Linear Slide Market Size, Share, Growth Analysis, By Type(Ball Bearing, and Roller Slides), By Range(Simple, Un-Driven, Multi-Axis, and Turnkey Linear), By Application(Factory Automation, Medical Tools, Packaging Tools, Machine Tools), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Linear Slide Market?

Global linear slide market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 2.68 billion in 2023 to USD 4.67 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

Q: Which region accounted for the largest share in Global Linear Slide Market?

Europe is estimated to hold sway over the global linear slide demand outlook. This can be attributed to the presence of a robust automotive manufacturing industry in this region and the high adoption of factory automation solutions. Germany, France, Italy, and the United Kingdom are forecasted to emerge as the most opportune markets for linear slide suppliers in the European region over the coming years. A high focus on energy conservation and optimization of industrial efficiency has led to increased adoption of automation solutions in this region and contributes to the high market share of Europe.

Report ID: SQMIG20I2246 | Region: Global | Published Date: March, 2024
Pages: 157 | Tables: 93 | Figures: 71

Linear Slide Market News

Firgelli Automations, a renowned supplier of automation solutions, announced the launch of a new linear slide back in March 2023. The newly launched slides were a revamped version of their previously popular Firgelli Linear Slides.

In May 2020, GCI Engineered Solutions, a provider of custom material handling equipment and torque handlers, announced the launch of a new linear slide torque arm. The new product is made from aluminum and capable of handling 50 Nm.

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linear slide market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 2.68 billion in 2023 to USD 4.67 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

Linear slide manufacturers should focus on collaborating and partnering with factory automation solution providers to maximize their revenue generation and business potential. Linear slide companies can also invest in research and development to expand their product portfolio and boost sales potential. Market players can also adopt the strategies of mergers and acquisitions to amplify their market presence and gain a competitive advantage over other market players. Companies can also focus on optimizing their manufacturing process to reduce costs and boost profits while experimenting with novel raw materials. 'Hiwin Corporation', 'Thomson Industries Inc.', 'Igus GmbH', 'Phoenix Mecano AG', 'SMC Corporation', 'SKF Group', 'Holmarc Opto-Mechatronics (P) Ltd.', 'Saiprasad Enterprises', 'Parker Hannifin', 'Intralox', 'Festo Group', 'Ball Slides Inc.', 'Nippon Thompson Co. Ltd.', 'IKO International', 'THK CO. LTD.'

Automotive industry is a key end user of linear slides as the industry uses them in multiple ways from assembly to vehicle components such as linear motors. A robust increase in automotive manufacturing activity will also favor linear slide sales.

Factory Automation and Industry 4.0: The adoption of Industry 4.0 trends worldwide has encouraged demand for factory automation solutions. This is projected to bolster sales of linear slides. Increasing penetration of digital technologies in industries is slated to strengthen the demand for automation and thereby benefit linear slide market growth as well.

Europe is estimated to hold sway over the linear slide demand outlook. This can be attributed to the presence of a robust automotive manufacturing industry in this region and the high adoption of factory automation solutions. Germany, France, Italy, and the United Kingdom are forecasted to emerge as the most opportune markets for linear slide suppliers in the European region over the coming years. A high focus on energy conservation and optimization of industrial efficiency has led to increased adoption of automation solutions in this region and contributes to the high market share of Europe.

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Linear Slide Market Size, Share, Growth Analysis, By Type(Ball Bearing, and Roller Slides), By Range(Simple, Un-Driven, Multi-Axis, and Turnkey Linear), By Application(Factory Automation, Medical Tools, Packaging Tools, Machine Tools), By Region - Industry Forecast 2024-2031

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