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The linear motion systems market will register a CAGR of more than 7% by 2022
LONDON, Jan. 10, 2019 /PRNewswire/ -- About this market
Increased adoption in electronics and semiconductor industry to drive growth in the market. Factors such as improving fabrication techniques, falling costs of production, increasing demand for advanced equipment, growing adoption of automation, and ongoing investments will drive growth in the global electronics and semiconductor industry. This will drive growth in the linear motion systems market. Technavio's analysts have predicted that the linear motion systems market will register a CAGR of more than 7% by 2022.
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Market Overview
Growing demand from robotic sectors
It has been observed that material handling and assembly robots are seeing a surge in demand. These robots are designed and developed as a collaborative machine to work alongside human workers.
Lack of product differentiation
The competition in the market is intense, which s expected to intensify owing to lack of product differentiation.
For the detailed list of factors that will drive and challenge the growth of the linear motion systems market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including The Timken Company and THK the competitive environment is quite intense. Factors such as the growing demand from robotic sectors and the increased adoption in electronics and semiconductor industry, will provide considerable growth opportunities to linear motion systems manufactures. Bosch, SCHNEEBERGER Group, SKF, The Timken Company, and THK are some of the major companies covered in this report.
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