Report ID: SQMIG20I2246
Report ID:
SQMIG20I2246 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|
Tables:
93 |
Figures:
71
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).
Linear slides are bearings or guide units that allow smooth movement across a single axis. Growing industrialization and rising adoption of automation in different industry verticals are forecasted to primarily bolster the demand for linear slide over the coming years. Linear slides offer low friction and highly accurate movement for different applications across several industry verticals. Increasing automotive production around the world is also estimated to uplift the linear slide market growth across the forecast period. The high use of linear slides in machining tools for precision cutting and processing is also slated to favor the demand outlook in the future. Minimal tool wear, high accuracy, low power consumption, and less heat production are benefits of using linear slides.
Europe and Asia Pacific are estimated to emerge as highly rewarding spaces for linear slide providers in the long run owing to growing adoption of automation in different manufacturing facilities. Linear slide market players will have to overcome the competition from alternative linear motion technologies to stay relevant in the long run. Automation is slated to be the biggest opportunity for established and incoming linear slide suppliers through 2031.
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Report ID: SQMIG20I2246