Linear Slide Units Market Forecast Hit by Coronavirus Outbreak, Downside Risks Continue to Escalate
Analysts at Future Market Insights find that the global Linear Slide Units market has been evolving at a CAGR of xx% during the historic period 2013-2017. The market study suggests that the global market size of Linear Slide Units is projected to reach ~US$ xx Mn/Bn by the end of 2028 with a CAGR of xx% over the stipulated timeframe 2018-2028.
The COVID-19 pandemic has been posing measurable impact on the global economy and, in turn, on the Linear Slide Units market. Quarantines, traveling constraints, and social distancing measures on a broad-scale drive a steep decline in business and consumer spending until the end of Q2. This research work intends to offer market players with a viewpoint on the changing scenario and implications for the market players.
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On the basis of a drive, the linear slide units market has been segmented into ball screw and belt drive. The ball screw segment is projected to grow at a considerable rate in the global market as Linear Slide Units are used with ball screws; however, when accuracy is not the foremost requirement, and speed with the ability to reiterate the operation is, then belt drives are the preferred option.
On the basis of capacity, the Linear Slide Units market has been segmented into less than 50 kg, between 50-100 kg, between 100-150 kg and above 150 kg. The less than 50 Kg segment is estimated to dominate the global linear slide units market with a value CAGR of 7.5% between 2018 and 2018, followed by the 50-100 kg segment. By application, the linear slide unit market has been segmented into pick & place, packaging, and inline production. The pick & place segment is expected to hold around 40% of the global linear slide units market value share by 2018 and expand at a CAGR of 6.8% over the forecast period
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By end use, food & beverage, packaging and machine building & SPM segments are projected to collectively account for more than a 60% value share in the global market. On the basis of region, India and East Asia are estimated to grow at significant rates in the global linear slide units market, owing to rapid industrialization and the substantial growth being witnessed in automotive component and metal fabrication industries.
The intensity of competition in the linear slide unit market is medium to high. There are a large number of big and medium players in the marketplace, which makes the linear slide units market fairly consolidated. However, more than 50% of the linear slide unit market is held by organized players. Key companies serving the linear slide units market are keen on launching new products and entering into expansion agreements to meet the fast-changing tastes and demands of consumers. Some of the key players active in the global Linear Slide Units market include Bosch Rexroth, Festo Group, SMC Corporation, Parker Hannifin, Igus, Phoenix Mecano AG, HIWIN Corporation, THK CO., LTD., and Thomson Industries Inc., among others..
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What does the Linear Slide Units market research holds for the readers?
- One by one company profile of key vendors.
- Influence of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Linear Slide Units market.
- Evaluation of supply-demand ratio in every end use industry.
- Regional analysis on the basis of market share, growth outlook, and key countries.
- Positive and negative aspects associated with the consumption of Linear Slide Units.
The Linear Slide Units market research clears away the following queries:
- What is the present and future outlook of the global Linear Slide Units market on the basis of region?
- What tactics are the Linear Slide Units market vendors implementing to give tough competition to their business counterparts?
- What are the macro- and microeconomic factors affecting the global Linear Slide Units market?
- Which end use segment is spectated to lead by the end of 2029?
- Why region has the highest consumption of Linear Slide Units?
COVID -19 : Impact Analysis @ https://www.futuremarketinsights.com/covid19/rep-gb-9010
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