Global Linear Guide Market: Size & Forecasts with Impact Analysis of COVID-19 (2021-2025)
The key players of the linear guide market are THK Co., Ltd., NSK Ltd., HIWIN, and Robert Bosch Gmbh (Bosch Rexroth AG) are also profiled with their financial information and respective business strategies.
By: Daedal Research
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global linear guide market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
THK Co., Ltd.
Robert Bosch Gmbh (Bosch Rexroth AG)
A linear guide refers to a system that is designed to support the motion of an application. Linear guides are broadly used across the varied industrial sectors. Linear guides are preferred to use more than any other guide devices, because of their load capacity, displacement accuracy, and rigidity.
The two basic types of linear guides are increasingly used in industry today. These are: sliding contact guides and rolling element guides. The main difference between these two types is how the movement of the object occurs along the linear rail.
The linear guide market can be segmented on the basis of product type (Ball Guide, Roller Guide, Needle Guide, and Others); and application (Automotive, Medical and Pharmaceutical, Machine Tools, Semiconductor and Electronics, and Others).
The global linear guide market has increased at a significant CAGR during the years 2017-2020 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously. The linear guide market is expected to increase due to growing construction activities, rise of electronics industry, increasing use of linear guides in automotive industry, surging demand for linear guides in machine tools industry, etc. Yet the market faces some challenges such as economic slowdown, maintenance issues, etc.
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