The global linear motor market was valued at 1.37 billion U.S. dollars in 2020.

The global linear motor market was valued at $1.37 billion in 2020. By 2030, the global linear motor market is expected to reach $2.1894 billion, with a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2021 to 2030. A linear motor is an induction motor with parallel linear stators and rotors placed in between to generate linear motion.

Influencing Factors

The beneficial applications of linear motors in various industries such as electronics, automotive, robotics, and semiconductors will drive the growth of the global linear motor market.

Linear motors are usually used in machines to automatically perform functions such as cutting, grinding, shearing, etc. Therefore, the precision and profitable functions of these machines are likely to accelerate their adoption in the coming years.

Linear motors offer excellent reliability at low cost. As a result, there is a high demand for linear motors in various industries. Thus, the global linear motor market will benefit in the coming years.

Electromagnets are used to power linear motors, and their manufacturing cost is very high. The global linear motor market will slow down as a result.

Impact Analysis of Covid-19

The outbreak of Covid-19 prompted lockdowns to stop the spread of the virus. Many industries were forced to shut down temporarily due to labor shortages. The production shutdown had an adverse impact on the global linear motor market. However, after government agencies lifted the lockdowns, the global linear motor market is expected to grow again. The pandemic also affected manufacturing activities as import and export activities were all halted. Therefore, during the pandemic, the lack of raw materials affected the entire supply chain.

In addition, linear motors do not rely on other mechanical components such as belts, pulleys, and pinions. Moreover, they do not require elastic components such as couplings, gearboxes, etc. Therefore, it reduces the risk of motion errors and gaps. Due to these benefits, market participants are likely to see potential opportunities in the coming years.

Regional Insights

The Asia-Pacific region holds the largest share in the global linear motor market. Emerging economies such as China and India are rapidly adopting new technologies. In addition, governments have launched a number of large-scale IT infrastructure improvement plans, which will surge the demand for linear motor technology in the coming years.

Key Players

The following companies are the major players in the global linear motor market: