Record-breaking revenues projected for the linear motion products market

By Syed Mohsin Ali, research analyst, industrial automation, IHS Markit

According to the 2017 edition of the Linear Motion Products Report from IHS Markit, total global revenue from linear motion products is projected to hit a record high of $7.3 billion in 2017.

Demand for linear motion products in the electronics and electronics-assembly industries — particularly for battery manufacturing facilities and improved global economic conditions — have facilitated growth.

This new revenue record was preceded by a substantial growth rate of 6.1 percent in 2016, primarily a result of high demand from China and a 10.1 percent stronger exchange rate for the Japanese yen against the US dollar.  Continue reading Record-breaking revenues projected for the linear motion products market