Global Linear Guide Rail Market Is Valued At 2288.45 Million US$ In 2017
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As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties, and coupled with Linear Guide industry in short supply on the market in the past few years, more and more companies enter into Linear Guide industry. The top 3 companies in the industry are THK, Hiwin and NSK, occupying 75.8% of the market share
The global Linear Guide Rail market is valued at 2288.45 million US$ in 2017 and is expected to reach 3666.75 million US$ by the end of 2023, growing at a CAGR of 8.17% between 2017 and 2023. By countries, China was the largest consumption area with the volume of 10827 K Unit in 2017.
Linear Guide product demand market there is also a certain space, but basically showing the scarcity of high-end products, low-end products, excess capacity, there is a large market demand for high-end products to seize market share of imports acts, local enterprises export more low-end products overcapacity or molding process basic Materials.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.
As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese Linear Guide industry is not only begin to transit to high-end Linear Guide products, while still extend in the resource-rich land and downstream industry chain.
Although sales of Linear Guide brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Linear Guide field.