Summary of this issue:
This week’s topic: (1) Linear drive is relatively mature in European and American markets. Linear drive, also known as electric push rod, is a new type of electric actuator. It makes a round-trip motion within a certain range of travel, and converts the rotating motion of the motor into a linear reciprocating motion. It can actively realize the comprehensive application of complex functions such as lifting, extension and angle adjustment of the whole mechanical system. The scene of linear drive It is very extensive. However, at present, the industry is in the early stage, and its use is relatively mature only in the fields of medical care, smart home, smart office, industrial technology and so on. The linear drive industry in foreign countries has developed for a longer time. There are global well-known brands such as LINAK in Denmark and dewertokin in Germany. The income scale of industry leader LINAK is about 5 billion yuan. China’s linear drive industry has developed since the beginning of the 21st century. Compared with Europe and other regions, the development time of China’s linear drive industry is relatively short. The utilization rate of China’s linear drive products is relatively low. The industry as a whole is still in the development stage. It has not been widely used in the fields of smart home, smart office and medical care, but the industry has also developed rapidly. The main participants in China’s linear driving industry include China Taiwan TIMOTION, Changzhou Kaidi Electrical Inc(605288) , Zhejiang Jiecang Linear Motion Technology Co.Ltd(603583) , Loctek Ergonomic Technology Corp(300729) , Howard intelligent, Zhejiang Xinyi Control System Co., Ltd., Jiaxing ritual Ocean Electric Technology Co., Ltd. (2) Linear drive has great growth potential. According to technavio data, the global linear drive market will be about US $4.607 billion in 2019 and is expected to grow to US $5.529 billion by 2024. The linear drive market is highly concentrated, and the United States is the largest market. At present, the Asia Pacific region, Europe and North America account for more than 90% of the global linear drive market Moderate is still improving. From a national perspective, in 2019, the market share of seven major countries, including the United States, China and Germany, accounted for more than 70%, and the overall concentration of the industry market was high. In the field of smart home, according to the data disclosed in the 2020 Research Report on China’s smart home industry by yiou think tank, it is expected that the scale of China’s smart home market is expected to exceed 800 billion yuan in 2025, and the compound annual growth rate from 2017 to 2025 is about 15.86%. In the field of medical rehabilitation, if linear drive accounts for 0.50% of the market scale of medical devices and equipment, In 2020, the linear drive market scale of medical devices in the world and China was US $2.387 billion (RMB 15.2 billion) and RMB 3.67 billion respectively. In the field of smart office, according to Google trend data, the American people were satisfied with the “electric lifting desk” in 2020 The search popularity of is about 4 times higher than that in 2015. In other fields such as industry, the penetration rate of linear drive in industrial field is relatively low, and it can be applied in many subdivided fields such as intelligent manufacturing, photovoltaic power generation, agricultural production, animal husbandry and engineering construction.
Risk factors: the spread of the global epidemic is accelerating, the demand boost after overseas resumption of work is lower than expected, and China’s subsequent economic growth is weak.
