Segmentation By Component (Motor, Motor Drive, Motion Controller, Sensors & Feedback Devices and Others); By Application (Metal Fabrication, Conveyor System, Packaging, Material Handling and Others) and By End User (Process Manufacturing, Infrastructure & Utilities, Transportation and Discrete Manufacturing) – Global Industry Demand Analysis and Opportunity Assessment 2018-2027
Buy NowGlobal Motion Control Market
Part 1 Market Definition and Research Methodology
• Market Definition
• Research Objective
• Research Methodology
Part 2 Executive Summary
Part 3 Market Dynamics
• Drivers
• Challenges
• Trends
• Opportunities
Part 4 Industry Analysis
• Regulatory Landscape
• Technological Advancements
• Impact Analysis of COVID19
Part 5 Global Motion Control Market
• Market Overview – Market Size (2018–2027)
• Market segmentation by:
o Component
o Application
o End-user
o Region
Part 6 North America Motion Control Market
• Market Overview – Market Size (2018–2027)
• Market segmentation by:
o Component
o Application
o End-user
o Countries
Part 7 Latin America Motion Control Market
• Market Overview – Market Size (2018–2027)
• Market segmentation by:
o Component
o Application
o End-user
o Countries
Part 8 Europe Motion Control Market
• Market Overview – Market Size (2018–2027)
• Market segmentation by:
o Component
o Application
o End-user
o Countries
Part 9 Asia Pacific Motion Control Market
• Market Overview – Market Size (2018–2027)
• Market segmentation by:
o Component
o Application
o End-user
o Countries
Part 10 Middle East and Africa Motion Control Market
• Market Overview – Market Size (2018–2027)
• Market segmentation by:
o Component
o Application
o End-user
o Countries
Part 11 Competitive Landscape
• Company Profiles of Key Players
By Component
The global motion control market has been segmented by component into motor, motor drive, motion controllers, sensors & feedback devices and others. The motor segment, which held the largest market share of 34.91% in the year 2018, had a market value of USD 4.51 billion in the year 2018 and is expected to cross a value of USD 6.37 billion by the end of 2027 by registering a CAGR of 3.92% during the forecast period. Additionally, the segment is anticipated to achieve an incremental $ opportunity of USD 0.18 billion in the year 2020 as compared to the previous year.
The global motion control market is segmented by regions into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. Among these regions, the market of Asia Pacific motion control held the largest market share of 40.02% in the year 2018 along with a value of USD 5.17 billion in the year 2018. The market in the region is further anticipated to cross a value of USD 7.19 billion by the end of 2027 by registering a CAGR of 3.74% during the forecast period.
On the other hand, the market in Europe is anticipated to gain a significant market share and is further expected to cross a value of USD 5.02 billion by the end of 2027 by registering a CAGR of 3.92% during the forecast period.
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The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
Growth Indicators
Technological advancements and developments in the manufacturing industry is creating a substantial increase in the number of robot installations over the previous years, especially in the automotive manufacturing. Industrial robots are a crucial part of the manufacturing process owing to their features including vision recognition, failure prediction and others. Motion control is considered as one of the key technologies used in industrial robots. The potential of industrial robots to aid in manufacturing processes of various industries such as automotive industry and customization in machinery, coupled with the growing awareness pertaining to industrial accidents are boosting the acceptance of industrial robots in various end user verticals. The increasing adoption of robots across manufacturing industries, coupled with the shift in trend of industries for automation of processes +
Barriers
The high maintenance and replacement cost of motion control systems, coupled with the dynamic change in industrial standards across regions worldwide, that raises several problems for the deployment of motors in industries and the lack of skilled workforce for understanding the output results of motion control systems are some of the factors anticipated to restrict the growth of the global motion control system market.
Some of the affluent industry leaders in the global motion control market are Parker Hannifin Corp, Rockwell Automation, Inc., ABB Ltd., Siemens AG, Ametek Advanced Motion Solutions, Emerson Electric Co., Yaskawa Electronic Corporation, Gears & Winches, Kohara Gear Industry Co., Ltd. and Accurate Specialties Inc.
February 2020: Parker Hannifin Corp. announced the release of its new Parker LM-Pro linear motor proportional valve under its precision fluidics division. These valves are used in the respiratory and anesthesia market.
May 2020: Rockwell Automation, Inc. announced that it has acquired ASEM S.p.a., an Italy based company which provides digital automation technologies. The acquisition will help Rockwell Automation expand its product portfolio in control and visualization hardware, as well as software.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Increasing adoption of industrial robots in end user industries is one of the major factors that is driving the growth of the market.
Ans: The market is anticipated to attain a CAGR of 3.82% over the forecast period, i.e. 2019-2027.
Ans: The market in Europe is anticipated to provide more business opportunities in the near future.
Ans: The major players in the global motion control market are Parker Hannifin Corp, Rockwell Automation, Inc., ABB Ltd., Siemens AG, Ametek Advanced Motion Solutions, Emerson Electric Co., Yaskawa Electronic Corporation, Gears & Winches, Kohara Gear Industry
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is majorly segmented by component, application, end user and by region.
Ans: The motor segment, which is a sub-segment of the component segment, held the largest market share of 34.91% in the year 2018, is anticipated to show significant growth opportunity.
Ans: High maintenance and replacement cost of motion control systems is one of the major factors anticipated to act as a barrier towards the growth of the global motion control market.
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