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Motion Control Market

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

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Report ID: 2548 | Published On: Jan 31, 2023
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Global 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


Market Segmentation Synopsis

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.

Motion Control Market Share


Motion Control Market
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Growth Highlights based on Region during 2018-2027
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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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Motion Control Market

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).


Market Drivers and Challenges

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.


Motion Control Market Share
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Top Featured Companies Dominating The Market


In The News

  • 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.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

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.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the Motion Control market?

Ans: Increasing adoption of industrial robots in end user industries is one of the major factors that is driving the growth of the market.

2) What would be the CAGR of Motion Control market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 3.82% over the forecast period, i.e. 2019-2027.

4) Which region will provide more business opportunities for growth of Motion Control market in future?

Ans: The market in Europe is anticipated to provide more business opportunities in the near future.

5) Who are the major players dominating the Motion Control market?

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

6) How are the company profiles selected?

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.

7) What are the major segments in the global motion control market?

Ans: The market is majorly segmented by component, application, end user and by region.

8) What can be the significant growth opportunity for the component segment in the global motion control market?

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.

8) What are the restraining factors for the market?

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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