Global Motion control Market Set for Rapid Growth, to reach around USD 22.81 billion by 2022

Zion Market Research has published a new report titled “Motion control Market By Technology (Computerized Numerical Control And General Motion Control) For Automotive, Aerospace & Defense, Semiconductor & Electronics, Food and Beverage, Machinery Manufacturing, Oil & Gas, and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2016 – 2022.” According to the report, global demand for motion control market was valued at USD 16.54 billion in 2016, and is expected to generate revenue of USD 22.81 billion by end of 2022, growing at a CAGR of slightly above 5.7% between 2017 and 2022.
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Asia Pacific is by far the largest regional market for motion control and is set to continue to prevail over other regions during the forecast period. Asia Pacific is expected to be the fastest growing regional market for the motion control due to growing economies in the region such as China, Japan, Brazil and India, among others. Rapid economic development in the region and rapid industrialization in developing countries is playing a key role in the growth of this market. Growth in this region is also driven by increasing demand for automation in several manufacturing facilities. Increased use in semiconductor & electronics, automotive, food & beverages, and machinery manufacturing, applications is expected to drive the Asia Pacific motion control market.
Asia Pacific was followed by North America and Europe in 2016. North America is expected to have significant growth during the years to come owing to the technological advancement in motion controllers. U.S. is the key region in North America and plays major role in the development of the future motion control market. Labor costs have increased in the U.S. and Canada in the past few years affecting the overall manufacturing costs. Increased investment in manufacturing industries primarily in the semiconductor, automotive, and machinery industries is expected to propel the market in the next few years.
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Europe is expected to show moderate growth during the forecast period due to technological advancement, and presence of expertise compared to developing regions. The considerable economic growth of countries such Belgium, France, UK, and Germany may drive the motion control market in the next few years. In addition, development of advanced motion controllers is expected to boost the market in the next few years.
Latin America, Middle East and Africa are likely to have considerable growth for motion control market during the estimated five years. Key players in motion control market are Rockwell Automation Inc., Schneider Electric SE, Parker Hannifin Corp., Yaskawa Electric Corp., Moog Inc., Bosh Rexroth AG, Schneider Electric, Dover Motion, Parker Hannifin Corp, ABB, Altra Industrial Motion Corporation, and Siemens AG. Some of the domination players in this industry include ABB, Parker Hannifin, Rockwell Automation, Siemens and Yasakawa Electric.
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This report segments global motion control market as follows:
Motion Control Market: Technology Segment Analysis
• Computerized Numerical Control
• General Motion Control
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Motion Control Market: Application Segment Analysis
• Automotive
• Aerospace & Defense
• Semiconductor & Electronics
• Food and Beverage
• Machinery Manufacturing
• Oil & Gas
• Others
Motion Control Market: Regional Segment Analysis
• North America
o U.S.
• Europe
o UK
o France
o Germany
• Asia Pacific
o China
o Japan
o India
• Latin America
o Brazil
o Middle East and Africa
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