Market Research Future has published a Cooked Research Report on the "Global Motion Control Market".
MRFR recognizes the following companies as the key players in the Global Motion Control Market— ABB Group, Siemens AG, Emerson Electric Co, Schneider Electric, Rockwell Automation Inc, Parker Hannifin Corporation, STM Microelectronics, MKS Instruments Inc., Motion Control Corporation, Estun Automation Co. Ltd., and AMETEK Advanced Motion Solutions.
Motion Control Market Highlights
The Global Motion Control Market is accounted to register a CAGR of 4.60% during the forecast period and is estimated to reach USD 21,656.12 Million by 2032.
The Global Motion Control Market refers to the worldwide industry involved in the production, sale, and implementation of motion control systems and components. Motion control is a technology that enables the precise control of movement in various industrial applications, robotics, automation, and other fields.
The Global Motion Control Market has been experiencing steady growth due to increasing industrial automation, advancements in robotics and machinery, and the demand for higher precision and efficiency in manufacturing processes. Factors driving the market include the need for improved productivity, reduced downtime, and enhanced quality in production processes across various industries.
Segment Analysis
The Global Motion Control Market has been segmented based on component, application and technology.
On the basis of component, the market is segmented into Actuators & Mechanical Systems, Motion Controllers, Electric Drives, AC Motors and Sensors & Feedback Devices. The electric drives segment held the majority share in 2021 contribution to the Motion Control Market revenue. This is primarily owing to the increasing emphasis on industrial automation and the advent of the internet of things (IoT).
Based on application, the market has been segmented into Inspection, Material Handling, Packaging and Robotics. The robotics segment dominated the market and is projected to be the faster-growing segment. This is attributed due to growing use of linear robotics due to their improved precision and low price.
Based on technology, the market has been segmented into Pneumatic, Hydraulic and Electromechanical Actuation. The hydraulic segment dominated the market and is projected to be the faster-growing segment. This is due to the expansion of process industries, rising demand for material handling equipment, and expanding construction sector potential.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Motion Control Market Research Report
Regional Analysis
The Global Motion Control Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Motion Control Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Motion Control Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Motion Control Market comprises of Middle East, Africa, and Latin America.
North America held a substantial share of the global motion control market. The United States, in particular, was a major market player due to its technologically advanced manufacturing industries and increasing adoption of motion control solutions to improve production efficiency and product quality.
Europe was another significant region in the motion control market. The region's focus on advanced manufacturing and investments in Industry 4.0 initiatives drove the demand for motion control solutions.
Asia-Pacific emerged as the fastest-growing region in the motion control market during that period. The rising adoption of robotics and automation in various industries, such as automotive, electronics, and semiconductor, also contributed to the market growth.
Furthermore, the rest of the world's Global Motion Control Market is divided into the Middle East, Africa, and Latin America. Latin America had a comparatively smaller share in the global motion control market but showed potential for growth. The growing emphasis on industrial automation and the implementation of advanced manufacturing technologies in various sectors offered opportunities for motion control vendors.
Key Findings of the Study
- The Global Motion Control Market is expected to reach USD 21,656.12 Million by 2032, at a CAGR of 4.60% during the forecast period.
- Asia-Pacific emerged as the fastest-growing region in the motion control market during that period. The rising adoption of robotics and automation in various industries, such as automotive, electronics, and semiconductor, also contributed to the market growth.
- Based on technology, the market has been segmented into Hydraulic and Electromechanical Actuation holding the largest market in 2022.
- ABB Group, Siemens AG, Emerson Electric Co, Schneider Electric, Rockwell Automation Inc, Parker Hannifin Corporation, STM Microelectronics, MKS Instruments Inc., Motion Control Corporation, Estun Automation Co. Ltd., and AMETEK Advanced Motion Solutions.
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Companies Covered | 15 |
Pages | 100 |
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