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The motion control market is estimated to grow at a CAGR of 5.83% between 2022 and 2027. The size of the market is forecast to increase by USD 5,204.11 million. The growth of the market depends on several factors, including the integration of motion control systems with digital drives, the increasing number of fulfillment centers, and the growing automation of processing plants.
This report extensively covers market segmentation by application (metal and machinery manufacturing, packaging and labelling, robotics, semiconductor and electronics, and others), product (electronic devices, actuators, ac drives, motion controllers, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The integration of motion control systems with digital drives is notably driving the market growth, although factors such as competitive pricing strategy followed by low-cost Asian manufacturers may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Motion Control Market Driver
The integration of motion control systems with digital drives is notably driving the market growth. Motion controllers are moving toward a high level of intelligence and integration with other control system products to enhance accuracy, perform complex operations, and for high performance and speed. These integrated motion control systems are also equipped with improved and advanced connectivity, which facilitates the transfer of data to supervisory control and data acquisition (SCADA) or other enterprise networks. These motion controllers serve a wide spectrum of applications in the industrial sector.
Motion controllers that are integrated with digital drives provide significant improvements in a wide range of industrial applications, such as machine tools, packaging and labeling, and semiconductors. These types of motion controllers ensure the highest levels of dynamic response, smooth performance, and application versatility across industries. The integration of motion control systems with new machinery mainly uses servo motors rather than line shaft drives to ensure faster production changeovers and modular flexibility to handle the latest products and package sizes. Therefore, such factors will boost the market during the forecast period.
Significant Motion Control Market Trend
The increasing need for compact motion controllers are emerging trend in the market. Advanced motion controllers are usually large and require a lot of space. SMEs and small-scale industries face space restrictions. Therefore, it becomes a very costly affair for these industries to install large components on their premises. Thus, distributed hardware and distributed intelligence have gained traction among SMEs.
In decentralized or distributed hardware, advanced motion controllers and drives are placed next to the motor rather than installing them in a climate-controlled cabinet. This not only reduces the pressure on the system architecture, including a centralized PLC but also increases the processing speed of industrial operations. The decentralization of hardware will help in reducing the floor space consumed by large control panels and control the heat generated by electronic devices inside centralized panels. Furthermore, some vendors are also trying to increase the processing speed by installing compact multi-axis motion controllers. Hence, such factors are expected to propel the growth of the global market during the forecast period.
Major Motion Control Market Challenge
Competitive pricing strategy followed by low-cost Asian manufacturers is a major challenge impeding the market. Various Asian countries are characterized by the presence of abundant land and affordable labour and raw materials. This has attracted significant investments in the manufacturing sector. End-users in the region are investing in cost-effective machinery and solutions. Vendors of motion control systems are collaborating with sub-component suppliers that offer economical hardware products in the market. In the past, many low-cost components from China, India, and other countries in APAC were exported to countries in North America and Europe.
However, presently, Asian companies themselves are manufacturing motion control systems at a significantly lower price than those made by their European and American counterparts, partly due to the availability of affordable labor and abundant resources. Hence, several established vendors in the Americas and Europe are unable to consolidate their presence in the growing Asian market. Thus, global vendors need to opt for horizontal integration via mergers and acquisitions to increase their market shares and tap hitherto unexplored territories. Therefore, such factors will continue to be a challenge to the market's growth during the forecast period.
Key Motion Control Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Motion Control Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ACS Motion Control Ltd. - The key offerings of the company include motion control products.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified, it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Technavio categorizes the global power transformers market as a part of the global heavy electrical equipment market within the global electrical equipment market. The global heavy electrical equipment market is an important manufacturing market that caters to the needs of the energy sector and other industrial sectors such as power, mining, and oil and gas. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The market share growth by the metal and machinery manufacturing segment will be significant during the forecast period. In metal applications, various types of contouring machines are used, including milling, lathe, gear shapers, grinding, and routing machines. Machine tools are used in the metal industry for applications such as metal cutting, metal forming, and metal welding. The growing demand for machine tools in metal and machinery manufacturing applications mainly arises from the metal automotive and aerospace sector, the increased demand for machine control systems incorporated with machine tools from various application areas, and favorable support of government policies and regulations.
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The metal and machinery manufacturing segment was valued at USD 6,702.58 million in 2017 and continued to grow until 2021. Over the past few years, the manufacturing industry has witnessed a trend wherein manually controlled machine tools, especially in mid- and small-scale industries, are increasingly being replaced by numerical control (NC) and computer numerical control (CNC) machines, as one of the most important aspects of any product development process is the design that helps give the desired shape to the final product. CNC machines not only adhere to these design specifications efficiently but also help in developing the product with the desired form with maximum accuracy. Also, CNC machines are extremely productive and efficient and enable the incorporation of new technologies. Advanced motion control systems use programmed commands and computers to ensure increased productivity. In addition, the use of computer-aided design (CAD) and computer-aided manufacturing (CAM) software to design CNC and NC machine components results in machines that ensure high accuracy. Apart from enhancing the quality of the product, NC and CNC machines also reduce time and human efforts. Therefore, the adoption of automation in a company's production or fabrication process results in reduced operational costs and increases its competitive edge. Hence, these are the major factors that will increase the demand for motion control systems for machine tool applications during the forecast period.
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APAC is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is expected to witness growth in APAC because of the growing adoption of advanced technology across industries and an influx of small and medium-sized enterprises (SMEs). Key industrial countries in the region, including China, India, Japan, and South Korea, have recently launched initiatives for an industrial automation revolution. According to the World Robotics 2022 report from the International Federation of Robotics, China is the largest buyer of industrial robots in the world. This is because of various initiatives of the Chinese government, including the Made in China Strategy 2025 and Internet Plus. The Made in China 2025 plan aims to raise the domestic production of industrial robots to 70% by 2025. In addition, China has the biggest manufacturing sector in the world. Thus, the demand for smart processes in manufacturing operations is increasing in China. The steady economic growth in APAC is also affecting the development of industrial automation systems in a positive manner, thus boosting the demand for motion control systems in the region during the forecast period.
Adoption rates for automation in material handling equipment are rising in the region. Many Chinese warehouses are implementing material handling equipment, such as robots, to increase their efficiency. Automation in material handling uses a motor, gearbox, and electronic drive packages that are designed for warehouse shuttle use. Direct drive and geared models are available with the option of adding integrated encoders, electronic brakes, and custom mounting configurations to suit various shuttle automation needs. Thus, the demand for motion control systems is expected to drive market growth in the region during the forecast period.
The market in focus in 2020 is expected to be adversely affected by the COVID-19 outbreak. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Furthermore, the growth of the regional market is also based on increased government funding in the region in various industries. Countries in the region announced economic stimulus packages in 2020 and 2021 to bail out their economies from the negative effects of the pandemic. Such initiatives have helped in driving the growth of different end-user industries, including the automotive and chemical industries, that use motion control on a large scale. Hence, these factors will drive the growth of the market for motion control in the region during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Motion Control Market Scope |
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Report Coverage |
Details |
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Page number |
191 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.83% |
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Market growth 2023-2027 |
USD 5,204.11 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.4 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 51% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., ACS Motion Control Ltd., ADVANCED Motion Controls, Aerotech Inc., Beckhoff Automation GmbH and Co. KG, Delta Computer Systems Inc., Dover Motion, Eaton Corp. Plc, Galil Motion Control, Kollmorgen Corp., Mitsubishi Electric Corp., Moog Inc., Nanotec Electronic GmbH and Co. KG, OMRON Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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