Motion Control Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2023-2027

Published: Feb 2023 Pages: 191 SKU: IRTNTR43881

Exploring the Growth and Trends of the Motion Control Market Overview

The motion controls market size is valued at USD 21.10 billion in 2027 with a  CAGR of 5.83% between 2023 and 2027. The motion control market refers to the industry involved in the manufacturing and sales of devices used to control and regulate movement in various applications. The global motion control market is expected to witness steady growth in the coming years, driven by factors such as increased industrial automation and demand for robotics.

Market Size and Growth Forecast

Analysis Period 2017-2027
Market Size (2017) Historic Year USD 12.87 billion
Market Size (2027) - Forecasted Year USD 21.10 billion
Historic Opportunity (2017-2021) USD 2.24 billion
Historic CAGR 4.09 %
Forecasted Opportunity (2023-2027) USD 5.20 billion
Market Opportunity Transformation Growth 63.94 %
Market Opportunity Capitalization USD 7.44 billion

 

Market Executive Summary and Forecasting

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Future Outlook of the Motion Control Market 

Industries such as automotive, aerospace, electronics, and healthcare heavily rely on motion control systems for precise and efficient movement control. Emerging technologies like artificial intelligence and machine learning are being integrated into motion control systems to enhance their performance and capabilities.

Market Growth Analysis

The integration of systems with digitization drives is notably driving the growth of the market share. These 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. They 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 controller markets serve a wide spectrum of applications in the industrial sector. 

The market that is integrated with digital drives provides significant improvements in a wide range of industrial applications, such as machine tools utilization, packaging and labelling, and semiconductors. These types of ensure the highest levels of dynamic response, smooth performance, and application versatility across industries. The integration of 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. 

Emerging Trends and Opportunities

The increasing need for compact controllers are emerging market trend. Advancements 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 installed 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 reduce 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 controllers. Hence, such factors are expected to propel the market growth and trends.

Challenges and Risks 

Competitive pricing strategy followed by low-cost Asian manufacturers is a major restraint impeding the market growth. 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 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 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.

Market Segmentation by Application 

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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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 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 systems for machine tool applications during the forecast period.

Market Segmentation by Technology

Industrial automation applications hold the largest market share in motion control, representing around 58% of the total market revenue. The adoption of systems has led to an average increase in production efficiency by 28% across various industries. Servo motors account for approximately 42% of the market share in the industry. The power-transmission motion industry is characterized by its functions in precise power transmission and precision the constant replacement of traditional components with advanced technologies, the involvement of organizations in addressing industrial complexity, and the integration of feedback devices for enhanced efficiency.

Regional Analysis

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APAC is estimated to contribute 51% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

The market is expected to witness growth in APAC because of the growing adoption of advancements in 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 processes sector in the world. Thus, the demand for smart processes in manufacturing facilities is increasing in China. The steady economic developments in APAC are also affecting the development of industrial automation systems positively, thus boosting the demand for 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 motor controls, 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 solutions is expected to drive market growth in the region during the forecast period.

Key Players

Companies 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.

Key players in the market include companies specializing in motors, drives, controllers, and sensors. We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

ABB Ltd., ACS Control Ltd., ADVANCED Controls, Aerotech Inc., Beckhoff Automation GmbH and Co. KG, Delta Computer Systems Inc., Dover Motion, Eaton Corp. Plc, Galil 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. Omron Corporation and Mitsubishi electric corporation.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market trends and analysis from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Metal and machinery manufacturing
    • Packaging and labeling
    • Robotics
    • Semiconductor and electronics
    • Others
  • Product Outlook (USD Million, 2017 - 2027)
    • Electronic devices
    • Actuators
    • AC drives
    • Motion controllers
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

 Market Scope

Report Coverage

Details

Page number

191

Base year

2022

Historic period

2017 - 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.83%

Market growth 2023-2027

USD 5204.11 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.4

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 51%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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.

Market dynamics

Parent market analysis,Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this Market Research and Growth Report?

  • CAGR of the market forecast during the forecast period
  • Detailed information on factors that will drive the growth of the  market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global motion control market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global motion control market 2017 - 2021 ($ billion)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Metal and machinery manufacturing - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Metal and machinery manufacturing - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Metal and machinery manufacturing - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Metal and machinery manufacturing - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Metal and machinery manufacturing - Year-over-year growth 2022-2027 (%)
    • 6.4 Packaging and labeling - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Packaging and labeling - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Packaging and labeling - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Packaging and labeling - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Packaging and labeling - Year-over-year growth 2022-2027 (%)
    • 6.5 Robotics - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Robotics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Robotics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Robotics - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Robotics - Year-over-year growth 2022-2027 (%)
    • 6.6 Semiconductor and electronics - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Semiconductor and electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Semiconductor and electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Semiconductor and electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Semiconductor and electronics - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 55: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 57: Chart on Comparison by Product
      • Exhibit 58: Data Table on Comparison by Product
    • 7.3 Electronic devices - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Electronic devices - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Electronic devices - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Electronic devices - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Electronic devices - Year-over-year growth 2022-2027 (%)
    • 7.4 Actuators - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Actuators - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Actuators - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Actuators - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Actuators - Year-over-year growth 2022-2027 (%)
    • 7.5 AC drives - Market size and forecast 2022-2027
      • Exhibit 67: Chart on AC drives - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on AC drives - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on AC drives - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on AC drives - Year-over-year growth 2022-2027 (%)
    • 7.6 Motion controllers - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Motion controllers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Motion controllers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Motion controllers - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Motion controllers - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Product
      • Exhibit 79: Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 80: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 81: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 82: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 83: Chart on Geographic comparison
      • Exhibit 84: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 101: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 105: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 109: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 117: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 118: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 119: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 120: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 121: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 122: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 123: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 124: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 125: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 126: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 127: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 128: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 129: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 130: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 131: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 132: ABB Ltd. - Overview
              • Exhibit 133: ABB Ltd. - Business segments
              • Exhibit 134: ABB Ltd. - Key news
              • Exhibit 135: ABB Ltd. - Key offerings
              • Exhibit 136: ABB Ltd. - Segment focus
            • 12.4 ACS Motion Control Ltd.
              • Exhibit 137: ACS Motion Control Ltd. - Overview
              • Exhibit 138: ACS Motion Control Ltd. - Product / Service
              • Exhibit 139: ACS Motion Control Ltd. - Key offerings
            • 12.5 Beckhoff Automation GmbH and Co. KG
              • Exhibit 140: Beckhoff Automation GmbH and Co. KG - Overview
              • Exhibit 141: Beckhoff Automation GmbH and Co. KG - Product / Service
              • Exhibit 142: Beckhoff Automation GmbH and Co. KG - Key offerings
            • 12.6 Delta Computer Systems Inc.
              • Exhibit 143: Delta Computer Systems Inc. - Overview
              • Exhibit 144: Delta Computer Systems Inc. - Product / Service
              • Exhibit 145: Delta Computer Systems Inc. - Key offerings
            • 12.7 Dover Motion
              • Exhibit 146: Dover Motion - Overview
              • Exhibit 147: Dover Motion - Product / Service
              • Exhibit 148: Dover Motion - Key offerings
            • 12.8 Eaton Corp. Plc
              • Exhibit 149: Eaton Corp. Plc - Overview
              • Exhibit 150: Eaton Corp. Plc - Business segments
              • Exhibit 151: Eaton Corp. Plc - Key news
              • Exhibit 152: Eaton Corp. Plc - Key offerings
              • Exhibit 153: Eaton Corp. Plc - Segment focus
            • 12.9 Mitsubishi Electric Corp.
              • Exhibit 154: Mitsubishi Electric Corp. - Overview
              • Exhibit 155: Mitsubishi Electric Corp. - Business segments
              • Exhibit 156: Mitsubishi Electric Corp. - Key news
              • Exhibit 157: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 158: Mitsubishi Electric Corp. - Segment focus
            • 12.10 Nanotec Electronic GmbH and Co. KG
              • Exhibit 159: Nanotec Electronic GmbH and Co. KG - Overview
              • Exhibit 160: Nanotec Electronic GmbH and Co. KG - Product / Service
              • Exhibit 161: Nanotec Electronic GmbH and Co. KG - Key offerings
            • 12.11 OMRON Corp.
              • Exhibit 162: OMRON Corp. - Overview
              • Exhibit 163: OMRON Corp. - Business segments
              • Exhibit 164: OMRON Corp. - Key news
              • Exhibit 165: OMRON Corp. - Key offerings
              • Exhibit 166: OMRON Corp. - Segment focus
            • 12.12 Parker Hannifin Corp.
              • Exhibit 167: Parker Hannifin Corp. - Overview
              • Exhibit 168: Parker Hannifin Corp. - Business segments
              • Exhibit 169: Parker Hannifin Corp. - Key news
              • Exhibit 170: Parker Hannifin Corp. - Key offerings
              • Exhibit 171: Parker Hannifin Corp. - Segment focus
            • 12.13 Robert Bosch GmbH
              • Exhibit 172: Robert Bosch GmbH - Overview
              • Exhibit 173: Robert Bosch GmbH - Business segments
              • Exhibit 174: Robert Bosch GmbH - Key news
              • Exhibit 175: Robert Bosch GmbH - Key offerings
              • Exhibit 176: Robert Bosch GmbH - Segment focus
            • 12.14 Rockwell Automation Inc.
              • Exhibit 177: Rockwell Automation Inc. - Overview
              • Exhibit 178: Rockwell Automation Inc. - Business segments
              • Exhibit 179: Rockwell Automation Inc. - Key news
              • Exhibit 180: Rockwell Automation Inc. - Key offerings
              • Exhibit 181: Rockwell Automation Inc. - Segment focus
            • 12.15 Schneider Electric SE
              • Exhibit 182: Schneider Electric SE - Overview
              • Exhibit 183: Schneider Electric SE - Business segments
              • Exhibit 184: Schneider Electric SE - Key news
              • Exhibit 185: Schneider Electric SE - Key offerings
              • Exhibit 186: Schneider Electric SE - Segment focus
            • 12.16 Siemens AG
              • Exhibit 187: Siemens AG - Overview
              • Exhibit 188: Siemens AG - Business segments
              • Exhibit 189: Siemens AG - Key news
              • Exhibit 190: Siemens AG - Key offerings
              • Exhibit 191: Siemens AG - Segment focus
            • 12.17 Yaskawa Electric Corp.
              • Exhibit 192: Yaskawa Electric Corp. - Overview
              • Exhibit 193: Yaskawa Electric Corp. - Business segments
              • Exhibit 194: Yaskawa Electric Corp. - Key offerings
              • Exhibit 195: Yaskawa Electric Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 196: Inclusions checklist
                • Exhibit 197: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 198: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 199: Research methodology
                • Exhibit 200: Validation techniques employed for market sizing
                • Exhibit 201: Information sources
              • 13.5 List of abbreviations
                • Exhibit 202: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

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                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

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                  REPORT WRITING

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                  • Market trends
                  • Five forces analysis

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                  • Competitive landscape

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