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“The Power Transmission Motion Control Market is poised to grow by USD 284.40 billion during 2022-2026, accelerating at a CAGR of 17.41% during the forecast period”
Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. This power transmission motion control market research report extensively covers power transmission motion control market segmentation by component (solutions and services) and geography (North America, Europe, APAC, MEA, and South America). The market report also offers information on several market vendors, including Altra Industrial Motion Corp., Cangro Industries Inc., C-Flex Bearing Co. Inc., Custom Machine and Tool Co. Inc., E and E Special Products LLC, Electromate Inc., Forbes Engineering Sales Inc., MinebeaMitsumi Inc., Poklar Power Motion Inc., and Servo2Go.com Ltd. among others.
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Our Technavio Research categorizes the report belonging to Electrical Equipment Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.
Technavio Research categorizes the global Power Transmission Motion Control Market belonging to the Capital Goods Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.
The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.
Key Power Transmission Motion Control Market Driver
Key Power Transmission Motion Control Market Challenge
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as
Technavio calculates the global electrical components and equipment market size based on combined revenue generated by manufacturers of water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, and others. In addition, renting and leasing electrical components and equipment to end-users such as industrial, commercial, and residential is also considered while deriving the global electrical component and equipment market.
In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.
35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for power transmission motion control in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.
The US and Canada are the major contributors in terms of revenue to the growth of the market. The well-established power transmission motion control manufacturers have a strong market presence in this region. Also, the adoption of automation in North America is higher than in any other region, as there are many end-users, including automotive and aerospace and defense. In North America, consumers prefer personal cars for traveling due to well-laid roads. Also, people in North America spend more time in their cars compared to other regions. Government agencies, including the Environmental Protection Agency (EPA) in the US, are increasingly introducing limits on nitrogen oxide and carbon dioxide emissions, which has led many consumers to switch to EVs. The US is also one of the leading manufacturers of electric vehicles (EVs). The gaining popularity and the increasing production of EVs will drive the growth of the power transmission motion control market in North America during the forecast period.
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The power transmission motion control market share growth by the solutions segment will be significant during the forecast period. Power transmission is the act of transmitting energy from its source to a position where it may be used to accomplish work. Motion control is a subset of automation that is surrounded by systems or subsystems that are involved in moving machine parts in a controlled manner. Belts, motors, bearings, drives, gears, couplings, clutches, brakes, linear motion, pneumatics, and hydraulics encircle it. The increased demand for energy-efficient solutions has fueled the demand for high-precision automated processes. Automated processes help organizations increase productivity and lower product life cycle costs. Thus, automation is expected to grow, which will increase the use of power transmission motion control solutions to minimize energy consumption and increase production.
The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.
Power Transmission Motion Control Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 17.41% |
Market growth 2022-2026 |
$ 284.40 billion |
Market structure |
Fragmented |
YoY growth (%) |
19.97 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, China, Germany, Canada, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Altra Industrial Motion Corp., Cangro Industries Inc., C-Flex Bearing Co. Inc., Custom Machine and Tool Co. Inc., E and E Special Products LLC, Electromate Inc., Forbes Engineering Sales Inc., MinebeaMitsumi Inc., Poklar Power Motion Inc., and Servo2Go.com Ltd. |
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, Market condition analysis for forecast period |
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Component
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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