Growth Returns to the Market for Motion Controls in 2014

  Enquire / contact me

Over 6 percent in 2014 to $12.2 billion

Growth Returns to the Market for Motion Controls in 2014
Growth Returns to the Market for Motion Controls in 2014

After declining for two straight years, revenues from the sales of motion-control products are forecast to grow over 6 percent in 2014 to $12.2 billion according to the latest IHS study on the market for motion controls. Still, this would leave the market about 4 percent below the previous peak reached in 2011.

As defined by IHS, the market for motion controls includes general motion control (GMC) and computer numerical control (CNC) servo motors, servo drives, and position control hardware. Note that DC brushless motors are excluded from the scope of this research. Market revenues reached a record high in 2011 following two years of growth in excess of 20 percent. In 2012, the motion-control market suffered from the poor economic situation in the Eurozone, a weak semiconductor market in Japan and the fallout from overproduction in China, causing global market revenues to decline 7.8 percent. Conversely, the American market provided a bright spot for geared products, growing 6.0 percent in 2012.

Revenues in the motion-control market declined for a second straight year in 2013, though the rate of decline slowed to 2.3 percent. The market grew 4.1% in terms of unit shipments, but growth in terms of US dollars was constrained by the weakening of the Japanese Yen, as Japan accounted for over 16% of revenues in the motion control market in 2013. Sales were also constrained by limited demand in the machine tools and semiconductor sectors, which combined to account for over 45 percent of market revenues in 2013.

The outlook for 2014 is more optimistic as growth accelerates in global machinery production. The figure below shows the estimated size of the motion control market by region in 2013 and the growth forecast for 2014. A year of unusually high growth has been observed in Japanese market in 2014, fueled by high growth in machine tool production and sectors related to the production of smart phones and automobiles, which includes electronics assembly, semiconductor machinery, and robotics. The Eurozone returned to economic growth in 2014 after two straight years of GDP declines and motion-control suppliers reported a very strong first half of the year in terms of sales in the EMEA region. Growth in the American market has been boosted by a strong recovery in the semiconductor sector. The Asian GMC market is expected to exceed 2011 levels in 2014 after a second straight year of strong growth, though growth in the Asian CNC market continues to be limited by overcapacity issues in China.

Posted on December 23, 2014 - (174 views)
Related articles
Honeywell Demonstrates Security Threats of USB Devices
A Lab Oscilloscope for an Electric Superbike
US Healthcare Sector Votes for Cogeneration
Motion Solutions for Clean Energy Applications
Freeing up technicians to build an aircraft
Energy Efficiency & Renewable Energy: Harnessing the Power of the Consumer
A New Name for SPS IPC Drives in 2019
Link3D Presents its Technology to Boost Additive Manufacturing at Formnext 2018
Emerson will Modernize a Gas Processing Plant in Algeria
Intelliconnect at Electronica 2018
New JD Mini for Maximum Efficiency
Sensing Innovation in Process and Control
Connect Everything with e-Factory
System-based High Precision Linkages
Ultrasonic Flowmeter for Air
Reflowable Thermal Switch
Mobile, Multi-protocol Diagnostics Mercury
Microscope Optics for IR cameras
Level Switches RFS-9 and RFS-12
Digital Multimeter, Gas Soldering Iron and Carrying Case
Verigo Model PB3 Reusable Temperature Data Logger
Compact Power Modules
Modular Compact CPU Board
Absolute Modular Encoders
Connector for Data Transmission
Mass Flow Controller FMA-2600A Series
High-Performance Box PC
Compact True Color Sensor
A new performance class in inductive displacement measurements
Positioning System
Verigo Model PB3 Reusable Temperature Data Logger
Ultrasonic Flowmeter for Laboratory
Co-Creating the Industry of the Future
Ultra-Low Power Accelerometer for IoT
New JD Mini for Maximum Efficiency
Bonfiglioli BSR Synchronous Reluctance Motors
Reflowable Thermal Switch
Measuring the Position of Hydraulic and Telescopic Cylinders
AI Convention Europe Presents KAPTAIN
Ultrasonic Flowmeters for Compressed Air