Machinery Production Growth Fuels Recovery of Motion Controls Market

According to the latest statistics from IMS Research the worldwide market for motion controls is predicted to begin a recovery in 2010, with revenues increasing 15.1% over 2009 levels to reach $10.5 billion. Data reported by leading motion controls suppliers indicates that the market was the hardest hit industrial automation electronics equipment market with revenues declining by 25% in 2009. However, the market is predicted to recover slowly, to only regain 2008 revenue levels by 2012.  
The motion controls market relies heavily on global machinery production, with over 95% of motion control product sales going into machinery markets in 2009. Machinery production declined 18.8% globally in 2009, causing the large declines seen by many motion controls suppliers. As machinery orders began to pick up during the last quarter of 2009 and in the first half of 2010, a gradual recovery is predicted for the motion controls market driven by increased demand for machines in several industries.