Southeast Asian Motion Controls Market Expansion

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Southeast Asian Motion Controls Market Expansion
Southeast Asian Motion Controls Market Expansion

The Southeast Asian general motion controls (GMC) market is forecast grow to more $90 million by 2017, and the computer numerical control (CNC) motion controls market to more than $70 million, with a total compound annual growth rate (CAGR) of 7.5 percent from 2012 to 2017. The growth will be driven by the increasing demand for motion control products used in manufacturing, along with the gradual shift of machinery production to Southeast Asia, according to new report entitled "The South East Asia Market for Motion Controls - 2013" from information and analytics provider IHS.
If South East Asia were a single entity, it would rank as the eighth largest economy in the world, with a population of more than 600 million people, or 8.8 percent of the world's citizens. Sectors such as food and beverage and packaging machinery, which are closely tied to the booming consumer markets in Southeast Asia, will be less affected during the economic downturn and ultimately will drive demand for motion controls products, providing substantial growth opportunity.

Posted on August 23, 2013 - (265 views)
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