Press release
Motion Control Global Market By Type, By System, By Application, By Verticals, By Technology, By Components, By Region Forecast To 2032 | ABB Ltd., Fanuc Corporation, Siemens AG, Yaskawa Electric Corporation, Altra Industrial Motion
Motion Control Market
The Business Research Company's Motion Control Global Market Report 2023 identifies The surging adoption of automation in manufacturing facilities is expected to propel the growth of the motion control market going forward. Automation refers to the use of technology such as robots to automate tasks without manual intervention. Many industries are adopting motion-control robots to achieve maximum automation and efficiency in operations.
The global motion control market size is expected to grow from $15.16 billion in 2022 to $16.00 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motion control market is expected to grow to $19.53 billion in 2027 at a CAGR of 5.1%.
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Major competitors in the Motion Control market are ABB Ltd., Fanuc Corporation, Mitsubishi Electric Corporation, Siemens AG, Yaskawa Electric Corporation, Altra Industrial Motion, Parker Hannifin Corporation, Rockwell Automation Inc., Robert Bosch GmbH, Dover Motion, Omron Corporation, Novanta Inc., AMETEK Advanced Motion Solutions, and Galil Motion Control.
Product innovation is the key trend that is gaining popularity in the motion control market. Major companies operating in the motion control market are focused on developing new technological solutions to strengthen their position in the market.
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The Motion Control market is segmented -
• By Type: Computerized Numeric Control, General Motion Control, Servo Drives, Position Control Hardware
• By Component: Actuators and Mechanical Systems, Motion Controllers, Electric Drives, AC Motors, Sensors, and Feedback Devices
• By Application: Metal Cutting, Metal Forming, Material Handling Equipment, Robotics, Semiconductor Machinery, Rubber and Plastics, Machinery, Other Applications
• By Industry: Aerospace and Defense, Automotive, Semiconductor and Electronics, Metals and Machinery Manufacturing, Food and Beverages, Medical, Printing and Paper, Pharmaceuticals and Cosmetics, Other Industry
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Motion Control market.
The Business Research Company's "Global Motion Control Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Motion Control Market Include:
1. Executive Summary
2. Motion Control Market Characteristics
3. Motion Control Market Trends And Strategies
4. Motion Control Market - Macro Economic Scenario
5. Motion Control Market Size And Growth
.....
26. Africa Motion Control Market
27. Motion Control Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Motion Control Market
29. Motion Control Market Future Outlook and Potential Analysis
30. Appendix
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