Motion Control Drive Market Growth Accelerates: Strategic Forecast Predicts $9.93 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Motion Control Drive Industry Market Size Be by 2025?
There has been a significant expansion in the size of the motion control drive market in recent years. The market is projected to witness growth from $6.95 billion in 2024 to $7.47 billion in 2025, showing a compound annual growth rate (CAGR) of 7.5%. The historical surge in growth can be credited to factors such as a higher demand for compact drives, the expansion of fulfillment centers, a heightened focus on enhancing production quality and accuracy, and the emergence of Industry 4.0.

What's the Long-Term Growth Forecast for the Motion Control Drive Market Size Through 2029?
The market size for motion control drives is set to experience robust expansion in the coming years, and it is predicted to reach $9.93 billion by 2029 with a compound annual growth rate (CAGR) of 7.4%. The growth during the prediction period can be credited to the increasing adoption of automation across various industries, a rise in demand for robots, the expansion of the logistics sector, E-commerce growth, and IoT proliferation. Significant trends for the forecast period are comprised of innovative technologies, IoT integration, a growing emphasis on energy efficiency, the advent of cloud-based motion, and the integration of AI.

View the full report here:
https://www.thebusinessresearchcompany.com/report/motion-control-drive-global-market-report

What Are the Key Growth Drivers Fueling the Motion Control Drive Market Expansion?
The surge in automation utilization within manufacturing is projected to spur the expansion of the motion control drive market in the future. Automation signifies the exploitation of technology, machinery, or systems to execute tasks with limited human participation. It represents the employment of technology to supervise and regulate processes, lessening the necessity for constant human management and escalating efficiency, precision, and uniformity. The surge in embracing automation within manufacturing emanates from the escalating requirement for efficiency, productivity, and quality control, the growing necessity for customized goods, and addressing labor deficiencies and supply chain disturbances. Motion control drives are vital components in the automation of manufacturing methodologies that amplify precision, efficiency, adaptability, and safety, contributing to augmented productivity, reduced costs, and superior quality in manufacturing operations. For example, in May 2023, as stated by the International Federation of Robotics, a non-profit organization based in Germany, industrial robot installations in manufacturing amplified by 12% as a whole in 2022, amounting to 41,624 units. Consequently, the surge in embracing automation in manufacturing propels the motion control market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16124&type=smp

What Are the Key Trends Driving Motion Control Drive Market Growth?
To cater to the increasing need for precision, efficiency, and adaptability in various industrial automation systems, chief businesses in the motion control drive market are concentrating on innovating products like the distributed servo. This type of motion control system situates the servo drive electronics near or within the servo motor, instead of being centralized in a control cabinet. For example, Rockwell Automation, an American firm that produces motion control drives, unveiled the ArmorKinetix Distributed Servo Drive, a compact distributed servo drive, in July 2023. This state-of-the-art drive has an on-machine design that enhances production machines' efficiency, adaptability, and cost-effectiveness. Equipped with advanced analytics, efficient installation processes, and integrated security features, this drive is an ideal choice for manufacturers aiming to maximize output and minimize expenses.

How Is the Motion Control Drive Market Segmented?
The motion control drive market covered in this report is segmented -

1) By Type: AC Drives, DC Drives, Servo Drives, Other Types
2) By Precision: Very High Precision, High Precision, Standard
3) By End-User: Semiconductor And Electronics Manufacturing, Food And Beverage, Aerospace And Defense, Automotive, Paper And Printing, Pharmaceuticals, Metals And Machinery Manufacturing, Other End-Users

Subsegments:
1) By AC Drives: Low Voltage AC Drives, Medium Voltage AC Drives, High Voltage AC Drives
2) By DC Drives: Brushed DC Drives, Brushless DC Drives
3) By Servo Drives: Linear Servo Drives, Rotational Servo Drives
4) By Other Types: Programmable Drives, Stepper Motor Drives

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16124&type=smp

Which Companies Are Leading the Charge in Motion Control Drive Market Innovation?
Major companies operating in the motion control drive market are Robert Bosch GmbH, Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, Fuji Electric Co. Ltd., Nidec Motor Corporation, Parker Hannifin Corp, MOVENSYS Inc., Emerson Electric Co, Delta Electronics Inc., Danfoss Inc., Rockwell Automation Inc., Advanced Micro Controls Inc., OMRON Corporation, Keyence Corporation, Fanuc Corporation, HIWIN Corporation, Regal Rexnord Corporation, SEW-EURODRIVE, YASKAWA Electric Corporation, Moog Inc., Altra Industrial Motion Corp., Kollmorgen, Sanyo Denki Co. Ltd., Harmonic Drive Systems, Allied Motion Inc., Technosoft Motion, Beckhoff Automation

Which Regions Are Leading the Global Motion Control Drive Market in Revenue?
North America was the largest region in the motion control drive market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the motion control drive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16124

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.