Press release
Motion Control Market Size - Industry Share Report 2022
Motion Control Market
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“Motion control market expected to exhibit significant growth potential between 2016 and 2022”
The motion control market is expected to grow at a CAGR of 5.5% between 2016 and 2022 to reach USD 22.84 billion by 2022. The key driving factors for the growth of the motion control market are adoption of advanced and automated processes for factory automation, safety-enabled productivity in industries, increasing demand for industrial robots in manufacturing processes, and ease of use and integration of components within motion control systems. However, high replacement and maintenance cost is the major factor restraining the growth of this market.
“Motors expected to hold a major share of the motion control market during the forecast period”
Motors are expected to hold a major share of the market by 2022. The growing use of electric motors and automation has resulted in the greater demand for energy-efficient electric motors. Motors find wide application in aircraft, aircraft turbines, compressors and pumps, guided missiles, factory and industrial automation, and other motion control operations.
“Packaging application expected to hold the largest size of the motion control market”
The packaging application is expected to hold the largest size of the motion control in 2016. Packaging involves number of applications such as sealing, labeling, case packing, bundling, shrinking wrappers, and indexing tables of products. In labeling, the packages require precise tension and position control which requires motion control technology such as motion controllers and drives.
Breakdown of the profiles of primary participants for the report has been given below:
• By Company Type: Tier 1—46%, Tier 2—24%, and Tier 3—30%
• By Designation: C-Level Executives—42%, Directors—38%, andOthers—20%
• By Region: North America—38%, Europe—20%, APAC—36%, and RoW—6%
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Key players include:
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
• ABB Ltd.
• Parker Hannifin Corporation
• Rockwell Automation
• Schneider Electric Se
• Siemens AG
• Altra Industrial Motion Corporation
• Bosch Rexroth AG
• Dover Motion
• Moog Inc.
• Yaskawa Electric Corporation
Research Coverage:
The research report on the global motion control market covers different segments, namely, component, application, industry, and geography. The market has been segmented on the basis of component into actuators and mechanical systems, AC drives, electric drives, AC motors, motors, motion controllers, sensors and feedback devices, and others. On the basis of application, the motion control market has been classified into assembly/disassembly, converting, inspection/measuring, material handling, metal fabrication, packaging, positioning, and slicing, shearing, and cutting. The report covers the following industries: aerospace and defense, automotive, semiconductor and electronics, metal and machinery manufacturing, food and beverages, medical, printing and paper, furniture and wood, plastic and rubber, energy, textile, oil and gas, and others. The report covers four major geographical regions, namely, North America, Europe, APAC, and RoW.
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