Motion control market showing steady growth in 2023
The global motion controls market is expected to be worth almost $19 billion in 2023 and reach $22 billion by 2027.
Motion control insights
- The Asia-Pacific (APAC) region remains the largest market in the world for motion controls.
- The Americas region is forecast to experience highest growth in 2023 and remain most resilient in 2024, while Japan is predicted to suffer the largest decline.
- Siemens continues to dominate the motion controls market, with Japanese vendors seeing a small decline in market share in 2022.
研究分析显示运动反对交互trols market will return to steady growth following a period of high demand for consumer products in 2021/2022 which boosted investment in automation. In 2022, the market was worth $17.7 billion. Although the APAC region is the largest market for motion controls, the Americas will show the highest growth rate in 2023 of 7.4%. Global growth will fall in 2024 but is expected to bounce back in the mid- to long-term.
2022年,亚太地区,尤其是中国,再保险mained the largest market for motion controlsm accounting for 37% of global revenues. EMEA was responsible for 33% of the world market, followed by Japan and Americas, which accounted for 16% and 14% of the market respectively. In 2023, the global motion controls market will be worth $18.9 billion. However, Interact Analysis’ research found that while some vendors were optimistic about the pace of growth, anticipating rates as high as 20%, others were more cautious, anticipating a flat year compared to 2022. Globally, the Americas is expected to suffer last from the impending market slowdown, with some of the largest industries for motion controls, such as semiconductors and electronics machinery, performing well due to the uplift from the CHIPS and Science Act.
In the long term, growth for the motion controls market will remain steady, but it is expected to decline in 2024 in line with the next economic downward trend, as predicted by ITR Economics. Interest rates and high inflation will to continue to impact the demand for industrial automation and Japan is set to see the sharpest drop in growth. Between 2022 and 2027 the global motion controls market will grow with a CAGR of 4.6%, increasing from $17.7 to $22.2 billion. Japan will have the strongest recovery overall, with an average growth rate of 6.9% out to 2027.
In 2023, the global motion controls market will be worth $18.9 billion and reach $22 billion by 2027. Courtesy: Interact Analysis
Alexander Jones, research analyst at Interact Analysis, said on the market,“Siemens continues to dominate the motion controls market with its market share increasing by almost 1% in 2022. Interestingly, Inovance’s market share increased by 0.6% in the same year – making it now the fifth largest global motion control vendor in the world – in 2018 the company did not even feature in the top 10.”
–Interact Analysisis a CFE Media and Technology content partner.
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