Motion Control Market Share 2021 Growth, Top Manufacturers, Dynamics, Drivers, Research Methodology Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Motion Control Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Motion Control Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

Global Motion Control Market Analysis 2020-2027

Motion control systems include various components including motors, drives, motion controllers, and sensors, and feedback devices. These motion control systems are used in every end-user industry including semiconductor, packaging, automotive, food, and beverage, form part of this study. The global motion control market is anticipated to achieve a CAGR of 3.82% throughout the forecast period, i.e. 2020-2027.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Factors such as growing automation across various industries such as automotive, electronics and others, an increasing number of projects by manufacturing companies and its growing demand across various industries, opportunities generated by the rising concerns regarding industrial safety, growing demand for industrial robots and the growing demand for motion control systems in the automotive industry are anticipated to promote towards the growth of the global motion control market.

Additionally, increasing adoption of industrial robots in end-user industries, followed by the potential of industrial robots to aid in manufacturing processes of various industries such as automotive industry and customization in machinery, the shift in the trend of industries for automation of processes and the increasing adoption of robots across manufacturing industries are some of the factors anticipated to drive the growth of the global motion control market.

The global motion control market consists of various segments that are segmented by component, application, end-user, and by region. The application segment is further sub-divided into metal fabrication, conveyor system, packaging, material handling, and others. Out of these, the conveyor system segment held the largest market share of 28.01% in the year 2018 and is expected to cross a value of USD 5.12 billion by the end of 2027 by registering at a CAGR of 3.94% during the forecast period. Additionally, the packaging segment is anticipated to grow with the highest CAGR of 4.16% during the forecast period.

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“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Based on the region, the global motion control market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is primarily driven by nations such as the United States and Canada. The market in the region held a value of USD 2.33 billion in the year 2018 and is anticipated to cross a value of USD 3.35 billion.

Market Analysis of Top Companies:

Some of the affluent industry leaders in the global motion control market are Parker Hannifin Corp, Rockwell Automation, Inc., ABB Ltd., Siemens AG, Ametek Advanced Motion Solutions, Emerson Electric Co., Yaskawa Electronics Corporation, Gears & Winches, Kohara Gear Industry Co., Ltd. and Accurate Specialties Inc.

Competitive Analysis:
The Global Motion Control Market report examines the competitive scenario by analyzing key players in the market. The company profiling of leading market players is included in this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits, and the overall revenue generated by the key players of the Market.

Key points covered in this report:

  • The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
  • The import and export details along with the consumption value and production capability of every region are mentioned in the report.
  • Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.
  • The report provides the clients with the facts and figures about the market on the basis of the evaluation of the industry through primary and secondary research methodologies.

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Answered to The Frequently Asked Questions:

What Is the Scope of The Report?
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

What Are The Key Segments In The Market?

  • By product type
  • By End User/Applications
  • By Technology
  • By Region

Which Market Dynamics Affects The Business?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

Key Topic Covered in this Report

  • Market Growth Opportunities
  • Leading Market Players
  • Market Size and Growth Rate
  • Market Growth Drivers
  • Company Market Share
  • Market Trends and Technological
  • Impact Analysis of COVID-19 Pandemic on The Global Market

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About Kenneth Research:

Kenneth Research is a multi-client market research report selling agency that aids business professionals to strategize their business plans for future expansion. With the help of the presence of a large database of syndicated market research reports, along with the scope for report customization, the platform provides a wide opportunity to industry professionals to achieve their end objectives. Kenneth Research offers its services to a scattered level of industries, including consumer goods and food, healthcare, information and communication technology, energy and power and chemical among others.

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