Global motion control rebounds, robots become the second largest market

The global motion control product market declined significantly in 2015 and showed solid growth in 2016, with hardware revenue exceeding $10.8 billion and control system software revenue exceeding $21 million. Industry analysts predict that the motion control market will continue to grow, maintaining a compound growth rate of 4.4% between 2016 and 2021, and reaching a total revenue of $13.4 billion in 2021.

In 2016, the market performance of general motion control GMC and computer numerical control CNC was different. Driven by different end market demands, the global GMC market increased by 5% to reach 6.9 billion US dollars.However, the CNC market contracted by 2.9% to $3.9 billion, mainly due to themachine toolSales are sluggish.

The Asian motion control market was affected by the depreciation of the RMB and the appreciation of the Japanese yen, and the performance of the user industry was particularlymechanicalThe industry has a strong influence on the motion control market. The machine tool market (including metal cutting and metal forming) generates a motion control market totaling more than 4.1 billion US dollars. The industry is expected to grow at a rate of 3.8%, which will be slower than the market. The overall level.

Global motion control rebounds, robots become the second largest market

CNC systems are dominated by downstream machine tools, and this segment will grow at a CAGR of 4.2% through 2021, while GMC will grow at a CAGR of 4.5%.

IHS predicts motion control inRobotThe industry’s sales will surpass the packaging machinery industry to become the world’s second largest market, and is expected to achieve $1.4 billion in revenue in 2021. Robotics revenue is the fastest growing, with an expected CAGR of 13.3% from 2016 to 2021.

Global motion control rebounds, robots become the second largest market

Analysts believe that demand growth for motion control products will come from industries such as food and beverage, material handling, medical equipment, optoelectronic equipment and semiconductor machinery, while traditionalautomationSectors such as textile machinery, paper and board machinery, printing machinery and rubber/plastic machinery face various challenges which will cause them to grow at a slower rate than the market average.

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Published on 09/09/2022