MARKET INTRODUCTION
The demand for motion control is on the rise with the advent of automation and safety-enabled productivity in industries. Also, the ease of use associated with motion control systems and the integration of components is fueling the market growth. The Asia Pacific region is expected to hold the largest share during the forecast period on account of the high demand for high-level automatic equipment and automatic machines. The favorable government policies are also supporting the growth in this region.
MARKET DYNAMICS
The motion control market is anticipated to grow in the forecast period owing to driving factors such as surging demand for industrial robots in the manufacturing process, coupled with the adoption of automated processes for factory automation. However, the high cost associated with replacement and maintenance may impede the growth of the motion control market during the forecast period. On the other hand, the emerging fourth industrial revolution is likely to create significant opportunities for the key players active in the motion control market in the future.
MARKET SCOPE
The "Global Motion Control Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of motion control market with detailed market segmentation by component, application, industry vertical, and geography. The global motion control market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading motion control market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global motion control market is segmented on the basis of component, application, and industry vertical. Based on component, the market is segmented as motors, motion controllers, sensors, electric drives, AC drives, and others. On the basis of the application, the market is segmented as converting, packaging, material handling, assembly/disassembly, metal fabrication, positioning, and others. The market on the basis of the industry vertical is classified as automotive, aerospace & defense, electronics & semiconductor, food & beverages, oil & gas, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global motion control market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The motion control market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting motion control market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the motion control market in these regions.
MARKET PLAYERS
The reports cover key developments in the motion control market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from motion control market are anticipated to lucrative growth opportunities in the future with the rising demand for motion control in the global market. Below mentioned is the list of few companies engaged in the motion control market.
The report also includes the profiles of key motion control companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Ltd.
- Bosch Rexroth AG
- Dover Motion
- Eaton Corporation
- Kollmorgen Corporation
- Moog Inc.
- Parker-Hannifin Corp
- Rockwell Automation, Inc.
- Schneider Electric SE
- Yaskawa Electric Corp
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.