PUBLISHER: TechNavio | PRODUCT CODE: 1491566
PUBLISHER: TechNavio | PRODUCT CODE: 1491566
The motion control market is forecasted to grow by USD 5696.1 mn during 2023-2028, accelerating at a CAGR of 6.03% during the forecast period. The report on the motion control market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the integration of motion control systems with digital drives, the increasing number of fulfillment centers, and the growing automation of processing plants.
Technavio's motion control market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.59% |
CAGR | 6.03% |
Incremental Value | $5696.1mn |
ByApplication
ByProduct
ByGeography
This study identifies the growing adoption of IoT in the motion control industry as one of the prime reasons driving the motion control market growth during the next few years. Also, the increasing need for compact motion controllers and the advent of quality 4.0 will lead to sizable demand in the market.
The report on the motion control market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading motion control market vendors that include ABB Ltd., ACS Motion Control Ltd., ADVANCED Motion Controls, Aerotech Inc., Beckhoff Automation GmbH and Co. KG, Delta Computer Systems Inc., Dover Motion, Eaton Corp. Plc, Galil Motion Control, Kollmorgen Corp., Mitsubishi Electric Corp., Moog Inc., Nanotec Electronic GmbH and Co. KG, OMRON Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp.. Also, the motion control market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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