Global Motion Control Market Report 2023: Poised for Substantial Growt, Projected at $23.4 Billion by 2030 - Surging Demand for Automation and Precision Manufacturing to Amplify Market Prospects

Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Global Motion Control Market 2030, by Product Type, System, Industry, Application and Region - Partner & Customer Ecosystem Competitive Index & Regional Footprints" report has been added to's offering.

The Motion Control Market is undergoing significant innovation, with projections of the industry growing from USD 15.7 Billion in 2022 to reach USD 23.4 Billion by 2030, advancing at a CAGR of 5.3%. A comprehensive research publication, now available, delves into the multifaceted growth expected across product types, systems, industries, applications, and geographical regions.

Industry giants such as ABB Ltd., FANUC Corporation, Parker Hannifin Corporation, Rockwell Automation, Inc., and Siemens AG are at the forefront of this expansion, propelling the integration of motion control technologies in diverse sectors. The comprehensive report provides invaluable insights into the competitive landscape, technological innovations, and market dynamics shaping the future of motion control systems.

Surging Demand for Automation and Precision Manufacturing to Amplify Market Prospects

From the automotive sector to medical device production, the necessity for precision and efficiency is driving demand for motion control technologies. The market research highlights the vital role of these systems in enhancing production quality and productivity. With sustainable, energy-efficient manufacturing practices gaining precedence, motion control systems are seen as instrumental in reducing environmental impact and optimizing resource use.

The burgeoning automotive and machinery industries, particularly in Germany, are expected to demonstrate impressive sales growth. Similarly, North America is witnessing rapid market expansion, underscored by the increasing adoption of robotic automation across sectors.

Diversification and Competition: Key to Achieving Market Leadership

Facing a landscape of rapidly evolving market demands and technologies, the report elucidates strategies employed by key industry players. Companies within this space can gain a robust competitive edge by leveraging detailed market share analysis, company profiles, and insights into strategic developments such as mergers, acquisitions, and product launches.

From an impact analysis of market drivers and constraints to identifying high-growth applications and segments, the report provides a multi-dimensional view of the Motion Control Market. Stakeholders can craft targeted strategies to capitalize on the forecasted growth potential across regions and industry verticals.

For companies and investors eyeing to strengthen their position in the Motion Control Market, the research serves as an indispensable tool. It sheds light on the fluctuating dynamics and offers a clear pathway to tap into the revenue expansion possibilities projected for the coming years.

In conclusion, this exhaustive market analysis is positioned to guide market players through the intricacies of the Motion Control Market, ensuring well-informed decision-making and strategic positioning in an increasingly competitive landscape.

Market Segmentation and Regional Insights

  • Motion Control Market by Product Type: Including motors, drives, actuators, sensors, and feedback devices.
  • By System: Closed-loop and open-loop systems.
  • By Industry: Aerospace & Defense, Automotive, Semiconductor & Electronics, among others.
  • By Application: Covering metal cutting, material handling, robotics and more.
  • By Geography: An in-depth exploration of market dynamics across North America, Latin America, Europe, Asia Pacific, and the Rest of the World.

Companies Mentioned

  • ABB Ltd.
  • FANUC Corporation
  • Parker Hannifin Corporation
  • Rockwell Automation, Inc.
  • Siemens AG
  • Yaskawa Electric Corporation
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • Altra Industrial Motion Corp.
  • Novanta Inc.

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