The worldwide market for general motion control systems increased by a double-digit percentage since the last analysis for base year 2009, according to a new ARC Advisory Group study. Suppliers who endured as much as 50% declines in business during the downturn reported a tremendous rebound in shipments. This renewed growth, first felt in Asia, progressively extended to Europe and North America as well.
The market for general motion control systems was driven by the retooling occurring across a broad swath of industries. “The value proposition for motion control is now well recognized in the machine building market. It has now become an imperative to offer highly automated machinery to offset labor costs and deliver quality products,” according to Research Director Sal Spada, the principal author of ARC’s “General Motion Control Worldwide Outlook”.
Several dominant industries drove the market intensely in 2010. The semiconductor and automotive industries combined to drive this recovery. Specifically, the semiconductor industry had a tremendous uptick in capital spending in both the front end and back end operations. Motion control companies that have specialized in this industry experienced nearly triple digit growth in their business. The retooling of the automotive industry enabled many in the general machinery market to increase their machinery output. The market was driven by the sheer demand for new capital equipment.
Learn more about ARC’s “General Motion Control Worldwide Outlook”