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Motion control market to rebound in 2013

Posted: 14 Jan 2013 ?? ?Print Version ?Bookmark and Share

Keywords:motion control market? servo products? machine builders?

According to IMS Research, the global motion control market this year is seen to bounce back with revenue growth of nearly five per cent urged by recovery of the Chinese market but limited by the continued Eurozone recession. Last year, sales of motion control products dropped in China as a result of overcapacity, posting about 1.9 per cent decline compared to 2011, added the market research firm.

In recent years, the global motion controls market grew strongly with revenues increasing more than 20 per cent in both 2010 and 2011 to reach an estimated value of $13.1 billion. IHS analyst Michelle Figgs said, "The biggest surprise in 2012 is the extent of the contraction in the Chinese motion control market, where revenues are forecast to decline an estimated 16.5-18.5 per cent. Reduced order rates have resulted from overcapacity concerns and conservative buying patterns from machine builders."

Sales of low-end servo products in China have been most affected, impacting the Chinese and Japanese suppliers who rely heavily on this market. The market for high-end servo products is more stable.

In the rest of Asia, excluding Japan, revenues from sales of motion control products are projected to grow by more than five per cent in 2012. "Growth will be driven by the Indian, South Korean and Taiwanese markets," added Figgs. "However, the total Asian market (excluding Japan) is forecast decline by nearly 10 per cent because China accounts for the majority of revenues."

The motion control markets in the Americas, EMEA and Japan are projected to maintain revenue growth in 2012, though at much lower rates than what was observed in the prior two years. The American market is the fastest growing, with growth projected at 4.2 per cent, followed by the EMEA market at 1.6 per cent. Due to a struggling semiconductor industry, the Japanese motion control market is projected to grow only 0.5 per cent in 2012.





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