Machinery production slows: Stepper sales boosted by medical, commercial markets

Growth in the medical equipment and commercial markets will help to buoy the stepper systems market as machinery cools.

09/13/2012


IHS has acquired IMS ResearchFollowing two historic growth years, the market for stepper systems is expected to feel the cooling trend observed in machinery production output, with stepper systems sales forecast to slow from 4.3% growth in 2012 to 3.8% in 2013 according to IMS Research, recently acquired by IHS Inc. Bucking this trend, stepper sales to the medical equipment and commercial markets are gaining momentum with 2013 expectations set to outpace current performance.

Industrial machinery represents the largest user of stepper systems, accounting for nearly 70% of stepper sales in 2011. Thus the steppers market is closely tied to machinery production output, which rebounded strongly after the recession. While machinery production grew 16.7% in 2010 and 12.4% 2011, the economic crisis in Europe and China’s cooling economy is slowing industrial output, and growth in this stepper systems market is forecast at 3.5% in 2013.

Stepper systems chart. Source: IMS Research (IHS Inc.)

Growth in the medical equipment and commercial markets will help to buoy the stepper systems market as machinery cools. Although the stronger growth of steppers in medical equipment forecast at 6% for 2012 is expected to continue in 2013, this market only represents 16% of the total steppers market in 2011.

The even smaller commercial steppers market will benefit from the increased adoption and upgrading of security equipment in banking, city surveillance and traffic monitoring. Stepper system sales to the security sector are picking up steam, with forecasted growth of 3.3% in 2012 followed by 3.5% in 2013.  

IMS Research Analyst Michelle Figgs explained, “Stepper systems are sold into a variety of applications and the forecasted market growth reflects this. As machinery production slows with the worldwide economy, the steppers market will be negatively impacted, but this will be partially offset by the strength of the medical equipment and commercial markets. Therefore the total stepper market is forecast to slow, but to a lesser extent than machinery production output.”



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
Each year, a panel of Control Engineering editors and industry expert judges select the System Integrator of the Year Award winners.
Control Engineering Leaders Under 40 identifies and gives recognition to young engineers who...
Learn more about methods used to ensure that the integration between the safety system and the process control...
Adding industrial toughness and reliability to Ethernet eGuide
Technological advances like multiple-in-multiple-out (MIMO) transmitting and receiving
Virtualization advice: 4 ways splitting servers can help manufacturing; Efficient motion controls; Fill the brain drain; Learn from the HART Plant of the Year
Two sides to process safety: Combining human and technical factors in your program; Preparing HMI graphics for migrations; Mechatronics and safety; Engineers' Choice Awards
Detecting security breaches: Forensic invenstigations depend on knowing your networks inside and out; Wireless workers; Opening robotic control; Product exclusive: Robust encoders
The Ask Control Engineering blog covers all aspects of automation, including motors, drives, sensors, motion control, machine control, and embedded systems.
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
News and comments from Control Engineering process industries editor, Peter Welander.
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
This is a blog from the trenches – written by engineers who are implementing and upgrading control systems every day across every industry.
Anthony Baker is a fictitious aggregation of experts from Callisto Integration, providing manufacturing consulting and systems integration.
Integrator Guide

Integrator Guide

Search the online Automation Integrator Guide
 

Create New Listing

Visit the System Integrators page to view past winners of Control Engineering's System Integrator of the Year Award and learn how to enter the competition. You will also find more information on system integrators and Control System Integrators Association.

Case Study Database

Case Study Database

Get more exposure for your case study by uploading it to the Control Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.

These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.

Click here to visit the Case Study Database and upload your case study.