Growth returns to the market for motion controls in 2014
After declining for two years, revenues from the sales of motion-control products are forecast to grow more than 6% in 2014 to $12.2 billion, according to the latest IHS study on the market for motion controls. This leaves the market about 4% below the previous peak reached in 2011.
Motion control, CNC, servos, position control
As defined by IHS, the market for motion controls includes general motion control (GMC) and computer numerical control (CNC) servo motors, servo drives, and position control hardware. Note that DC brushless motors are excluded from the scope of this research. Market revenues reached a record high in 2011 following two years of growth in excess of 20%. In 2012, the motion-control market suffered from the poor economic situation in the Eurozone, a weak semiconductor market in Japan and the fallout from overproduction in China, causing global market revenues to decline 7.8%. Conversely, the American market provided a bright spot for geared products, growing 6% in 2012.
Revenues in the motion-control market declined for a second year in 2013, though the rate of decline slowed to 2.3%. The market grew 4.1% in unit shipments, but growth measured by U.S. dollars was constrained by the weakening of the Japanese Yen, as Japan accounted for over 16% of revenues in the motion control market in 2013. Sales also were constrained by limited demand in the machine tools and semiconductor sectors, which combined to account for over 45% of market revenues in 2013.
Global machinery production
The outlook for 2014 is more optimistic as growth accelerates in global machinery production. The figure below shows the estimated size of the motion control market by region in 2013 and the growth forecast for 2014. A year of unusually high growth has been observed in Japanese market in 2014, fueled by high growth in machine tool production and sectors related to the production of smart phones and automobiles, which includes electronics assembly, semiconductor machinery, and robotics.
The Eurozone returned to economic growth in 2014 after two straight years of GDP declines and motion-control suppliers reported a very strong first half of the year in sales in the EMEA region. Growth in the American market has been boosted by a strong recovery in the semiconductor sector. The Asian GMC market is expected to exceed 2011 levels in 2014 after a second year of strong growth, though growth in the Asian CNC market continues to be limited by overcapacity issues in China.
Similar growth is expected at the global level in 2015, with the global market forecast to increase by 6.7% to reach $13.1 million in revenues. This would represent a new record high, exceeding the 2011 peak by 2.4%.
– IHS is a CFE Media content partner. Edited by Joy Chang, digital project manager, Control Engineering, firstname.lastname@example.org