Global Motion Control Market in Midst of Record Year in 2014
Ann Arbor, Michigan – Global shipments for motion control products grew by nine percent to $2.3 billion in the first nine months of 2014, according to new statistics released by the Motion Control Association (MCA), the industry’s trade group.
“The strong growth in the market is impacting the entire automation industry. We’re seeing this reflected in the large increase of exhibitors and floor space at our upcoming Automate trade show (March 23-26, 2015 at McCormick Place in Chicago, Illinois)”, said Dana Whalls, Vice President of MCA. “Overall, the show is already 56% larger and motion control specific exhibitors are currently up 209% over the last show as motion control suppliers look to help more companies reap the benefits of adding automation technologies.”
“We’ve seen growth in each statistical category year to date,” said Alex Shikany, MCA Director of Market Analysis. “Through September, the strongest growth has been in the AC Motors category, at 59%. Sales of motion controllers have continued to rise and are up 36% over the same period last year. Motors, the largest statistical category, has grown seven percent, while actuators and mechanical systems are up 12%.”
Individually, the third quarter of 2014 followed a good first half with 14% growth to $794 million. The main growth categories for the third quarter were AC motors (101%), motion controllers (35%), and actuators/mechanical systems (20%).
MCA’s most recent survey of motion control manufacturers revealed that 59% of respondents believe that total shipments of motion control products will remain flat in the next six months, 38% believe the market will increase, and three percent expect it to decline.
MCA summarizes market results from suppliers and distributors in quarterly tracking reports and trend analysis reports. These reports examine orders and shipments by major product category quarterly and annually with helpful tables and graphics. Growth rates and book to bill ratios are provided for each product category. MCA also provides an economic indicator report, which enables report users to interpret quarterly statistics from the standpoint of macro-economic indicators by individual manufacturing industry, as identified by the North American Industry Classification System (NAICS).
All reports are available free of charge to all MCA members. Members providing data for the reports receive “full” versions of the reports, which are highly detailed examinations of order and shipment results. Non-participating members receive “abridged” reports, which contain shipment results. Members find the reports valuable as gauges of overall market performance and as benchmarks for assessing relative company performance. To learn more about MCA, visit Motion Control Online. To learn more about the Automate Show, visit AutomateShow.com.
The Motion Control Association (MCA) is a global not-for-profit trade group dedicated to promoting the understanding and use of motion control technologies and developing business opportunities for mechanical and electronic (mechatronics) motion control companies. Its members include manufacturers of complete motion control systems, component manufacturers, system integrators, distributors, end users, consulting firms, academic institutions and research groups directly involved with mechanical and electronic (mechatronics) motion control around the world. MCA is part of the Association for Advancing Automation (A3).
About Association for Advancing Automation (A3)
The Association for Advancing Automation is the global advocate for the benefits of automating. A3 is the umbrella group for the Motion Control Association (MCA), Robotic Industries Association (RIA), and AIA – the vision and imaging association. MCA, RIA, and AIA combined represent 750 automation stakeholders from throughout the world. For more information, please visit our websites: A3; MCA; RIA; AIA.