Motion controls market worth $18,9 billion in 2023
September 2023
News
A recent report by market research firm, Interact Analysis forecasts that the motion controls market will return to steady growth following a period of high demand for consumer products in 2021/2022, which boosted investment in automation. In total, the firm anticipates the global motion controls market will be worth $18,9 billion in 2023, a rise from $17,7 billion last year.
In 2022, the report says China led the APAC region, which accounted for 37% of global motion controls revenues, followed by Europe, the Middle East and Africa (EMEA) at 33%, and Japan and the Americas (16% and 14% respectively).
This year, the report projects that while the Asia-Pacific region (APAC) will remain the largest market, the Americas will show the highest growth rate at 7,4% in 2023. Even so, the firm expects global growth of the sector to fall in 2024 but bounce back in the mid- to long-term. Interact Analysis’ research found that while some vendors were optimistic about the pace of growth, anticipating rates as high as 20%, others were more cautious, anticipating a flat year compared to 2022.
Globally, the Americas is expected to suffer least from the impending market slowdown, with some of the largest industries for motion controls, such as semiconductors and electronics machinery, performing well due to the uplift from the US CHIPS and Science Act. The analyst firm foresees a decline in demand for industrial automation in 2024, due in part to interest rates and high inflation. Even so, the firm forecasts that global motion controls market will grow with a CAGR of 4,6% between 2022 and 2027, increasing from $17,7 to $22,2 billion.
“Siemens continues to dominate the motion controls market with its market share increasing by almost 1% in 2022,” said Alexander Jones, research analyst at Interact Analysis. “Interestingly, Inovance’s market share increased by 0,6% in the same year, making it now the fifth-largest global motion control vendor in the world. In 2018, the company did not even feature in the top 10.”
Further reading:
Navigating global uncertainty through human-centred risk management
News
Global uncertainties are no longer exceptional events, they are the environment in which we work. This reality places new demands on how we manage risk.
Read more...
Africa Automation Indaba 2026: Catalysing a connected, competitive industrial future
News
Africa’s automation and process control landscape is poised for a major milestone with the launch of the Africa Automation Indaba, taking place from
13 to 14 May 2026 at the Radisson Collection Hotel, Waterfront, Cape Town.
Read more...
The unseen crisis in our taps
News
South Africa’s water crisis is no longer looming. It is already here. To move forward, water treatment must become part of a broader infrastructure renewal agenda. This includes decentralised solutions, private-sector innovation and long-term investment.
Read more...
German experts for bulk solids measurement technology join forces
Mecosa
News
MÜTEC Instruments in Germany has acquired DYNA Instruments. the German manufacturer of inline moisture and mass flow measurement systems.
Read more...
Specialised Exhibitions transitions to new name: Montgomery Group Africa
News
As part of a strategic move to streamline operations, strengthen regional alignment and support long-term growth, Specialised Exhibitions has transitioned to a new name: Montgomery Group Africa.
Read more...
RS South Africa and Qhubeka empower learners through the gift of mobility
RS South Africa
News
RS South Africa, in partnership with Qhubeka Charity, is continuing to make a tangible difference in the lives of South African learners through its bicycle donation initiative.
Read more...
A technical partnership that lasts
Omniflex Remote Monitoring Specialists
News
Ian Loudon, international sales and marketing at remote monitoring specialist, Omniflex reflects on the longevity of the partnership with Sasol, the key technology milestones along the way, and the most recent project in South Africa.
Read more...
From the Editor's Desk: The human side of automation
Technews Publishing (SA Instrumentation & Control)
News
Spring is here, holidays are getting closer and there’s a new energy in the air. With this in mind, in this issue we cover the very important topic of ECSA registration. SAIMC’s COO, Gerhard Greeff,
...
Read more...
RS South AfrIca empowers student innovators
RS South Africa
News
RS South Africa is helping young engineers turn ideas into impact.
Read more...
VEGA’s Lunch-and-Learn success in KZN
VEGA Controls SA
News
VEGA has rolled out its new Lunch-and-Learn series to the coastal regions of South Africa, designed to bring practical training and real-world insights directly to engineers and technicians.
Read more...
printer friendly version