Overview

The motion control market is anticipated to grow rapidly at a CAGR of  7.09% during the forecast period 2018 to 2023. The global motion control market is driven by the demand for next-generation automated processes in manufacturing and growing integration in an array of manufacturing applications. These factors have helped shape the motion control market and are expected to boost the growth. Companies in the motion control market could also face challenges such as lack of awareness and lack of infrastructure. The details covered in the motion control market report cover all the aspects of the industry. motion control market analysts have also shared growth projections in the report and have suggested motion control market players to plan growth strategies accordingly.

Market Segmentation

The global motion control market has been segmented based on components, application, industry, and technology. On the basis of application, the market for motion control is segmented based on material handling, inspection, and packaging. Additionally, the market on the basis of industry, is segmented into manufacturing, automotive, and healthcare. The global market for motion control is also covered based on the components segment which is further split into drives, controllers, software, and motors. On the basis of technology, the market for motion control is segmented based on pneumatic, electromechanical actuation, and hydraulic.

Factors like rising demand for industrial automation and business process re-engineering support the motion control market growth. The performance of the motion control market has also been studied for the past and current years. Additionally, the motion control market report provides analysis of these segments. The motion control market segmental analysis provided in the report offers major details about the motion control market performance and future.

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Regional Overview

Companies in the motion control market are spread across the world. The motion control market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American motion control market has many companies across the United States, Canada, and Mexico. Europe has companies in the motion control market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the motion control market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The motion control market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the motion control market can be found in the market research report.

Competitive Landscape

The motion control market is supported by mergers and acquisition taking place in the market and presence of key players across many countries. The population growth around the world and increasing demand of motion control market based services and products also support the market growth. However, the motion control market growth can be affected due to high cost of distribution and weak supply chain in some areas. The report covers all such details which will help companies in the motion control market to strengthen their business plan and improve their product portfolio. The motion control market research report also provides company profiles of major companies. The company profile of organizations operating in the motion control market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the motion control market. New entrants and established players can plan their strategies based on this data provided in the motion control market research report.

Industry News

Via a merger with acquisition firm Social Capital Hedosophia Holdings Corp V, one of a series of companies founded by venture capital investor Chamath Palihapitiya, consumer financial services start-up SoFi is going public.  According to the company's announcement, the offer, reported by SoFi, will value the company at $8.65 billion.