IMS reports drivers for Chinese motion control market
According to a report from IMS Research, “The Chinese Market for Motion Controls – 2010,” the high demand for motion control products used in end equipment and machine will expand the Chinese general motion controls market to US$1.065 billion by 2014 and the CNC motion control market to US$1.239 billion.
According to a report from market researcher IMS Research (Shanghai, China), “The Chinese Market for Motion Controls – 2010,” the high demand for motion control products used in end equipment and machine will expand the Chinese general motion controls (GMC) market to US$1.065 billion by 2014 and the CNC motion control market to US$1.239 billion.
“Industry sectors such as machine tools; and textile, rubber and plastics; printing; and packaging and labeling machinery accounted for nearly 80% of the Chinese motion controls market in 2009 in terms of revenues,” says Wilmer Zhou, market research analyst at IMS Research. “These industries use many motion control products, and will continue to dominate the Chinese motion controls market in the coming years.”
Although the electronics, electronics assembly, and semiconductor machinery markets experienced a decline in 2009, they have rebounded in 2010, as demand for semiconductor and electronics products has recovered. Sales of motion controls to this sector are forecast to continue to grow strongly over the longer term. Sectors such as food, beverage, and tobacco, and medical and scientific equipment, which are closely related to stable consumer markets, were less affected during the economic downturn.
Another market driver is the increasing utilization of motion controls in new applications and industries. With OEMs becoming more familiar with motion control products, motion controls are increasingly being used in non-traditional sectors. Although such industries represent only a small portion of the motion control market, they offer opportunities for small and medium-sized motion control suppliers to establish business. For example, in the last two years, some newcomers have achieved growth in wind-power pitch system applications and pumping unit solutions. Other industries in this group include glass working machinery, material transformation machinery, material handling equipment, paper and paperboard machinery, renewable energy, and woodworking machinery.
SOURCE: IMS Research
-- Posted by Vision Systems Design