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Motion Control Market Share

Report ID: GMI8056
Published Date: Feb 2024
Report Format: PDF

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Motion Control Market Share

Siemens and ABB Ltd. hold a significant market share of over 8% in the motion control industry. These prominent players in the motion control industry employ various strategies to fortify their positions. One common approach is continuous innovation, with a focus on developing advanced motion control technologies to meet evolving market demands. Strategic partnerships and collaborations with other industry players or technology providers enhance the development and integration of comprehensive solutions.

Expansion into emerging markets, particularly in Asia Pacific, allows companies to tap into growing industrial sectors. Additionally, a strong emphasis on customer-centric strategies, such as providing comprehensive technical support and training, fosters long-term relationships and builds brand loyalty. Companies also invest in research and development, ensuring their products align with industry standards and regulations, further solidifying their competitive edge in the dynamic market.

Motion Control Market Companies

Major players operating in the motion control industry are:

ABB
Allied Motion Technologies Inc.
Emerson Automation Solutions
Honeywell
Omron Corporation
Parker Hannifin Corporation
Rexnord Corporation
Rockwell Automation
Schneider Electric
Siemens

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Motion control industry size reached USD 20.3 billion in 2023 and is set to expand at over 5.5% CAGR between 2024 and 2032 driven by escalating automation and industrialization across the globe.

Motors control market from the motions and drives segment generated more than USD 9 billion in revenue in 2023 and is anticipated to witness high demand up to 2032 due to the increasing need for precision and efficiency in various industries.

Asia Pacific surpassed 45% revenue share of the motion control industry in 2023 owing to rapid industrialization, increasing manufacturing activities, and the burgeoning demand for automation.

Some of the top motion control firms include ABB, Allied Motion Technologies Inc., Emerson Automation Solutions, Honeywell, Omron Corporation, Parker Hannifin Corporation, Rexnord Corporation, Rockwell Automation, Schneider Electric, and Siemens.