Global shipments for motion control products increased by 10.3% to $3.3 billion in 2016, according to new statistics released by the Motion Control & Motor Association (MCMA).
“New opportunities in automation for motion control and motors help drive this growth,” says Dana Whalls, vice president of MCMA. “Automation technologies are enabling rapid growth in the manufacturing industry. We see this trend continuing through 2017.”
“The top three largest segments in this market – motors (9.6% to $1.2 billion), electronic drives (10.5% to $603.1 million), and actuators & mechanical systems (19.5% to $572.1 million) – increased on a year over year basis, helping drive the overall growth. The smaller AC motors segment grew the fastest at 24.3% to $34.3 million,” says Alex Shikany, MCMA director of market analysis.
Individually, the fourth quarter of 2016 also increased on a year over year basis by 15.3% to $841.7 million. Growth rates were positive in each product category MCMA tracks. www.motioncontrolonline.org
Explore the March 2017 Issue
Check out more from this issue and find your next story to read.
Latest from Aerospace Manufacturing and Design
- Piper Aircraft Inc. achieves AS9100 Certification
- Kyocera SGS' KGZ precision cut-off solutions
- Bridging the Skills Gap: A Solution for Today’s Labor Shortage
- Molex to acquire AirBorn
- Nano Dimension's Exa 250vx digital light processing (DLP) 3D printer
- IMTS 2024 Booth Tour: Fagor Automation Corp.
- How Robotics and Automation are Transforming Manufacturing
- Wichita State’s NIAR delivers fiber metal laminate test panel to FAA