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Motion Controls Market to Exceed $15 billion by 2023

Among the sectors helping drive a more positive outlook for motion controls are food and beverage machinery, packaging machinery, robotics, and material handling equipment

Interact Analysis Motion Controls graph
A new market report, “Motion Controls – 2019,” from Interact Analysis points to strong growth in the motion controls market over the next four years.

Market intelligence firm Interact Analysis has released a new market report, “Motion Controls – 2019,” which points to strong growth in the motion controls market over the next four years. Despite a small decline of -3.8% in 2019, the report estimates the motion control market will grow significantly moving forward, exceeding $15 billion in 2023. The report also notes that the motion control market will outpace the growth of global manufacturing production from 2020 onward. This positive outlook holds true despite the struggles currently facing machine tool vendors which—as the single largest consumer of motion control products—generated over a third of motion control revenues in 2018.

Among the sectors helping drive a more positive outlook for motion controls are food and beverage machinery, packaging machinery, robotics, and material handling equipment, especially for warehouse automation and intralogistics. Together these sectors generated just under a quarter of total motion control revenues in 2018 and are forecast to account for closer to 30% in 2023.

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