Globalization and Emerging Economies Drives Growth
This study is a comprehensive in-depth analysis of the General Motion Control (GMC) market, including market size and segmentation, market forecast, industry structure, and supplier market shares and profiles.
The turbulence in the global market effectively put a damper on the GMC market around the third quarter in 2008. The report discusses how this situation severely impacted the global GMC market, with orders in the automotive and machinery markets caving in during the latter part of 2008 and continuing the downward spiral in the first half of 2009. However, the increased use of automation by manufacturers is vital due to the environment created by globalization and will fuel GMC market growth.
Motion control suppliers continue to make technological advancements to satisfy the demand for higher precision and faster machinery. The applications and associated industries in which motion control is used remain extremely diverse, leading to application-specific strategies.
This study identifies growth segments and market trends, as well as challenges suppliers face to achieve growth in a very fragmented market landscape. While every world region will experience growth over the forecast period, there are significantly different factors affecting the market. In addition to the quantitative assessment, this study provides an insightful analysis that will impact this business in the future.
Strategic Issues
Automation is increasingly more vital as manufacturers continue to face challenges to compete in the global economy. This scenario creates immense opportunities for all GMC suppliers. However, the automation market dynamics for suppliers also remain extremely competitive. The challenge in the market landscape is how GMC suppliers can differentiate themselves. This study will help to offer strategies, such as:
- How to create opportunities after the recent slowdown based on long-term trends
- How to form intimate relationships with OEM machine builders
- The importance of offering motion-centric PAC
- How to differentiate with features and application-specific functionality