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Tim Dawson Administrator
Senior Research Director – UK
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Tim has over 20 years’ experience in technology market intelligence with expertise across a broad range of industrial automation technologies and industries. Tim is now Senior Research Director and Principal Analyst for the Interact Analysis Industrial Technology team, using his considerable experience to develop best-in-class research for the manufacturing sector. 

Interact Analysis recently updated its forecasts illustrating the possible impact of COVID-19 on the motion controls market. The below infographic demonstrates some of the key findings from our report.

As a result of the COVID 19 pandemic the market for motion controls is forecast to decline by -13.0% in 2020 – representing a loss of revenues of nearly $1.6 billion compared to the 2019 result (and representing some $2.5 billion less than was previously projected for 2020, which was teed-up to be a good year before the pandemic hit).”

Full details of the report can be viewed here, and the infographic is also available to download in PDF here.

  • As a result of the COVID-19 pandemic the market for motion controls is forecast to decline by -13.0% in 2020 – representing a loss of revenues of nearly $1.6 billion compared to the 2019 result.
  • Interact Analysis expects:
    • GMC motion controls to contract by 7.5% in 2020.
    • CNC motion controls to contract by 24.7% in 2020.
    • Already coming off a bad year in 2019, CNC motion control products will be particularly hard hit in 2020 as the outlook for metal cutting and metal forming machine tools further worsens.
      • These sectors rely heavily on demand from the automotive, aerospace and metal production sectors, which have been especially hard hit because of the COVID 19 pandemic.
    • The food and beverage machinery, packaging machinery, materials handling and semiconductor & electronics machinery sectors are predicted to be least affected by COVID 19.
      • Hence the lesser decline for GMC motion controls.
  • Despite the sharp decline in 2020, a return to strong double-digit growth is forecast for both 2021 and 2022, which will help the market to exceed its previous peak (2018) in 2022.
  • So by 2023, the total motion controls market is expected to be worth >$13.8bn.
  • As the largest manufacturing region, it might make sense that China would lose the largest value in actual revenue terms. However, Japan and Germany were projected to be more severely impacted as a result of their strong dependence on machine tools, which in each case represented roughly 45% of their motion control markets in 2019.  South Korea and Taiwan will also recover more quickly, with revenues exceeding 2019 levels in 2021.
  • Of the top 10 largest motion control markets, China will recover quickest despite it being expected to shrink by 3.0% in 2020.

 

Posted by Tim Dawson

Tim has nearly 20 years’ experience in technology market intelligence with expertise across a broad range of industrial automation technologies and industries. Tim is now Research Director and Principal Analyst for the Interact Analysis Industrial Technology team, using his considerable experience to develop best-in-class research for the manufacturing sector. Read More