Global shipments for motion control products increased by five percent to $2.4 billion in the first nine months of 2016, according to new statistics released by the Motion Control & Motor Association (MCMA), the industry’s trade group.
(Ann Arbor, Michigan - December 1, 2016) - Global shipments for motion control products increased by five percent to $2.4 billion in the first nine months of 2016, according to new statistics released by the Motion Control & Motor Association (MCMA), the industry's trade group.
MCMA sees the market's strong performance reflected in the growth of its membership and networking events. In October, MCMA reached a new membership milestone with 222 member companies from across the globe. The trade group also concluded its annual Technical Conference (TechCon) in New Orleans, which drew record attendance and featured the debut of MCMA's Certified Motion Control Professional (CMCP) program. The three day event drew users, OEMs, distributors, and manufacturers of all sizes who were interested in learning about the latest in motion control, motors, and network systems technologies.
MCMA summarizes market results from suppliers and distributors in quarterly tracking reports and trend analysis reports. These reports examine orders and shipments by major product category quarterly and annually with helpful tables and graphics. Growth rates and book to bill ratios are provided for each product category. MCMA also provides an economic indicator report, which enables report users to interpret quarterly statistics from the standpoint of macro-economic indicators by individual manufacturing industry, as identified by the North American Industry Classification System (NAICS).
Reports are available free of charge to all MCMA members. Members providing data for the reports receive "full" versions of the reports, which are highly detailed examinations of order and shipment results. Non-participating members receive "abridged" reports, which contain shipment results. Members find the reports valuable as gauges of overall market performance and as benchmarks for assessing relative company performance. To learn more about MCMA, visit Motion Control Online.
The Motion Control & Motor Association (MCMA) is a not-for-profit trade group dedicated to promoting the global innovation and growth of motion control and motor technologies through the entire value chain. Its members include suppliers of raw and finished materials, manufacturers of motors and motion control components and systems, system integrators, distributors, end users, consulting firms, academic institutions and research groups directly involved with motion control around the world. MCMA is part of the Association for Advancing Automation (A3).
About Association for Advancing Automation (A3)
The Association for Advancing Automation is the global advocate for the benefits of automating. A3 is the umbrella group for the Motion Control & Motor Association (MCMA), Robotic Industries Association (RIA), and AIA - the vision and imaging association. MCMA, RIA, and AIA combined represent 990 automation stakeholders from throughout the world. For more information, please visit our websites: MCMA; RIA; AIA; A3.