Global shipments for motion control products increased by 13.6% to $858.4 million in 2016, according to new statistics released by the Motion Control & Motor Association (MCMA), the industrys trade group.
(Ann Arbor, Michigan - May 26, 2017) - Global shipments for motion control products increased by 13.6% to $858.4 million in 2016, according to new statistics released by the Motion Control & Motor Association (MCMA), the industrys trade group.
There is also a sense of optimism fueling this market. MCMAs latest survey of leading motion control and motor manufacturers revealed that 70% of respondents believe the market will grow in the next six months, while only 23% expect flat performance and 7% are predicting a decline.
"Were seeing strong growth and in some cases, record growth in investment in automation technologies across all three of our industry groups - motion control, robotics and machine vision," said Dana Whalls, VP of the Association for Advancing Automation (A3), MCMAs parent company. "More companies are using these technologies to reach into new markets, increase productivity and to provide good jobs for their workers," added Whalls. A3 recently released a white paper that explores the jobs created by this increased demand for automation and how these skilled workers are benefiting, download ‘Work in the Automation Age: Sustainable Careers Today and into the Future whitepaper.
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 and pressure curves vs. key economic indicators, which enable report users to interpret quarterly statistics from the standpoint of macro-economic data 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 supply 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 - Advancing Vision + Imaging. MCMA, RIA, and AIA combined represent over 1,000 automation stakeholders from throughout the world. For more information, please visit our websites: MCMA; RIA; AIA; A3.