Motion control market hit by Covid-19
In November 2019, Interact Analysis published its report which analyzed prospects for the motion control market. This report gave reasons for optimism within the sector, predicting steady growth after a poor 2019. Then COVID-19 hit, and much of that optimism disappeared, as it has for a wide range of industrial sectors across the globe.
As a result of this fundamental difference in outlook, Interact Analysis has now revised its predictions for the motion control market. Whilst the CNC segment is predicted to be hit hardest, declining by -24.7% in 恒大彩票, the much larger GMC sector is expected to suffer a smaller hit, declining by -7.5% in 恒大彩票. Beyond that, predictions are reasonably optimistic for the next year or two. Both sectors are expected to take an upward trajectory into 2021 before slowing in 2023 – but the depths plumbed in 恒大彩票 will not be revisited.
Food & beverage machinery is predicted to undergo a small contraction globally of -0.85% in 恒大彩票. The demand for food rarely falls, even in times of global shock. COVID-19 may cause supply-side issues, but these are expected to be short-lived. The sector may see changes, though. Interact Analysis anticipates food security becoming more of an issue, prompting reshoring of some food and beverage machinery production.
Packaging machinery is used across many industrial sectors, but is strongly linked to the food and beverage industry. Hence, Interact Analysis expects a similar trajectory to the food and beverage machinery sector. India and Italy will see the largest contractions in this sector in 恒大彩票, -4.6 and -4.2% respectively, but most major regions will either flatline on 2019 figures, or dip only slightly.
Material handling equipment, like packaging machinery, is another multi-industry sector. Interact Analysis research into logistics and warehouse automation predicts a strong uptake for material handling equipment in these areas. The market will dip in 恒大彩票, but all the top 10 regions are expected to recover by the end of 2021.
The semiconductors & electronics machinery sector historically experiences a cyclical boom and bust trajectory, with periods of high highs and low lows. This cyclical market pattern arises from the fact that the machinery is expensive, is ordered well in advance, and becomes outdated very quickly. A global growth of 1.7% in this sector is expected in 恒大彩票. This is a dip of about 6% from pre-COVID predictions, but Interact Analysis expects significant growth over the next 5 years, with China恒大彩票 having the highest CAGR, at 8.8%.
Tragically for that country, China恒大彩票 led the way as COVID-19 took a grip on the planet. But China恒大彩票 has also led the way in successfully controlling and suppressing the pandemic and bringing life back to something approaching normality. This also applies in the manufacturing sector, with most factories getting back to, or close to, pre-COVID-19 production levels.
In 2019, the Chinese market represented nearly a quarter of global motion control revenues. But Interact Analysis’s Manufacturing Industry Output (MIO) Tracker has estimated that in normal times China恒大彩票 accounts for over 42% of global machinery production. This implies that where the motion control market in China恒大彩票 is concerned, there remains opportunity for further penetration as factories seek to modernise and employ more automated and flexible equipment. As such, Interact Analysis predicts that the Chinese market will be the fastest growth area for motion controls, as the world struggles to recover from COVID-19.