Asia Pacific Motion Control Market Size & Outlook, 2024-2030
The motion control market in Asia Pacific is expected to reach a projected revenue of US$ 11,269.5 million by 2030. A compound annual growth rate of 6.2% is expected of Asia Pacific motion control market from 2024 to 2030.
The Asia Pacific motion control market generated a revenue of USD 7,421.0 million in 2023.
The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
In terms of segment, closed-loop system was the largest revenue generating system in 2023.
Closed-loop System is the most lucrative system segment registering the fastest growth during the forecast period.
Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
Market revenue in 2023
USD 7,421.0 million
Market revenue in 2030
USD 11,269.5 million
Growth rate
6.2% (CAGR from 2023 to 2030)
Largest segment
Closed-loop system
Fastest growing segment
Closed-loop System
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Open-loop System, Closed-loop System
Key market players worldwide
ABB Ltd, Siemens AG, Schneider Electric SE, Mitsubishi Electric Corp, Rockwell Automation Inc, YASKAWA Electric Corp, OMRON Corp, Fuji Electric Co Ltd, Parker Hannifin Corp, Fanuc Corp, Bosch, Celera Motion
Other key industry trends
In terms of revenue, Asia Pacific region accounted for 44.6% of the global motion control market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
North America is the fastest growing regional market and is projected to reach USD 4,512.7 million by 2030.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Motion Control Market Outlook will help companies and investors design strategic landscapes.
Closed-Loop System was the largest segment with a revenue share of 51.52% in 2023.
Horizon Databook has segmented the Asia Pacific motion control market based on open-loop system, closed-loop system covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific Motion Control Market System Outlook (Revenue, USD Million , 2018-2030)
Open-loop System
Closed-loop System
Asia Pacific Motion Control Market Offerings Outlook (Revenue, USD Million , 2018-2030)
Actuators & Mechanical Systems
Drives
Motors
Motion Controllers
Sensors & Feedback Devices
Software & Services
Asia Pacific Motion Control Market Application Outlook (Revenue, USD Million , 2018-2030)
Metal Cutting
Metal Forming
Material Handling
Packaging
Robotics
Others
Asia Pacific Motion Control Market Industry Vertical Outlook (Revenue, USD Million , 2018-2030)
Electronics & Semiconductor
Logistics
Automotive
Healthcare
Food & Beverage
Paper & Printing
Aerospace & Defense
Others
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Target buyers of Motion Control Market Outlook databook
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Motion Control Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Motion Control Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Motion Control Market, 2018-2030 (US$M)