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Motion Control Market Poised for Strong Growth in China
Sep 13, 2010
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In 2009 revenues from the Chinese GMC (general motion controls) market grew 24% over 2008, according to IMS Research. Total (GMC and CNC) revenues are forecast to grow from US$1.3 billion in 2009 to $2.3 billion in 2014 for a compound annual growth rate (CAGR) of 12.1%.

China's 4 trillion RMB stimulus package in early 2009 provided significant financing to manufacturers in various industries, and the capital helped state-owned and private companies install more advanced production lines in 2009 and the first half of 2010. This increased demand for automation equipment led to higher demand for motion control products.

Consumer spending was also ramped up by Chinese government policies such as “Home Appliances to Rural Places," “Automobiles to Rural Places," and “New-Replacing-Old Auto & Home Appliances.”

“The strong recovery seen in the Chinese motion control market is mainly driven by two reasons: high demand for motion control products used in end-equipments; and increasing utilization of industrial automation products such as servo systems in many machinery sectors,” said IMS Research Analyst Wilmer Zhou, author of the report.

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