Global motion control shipments shrink in 2015
Last year global shipments declined by 3.9 percent to $2.9 billion.
When it comes to motion control products, 2015 proved to be a challenge. According to statistics by the Motion Control & Motor Association (MCMA), last year global shipments declined by 3.9 percent to $2.9 billion.
“In 2015 the motion control market experienced a modest decline from 2014 due to a slowing manufacturing sector late in the year and contractions in a few main product categories,” said Alex Shikany, MCMA Director of Market Analysis.
Shikany explains that three of the largest categories — Electronic Drives (-8.1 percent), AC Drives (-7.4 percent), and Motion Controllers (-1.4 percent) — decreased on a year over year basis. However, the report also shows that the largest segment, Motors (2.6%), saw modest growth in 2015.
The fourth quarter of 2015 decreased on a year over year basis by 7.3 percent to $709 million. Despite the decline, smaller categories such as AC Motors (98.6 percent) and Support Services (47.2 percent) saw growth in the fourth quarter over the previous year.
“MCMA is celebrating their 10th year in 2016. In just this last year we’ve welcomed about one hundred new member companies. This is partially due to our merger with SMMA, an association that focused on motor manufacturers and served a similar audience,” said Dana Whalls, MCMA Vice President. “Now we’ll be focusing on ensuring that our market data reports have the real and reliable data that all of our members need. We invite anyone interested in these reports to participate – simply call or email Alex Shikany.”
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.