BUOYANT OUTLOOK FOR MOTION CONTROLS.London, 1994...--(BUSINESS WIRE)--Despite severe trading conditions, the US$2.6 billion (1993) European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. market for motion controls has weathered the economic recession and looks set to grow throughout the decade, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new report from international market research publisher, Frost & Sullivan. "The economic recession has lasted longer than expected," says Frost & Sullivan, "and the biggest surprise of all was the economic downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. in Germany - by far the largest market for motion control products - but, despite this, the market outlook is still extremely encouraging." The market is forecast to grow at a compound annual growth rate (CAGR CAGR See: Compound Annual Growth Rate ) of 13.8 per cent through to 1999, when demand should total US$5.6 billion. Despite the setback setback In architecture, a steplike recession in the profile of a high-rise building. Usually dictated by building codes to allow sunlight to reach streets and lower floors, the building must take another step back from the street for every specified added height interval. in the economy, Germany remains by far the largest market for motion controls, with sales worth over US$1 billion in 1993 and forecast to approach US$2.3 billion by 1999. The next largest markets of France, Italy and the UK are dwarfed by comparison with France being about one third the size of the German market. Spain continues to be the fastest growing market, with Frost & Sullivan forecasting a CAGR of 16 per cent between 1993 and 1999. Italy, the Benelux and the smaller European markets are clustered close behind with CAGRs ranging between 14.5 and 15 per cent. In terms of product categories, digital controllers are by far the largest revenue earner, accounting for almost 25 percent of the market in 1993. This will remain the fastest growing product sector and is forecast to be worth nearly US$1.45 billion by 1999. Servo An electromechanical device that uses feedback to provide precise starts and stops for such functions as the motors on a tape drive or the moving of an access arm on a disk. support components, worth US$453 million were the next largest 1993 product sector, followed by micropositioning systems and stepping motors worth US$386 million and US$290 million respectively. The industrial automation end-user segment generates by far the greatest demand for motion control products, accounting for 37.5 per cent of the market. Robotics robotics, science and technology of general purpose, programmable machine systems. Contrary to the popular fiction image of robots as ambulatory machines of human appearance capable of performing almost any task, most robotic systems are anchored to fixed positions , space/aeronautical, military and automotive are the next most significant end-user markets. Robotics is the fastest growing end-user category with a CAGR of 16 per cent, forecast through to the end of the decade. While many motion control manufacturers increased their sales revenues in 1993, profit margins were generally much tighter. "As end-user markets become more competitive," says the report, "motion control markets have, by necessity, become more critical and analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. in every aspect of their business from production, through marketing, to administration." "Increased efficiency and cost-effectiveness cost-effectiveness pertaining to cost-effective. cost-effectiveness analysis a comparison of the relative cost-efficiencies of two or more ways of performing a task or achieving an objective. have frequently been realised by trimming unprofitable operations or low profit margin centres of business." "This has inevitably involved cutbacks in the corporate workforce and the majority of motion control manufacturers have considerably fewer employees today than they had a few years ago," concludes Frost & Sullivan. Frost & Sullivan is an international high-technology research firm. All Frost & Sullivan reports are based on extensive interviews with marketing and technical experts from selected companies in each market segment. Primary research is validated val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. by thorough analysis of available secondary research. Frost & Sullivan is the leading publisher worldwide of high-technology research reports. Report: 1899-40 Publication Date: 1994 Price: $3950 CONTACT: For further information please contact: Amy Arnell Kristina Menzefricke Nadge Keryhuel Mountain View London Paris (415) 961-9000 44 71 730 3438 33 1 4742 9127 (415) 961-5042(fax) 44 71 730 3343 33 1 4742 9129 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
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