Wednesday 11 March 2015, Amsterdam
The new report recognizes the following companies as the key players in the Motion Control Market in North America: ABB Ltd., Parker Hannifin, Rockwell Automation Inc., Siemens AG and Yaskawa Electric Corp.
Other Prominent Vendors in the market are: Advanced Motion Controls, Aerotech, Ametek, Canon, Delta Electronics, Emerson Electric and Moog.
Commenting on the report, an analyst from the report's team said: “At present, many vendors are developing robotic arms for their motion control systems. The field of mechatronics is highly prevalent these days as it cuts down the implementation costs of a motion control system. Vendors are integrating mechatronics into their motion control components to maintain efficiency at a reduced price.”
According to the report, the need for quality and efficiency in production and manufacturing as well as the need for cost-effectiveness in operations act as major drivers for the growth of this market in the region.
Further, the report states that one of the major challenges in the market is the high cost of motion control systems, which makes them unaffordable for small industries. There is a high customer switching cost, which affects the growth of motion control systems. The intense rivalry that exists in the market makes it difficult for the players to stay in the competition.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.