In 2023, the sports control market was worth 18.9 billion US dollars, with the largest market share in China, accounting for 37%.

Aug 15, 2023

In 2023, the sports control market was worth 18.9 billion US dollars, with the largest market share in China, accounting for 37%. 

July 26, 2023- The latest research by global market intelligence company Interact Analysis shows that after the high demand period for consumer products in 2021/2022 drove automation investment, the motion control market will return to stable growth. In 2022, the market value was 17.7 billion US dollars. Although the Asia Pacific region is the largest motion control market, the Americas region will show the highest growth rate in 2023, reaching 7.4%. Global economic growth will decline in 2024, but is expected to rebound in the medium to long term.

In 2022, the Asia Pacific region, especially China, remains the largest motion control market, accounting for 37% of global revenue. Europe, the Middle East, and Africa account for 33% of the global market, followed by Japan and the Americas, accounting for 16% and 14% respectively. In 2023, the global motion control market value will reach 18.9 billion US dollars. However, the study by Interact Analysis found that although some suppliers are optimistic about the growth rate, with an expected growth rate of up to 20%, others are more cautious and are expected to remain flat compared to 2022. On a global scale, the Americas are expected to suffer the most severe impact. The upcoming market slowdown has seen some of the largest motion control industries, such as semiconductors and electronic machinery, perform well due to the boost from the Chip and Science Act.

In the long run, the growth of the motion control market will remain stable, but as predicted by ITR Economics, it is expected to decline by 2024, consistent with the next economic downturn trend. Interest rates and high inflation will continue to affect the demand for industrial automation, and Japan's growth will experience the largest decline. From 2022 to 2027, the global motion control market will grow at a compound annual growth rate of 4.6%, from $17.7 billion to $22.2 billion. Japan's overall recovery is the strongest, with an average growth rate of 6.9% by 2027.

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      Adleman Limited is a control system components company,which located in Xiamen,a beautiful coastal city.

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