Published Date: 3-Feb-2021
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According to a new report North America Motion Control Market, published by KBV research, the North America Motion Control Market would witness market growth of 3.5% CAGR during the forecast period (2020-2026).
The US market dominated the North America Open Loop Motion Control Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 7.6% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 6.7% during (2020 - 2026).
The Motors market dominated the Canada Motion Control Market by Component 2019, growing at a CAGR of 4.3 % during the forecast period. The Actuators & Mechanical systems market would showcase a CAGR of 4.9% during (2020 - 2026). Additionally, The Motion Controllers market is anticipated to witness a CAGR of 6.7% during (2020 - 2026).
The Automotive market dominated the Mexico Motion Control Market by End User 2019, thereby, achieving a market value of $74.7 million by 2026. The Food & Beverage market is exhibiting a CAGR of 6.1% during (2020 - 2026). The Semiconductor & Electronics market is estimated to grow at a CAGR of 4.1% during (2020 - 2026). Additionally, The Medical, Pharmaceuticals & Cosmetics market is expected to witness a CAGR of 6.3% during (2020 - 2026).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, Robert Bosch GmbH, Mitsubishi Electric Corporation, Parker-Hannifin Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Omron Corporation, FANUC Corporation and Yaskawa Electric Corporation.
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