Increases
in demand for motion control products in manufacturing, as well as the
growing shift of machinery production to Southeast Asia is expected to
deliver a total compound annual growth rate (CAGR) of 7.5% by 2017 to
affiliated countries.
According to the report "The
Southeast Asia Market for Motion Controls – 2013" from IHS, the
Southeast Asian general motion controls (GMC) market is forecast grow to
more $90 million by 2017, and the computer numerical control (CNC)
motion controls market to more than $70 million.
The
food and beverage and packaging machinery sectors are not expected to
see any negative effects of the economic downturn, allowing the sectors
to provide sustainable growth opportunities to motion control products
over the upcoming years.
Singapore and Malaysia
are currently leaders in semiconductor equipment and electronic
machinery manufacturing, with Thailand, Philippines and Vietnam being
primary end-users of this equipment. “Industry sectors such as
semiconductor, electronic and electronic assembly, machine tools,
packaging, rubber and plastics, accounted for more than 80% of the
Southeast Asian motion controls market in 2012 in terms of revenue,”
said Wilmer Zhou, senior market research analyst for IHS. “These
industries use many motion control products, and will continue to
dominate the South East Asia motion controls market in the coming
years.”
Since the decline in 2009 and 2010 to the
electronics and electronics assembly and semiconductor markets, the
sectors rebounded back in 2011, placing Southeast Asia high in
semiconductor and electronics production ranking. Much of China's
production has been lost to Indonesia, Vietnam and the Philippines due
to rising product costs. These three countries have provided stable
groundwork for motion control sales long-term.
Automotive
manufacturing and related industries, such as machine tools and
plastics and rubber are also utilizing motion controls which in turn are
driving demand.
Thailand produced 5.245 million
motor vehicles in 2012, housing well known automakers, assemblers and
parts manufacturers such as Ford, General Motors, BMW, Daimler-Chrysler,
Mitsubishi, Mazda, Toyota, Honda and Nissan.
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Source: http://en.ofweek.com/news/Manufacturing-Demands-Drive-Southeast-Asian-Motion-Controls-Market-401
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