Market by System (Open-Loop System, Closed-Loop System) Offering (Actuators & Mechanical Systems, Drives, Motors, Motion Controllers, Sensors & Feedback Devices, Software & Services) End-user (Automotive, Aerospace & Defense, Electronics & Semiconductors, Healthcare, Food & Beverages, Metal & Machinery, Paper & Printing, Other End-users) and Country Outlook | Forecast 2024-2032
Triton Market Research’s report infers that the Latin America motion control market is predicted to advance at a CAGR of 4.85% during the forecast years 2024-2032.
Report scope can be customized per your requirements - Request Free Sample Report
Latin America’s industrial landscape is diverse, encompassing automotive, manufacturing, food and beverage, pharmaceuticals, and mining sectors. These industries rely on precise motion control systems for assembly lines, packaging, machinery automation, and material handling. In 2022, the manufacturing sector contributed around 15% to the region’s GDP, as noted by the World Bank. This robust growth has created motion control systems adoption in CNC machines, packaging lines, and material handling systems. This further widens the overall scope of the motion control market across the region.Â
The countries reviewed in this region include:Â
Mexico gains the highest market share, reading $279.41 million in 2023
As noted by the International Federation of Robotics, robotic installations in Mexico soared by 13% in 2022, accounting for 6000 units. The rise in automation elevates the adoption of motion control solutions.Â
Mexico boasts a diverse industrial base encompassing automotive, aerospace, electronics, food and beverage, and manufacturing sectors. These industries heavily rely on motion control systems for precision and efficiency in production.
Proximity to the United States positions Mexico as a strategic hub for manufacturing and distribution. This advantage encourages contenders to increase strategic initiatives to meet global demand. For instance, in November 2023, Bosch Rexroth announced the opening of a new plant in Querétaro, Mexico, to boost the production capacity of hydraulic pumps, motors, valves, transmission units, etc.
Market Forecast for Brazil
The Brazilian government has been offering tax incentives and other financial benefits to encourage companies to invest in Industry 4.0 technologies and adopt automation solutions. This includes programs like the Rota 2030, which aims to promote innovation and competitiveness in the automotive sector. In this regard, motion control systems are essential for merging automation with data analytics and other Industry 4.0 technologies. Besides, the market’s growth is supported by the significant presence of key companies such as Bosch Rexroth, Siemens, Rockwell Automation, and Schneider Electric.
The market report is branched into system, end-user, and offering. The system segment includes closed-loop and open-loop systems.Â
Closed-loop motion control systems continuously monitor and compare the output to a desired reference signal. Sensors provide feedback to adjust the control input, ensuring the actual output matches the intended one. This feedback loop allows the system to correct for disturbances, errors, or environmental changes, achieving greater accuracy and precision.
Contender Analysis in the Motion Control Market:
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision solutions for a wide variety of mobile, industrial, and aerospace sectors. The company also offers products to industries, such as alternative energy, agriculture, aerospace, chemical and refining, construction machinery, food production machinery, industrial machinery, transportation, industrial and commercial refrigeration, etc. Parker operates worldwide with major operations in North America, Europe, Asia-Pacific, and Latin America.Â
In May 2024, Parker-Hannifin, a global leader in motion and control technologies, outlined its strategic direction for future growth and profitability at its 2024 investor meeting, emphasizing ongoing transformation efforts and unveiling new five-year financial targets for fiscal year 2029.
Other major companies offering motion control solutions include Yaskawa Electric Corporation, Omron Corporation, MOOG Inc, and Novanta Inc.Â
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the motion control market revenue growth in Latin America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the LA motion control market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
Market by Type of Robot, Compo ..
VIEW REPORT
Market by Component (Hardware, ..
VIEW REPORT
Market By Payload Type, Compon ..
VIEW REPORT
Market by Technology, Deployme ..
VIEW REPORT
Market by Type, Application, V ..
VIEW REPORT
Market by Type, Component, App ..
VIEW REPORT
Market by System (Open-Loop Sy ..
VIEW REPORT
Market by Payload Capacity, We ..
VIEW REPORT1. LATIN
AMERICA MOTION CONTROL MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE MOTION CONTROL MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
MATURITY ANALYSIS
2.4. SUPPLY
CHAIN ANALYSIS
2.4.1. MANUFACTURING
2.4.2. ASSEMBLY
2.4.3. PRODUCT
TESTING
2.4.4. SYSTEM
2.5. KEY
MARKET STRATEGIES
2.5.1. COLLABORATIONS
2.5.2. ACQUISITIONS
2.5.3. PRODUCT
LAUNCHES
2.6. MARKET
DRIVERS
2.6.1. INCREASING
DEMAND FOR AUTOMATION ACROSS INDUSTRIES
2.6.2. INCREASING
ADOPTION OF ROBOTICS AND INDUSTRY 4.0
2.7. MARKET
CHALLENGE
2.7.1. DIFFICULTY
IN INTEGRATING MOTION CONTROL SYSTEMS INTO EXISTING INDUSTRIAL PROCESSES OR
AUTOMATION SETUPS
2.8. MARKET
OPPORTUNITIES
2.8.1. ADVANCEMENTS
IN MOTION CONTROL TECHNOLOGY
2.8.2. INCREASING
USE OF AI AND MACHINE LEARNING
2.9. ANALYST
PERSPECTIVE
3. LATIN
AMERICA MOTION CONTROL MARKET– BY SYSTEM
3.1. OPEN-LOOP
SYSTEM
3.2. CLOSED-LOOP
SYSTEM
4. LATIN
AMERICA MOTION CONTROL MARKET– BY OFFERING
4.1. ACTUATORS
& MECHANICAL SYSTEMS
4.2. DRIVES
4.3. MOTORS
4.4. MOTION
CONTROLLERS
4.5. SENSORS
& FEEDBACK DEVICES
4.6. SOFTWARE
& SERVICES
5. LATIN
AMERICA MOTION CONTROL MARKET– BY END-USER
5.1. AUTOMOTIVE
5.2. AEROSPACE
& DEFENSE
5.3. ELECTRONICS
& SEMICONDUCTOR
5.4. HEALTHCARE
5.5. FOOD
& BEVERAGES
5.6. METAL
& MACHINERY
5.7. PAPER
& PRINTING
5.8. OTHER
END-USERS
6. LATIN
AMERICA MOTION CONTROL MARKET – BY COUNTRY OUTLOOK
6.1. BRAZIL
6.1.1. BRAZIL
MOTION CONTROL MARKET FORECAST & PROSPECTS
6.2. MEXICO
6.2.1. MEXICO
MOTION CONTROL MARKET FORECAST & PROSPECTS
6.3. REST
OF LATIN AMERICA
6.3.1. REST
OF LATIN AMERICA MOTION CONTROL MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. SIEMENS
AG
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY
STRENGTHS
7.1.4. KEY
CHALLENGES
7.2. SCHNEIDER
ELECTRIC SE
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGES
7.3. EATON
CORPORATION PLC
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY
STRENGTHS
7.3.4. KEY
CHALLENGES
7.4. ROBERT
BOSCH GMBH
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY
STRENGTHS
7.4.4. KEY
CHALLENGES
7.5. ABB
LTD
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY
STRENGTHS
7.5.4. KEY
CHALLENGES
7.6. FANUC
CORPORATION
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY
STRENGTHS
7.6.4. KEY
CHALLENGES
7.7. ROCKWELL
AUTOMATION INC
7.7.1. OVERVIEW
7.7.2. PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGES
7.8. MITSUBISHI
ELECTRIC CORPORATION
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. PARKER-HANNIFIN
CORPORATION
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. YASKAWA
ELECTRIC CORPORATION
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.11. OMRON
CORPORATION
7.11.1. OVERVIEW
7.11.2. PORTFOLIO
7.12. MOOG
INC
7.12.1. OVERVIEW
7.12.2. PORTFOLIO
7.13. NOVANTA
INC
7.13.1. OVERVIEW
7.13.2. PORTFOLIO
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
MOTION CONTROL MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: LIST OF
COLLABORATIONS
TABLE 3: LIST OF
ACQUISITIONS
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LATIN AMERICA MOTION
CONTROL MARKET, BY SYSTEM, 2024-2032 (IN $ MILLION)
TABLE 6: LATIN AMERICA
MOTION CONTROL MARKET, BY OFFERING, 2024-2032 (IN $ MILLION)
TABLE 7: LATIN AMERICA
MOTION CONTROL MARKET, BY END-USER, 2024-2032 (IN $ MILLION)
TABLE 8: LATIN AMERICA
MOTION CONTROL MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 2: MARKET
MATURITY ANALYSIS
FIGURE 3: SUPPLY CHAIN
ANALYSIS
FIGURE 4: LATIN AMERICA
MOTION CONTROL MARKET, BY SYSTEM, 2023 & 2032 (IN %)
FIGURE 5: LATIN AMERICA
MOTION CONTROL MARKET, BY OPEN-LOOP SYSTEM, 2024-2032 (IN $ MILLION)
FIGURE 6: LATIN AMERICA
MOTION CONTROL MARKET, BY CLOSED-LOOP SYSTEM, 2024-2032 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
MOTION CONTROL MARKET, BY OFFERING, 2023 & 2032 (IN %)
FIGURE 8: LATIN AMERICA
MOTION CONTROL MARKET, BY ACTUATORS & MECHANICAL SYSTEMS, 2024-2032 (IN $
MILLION)
FIGURE 9: LATIN AMERICA
MOTION CONTROL MARKET, BY DRIVES, 2024-2032 (IN $ MILLION)
FIGURE 10: LATIN
AMERICA MOTION CONTROL MARKET, BY MOTORS, 2024-2032 (IN $ MILLION)
FIGURE 11: LATIN
AMERICA MOTION CONTROL MARKET, BY MOTION CONTROLLERS, 2024-2032 (IN $ MILLION)
FIGURE 12: LATIN
AMERICA MOTION CONTROL MARKET, BY SENSORS & FEEDBACK DEVICES, 2024-2032 (IN
$ MILLION)
FIGURE 13: LATIN
AMERICA MOTION CONTROL MARKET, BY SOFTWARE & SERVICES, 2024-2032 (IN $
MILLION)
FIGURE 14: LATIN
AMERICA MOTION CONTROL MARKET, BY END-USER, 2023 & 2032 (IN %)
FIGURE 15: LATIN
AMERICA MOTION CONTROL MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ MILLION)
FIGURE 16: LATIN
AMERICA MOTION CONTROL MARKET, BY AEROSPACE & DEFENSE, 2024-2032 (IN $
MILLION)
FIGURE 17: LATIN
AMERICA MOTION CONTROL MARKET, BY ELECTRONICS & SEMICONDUCTOR, 2024-2032
(IN $ MILLION)
FIGURE 18: LATIN
AMERICA MOTION CONTROL MARKET, BY HEALTHCARE, 2024-2032 (IN $ MILLION)
FIGURE 19: LATIN
AMERICA MOTION CONTROL MARKET, BY FOOD & BEVERAGES, 2024-2032 (IN $
MILLION)
FIGURE 20: LATIN
AMERICA MOTION CONTROL MARKET, BY METAL & MACHINERY, 2024-2032 (IN $
MILLION)
FIGURE 21: LATIN
AMERICA MOTION CONTROL MARKET, BY PAPER & PRINTING, 2024-2032 (IN $
MILLION)
FIGURE 22: LATIN
AMERICA MOTION CONTROL MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)
FIGURE 23: LATIN
AMERICA MOTION CONTROL MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 24: BRAZIL
MOTION CONTROL MARKET 2024-2032 (IN $ MILLION)
FIGURE 25: MEXICO
MOTION CONTROL MARKET 2024-2032 (IN $ MILLION)
FIGURE 26: REST OF
LATIN AMERICA MOTION CONTROL MARKET 2024-2032 (IN $ MILLION)