Canada Motion Control Market Size & Outlook, 2023-2030

The motion control market in Canada is expected to reach a projected revenue of US$ 1,042.4 million by 2030. A compound annual growth rate of 7.9% is expected of Canada motion control market from 2024 to 2030.
Revenue, 2023 (US$M)
$613.5
Forecast, 2030 (US$M)
$1,042.4
CAGR, 2024 - 2030
7.9%
Report Coverage
Canada

Canada motion control market highlights

  • The Canada motion control market generated a revenue of USD 613.5 million in 2023 and is expected to reach USD 1,042.4 million by 2030.
  • The Canada market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
  • In terms of segment, closed-loop system was the largest revenue generating system in 2023.
  • Closed-loop System is the most lucrative system segment registering the fastest growth during the forecast period.


Motion control market data book summary

Market revenue in 2023USD 613.5 million
Market revenue in 2030USD 1,042.4 million
Growth rate7.9% (CAGR from 2023 to 2030)
Largest segmentClosed-loop system
Fastest growing segmentClosed-loop System
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOpen-loop System, Closed-loop System
Key market players worldwideABB Ltd, Siemens AG, Schneider Electric SE, Mitsubishi Electric Corp, Rockwell Automation Inc, YASKAWA Electric Corp, OMRON Corp, Fuji Electric Co Ltd, Parker Hannifin Corp, Fanuc Corp, Bosch, Celera Motion


Other key industry trends

  • In terms of revenue, Canada accounted for 3.7% of the global motion control market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. motion control market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 1,042.4 million by 2030.

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Motion Control Market Companies

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Canada motion control market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to motion control market will help companies and investors design strategic landscapes.


Closed-loop system was the largest segment with a revenue share of 51.38% in 2023. Horizon Databook has segmented the Canada motion control market based on open-loop system, closed-loop system covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Canada motion control market databook

  • Our clientele includes a mix of motion control market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada motion control market , including forecasts for subscribers. This country databook contains high-level insights into Canada motion control market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada motion control market size, by system, 2018-2030 (US$M)

Canada Motion Control Market Outlook Share, 2023 & 2030 (US$M)

Canada motion control market size, by system, 2018-2030 (US$M)

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