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Stock impact report

Global Motion Control Market Forecast Report 2024-2029: A USD 21.6 Billion Market by 2029, with 5.5% CAGR - Growing Adoption of Automation Across Various Manufacturing Processes to Drive M...

Regal Rexnord Corporation (RRX) 
Company Research Source: Yahoo! Finance
Systems, Drives, Motors, Motion Controllers, Sensors & Feedback Services, Software & Services), System (Open-loop, Closed-loop), End-user Industry and Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The motion control market is estimated to be worth USD 16.5 billion in 2024 and is projected to reach USD 21.6 billion by 2029 at a CAGR of 5.5% during the forecast period. The global Motion Control Market is experiencing substantial growth as businesses strive to enhance efficiency and productivity, the integration of motion control systems becomes crucial for precise control over machinery and automated processes. Additionally, a significant impetus comes from government initiatives aimed at promoting workplace safety, where motion control plays a pivotal role in ensuring controlled and secure movement of machinery. The growing recognition of the benefits associated with automation, coupled with a heightened focus on creating safer work environm Show less Read more
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