Global motion control shipments contract in first quarter 2013
Shipments of motion controllers and AC drives posted low single digit growth, while support services grew by nearly 15%.
in the NewsState of Logistics 2016: Pursue mutual benefit Holiday season sparks retail import shipments, says Port Tracker Driver turnover rate declines, but challenges remain firmly intact AAR reports annual gains in November for U.S. carload and intermodal volumes CEMA reports October booked orders down 19.8% from October 2015 More News
Global shipments for motion control products fell by 7.7% in first quarter 2013, according to new statistics released by the Motion Control Association (MCA), the industry’s trade group.
“Despite the low numbers in first quarter 2013, we still saw some promising signs,” said Jeff Burnstein, president of MCA. “Book to bill ratios in six of the nine product categories are above one, indicating a strong market with good demand. Additionally, a recent survey of MCA member companies revealed that all respondents believe motion control shipments will either remain flat or increase over the next two quarters. ”
“While the majority of product categories declined in first quarter 2013, there were a few that grew,” said Alex Shikany, MCA director of market analysis. “Shipments of motion controllers and AC drives posted low single digit growth, while support services grew by nearly 15%.”
MCA summarizes market results in quarterly tracking reports and trend analysis reports. These reports examine orders and shipments by major product category quarterly and annually with tables and color graphics. Growth rates and book to bill ratios are provided for each product category. MCA also provides an economic indicator report, which enables report users to interpret quarterly statistics from the standpoint of macro-economic indicators by individual manufacturing industry, as identified by the North American Industry Classification System (NAICS).
All reports are available free of charge to all MCA members. Members providing data for the reports receive “full” versions of the reports, which are highly detailed examinations of order and shipment results. Non-participating members receive “abridged” reports, which contain shipment results. Members find the reports valuable as gauges of overall market performance and as benchmarks for assessing relative company performance.
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
Optimizing home delivery: It takes more than planning 9th Annual Salary Survey: Success and Satisfaction Continue to Reign View More From this Issue