IMS reports on Chinese motion controls market(13/01/2011)
According to IMS Research, because of high demand for motion control products for machinery, the Chinese general motion controls market is forecast grow to US$1,065 million by 2014, and the CNC motion controls market to US$1,239 million. Research analyst Wilmer Zhou says industry sectors such as machine tools, and textile, rubber & plastics, printing, and packaging & labelling machinery, accounted for nearly 80% of the Chinese motion controls market in 2009 in terms of revenues.