According to the latest report from The Motion Control Association's (MCA), the first quarter of 2011 show a year over year growth for the fifth consecutive quarter.
The reports shows that during the first quarter of 2011, orders were up 29% percent and shipments grew to 26.9%
There has been significant growth across all product categories monitored by the Motion Control Association, including motion controllers, electronic and AC drives, motors, actuators and mechanical systems, sensors, other ancillary components and support & services.
Paul Kellett, Director of Market Analysis at MCA says that these first quarter statistics show a solid growth within the industry.
Jeff Burnstein, MCA President, remains optimist for the motion control market. "Our members continue to see new business opportunities from a wide range of customers and industries," said Burnstein.
MCA summarizes market results in both its quarterly tracking reports and trend analysis reports. These reports examine orders and shipments by major product category quarterly and annually with both 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 detailed examinations of order and shipment results. Non-participating members receive "abridged" reports, which contain shipment results.
To learn more about MCA, visit www.MotionControlOnline.org