Globalization and Emerging Economies Drives GMC Market Growth
October 22, 2008 by admin
Filed under Motion Control
Robust investments in manufacturing industries pushed General Motion Control (GMC) market growth worldwide in 2007. While economic expansion is expected to continue, future growth will be at a slower pace. The worldwide market for GMCs is expected to grow at a Compounded Annual Growth Rate (CAGR) of 6.7% over the next five years. The GMC market reached nearly $6.0 billion in 2007 and is forecasted to grow to over $8.2 billion in 2012, according to a new ARC Advisory Group study.
