Globalization and Emerging Economies Drives GMC Market Growth
October 22, 2008 by admin · Leave a Comment
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.
