IMS says Stepper Sales Slowing |

IMS says Stepper Sales Slowing

IMS says Stepper Sales Slowing

September 3, 2012 - Following two historic growth years, the market for stepper systems is expected to feel the cooling trend observed in machinery production output, with stepper systems sales forecast to slow from 4.3 percent growth in 2012 to 3.8 percent in 2013 according to IMS Research.  Bucking this trend, stepper sales to the medical equipment and commercial markets are gaining momentum with 2013 expectations set to outpace current performance.

Industrial machinery represents the largest user of stepper systems, accounting for nearly 70 percent of stepper sales in 2011. Thus the steppers market is closely tied to machinery production output, which rebounded strongly after the recession. While machinery production grew 16.7 percent in 2010 and 12.4 percent 2011, the economic crisis in Europe and China’s cooling economy is slowing industrial output, and growth in this stepper systems market is forecast at 3.5 percent in 2013.

Growth in the medical equipment and commercial markets will help to buoy the stepper systems market as machinery cools. Although the stronger growth of steppers in medical equipment forecast at 6 percent for 2012 is expected to continue in 2013, this market only represents 16 percent of the total steppers market in 2011.  

The even smaller commercial steppers market will benefit from the increased adoption and upgrading of security equipment in banking, city surveillance and traffic monitoring. Stepper system sales to the security sector are picking up steam, with forecasted growth of 3.3 percent in 2012 followed by 3.5 percent in 2013. 

IMS Research Analyst Michelle Figgs explains, “Stepper systems are sold into a variety of applications and the forecasted market growth reflects this. As machinery production slows with the worldwide economy, the steppers market will be negatively impacted, but this will be partially offset by the strength of the medical equipment and commercial markets. Therefore the total stepper market is forecast to slow, but to a lesser extent than machinery production output.”

About The World Market for Stepper Systems report
The World Market for Stepper Systems presents highly detailed statistics on the industrial and commercial markets for rotary stepper motors, stepper drives, and integrated lead screw stepper motors. For reach major region (Americas, Asia and EMEA), the market is segmented by product type, industry sector, and sub-region. Technical analysis is provided for the world market. Data is presented as revenues, unit shipments and average selling prices, with a base year of 2011 and forecasts through 2016. Revenue based market shares are presented for 2011. With over 300 pages examining the trends, market sectors, and competitive environment, this report offers insight into which regions and industry sectors are propelling market growth.

About IMS Research
IMS Research, recently acquired by IHS (NYSE: IHS), is a leading supplier of market research and consultancy to over 2500 clients worldwide, including most of the world’s largest technology companies. Established in the UK in 1989, IMS Research now has dedicated analyst teams focused on the factory automation, automotive, communications, computer, consumer, display, financial & ID, LED & lighting, medical, power & energy, solar PV, smart grid and security markets.  Currently publishing over 350 different syndicated report titles each year, these in-depth publications are used by major electronics and industrial companies to assess market trends, solve marketing problems, and improve the efficiency of their businesses.

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