1. Global Industrial Remote Control Value Share by Region
Europe emerged as the leading region with the highest market share and value, accounting for 47.24% of the total market in 2023, followed by North America with a 26.10% share. China also played a significant role, holding an 18.11% share of the market.
Europe’s market share is almost double that of North America and more than twice that of China. It is also substantially higher compared to Japan, India, and the combined share of other regions. This indicates that Europe is the largest market for industrial remote controls, accounting for nearly half of the global market share.
Figure Global Industrial Remote Control Value Market Share by Region (2018-2023)
2. Global Industrial Remote Control Production by Region
The total global production volume reached 1218.3 K units in 2023, showcasing Europe as the primary contributor to the industry’s global production. Europe led the production with a 43.54% share in 2023, followed by North America with 26.32%, and China with 20.17%.
Table Global Industrial Remote Control Production (K Units) by Region in 2023
|
|
2023 |
|
North America |
320.6 |
|
Europe |
530.4 |
|
China |
245.7 |
|
Japan |
47.6 |
|
India |
37.4 |
|
Others |
36.4 |
|
Total |
1218.3 |
Figure Global Industrial Remote Control Production Market Share by Region (2018-2023)
3. North America and Europe Industrial Remote Control Market Analysis
North America and Europe are the two leading regions in the industrial remote control market. In 2023, North America’s production volume was 320.6 K units with a value of $245.91 million, while Europe produced 530.4 K units with a market value of $445.02 million. The average price per unit in North America was higher at $767, compared to $839 for Europe. Despite this, Europe maintained a slightly higher gross margin at 46.12% compared to North America’s 44.60%, indicating a more efficient conversion of production into profit within the European market. Europe is dominant in both production volume and value, as well as its superior financial performance in the industrial remote control industry.
Table North America Industrial Remote Control Production, Value, Price and Gross Margin in 2023
|
North America |
2023 |
|
Production (K Units) |
320.6 |
|
Price (USD/Unit) |
767 |
|
Value (M USD) |
245.91 |
|
Gross Margin |
44.60% |
Table Europe Industrial Remote Control Production, Value, Price and Gross Margin in 2023
|
Europe |
2023 |
|
Production (K Units) |
530.4 |
|
Price (USD/Unit) |
839 |
|
Value (M USD) |
445.02 |
|
Gross Margin |
46.12% |
4. China and Japan Industrial Remote Control Market Status
In 2023, China’s industrial remote control market demonstrated a production volume of 245.7 K units and a consumption of 296.8 K units, while Japan produced 47.6 K units and consumed 72.1 K units. The Chinese market is much larger than Japan in terms of both consumption and production, with China having a larger market share and demand. China’s consumption growth rate is also showing a stronger upward trend than Japan’s, and China’s industrial remote control market is more active.
Table China Industrial Remote Control Production, Consumption in 2023
|
China |
2023 |
|
Production (K Units) |
245.7 |
|
Consumption (K Units) |
296.8 |
Table Japan Industrial Remote Control Production, Consumption in 2023
|
Japan |
2023 |
|
Production (K Units) |
47.6 |
|
Consumption (K Units) |
72.1 |
