Servo and Stepper Motors Market by End-user and Geography - Forecast and Analysis 2021-2025

Published: Apr 2021 Pages: 120 SKU: IRTNTR70465

The servo and stepper motors market has the potential to grow by USD 3.30 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.14%. This servo and stepper motors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The servo and stepper motors market report also offers information on several market vendors, including ABB Ltd., AMETEK Inc., Applied Motion Products Inc., Emerson Electric Co., Empire Magnetics Inc., FANUC Corp., FAULHABER MICROMO LLC, Nidec Corp., Schneider Electric SE, and Siemens AG among others. Furthermore, this report extensively covers market segmentation by end-user (process industry and discrete industry) and geography (APAC, Europe, North America, MEA, and South America).

What will the Servo and Stepper Motors Market Size be in 2021?

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Servo And Stepper Motors Market: Key Drivers and Trends

The increase in demand for automated equipment in industrial premises is notably driving the servo and stepper motors market growth, although factors such as growing market of variable frequency drives may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the servo and stepper motors market industry get your FREE report sample now.

 

  • Automated material handling systems are increasingly being adopted in both process and discrete industries to improve operational efficiency and reduce lead time.
  • The high precision and accurate control provided by hybrid stepper motors have boosted its adoption in these automated material handling systems.
  • The need for reducing labor costs and equipment maintenance costs have also widened the application areas of servo motors in the automobile, healthcare, food processing, packaging, robotics, and semiconductor industries.
  • With the increasing demand for automated equipment in industrial premises, the need for these motors will further increase during the forecast period. 
  • The high growth of the robotic and automation industry has created the need for miniaturized stepper motors that can fit in confined spaces.
  • Miniaturized stepper motors must be easily deployable in industrial machines and robots in confined spaces without compromising on performance.
  • Further development of miniature motors will allow their adoption in various applications requiring high torque speed, high precision, and superior efficiency.
  • Although the trend of using miniaturized stepper motors is in the early stages, it is expected to gain traction during the next five years, driving the growth of the servo and stepper motors market.

This servo and stepper motors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Servo and Stepper Motors Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • AMETEK Inc.
  • Applied Motion Products Inc.
  • Emerson Electric Co.
  • Empire Magnetics Inc.
  • FANUC Corp.
  • FAULHABER MICROMO LLC
  • Nidec Corp.
  • Schneider Electric SE
  • Siemens AG

 

The servo and stepper motors market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the servo and stepper motors market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Servo and Stepper Motors Market?

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50% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for servo and stepper motors in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growth of the aerospace and defense, food and beverages, and automotive industries will facilitate the servo and stepper motors market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Servo and Stepper Motors Market?

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The growing investments and the development of new power generation infrastructure in the future are expected to boost the demand for servo and stepper motors. Therefore, the growth of the market segment is expected to be significant during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the servo and stepper motors market size.

 

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What are the Key Factors Covered in this Servo and Stepper Motors Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive servo and stepper motors market growth during the next five years
  • Precise estimation of the servo and stepper motors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the servo and stepper motors industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of servo and stepper motors market vendors

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Servo And Stepper Motors Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 3.30 billion

Market structure

Fragmented

YoY growth (%)

4.14

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 50%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., AMETEK Inc., Applied Motion Products Inc., Emerson Electric Co., Empire Magnetics Inc., FANUC Corp., FAULHABER MICROMO LLC, Nidec Corp., Schneider Electric SE, and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Process industry - Market size and forecast 2020-2025
    • Discrete industry - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Type

    • Market segments

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • ABB Ltd.
    • AMETEK Inc.
    • Applied Motion Products Inc.
    • Emerson Electric Co.
    • Empire Magnetics Inc.
    • FANUC Corp.
    • FAULHABER MICROMO LLC
    • Nidec Corp.
    • Schneider Electric SE
    • Siemens AG

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    INFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases

    DATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts

    REPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape

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    Key Questions Answered

    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?

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