Market Overview:
The global motor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The industrial and control motors segment is expected to dominate the global motor market, with a share of more than 60% in 2018. This segment is also projected to grow at the highest CAGR during the forecast period. The micro motor segment is projected to be the fastest-growing segment in terms of value, owing to its increasing demand from automotive and home appliance applications. In terms of region, Asia Pacific is estimated to be the largest market for motors in 2018, followed by Europe and North America.
Product Definition:
A motor is a device that converts electrical energy into mechanical energy. Motors are used in many applications, including fans, pumps, machine tools, and vehicles.
Industrial and Control Motors:
Industrial and control motors are used in various applications such as pumps, fans, compressors, machine tools and automation. The growth factor for the market is increasing demand from end-use industries such as automotive & aerospace.
The industrial & control motors market is expected to witness significant growth over the forecast period owing to its application base in various end-use industries including automotive & aerospace coupled with technological advancements pertaining to energy efficiency of these products.
Micro Motor:
Micro motor is a small electric motor which can be used as an integral part of larger machine. It has various applications in different segments of the market such as medical, household appliances and industrial equipment. Micro motors are also known by different names such as nanoamperes, microwaves or milliamperes depending upon their size. The working principle of micro motors is based on electromagnetic induction; they work on the basis of magnetic flux density generated by coil windings around a iron core.
Application Insights:
The global automotive application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing production of passenger vehicles and commercial vehicles, especially in China, India and South Korea.
Automotive applications include engine control systems, power steering, air conditioner/heating system, fuel injection system among others. Increasing demand for electric cars is expected to have a positive impact on market growth over the forecast period as these cars require less maintenance due to low usage of mechanical parts. However; high initial investment cost will restrict its penetration in emerging economies like India and China till such time when interest rates come down further which will drive demand from other regions eventually.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization and flourishing automotive industry. China, India, Japan, South Korea are some of the prominent countries that have driven regional growth owing to their large consumer base along with a wide range of applications in various end-use industries such as transportation & logistics; manufacturing; construction; energy & power generation; home appliances etc.
The growing population coupled with rising living standards have resulted in increased spending on household goods such as refrigerators, washing machines etc., which will drive product demand further over the next eight years.
Growth Factors:
- Increasing demand for electric vehicles
- Rising disposable income of consumers
- Proliferation of online motor vehicle sales portals
- Growing popularity of shared mobility services
- Government initiatives to promote electric and hybrid vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Motor Market Research Report
By Type
Industrial and Control Motors, Micro Motor
By Application
Industrial Machinery, Automobile, HVAC, Aviation and Transportation, Home Appliance, Others
By Companies
ABB, Siemens, WEG, Regal Beloit, Nidec, GE, TMEIC, SEVA-tec, Wolong, ANHUI WANNAN ELECTRIC MACHINE, Jiamusi Electric Machine, Shanghai Electric Machinery, Jiangsu dazhong Electromotor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Motor Market Report Segments:
The global Motor market is segmented on the basis of:
Types
Industrial and Control Motors, Micro Motor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Machinery, Automobile, HVAC, Aviation and Transportation, Home Appliance, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- WEG
- Regal Beloit
- Nidec
- GE
- TMEIC
- SEVA-tec
- Wolong
- ANHUI WANNAN ELECTRIC MACHINE
- Jiamusi Electric Machine
- Shanghai Electric Machinery
- Jiangsu dazhong Electromotor
Highlights of The Motor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial and Control Motors
- Micro Motor
- By Application:
- Industrial Machinery
- Automobile
- HVAC
- Aviation and Transportation
- Home Appliance
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Motor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A motor is an engine that converts energy from a fuel into mechanical motion.
Some of the major companies in the motor market are ABB, Siemens, WEG, Regal Beloit, Nidec, GE, TMEIC, SEVA-tec, Wolong, ANHUI WANNAN ELECTRIC MACHINE, Jiamusi Electric Machine, Shanghai Electric Machinery, Jiangsu dazhong Electromotor.
The motor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Motor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Motor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Motor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Motor Market Size & Forecast, 2020-2028
4.5.1 Motor Market Size and Y-o-Y Growth
4.5.2 Motor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Industrial and Control Motors
5.2.2 Micro Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Machinery
6.2.2 Automobile
6.2.3 HVAC
6.2.4 Aviation and Transportation
6.2.5 Home Appliance
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Motor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Motor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Industrial and Control Motors
9.6.2 Micro Motor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Machinery
9.10.2 Automobile
9.10.3 HVAC
9.10.4 Aviation and Transportation
9.10.5 Home Appliance
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Industrial and Control Motors
10.6.2 Micro Motor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Machinery
10.10.2 Automobile
10.10.3 HVAC
10.10.4 Aviation and Transportation
10.10.5 Home Appliance
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Industrial and Control Motors
11.6.2 Micro Motor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Machinery
11.10.2 Automobile
11.10.3 HVAC
11.10.4 Aviation and Transportation
11.10.5 Home Appliance
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Industrial and Control Motors
12.6.2 Micro Motor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Machinery
12.10.2 Automobile
12.10.3 HVAC
12.10.4 Aviation and Transportation
12.10.5 Home Appliance
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Industrial and Control Motors
13.6.2 Micro Motor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Machinery
13.10.2 Automobile
13.10.3 HVAC
13.10.4 Aviation and Transportation
13.10.5 Home Appliance
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Motor Market: Competitive Dashboard
14.2 Global Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 WEG
14.3.4 Regal Beloit
14.3.5 Nidec
14.3.6 GE
14.3.7 TMEIC
14.3.8 SEVA-tec
14.3.9 Wolong
14.3.10 ANHUI WANNAN ELECTRIC MACHINE
14.3.11 Jiamusi Electric Machine
14.3.12 Shanghai Electric Machinery
14.3.13 Jiangsu dazhong Electromotor
