Market Overview:
The global small precision motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for small precision motors in various applications, such as hard disk drives (HDDs), optical disk drives (ODDs), home appliances, office automation, and others. Additionally, the growing demand for miniaturization of electronic devices is also contributing to the growth of this market.
Product Definition:
Small precision motors are used in a variety of devices and machines, including medical equipment, laboratory instruments, and optical equipment. They are typically characterized by their precise control and high torque output. Small precision motors can be used to power small devices or provide precise movement in large devices.
12V:
12V is the voltage range that most of the small motors are designed to run at. Motors in this voltage range provide high torque and low speed which makes them ideal for applications like RC cars, robots, mobile devices etc. The market for these motors has been growing significantly over the past few years owing to their increasing usage in various application areas and a wide variety of product offerings by manufacturers.
24V:
The 24V is a voltage range that is greater than or equal to 0 and less than or equal to 35. The small precision motors which are used in the automation equipment require a constant voltage supply of 24V. It can also be known as step-down voltage, nominal output rating, nominal input rating etc.
It depends on the application.
Application Insights:
The hard disk drive 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 demand for storage devices, such as laptops, desktops and servers. Moreover, technological advancements in small precision motors have led to increased adoption of these drives in portable electronic devices such as smartphones and digital cameras.
The optical disk drive application segment is expected to witness a CAGR around 15% from 2018 to 2030 owing to factors such as growing demand for high-quality audio/video recordings and data storage solutions across various end-use industries including healthcare, business & financial services, education institutions among others.
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 growth in industrial applications such as medical, automotive, aerospace and others. Increasing demand for consumer appliances such as fans, air conditioners, refrigerators and others is also contributing toward regional growth.
The growing population coupled with rising living standards have spurred the demand for electronics products including laptops, mobiles phones among other small motors driven devices. This trend is projected to drive product sales across Asia Pacific over the forecast period. Moreover high manufacturing rates of hard disk drives (HDDs), optical disks drives (ODDs) are also driving product sales across this region owing to their low costs compared to those manufactured in Western countries thus making it a cost-effective place for manufacturers from developed economies of North America and Europe who can export HDD/ODD at lower prices thereby gaining significant market share across this region since 2016 (excepting few exceptions).
Growth Factors:
- Increasing demand for miniaturization in various industrial and consumer applications is expected to drive the market for small precision motors over the forecast period.
- Growing demand for electric vehicles is also anticipated to boost the market growth as these motors are used in electric vehicles for propulsion and power steering systems.
- Rising adoption of robots across different industries is also projected to fuel the demand for small precision motors during the forecast period.
- Increasing investments in research and development activities by leading players is expected to result in innovations and new product launches, which will subsequently propel the market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Small Precision Motors Market Research Report
By Type
12V, 24V, Other
By Application
Hard Disk Drive, Optical Disk Drive, Home Appliance, Office Automation, Other
By Companies
Nidec, Minebea Mitsumi, Shinano Kenshi, Maxon Motor, Johnson Electric, Portescap, Allied Motion, Tsiny Motor, Topband, Constar, Nidec, Fulling Motor
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Small Precision Motors Market Report Segments:
The global Small Precision Motors market is segmented on the basis of:
Types
12V, 24V, Other
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
Hard Disk Drive, Optical Disk Drive, Home Appliance, Office Automation, Other
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:
- Nidec
- Minebea Mitsumi
- Shinano Kenshi
- Maxon Motor
- Johnson Electric
- Portescap
- Allied Motion
- Tsiny Motor
- Topband
- Constar
- Nidec
- Fulling Motor
Highlights of The Small Precision Motors 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:
- 12V
- 24V
- Other
- By Application:
- Hard Disk Drive
- Optical Disk Drive
- Home Appliance
- Office Automation
- Other
- 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 Small Precision Motors 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?
Small precision motors are typically used in industrial and scientific applications where accuracy, speed, and durability are essential. These motors can be found in a variety of industries including aerospace, automotive manufacturing, medical equipment manufacturing, and semiconductor production.
Some of the major players in the small precision motors market are Nidec, Minebea Mitsumi, Shinano Kenshi, Maxon Motor, Johnson Electric, Portescap, Allied Motion, Tsiny Motor, Topband, Constar, Nidec, Fulling Motor.
The small precision motors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Small Precision Motors 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 Small Precision Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Small Precision Motors 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 Small Precision Motors 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 Small Precision Motors Market Size & Forecast, 2018-2028
4.5.1 Small Precision Motors Market Size and Y-o-Y Growth
4.5.2 Small Precision Motors Market Absolute $ Opportunity
Chapter 5 Global Small Precision Motors 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 Small Precision Motors Market Size Forecast by Type
5.2.1 12V
5.2.2 24V
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Small Precision Motors 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 Small Precision Motors Market Size Forecast by Applications
6.2.1 Hard Disk Drive
6.2.2 Optical Disk Drive
6.2.3 Home Appliance
6.2.4 Office Automation
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Small Precision Motors 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 Small Precision Motors 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 Small Precision Motors Analysis and Forecast
9.1 Introduction
9.2 North America Small Precision Motors 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 Small Precision Motors Market Size Forecast by Type
9.6.1 12V
9.6.2 24V
9.6.3 Other
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 Small Precision Motors Market Size Forecast by Applications
9.10.1 Hard Disk Drive
9.10.2 Optical Disk Drive
9.10.3 Home Appliance
9.10.4 Office Automation
9.10.5 Other
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 Small Precision Motors Analysis and Forecast
10.1 Introduction
10.2 Europe Small Precision Motors 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 Small Precision Motors Market Size Forecast by Type
10.6.1 12V
10.6.2 24V
10.6.3 Other
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 Small Precision Motors Market Size Forecast by Applications
10.10.1 Hard Disk Drive
10.10.2 Optical Disk Drive
10.10.3 Home Appliance
10.10.4 Office Automation
10.10.5 Other
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 Small Precision Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Small Precision Motors 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 Small Precision Motors Market Size Forecast by Type
11.6.1 12V
11.6.2 24V
11.6.3 Other
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 Small Precision Motors Market Size Forecast by Applications
11.10.1 Hard Disk Drive
11.10.2 Optical Disk Drive
11.10.3 Home Appliance
11.10.4 Office Automation
11.10.5 Other
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 Small Precision Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America Small Precision Motors 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 Small Precision Motors Market Size Forecast by Type
12.6.1 12V
12.6.2 24V
12.6.3 Other
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 Small Precision Motors Market Size Forecast by Applications
12.10.1 Hard Disk Drive
12.10.2 Optical Disk Drive
12.10.3 Home Appliance
12.10.4 Office Automation
12.10.5 Other
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) Small Precision Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Small Precision Motors 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) Small Precision Motors Market Size Forecast by Type
13.6.1 12V
13.6.2 24V
13.6.3 Other
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) Small Precision Motors Market Size Forecast by Applications
13.10.1 Hard Disk Drive
13.10.2 Optical Disk Drive
13.10.3 Home Appliance
13.10.4 Office Automation
13.10.5 Other
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 Small Precision Motors Market: Competitive Dashboard
14.2 Global Small Precision Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nidec
14.3.2 Minebea Mitsumi
14.3.3 Shinano Kenshi
14.3.4 Maxon Motor
14.3.5 Johnson Electric
14.3.6 Portescap
14.3.7 Allied Motion
14.3.8 Tsiny Motor
14.3.9 Topband
14.3.10 Constar
14.3.11 Nidec
14.3.12 Fulling Motor
