Market Overview:
The global micro and special motor 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 micro and special motors in various applications, such as automotive, medical equipment, industrial automation, aircraft, agricultural equipment, construction & mining equipment and 3D printing. North America is expected to lead the global micro and special motor market during the forecast period due to the presence of key players in this region and rising demand for these motors from various end-use industries.
Product Definition:
Micro motor: a small electric motor, typically one used in a portable device.
Special Motor: A special-purpose electric motor with unique features or characteristics that set it apart from general-purpose motors.
The importance of micro and special motors is that they offer specific benefits for certain applications. Micro motors are often smaller, lighter and more efficient than standard electric motors, making them well suited for portable devices like phones and laptops.
Brushed:
Brushed motors are the most common type of electric motor. They are used in various applications such as household appliances, power tools, small hand tools and toys. The growth factor for brushed motors is cost-effective manufacturing which has led to an increase in their demand over the past few years.
The usage of these motors is increasing on account of its advantages such as compact size & weight, low cost and simple drive circuit (single phase).
Brushless:
Brushless motors do not use a physical commutator or brushes to transfer power. They are usually used in applications that require high precision and where there is a risk of burns. The absence of brushes eliminates the risk of arcing between windings, thereby eliminating the need for any lubrication apart from cooling grease.
Application Insights:
The automotive segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for electric vehicles, which use brushless motors as their power source. These motors offer several advantages including high efficiency, compact size and lightweight which makes them suitable for applications such as electric vehicle drivetrain.
Medical equipment is expected to grow at a significant rate over the forecast period owing to rising demand from endoscopy procedures, magnetic resonance imaging (MRI), nuclear medicine and ultrasound systems among others that make use of these products. Industrial automation also held a considerable market share in 2016 owing to growing industrialization across developing countries such as China India Brazil Africa nations etc., This will fuel product demand in near future too.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a revenue share of over 40% in 2017 and is anticipated to continue its dominance till 2030. This growth can be attributed to rising disposable income, increasing industrialization, and expanding aerospace sector in developing economies including China, India, South Korea, Indonesia among others.
The growing manufacturing sector coupled with government initiatives such as “Make in India†initiative by the Indian government is expected to boost automotive production which will drive product demand further. In addition, favorable regulations framed by various governments across countries are also driving industry expansion through domestic level expansions or takeovers by global players operating across other regions.
Europe was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand from the automotive industry for micro and special motors
- Growing demand for electric vehicles, which require micro and special motors for propulsion
- Rising demand from the medical sector for miniature motors used in surgical procedures
- Rapid growth of the robotics industry, which is driving demand for high-performance micro and special motors
- Proliferation of smart devices and the Internet of Things (IoT), which are creating new opportunities for miniaturized motors
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro and Special Motor Market Research Report
By Type
Brushed, Brushless
By Application
Automotive, Medical Equipment, Industrial Automation, Aircraft, Agricultural Equipment, Construction & Mining Equipment, 3D Printing
By Companies
Mitsuba Corporation, Nidec Corporation, Johnson Electric Holdings Limited, Mabuchi Motors, ABB, Wellings Holdings, Asmo Co, Constar, Maxon Motors AG, Buhler Motors GmbH
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Micro and Special Motor Market Report Segments:
The global Micro and Special Motor market is segmented on the basis of:
Types
Brushed, Brushless
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
Automotive, Medical Equipment, Industrial Automation, Aircraft, Agricultural Equipment, Construction & Mining Equipment, 3D Printing
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:
- Mitsuba Corporation
- Nidec Corporation
- Johnson Electric Holdings Limited
- Mabuchi Motors
- ABB
- Wellings Holdings
- Asmo Co
- Constar
- Maxon Motors AG
- Buhler Motors GmbH
Highlights of The Micro and Special 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:
- Brushed
- Brushless
- By Application:
- Automotive
- Medical Equipment
- Industrial Automation
- Aircraft
- Agricultural Equipment
- Construction & Mining Equipment
- 3D Printing
- 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 Micro and Special 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?
Micro and special motor vehicles are small, lightweight cars or trucks that use smaller engines than regular cars. They're often used for transportation in urban areas, where space is limited.
Some of the major companies in the micro and special motor market are Mitsuba Corporation, Nidec Corporation, Johnson Electric Holdings Limited, Mabuchi Motors, ABB, Wellings Holdings, Asmo Co, Constar, Maxon Motors AG, Buhler Motors GmbH.
The micro and special motor market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro and Special Motor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Micro and Special Motor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Micro and Special Motor Market - Supply Chain
4.5. Global Micro and Special Motor Market Forecast
4.5.1. Micro and Special Motor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Micro and Special Motor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Micro and Special Motor Market Absolute $ Opportunity
5. Global Micro and Special Motor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Micro and Special Motor Market Size and Volume Forecast by Type
5.3.1. Brushed
5.3.2. Brushless
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Micro and Special Motor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Micro and Special Motor Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Medical Equipment
6.3.3. Industrial Automation
6.3.4. Aircraft
6.3.5. Agricultural Equipment
6.3.6. Construction & Mining Equipment
6.3.7. 3D Printing
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Micro and Special Motor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Micro and Special Motor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Micro and Special Motor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Micro and Special Motor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Micro and Special Motor Demand Share Forecast, 2019-2029
9. North America Micro and Special Motor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Micro and Special Motor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Micro and Special Motor Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Medical Equipment
9.4.3. Industrial Automation
9.4.4. Aircraft
9.4.5. Agricultural Equipment
9.4.6. Construction & Mining Equipment
9.4.7. 3D Printing
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Micro and Special Motor Market Size and Volume Forecast by Type
9.7.1. Brushed
9.7.2. Brushless
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Micro and Special Motor Demand Share Forecast, 2019-2029
10. Latin America Micro and Special Motor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Micro and Special Motor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Micro and Special Motor Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Medical Equipment
10.4.3. Industrial Automation
10.4.4. Aircraft
10.4.5. Agricultural Equipment
10.4.6. Construction & Mining Equipment
10.4.7. 3D Printing
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Micro and Special Motor Market Size and Volume Forecast by Type
10.7.1. Brushed
10.7.2. Brushless
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Micro and Special Motor Demand Share Forecast, 2019-2029
11. Europe Micro and Special Motor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Micro and Special Motor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Micro and Special Motor Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Medical Equipment
11.4.3. Industrial Automation
11.4.4. Aircraft
11.4.5. Agricultural Equipment
11.4.6. Construction & Mining Equipment
11.4.7. 3D Printing
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Micro and Special Motor Market Size and Volume Forecast by Type
11.7.1. Brushed
11.7.2. Brushless
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Micro and Special Motor Demand Share, 2019-2029
12. Asia Pacific Micro and Special Motor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Micro and Special Motor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Micro and Special Motor Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Medical Equipment
12.4.3. Industrial Automation
12.4.4. Aircraft
12.4.5. Agricultural Equipment
12.4.6. Construction & Mining Equipment
12.4.7. 3D Printing
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Micro and Special Motor Market Size and Volume Forecast by Type
12.7.1. Brushed
12.7.2. Brushless
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Micro and Special Motor Demand Share, 2019-2029
13. Middle East & Africa Micro and Special Motor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Micro and Special Motor Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Micro and Special Motor Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Medical Equipment
13.4.3. Industrial Automation
13.4.4. Aircraft
13.4.5. Agricultural Equipment
13.4.6. Construction & Mining Equipment
13.4.7. 3D Printing
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Micro and Special Motor Market Size and Volume Forecast by Type
13.7.1. Brushed
13.7.2. Brushless
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Micro and Special Motor Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Micro and Special Motor Market: Market Share Analysis
14.2. Micro and Special Motor Distributors and Customers
14.3. Micro and Special Motor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsuba Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nidec Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Johnson Electric Holdings Limited
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mabuchi Motors
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ABB
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wellings Holdings
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Asmo Co
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Constar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Maxon Motors AG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Buhler Motors GmbH
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
