Market Overview:
The global motor for robots market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial and service robots across the globe. In terms of type, the continuous DC motor segment is expected to lead the global market during the forecast period, followed by stepper and servo motors. The industrial application segment is expected to dominate the global market during 2018-2030, followed by service robotics applications.
Product Definition:
Motor for Robots is a device that converts electrical energy into mechanical energy. It is used to power the robot's movement.
Continuous DC:
Continuous DC (CD) is a type of electric current that flows continuously in the circuit. It is used to power various devices such as motors, pumps, and other machine tools. The most commonly used batteries for CD are zinc-carbon and lithium-ion batteries.
The global motor for robots market size was valued at USD 675 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 14% from 2019 to 2023.
Stepper:
Stepper motors are the most common type of electric motors used in robots. They are named so because they have multiple steps between their windings which gives them a high torque density. The torque is measured in newton meters where 1 nmt is one millionth of a meter. This motor has an advantage over conventional DC motors as it can be step-wise variable speeded up to its peak speed without exceeding its step limit, i.e.
Application Insights:
The industrial segment dominated the global motor for robots market in terms of revenue share in 2017. The growth can be attributed to increasing demand from end-use industries such as automotive, construction, and packaging. Industrial applications include picking and placing of parts, assembly line automation, material handling and logistics distribution systems among others.
The service segment is expected to expand at a CAGR of XX% over the forecast period owing to rising demand for mobile solutions across several industries including healthcare, hospitality and entertainment among others. Increasing use cases such as surgery training are also driving the growth in this segment owing to high precision offered by these devices coupled with low human intervention required during robotic assisted surgeries which is anticipated to further boost industry expansion over the coming years (8).
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 rapid industrialization, which has led to an increasing demand for industrial robots. Countries such as China, Japan, South Korea and India are among the top manufacturers of robots in this region. Robust manufacturing base of automotive components in these countries will drive regional growth over the next eight years.
The European market is also anticipated to witness significant growth during the forecast period owing to increasing investments by prominent players such as ABB Ltd., Kawasaki Robotics Corporation and Kistler Instrumente AG & Co., Ltd. These companies are investing heavily in R&D activities with a focus on developing innovative solutions for applications requiring high flexibility, efficiency and speed across various industries including healthcare & medicine (manual handling), food & beverage (packaging)and others). Such factors will contribute toward increased adoption of motorized robot technology across Europe during the forecast period.
Growth Factors:
- Increasing demand for industrial robots across different industries
- Rising adoption of collaborative robots
- Growing demand for electric vehicles and hybrid vehicles
- Proliferation of Internet of Things (IoT) and artificial intelligence (AI) in robotics industry
- Increasing research and development investments by robot manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Motor for Robots Market Research Report
By Type
Continuous DC, Stepper, Servo
By Application
Industrial, Service
By Companies
Simens, Beckhoff Automation, Panasonic, Fanuc, Yaskawa, Lenze, ABB, Nidec, Maxon Motor, SAMSR Motor, SL Montevideo Technology, Anaheim Automation, INVT, HNC, STEP, Inovance, Estun Robotics, Longs Motor, Leadshine, DELTA, FinePower
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Motor for Robots Market Report Segments:
The global Motor for Robots market is segmented on the basis of:
Types
Continuous DC, Stepper, Servo
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, Service
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:
- Simens
- Beckhoff Automation
- Panasonic
- Fanuc
- Yaskawa
- Lenze
- ABB
- Nidec
- Maxon Motor
- SAMSR Motor
- SL Montevideo Technology
- Anaheim Automation
- INVT
- HNC
- STEP
- Inovance
- Estun Robotics
- Longs Motor
- Leadshine
- DELTA
- FinePower
Highlights of The Motor for Robots 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:
- Continuous DC
- Stepper
- Servo
- By Application:
- Industrial
- Service
- 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 for Robots 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?
Motor for Robots is a software that helps you control your robot using motors.
Some of the major companies in the motor for robots market are Simens, Beckhoff Automation, Panasonic, Fanuc, Yaskawa, Lenze, ABB, Nidec, Maxon Motor, SAMSR Motor, SL Montevideo Technology, Anaheim Automation, INVT, HNC, STEP, Inovance, Estun Robotics, Longs Motor, Leadshine, DELTA, FinePower.
The motor for robots market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Motor for Robots 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. Motor for Robots Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Motor for Robots Market - Supply Chain
4.5. Global Motor for Robots Market Forecast
4.5.1. Motor for Robots Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Motor for Robots Market Size (000 Units) and Y-o-Y Growth
4.5.3. Motor for Robots Market Absolute $ Opportunity
5. Global Motor for Robots 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. Motor for Robots Market Size and Volume Forecast by Type
5.3.1. Continuous DC
5.3.2. Stepper
5.3.3. Servo
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Motor for Robots 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. Motor for Robots Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Service
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Motor for Robots 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. Motor for Robots 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 Motor for Robots 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. Motor for Robots 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 Motor for Robots Demand Share Forecast, 2019-2026
9. North America Motor for Robots 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 Motor for Robots 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 Motor for Robots Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Service
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Motor for Robots Market Size and Volume Forecast by Type
9.7.1. Continuous DC
9.7.2. Stepper
9.7.3. Servo
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 Motor for Robots Demand Share Forecast, 2019-2026
10. Latin America Motor for Robots 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 Motor for Robots 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 Motor for Robots Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Service
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Motor for Robots Market Size and Volume Forecast by Type
10.7.1. Continuous DC
10.7.2. Stepper
10.7.3. Servo
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 Motor for Robots Demand Share Forecast, 2019-2026
11. Europe Motor for Robots 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 Motor for Robots 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 Motor for Robots Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Service
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Motor for Robots Market Size and Volume Forecast by Type
11.7.1. Continuous DC
11.7.2. Stepper
11.7.3. Servo
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potenial 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 Motor for Robots Demand Share, 2019-2026
12. Asia Pacific Motor for Robots 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 Motor for Robots 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 Motor for Robots Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Service
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Motor for Robots Market Size and Volume Forecast by Type
12.7.1. Continuous DC
12.7.2. Stepper
12.7.3. Servo
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 Motor for Robots Demand Share, 2019-2026
13. Middle East & Africa Motor for Robots 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 Motor for Robots 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 Motor for Robots Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Service
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Motor for Robots Market Size and Volume Forecast by Type
13.7.1. Continuous DC
13.7.2. Stepper
13.7.3. Servo
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 Motor for Robots Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Motor for Robots Market: Market Share Analysis
14.2. Motor for Robots Distributors and Customers
14.3. Motor for Robots Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Simens
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Beckhoff Automation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fanuc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yaskawa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lenze
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ABB
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nidec
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 Motor
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SAMSR Motor
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SL Montevideo Technology
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Anaheim Automation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. INVT
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. HNC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. STEP
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Inovance
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Estun Robotics
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Longs Motor
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Leadshine
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. DELTA
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
