Market Overview:
The global servo and stepper motors market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for servo and stepper motors in various applications, such as machine tools, packaging applications, textile, electronic equipment, and others. Additionally, the growing demand for automation across different industries is also propelling the growth of this market.
Product Definition:
A servo motor is a type of motor that can be precisely controlled using a signal from a controller. The position and speed of the servo can be controlled, allowing it to move to a specific point or rotate at a specific speed. This makes them ideal for use in robotics and other applications where precise movement control is required.
A stepper motor is another type of precision motor that can be used for robotics and other applications. Stepper motors are different than standard DC motors in that they have multiple coils (or poles) around their rotor which are energized in sequence, causing the rotor to step or jump from one coil to the next as each one is energized.
Servo Motors:
Servo motors are used in various applications such as robotics, automation and machine tools. Servo motors have gained popularity due to their compact size, low cost and high torque characteristics. The market for servo motors is expected to witness significant growth over the forecast period owing to its wide range of application scope in the automotive industry including chassis, steering system and safety & security systems. In addition, increasing demand for electric vehicles is also expected to drive market growth over the next seven years.
Stepper Motors:
Stepper motors are a special type of electric motor that can generate high torque at low speeds. The term stepper refers to the shape of the rotor which is generally has more coils than conventional motors. These motors are used in applications where high precision and speed is required such as in servo systems or 3D-printed mechanisms, etc.
The market for stepper motors has been growing over the past few years owing to their increasing application scope.
Application Insights:
The machine tools application segment led the global servo and stepper motors market in 2017. Servo motors are widely used for applications such as CNC machining centers, 3D printers, milling machines, drilling machines and others. The demand for these devices is expected to increase with the advent of smart manufacturing technologies owing to their ability to automate repetitive processes with high precision.
Stepper motor technology has been gaining popularity in packaging applications due to its ability to deliver high torque at low speeds which makes it suitable for use in carton sealing machinery among other solutions such as automated palletizing systems and container loading & unloading equipment among others. The rising need for sustainable packaging solutions that reduce wastage while increasing efficiency is expected drive the demand further over the forecast period. Other emerging applications include textile production where servo motors are used along with robotics systems for automated loom operations thereby boosting product consumption globally over next eight years or so.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, availability of low-cost labor, and high demand from various end-use industries. Moreover, increasing government spending on infrastructure development projects such as roads and railways are creating a huge demand for motors across Asia Pacific which is further anticipated to drive the regional market during the forecast period.
The machine tools segment in Europe accounted for over 25% revenue share in 2017 owing to growing manufacturing activities across several industries including automotive, aerospace & defense, packaging machinery among others. In addition rising R&D activities related to motor technologies are also expected drive regional growth during the projected period.
Growth Factors:
- Increasing demand from the automotive industry for servo and stepper motors to power advanced features such as electric power steering, anti-lock braking systems, and cruise control.
- Growing popularity of 3D printing technology, which requires high-precision servo and stepper motors for fabricating objects layer by layer.
- Proliferation of smart devices and the Internet of Things (IoT), which need small but powerful servo and stepper motors to control movement and communication between devices.
- Rising demand from medical equipment manufacturers for precision servo and stepper motors in applications such as MRI machines, CT scanners, surgical robots, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Servo and Stepper Motors Market Research Report
By Type
Servo Motors, Stepper Motors
By Application
Machine Tools, Packaging Applications, Textile, Electronic Equipment, Others
By Companies
Yaskawa, Mitsubishi, Fanuc, Siemens, Rockwell, ABB, Rexroth (Bosch), Panasonic, Nidec, Delta Electronics, SANYO DENKI, TECO Electric & Machinery, Schneider, Moog, Oriental Motor, Toshiba, Parker Hannifin, HNC Electric, GSK, Shinano Kenshi, MinebeaMitsumi, Moons' Industries, Tamagawa Seiki, Ametek, Sonceboz, 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Servo and Stepper Motors Market Report Segments:
The global Servo and Stepper Motors market is segmented on the basis of:
Types
Servo Motors, Stepper Motors
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
Machine Tools, Packaging Applications, Textile, Electronic Equipment, 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:
- Yaskawa
- Mitsubishi
- Fanuc
- Siemens
- Rockwell
- ABB
- Rexroth (Bosch)
- Panasonic
- Nidec
- Delta Electronics
- SANYO DENKI
- TECO Electric & Machinery
- Schneider
- Moog
- Oriental Motor
- Toshiba
- Parker Hannifin
- HNC Electric
- GSK
- Shinano Kenshi
- MinebeaMitsumi
- Moons' Industries
- Tamagawa Seiki
- Ametek
- Sonceboz
- Fulling Motor
Highlights of The Servo and Stepper 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:
- Servo Motors
- Stepper Motors
- By Application:
- Machine Tools
- Packaging Applications
- Textile
- Electronic Equipment
- 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 Servo and Stepper 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?
Servo motors are used in robotics to control movement. Stepper motors are also used in robotics, but they can also be controlled by a microcontroller to produce precise movements.
Some of the major players in the servo and stepper motors market are Yaskawa, Mitsubishi, Fanuc, Siemens, Rockwell, ABB, Rexroth (Bosch), Panasonic, Nidec, Delta Electronics, SANYO DENKI, TECO Electric & Machinery, Schneider, Moog, Oriental Motor, Toshiba, Parker Hannifin, HNC Electric, GSK, Shinano Kenshi, MinebeaMitsumi, Moons' Industries, Tamagawa Seiki, Ametek, Sonceboz, Fulling Motor.
The servo and stepper motors market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Servo and Stepper Motors 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. Servo and Stepper Motors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Servo and Stepper Motors Market - Supply Chain
4.5. Global Servo and Stepper Motors Market Forecast
4.5.1. Servo and Stepper Motors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Servo and Stepper Motors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Servo and Stepper Motors Market Absolute $ Opportunity
5. Global Servo and Stepper Motors 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. Servo and Stepper Motors Market Size and Volume Forecast by Type
5.3.1. Servo Motors
5.3.2. Stepper Motors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Servo and Stepper Motors 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. Servo and Stepper Motors Market Size and Volume Forecast by Application
6.3.1. Machine Tools
6.3.2. Packaging Applications
6.3.3. Textile
6.3.4. Electronic Equipment
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Servo and Stepper Motors 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. Servo and Stepper Motors 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 Servo and Stepper Motors 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. Servo and Stepper Motors 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 Servo and Stepper Motors Demand Share Forecast, 2019-2026
9. North America Servo and Stepper Motors 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 Servo and Stepper Motors 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 Servo and Stepper Motors Market Size and Volume Forecast by Application
9.4.1. Machine Tools
9.4.2. Packaging Applications
9.4.3. Textile
9.4.4. Electronic Equipment
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Servo and Stepper Motors Market Size and Volume Forecast by Type
9.7.1. Servo Motors
9.7.2. Stepper Motors
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 Servo and Stepper Motors Demand Share Forecast, 2019-2026
10. Latin America Servo and Stepper Motors 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 Servo and Stepper Motors 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 Servo and Stepper Motors Market Size and Volume Forecast by Application
10.4.1. Machine Tools
10.4.2. Packaging Applications
10.4.3. Textile
10.4.4. Electronic Equipment
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Servo and Stepper Motors Market Size and Volume Forecast by Type
10.7.1. Servo Motors
10.7.2. Stepper Motors
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 Servo and Stepper Motors Demand Share Forecast, 2019-2026
11. Europe Servo and Stepper Motors 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 Servo and Stepper Motors 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 Servo and Stepper Motors Market Size and Volume Forecast by Application
11.4.1. Machine Tools
11.4.2. Packaging Applications
11.4.3. Textile
11.4.4. Electronic Equipment
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Servo and Stepper Motors Market Size and Volume Forecast by Type
11.7.1. Servo Motors
11.7.2. Stepper Motors
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 Servo and Stepper Motors Demand Share, 2019-2026
12. Asia Pacific Servo and Stepper Motors 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 Servo and Stepper Motors 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 Servo and Stepper Motors Market Size and Volume Forecast by Application
12.4.1. Machine Tools
12.4.2. Packaging Applications
12.4.3. Textile
12.4.4. Electronic Equipment
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Servo and Stepper Motors Market Size and Volume Forecast by Type
12.7.1. Servo Motors
12.7.2. Stepper Motors
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 Servo and Stepper Motors Demand Share, 2019-2026
13. Middle East & Africa Servo and Stepper Motors 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 Servo and Stepper Motors 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 Servo and Stepper Motors Market Size and Volume Forecast by Application
13.4.1. Machine Tools
13.4.2. Packaging Applications
13.4.3. Textile
13.4.4. Electronic Equipment
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Servo and Stepper Motors Market Size and Volume Forecast by Type
13.7.1. Servo Motors
13.7.2. Stepper Motors
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 Servo and Stepper Motors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Servo and Stepper Motors Market: Market Share Analysis
14.2. Servo and Stepper Motors Distributors and Customers
14.3. Servo and Stepper Motors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Yaskawa
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mitsubishi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fanuc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rockwell
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ABB
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rexroth (Bosch)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Panasonic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nidec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Delta Electronics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SANYO DENKI
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TECO Electric & Machinery
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Schneider
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Moog
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Oriental Motor
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Toshiba
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Parker Hannifin
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. HNC Electric
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. GSK
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shinano Kenshi
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
