Market Overview:
The global servo motor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for servo motors in industrial and manufacturing applications, semiconductor and electronics applications, package industry, laboratory research, and others. In terms of type, the DC servo motor segment is expected to hold a major share of the global servo motor market during the forecast period. However, AC servo motors are projected to grow at a higher CAGR than DC servo motors during the forecast period.
Product Definition:
A servo motor is a type of electric motor that controls the position or motion of an object. It consists of a rotating armature and stationary stator, with an encoder or sensor that monitors the position and sends feedback to the controller. The controller then sends appropriate electrical signals to the rotor driver, which powers the armature.
DC:
DC is the direct current and it has one of the important usage in Servo Motor. DC has a wide range of applications from consumer electronics to electric vehicles. It also finds its application in Servo Motor as well, which is further going to drive market growth over forecast period.
The primary reason for using DC motor is that they are capable of providing high torque at low speeds compared with AC counterparts.
AC:
AC is the abbreviation for Alternating Current. It is a continuous electric current that alternates between two values, positive and negative. Servo motors use AC to operate as they receive power from an external source of electricity through a battery or directly from the utility grid.
Application Insights:
The industrial and manufacturing application segment accounted for the largest share of over 30.0% in 2017. The growth can be attributed to the growing demand for packaged products such as smartphones, laptops, tablets, etc. around the world. Servo motors are widely used in applications such as material handling equipment, automated guided vehicles (AGVs), robotics systems and others owing to their ability to provide precise positioning at a low cost per unit of movement or position.
The AGV segment is expected to witness significant growth over the forecast period due to increasing adoption across end-use industries worldwide including automotive/transportation & logistics among others which require highly maneuverable robotic platforms with high precision sensors.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for high-precision motors in various applications such as industrial, automotive, and aerospace. The region held a share of more than 30% in 2017 owing to large production bases of automobiles and consumer electronics in China and India. Moreover, favorable government policies encouraging investments are also expected to drive product demand over the next eight years.
The European market accounted for a significant share due to early adoption of servo motors by several prominent players operating within this region such as ABB Ltd., Siemens AG, Johnson Controls International Inc., etc. Additionally, presence of well-established manufacturing hubs for automobiles including Germany; U.K.
Growth Factors:
- Increasing demand for servo motors in the automotive industry for power steering and braking systems.
- Growing demand from the industrial sector for servo motors in applications such as robotics, machine tools, and automated manufacturing processes.
- Increasing use of servo motors in renewable energy applications such as wind turbines and solar panels.
- Rising demand from the medical sector for servo motors in surgical robots and other medical devices.
- Development of new technologies that improve the performance of servo motors, making them more efficient and cost-effective
Scope Of The Report
Report Attributes
Report Details
Report Title
Servo Motor Market Research Report
By Type
DC, AC
By Application
Industrial and Manufacturing, Semiconductor & Electronics, Package Industry, Laboratory Research, Others
By Companies
Electric Motor Solutions, ElectroCraft, Inc., Carter Motor, Dumore Corporation, Specialty Motors Inc, Lenze, MOOG, Siemens, Allen-Bradley, OMRON, PILZ, BECKHOFF, B&R, LAFERT
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Servo Motor Market Report Segments:
The global Servo Motor market is segmented on the basis of:
Types
DC, AC
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 and Manufacturing, Semiconductor & Electronics, Package Industry, Laboratory Research, 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:
- Electric Motor Solutions
- ElectroCraft, Inc.
- Carter Motor
- Dumore Corporation
- Specialty Motors Inc
- Lenze
- MOOG
- Siemens
- Allen-Bradley
- OMRON
- PILZ
- BECKHOFF
- B&R
- LAFERT
Highlights of The Servo 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:
- DC
- AC
- By Application:
- Industrial and Manufacturing
- Semiconductor & Electronics
- Package Industry
- Laboratory Research
- 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 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 servo motor is a type of electric motor that uses feedback from an encoder to control its speed and direction. This allows the servo motor to be controlled with high precision, making it ideal for applications such as robotics and machine controls.
Some of the major players in the servo motor market are Electric Motor Solutions, ElectroCraft, Inc., Carter Motor, Dumore Corporation, Specialty Motors Inc, Lenze, MOOG, Siemens, Allen-Bradley, OMRON, PILZ, BECKHOFF, B&R, LAFERT.
The servo motor 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 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. Servo Motor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Servo Motor Market - Supply Chain
4.5. Global Servo Motor Market Forecast
4.5.1. Servo Motor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Servo Motor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Servo Motor Market Absolute $ Opportunity
5. Global Servo 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. Servo Motor Market Size and Volume Forecast by Type
5.3.1. DC
5.3.2. AC
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Servo 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. Servo Motor Market Size and Volume Forecast by Application
6.3.1. Industrial and Manufacturing
6.3.2. Semiconductor & Electronics
6.3.3. Package Industry
6.3.4. Laboratory Research
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Servo 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. Servo 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 Servo 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. Servo 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 Servo Motor Demand Share Forecast, 2019-2026
9. North America Servo 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 Servo 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 Servo Motor Market Size and Volume Forecast by Application
9.4.1. Industrial and Manufacturing
9.4.2. Semiconductor & Electronics
9.4.3. Package Industry
9.4.4. Laboratory Research
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 Motor Market Size and Volume Forecast by Type
9.7.1. DC
9.7.2. AC
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 Motor Demand Share Forecast, 2019-2026
10. Latin America Servo 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 Servo 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 Servo Motor Market Size and Volume Forecast by Application
10.4.1. Industrial and Manufacturing
10.4.2. Semiconductor & Electronics
10.4.3. Package Industry
10.4.4. Laboratory Research
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 Motor Market Size and Volume Forecast by Type
10.7.1. DC
10.7.2. AC
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 Motor Demand Share Forecast, 2019-2026
11. Europe Servo 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 Servo 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 Servo Motor Market Size and Volume Forecast by Application
11.4.1. Industrial and Manufacturing
11.4.2. Semiconductor & Electronics
11.4.3. Package Industry
11.4.4. Laboratory Research
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 Motor Market Size and Volume Forecast by Type
11.7.1. DC
11.7.2. AC
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Mrket 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 Motor Demand Share, 2019-2026
12. Asia Pacific Servo 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 Servo 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 Servo Motor Market Size and Volume Forecast by Application
12.4.1. Industrial and Manufacturing
12.4.2. Semiconductor & Electronics
12.4.3. Package Industry
12.4.4. Laboratory Research
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 Motor Market Size and Volume Forecast by Type
12.7.1. DC
12.7.2. AC
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 Motor Demand Share, 2019-2026
13. Middle East & Africa Servo 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 Servo 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 Servo Motor Market Size and Volume Forecast by Application
13.4.1. Industrial and Manufacturing
13.4.2. Semiconductor & Electronics
13.4.3. Package Industry
13.4.4. Laboratory Research
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 Motor Market Size and Volume Forecast by Type
13.7.1. DC
13.7.2. AC
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 Motor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Servo Motor Market: Market Share Analysis
14.2. Servo Motor Distributors and Customers
14.3. Servo Motor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Electric Motor Solutions
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ElectroCraft, Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Carter Motor
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dumore Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Specialty Motors Inc
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. MOOG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Siemens
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Allen-Bradley
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. OMRON
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. PILZ
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. BECKHOFF
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. B&R
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. LAFERT
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
