Market Overview:
The global stepper 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 stepper motors in various applications, such as CNC machine tool, industrial automation, office automation, printing equipment and other applications. In terms of type, the variable-reluctance (VR) segment is expected to lead the global stepper motor market during the forecast period. This can be attributed to its low cost and high efficiency as compared to other types of stepper motors.
Product Definition:
A stepper motor is an electromechanical device that converts electrical pulses into discrete mechanical movements. The important feature of a stepper motor is that it can be accurately controlled in both its position and velocity.
Variable-reluctance (VR):
Variable-reluctance (VR) is the variable resistance that can be controlled by changing the magnetic field strength. It helps in increasing/ decreasing step rate and torque, which is very helpful for manufacturing robots or other industrial applications. The technology has evolved over decades with various developments such as permanent magnet material, superconducting magnets, and advanced wound rotor design to achieve high efficiency at low cost.
Permanent Magnet (PM):
Permanent magnet (PM) is a type of magnetic material that has non-changing properties under the influence of external fields. Permanent magnets are produced from materials such as iron, nickel, and neodymium. The most common application of permanent magnets is in loudspeakers as they have high permeability for low frequencies and high permeability for high frequencies.
Application Insights:
The global stepper motor market has been segmented on the basis of application into CNC machine tools, industrial automation, office automation, printing equipment and other applications. The CNC machine tool segment accounted for a major share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for precision machined products from various industries such as automotive and aerospace.
The industrial automation application segment is also expected to witness considerable growth over the forecast period owing to its rising adoption in manufacturing facilities across emerging economies including China India and Brazil. In addition, growing investments by governments in developing advanced manufacturing sectors are likely to boost product demand over the coming years.
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 increasing industrialization, rising adoption of office automation, and rapid technological advancements in manufacturing industries. China is a major contributor towards regional growth owing to its large-scale production of stepper motors. Moreover, India has also witnessed significant demand for these motors due to growing automation across various industries including food & beverage; healthcare; transportation & logistics; banking & financial services; government sector among others.
The Asia Pacific region is anticipated witness substantial growth over the forecast period owing to increasing investments by foreign players such as Nidec Corporation (Japan), Sinovel (China) and Siemens AG (Germany). For instance, in November 2016, Sinovel announced plans for investing USD X million by 2018 end for expanding its production capacity at Neuchatel city of Switzerland with an aim toward catering demand from Europe and other regions worldwide.
Growth Factors:
- Increasing demand for automation in various industries
- Rising adoption of stepper motors in 3D printing and robotics applications
- Growing demand for precision motion control systems
- Proliferation of micro-stepping drives and controllers
- Technological advancements in stepper motor designs and manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Stepper Motor Market Research Report
By Type
Variable-reluctance (VR), Permanent Magnet (PM), Hybrid (HB)
By Application
CNC Machine Tool, Industrial Automation, Office Automation, Printing Equipment, Other
By Companies
Shinano Kenshi, Minebea, Nippon Pulse Motor, Haydon Kerk Motion Solutions, Oriental Motor, Panasonic, Mechtex, Anaheim Automation, ElectroCraft, Nanotec Electronic, Kollemorgen, Bosch Rexroth, TECO Electro Devices, Changzhou Leili, Moons, Fengyuan Micro & Special Motors, Mige (Jiangte), Zhejiang Founder Motor, Changzhou Baolai Electric Appliance, Hetai Motor, DINGS' Electrical & Mechanical, CW Motor, GBM
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Stepper Motor Market Report Segments:
The global Stepper Motor market is segmented on the basis of:
Types
Variable-reluctance (VR), Permanent Magnet (PM), Hybrid (HB)
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
CNC Machine Tool, Industrial Automation, Office Automation, Printing Equipment, 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:
- Shinano Kenshi
- Minebea
- Nippon Pulse Motor
- Haydon Kerk Motion Solutions
- Oriental Motor
- Panasonic
- Mechtex
- Anaheim Automation
- ElectroCraft
- Nanotec Electronic
- Kollemorgen
- Bosch Rexroth
- TECO Electro Devices
- Changzhou Leili
- Moons
- Fengyuan Micro & Special Motors
- Mige (Jiangte)
- Zhejiang Founder Motor
- Changzhou Baolai Electric Appliance
- Hetai Motor
- DINGS' Electrical & Mechanical
- CW Motor
- GBM
Highlights of The Stepper 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:
- Variable-reluctance (VR)
- Permanent Magnet (PM)
- Hybrid (HB)
- By Application:
- CNC Machine Tool
- Industrial Automation
- Office Automation
- Printing Equipment
- 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 Stepper 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
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- 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 stepper motor is a type of electric motor that uses stepping motors to produce rotational motion. Stepping motors are often used in robotics and other applications where precise, repeatable movement is required.
Some of the major players in the stepper motor market are Shinano Kenshi, Minebea, Nippon Pulse Motor, Haydon Kerk Motion Solutions, Oriental Motor, Panasonic, Mechtex, Anaheim Automation, ElectroCraft, Nanotec Electronic, Kollemorgen, Bosch Rexroth, TECO Electro Devices, Changzhou Leili, Moons, Fengyuan Micro & Special Motors, Mige (Jiangte), Zhejiang Founder Motor, Changzhou Baolai Electric Appliance, Hetai Motor, DINGS' Electrical & Mechanical, CW Motor, GBM.
The stepper motor market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Stepper 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. Stepper Motor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Stepper Motor Market - Supply Chain
4.5. Global Stepper Motor Market Forecast
4.5.1. Stepper Motor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Stepper Motor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Stepper Motor Market Absolute $ Opportunity
5. Global Stepper 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. Stepper Motor Market Size and Volume Forecast by Type
5.3.1. Variable-reluctance (VR)
5.3.2. Permanent Magnet (PM)
5.3.3. Hybrid (HB)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Stepper 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. Stepper Motor Market Size and Volume Forecast by Application
6.3.1. CNC Machine Tool
6.3.2. Industrial Automation
6.3.3. Office Automation
6.3.4. Printing Equipment
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Stepper 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. Stepper 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 Stepper 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. Stepper 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 Stepper Motor Demand Share Forecast, 2019-2026
9. North America Stepper 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 Stepper 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 Stepper Motor Market Size and Volume Forecast by Application
9.4.1. CNC Machine Tool
9.4.2. Industrial Automation
9.4.3. Office Automation
9.4.4. Printing Equipment
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Stepper Motor Market Size and Volume Forecast by Type
9.7.1. Variable-reluctance (VR)
9.7.2. Permanent Magnet (PM)
9.7.3. Hybrid (HB)
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 Stepper Motor Demand Share Forecast, 2019-2026
10. Latin America Stepper 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 Stepper 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 Stepper Motor Market Size and Volume Forecast by Application
10.4.1. CNC Machine Tool
10.4.2. Industrial Automation
10.4.3. Office Automation
10.4.4. Printing Equipment
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Stepper Motor Market Size and Volume Forecast by Type
10.7.1. Variable-reluctance (VR)
10.7.2. Permanent Magnet (PM)
10.7.3. Hybrid (HB)
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 Stepper Motor Demand Share Forecast, 2019-2026
11. Europe Stepper 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 Stepper 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 Stepper Motor Market Size and Volume Forecast by Application
11.4.1. CNC Machine Tool
11.4.2. Industrial Automation
11.4.3. Office Automation
11.4.4. Printing Equipment
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Stepper Motor Market Size and Volume Forecast by Type
11.7.1. Variable-reluctance (VR)
11.7.2. Permanent Magnet (PM)
11.7.3. Hybrid (HB)
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 Stepper Motor Demand Share, 2019-2026
12. Asia Pacific Stepper 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 Stepper 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 Stepper Motor Market Size and Volume Forecast by Application
12.4.1. CNC Machine Tool
12.4.2. Industrial Automation
12.4.3. Office Automation
12.4.4. Printing Equipment
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Stepper Motor Market Size and Volume Forecast by Type
12.7.1. Variable-reluctance (VR)
12.7.2. Permanent Magnet (PM)
12.7.3. Hybrid (HB)
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 Stepper Motor Demand Share, 2019-2026
13. Middle East & Africa Stepper 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 Stepper 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 Stepper Motor Market Size and Volume Forecast by Application
13.4.1. CNC Machine Tool
13.4.2. Industrial Automation
13.4.3. Office Automation
13.4.4. Printing Equipment
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Stepper Motor Market Size and Volume Forecast by Type
13.7.1. Variable-reluctance (VR)
13.7.2. Permanent Magnet (PM)
13.7.3. Hybrid (HB)
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 Stepper Motor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Stepper Motor Market: Market Share Analysis
14.2. Stepper Motor Distributors and Customers
14.3. Stepper Motor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shinano Kenshi
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Minebea
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nippon Pulse 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. Haydon Kerk Motion Solutions
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Oriental Motor
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Panasonic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mechtex
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Anaheim Automation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ElectroCraft
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nanotec Electronic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kollemorgen
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bosch Rexroth
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. TECO Electro Devices
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Changzhou Leili
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Moons
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Fengyuan Micro & Special Motors
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Mige (Jiangte)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Zhejiang Founder 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. Changzhou Baolai Electric Appliance
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Hetai Motor
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
