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INDUSTRIAL AUTOMATION & EQUIPMENT

Precision Motor Market Segmentation by Type (Brushless Motor, Brush Motor, AC Motor, and Stepper Motor); by Application (Machine Tools, Power Tools, Blower & Pumps, Industrial Fans, Household Appliances, Electric Engines, and Others); and by End-Use Industry (Automotive, Metal & Heavy Machinery, Food & Beverages, Healthcare, Logistics, Automation & Robotics, Semiconductors & Electronics, Aviation, E-Commerce, and Others) – Global Demand Analysis & Opportunity Outlook 2020-2030

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Extensive insights into the Growth of Precision Motor Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • March 9, 2020: Allied Motion Technologies Inc. announced that it had acquired the market-leading designer and manufacturer of equipment for the medical mobility and rehabilitation markets, and the wholly owned subsidiary of Invacare Corporation, Dynamic Controls Group.

  • August 14, 2019: ABB announced that it had launched to Large AC NEMA motors, namely AXR 5000 and AXR 5800. These new motors are known to deliver more power of 15% over the conventional designs.

Global Precision Motor Market Highlights Over 2020-2030

The global precision motor market is estimated to garner a revenue of USD 103407.75 Million by the end of 2030, by growing with a CAGR of 6.80% over the forecast period, i.e., 2021 – 2030. Moreover, the market garnered a revenue of USD 53560.0 Million in the year 2020. The growth of the market can be attributed to the increasing sales of vehicles worldwide, rising adoption of electric vehicles, and the increasing use of precision motors in healthcare, aerospace and defense industries. According to the statistics by the International Energy Agency (IEA), the global battery electric vehicle stock in the year 2019 touched 4.79 Million, up from 0.72 Million in 2015. The automotive industry is moving towards electric mobility, backed by the rising awareness for the environment and the increasing favorable initiatives of the government of nations worldwide. Precision motors are used massively in different components of an electric vehicle, including wheels, radiator fans, water pumps, and others. These motors are also used widely in different healthcare equipment. Growing advancements in the healthcare industry, and the surge in advancements in medical equipment are also anticipated to act as a major factor for the growth of the global precision motor market during the forecast period.

Precision Motor Market Graph

Global Precision Motor Market Regional Synopsis

Regionally, the global precision motor market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is anticipated to hold the highest market share during the forecast period and further touch a market revenue of USD 57391.30 Million by the end of 2030, up from USD 27178.10 Million in 2020. The market in the region is further projected to grow with the highest CAGR of 7.76% during the forecast period. One of the major factors anticipated to contribute to the growth of the market in the region is the growing ICT industry in countries such as China, Japan, and India. Moreover, increasing demand for precision motors from the end-user industries in the region, is also expected to create numerous opportunities for market growth. In addition, increasing trade of electric motors from China, which is also known to be the world’s largest exporter of electric motors, is also projected to boost the market growth in the region. According to the statistics by the International Trade Center (ITC), the value of exports of electric motors and generators (excluding generating sets), in China, increased from USD 10480806 Thousand in the year 2016 to USD 11845163 Thousand in the year 2018. The market in the region is further segmented by country into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. Out of these, the market in China is expected to garner the largest market revenue of USD 28236.52 Million by the end of 2030, and also grow with the highest CAGR of 8.97% during the forecast period.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). CLICK TO DOWNLOAD SAMPLE REPORT

Growth Drivers and Challenges Impacting the Growth of the Global Precision Motor Market

Growth Drivers

  • Increasing Adoption of Electric Vehicles in the Automobile Industry
  • Growing Use of Precision Motors in Healthcare, Aerospace and Defense Industries

Challenges

  • Fluctuating Price of Raw Materials
  • High Maintenance Cost

Global Precision Motor Market Segmentation Synopsis

The global precision motor market is segmented by type into brushless motors, brush motors, AC motors, and stepper motors. Out of these, the AC motors segment is anticipated to garner the largest market revenue of USD 53668.62 Million by the end of 2030, up from USD 27262.56 Million in 2020. The segment is also anticipated to grow with the highest CAGR of 7.01% during the forecast period. On the basis of application, the market is segmented into machine tools, power tools, blowers & pumps, industrial fans, household appliances, electric engines, and others. Out of these segments, the machine tools segment registered the largest revenue of USD 15045.55 Million in the year 2020 and is further expected to touch USD 30195.06 Million by the end of 2030, by growing with the highest CAGR of 7.21% during the forecast period. Moreover, by end-use industry, the market is segmented into automotive, metal & heavy machinery, food & beverages, healthcare, logistics, automation & robotics, semiconductors & electronics, aviation, e-commerce, and others. Amongst these segments, the automotive segment is projected to hold the highest market share and also grow with the largest revenue of USD 33266.27 Million by the end of 2030.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global precision motor market that are included in our report are AMETEK, Inc., ARC Systems Inc., Allied Motion Technologies, Inc., Siemens Limited, ABB, Yaskawa Electric Corporation, Nidec Motor Corporation, OMRON Corporation, Regal Beloit Corporation, maxon motor ag, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Market Definition and Research Methodology
    1. Market Definition and Segmentation
    2. Assumptions and Acronyms
    3. Research Objective
    4. Research Methodology
  2. Executive Summary
  3. Market Dynamics
    1. Drivers
    2. Challenges
    3. Trends
    4. Opportunities
  4. Industry Analysis
    1. Value Chain Analysis
    2. Pricing Analysis
  5. Use Case Analysis – Automated Guided Vehicle
    1. Analysis on Precision Motors in Automated Guided Vehicle
    2. Region Wise Market Share Analysis
  6. Impact of COVID-19 on the Precision Motors
  7. Global Precision Motors Market
    1. Market Overview – Market Size (2020–2030)
    2. Market segmentation by:
      1. Type
        1. Brushless Motors, 2020-2030 (in USD Million)
        2. Brush Motors, 2020-2030 (in USD Million)
        3. AC Motors, 2020-2030 (in USD Million)
        4. Stepper Motors, 2020-2030 (in USD Million)
      2. Application
        1. Machine Tools, 2020-2030F (USD million)
        2. Power Tools, 2020-2030F (USD million)
        3. Blowers & Pumps, 2020-2030F (USD million)
        4. Industrial Fans, 2020-2030F (USD million)
        5. Household Appliances, 2020-2030F (USD million)
        6. Electric Engines, 2020-2030F (USD million)
        7. Others, 2020-2030F (USD million)
      3. End-Use Industry
        1. Automotive, 2020-2030F (USD million)
        2. Metal & Heavy Machinery, 2020-2030F (USD million)
        3. Food & Beverages, 2020-2030F (USD million)
        4. Healthcare, 2020-2030F (USD million)
        5. Logistics, 2020-2030F (USD million)
        6. Automation & Robotics, 2020-2030F (USD million)
        7. Semiconductors & Electronics, 2020-2030F (USD million)
        8. Aviation, 2020-2030F (USD million)
        9. E-Commerce, 2020-2030F (USD million)
        10. Others, 2020-2030F (USD million)
      4. Region
        1. North America, 2020-2030 (in USD Million)
        2. Europe, 2020-2030 (in USD Million)
        3. Asia Pacific, 2020-2030 (in USD Million)
        4. Latin America, 2020-2030 (in USD Million)
        5. Middle East and Africa, 2020-2030 (in USD Million)
  8. North America Precision Motors Market
    1. Market Overview – Market Size (2020–2030)
    2. Market segmentation by:
      1. Type
        1. Brushless Motors, 2020-2030 (in USD Million)
        2. Brush Motors, 2020-2030 (in USD Million)
        3. AC Motors, 2020-2030 (in USD Million)
        4. Stepper Motors, 2020-2030 (in USD Million)
      2. Application
        1. Machine Tools, 2020-2030F (USD million)
        2. Power Tools, 2020-2030F (USD million)
        3. Blowers & Pumps, 2020-2030F (USD million)
        4. Industrial Fans, 2020-2030F (USD million)
        5. Household Appliances, 2020-2030F (USD million)
        6. Electric Engines, 2020-2030F (USD million)
        7. Others, 2020-2030F (USD million)
      3. End-Use Industry
        1. Automotive, 2020-2030F (USD million)
        2. Metal & Heavy Machinery, 2020-2030F (USD million)
        3. Food & Beverages, 2020-2030F (USD million)
        4. Healthcare, 2020-2030F (USD million)
        5. Logistics, 2020-2030F (USD million)
        6. Automation & Robotics, 2020-2030F (USD million)
        7. Semiconductors & Electronics, 2020-2030F (USD million)
        8. Aviation, 2020-2030F (USD million)
        9. E-Commerce, 2020-2030F (USD million)
        10. Others, 2020-2030F (USD million)
      4. Country
        1. US, 2020-2030 (in USD Million)
        2. Canada, 2020-2030 (in USD Million)
  9. Europe
    1. Market Overview – Market Size (2020–2030)
    2. Market segmentation by:
      1. Type
      2. Application
      3. End-Use Industry
      4. Country
        1. UK, 2020-2030 (in USD Million)
        2. Germany, 2020-2030 (in USD Million)
        3. Italy, 2020-2030 (in USD Million)
        4. France, 2020-2030 (in USD Million)
        5. Netherlands, 2020-2030 (in USD Million)
        6. Russia, 2020-2030 (in USD Million)
        7. Spain, 2020-2030 (in USD Million)
        8. Rest of Europe, 2020-2030 (in USD Million)
  10. Asia Pacific
    1. Market Overview – Market Size (2020–2030)
    2. Market segmentation by:
      1. Type
      2. Application
      3. End-Use Industry
      4. Country
        1. Japan, 2020-2030 (in USD Million)
        2. India, 2020-2030 (in USD Million)
        3. China, 2020-2030 (in USD Million)
        4. South Korea, 2020-2030 (in USD Million)
        5. Australia, 2020-2030 (in USD Million)
        6. Rest of Asia Pacific, 2020-2030 (in USD Million)
  11. Latin America
    1. Market Overview – Market Size (2020–2030)
    2. Market segmentation by:
      1. Type
      2. Application
      3. End-Use Industry
      4. Country
        1. Brazil, 2020-2030 (in USD Million)
        2. Argentina, 2020-2030 (in USD Million)
        3. Mexico, 2020-2030 (in USD Million)
        4. Rest of LATAM, 2020-2030 (in USD Million)
  12. Middle East & Africa
    1. Market Overview – Market Size (2020–2030)
    2. Market segmentation by:
      1. Type
      2. Application
      3. End-Use Industry
      4. Country
        1. GCC, 2020-2030 (in USD Million)
        2. Israel, 2020-2030 (in USD Million)
        3. South Africa, 2020-2030 (in USD Million)
        4. Rest of Asia Pacific, 2020-2030 (in USD Million)
  13. Competitive Landscape
    1. AMETEK, Inc.
    2. ARC Systems, Inc.
    3. Allied Motion Technologies, Inc.
    4. Siemens Limited
    5. ABB
    6. Yaskawa Electric Corporation
    7. Nidec Motor Corporation
    8. OMRON Corporation
    9. Regal Beloit Corporation
    10. maxon motor ag

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