USD 39052.11 million
Micro Motor Market Size, Share, Growth Analysis, By Type(AC and DC), By Technology(Brushed motor, and brushless motor), By Power consumption(Below 9V, 10V-20V, 21V-50V, more than 50V), By Application(Medical equipment, automotive, industrial automation, aircraft), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20I2056 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
117
|Figures:
77
Micro Motor Market Insights
Micro Motor Market size was valued at USD 39052.11 million in 2019 and is poised to grow from USD 40653.25 million in 2023 to USD 56066.2 million by 2031, growing at a CAGR of 4.1% in the forecast period (2024-2031).
Micro motors have many advantages, including faster operation, higher performance, and a greater range of power options. These are used in drilling, polishing, grinding, and a variety of other industrial processes, and are also available in brushed and brushless configurations. Moreover, these motors are widely used in the industrial and aerospace industries, and it ranges in power from 1V to 60V. These are distinguished from other motors by electronic control, a high weight-to-power ratio, and rapid speed. These are found in equipment like portable power tools, computer peripherals, printers, disc drives, and automobiles. The market is expanding due to benefits such as high torque, low noise level, energy savings, and increased operational efficiency. The market is growing as the urban population grows and consumer awareness of environmentally friendly products grows. However, a sluggish automobile industry and high initial capital investment are likely to restrict the market growth.
US Micro Motor Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Brushed motor
Fastest Growth
Brushless motor
Growth Rate
4.1% CAGR
Global Micro Motor Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Micro Motor Market Segmental Analysis
Global Micro Motor Market is segmented based on the type, technology, power consumption, application, and region. Based on type, global Micro Motor Market is segmented into AC and DC. Based on technology, the global market is segmented into brushed motor, and brushless motor. Based on power consumption, the global Micro Motor Market is segmented into below 9V, 10V-20V, 21V-50V, more than 50V. Based on application, the global Micro Motor Market is segmented into medical equipment, automotive, industrial automation, aircraft, and others. Based on region, Micro Motor Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Micro Motor Market Analysis by Type
Based on type, global micro motor market is segmented into AC, and DC. The AC segment is expected to hold the largest share during the forecast period and to grow at the fastest rate due to the use of AC in constant-speed applications and their higher efficiency compared to induction motors, which are factors driving the segment expansion. Furthermore, it is also growing due to the increasing use of synchronous motors due to their availability in convenient sizes, as well as the low cost of permanent magnets.
Micro Motor Market Analysis by Technology
Based on technology, the global micro motor market is segmented into brushed motor, and brushless motor. The brushed motor segment is expected to lead during the forecast period because it accounted for more than half of the global market in 2021. The market is growing due to the benefits of brushed DC motors, such as their simple design, low cost, simplicity, low noise level, and high torque speed.
Brushless motors are expected to grow significantly due to their numerous advantages, which include high efficiency, which produces more torque per watt, lower noise, a relatively longer lifespan, a high torque-to-weight ratio, and the absence of ionising spark from commutators. As a result, the brushless micro motor segment is expected to expand rapidly. Brushless motors are being used in a growing number of plug-in electric vehicles with electromechanically driven powertrain and chassis systems, which has witnessed rapid growth.
Global Micro Motor Market By Technology, 2021 (%)
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Micro Motor Market Regional Insights
The Asia Pacific (APAC) region held the dominant position in the global micro motor market share during the forecast period due to increasing demand and application from various end use industries, increasing technological advancements and demand from emerging countries, growing potential application of micro motor with the advent of technology, and increasing adoption of automation processes in this region. The rapid growth of manufacturing these motors in China is propelling regional growth. China is also a major exporter of automobiles and auto parts. As a result, increased car production in the region is expected to drive market growth during the forecasting years.
North America is however, predicted to grow significantly followed by Europe, during the forecast period due to the presence of the US market, which is the most lucrative market for micro motors. The United States is among the big countries responsible for creating demand because of its developed end-use sectors and infrastructure. Drones used in the US air force and other defense systems will promote market growth in the region.
Global Micro Motor Market By Geography, 2021-2028
- Largest
- Fastest
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Micro Motor Market Dynamics
Micro Motor Market Driver
- Increased automation in industries is one of the principal reasons expected to propel the expansion of the market. This is most visible in the medical industry, which promotes the use of automation to strengthen traditional medical service standards. Using cost-effective options such as micro motors, laboratories can achieve operational automation for testing large amounts of samples quickly and efficiently.
Micro Motor Market Restraint
- Rising maintenance costs for brushed DC motors and increased investment in automated production lines, among other aspects, will limit market growth.
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Micro Motor Market Competitive Landscape
Global micro motor market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Micro Motor Market Top Player's Company Profiles
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Nidec Corporation
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Mabuchi Motor Co. Ltd.
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Minebea Mitsumi Inc.
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Bühler Motor GmbH
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Portescap
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Allied Motion Technologies Inc.
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Faulhaber Group
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Shinano Kenshi Co. Ltd.
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Mitsuba Corporation
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AMETEK Inc.
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Asmo Co. Ltd.
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Mclennan Servo Supplies Ltd.
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COMSOL Inc.
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Oriental Motor Co. Ltd.
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Globe Motors Inc.
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Anaheim Automation Inc.
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Crouzet Automatismes SAS
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TMEIC
Micro Motor Market Recent Developments
- In November 2022, DYU Company launched DYU FF500 fat tire 500W folding electric bike, comes with a 48V/500W high-power motor.
- In November 2022, Honda Motor Company of Japan introduced a new EV model in China.
Micro Motor Key Market Trends
- Micro motors are in high demand from major automotive manufacturers worldwide. Automotive parts and components are in high demand for a variety of applications. The market adoption of various micromotors is being driven by the demand for DC and brushed micromotors. Micromotors are now available in automotive seats to improve massager capabilities. ORVM, power windows, and other key applications of micromotors are seeing increased adoption. As a result of the rise of smart technologies in the automotive sector, demand appears to be much more effective.
Micro Motor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global micro motor market analysis, Asia Pacific held largest global market share due to the increasing industrialization, and growing various manufacturing strategies in the region. Because of developments in technology and manufacturers' adoption of cutting-edge technologies, growth of advanced electric micro motors is now relatively easy. However, failure of the motor due to excessive use and overheating, which may affect the use of these motors, may impede market growth during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 39052.11 million |
| Market size value in 2031 | USD 56066.2 million |
| Growth Rate | 4.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Micro Motor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Micro Motor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Micro Motor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Micro Motor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Micro Motor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Micro Motor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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