Stepper Motor Trends and Forecast
The future of the global stepper motor market looks promising with opportunities in the industrial machinery, medical equipment, packaging machinery, and automotive markets. The global stepper motor market is expected to reach an estimated $1.3 billion by 2030 with a CAGR of 3.1% from 2024 to 2030. The major drivers for this market are rise in the robotics and automation industry, growth in car manufacturing and the quantity of motors a given vehicle uses, as well as, technological innovation in stepper motors.
• Lucintel forecasts that hybrid is expected to witness the highest growth over the forecast period.
• Within this market, automotive will remain the largest segment.
• North America is expected to witness highest growth over the forecast period.
United States - Companies like Applied Motion Products are developing advanced stepper motor technologies for automation and robotics. Government targets focus on promoting domestic manufacturing of stepper motors and incentivizing research and development in the field to bolster the countryÄX%$%Xs competitiveness in the global market.
China - Chinese stepper motor manufacturers, such as Leadshine Technology Co., Ltd., are expanding production capacities to meet growing demand. Government initiatives include promoting technological innovation in the stepper motor industry and supporting companies to achieve higher efficiency and quality standards.
Germany - German companies, like TRINAMIC Motion Control GmbH & Co. KG, are investing in R&D for precision stepper motor systems. Government targets aim to enhance the countryÄX%$%Xs leadership in industrial automation by fostering collaboration between companies and research institutions to develop cutting-edge stepper motor technologies.
Japan - Japanese stepper motor companies, including Oriental Motor Co., Ltd., are focusing on developing energy-efficient and compact motor solutions. Government targets include promoting the adoption of stepper motors in various industries to improve productivity and reduce energy consumption, aligning with sustainability goals.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Stepper Motor by Segment
The study includes a forecast for the global stepper motor by type, motion control, application, and region.
Stepper Motor Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Permanent Magnet
• Hybrid
• Variable Reluctance
Stepper Motor Market by Motion Control [Shipment Analysis by Value from 2018 to 2030]:
• Closed Loop
• Open Loop
Stepper Motor Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Industrial Machinery
• Medical Equipment
• Packaging Machinery
• Automotive
• Others
Stepper Motor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Stepper Motor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies stepper motor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the stepper motor companies profiled in this report include-
• Nippon Pulse America
• AMETEK
• ORIENTAL MOTORS
• MOONS
• Nidec Corporation
• MinebeaMitsumi
• Shinano ABV Technologies
Recent Development in the Stepper Motor Market
Applied Motion Products: Applied Motion Products introduces "Advanced Microstepping Technology" for stepper motors, enhancing precision and performance in automation and robotics applications, catering to the increasing demand for high-quality motion control solutions.
Leadshine Technology: Leadshine Technology expands production capacities for stepper motors in China, aiming to meet growing domestic and international demand for reliable and cost-effective motion control solutions, supporting the automation industryÄX%$%Xs growth.
TRINAMIC Motion Control: TRINAMIC Motion Control invests in research and development for precision stepper motor systems in Germany, focusing on improving motor efficiency and performance to meet the evolving needs of industrial automation and robotics applications.
Oriental Motor: Oriental Motor develops energy-efficient and compact stepper motor solutions in Japan, targeting various industries to improve productivity and reduce energy consumption, aligning with sustainability initiatives and promoting the adoption of stepper motors in the global market.
Features of the Global Stepper Motor Market
Market Size Estimates: Stepper motor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Stepper motor market size by type, motion control, application, and region in terms of value ($B).
Regional Analysis: Stepper motor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, motion control, applications, and regions for the stepper motor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the stepper motor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the stepper motor market size?
Answer: The global stepper motor market is expected to reach an estimated $1.3 billion by 2030.
Q2. What is the growth forecast for stepper motor market?
Answer: The global stepper motor market is expected to grow with a CAGR of 3.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the stepper motor market?
Answer: The major drivers for this market are rise in the robotics and automation industry, growth in car manufacturing and the quantity of motors a given vehicle uses, as well as, technological innovation in stepper motors.
Q4. What are the major segments for stepper motor market?
Answer: The future of the global stepper motor market looks promising with opportunities in the industrial machinery, medical equipment, packaging machinery, and automotive markets.
Q5. Who are the key stepper motor market companies?
Answer: Some of the key stepper motor companies are as follows:
• Nippon Pulse America
• AMETEK
• ORIENTAL MOTORS
• MOONS
• Nidec Corporation
• MinebeaMitsumi
• Shinano ABV Technologies
Q6. Which stepper motor market segment will be the largest in future?
Answer: Lucintel forecasts that hybrid is expected to witness the highest growth over the forecast period.
Q7. In stepper motor market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the stepper motor market by type (permanent magnet, hybrid, and variable reluctance), motion control (closed loop and open loop), application (industrial machinery, medical equipment, packaging machinery, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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