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Micro Motors - Global Market Trajectory & Analytics

  • ID: 4805180
  • Report
  • February 2022
  • Region: Global
  • 339 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Ltd.
  • ABShot Tecnics S.L.
  • Bühler Motor GmbH
  • FAULHABER Group
  • Mabuchi Motor Co., Ltd.
  • maxon motor AG

Global Micro Motors Market to Reach $34 Billion by 2026


Micro motors are miniaturized motors used in products in a range of industries, for mobility applications specifically. High energy efficiency, portability and the ability of notifying vibrations are the major attributes of these motors. These attributes make the motors better substitutes to traditional small sized motors in a number of applications. The market for micro motors is mainly driven by rise in industrial automation, increasing demand from medical equipment and automotive industry, growing use in aircraft systems, and emerging applications in communications equipment, home appliance and 3D printers. The growing trend of factory automation in countries across the world and increasing vehicle numbers are the two main factors propelling growth. The rise in lab automation also bodes well for micro motors market driven by growing need for precision motion control solutions. Micro motors find application as miniature piezo motors in medical pipette, telemedicine robots, MRI robot, endoscopy surgical precision, robotic biopsy system, infusion pumps, ultrasound transducer, and pharmaceutical dispensing among others. Demand for ultra-micro motors increased significantly over the past few years driven by rapid communications growth and increased proliferation of micro video games, healthcare equipment and consumer electronics.

Amid the COVID-19 crisis, the global market for Micro Motors estimated at US$26.9 Billion in the year 2020, is projected to reach a revised size of US$34 Billion by 2026, growing at a CAGR of 4.1% over the analysis period. Brushless, one of the segments analyzed in the report, is projected to grow at a 4.5% CAGR to reach US$24.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Brushed segment is readjusted to a revised 3.2% CAGR for the next 7-year period. This segment currently accounts for a 32.1% share of the global Micro Motors market. Brushless motors are expected to witness heightened demand in automotive applications, such as in plug-in electric vehicles with electromechanically-driven powertrain and chassis systems. Thus, the rising sales of electric vehicles in the automotive industry bode well for brushless motors.



The U.S. Market is Estimated at $5.3 Billion in 2021, While China is Forecast to Reach of $8.6 Billion by 2026


The Micro Motors market in the U.S. is estimated at US$5.3 Billion in the year 2021. The country currently accounts for a 19.29% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$8.6 Billion in the year 2026 trailing a CAGR of 5.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR while Rest of European market (as defined in the study) will reach US$9.2 Billion by the end of the analysis period. Asia-Pacific region is expected to witness robust demand for micro motors on account of growing automotive industry, increase in healthcare centers, and rise in mining and construction activities. The growing industrial automation in China offers lucrative growth opportunities in the region.

Select Competitors (Total 70 Featured) -

  • ABB Ltd.
  • ABShot Tecnics S.L.
  • Bühler Motor GmbH
  • Changzhou Fulling Motor Co., Ltd.
  • Constar Micromotor Co., Ltd.
  • FAULHABER Group
  • Johnson Electric Holdings Limited
  • Mabuchi Motor Co., Ltd.
  • maxon motor AG
  • Nidec Corporation
  • Precision Microdrives Limited
  • Printed Motor Works Limited
  • Shinano Kenshi Co., Ltd.
  • Siemens AG
  • Telco Intercontinental Corporation
Frequently Asked Questions about the Global Market for Micro Motors

What is the estimated value of the Global Market for Micro Motors?

The Global Market for Micro Motors was estimated to be valued at $26.9 Billion in 2020.

What is the growth rate of the Global Market for Micro Motors?

The growth rate of the Global Market for Micro Motors is 4.0%, with an estimated value of $34.0 Billion by 2026.

What is the forecasted size of the Global Market for Micro Motors?

The Global Market for Micro Motors is estimated to be worth $34.0 Billion by 2026.

Who are the key companies in the Global Market for Micro Motors?

Key companies in the Global Market for Micro Motors include ABB Ltd., ABShot Tecnics S.L., Bühler Motor GmbH, Changzhou Fulling Motor Co., Ltd., Constar Micromotor Co., Ltd., FAULHABER Group, Johnson Electric Holdings Limited, Mabuchi Motor Co., Ltd. and Nidec Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • ABShot Tecnics S.L.
  • Bühler Motor GmbH
  • FAULHABER Group
  • Mabuchi Motor Co., Ltd.
  • maxon motor AG

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Weak Economic Environment Discourages Market Prospects
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Limited Market Opportunities amid Subdued Industrial Activity
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Despite Moves to Reopen the Economy, Battered Business Confidence Plummets to New Depths: Business Confidence Index (BCI) Points
  • A Prelude to Micro Motors
  • Global Prospects & Outlook for the Micro Motors Market
  • Competition
  • Micro Motors - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • WORLD BRANDS

2. FOCUS ON SELECT PLAYERS

  • Recent Market Activity

3. MARKET TRENDS & DRIVERS

  • As Automation Becomes Part of Growing Industries, Processes and Factories, Demand Rises for Micro Motors
  • Increased Spending on Industrial Automation Spurs Need for Micro Motors: Global Industrial Automation Market (in US$ Billion) for the Years 2019, 2022, 2024 and 2026
  • Factory Automation Opens Up Lucrative Opportunities
  • Growing Use of Robotic Devices Gives Rise to Market Demand
  • Industrial Robot Density (Units Per 10,000 Workers) by Country for the Years 2019 & 2023
  • Industry 4.0 and Smart Factories Trends Present Tremendous Potential for Servo Motors and Drives Market
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020E
  • Automotive Industry’s Shift towards Advanced and Efficient Automation Technologies Augurs Well for the Market
  • Recovery in Automotive Industry Post COVID -19 to Support Demand
  • World Automobile Production in Million Units: 2008-2022
  • Rising Prominence of Energy Efficient Electric Vehicles to Spur Demand for Micro Motors
  • Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018 and 2021
  • Increase in Lab Automation Bodes Well for Micro Motors
  • Increasing Demand for Micro Motors from the Healthcare Sector
  • Role of Micro Motors in Targeted Drug Delivery Systems
  • Increasing Mechanization of Agricultural Operations Boosts Micro Motors Demand
  • Percentage of Mechanization in Agriculture in Select Countries
  • Increasing Demand for Micro Motors from 3D Printing
  • Select Innovations and Advancements
  • Mirmex Motors Develops a Novel Method for High Power Density Micro Motor Windings Production
  • Research Team Develops Micro Motors that can exploit Biological Environment
  • New Structural Color Barcode Micro Motors Developed
  • Bioservo Technologies Develops Ironhand, a Micro Motors-Integrated Robotic Glove

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Micro Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 70
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • ABShot Tecnics S.L.
  • Bühler Motor GmbH
  • Changzhou Fulling Motor Co., Ltd.
  • Constar Micromotor Co., Ltd.
  • FAULHABER Group
  • Johnson Electric Holdings Limited
  • Mabuchi Motor Co., Ltd.
  • maxon motor AG
  • Nidec Corporation
  • Precision Microdrives Limited
  • Printed Motor Works Limited
  • Shinano Kenshi Co., Ltd.
  • Siemens AG
  • Telco Intercontinental Corporation
Note: Product cover images may vary from those shown