Title:
Stepper Motor Market Research Report: By Type (Permanent Magnet, Variable Reluctance, Hybrid), Motion Control (Open Loop, Closed Loop), End Use (Industrial Machinery, Medical Equipment, Packaging & Labeling Machinery, Consumer Electronics) - Global Industry Analysis and Growth Forecast to 2030.
Industrial processes are quickly becoming automated in order to increase the efficiency and productivity in industries. As the population across the globe is increasing, there is an increasing need for enhancing productivity. Ascribed to this, the robotics and automation industry is witnessing rapid growth. An increasing number of people are becoming aware regarding the advantages of industrial robots, such as suitability as autonomous vehicles and provision of personal assistance on the floor.
This expansion of the robotics and automation industry is expected to result in the increasing demand for stepper motors across the globe. A stepper motor is a DC motor that moves in discrete steps. These devices have a number of coils organized in groups called phases. The motor rotates one step at a time by energizing each phase in sequence. Stepper motors are primarily utilized in various kinds of precision motion control applications. These devices are available in different styles, sizes, and electrical characteristics.
The global stepper motor market is predicted to register growth in the coming years, owing to the rising requirement for miniature stepper motor. This is because of the increasing penetration of these devices in several electronic applications. A miniature stepper motor has a low-power step rate, and is designed for meeting electronic devices' size constraints. They are being utilized in industrial automation systems, digital cameras and lenses, computer peripherals, and electronic toys and games.
The stepper motor market is predicted to generate a revenue of $3.7 billion by 2030, increasing from $2.5 billion in 2019, progressing at a 3.4% during the forecast period (2020-2030). On the basis of type, the market is divided into hybrid, permanent magnet, and variable reluctance, out of which, the hybrid division is expected to register the fastest growth during the forecast period. This type of stepper motor works on principles of both variable reluctance and permanent magnet stepper motors, thereby offering high output torque, faster acceleration and response, and high pulse rate.
In terms of end user, the market is categorized into consumer electronics, industrial machinery, packaging & labeling machinery, and medical equipment. Among all these, the medical equipment category is expected to register the fastest growth during the forecast period. Stepper motors are utilized in a several medical equipment, including drug delivery systems, blood analysis machinery, ventilation systems, orthopedic devices, and power tools. Apart from this, the industrial machinery category held the major share of the market in the past.
According to a study conducted by P&S Intelligence, the stepper motor market was dominated by Asia-Pacific in 2019. The region is further predicted to create the largest demand for these devices during the forecast period as well because of the increasing use of stepper motors in motion control systems, majorly in China and Japan, and presence of key automotive manufacturers in countries including South Korea, China, Japan, and India.
In conclusion, the market is being driven by expanding robotics and automation industry and increasing demand for miniature stepper motors.
Table of Contents
Chapter 1. Research Background
- 1.1 Research Objectives
- 1.2 Market Definition
- 1.3 Research Scope
- 1.3.1 Market Segmentation by Type
- 1.3.2 Market Segmentation by Motion Control
- 1.3.3 Market Segmentation by End Use
- 1.3.4 Market Segmentation by Region
- 1.3.5 Analysis Period
- 1.3.6 Market Data Reporting Unit
- 1.4 Key Stakeholders
Chapter 2. Research Methodology
- 2.1 Secondary Research
- 2.2 Primary Research
- 2.2.1 Breakdown of Primary Research Respondents
- 2.2.1.1 By region
- 2.2.1.2 By industry participant
- 2.2.1.3 By company type
- 2.3 Market Size Estimation
- 2.4 Data Triangulation
- 2.5 Currency Conversion Rates
- 2.6 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
- 4.1 Definition of Market Segments
- 4.1.1 By Type
- 4.1.1.1 Permanent magnet
- 4.1.1.2 Variable reluctance
- 4.1.1.3 Hybrid
- 4.1.2 By Motion Control
- 4.1.2.1 Closed loop
- 4.1.2.2 Open loop
- 4.1.3 By End Use
- 4.1.3.1 Industrial machinery
- 4.1.3.2 Medical equipment
- 4.1.3.3 Packaging & labeling machinery
- 4.1.3.4 Consumer electronics
- 4.1.3.5 Others
- 4.2 Value Chain Analysis
- 4.3 Market Dynamics
- 4.3.1 Trends
- 4.3.1.1 Increasing usage of stepper motors in healthcare industry
- 4.3.1.2 Increasing use of waterproof stepper motors
- 4.3.2 Drivers
- 4.3.2.1 Technological advancements in stepper motors
- 4.3.2.2 Increasing demand for miniature stepper motors
- 4.3.2.3 Rapid growth of robotics and automation industry
- 4.3.2.4 Impact analysis of drivers on market forecast
- 4.3.3 Restraints
- 4.3.3.1 Stiff competition from servo motors
- 4.3.3.2 Impact analysis of restraints on market forecast
- 4.3.4 Opportunities
- 4.3.4.1 Integration of field programmable gate arrays (FPGA)-based motion controllers in stepper motors
- 4.4 Impact of COVID-19 on Stepper Motor Market
- 4.4.1 Assessment of COVID-19 impact on GDP of various Economies
- 4.4.2 GDP Growth Rate (2019)
- 4.4.3 GDP Growth Rate (2020)
- 4.4.4 GDP Growth Rate Projection for 2021
- 4.4.5 Supply-Side Analysis
- 4.4.6 Demand-Side Analysis
- 4.5 Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Buyers
- 4.5.2 Bargaining Power of Suppliers
- 4.5.3 Intensity of Rivalry
- 4.5.4 Threat of New Entrants
- 4.5.5 Threat of Substitutes
Chapter 5. Global Market Size and Forecast
- 5.1 By Type
- 5.2 By Motion Control
- 5.3 By End Use
- 5.4 By Region
Chapter 6. North America Market Size and Forecast
- 6.1 By Type
- 6.2 By Motion Control
- 6.3 By End Use
- 6.4 By Country
- 6.4.1 U.S. Stepper Motor Market, by Type
Chapter 7. Europe Market Size and Forecast
- 7.1 By Type
- 7.2 By Motion Control
- 7.3 By End Use
- 7.4 By Country
- 7.4.1 Germany Stepper Motor Market, by Type
Chapter 8. APAC Market Size and Forecast
- 8.1 By Type
- 8.2 By Motion Control
- 8.3 By End Use
- 8.4 By Country
- 8.4.1 China Stepper Motor Market, by Type
Chapter 9. RoW Market Size and Forecast
- 9.1 By Type
- 9.2 By Motion Control
- 9.3 By End Use
- 9.4 By Country
Chapter 10. Competitive Landscape
- 10.1 List of Players and Their Offerings
- 10.2 Ranking Analysis of Key Players
- 10.3 Comparison of Market Players
- 10.4 Strategic Developments of Market Players
- 10.4.1 Mergers & Acquisitions
- 10.4.2 Product Launches
- 10.4.3 Partnerships
- 10.4.4 Geographic Expansion
- 10.4.5 Client Wins
Chapter 11. Company Profiles
- 11.1 Changzhou Fulling Motors Co. Ltd.
- 11.1.1 Business Overview
- 11.1.2 Product and Service Offerings
- 11.2 Sanyo Denki Co. Ltd.
- 11.2.1 Business Overview
- 11.2.2 Product and Service Offerings
- 11.3 ORIENTAL MOTOR CO. LTD.
- 11.3.1 Business Overview
- 11.3.2 Product and Service Offerings
- 11.4 MOOG Inc.
- 11.4.1 Business Overview
- 11.4.2 Product and Service Offerings
- 11.4.3 Key Financial Summary
- 11.5 MinebeaMitsumi Inc.
- 11.5.1 Business Overview
- 11.5.2 Product and Service Offerings
- 11.5.3 Key Financial Summary
- 11.6 Shinano Kenshi Co. Ltd.
- 11.6.1 Business Overview
- 11.6.2 Product and Service Offerings
- 11.7 Nippon Pulse Motor Co. Ltd.
- 11.7.1 Business Overview
- 11.7.2 Product and Service Offerings
- 11.8 ABB Ltd.
- 11.8.1 Business Overview
- 11.8.2 Product and Service Offerings
- 11.8.3 Key Financial Summary
- 11.9 Applied Motion Products Inc.
- 11.9.1 Business Overview
- 11.9.2 Product and Service Offerings
- 11.10 Phytron GmbH
- 11.10.1 Business Overview
- 11.10.2 Product and Service Offerings
- 11.11 Shanghai MOONS Electric Co. Ltd.
- 11.11.1 Business Overview
- 11.11.2 Product and Service Offerings
- 11.12 Microchip Technology Incorporated
- 11.12.1 Business Overview
- 11.12.2 Product and Service Offerings
- 11.12.3 Key Financial Summary
Chapter 12. Appendix
- 12.1 Abbreviations
- 12.2 Sources and References
- 12.3 Related Reports
List of Tables
- TABLE 1 ANALYSIS PERIOD OF THE STUDY
- TABLE 2 GLOBAL STEPPER MOTOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 3 GLOBAL STEPPER MOTOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 4 GLOBAL STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2014-2019)
- TABLE 5 GLOBAL STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2020-2030)
- TABLE 6 GLOBAL STEPPER MOTOR MARKET, BY END USE, $M (2014-2019)
- TABLE 7 GLOBAL STEPPER MOTOR MARKET, BY END USE, $M (2020-2030)
- TABLE 8 GLOBAL STEPPER MOTOR MARKET, BY REGION, $M (2014-2019)
- TABLE 9 GLOBAL STEPPER MOTOR MARKET, BY REGION, $M (2020-2030)
- TABLE 10 NORTH AMERICA STEPPER MOTOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 11 NORTH AMERICA STEPPER MOTOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 12 NORTH AMERICA STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2014-2019)
- TABLE 13 NORTH AMERICA STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2020-2030)
- TABLE 14 NORTH AMERICA STEPPER MOTOR MARKET, BY END USE, $M (2014-2019)
- TABLE 15 NORTH AMERICA STEPPER MOTOR MARKET, BY END USE, $M (2020-2030)
- TABLE 16 NORTH AMERICA STEPPER MOTOR MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 17 NORTH AMERICA STEPPER MOTOR MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 18 U.S. STEPPER MOTOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 19 U.S. STEPPER MOTOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 20 EUROPE STEPPER MOTOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 21 EUROPE STEPPER MOTOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 22 EUROPE STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2014-2019)
- TABLE 23 EUROPE STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2020-2030)
- TABLE 24 EUROPE STEPPER MOTOR MARKET, BY END USE, $M (2014-2019)
- TABLE 25 EUROPE STEPPER MOTOR MARKET, BY END USE, $M (2020-2030)
- TABLE 26 EUROPE STEPPER MOTOR MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 27 EUROPE STEPPER MOTOR MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 28 GERMANY STEPPER MOTOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 29 GERMANY STEPPER MOTOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 30 APAC STEPPER MOTOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 31 APAC STEPPER MOTOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 32 APAC STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2014-2019)
- TABLE 33 APAC STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2020-2030)
- TABLE 34 APAC STEPPER MOTOR MARKET, BY END USE, $M (2014-2019)
- TABLE 35 APAC STEPPER MOTOR MARKET, BY END USE, $M (2020-2030)
- TABLE 36 APAC STEPPER MOTOR MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 37 APAC STEPPER MOTOR MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 38 CHINA STEPPER MOTOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 39 CHINA STEPPER MOTOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 40 ROW STEPPER MOTOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 41 ROW STEPPER MOTOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 42 ROW STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2014-2019)
- TABLE 43 ROW STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2020-2030)
- TABLE 44 ROW STEPPER MOTOR MARKET, BY END USE, $M (2014-2019)
- TABLE 45 ROW STEPPER MOTOR MARKET, BY END USE, $M (2020-2030)
- TABLE 46 ROW STEPPER MOTOR MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 47 ROW STEPPER MOTOR MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 48 LIST OF PLAYERS AND THEIR OFFERINGS
- TABLE 49 COMPARISON OF MARKET PLAYERS
- TABLE 50 CHANGZHOU FULLING MOTORS CO. LTD. - AT A GLANCE
- TABLE 51 SANYO DENKI CO. LTD. - AT A GLANCE
- TABLE 52 SANYO DENKI CO. LTD. - KEY FINANCIAL SUMMARY
- TABLE 53 ORIENTAL MOTOR CO. LTD. - AT A GLANCE
- TABLE 54 MOOG INC. - AT A GLANCE
- TABLE 55 MOOG INC. - KEY FINANCIAL SUMMARY
- TABLE 56 MINEBEAMITSUMI INC. - AT A GLANCE
- TABLE 57 MINEBEAMITSUMI INC. - KEY FINANCIAL SUMMARY
- TABLE 58 SHINANO KENSHI CO. LTD. - AT A GLANCE
- TABLE 59 NIPPON PULSE MOTOR CO. LTD. - AT A GLANCE
- TABLE 60 ABB LTD. - AT A GLANCE
- TABLE 61 ABB LTD. - KEY FINANCIAL SUMMARY
- TABLE 62 APPLIED MOTION PRODUCTS INC. - AT A GLANCE
- TABLE 63 PHYTRON GMBH - AT A GLANCE
- TABLE 64 SHANGHAI MOONS ELECTRIC CO. LTD. - AT A GLANCE
- TABLE 65 MICROCHIP TECHNOLOGY INCORPORATED - AT A GLANCE
- TABLE 66 MICROCHIP TECHNOLOGY INCORPORATED - KEY FINANCIAL SUMMARY
-
List of Figures
- FIG 1 RESEARCH SCOPE
- FIG 2 RESEARCH METHODOLOGY
- FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY REGION
- FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
- FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
- FIG 6 DATA TRIANGULATION APPROACH
- FIG 7 CURRENCY CONVERSION RATES FOR USD (2019)
- FIG 8 GLOBAL STEPPER MOTOR MARKET SUMMARY
- FIG 9 VALUE CHAIN ANALYSIS OF STEPPER MOTOR MARKET
- FIG 10 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
- FIG 11 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
- FIG 12 IMPACT ANALYSIS OF COVID-19 ON GDP
- FIG 13 GLOBAL GDP GROWTH RATE (2019)
- FIG 14 GLOBAL GDP GROWTH RATE (2020)
- FIG 15 GLOBAL GDP GROWTH PROJECTION (2021)
- FIG 16 BARGAINING POWER OF BUYERS
- FIG 17 BARGAINING POWER OF SUPPLIERS
- FIG 18 INTENSITY OF RIVALRY
- FIG 19 THREAT OF NEW ENTRANTS
- FIG 20 THREAT OF SUBSTITUTES
- FIG 21 GLOBAL STEPPER MOTOR MARKET, BY TYPE, $M (2014-2030)
- FIG 22 GLOBAL STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2014-2030)
- FIG 23 GLOBAL STEPPER MOTOR MARKET, BY END USE, $M (2014-2030)
- FIG 24 WORLDWIDE MAJOR MARKETS FOR STEPPER MOTORS
- FIG 25 NORTH AMERICA STEPPER MOTOR MARKET SNAPSHOT
- FIG 26 NORTH AMERICA STEPPER MOTOR MARKET, BY TYPE, $M (2014-2030)
- FIG 27 NORTH AMERICA STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2014-2030)
- FIG 28 NORTH AMERICA STEPPER MOTOR MARKET, BY END USE, $M (2014-2030)
- FIG 29 NORTH AMERICA STEPPER MOTOR MARKET, BY COUNTRY, $M (2014-2030)
- FIG 30 U.S. STEPPER MOTOR MARKET, BY TYPE, $M (2014-2030)
- FIG 31 EUROPE STEPPER MOTOR MARKET SNAPSHOT
- FIG 32 EUROPE STEPPER MOTOR MARKET, BY TYPE, $M (2014-2030)
- FIG 33 EUROPE STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2014-2030)
- FIG 34 EUROPE STEPPER MOTOR MARKET, BY END USE, $M (2014-2030)
- FIG 35 EUROPE STEPPER MOTOR MARKET, BY COUNTRY, $M (2014-2030)
- FIG 36 GERMANY STEPPER MOTOR MARKET, BY TYPE, $M (2014-2030)
- FIG 37 APAC STEPPER MOTOR MARKET SNAPSHOT
- FIG 38 APAC STEPPER MOTOR MARKET, BY TYPE, $M (2014-2030)
- FIG 39 APAC STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2014-2030)
- FIG 40 APAC STEPPER MOTOR MARKET, BY END USE, $M (2014-2030)
- FIG 41 APAC STEPPER MOTOR MARKET, BY COUNTRY, $M (2014-2030)
- FIG 42 CHINA STEPPER MOTOR MARKET, BY TYPE, $M (2014-2030)
- FIG 43 ROW STEPPER MOTOR MARKET SNAPSHOT
- FIG 44 ROW STEPPER MOTOR MARKET, BY TYPE, $M (2014-2030)
- FIG 45 ROW STEPPER MOTOR MARKET, BY MOTION CONTROL, $M (2014-2030)
- FIG 46 ROW STEPPER MOTOR MARKET, BY END USE, $M (2014-2030)
- FIG 47 ROW STEPPER MOTOR MARKET, BY COUNTRY, $M (2014-2030)
- FIG 48 RANKING OF KEY STEPPER MOTOR MARKET PLAYERS
- FIG 49 SANYO DENKI CO. LTD. - REVENUE SPLIT BY GEOGRAPHY (2019)
- FIG 50 MOOG INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
- FIG 51 MINEBEAMITSUMI INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019
- FIG 52 ABB LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
- FIG 53 MICROCHIP TECHNOLOGY INCORPORATED - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)
