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Global Servo and Stepper Motors Market 2019-2023

Global Servo and Stepper Motors Market 2019-2023

About this market

One of the key driving factors for the global servo and stepper motors market is the increasing demand for automated equipment and robots in an industrial setup. The application areas of servo motors are varied and include automobile manufacturing industries, packaging machines, food processing, healthcare industries, semiconductors, and robotics. The automated material handling equipment in such industries majorly includes a diverse range of applications such as cranes, robots for pick and place, automated guided vehicles, and conveyors, which help in the transportation and storage of goods and services. Hybrid stepper motors are being widely adopted in the automated material handling equipment due to their accuracy in providing control and precision. Hence, the demand for servo and stepper motors in end-user industries is expected to increase. Technavio’s analysts have predicted that the servo and stepper motors market will register a CAGR of almost 6% by 2023.

Market Overview

Growing demand for high energy efficiency at low speed

Conventional motors use more energy when they are running at very low speed. However, due to technological improvements and their hybrid structure, stepper motors consume less energy even when operating at low speed. The increasing focus toward energy efficiency and the need to comply with stringent regulatory norms have increased the adoption of hybrid stepper motors in industrial premises.

Volatile oil and gas environment

The oil and gas industry is a major contributor to the global servo and stepper motors market. Hence, volatility in the oil and gas market can adversely affect the growth of the global servo and stepper motors market. However, crude oil prices witnessed a slump afterward and continue to show a decline. Therefore, expected to be slower after which investments may rise, in turn, driving the demand for servo and stepper motors in the oil and gas industry.

For the detailed list of factors that will drive and challenge the growth of the servo and stepper motors market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global industrial automation and communication market
      • Table Segments of global industrial automation and communication market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Servo - Market size and forecast 2018-2023
      • Table Servo - Market size and forecast 2018-2023 ($ millions)
      • Table Servo - Year-over-year growth 2019-2023 (%)
    • Stepper - Market size and forecast 2018-2023
      • Table Stepper - Market size and forecast 2018-2023 ($ millions)
      • Table Stepper - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Process industry - Market size and forecast 2018-2023
      • Table Process industry - Market size and forecast 2018-2023 ($ millions)
      • Table Applications of servo and stepper motors in process industry
      • Table Process industry - Year-over-year growth 2019-2023 (%)
    • Discrete industry - Market size and forecast 2018-2023
      • Table Discrete industry - Market size and forecast 2018-2023 ($ millions)
      • Table Applications of servo and stepper motors in the discrete industry
      • Table Discrete industry - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Benefits by variable frequency drives
      • Table Fluctuations in raw material prices (2016-2018)
      • Table Cumulative prices of stainless steel 316 ($/tons) August 2017 to May 2018
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table ABB - Vendor overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • Applied Motion Products, Inc.
      • Table Applied Motion Products, Inc. - Vendor overview
      • Table Applied Motion Products, Inc. - Organizational developments
      • Table Applied Motion Products, Inc. - Key offerings
    • FAULHABER GROUP
      • Table FAULHABER GROUP - Vendor overview
      • Table FAULHABER GROUP - Organizational developments
      • Table FAULHABER GROUP - Key offerings
    • Nidec Corporation
      • Table Nidec Corporation - Vendor overview
      • Table Nidec Corporation - Business segments
      • Table Nidec Corporation - Organizational developments
      • Table Nidec Corporation - Geographic focus
      • Table Nidec Corporation - Segment focus
      • Table Nidec Corporation - Key offerings
    • Schneider Electric
      • Table Schneider Electric - Vendor overview
      • Table Schneider Electric - Business segments
      • Table Schneider Electric - Organizational developments
      • Table Schneider Electric - Geographic focus
      • Table Schneider Electric - Segment focus
      • Table Schneider Electric - Key offerings
    • Siemens
      • Table Siemens - Vendor overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Segment focus
      • Table Siemens - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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