Stepper Motors Market Size, Share & Trends Analysis Report By Type (Permanent Magnet, Variable Reluctance), By Motion Control (Closed Loop, Open Loop), By Application, By Region, And Segment Forecasts, 2019 - 2025

Published: Nov, 2019 | Pages: 97 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The global stepper motors market size is expected to reach USD 6.0 billion by 2025, registering a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for stepper motors from the packaging and labeling industry for automation solutions is expected to drive the market growth over the forecast period. The market growth can also be ascribed to the growing demand for reduced heat and noise generation in high-speed applications in industrial automation, which in turn is expected to create lucrative opportunities for manufacturers over the forecast period.

Stepper motors are available in different types such as permanent magnet, hybrid, and variable reluctance. The variable reluctance type offers high accuracy, as it turns at a specific angle to minimize the reluctance between opposite windings in the stator. Thus, owing to the accuracy of variable reluctance motor, the demand is continuously increasing. Moreover, it is highly preferred for industrial applications, automotive gauges, and machine tools and automated production equipment, which is also boosting the market growth.

The growth of the market is also attributed to increasing use of stepper motors in motion control systems, especially in China and Japan. Furthermore, a surge in demand for miniature motors in computer peripherals, digital lenses and cameras, automobile electronics, and electronic toys and games is expected to propel the market growth over the forecast period. Besides, these motors have low weight and consume less space, therefore, are used in aerospace and military applications requiring high accuracy.

Asia Pacific dominated the market in 2018 and is expected to continue its dominance over the forecast period. This is attributed to rising demand for motion control systems in China and Japan. North America is anticipated to witness significant growth over the forecast period owing to strong presence of manufacturing companies in the region. Growing adoption of automation and robotic technologies is driving regional growth.

Further key findings from the report suggest:

• The global stepper motors market is expected to exhibit a CAGR of 4.1% over the forecast years owing to the increasing penetration of waterproof stepper motors in various application areas

• The hybrid segment is expected to account for the highest revenue share over the forecast years ascribed to factors such as high torque, high efficiency at low speed, and low stepping rate

• Increasing requirement of accuracy and stability standards in the system is estimated to catapult the closed-loop motion segment during the forecast period

• Industrial machinery application segment is expected to witness the fastest growth over the next six years

• Asia Pacific dominated the market with more than 45.0% revenue share in 2018, owing to the increasing use of motion control systems in Japan and China

• Key players such as Nippon Pulse America, Inc.; AMETEK Inc.; ORIENTAL MOTOR USA CORP.; MOONS'; Nidec Corporation; MinebeaMitsumi Inc.; Shinano ABV Technologies Pvt. Ltd.; and Phytron GmbH dominated the market in 2018 with their emphasis on expanding market presence through new product development.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope & Assumptions
                    1.3. List of Data Sources
Chapter 2. Executive Summary
                    2.1. Stepper Motors regional marketplace: Key takeaways
Chapter 3. Stepper Motors Industry Outlook
                    3.1. Market Segmentation
                    3.2. Market Size And Growth Prospects, 2014 - 2025
                    3.3. Value Chain Analysis
                    3.4. Market Dynamics
                        3.4.1. Market driver analysis
                        3.4.2. Market restraint/challenge analysis
                    3.5. Key Opportunities Prioritized
                    3.6. Industry Analysis - Porter's
                        3.6.1. Supplier Power
                        3.6.2. Buyer Power
                        3.6.3. Substitution Threat
                        3.6.4. Threat from new entrant
                        3.6.5. Competitive rivalry
                    3.7. PEST Analysis
                        3.7.1. Political Landscape
                        3.7.2. Environmental Landscape
                        3.7.3. Social Landscape
                        3.7.4. Technology Landscape
Chapter 4. Stepper Motors Market: Type Outlook
                    4.1. Stepper Motors Market Share by Type, 2018 & 2025 (USD Million)
                    4.2. Permanent Magnet
                        4.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        4.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    4.3. Hybrid
                        4.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    4.4. Variable Reluctance
                        4.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        4.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 5. Stepper Motors Market: Motion Control Outlook
                    5.1. Stepper Motors Market Share by Sales Channel, 2018 & 2025 (USD Million)
                    5.2. Closed Loop
                        5.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        5.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    5.3. Open Loop
                        5.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        5.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 6. Stepper Motors Market: Application Outlook
                    6.1. Stepper Motors Market Share by Application, 2018 & 2025 (USD Million)
                    6.2. Industrial Machinery
                        6.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        6.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    6.3. Medical Equipment
                        6.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        6.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    6.4. Packaging Machinery
                        6.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        6.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    6.5. Automotive
                        6.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        6.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    6.6. Others
                        6.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        6.6.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 7. Stepper Motors Market: Regional Outlook
                    7.1. Stepper Motors Market Share by Region, 2018 & 2025 (USD Million)
                    7.2. North America
                        7.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        7.2.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                        7.2.3. Market estimates and forecast by sales channel, 2014 - 2025 (USD Million)
                        7.2.4. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                        7.2.5. Market estimates and forecast by motors type, 2014 - 2025 (USD Million)
                        7.2.6. U.S.
                            7.2.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                            7.2.6.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                            7.2.6.3. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                            7.2.6.4. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                        7.2.7. Canada
                            7.2.7.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                            7.2.7.2. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                            7.2.7.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                    7.3. Europe
                        7.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        7.3.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                        7.3.3. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                        7.3.4. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                        7.3.5. U.K.
                            7.3.5.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                            7.3.5.2. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                            7.3.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                        7.3.6. Germany
                            7.3.6.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                            7.3.6.2. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                            7.3.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                    7.4. Asia Pacific
                        7.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                        7.4.2. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                        7.4.3. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                        7.4.4. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                        7.4.5. China
                            7.4.5.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                            7.4.5.2. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                            7.4.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                        7.4.6. India
                            7.4.6.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                            7.4.6.2. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                            7.4.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                        7.4.7. Japan
                            7.4.7.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                            7.4.7.2. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                            7.4.7.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                    7.5. Latin America
                        7.5.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                        7.5.2. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                        7.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                        7.5.4. Brazil
                            7.5.4.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                            7.5.4.2. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                            7.5.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                        7.5.5. Mexico
                            7.5.5.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                            7.5.5.2. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                            7.5.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                    7.6. Middle East & Africa
                        7.6.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                        7.6.2. Market estimates and forecast by motion control, 2014 - 2025 (USD Million)
                        7.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
Chapter 8. Competitive Landscape
                    8.1. AMETEK Inc.
                        8.1.1. Company overview
                        8.1.2. Financial performance
                        8.1.3. Product benchmarking
                        8.1.4. Strategic initiatives
                    8.2. Changzhou Fulling Motors Co., Ltd
                        8.2.1. Company overview
                        8.2.2. Financial performance
                        8.2.3. Product benchmarking
                        8.2.4. Strategic initiatives
                    8.3. MOONS'
                        8.3.1. Company overview
                        8.3.2. Financial performance
                        8.3.3. Product benchmarking
                        8.3.4. Strategic initiatives
                    8.4. MinebeaMitsumi Inc.
                        8.4.1. Company overview
                        8.4.2. Financial performance
                        8.4.3. Product benchmarking
                        8.4.4. Strategic initiatives
                    8.5. Nanotec Electronic GmbH & Co. KG
                        8.5.1. Company overview
                        8.5.2. Financial performance
                        8.5.3. Product benchmarking
                        8.5.4. Strategic initiatives
                    8.6. Nidec Corporation
                        8.6.1. Company overview
                        8.6.2. Financial performance
                        8.6.3. Product benchmarking
                        8.6.4. Strategic initiatives
                    8.7. Nippon Pulse America, Inc.
                        8.7.1. Company overview
                        8.7.2. Financial performance
                        8.7.3. Product benchmarking
                        8.7.4. Strategic initiatives
                    8.8. ORIENTAL MOTORS USA CORP.
                        8.8.1. Company overview
                        8.8.2. Financial performance
                        8.8.3. Product benchmarking
                        8.8.4. Strategic initiatives
                    8.9. Phytron GmbH
                        8.9.1. Company overview
                        8.9.2. Financial performance
                        8.9.3. Product benchmarking
                        8.9.4. Strategic initiatives
                    8.10. Shinano ABV Technologies Pvt. Ltd.
                        8.10.1. Company overview
                        8.10.2. Financial performance
                        8.10.3. Product benchmarking
                        8.10.4. Strategic initiatives

List of Tables

TABLE 1 Global stepper motors market, 2014 - 2025 (USD Million)
TABLE 2 Global stepper motors market, by type, 2014 - 2025 (USD Million)
TABLE 3 Global stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 4 Global stepper motors market, by application, 2014 - 2025 (USD Million)
TABLE 5 Global stepper motors market, by region, 2014 - 2025 (USD Million)
TABLE 6 Permanent magnet stepper motors market, 2014 - 2025 (USD Million)
TABLE 7 Permanent magnet stepper motors market by region, 2014 - 2025 (USD Million)
TABLE 8 Hybrid stepper motors market, 2014 - 2025 (USD Million)
TABLE 9 Hybrid stepper motors market by region, 2014 - 2025 (USD Million)
TABLE 10 Variable reluctance stepper motors market, 2014 - 2025 (USD Million)
TABLE 11 Variable reluctance stepper motors market by region, 2014 - 2025 (USD Million)
TABLE 12 Closed loop stepper motors market, 2014 - 2025 (USD Million)
TABLE 13 Closed loop stepper motors market by region, 2014 - 2025 (USD Million)
TABLE 14 Open loop stepper motors market, 2014 - 2025 (USD Million)
TABLE 15 Open loop stepper motors market by region, 2014 - 2025 (USD Million)
TABLE 16 Stepper Motors demand in industrial machinery application, 2014 - 2025 (USD Million)
TABLE 17 Stepper Motors demand in industrial machinery by region, 2014 - 2025 (USD Million)
TABLE 18 Stepper Motors demand in medical equipment application, 2014 - 2025 (USD Million)
TABLE 19 Stepper Motors demand in medical equipment application by region, 2014 - 2025 (USD Million)
TABLE 20 Stepper Motors demand in packaging machinery application, 2014 - 2025 (USD Million)
TABLE 21 Stepper Motors demand in packaging machinery application by region, 2014 - 2025 (USD Million)
TABLE 22 Stepper Motors demand in automotive application, 2014 - 2025 (USD Million)
TABLE 23 Stepper Motors demand in automotive, by region, 2014 - 2025 (USD Million)
TABLE 24 Stepper Motors demand in other applications, 2014 - 2025 (USD Million)
TABLE 25 Stepper Motors demand in other by region, 2014 - 2025 (USD Million)
TABLE 26 North America Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 27 North America Stepper motors market by motion control, 2014 - 2025 (USD Million)
TABLE 28 North America Stepper motors market by application 2014 - 2025 (USD Million)
TABLE 29 U.S. Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 30 U.S. Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 31 U.S. Stepper motors market by application 2014 - 2025 (USD Million)
TABLE 32 Canada Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 33 Canada Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 34 Canada Stepper motors market by application 2014 - 2025 (USD Million)
TABLE 35 Europe Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 36 Europe Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 37 Europe Stepper motors market by application, 2014 - 2025 (USD Million)
TABLE 38 Germany Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 39 Germany Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 40 Germany Stepper motors market by application, 2014 - 2025 (USD Million)
TABLE 41 U.K. Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 42 U.K. Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 43 U.K. Stepper motors market by application, 2014 - 2025 (USD Million)
TABLE 44 Asia Pacific Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 45 Asia Pacific Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 46 Asia Pacific Stepper motors market by application, 2014 - 2025 (USD Million)
TABLE 47 China Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 48 China ventilated Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 49 China Stepper motors market by application, 2014 - 2025 (USD Million)
TABLE 50 India Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 51 India Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 52 India Stepper motors market by application, 2014 - 2025 (USD Million)
TABLE 53 Japan Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 54 Japan Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 55 Japan Stepper motors market by application, 2014 - 2025 (USD Million)
TABLE 56 Latin America Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 57 Latin America Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 58 Latin America Stepper motors market by application, 2014 - 2025 (USD Million)
TABLE 59 Brazil Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 60 Brazil Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 61 Brazil Stepper motors market by application, 2014 - 2025 (USD Million)
TABLE 62 Mexico Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 63 Mexico Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 64 Mexico Stepper motors market by application, 2014 - 2025 (USD Million)
TABLE 65 Middle East & Africa Stepper motors market by type, 2014 - 2025 (USD Million)
TABLE 66 Middle East & Africa Stepper motors market, by motion control, 2014 - 2025 (USD Million)
TABLE 67 Middle East & Africa Stepper motors market by application, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Regional marketplace: Key takeaways
FIG. 2 Market segmentation & scope
FIG. 3 Stepper Motors - Market size and growth prospects
FIG. 4 Stepper Motors - Value chain analysis
FIG. 5 Stepper Motors - Market dynamics
FIG. 6 Stepper Motors - Market driver relevance analysis (current and future impact)
FIG. 7 Stepper Motors - Market restraint/challenge relevance analysis (current and future impact)
FIG. 8 Stepper Motors - Market opportunity relevance analysis (current and future impact)
FIG. 9 Stepper Motors - Key opportunities prioritized
FIG. 10 Stepper Motors - Porter's five forces analysis
FIG. 11 Stepper Motors - PESTEL analysis
FIG. 12 Global stepper motors market type outlook, 2018 & 2025 (USD Million)
FIG. 13 Global stepper motors market motion control outlook, 2018 & 2025 (USD Million)
FIG. 14 Global stepper motors market application outlook, 2018 & 2025
FIG. 15 Global stepper motors market regional outlook, 2018 & 2025
FIG. 16 North America stepper motors market - Key takeaways
FIG. 17 Europe stepper motors market - Key takeaways
FIG. 18 Asia Pacific stepper motors market - Key takeaways
FIG. 19 Latin America stepper motors market - Key takeaways
FIG. 20 Middle East & Africa stepper motors market - Key takeaways