A Servo Motor is a rotary actuator that allows for precise control of angular position. Servo motors are utilized in industrial machine tools, CNC manufacturing machines and processes, and packaging applications. Electronic Equipment utilize servo motors because of their smooth commutation and accurate positioning. The aerospace industry makes use of servo motors in their hydraulic systems to contain system hydraulic fluid.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the servo motor market to approach these areas. QYR analysis of the servo motor market indicated that China would account for the highest sales in 2023 with close to 26 percent of global sales value coming from this region, and other regions such as Southeast Asia has the highest growth rate. Vendors recognize the importance of this region, are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of servo motor is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of servo motor and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
According to this study, over the next five years the Servo Motor market will register a 3.9% CAGR in terms of revenue, the global market size will reach US$ 9090 million by 2024, from US$ 7230 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Servo Motor business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Servo Motor market by product type, application, key manufacturers and key regions and countries.
This study considers the Servo Motor value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Less than 2KW
2KW-5KW
More than 5KW
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Machine Tools
Packaging Applications
Textile
Electronics Equipment
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Yaskawa
Mitsubishi
Fanuc
Siemens
Rockwell
ABB
Rexroth (Bosch)
Panasonic
Nidec
Delta
SANYO DENKI
Teco
Schneider
Moog
Oriental Motor
Lenze
Toshiba
Parker Hannifin
HNC
Kollmorgen
GSK
Beckhoff
Inovance
LS Mecapion
Infranor
Tamagawa
LTI Motion
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Servo Motor consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Servo Motor market by identifying its various subsegments.
Focuses on the key global Servo Motor manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Servo Motor with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Servo Motor submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Servo Motor . Industry analysis & Market Report on Servo Motor is a syndicated market report, published as Global Servo Motor Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Servo Motor market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.