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Small Motors Market

Small Motors Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026

Analysis of Small Motors market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Small Motors Market – Key Insights

  • The small motors market registered a CAGR of 1.2% during the period 2012 to 2016.
  • Sales of small motors close in on revenues worth US$ 8.8 Bn in 2018, and are expected to grow at a sluggish CAGR of just over 1.0% through 2026.
  • Small motor sales have been relatively larger in North America as compare to other regional markets, which can be attributed to rising requirement for strong communication infrastructures in the region.
  • DC power supply continues to remain preferred for small motors worldwide. Sales of small motors working on DC power supply are expected to bring in revenues over of US$ 6 Bn in2019.
  • Small motors sales have traditionally witness the largest sales in consumer electronics, expected to surpass US$ 2 Bn in 2019.

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Which are the Growth Drivers of the Small Motors Market?

  • Elimination of additional accessories that are used in conventional motors, is a key attribute of small motors that has been driving their sales in recent years. In addition, the upward trend of miniaturization in the electronics industry has been significantly complementing adoption of small motors.
  • Compliance of small motors with automation standards has meant that sales of these compact and effective power transmission equipment will witness promising demand in the near future.
  • Rising demand for small motors as compared to their conventional counterparts, on account of their high efficiency, longer life, and low replacement costs in the medical equipment is anticipated to influence growth of the small motors market.
  • The paradigm shift in consumer preference for compact devices has encouraged manufacturers to adopt small motors, which is estimated to influence the sales prospects of small motors.
  • Relatively lower power consumption and cost-effective nature of small motors have led its adoption across industries, who are in constant seek for effective energy optimization methods.
Small Motors Market

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What are the Challenges Impacting the Growth of the Small Motors Market?

  • Changing taxation policies associated with raw materials have led to price fluctuations, which in turn impacts the cost of final product. This has further constrained the adoption of small motors among global industry leaders..
  • Heavy excise duty on the import and export activities by governments in APEJ has confined growth opportunities for small motors market players in the region.

Know thy Competitors

Competitive landscape highlights only certain players
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Small Motors Market – Competitive Landscape

  • With the requirement for robust communication infrastructures, leading players in the small motors market are entering into strategic mergers and acquisitions. Along the same lines, ABB acquired the network communication business of KEYMILE Group, in 2017. The transaction will enhance ABB’s digital offerings with the help of reliable communications technologies of the latter.
  • It has been witnessed that key players team up to enjoy two-way benefits and expand their global reach. In 2017, Nidec Corporation completed the acquisition of Emerson Electric Co.’s Drives, Motors, and Electric Power Generation Businesses to integrate significant growth capabilities, and leverage excellent customer base of both.
  • Schneider and Accenture recently entered into a collaboration to come up with a digital service factory, dedicated to speed up the development of the Industrial Internet of Things (IIoT).
  • In 2017, Siemens acquired Mentor Graphics Corporation, which is now a subsidiary of Siemens' product lifecycle management software business, to expand its offerings and provide value-added service to new clients.

Other players operating in the global small motors market comprise Xinapse Systems Ltd., Toshiba Medical Systems Corporation, Siemens Healthineers, Sciencesoft USA Corporation, Mirada Medical Limited, Mim Software, Merge Healthcare Incorporated, Koninklijke Philips N.V., INFINITT Healthcare Co., Image Analysis, General Electric Company, Esaote S.P.A, Carestream Health, Aquilab, and AGFA Healthcare.

Additional Insights

Small Motors Sales Remain High in Consumer Electronics

Consumer electronics sector has witnessed a remarkable growth in recent years, particularly in developing economies where increasing GHDI of middle-class consumers have been driving sales of various gadgets including TVs, tablets, smartphones, smart watches, and wearables. This has further created significant growth avenues for small motors market players.

North America and Europe continue to lead the small motors market, with the economic and technological vigor of these economies creating a lucrative marketplace for various retail & consumer goods. Additionally, consumer electronics sector is at its mature phase in these economies, which has led the small motors market players to focus more on product innovation and value-added offerings to sustain their position. The small motors market in North America and Europe is expected to surpass a value of US$ 900 Mn and US$ 600 Mn respectively in 2019.

Research Methodology

This detailed research report on the global small motors market is the result of an accurate and reliable research methodology employed to compile the study and assess the crucial drivers, trends, and restraints of small motors market. Primary as well as the secondary research methodologies have been leveraged to obtain significant insights into the global small motors market.

Interviews with the experts of small motors market were set up in order to form the basis of the primary research of small motors market, while press releases, trade journals, paid sources and similar other publications related to small motors market. Ultimately, the data obtained from the primary and secondary methodologies are combined to filter out any misleading and vague information and the research report is compiled with only accurate of the insights into global small motors market.

- Premium Report Details -

Small Motors Market
  • FACT323MR
  • Mar-2022
  • Automotive
  • 170 Pages
  • 136 Tables
  • 102 Figures

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Top 5 Key market participants in the global Small Motors market are Xinapse Systems Ltd., Toshiba Medical Systems Corporation, Siemens Healthineers, Sciencesoft USA Corporation, Mirada Medical Limited

North America as compare to other regional markets, which can be attributed to rising requirement for strong communication infrastructures in the region

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