The newly Stepper Motor market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
A stepper motor, also known as a step motor or stepping motor. A stepper motor is a type of DC motor that works in discrete steps. It is a synchronous brushless motor where a full rotation is divided into a number of steps. The two main components of a stepper motor are the rotor and the stator. The rotor is the rotating shaft and the stator consists of electromagnets that form the stationary part of the motor.
On the basis of products, the various types include Variable-reluctance (VR), Permanent Magnet (PM), and Hybrid (HB). On the basis of application, the Stepper Motor market is segmented into Industrial Machinery, Medical Equipment, Packaging and Labeling Machinery, Semiconductors, and Others (Telecommunications, Textiles, 3D Printing, and Robotics).
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According to a new research study, the Stepper Motor market size is expected to reach USD 3,335 million by 2026 from USD 2,132 million in 2019, with a compound annual growth rate of 6.60% during the forecast period. The Stepper Motor market is expected to witness significant growth due to the increasing mechanization, technological advancements, and growing demand for miniature motors. The demand for miniature motors is expected to increase on account of their increased penetration in several electronic applications. In addition, the less cost of stepper motors, as compared to servo motors, is also projected to propel the growth of the market. Furthermore, the growing demand for waterproof stepper motors will increase the demand for stepper motors during the forecast timeline.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Asia-Pacific dominated the Stepper Motor market at a share of 35.16% in 2018 and is anticipated to maintain dominance in the forecast period. The rapid industrialization and urbanization in developing economies, such as China and India, are expected to drive the growth of the market. The increasing demand for energy-efficient production processes and the growing use of Stepper Motor in Industrial Machinery and Medical Equipment are anticipated to fuel the growth of the market in Asia-Pacific. North America is the second largest market with a share of 28.47%, followed by Europe, accounting for 25.14%.
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The Stepper Motor market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are Shinano Kenshi, Minebea, Nippon Pulse Motor, Haydon Kerk Motion Solutions, and Oriental Motor. Other prominent vendors in the market are Panasonic, Mechtex, Anaheim Automation, ElectroCraft, Nanotec Electronic, Kollemorgen, Bosch Rexroth, TECO Electro Devices, Changzhou Leili, Moons, Mige, Fengyuan Micro & Special Motors, Zhejiang Founder Motor, Hetai Motor, Changzhou Baolai Electric Appliance, DINGS’ Electrical & Mechanical, CW Motor, GBM, and others.
Target Audience for this Report
- Stepper Motor manufacturers
- Stepper Motor importers and exporters
- Stepper Motor traders, distributors, and suppliers
- Raw material suppliers of Stepper Motor
- Stepper Motor industry associations
- Product managers, Stepper Motor industry administrator, C-level executives of the industries
- Market Research and consulting firms
- Small and Medium-sized Enterprises (SMEs)
- Government agencies and NGOs
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Stepper Motor Market
2 Market Trends and Competitive Landscape
3 Segmentation of Stepper Motor Market by Types
4 Segmentation of Stepper Motor Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Stepper Motor Market in Major Countries
7 North America Stepper Motor Landscape Analysis
8 Europe Stepper Motor Landscape Analysis
9 Asia Pacific Stepper Motor Landscape Analysis
10 Latin America, Middle East & Africa Stepper Motor Landscape Analysis
11 Major Players Profile
11.1 Shinano Kenshi
11.1.1 Shinano Kenshi Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.3 Nippon Pulse Motor
11.4 Haydon Kerk Motion Solutions
11.5 Oriental Motor
11.8 Anaheim Automation
11.10 Nanotec Electronic
11.12 Bosch Rexroth
11.13 TECO Electro Devices
11.14 Changzhou Leili
11.17 Fengyuan Micro & Special Motors
11.18 Zhejiang Founder Motor
11.19 Hetai Motor
11.20 Changzhou Baolai Electric Appliance
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Key questions answered in the report
- What will the market size and growth rate be in 2026?
- What segment or region will drive or lead the market growth and what are the reasons?
- How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
- What key strategies are used by top vendors to increase revenue?
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