Micro Motors Market Report: Trends, Forecast and Competitive Analysis to 2030

Micro Motors Trends and Forecast

The future of the global micro motors market looks promising with opportunities in the automotive, medical equipment system, industrial automation, aircraft systems, construction & mining, agriculture equipment system, and 3d printer system markets. The global micro motors market is expected to reach an estimated $79.9 billion by 2030 with a CAGR of 8.9% from 2024 to 2030.The major drivers for this market are rindustry-wide downsizing for manufacturing small devices, the development of driverless and electric cars, as well as precise manufacturing, and increasing industrialization, urbanization, and technical developments.

A more than 150-page report is developed to help in your business decisions.

Micro Motors by Segment

The study includes a forecast for the global micro motors by type, technology, power consumption, application, and region.

Micro Motors Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• AC Motor
• DC Motor

Micro Motors Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Brushed
• Brushless

Micro Motors Market by Power Consumption [Shipment Analysis by Value from 2018 to 2030]:

• <11V
• 12-24V
• 25-48V
• >48 Kw

Micro Motors Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Medical Equipment System
• Industrial Automation
• Aircraft Systems
• Construction & Mining
• Agriculture Equipment System
• 3D Printer System

Micro Motors Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Micro Motors Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies micro motors companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the micro motors companies profiled in this report include-

• MITSUBA
• Nidec
• Johnson Electric
• Mabuchi Motor
• Maxon

Micro Motors Market Insights

Lucintel forecasts that AC motor is expected to witness the higher growth over the forecast period due to operation at higher speeds and with lower power consumption.

Within this market, medical equipment system is expected to witness the highest growth due to increasing use of advanced technologies in portable medical devices.

APAC will remain the largest region over the forecast period due to growing automation use and a strong manufacturing sector in nations like China, Japan, and India.

Features of the Global Micro Motors Market

Market Size Estimates: Micro motors market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Micro motors market size by various segments, such as by type, technology, power consumption, application, and region in terms of value ($B).

Regional Analysis: Micro motors market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, technology, power consumption, application, and regions for the micro motors market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the micro motors market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the micro motors market size?

Answer: The global micro motors market is expected to reach an estimated $79.9 billion by 2030.

Q2. What is the growth forecast for micro motors market?

Answer: The global micro motors market is expected to grow with a CAGR of 8.9% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the micro motors market?

Answer: The major drivers for this market are rindustry-wide downsizing for manufacturing small devices, the development of driverless and electric cars, as well as precise manufacturing, and increasing industrialization, urbanization, and technical developments.

Q4. What are the major segments for micro motors market?

Answer: The future of the micro motors market looks promising with opportunities in the automotive, medical equipment system, industrial automation, aircraft systems, construction & mining, agriculture equipment system, and 3d printer system markets.

Q5. Who are the key micro motors market companies?

Answer: Some of the key micro motors companies are as follows.

• MITSUBA
• Nidec
• Johnson Electric
• Mabuchi Motor
• Maxon

Q6. Which micro motors market segment will be the largest in future?

Answer: Lucintel forecasts that AC motor is expected to witness the higher growth over the forecast period due to operation at higher speeds and with lower power consumption.

Q7. In micro motors market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing automation use and a strong manufacturing sector in nations like China, Japan, and India.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the micro motors market by type (AC motor and DC motor), technology (brushed and brushless), power consumption (<11v, 12-24v, 25-48v, and >48 kw), application (automotive, medical equipment system, industrial automation, aircraft systems, construction & mining, agriculture equipment system, and 3d printer system), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?