Global Servo Motor Market Growth 2023-2029

Global Servo Motor Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Servo Motor Industry Forecast” looks at past sales and reviews total world Servo Motor sales in 2022, providing a comprehensive analysis by region and market sector of projected Servo Motor sales for 2023 through 2029. With Servo Motor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Servo Motor industry.

This Insight Report provides a comprehensive analysis of the global Servo Motor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Servo Motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Servo Motor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Servo Motor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Servo Motor.

The global Servo Motor market size is projected to grow from US$ 714 million in 2022 to US$ 903.7 million in 2029; it is expected to grow at a CAGR of 903.7 from 2023 to 2029.

China is the largest Servo Motor market with about 22% market share. Europe is follower, accounting for about 20% market share.

The key players are 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, Kollmorgen etc. Top 3 companies occupied about 25% market share.

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.

Market Segmentation:

Segmentation by type
Less than 2KW
2KW-5KW
More than 5KW

Segmentation by application
Machine Tools
Packaging Applications
Textile
Electronics Equipment
Industrial Robots
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Kollmorgen

Key Questions Addressed in this Report

What is the 10-year outlook for the global Servo Motor market?

What factors are driving Servo Motor market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Servo Motor market opportunities vary by end market size?

How does Servo Motor break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.