Stepper Motors Market Share, Size, Trends, Industry Analysis Report, By Type (Permanent Magnet, Hybrid, Variable Reluctance), By Motion Control (Closed Loop, Open Loop), By Application, By Region, And Segment Forecasts, 2023 - 2032

Stepper Motors Market Share, Size, Trends, Industry Analysis Report, By Type (Permanent Magnet, Hybrid, Variable Reluctance), By Motion Control (Closed Loop, Open Loop), By Application, By Region, And Segment Forecasts, 2023 - 2032



The global stepper motors market size is expected to reach USD 4.67 billion by 2032, according to a new study by Polaris Market Research. The report “Stepper Motors Market Share, Size, Trends, Industry Analysis Report, By Type (Permanent Magnet, Variable Reluctance), By Motion Control (Closed Loop, Open Loop), By Application, By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Packaging and labeling industry's increasing need for automation solutions is projected to be a key driver for the growth of the market in the foreseeable future. Additionally, the market is expected to benefit from the rising demand for industrial automation, particularly in applications where high-speed operations require reduced heat and noise generation. These factors present promising prospects for manufacturers in the industry throughout the study period.

Various types of stepper motors are available, including permanent magnet, hybrid, and variable reluctance. Among these, the variable reluctance type stands out due to its remarkable accuracy. By turning at a precise angle to minimize reluctance between opposite windings in the stator, it achieves high levels of precision. As a result of this exceptional accuracy, the demand for variable reluctance motors is continuously on the rise. Industries, such as industrial automation, automotive gauges, machine tools, and automated production equipment, show a strong preference for this type of motor, further contributing to the growth of the market.

Healthcare sector relies heavily on motors for various medical equipment. The increasing need for stepper motors in the production of X-ray machines and blood analyzers is expected to fuel market growth during the forecast period. Additionally, the healthcare industry's recent advancements, like the utilization of oxygen concentrators, incorporate these motors in fans for cooling purposes. The compact size and low noise characteristics of these stepper motors make them highly sought-after for medical applications. These motors are preferred in medical settings due to their ability to efficiently power essential medical equipment while maintaining a quiet and unobtrusive operation.

Market for miniature motors is set to experience a significant upsurge in demand across various industries such as computer peripherals, digital lenses and cameras, automobile electronics, & electronic toys and games. This surge in demand is expected to be a major driving force for market growth throughout the forecast period. Moreover, miniature motors are favored in aerospace and military applications that demand high accuracy due to their lightweight and space-saving characteristics. As a result, their adoption in these sectors further contributes to the overall expansion of the market.

Stepper Motors Market Report Highlights

Hybrid segment held the largest share, owing to its high efficiency, high torque, & low stepping rate

Closed loop segment dominated the market, owing to increased requirement for the stability & accuracy standards

APAC dominated the market, owing to surge in automotive industry, and advancements in motion control systems in India, China, and Japan

Key players include Nippon Pulse America.; AMETEK, ORIENTAL MOTORS, MOONS, Nidec Corporation, and MinebeaMitsum

Polaris Market Research has segmented the stepper motors market report based on type, motion control, application, and region:

Stepper Motors, Type Outlook (Revenue - USD Billion, 2023 - 2032)

Permanent Magnet

Hybrid

Variable Reluctance

Stepper Motors, Motion Control Outlook (Revenue - USD Billion, 2023 - 2032)

Closed Loop

Open Loop

Stepper Motors, Application Outlook (Revenue - USD Billion, 2023 - 2032)

Industrial Machinery

Medical Equipment

Packaging Machinery

Automotive

Others

Stepper Motors, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Stepper Motors Market Insights
4.1. Stepper Motors Market – Application Snapshot
4.2. Stepper Motors Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing Automation in Various Industries
4.2.1.2. Advancement in stepper motor technology
4.2.2. Restraints and Challenges
4.2.2.1. High Cost of Precision and High-Performance Stepper Motors
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Stepper Motors Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Stepper Motors Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Stepper Motors Market, by Type, 2019-2032 (USD Billion)
5.3. Permanent Magnet
5.3.1. Global Stepper Motors Market, by Permanent Magnet, by Region, 2019-2032 (USD Billion)
5.4. Hybrid
5.4.1. Global Stepper Motors Market, by Hybrid, by Region, 2019-2032 (USD Billion)
5.5. Variable Reluctance
5.5.1. Global Stepper Motors Market, by Variable Reluctance, by Region, 2019-2032 (USD Billion)
6. Global Stepper Motors Market, by Motion Control
6.1. Key Findings
6.2. Introduction
6.2.1. Global Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
6.3. Closed Loop
6.3.1. Global Stepper Motors Market, by Closed Loop, by Region, 2019-2032 (USD Billion)
6.4. Open Loop
6.4.1. Global Stepper Motors Market, by Open Loop, by Region, 2019-2032 (USD Billion)
7. Global Stepper Motors Market, by Application
7.1. Key Findings
7.2. Introduction
7.2.1. Global Stepper Motors Market, by Application, 2019-2032 (USD Billion)
7.3. Industrial Machinery
7.3.1. Global Stepper Motors Market, by Industrial Machinery, By Region, 2019-2032 (USD Billion)
7.4. Medical Equipment
7.4.1. Global Stepper Motors Market, by Medical Equipment, By Region, 2019-2032 (USD Billion)
7.5. Packaging Machinery
7.5.1. Global Stepper Motors Market, by Packaging Machinery, By Region, 2019-2032 (USD Billion)
7.6. Automotive
7.6.1. Global Stepper Motors Market, by Automotive, By Region, 2019-2032 (USD Billion)
7.7. Others
7.7.1. Global Stepper Motors Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Stepper Motors Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Stepper Motors Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Stepper Motors Market – North America
8.3.1. North America: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.3.2. North America: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.3.3. North America: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.3.4. Stepper Motors Market – U.S.
8.3.4.1. U.S.: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.3.4.2. U.S.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.3.4.3. U.S.: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.3.5. Stepper Motors Market – Canada
8.3.5.1. Canada: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.3.5.2. Canada.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.3.5.3. Canada: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.4. Stepper Motors Market – Europe
8.4.1. Europe: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.4.2. Europe.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.4.3. Europe: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.4.4. Stepper Motors Market – UK
8.4.4.1. UK: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.4.4.2. UK.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.4.4.3. UK: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.4.5. Stepper Motors Market – France
8.4.5.1. France: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.4.5.2. France.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.4.5.3. France: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.4.6. Stepper Motors Market – Germany
8.4.6.1. Germany: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.4.6.2. Germany.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.4.6.3. Germany: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.4.7. Stepper Motors Market – Italy
8.4.7.1. Italy: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.4.7.2. Italy.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.4.7.3. Italy: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.4.8. Stepper Motors Market – Spain
8.4.8.1. Spain: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.4.8.2. Spain.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.4.8.3. Spain: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.4.9. Stepper Motors Market – Netherlands
8.4.9.1. Netherlands: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.4.9.2. Netherlands.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.4.9.3. Netherlands: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.4.10. Stepper Motors Market – Russia
8.4.10.1. Russia: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.4.10.2. Russia.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.4.10.3. Russia: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.5. Stepper Motors Market – Asia Pacific
8.5.1. Asia Pacific: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.5.2. Asia Pacific.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.5.3. Asia Pacific: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.5.4. Stepper Motors Market – China
8.5.4.1. China: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.5.4.2. China.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.5.4.3. China: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.5.5. Stepper Motors Market – India
8.5.5.1. India: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.5.5.2. India.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.5.5.3. India: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.5.6. Stepper Motors Market – Malaysia
8.5.6.1. Malaysia: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.5.6.2. Malaysia.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.5.6.3. Malaysia: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.5.7. Stepper Motors Market – Japan
8.5.7.1. Japan: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.5.7.2. Japan.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.5.7.3. Japan: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.5.8. Stepper Motors Market – Indonesia
8.5.8.1. Indonesia: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.5.8.2. Indonesia.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.5.8.3. Indonesia: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.5.9. Stepper Motors Market – South Korea
8.5.9.1. South Korea: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.5.9.2. South Korea.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.5.9.3. South Korea: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.6. Stepper Motors Market – Middle East & Africa
8.6.1. Middle East & Africa: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.6.2. Middle East & Africa.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.6.3. Middle East & Africa: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.6.4. Stepper Motors Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.6.4.2. Saudi Arabia.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.6.4.3. Saudi Arabia: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.6.5. Stepper Motors Market – UAE
8.6.5.1. UAE: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.6.5.2. UAE.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.6.5.3. UAE: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.6.6. Stepper Motors Market – Israel
8.6.6.1. Israel: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.6.6.2. Israel.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.6.6.3. Israel: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.6.7. Stepper Motors Market – South Africa
8.6.7.1. South Africa: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.6.7.2. South Africa.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.6.7.3. South Africa: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.7. Stepper Motors Market – Latin America
8.7.1. Latin America: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.7.2. Latin America.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.7.3. Latin America: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.7.4. Stepper Motors Market – Mexico
8.7.4.1. Mexico: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.7.4.2. Mexico.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.7.4.3. Mexico: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.7.5. Stepper Motors Market – Brazil
8.7.5.1. Brazil: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.7.5.2. Brazil.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.7.5.3. Brazil: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
8.7.6. Stepper Motors Market – Argentina
8.7.6.1. Argentina: Stepper Motors Market, by Type, 2019-2032 (USD Billion)
8.7.6.2. Argentina.: Stepper Motors Market, by Application, 2019-2032 (USD Billion)
8.7.6.3. Argentina: Stepper Motors Market, by Motion Control, 2019-2032 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. ABV Technologies
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2.AMETEK
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Changzhou Fulling Motors
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. MinebeaMitsumi
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. MOONS
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Nanotec Electronic
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. ORIENTAL MOTORS
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Nidec Corporation
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Nippon Pulse America
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. ORIENTAL MOTORS
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11.Phytron
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. Shinano
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development

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