Small Motor Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

Small Motor Market

The market value of the small motor market was USD 11.05 billion in 2022, and it is expected to reach USD 12.9 billion in 2029, with a CAGR of 6.8% during the forecast period. A small motor converts electrical energy into mechanical energy. Small motors are used as generators to recover energy that is lost as heat energy and in friction in certain applications. Massive industrialization, especially in the Asia-Pacific region, has increased the demand for small motors in the region. Technological advancement is another major factor driving growth in the region. Automobile industry and electric appliances industry enhancement in technology is quiet often, which results in demand for small motors. Increasing demand for HVAC systems among residential, commercial, and industrial end-users and growing demand for electric motors in manufacturing industries are driving the growth of the market.

Impact of Covid-19

Disruption in supply chain

Pandemic disrupted the global supply chain, leading to the shortage of critical components and materials required for manufacturing small motors. This resulted in production delays and increased cost.

Reduced demand

Many industries particularly automotive and manufacturing experienced significant slowdown or shutdown during the pandemic, leading to reduced demand for small motors.

Shift in Consumer Behavior

With lockdowns and social distancing measures in place, there was a shift in consumer behavior towards increased demand for home appliances and consumer electronics, which positively affected certain segments of the small motor market.

Remote work and Automation

The need for remote work and automation solutions, driven by the pandemic, led to increased demand for small motors in applications like robotics, home automation and industrial automation.

Growth Drivers

The shift towards electric vehicle

People becoming more aware about the advantages of electric vehicles over the normal one, with expanding electric vehicles market, there is an increased need of small motors for Power windows, mirrors, and cooling systems. Increasing use of electric vehicles are helpful in reducing pollution, which is a very important factor behind the success of electric vehicles.

The increasing use of automation and robotics

Increasing use of automation in industries and the growing popularity of robotics in various applications require small motors for precise control and movement. Automation and Robotics are used in market due to its efficiency and productivity, quality and consistency, Labor shortages, cost savings and safety. Modern automation system is designed to be flexible and easily adaptable to changing production requirements. Technological advancements and to minimize the human effort during covid-19 pandemic, the importance of automation and robotics increased.

E-commerce and Warehousing

The growth of e-commerce and the need for efficient warehousing systems have increased demand for small motors in conveyor belts, sorting systems and packaging equipment. With the advent of e-commerce, like any other sector, the demand for small motors also increased.

Aerospace and Defense

Small motors are used in applications ranging from drones to missile system, and the aerospace and defense sector continues to grow. These industries demand high precision, reliability, and durability. Small motors are used in various types of actuators including linear actuator and rotatory actuator to control the movement of aircraft components.

Medical Devices

Small motors are essential in various medical equipment, from diagnostic devices to surgical tools, and the healthcare industry’s growth is boosting demand. Some common use of small motors in medical devices are in respiratory device, infusion pumps, surgical robots, diagnostic equipments, imaging systems, dental devices, prosthetics and orthotics, endoscopy and hearing aids. In patients bed and lifts and lab automation.

Segmentation

Motor Type

·         DC Brush Motors (Cored)

·         DC Brush Motors (Coreless)

·         Vibration Motors

·         AC Induction Motors

·         DC Axial Fans

·         PM Stepper Motors

·         HB Stepper Motors

·         Brushed Motors

·         Brushless Motors

Application

·         Automotive and Transportation

o   Electric Power Steering Motors

o   HVAC Motors

o   Window Lift Motors

·         Consumer Electronics

o   Vibration Motors

o   Disc Drive Motors

o   Camera Autofocus Motors

·         Aerospace and Defense

o   Drone Motors

o   Missile Guidance Motors

o   Aircraft Actuator Motors

·         Healthcare and Medical Device

o   Medical Imaging Motors

o   Surgical Tool Motors

o   Infusion Pump Motors

Sales Channel

·         Original Equipment Manufacturers

·         Distributors and Wholesalers

·         Retail Stores

·         E-commerce and Online Retail

·         Independent Sales

·         Direct Sales

·         Specialty Stores

·         Industrial Distributors

·         Global Distribution Network

Voltage Range

·         Low Voltage Motors

·         Medium Voltage Motors

·         High Voltage Motors

·         Single Voltage Motors

·         Dual Voltage Motors

·         Variable Voltage Motors

Small Motors Market Motor Type Segmentation

On the basis of type, the small motor market is segmented into DC Brush Motors (Cored), DC Brush Motors (Coreless), Vibration Motors, AC Induction Motors, DC Axial Fans, PM Stepper Motors, HB Stepper Motors, Brushed Motors, Brushless Motors. DC Brush motors are the leading segment during the forecast period because of their efficiency, durability, precise control, low noise, and compact size.

Small Motors Market Sales Channel Segmentation

On the basis of sales channel, the small motors market is segmented into Original Equipment Manufacturers, Distributors and Wholesalers, Retail Stores, E-commerce and Online Retail, Independent Sales, Direct Sales, Specialty Stores, Industrial Distributors, and Global Distribution Network. Original Equipment Manufacturers are the leading segment for small motors in industries like automotive, consumer electronics, and industrial machinery. Distributors and wholesalers play a crucial role in the supply chain for small motors. They purchase motors in bulk from manufacturers and sell them to retailers, smaller manufacturers, and end-users. With the growth of e-commerce, online retail channels have become increasingly important for small motor sales. Many manufacturers and retailers sell small motors directly to consumers and businesses through their websites or online marketplaces.

Regional Outlook

On the basis of regions, the market is segmented into five types: Asia Pacific, Europe, North America, South America, and the Middle East and Africa. The Asia-Pacific region, including China, South Korea, and Japan, is the leading segment in the small motor market. Increased manufacturing and consumer electronics production drove motor demand, especially for products like smartphones and electric appliances. The small motor market in North America was driven by applications in automotive HVAC systems and appliances. There was also a growing emphasis on energy efficiency and the adoption of brushless DC motors. Europe had a strong presence in the small motor market, particularly in the automotive and industrial sectors. The emphasis on sustainability and electric vehicles was influencing motor technology. Latin America and the Middle East noticed growth in the small motors market primarily due to increased industrialization and infrastructure development. While smaller in comparison to other regions, Africa showed potential for growth, especially in agriculture and small-scale manufacturing.

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Key Players

·         Bosch

·         Valeo

·         Denso

·         Mahle

·         Mitsubishi Electric

·         Hitachi

·         Hella

·         Remy International

·         Prestolite

·         Other Players

Global Small Motor Market research report presents a strategic analysis of the global Small Motor Market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it.

This report delivers market size, regional and country market data, segmentation growth, market share, competitive landscape, company’s Small Motor revenue analysis, strategies of domestic and global market players, opportunities analysis, strategic market growth analysis, and technological innovations. It analyses historical and current market data to accurately gauge its future growth potential. This market report provides in-depth analysis and insight of market drivers, challenges, trends & opportunities. At the same time, comprehensive coverage of major vendors (recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis) is provided to give competitive overview. This study presents most detailed (COVID-19 updated) and in-depth analysis about the global Small Motor market, covering all global regions and countries. The report provides intricate dynamics for each of the countries covered, offering unmatched value, accuracy and expert insights.

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The purpose of the report is to portray the state of the global Small Motor Market and to present real and expert-verified data and insights about the market values, volumes, dynamics, segmentation and prices. It also offers forecast for the market development in the short and medium term and the impact COVID-19 has and will have on it. Further, it covers in-depth analysis of the key market players, industry trends and insights, growth drivers and challenges and all other factors, influencing the growth of market.

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The report on the global Small Motor Market presents:

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Regional Coverage

The report on the global Small Motor Market breaks down the world into the following regions & countries and covers every single one of them:

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