The research report contains an in-depth analysis and discussion of important industry trends, market dynamics, market size, and market share estimation. In addition, the report outlines the drivers, restraints, and opportunities of the global Micro Motor market which is essential to implement strategies and to gain a sustainable growth during the forecasted period. Moreover, a detailed analysis of Covid-19 impact on the global Micro Motor market is also published in the report.
According to a new report published by Allied Market Research, titled, “Global Micro Motor Market by Type, Technology, Power Consumption, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global micro motor market size was valued at $36.48 billion in 2020, and is expected to reach $56.0 billion by 2030, with a CAGR of 4.1% from 2021 to 2030. In 2020, Asia-Pacific dominated the global micro motor market, in terms of revenue, accounting for around 41.40% share of the global market.
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Covid-19 impact:
Manufacturing activities of Micro Motor halted due to implementation of stringent lockdown. To prevent the spread of coronavirus, governments across every nation made social distancing compulsory, due to which, market players faced shortage of labor force. Moreover, restrictions in import & export activities led to supply chain disruptions which further resulted to shortage of raw materials. This in turn, created challenges in carrying out manufacturing in full capacity. Also, most of the construction projects were either delayed or cancelled, especially in the initial stage of the pandemic.
Various manufacturers in the global micro motor market had to shut down their businesses activities due to the lockdown initiated in countries such as UAE, India, Brazil, and others. This break has directly impacted the sales of micro motor manufacturing companies globally. For instance, the net sales of Siemens AG dropped by 0.4% from September 2019 to September 2020. In addition, lack of raw materials, disruption in supply chain, and lack of man power halted the supply chain of micro motors products. However, the re-initiation of the micro motor industry and availability of vaccines for coronavirus disease are projected to lead the opening of the global micro motor market at their full-scale capacities.
Key Segments Covered:
By Type
- AC
- DC
By Technology
- Brushed Motor
- Brushless Motor
By Power Consumption
- Below 9V
- 10V-20V
- 21V-50V
- More than 50V
By Application
- Industrial
- Automotive & Aerospace
- Healthcare
- Others
Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Micro Motor Market Size
2.2 Micro Motor Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Micro Motor Market Size by Manufacturers
3.2 Micro Motor Key Players Head office and Area Served
3.3 Key Players Micro Motor Product/Solution/Service
3.4 Date of Enter into Micro Motor Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Micro Motor Sales by Product
4.2 Global Micro Motor Revenue by Product
4.3 Micro Motor Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Micro Motor Breakdown Data by End User
Competitive Landscape:
- Mabuchi Motor Co Ltd
- Nidec Corporation
- Buhler Motor GmbH
- Johnson Electric Holdings Limited
- Maxon Motor AG
- Arc Systems Inc
- ABB Group
- Mitsuba Corporation
- Constar Micromotor Co Ltd
- Siemens AG.
Top of Form
These companies have adopted numerous strategies such as new product launches, mergers & acquisitions, collaborations, joint ventures, partnerships, expansion, and others in order to gather immense growth prospects during the forecasted period.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.