Asia Pacific Stepper Motor Market

Stepper Motor Market Introduction

Stepper motor is a versatile machine predominantly used in diversified industries, such as semiconductor, packaging and labeling, medical equipment, industrial machineries, and food & beverages for performing various linear manufacturing processes repeatedly with high torque at low speeds, as well as minimal maintenance. Some of the linear manufacturing process applications are rail positioning, conveyers, and X-Y tables. The continuous growth of the automation and robotics industry is boosting the demand for stepper motors, which can be fitted in limited spaces. The motor manufactures are focusing on optimizing the design as well as manufacturing processes so as to deliver superior products with enhanced efficiency.

Stepper Motor Market Overview and Dynamics

The stepper motor market in APAC was valued at US$ 696.5 million in 2019 and is projected to reach US$ 900.5 million by 2027; it is expected to grow at a CAGR of 3.7% from 2020 to 2027. Growing demand for automation is driving the growth of stepper motor market across the region. However, the adoption of alternatives is hindering the stepper motor market growth. Further, growing trend for miniature stepper motors is creating business opportunities for companies operating in the market to achieve a significant share of the stepper motor market.

Stepper Motor Market Key Segments

Based on type, the market is further segmented into integrated lead screw stepper motor, rotary stepper motor, and fully-enclosed stepper drives. The rotary stepper motor segment held the largest share of the stepper motor market in 2019. Based on technology, the market is segmented into permanent magnet stepper motor, hybrid stepper motor, and variable reluctance stepper motor. In 2019, the hybrid stepper motor segment held a substantial share of the stepper motor market. Further, based on the end user, the market is divided into semiconductor, packaging and labeling, medical equipment, industrial machineries, and others. The semiconductor segment held the largest share of the stepper motor market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the stepper motor market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. ABB Ltd., Delta Electronics Inc., Faulhaber Group, National Instruments Corporation, Nidec Corporation, Nippon Pulse Motor Co. Ltd., Oriental Motor Co. Ltd., Sanyo Denki Co. Ltd., and Schneider Electric SE are among the major companies listed in the report.

Reasons to buy report

• To understand the APAC stepper motor market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for the APAC stepper motor market
• Efficiently plan M&A and partnership deals in the APAC stepper motor market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment forms of the APAC stepper motor market
• Obtain market revenue forecast for market by various segments from 2020 to 2027 in the APAC region.

APAC Stepper Motor Market Segmentation

APAC Stepper Motor Market, by Type

• Integrated Lead Screw Stepper Motor
• Rotary Stepper Motor
• Fully-Enclosed Stepper Drives

APAC Stepper Motor Market, by Technology

• Permanent Magnet Stepper Motor
• Hybrid Stepper Motor
• Variable Reluctance Stepper Motor

APAC Stepper Motor Market, by End User

• Semiconductor
• Packaging and Labelling
• Medical Equipment
• Industrial Machineries
• Others

APAC Stepper Motor Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Stepper Motor Market-Companies Mentioned        

• FAULHABER Group                 
• Oriental Motor USA Corp.      
• SANYO DENKI CO., LTD          
• Nidec Corporation                  
• Nippon Pulse Motor Co. Ltd.                
• ABB Ltd.    
• Schneider Electric SE             
• National Instruments Corporation      
• Delta Electronic

Asia Pacific Stepper Motor Market Strategic Insights

Asia Pacific Stepper Motor Market Segmentation Analysis

Asia Pacific Stepper Motor Market Report Highlights

Asia Pacific Stepper Motor Report Scope

Asia Pacific Stepper Motor Market Country and Regional Insights