Micro Motors Market to rise at highest CAGR and reach remarkable market value during 2019 and 2023 due to demand from the Automotive, home appliance, and medical equipment industries among others. Specifically, the micro motors market is witnessing increasing demand from the automotive industry, according to Global Micro Motors Market 2019 Industry Report published by “Market Research Future”.
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The key players in the global Micro Motors market include:
Mitsuba Corporation, Nidec Corporation, Johnson Electric Holdings Limited, Mabuchi Motors, Abb Ltd, Wellings Holdings Ltd, Asmo Co Ltd., Constar, Maxon Motors Ag, Buhler Motors Gmbh.
With recent technological developments, high quality micro motors are finding rapid integration in various industries, thus resulting in increasing demand in the micro motors market. With new markets such as electronic information and 3D printing also increasing adopting micro motors the market is expected to register high growth in the forecast period.
The key factor driving the global micro motors market growth is increasing demand from the automotive industry. The second factor contributing to the market growth is rapid integration of high-quality micro motor various industries due to recent technological developments which have resulted in increasing demand in the micromotors market. The rise of the new market is also leading to the global micro motors market growth.
Market Segments Analysis:
The Automotive Position Sensor market has been segmented on the basis of application as automotive, medical equipment, industrial automation and others. On the basis of technology, the market has been segmented as brushed and brushless. On the basis of power consumption, the market has been segmented as >11v, 12v-24v, 25v-48v, <48v.
The regional segmentation of the global micro motors market segments the market into the regional markets known North America, Europe, Asia Pacific, and rest of the world (RoW). During the forecast period, the Asia Pacific region is expected to dominate the global market due to the rapid increase in the construction and mining activities in this region. Other factors leading to market growth in this region are growing healthcare centers and increasing disposable income of users. Priority country-specific markets in this region are China, India, and Japan, followed by the remaining Asia Pacific countries.
Europe and North America are expected to form a big chunk of the global market together due to the technological development and presence of many key market players in these regions. In Europe, the vital country-specific markets are France, Germany, Italy, and the United Kingdom (UK), followed by the remaining countries in Europe. German Multinational Design Company Puma has introduced Puma Fi trainers, with micromotor based laces that get tightened on their own. The maximum revenue-generating country-specific markets in North America are the USA, Canada, and Mexico.
The RoW segment covers South America and the Middle East & Africa (MEA) region. In South America, the market is growing slowly due to slow economic growth in this region. The most important country-specific markets in South America are Argentina and Brazil, followed by the remaining countries in South America. In the MEA region, the market is growing due to the demand for vehicles. However, the market is limited in this region due to lack of necessary infrastructure, lack of technology, lack of awareness, and lack of education. In the MEA region, the major country-specific markets are Saudi Arabia, South Africa, Qatar, and the UAE, followed by the remaining countries in the MEA region.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL MICRO MOTORS MARKET
5 INDUSTRY OVERVIEW OF GLOBAL MICRO MOTORS MARKET
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
LIST OF TABLES:
TABLE 1 GLOBAL MICRO MOTORS MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA MICRO MOTORS MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE MICRO MOTORS MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC MICRO MOTORS MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA MICRO MOTORS MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA MICRO MOTORS MARKET: BY COUNTRY, 2017-2023
LIST OF FIGURES:
FIGURE 1 GLOBAL MICRO MOTORS MARKET SEGMENTATION
FIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL MICRO MOTORS MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL MICRO MOTORS MARKET
FIGURE 5 SHARE OF GLOBAL MICRO MOTORS MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL MICRO MOTORS MARKET, 2017-2023,
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