The Global Servo Motors Market size is expected to reach $17.8 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period.
Europe's emphasis on Industry 4.0 principles, including digitalization, connectivity, and smart manufacturing, is accelerating the deployment of these motors in advanced automation systems. Consequently, the European region would acquire nearly, 21% of the total market share by 2030. Europe is at the forefront of industrial automation, with a robust ecosystem of manufacturers, integrators, and technology providers driving innovation and adoption of servo motor solutions.
The major strategies followed by the market participants are Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. For instance, in February, 2024, ABB signed an agreement to acquire SEAM Group. This acquisition enhances ABB's Electrification Service offering with expertise in predictive maintenance, electrical safety, renewables, and asset management advisory services. Moreover, in October, 2023, Rockwell Automation took over Clearpath Robotics, a Canadia robotics company. This positions Rockwell as a leader in end-to-end production logistics solutions.
Based on the Analysis presented in the KBV Cardinal matrix; Siemens AG is the forerunners in the Market. In July, 2023, Siemens acquired the EV division of Mass-Tech Controls Private Limited, a Mumbai-based company specializing in AC and DC chargers for electric vehicles (EVs). The acquisition aimed at enhancing Siemens' e-mobility portfolio to meet the growing demand in India's evolving EV market. Companies such as Schneider Electric SE, ABB Group and Parker Hannifin Corporation are some of the key innovators in Market.
Market Growth Factors
Advances in servo motor controller technology have led to developing more powerful and precise controllers. Moreover, these motors are increasingly equipped with communication protocols that facilitate seamless integration with other components of Industry 4.0 systems. Hence, these aspects will drive the demand in the market.
Industrial automation solutions, driven by these motors, significantly enhance production efficiency by automating repetitive tasks, reducing cycle times, and minimizing errors. Additionally, these motors provide precise positioning, speed control, and torque regulation capabilities, improving product quality and consistency. Hence, owing to these factors, there will be increased demand for these motors.
Market Restraining Factors
A substantial initial investment is needed to acquire, install, and integrate servo motor systems. This financial barrier can be particularly daunting for small and medium-sized enterprises (SMEs) or companies with constrained capital budgets, hindering their ability to adopt servo motor technology. Moreover, SMEs may face difficulty securing financing or loans to fund servo motor projects, as financial institutions may perceive such investments as high-risk or require stringent collateral or credit requirements. Thus, these factors can decrease demand for these motors in the upcoming years.
By System Analysis
On the basis of system, the market is divided into linear and rotary. In 2022, the linear segment witnessed a 27% revenue share in the market. Linear servo motors provide precise and accurate linear motion, making them ideal for applications requiring tight tolerances and positioning accuracy.
By Type Analysis
Based on type, the market is segmented into AC servo motor and DC servo motor. In 2022, the DC servo motor segment garnered an 18% revenue share in the market. DC servo motors are known for their high-performance capabilities, providing precise speed control, torque regulation, and dynamic responsiveness. With advancements in motor design, materials, and control algorithms, modern DC servo motors offer improved accuracy, speed, and stability, enabling superior motion control in diverse applications.
By Application Analysis
Based on application, the market is divided into robotics, machine tools, electronic devices, printing & packaging technologies, and others. In 2022, the machine tools segment witnessed a 28% revenue share in the market. Multi-axis machining has become increasingly prevalent in this segment, enabled by these motors capable of driving complex motion profiles and synchronized movements across multiple axes. By leveraging these motors for multi-axis control, machine tools can perform intricate operations such as simultaneous milling, turning, and drilling with unprecedented accuracy and efficiency. Thus, these aspects can fuel the demand in the segment.
By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured 37% revenue share in the market in 2022. The automotive and electronics industries are major consumers of these motors in the Asia Pacific region. With the rise of electric vehicles, smart manufacturing, and Industry 4.0 initiatives, there is a growing need for these motors in electric power steering systems, EV drivetrains, robotics, and automated assembly lines. Therefore, these aspects can lead to increased growth in the segment.
Market Competition and Attributes
The Market is highly competitive due to industry growth, technological advancements, global presence, diverse applications, price competition, and meeting customer demands. This environment drives companies to innovate and improve continuously to stay competitive.
Recent Strategies Deployed in the Market
- May-2023: Mitsubishi Electric signed a partnership with Movensys, a Korean software company, to enhance its AC servo and motion control business. Under the partnership, Mitsubishi aimed to expand its servo business using Movensys' software-based motion control technologies.
- Sep-2022: ABB partnered with Samotics, an ESA technology provider, to enhance condition monitoring services using Samotics' plug-and-play ESA technology, SAM4, integrated into ABB's digital portfolio. The partnership would facilitate deeper insights into machine health and energy efficiency without field sensor mounting, benefiting various industrial sectors with optimized maintenance and reliability decisions.
- Aug-2022: Bosch Rexroth AG announced the acquisition of Elmo Motion Control, an Israeli electronics company. The acquisition strengthens Bosch Rexroth's factory automation capabilities.
- Oct-2021: Regal Rexnord Corporation announced the merger of Regal Beloit Corporation with Rexnord Corporation's Process & Motion Control Business. The merger would allow the company to provide broader components of offering enhanced digital and IoT capabilities.
- Mar-2021: Yaskawa Electric Corporation launched the Σ-X Series AC servo motors. Key features include industry-leading motion performance with high-speed response frequency and improved servo adjustment functions. The series also offers digital data solutions for preventive maintenance and equipment monitoring.
List of Key Companies Profiled
- Siemens AG
- ABB Group
- Yaskawa Electric Corporation
- Rockwell Automation, Inc.
- FANUC Corporation
- Mitsubishi Electric Corporation
- Parker Hannifin Corporation
- Schneider Electric SE
- Bosch Rexroth AG (Robert Bosch GmbH)
- Regal Rexnord Corporation
Global Servo Motors Market Report Segmentation
By System
By Type
- AC Servo Motor
- DC Servo Motor
By Application
- Robotics
- Machine Tools
- Printing & Packaging Technologies
- Electronic Devices
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Servo Motors Market, by System
- 1.4.2Global Servo Motors Market, by Type
- 1.4.3Global Servo Motors Market, by Application
- 1.4.4Global Servo Motors Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
Chapter 4.Competition Analysis - Global
- 4.1KBV Cardinal Matrix
- 4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
- 4.3Top Winning Strategies
- 4.3.1Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.4Porter Five Forces Analysis
Chapter 5.Global Servo Motors Market by System
- 5.1Global Rotary Market by Region
- 5.2Global Linear Market by Region
Chapter 6.Global Servo Motors Market by Type
- 6.1Global AC Servo Motor Market by Region
- 6.2Global DC Servo Motor Market by Region
Chapter 7.Global Servo Motors Market by Application
- 7.1Global Robotics Market by Region
- 7.2Global Machine Tools Market by Region
- 7.3Global Printing & Packaging Technologies Market by Region
- 7.4Global Electronic Devices Market by Region
- 7.5Global Others Market by Region
Chapter 8.Global Servo Motors Market by Region
- 8.1North America Servo Motors Market
- 8.1.1North America Servo Motors Market by System
- 8.1.1.1North America Rotary Market by Country
- 8.1.1.2North America Linear Market by Country
- 8.1.2North America Servo Motors Market by Type
- 8.1.2.1North America AC Servo Motor Market by Country
- 8.1.2.2North America DC Servo Motor Market by Country
- 8.1.3North America Servo Motors Market by Application
- 8.1.3.1North America Robotics Market by Country
- 8.1.3.2North America Machine Tools Market by Country
- 8.1.3.3North America Printing & Packaging Technologies Market by Country
- 8.1.3.4North America Electronic Devices Market by Country
- 8.1.3.5North America Others Market by Country
- 8.1.4North America Servo Motors Market by Country
- 8.1.4.1US Servo Motors Market
- 8.1.4.1.1US Servo Motors Market by System
- 8.1.4.1.2US Servo Motors Market by Type
- 8.1.4.1.3US Servo Motors Market by Application
- 8.1.4.2Canada Servo Motors Market
- 8.1.4.2.1Canada Servo Motors Market by System
- 8.1.4.2.2Canada Servo Motors Market by Type
- 8.1.4.2.3Canada Servo Motors Market by Application
- 8.1.4.3Mexico Servo Motors Market
- 8.1.4.3.1Mexico Servo Motors Market by System
- 8.1.4.3.2Mexico Servo Motors Market by Type
- 8.1.4.3.3Mexico Servo Motors Market by Application
- 8.1.4.4Rest of North America Servo Motors Market
- 8.1.4.4.1Rest of North America Servo Motors Market by System
- 8.1.4.4.2Rest of North America Servo Motors Market by Type
- 8.1.4.4.3Rest of North America Servo Motors Market by Application
- 8.2Europe Servo Motors Market
- 8.2.1Europe Servo Motors Market by System
- 8.2.1.1Europe Rotary Market by Country
- 8.2.1.2Europe Linear Market by Country
- 8.2.2Europe Servo Motors Market by Type
- 8.2.2.1Europe AC Servo Motor Market by Country
- 8.2.2.2Europe DC Servo Motor Market by Country
- 8.2.3Europe Servo Motors Market by Application
- 8.2.3.1Europe Robotics Market by Country
- 8.2.3.2Europe Machine Tools Market by Country
- 8.2.3.3Europe Printing & Packaging Technologies Market by Country
- 8.2.3.4Europe Electronic Devices Market by Country
- 8.2.3.5Europe Others Market by Country
- 8.2.4Europe Servo Motors Market by Country
- 8.2.4.1Germany Servo Motors Market
- 8.2.4.1.1Germany Servo Motors Market by System
- 8.2.4.1.2Germany Servo Motors Market by Type
- 8.2.4.1.3Germany Servo Motors Market by Application
- 8.2.4.2UK Servo Motors Market
- 8.2.4.2.1UK Servo Motors Market by System
- 8.2.4.2.2UK Servo Motors Market by Type
- 8.2.4.2.3UK Servo Motors Market by Application
- 8.2.4.3France Servo Motors Market
- 8.2.4.3.1France Servo Motors Market by System
- 8.2.4.3.2France Servo Motors Market by Type
- 8.2.4.3.3France Servo Motors Market by Application
- 8.2.4.4Russia Servo Motors Market
- 8.2.4.4.1Russia Servo Motors Market by System
- 8.2.4.4.2Russia Servo Motors Market by Type
- 8.2.4.4.3Russia Servo Motors Market by Application
- 8.2.4.5Spain Servo Motors Market
- 8.2.4.5.1Spain Servo Motors Market by System
- 8.2.4.5.2Spain Servo Motors Market by Type
- 8.2.4.5.3Spain Servo Motors Market by Application
- 8.2.4.6Italy Servo Motors Market
- 8.2.4.6.1Italy Servo Motors Market by System
- 8.2.4.6.2Italy Servo Motors Market by Type
- 8.2.4.6.3Italy Servo Motors Market by Application
- 8.2.4.7Rest of Europe Servo Motors Market
- 8.2.4.7.1Rest of Europe Servo Motors Market by System
- 8.2.4.7.2Rest of Europe Servo Motors Market by Type
- 8.2.4.7.3Rest of Europe Servo Motors Market by Application
- 8.3Asia Pacific Servo Motors Market
- 8.3.1Asia Pacific Servo Motors Market by System
- 8.3.1.1Asia Pacific Rotary Market by Country
- 8.3.1.2Asia Pacific Linear Market by Country
- 8.3.2Asia Pacific Servo Motors Market by Type
- 8.3.2.1Asia Pacific AC Servo Motor Market by Country
- 8.3.2.2Asia Pacific DC Servo Motor Market by Country
- 8.3.3Asia Pacific Servo Motors Market by Application
- 8.3.3.1Asia Pacific Robotics Market by Country
- 8.3.3.2Asia Pacific Machine Tools Market by Country
- 8.3.3.3Asia Pacific Printing & Packaging Technologies Market by Country
- 8.3.3.4Asia Pacific Electronic Devices Market by Country
- 8.3.3.5Asia Pacific Others Market by Country
- 8.3.4Asia Pacific Servo Motors Market by Country
- 8.3.4.1China Servo Motors Market
- 8.3.4.1.1China Servo Motors Market by System
- 8.3.4.1.2China Servo Motors Market by Type
- 8.3.4.1.3China Servo Motors Market by Application
- 8.3.4.2Japan Servo Motors Market
- 8.3.4.2.1Japan Servo Motors Market by System
- 8.3.4.2.2Japan Servo Motors Market by Type
- 8.3.4.2.3Japan Servo Motors Market by Application
- 8.3.4.3India Servo Motors Market
- 8.3.4.3.1India Servo Motors Market by System
- 8.3.4.3.2India Servo Motors Market by Type
- 8.3.4.3.3India Servo Motors Market by Application
- 8.3.4.4South Korea Servo Motors Market
- 8.3.4.4.1South Korea Servo Motors Market by System
- 8.3.4.4.2South Korea Servo Motors Market by Type
- 8.3.4.4.3South Korea Servo Motors Market by Application
- 8.3.4.5Singapore Servo Motors Market
- 8.3.4.5.1Singapore Servo Motors Market by System
- 8.3.4.5.2Singapore Servo Motors Market by Type
- 8.3.4.5.3Singapore Servo Motors Market by Application
- 8.3.4.6Malaysia Servo Motors Market
- 8.3.4.6.1Malaysia Servo Motors Market by System
- 8.3.4.6.2Malaysia Servo Motors Market by Type
- 8.3.4.6.3Malaysia Servo Motors Market by Application
- 8.3.4.7Rest of Asia Pacific Servo Motors Market
- 8.3.4.7.1Rest of Asia Pacific Servo Motors Market by System
- 8.3.4.7.2Rest of Asia Pacific Servo Motors Market by Type
- 8.3.4.7.3Rest of Asia Pacific Servo Motors Market by Application
- 8.4LAMEA Servo Motors Market
- 8.4.1LAMEA Servo Motors Market by System
- 8.4.1.1LAMEA Rotary Market by Country
- 8.4.1.2LAMEA Linear Market by Country
- 8.4.2LAMEA Servo Motors Market by Type
- 8.4.2.1LAMEA AC Servo Motor Market by Country
- 8.4.2.2LAMEA DC Servo Motor Market by Country
- 8.4.3LAMEA Servo Motors Market by Application
- 8.4.3.1LAMEA Robotics Market by Country
- 8.4.3.2LAMEA Machine Tools Market by Country
- 8.4.3.3LAMEA Printing & Packaging Technologies Market by Country
- 8.4.3.4LAMEA Electronic Devices Market by Country
- 8.4.3.5LAMEA Others Market by Country
- 8.4.4LAMEA Servo Motors Market by Country
- 8.4.4.1Brazil Servo Motors Market
- 8.4.4.1.1Brazil Servo Motors Market by System
- 8.4.4.1.2Brazil Servo Motors Market by Type
- 8.4.4.1.3Brazil Servo Motors Market by Application
- 8.4.4.2Argentina Servo Motors Market
- 8.4.4.2.1Argentina Servo Motors Market by System
- 8.4.4.2.2Argentina Servo Motors Market by Type
- 8.4.4.2.3Argentina Servo Motors Market by Application
- 8.4.4.3UAE Servo Motors Market
- 8.4.4.3.1UAE Servo Motors Market by System
- 8.4.4.3.2UAE Servo Motors Market by Type
- 8.4.4.3.3UAE Servo Motors Market by Application
- 8.4.4.4Saudi Arabia Servo Motors Market
- 8.4.4.4.1Saudi Arabia Servo Motors Market by System
- 8.4.4.4.2Saudi Arabia Servo Motors Market by Type
- 8.4.4.4.3Saudi Arabia Servo Motors Market by Application
- 8.4.4.5South Africa Servo Motors Market
- 8.4.4.5.1South Africa Servo Motors Market by System
- 8.4.4.5.2South Africa Servo Motors Market by Type
- 8.4.4.5.3South Africa Servo Motors Market by Application
- 8.4.4.6Nigeria Servo Motors Market
- 8.4.4.6.1Nigeria Servo Motors Market by System
- 8.4.4.6.2Nigeria Servo Motors Market by Type
- 8.4.4.6.3Nigeria Servo Motors Market by Application
- 8.4.4.7Rest of LAMEA Servo Motors Market
- 8.4.4.7.1Rest of LAMEA Servo Motors Market by System
- 8.4.4.7.2Rest of LAMEA Servo Motors Market by Type
- 8.4.4.7.3Rest of LAMEA Servo Motors Market by Application
Chapter 9.Company Profiles
- 9.1Siemens AG
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expense
- 9.1.5Recent strategies and developments:
- 9.1.5.1Product Launches and Product Expansions:
- 9.1.5.2Acquisition and Mergers:
- 9.1.6SWOT Analysis
- 9.2ABB Group
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research & Development Expense
- 9.2.5Recent strategies and developments:
- 9.2.5.1Partnerships, Collaborations, and Agreements:
- 9.2.5.2Acquisition and Mergers:
- 9.2.6SWOT Analysis
- 9.3Mitsubishi Electric Corporation
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expense
- 9.3.5Recent strategies and developments:
- 9.3.5.1Partnerships, Collaborations, and Agreements:
- 9.3.6SWOT Analysis
- 9.4Schneider Electric SE
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expense
- 9.4.5Recent strategies and developments:
- 9.4.5.1Product Launches and Product Expansions:
- 9.4.6SWOT Analysis
- 9.5Yaskawa Electric Corporation
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Segmental and Regional Analysis
- 9.5.4Recent strategies and developments:
- 9.5.4.1Partnerships, Collaborations, and Agreements:
- 9.5.4.2Product Launches and Product Expansions:
- 9.5.5SWOT Analysis
- 9.6FANUC Corporation
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Regional Analysis
- 9.6.4Research & Development Expense
- 9.6.5SWOT Analysis
- 9.7Rockwell Automation, Inc.
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expenses
- 9.7.5Recent strategies and developments:
- 9.7.5.1Acquisition and Mergers:
- 9.7.6SWOT Analysis
- 9.8Parker Hannifin Corporation
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Segmental and Regional Analysis
- 9.8.4Research & Development Expenses
- 9.8.5Recent strategies and developments:
- 9.8.5.1Partnerships, Collaborations, and Agreements:
- 9.8.5.2Product Launches and Product Expansions:
- 9.8.6SWOT Analysis
- 9.9Bosch Rexroth AG (Robert Bosch GmbH)
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Segmental and Regional Analysis
- 9.9.4Research & Development Expense
- 9.9.5Recent strategies and developments:
- 9.9.5.1Acquisition and Mergers:
- 9.9.6SWOT Analysis
- 9.10.Regal Rexnord Corporation
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segmental and Regional Analysis
- 9.10.4Research & Development Expenses
- 9.10.5Recent strategies and developments:
- 9.10.5.1Acquisition and Mergers:
Chapter 10.Winning Imperatives for Servo Motors Market