What is scope of the report?

The base year for the study has been considered 2019, historic year 2014 and 2018. Read More

What are the significant segments operating in the market?

Market is segmented on the basis. Read More

What are the vital market dynamics?

The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. Read More

What does a company profile includes?

The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering. Read More

Servo and Stepper Motors Market by Motor Type (Servo Motor, Stepper Motor), End-User (Process Industry, Discrete Industry), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026

Publish Date: May, 2019
Report ID: 385901
Category: Automotive
Pages: 0

$4700

Global servo and stepper motors market is expected to reach USD 21.52 Billion by 2026, at a CAGR of 7.08% from 2019 to 2026. Factors propelling the growth of the market include need for precise control over rotor movement, increased adoption of IoT in motors, growing need for adjustable intelligent speed drives, and rapid growth & advancements in automation.

Market Overview:

Servo and stepper motors are used in various process industries. These motors specifications and tasks are a bit similar. The servo motor has advantages such as lower cost, lower torque options, require less costly cabling, and has open loop motion control component that makes machine integration simple and easy to use. The stepper motor provides high torque and higher voltages. Stepper motors are used highly due to their precision and accuracy in performing tasks. Stepper motors does not require encoders whereas servo motor requires an encoder to keep track of their position.

Report Description:

The base year for the study has been considered 2018, historic year 2016 and 2017, the forecast period considered is from 2019 to 2026. The global servo and stepper motors market is analysed on the basis of Value (USD Billion) and Volume (‘000 Units)
The study delivers a comprehensive analysis of global servo and stepper motors market by motor type, end-user, and regions.
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
Porter’s Five Forces model is used in order to recognize the competitive scenario in the global servo and stepper motors market. This report incorporates the industry analysis which is focused on providing an extensive view of the servo and stepper motors market.
The study also includes attractiveness analysis of motor type, end-user, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
The report provides company profile of the key players operating in the servo and stepper motors market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

Drivers:

Need for precise control over rotor movement
Increased adoption of IoT in motors
Growing need for adjustable intelligent speed drives
Rapid growth & advancements in automation

Restraints:

Stringent electricity utilization standards

Opportunities:

Growing demand for high-performance motors
Increasing vehicle production worldwide
Technological advancements in motors

Challenges:

High cost constrain has reduced the adoption of servo motors in small & medium enterprises

Global Servo and Stepper Motors Market Key Findings:

All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.

Segmentation Analysis:

The servo and stepper motors market is segmented on the basis of motor type and end-user.

The motor type segment covers servo motor and stepper motor. Servo motor segment is further segmented into servo motor type that includes AC motors and DC motors. The stepper motor is further divided into stepper motor type that includes rotary stepper motors, fully enclosed stepper motors, and integrated lead screw stepper motors. The servo motor segment dominated the market with the market size of USD 6.51 billion in 2018 due to increased precision and advanced accuracy levels in the movement of the shafts in industries will contribute to the growth of servo motor segment.
End-user segment process industry and discrete industry. The process industry segment is anticipated to grow with highest CAGR 7.37% during the forecast period owing to high precision level and provision to run the applications such as conveyors and CNC machines at a constant low speed for a longer time frame.

Regional Segmentation Analysis:

The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific region held the largest market share of approximately 39.28% in 2018 where as the North America region held the second dominant position in the global servo and stepper motors market.

Increasing need for energy-efficient production processes, increasing use of stepper motors in medical equipment, and advent of low-cost microcontrollers and digital signal processor (DSP) based motor control systems are some of the factors that led to the growth of servo and stepper motors market in Asia Pacific region.
North America is second fastest growing region due to presence of many processes and discrete industries and largest manufacturers and consumers in servo motors, and growing robotic & automation technologies.

Global Servo and Stepper Motors Market Competitive Analysis:

Key players in the servo and stepper motors market are ABB Ltd, Applied Motion Products, Faulhaber, Nippon Pulse, Schneider Electric, Ametek, Inc., Emerson, Mini Motor, Moog, Nidec Corporation, Phytron, TECO Electro Devices, Azbil, General Electric, Allied Motion Technologies, Inc., Siemens AG, Rockwell Automation Inc., and others. The ABB Ltd, Applied Motion Products, Faulhaber, Nippon Pulse, and Schneider Electric are the top leading players of the market.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global Servo and Stepper Motors market on the basis of below mentioned segments:

Global Servo and Stepper Motors Market, By Motor Type:

Servo Motor
- Servo Motor Type
  - AC Motors
  - DC Motors
Stepper Motor
- Stepper Motor Type
  - Rotary Stepper Motors
  - Fully Enclosed Stepper Motors
  - Integrated Lead Screw Stepper Motors

Global Servo and Stepper Motors Market, By End-User:

Process Industry
Discrete Industry

Global Servo and Stepper Motors Market, By Regions:

North America

The U.S.
Canada
Mexico

Europe

Germany
France
Sweden
Netherlands
U.K.
Italy
Spain
Turkey
Switzerland
Belgium
Rest of Europe

Asia-Pacific

Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific

South America

Brazil
Argentina
Colombia
Rest of South America

The Middle East and Africa

Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of the Middle East and Africa

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1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Motor Type
4.3.2. Market Attractiveness Analysis By End-User
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends

5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Need for precise control over rotor movement
5.2.2. Increased adoption of IoT in motors
5.2.3. Growing need for adjustable intelligent speed drives
5.2.4. Rapid growth & advancements in automation
5.3. Restraints
5.3.1. Stringent electricity utilization standards
5.4. Opportunities
5.4.1. Growing demand for high-performance motors
5.4.2. Increasing vehicle production worldwide
5.4.3. Technological advancements in motors
5.5. Challenges
5.5.1. High cost constrain has reduced the adoption of servo motors in small & medium enterprises

6. Global Servo and Stepper Motors Market Analysis and Forecast, By Motor Type
6.1. Segment Overview
6.2. Servo Motor
6.2.1. Servo Motor Type
6.2.1.1. AC Motors
6.2.1.2. DC Motors
6.3. Stepper Motor
6.3.1. Stepper Motor Type
6.3.1.1. Rotary Stepper Motors
6.3.1.2. Fully Enclosed Stepper Motors
6.3.1.3. Integrated Lead Screw Stepper Motors

7. Global Servo and Stepper Motors Market Analysis and Forecast, By End-User
7.1. Segment Overview
7.2. Process Industry
7.3. Discrete Industry

8. Global Servo and Stepper Motors Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. Sweden
8.3.4. Netherlands
8.3.5. U.K.
8.3.6. Italy
8.3.7. Spain
8.3.8. Turkey
8.3.9. Switzerland
8.3.10. Belgium
8.3.11. Rest of Europe
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. Singapore
8.4.7. Malaysia
8.4.8. Thailand
8.4.9. Indonesia
8.4.10. Philippines
8.4.11. Rest of Asia-Pacific
8.5. South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Colombia
8.5.4. Rest of South America
8.6. Middle East and Africa
8.6.1. Saudi Arabia
8.6.2. UAE
8.6.3. Egypt
8.6.4. Nigeria
8.6.5. South Africa
8.6.6. Rest of Middle East and Africa

9. Global Servo and Stepper Motors Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Servo and Stepper Motors Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions

10. Company Profiles
10.1. ABB Ltd
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Applied Motion Products
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Faulhaber
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Nippon Pulse
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Schneider Electric
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Ametek, Inc.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Emerson
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Mini Motor
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Moog
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Nidec Corporation
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Phytron
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. TECO Electro Devices
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Azbil
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. General Electric
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Allied Motion Technologies, Inc.
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. Siemens AG
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Product Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. Rockwell Automation Inc.
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Product Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis

List of Figures

1. Global Servo and Stepper Motors Market Segmentation

2. Servo and Stepper Motors Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis

7. Value Chain Analysis

8. Global Servo and Stepper Motors Market Attractiveness Analysis By Motor Type

9. Global Servo and Stepper Motors Market Attractiveness Analysis By End-User

10. Global Servo and Stepper Motors Market Attractiveness Analysis By Region

11. Global Servo and Stepper Motors Market: Dynamics

12. Global Servo and Stepper Motors Market Share By Motor Type (2018 & 2025)

13. Global Servo and Stepper Motors Market Share By End-User (2018 & 2025)

14. Global Servo and Stepper Motors Market Share By Region (2018 & 2025)

15. Global Servo and Stepper Motors Market Share By Company (2018)

List of Table

1. Global Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

2. Global Servo and Stepper Motors Market, By Servo Motor, 2016–2026 (USD Billion) (Thousand Units)

3. Global Servo Motor Servo and Stepper Motors Market, By Region, 2016–2026 (USD Billion) (Thousand Units)

4. Global Servo and Stepper Motors Market, By Servo Motor Type, 2016–2026 (USD Billion) (Thousand Units)

5. Global Servo Motor Type Servo and Stepper Motors Market, By Region, 2016–2026 (USD Billion) (Thousand Units)

6. Global AC Motors Servo and Stepper Motors Market, By Region, 2016–2026 (USD Billion) (Thousand Units)

7. Global DC Motors Servo and Stepper Motors Market, By Region, 2016–2026 (USD Billion) (Thousand Units)

8. Global Servo and Stepper Motors Market, By Stepper Motor Type, 2016–2026 (USD Billion) (Thousand Units)

9. Global Stepper Motor Type Servo and Stepper Motors Market, By Region, 2016–2026 (USD Billion) (Thousand Units)

10. Global Rotary Stepper Motors Servo and Stepper Motors Market, By Region, 2016–2026 (USD Billion) (Thousand Units)

11. Global Fully Enclosed Stepper Motors Servo and Stepper Motors Market, By Region, 2016–2026 (USD Billion) (Thousand Units)

12. Global Integrated Lead Screw Stepper Motors Servo and Stepper Motors Market, By Region, 2016–2026 (USD Billion) (Thousand Units)

13. Global Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

14. Global Process Industry Servo and Stepper Motors Market, By Region, 2016–2026 (USD Billion) (Thousand Units)

15. Global Discrete Industry Servo and Stepper Motors Market, By Region, 2016–2026 (USD Billion) (Thousand Units)

16. Global Servo and Stepper Motors Market, By Region, 2016–2026 (USD Billion) (Thousand Units)

17. North America Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

18. North America Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

19. U.S. Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

20. U.S. Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

21. Canada Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

22. Canada Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

23. Mexico Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

24. Mexico Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

25. Europe Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

26. Europe Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

27. Germany Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

28. Germany Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

29. France Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

30. France Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

31. Sweden Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

32. Sweden Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

33. Netherlands Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

34. Netherlands Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

35. U.K. Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

36. U.K. Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

37. Italy Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

38. Italy Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

39. Spain Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

40. Spain Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

41. Turkey Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

42. Turkey Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

43. Switzerland Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

44. Switzerland Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

45. Belgium Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

46. Belgium Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

47. Asia Pacific Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

48. Asia Pacific Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

49. Japan Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

50. Japan Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

51. China Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

52. China Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

53. India Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

54. India Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

55. South Korea Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

56. South Korea Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

57. Australia Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

58. Australia Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

59. Singapore Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

60. Singapore Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

61. Malaysia Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

62. Malaysia Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

63. Thailand Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

64. Thailand Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

65. Indonesia Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

66. Indonesia Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

67. Philippines Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

68. Philippines Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

69. South America Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

70. South America Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

71. Brazil Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

72. Brazil Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

73. Argentina Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

74. Argentina Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

75. Argentina Servo and Stepper Motors Market, By Organization, 2016–2026 (USD Billion) (Thousand Units)

76. Argentina Servo and Stepper Motors Market, By Uses, 2016–2026 (USD Billion) (Thousand Units)

77. Colombia Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

78. Colombia Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

79. Middle East and Africa Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

80. Middle East and Africa Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

81. Saudi Arabia Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

82. Saudi Arabia Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

83. UAE Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

84. UAE Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

85. Egypt Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

86. Egypt Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

87. Nigeria Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

88. Nigeria Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

89. South Africa Servo and Stepper Motors Market, By Motor Type, 2016–2026 (USD Billion) (Thousand Units)

90. South Africa Servo and Stepper Motors Market, By End-User, 2016–2026 (USD Billion) (Thousand Units)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

Market research helps businesses strengthen a company’s position
Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
Market research helps in identifying the potential threats and opportunities associated with the business industry
Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

Data Collection
Data Synthesis
Market Deduction & Formulation
Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends.
Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information.

We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:

Export & Import Data
Business Information related to trade and its statistics
Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.

In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
Examining demographic along with psychographic segmentation for market evaluation
Analyzing the macro and micro-economic indicators for each demography
Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology.

Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.

The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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Testimonials

Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –

Kennedy Brown
Health Technology Innovation
United States

Hi Rahul,
Thank You for the report it is good and beneficial for me.
Thank You in Advance

Mika Salomäki

Dear Siddhartha,
Thank you for your fast reply. The report arrived safe and sound, evrything looks all right.
Thank you very much for your assitance and I will be looking forward to another opportunity for cooperation.

ONDŘEJ ŠUPKA
Analytics Department
ČESKÁ ZBROJOVKA A.S.

Dear Siddhartha,
The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us.
Thanks for all your help!