Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. This particular research report titled “Small Motors Market Forecast, Trend Analysis & Competition Tracking - Global Review 2017 to 202” has been added to the wide online database of Fact.MR which discusses the present as well as future market scenario. Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global small motors market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the period until 2017 to 2022.
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Forecast Highlights on Global Small Motors Market
1- As per the forecast of Fact.MR, the DC brush motors (cored) segment is slated to touch a value of nearly US$ 2,560 Mn in the year 2022. This represents a negative CAGR growth during the assessment period of 2017-2026. The DC brush motors (cored) segment is estimated to account for nearly one-third of the revenue share of the product type segment by the year 2017 end and is expected to lose in market share by the year 2026 end.
2- As per the forecast of Fact.MR, AC small motors segment will reach a value of nearly US$ 2,920 Mn in the year 2026. This represents a sluggish CAGR growth during the forecast period. The AC small motors segment is estimated to account for more than one-fourth of the revenue share of the supply source segment in the year 2017 end and is expected to gain market share by the end of the year 2026.
3- As per the forecast of Fact.MR, the consumer electronics segment is slated to reach a value of nearly US$ 2,520 Mn in 2026. The consumer electronics segment is expected to lose some market value by the end of the year 2026. The largest share is contributed by the North America region in the consumer electronics segment.
4- Fact.MR forecasts that the consumer appliances segment will exhibit a CAGR of 1.1% from 2017 to 2026. Consumer appliances segment is estimated to account for nearly one-fourth of the revenue share of the application segment by 2017 end and is expected to lose some market share by the end of the year 2026.
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Minimal Opportunity in HB Stepper Motors and DC brush motors (coreless) Markets
The DC Brush Motors (coreless) segment of the small motors market is considerably smaller than all others and may not even exceed a value of US$ 50 million by the end of the eight-year study. Companies will have to devise customized strategies to attain a modicum of success in this niche segment of the small motors market. The HB Stepper motors segment is comparatively larger in comparison but is nonetheless predicted to record a sluggish CAGR of 2.7% for the forecast period. Along with North America, companies would do well to target either the Europe or APEJ HB stepper motor market as both have a similar market opportunity in the long run.
Consumer Appliances and Consumer Electronics Hold the Key in Small Motors Market
The consumer appliances and consumer electronics segment consist of more than half the share in the global small motors market in 2017. However, both segments are on track to lose BPS over the long term. The absolute dollar opportunity is greater in the consumer appliances segment as it is likely to be in the range of US$ 225 million. Miniaturization is a notable trend that has had an outsized impact on all industries, particularly consumer appliances and consumer electronics. North America on account of its affluent population, high disposable income, and robust communications infrastructure should hold maximum share in both segments of the small motors market.
Aerospace and Healthcare Segment Exhibit Strong Growth in Small Motors Market
The aerospace and healthcare segments have great potential in the small motors market with a massive gain in BPS projected in the former. The aerospace segment is estimated to cross a value of one billion dollars by the end of the forecast period.
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