Global Special Motor Market Overview:
Special motor is designed for specific equipment and are used across industries to control torque, velocity and position. As single motor can be used for various applications but wherever frictional power is needed a custom made motor is preferred as improving the efficiency is the key. Special motors include brush-less DC motors, stepping motors, single phase motors and others. Rise in automotive industry and rapid industrialization have led to increase in demand for special motors across various machining equipment.
Growth Drivers
- Growing Demand from End-user Industries Owing to Rising Focus on Increasing Efficiency
Roadblocks
- High Cost Involved in Manufacturing of Special Motor
Opportunities
- Growing Automotive Industry Led by Rising Penetration of Electric Vehicles
- Rising Industrialization in Emerging Country and Emergence of Industry 4.0
Challenges
- Complexity Involved in Designing of Special Motors
- Volatility in Raw Materials Prices
Competitive Landscape:
Some of the key players profiled in the report are LG INNOTEK (South Korea), MINEBEA (Japan), Mitsuba (Japan), Johnson Motor (Hong Kong), HYSONIC (Philippines), DENSO (Japan), Tokyo Parts (Japan), Mitsumi (Japan), ASMO (United States), C. I. Kasei (Japan), Brose (Germany), Mabuchi Motor (Japan) and NIDEC (Japan). Additionally, following companies can also be profiled that are part of our coverage like Welling Holding Limited (China), Sanyo Denki (Japan), Shinano Motor (United States), JAHWA ELECTRONICS (South Korea), Valeo (France) and Mark Elektriks (India). Analyst at AMA Research see Japanese Manufacturers to retain maximum share of Global Special Motor market by 2027. Considering Market by End Users, the sub-segment i.e. Industry will boost the Special Motor market.
What Can be Explored with the Special Motor Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Special Motor Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Special Motor
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Special Motor market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Special Motor market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Special Motor Manufacturers, Raw Materials Suppliers, Components Suppliers/Distributors, End-user Industry, Market and Research Firms, Potential Investors, Government Agencies, Research Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.