The industrial robotic motors market size is anticipated to be worth USD 1.2 billion in 2023. The market is expected to expand at a CAGR of 14% during the forecast period 2023 to 2033 and, reach USD 4.6 billion by 2033.
Key Market Trends and Highlights
| Attributes | Key Insights |
|---|---|
| Industrial Robotic Motors Market Estimated Size in 2023 | USD 1.2 billion |
| Projected Market Value in 2033 | USD 4.6 billion |
| Value-based CAGR from 2023 to 2033 | 14% |
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The scope for industrial robotic motors rose at a 13% CAGR between 2018 and 2022. The global market for industrial robotic motors is anticipated to grow at a moderate CAGR of 14% over the forecast period 2023 to 2033.
| Report Attribute | Details |
|---|---|
| Market Value in 2018 | USD 650 million |
| Market Value in 2022 | USD 1.1 billion |
| CAGR from 2018 to 2022 | 13% |
The industrial robotic motors market witnessed substantial growth from 2018 to 2022. Key drivers included increased automation across industries, particularly in automotive and electronics manufacturing. Industrial robots became more versatile, and this drove demand for precision motors with integrated sensors.
Technological advancements during this period focused on energy efficiency, resulting in motors with greater efficiency compared to 2018. The market also showed consolidation, with major players expanding through acquisitions.
Looking ahead to 2033, the industrial robotic motors market is poised for further expansion. Continued automation across sectors like healthcare, food processing, and logistics, driven by labor shortages and cost efficiency, are assumed to propel demand.
Innovations in motor technology will include advanced AI-driven motors that optimize robot performance and predictive maintenance, reducing downtime. Sustainable practices are estimated to remain a focus, with motors achieving greater energy efficiency compared to 2018.
Asia-Pacific is likely to remain a dominant market, particularly in China, where rapid industrialization and technological adoption are anticipated. Regulatory initiatives promoting safety and energy efficiency will shape market dynamics.
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The below table showcases revenues in terms of the top 5 leading countries, spearheaded by the United States and China. These two countries are expected to lead the market through 2033, with sizes of USD 800 million and USD 820 million.
| Country | The United States |
|---|---|
| Expected Market Values in 2033 | USD 820 million |
| Forecast CAGRs from 2023 to 2033 | 13.8% |
| Country | China |
|---|---|
| Expected Market Values in 2033 | USD 800 million |
| Forecast CAGRs from 2023 to 2033 | 13.7% |
| Country | The United Kingdom |
|---|---|
| Expected Market Values in 2033 | USD 784 million |
| Forecast CAGRs from 2023 to 2033 | 13% |
| Country | Japan |
|---|---|
| Expected Market Values in 2033 | USD 753 million |
| Forecast CAGRs from 2023 to 2033 | 13.1% |
The industrial robotic motors market in China is expected to reach a value of USD 800 million. The market in China is poised to expand at a CAGR of 13.7% through 2033.
The swift growth of the automobile sector is expected to boost the consumption of robot arm motors in China during the evaluation period.
Based on the China Association of Automobile Manufacturers (CAAM), the country manufactured around 2608.2 units of passenger automobiles and 467.4 units of commercial vehicles between January 2021 and February 2021. Both car manufacturing and sale are likely to increase in the foreseeable future, boosting popularity in China.
China's vast manufacturing sector, including electronics, automotive, and machinery industries, is driving robust demand for industrial robotic motors. The government's Made in China 2025 initiative further emphasizes automation and robotics adoption.
The increasing labor costs in China have accelerated the adoption of automation solutions, leading to a greater need for high-performance motors to power industrial robots.
The Chinese government provides incentives and policies to encourage automation adoption, making it an attractive market for industrial robotic motor manufacturers.
Industrial robotic motors trends in the United Kingdom are taking a turn for the better. A 13% CAGR is forecast for the country from 2023 to 2033. By the end of this forecast period, the United Kingdom industrial robotic motors market is likely to total USD 784 million.
The existence of a significant number of reputable robot wheel motor producers and research facilities in the United Kingdom is anticipated to propel the market over the duration of the study. According to FMI, the industrial robotic motors industry in Europe, the Middle East, and Africa (EMEA) held around 21% of the market in 2022.
In January 2022, for instance, scientists at Birmingham University stated that they had begun work on the construction of autonomous, automatic learning robots that might be used for dismantling and other related tasks.
The Engineering and Physical Sciences Research Council (EPSRC) is funding the research, which will aid in the development of robots that can self-learn dismantle chores and other methods of control.
The United States is expected to reach USD 753 million by 2033, rising at a CAGR of 13.8%. The United States has witnessed a resurgence in manufacturing, including industries like automotive, electronics, and aerospace. This resurgence fuels the demand for industrial robots, driving the market for robotic motors.
American industries are increasingly adopting advanced robotics and automation solutions to enhance productivity, improve quality, and remain competitive on a global scale. This trend boosts the need for high-performance motors.
The United States invests heavily in research and development, fostering innovations in robotic motor technology. This includes energy-efficient motors, precision control systems, and collaborative robot solutions.
The growth of emerging sectors such as e-commerce and warehouse automation, as well as the expansion of the healthcare robotics market, presents new opportunities for industrial robotic motors.
Government initiatives support automation and robotics adoption. Tax incentives and grants for manufacturers investing in automation infrastructure incentivize market growth.
The United States prioritizes safety in automation, requiring motors with advanced safety features. Compliance with safety standards and regulations is crucial for market participants.
Expected to reach USD 1.2 billion by 2033, the industrial robotic motors market in Japan is set to experience positive growth. From 2023 to 2033, the country is likely to register a 13.1% CAGR.
Japan is renowned for its advanced robotics technology. The country continues to invest in research and development, leading to the creation of high-precision and efficient robotic motors that cater to a wide range of industries.
Japan's manufacturing sector, particularly in automotive, electronics, and precision engineering, relies heavily on industrial robots. The demand for robotic motors remains steady as manufacturers pursue automation and quality improvements.
Japan's aging workforce and labor shortages have accelerated the adoption of automation, driving the market for industrial robotic motors. Robotics is seen as a solution to bridge the gap in labor-intensive industries.
Japan has been at the forefront of robot development. The market for robotic motors used in collaborative robots is expected to expand significantly as these robots find applications in healthcare, elderly care, and manufacturing.
The Japanese government supports automation adoption through initiatives like the Robot Revolution Realization Council, providing incentives and regulatory frameworks that promote the use of industrial robots and associated motors.
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The below table highlights how cotton is projected to lead the market in terms of motor types, increasing at 14% CAGR through 2033.
The articulated robot segment is likely to spearhead sales based on source, and is anticipated to witness a CAGR of 13.9% through 2033.
| Category | CAGR from 2023 to 2033 |
|---|---|
| Servo Motor | 14% |
| Articulated Robot | 13.9% |
The servo motor segment is assumed to rise at a CAGR of 14% from 2023 to 2033.
In terms of motor type, the servo motor segment is expected to dominate the industrial robotic motors sector in the coming years. Servo robot joint motors are regulated by a digital or analog electric signal that directs the amount of movement, reflecting the shaft's ultimate command location.
The servo robot joint motors have an excellent output power to motor size ratio and are highly efficient. The deployment of servo robot joint motors is expected to increase over the coming years due to their capacity to assess resolution and precision using an encoder.
The articulated robot segment is expected to emerge as a prominent segment. A CAGR of 13.9% is projected from 2023 to 2033.
The articulated robot segment is expected to account for the largest share of the industrial robotic motors market by 2033. Through connection with robot vision equipment and programming, these robots can easily react to deviations or process modifications.
They are also widely used in autonomous pick and place, welding robotics, and robotic building applications around the world. Because of its versatility, articulated robots are projected to be in tremendous demand in the production industry.
Leading companies in the worldwide industrial robotic motors market are focused on incorporating cutting-edge technologies into automation solutions to improve and simplify manufacturing processes. Meanwhile, other significant firms are collaborating to create robot arm motors through collaborations, alliances, mergers, and deals.
| Attribute | Details |
|---|---|
| Estimated Market Size in 2023 | USD 1.2 billion |
| Projected Market Valuation in 2033 | USD 4.6 billion |
| Value-based CAGR 2023 to 2033 | 14% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Motor Type, Robot Type, Fit Type, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | ABB Group; Nidec Corporation; FAULHABER Group; PMDM Group; HDD; Aurotek Corporation; Kollmorgen; Fanuc Corporation; Kawasaki Heavy Industries; Lin Engineering; Shenzhen Topband; Pololu Corporation; ElectroCraft; Zikodrive Motor Controllers; Duowei Electric |
The industrial robotic motors market is expected to reach USD 1.2 billion in 2023.
The market for industrial robotic motors is set to expand by a CAGR of 14% by 2033.
The industrial robotic motors industry is forecast to reach USD 4.6 billion by 2033.
China is likely to be the top performing market, accounting for USD 800 million in 2033.
The servo motor segment is assumed to rise at a CAGR of 14% from 2023 to 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Motor Type 5.1. Servo Motor 5.2. DC Motor 5.3. Stepper Motor 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Robot Type 6.1. SCARA Robot 6.2. Delta Robot 6.3. Cartesian/Gantry Robot 6.4. Articulated Robot 6.5. Collaborative Robot 6.6. Dual Arm Robot 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fit Type 7.1. First Fit 7.2. Retro Fit 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. ABB Group 18.2. Nidec Corporation 18.3. FAULHABER Group 18.4. PMDM Group 18.5. HDD 18.6. Aurotek Corporation 18.7. Kollmorgen 18.8. Fanuc Corporation 18.9. Kawasaki Heavy Industries 18.10. Lin Engineering 18.11. Shenzhen Topband 18.12. Pololu Corporation 18.13. ElectroCraft 18.14. Zikodrive Motor Controllers 18.15. Duowei Electric 19. Assumptions & Acronyms Used 20. Research Methodology
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Industrial Robotic Motors Market
