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PUBLISHER: KBV Research | PRODUCT CODE: 1461885
PUBLISHER: KBV Research | PRODUCT CODE: 1461885
LAMEA Servo Motors Market Size, Share & Trends Analysis Report By System, By Type, By Application (Robotics, Machine Tools, Printing & Packaging Technologies, Electronic Devices and Others), By Country and Growth Forecast, 2023 - 2030
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The Latin America, Middle East and Africa Servo Motors Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030).
The Brazil market dominated the LAMEA Servo Motors Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $349 Million by 2030. The Argentina market is showcasing a CAGR of 7.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.8% during (2023 - 2030).
A key trend is integrating Industry 4.0 principles and technologies, such as Internet of Things (IoT) connectivity, data analytics, and predictive maintenance, into servo motor systems. With real-time data and advanced analytics, manufacturers can optimize servo motor performance, anticipate maintenance needs, and minimize downtime, enhancing efficiency, reliability, and overall equipment effectiveness (OEE).
Furthermore, advancements in servo motor technology are enabling new applications and capabilities, such as collaborative robotics, additive manufacturing, and autonomous vehicles. These motors with enhanced precision, speed, and versatility empower industries to push the boundaries of automation and achieve unprecedented levels of productivity and innovation.
According to data from the Government of UAE, in 2020, the UAE approved a temporary license to test self-driving vehicles, a move that reflects the government's continuous efforts to adopt advanced technologies within all sectors. Testing autonomous vehicles is part of the UAE's strategy to become a global leader in attracting innovation and advanced technology applications. In addition, the Saudi government has implemented various policies and incentives to encourage automotive manufacturing and localization within the country. As per the data from the International Trade Administration, the automotive sector in the Middle East and North Africa (MENA) region is currently experiencing a 36% growth rate, with Saudi Arabia emerging as the primary industry in the area. In 2020, Saudi Arabia constituted 35% of the vehicles sold in the MENA region and nearly 52% of the vehicles sold in the Gulf Cooperation Council. In 2019, 556 thousand vehicles were sold in Saudi Arabia; in 2020, 436 thousand vehicles were sold. The projected sales figure by 2025 is 543,000 units. Hence, the rising adoption of self-driving cars and automotive sector growth in LAMEA will assist in the expansion of the regional market.
Based on System, the market is segmented into Rotary and Linear. Based on Type, the market is segmented into AC Servo Motor and DC Servo Motor. Based on Application, the market is segmented into Robotics, Machine Tools, Printing & Packaging Technologies, Electronic Devices and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA Servo Motors Market Report Segmentation
By System
- Rotary
- Linear
By Type
- AC Servo Motor
- DC Servo Motor
By Application
- Robotics
- Machine Tools
- Printing & Packaging Technologies
- Electronic Devices
- Others
By Country
- 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
- 1.4.1LAMEA Servo Motors Market, by System
- 1.4.2LAMEA Servo Motors Market, by Type
- 1.4.3LAMEA Servo Motors Market, by Application
- 1.4.4LAMEA Servo Motors Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 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.LAMEA Servo Motors Market by System
- 5.1LAMEA Rotary Market by Country
- 5.2LAMEA Linear Market by Country
Chapter 6.LAMEA Servo Motors Market by Type
- 6.1LAMEA AC Servo Motor Market by Country
- 6.2LAMEA DC Servo Motor Market by Country
Chapter 7.LAMEA Servo Motors Market by Application
- 7.1LAMEA Robotics Market by Country
- 7.2LAMEA Machine Tools Market by Country
- 7.3LAMEA Printing & Packaging Technologies Market by Country
- 7.4LAMEA Electronic Devices Market by Country
- 7.5LAMEA Others Market by Country
Chapter 8.LAMEA Servo Motors Market by Country
- 8.1Brazil Servo Motors Market
- 8.1.1Brazil Servo Motors Market by System
- 8.1.2Brazil Servo Motors Market by Type
- 8.1.3Brazil Servo Motors Market by Application
- 8.2Argentina Servo Motors Market
- 8.2.1Argentina Servo Motors Market by System
- 8.2.2Argentina Servo Motors Market by Type
- 8.2.3Argentina Servo Motors Market by Application
- 8.3UAE Servo Motors Market
- 8.3.1UAE Servo Motors Market by System
- 8.3.2UAE Servo Motors Market by Type
- 8.3.3UAE Servo Motors Market by Application
- 8.4Saudi Arabia Servo Motors Market
- 8.4.1Saudi Arabia Servo Motors Market by System
- 8.4.2Saudi Arabia Servo Motors Market by Type
- 8.4.3Saudi Arabia Servo Motors Market by Application
- 8.5South Africa Servo Motors Market
- 8.5.1South Africa Servo Motors Market by System
- 8.5.2South Africa Servo Motors Market by Type
- 8.5.3South Africa Servo Motors Market by Application
- 8.6Nigeria Servo Motors Market
- 8.6.1Nigeria Servo Motors Market by System
- 8.6.2Nigeria Servo Motors Market by Type
- 8.6.3Nigeria Servo Motors Market by Application
- 8.7Rest of LAMEA Servo Motors Market
- 8.7.1Rest of LAMEA Servo Motors Market by System
- 8.7.2Rest of LAMEA Servo Motors Market by Type
- 8.7.3Rest 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:
LIST OF TABLES
- TABLE 1LAMEA Servo Motors Market, 2019 - 2022, USD Million
- TABLE 2LAMEA Servo Motors Market, 2023 - 2030, USD Million
- TABLE 3Partnerships, Collaborations and Agreements- Servo Motors Market
- TABLE 4Product Launches And Product Expansions- Servo Motors Market
- TABLE 5Acquisition and Mergers- Servo Motors Market
- TABLE 6LAMEA Servo Motors Market by System, 2019 - 2022, USD Million
- TABLE 7LAMEA Servo Motors Market by System, 2023 - 2030, USD Million
- TABLE 8LAMEA Rotary Market by Country, 2019 - 2022, USD Million
- TABLE 9LAMEA Rotary Market by Country, 2023 - 2030, USD Million
- TABLE 10LAMEA Linear Market by Country, 2019 - 2022, USD Million
- TABLE 11LAMEA Linear Market by Country, 2023 - 2030, USD Million
- TABLE 12LAMEA Servo Motors Market by Type, 2019 - 2022, USD Million
- TABLE 13LAMEA Servo Motors Market by Type, 2023 - 2030, USD Million
- TABLE 14LAMEA AC Servo Motor Market by Country, 2019 - 2022, USD Million
- TABLE 15LAMEA AC Servo Motor Market by Country, 2023 - 2030, USD Million
- TABLE 16LAMEA DC Servo Motor Market by Country, 2019 - 2022, USD Million
- TABLE 17LAMEA DC Servo Motor Market by Country, 2023 - 2030, USD Million
- TABLE 18LAMEA Servo Motors Market by Application, 2019 - 2022, USD Million
- TABLE 19LAMEA Servo Motors Market by Application, 2023 - 2030, USD Million
- TABLE 20LAMEA Robotics Market by Country, 2019 - 2022, USD Million
- TABLE 21LAMEA Robotics Market by Country, 2023 - 2030, USD Million
- TABLE 22LAMEA Machine Tools Market by Country, 2019 - 2022, USD Million
- TABLE 23LAMEA Machine Tools Market by Country, 2023 - 2030, USD Million
- TABLE 24LAMEA Printing & Packaging Technologies Market by Country, 2019 - 2022, USD Million
- TABLE 25LAMEA Printing & Packaging Technologies Market by Country, 2023 - 2030, USD Million
- TABLE 26LAMEA Electronic Devices Market by Country, 2019 - 2022, USD Million
- TABLE 27LAMEA Electronic Devices Market by Country, 2023 - 2030, USD Million
- TABLE 28LAMEA Others Market by Country, 2019 - 2022, USD Million
- TABLE 29LAMEA Others Market by Country, 2023 - 2030, USD Million
- TABLE 30LAMEA Servo Motors Market by Country, 2019 - 2022, USD Million
- TABLE 31LAMEA Servo Motors Market by Country, 2023 - 2030, USD Million
- TABLE 32Brazil Servo Motors Market, 2019 - 2022, USD Million
- TABLE 33Brazil Servo Motors Market, 2023 - 2030, USD Million
- TABLE 34Brazil Servo Motors Market by System, 2019 - 2022, USD Million
- TABLE 35Brazil Servo Motors Market by System, 2023 - 2030, USD Million
- TABLE 36Brazil Servo Motors Market by Type, 2019 - 2022, USD Million
- TABLE 37Brazil Servo Motors Market by Type, 2023 - 2030, USD Million
- TABLE 38Brazil Servo Motors Market by Application, 2019 - 2022, USD Million
- TABLE 39Brazil Servo Motors Market by Application, 2023 - 2030, USD Million
- TABLE 40Argentina Servo Motors Market, 2019 - 2022, USD Million
- TABLE 41Argentina Servo Motors Market, 2023 - 2030, USD Million
- TABLE 42Argentina Servo Motors Market by System, 2019 - 2022, USD Million
- TABLE 43Argentina Servo Motors Market by System, 2023 - 2030, USD Million
- TABLE 44Argentina Servo Motors Market by Type, 2019 - 2022, USD Million
- TABLE 45Argentina Servo Motors Market by Type, 2023 - 2030, USD Million
- TABLE 46Argentina Servo Motors Market by Application, 2019 - 2022, USD Million
- TABLE 47Argentina Servo Motors Market by Application, 2023 - 2030, USD Million
- TABLE 48UAE Servo Motors Market, 2019 - 2022, USD Million
- TABLE 49UAE Servo Motors Market, 2023 - 2030, USD Million
- TABLE 50UAE Servo Motors Market by System, 2019 - 2022, USD Million
- TABLE 51UAE Servo Motors Market by System, 2023 - 2030, USD Million
- TABLE 52UAE Servo Motors Market by Type, 2019 - 2022, USD Million
- TABLE 53UAE Servo Motors Market by Type, 2023 - 2030, USD Million
- TABLE 54UAE Servo Motors Market by Application, 2019 - 2022, USD Million
- TABLE 55UAE Servo Motors Market by Application, 2023 - 2030, USD Million
- TABLE 56Saudi Arabia Servo Motors Market, 2019 - 2022, USD Million
- TABLE 57Saudi Arabia Servo Motors Market, 2023 - 2030, USD Million
- TABLE 58Saudi Arabia Servo Motors Market by System, 2019 - 2022, USD Million
- TABLE 59Saudi Arabia Servo Motors Market by System, 2023 - 2030, USD Million
- TABLE 60Saudi Arabia Servo Motors Market by Type, 2019 - 2022, USD Million
- TABLE 61Saudi Arabia Servo Motors Market by Type, 2023 - 2030, USD Million
- TABLE 62Saudi Arabia Servo Motors Market by Application, 2019 - 2022, USD Million
- TABLE 63Saudi Arabia Servo Motors Market by Application, 2023 - 2030, USD Million
- TABLE 64South Africa Servo Motors Market, 2019 - 2022, USD Million
- TABLE 65South Africa Servo Motors Market, 2023 - 2030, USD Million
- TABLE 66South Africa Servo Motors Market by System, 2019 - 2022, USD Million
- TABLE 67South Africa Servo Motors Market by System, 2023 - 2030, USD Million
- TABLE 68South Africa Servo Motors Market by Type, 2019 - 2022, USD Million
- TABLE 69South Africa Servo Motors Market by Type, 2023 - 2030, USD Million
- TABLE 70South Africa Servo Motors Market by Application, 2019 - 2022, USD Million
- TABLE 71South Africa Servo Motors Market by Application, 2023 - 2030, USD Million
- TABLE 72Nigeria Servo Motors Market, 2019 - 2022, USD Million
- TABLE 73Nigeria Servo Motors Market, 2023 - 2030, USD Million
- TABLE 74Nigeria Servo Motors Market by System, 2019 - 2022, USD Million
- TABLE 75Nigeria Servo Motors Market by System, 2023 - 2030, USD Million
- TABLE 76Nigeria Servo Motors Market by Type, 2019 - 2022, USD Million
- TABLE 77Nigeria Servo Motors Market by Type, 2023 - 2030, USD Million
- TABLE 78Nigeria Servo Motors Market by Application, 2019 - 2022, USD Million
- TABLE 79Nigeria Servo Motors Market by Application, 2023 - 2030, USD Million
- TABLE 80Rest of LAMEA Servo Motors Market, 2019 - 2022, USD Million
- TABLE 81Rest of LAMEA Servo Motors Market, 2023 - 2030, USD Million
- TABLE 82Rest of LAMEA Servo Motors Market by System, 2019 - 2022, USD Million
- TABLE 83Rest of LAMEA Servo Motors Market by System, 2023 - 2030, USD Million
- TABLE 84Rest of LAMEA Servo Motors Market by Type, 2019 - 2022, USD Million
- TABLE 85Rest of LAMEA Servo Motors Market by Type, 2023 - 2030, USD Million
- TABLE 86Rest of LAMEA Servo Motors Market by Application, 2019 - 2022, USD Million
- TABLE 87Rest of LAMEA Servo Motors Market by Application, 2023 - 2030, USD Million
- TABLE 88Key Information - Siemens AG
- TABLE 89Key Information - ABB Group
- TABLE 90Key Information - Mitsubishi Electric Corporation
- TABLE 91Key Information - Schneider Electric SE
- TABLE 92Key Information - Yaskawa Electric Corporation
- TABLE 93key information - FANUC Corporation
- TABLE 94Key Information - Rockwell Automation, Inc.
- TABLE 95Key Information - Parker Hannifin Corporation
- TABLE 96Key Information - Bosch Rexroth AG
- TABLE 97Key Information - Regal Rexnord Corporation
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