Global Servo Motor And Drives Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Servo Motors and Servo Drives.

By Voltage Range;

Low Voltage , Medium Voltage, and High Voltage.

By End-Use;

Automotive & Transportation Industry, Textile Industry, Petrochemicals Industry, Packaging Industry, Printing & Paper Industry, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn973211399 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Servo Motor And Drives Market (USD Million), 2021 - 2031

In the year 2024, the Global Servo Motor And Drives Market was valued at USD 16,664.70 million. The size of this market is expected to increase to USD 25,057.54 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6%.

The global servo motor and drives market is an integral part of the broader automation and control systems landscape, playing a crucial role in enhancing the efficiency and precision of various industrial processes. Servo motors and drives are essential components in motion control systems, providing accurate control of position, velocity, and torque. These systems are widely used across numerous applications, including robotics, conveyor belts, CNC machinery, and more, making them indispensable in modern manufacturing and production environments.

With the advent of Industry 4.0 and the increasing emphasis on smart manufacturing, the demand for advanced servo motor and drive systems has surged. These technologies enable the implementation of automated and intelligent production processes, improving productivity, reducing operational costs, and ensuring high-quality output. The integration of Internet of Things (IoT) technologies with servo systems further enhances their capabilities, allowing real-time monitoring, predictive maintenance, and seamless communication between machines, which are critical for the efficiency and reliability of industrial operations.

The market is also driven by the growing need for energy-efficient solutions. As industries worldwide strive to reduce their carbon footprint and comply with stringent environmental regulations, the adoption of energy-efficient servo motors and drives has become a priority. These systems not only help in reducing energy consumption but also contribute to sustainable manufacturing practices. The continuous advancements in technology, coupled with the increasing focus on automation and energy efficiency, are expected to drive the growth of the global servo motor and drives market in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Voltage Range
    3. Market Snapshot, By End-Use
    4. Market Snapshot, By Region
  4. Global Servo Motor And Drives Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing automation demand
        2. Rising manufacturing efficiency
        3. Technological advancements surge
        4. Energy efficiency concerns
        5. Growing automotive industry
      2. Restraints
        1. High initial costs
        2. Limited skilled workforce
        3. Complex installation process
        4. Fluctuating raw material prices
        5. Economic slowdown impact
      3. Opportunities
        1. Emerging IoT integration
        2. Expansion in developing regions
        3. Renewable energy projects
        4. Advancements in robotics
        5. Customization for industries
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Servo Motor And Drives Market, By Type, 2021 - 2031 (USD Million)
      1. Servo Motors
      2. Servo Drives
    2. Global Servo Motor And Drives Market, By Voltage Range, 2021 - 2031 (USD Million)
      1. Low Voltage
      2. Medium Voltage
      3. High Voltage.
    3. Global Servo Motor And Drives Market, By End-Use, 2021 - 2031 (USD Million)
      1. Automotive & Transportation Industry
      2. Textile Industry
      3. Petrochemicals Industry
      4. Packaging Industry
      5. Printing & Paper Industry
      6. Others.
    4. Global Servo Motor And Drives Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Siemens AG
      2. Mitsubishi Electric Corporation
      3. Schneider Electric SE
      4. Rockwell Automation, Inc.
      5. ABB Ltd.
      6. Yaskawa Electric Corporation
      7. FANUC Corporation
      8. Delta Electronics, Inc.
      9. Panasonic Corporation
      10. Bosch Rexroth AG
  7. Analyst Views
  8. Future Outlook of the Market