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2022
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Market Size Analysis and Investment Direction Research of China's Servo Motor Industry
From a global demand perspective, with the advancement of servo system technology and the penetration of downstream application markets, the global demand for servo motors has been increasing year by year.
From a global demand perspective, with the advancement of servo system technology and the penetration of downstream application markets, the global demand for servo motors has been increasing year by year. According to statistics, since 2015, due to the rise of industrial robots in downstream industries, it has become a new driving force for the growth of global servo motor demand. In 2020, the annual global demand for servo motors was approximately 38.73 million units, a year-on-year increase of 3.20%, and the average annual compound growth rate was 5.01%, maintaining a steady growth trend.
Global Servo Motor Industry Demand and Growth Rate (2010-2020)
Data Source: Compiled from Publicly Available Information
The truly widespread application of servo products in China has only been for over a decade, and it is still in the growth stage. Due to the advantages of servo motor systems in terms of precision, torque frequency, and overload capacity, they have a wider range of applications than stepper motor systems. They have been widely used in machine tools, textile machinery, printing machinery, and packaging machinery. Simultaneously, with the rapid expansion of industries such as industrial robots and electronic manufacturing equipment in recent years, the application scale of servo motors in emerging industries has grown rapidly, and the overall market size has considerable growth potential. According to statistics, in 2020, the market size of servo motors in China was 14.9 billion yuan, an increase of 4.93% year-on-year, and the average annual compound growth rate was 13.15%, indicating a period of rapid growth.
Market Size and Growth Rate of China's Servo Motor Industry (2011-2020)
Data Source: Compiled from Publicly Available Information
The downstream Applications of servo drive systems are extensive. Machine tools, 3C electronic equipment manufacturing, packaging machinery, textile machinery, plastic machinery, medical equipment, food machinery, rubber machinery, and printing machinery account for a large proportion of the applications. According to statistics, in 2019, the largest application area for servo motors in China was machine tools (especially CNC machine tools), accounting for 20.4%. This was followed by electronic manufacturing equipment, packaging machinery, textile machinery, plastic machinery, and industrial robots, with proportions of 16.5%, 12.6%, 12.1%, 9.6%, and 6.20%, respectively. The following section will focus on analyzing the demand for servo motors in the machine tool industry, electronic specialized equipment industry, textile machinery, and industrial robots industries.
Application Structure of China's Servo Motor Industry Market in 2019
Data Source: Compiled from Publicly Available Information
Huajing Industry Research Institute has conducted an in-depth analysis of the current situation, industry upstream and downstream industry chain, competitive landscape, and key enterprises in China's servo motor industry. This aims to minimize the investment risks and operating costs of enterprises and improve their competitiveness. Using a variety of data analysis techniques, the Institute predicts industry development trends, enabling enterprises to seize market opportunities in a timely manner. For more detailed information, please refer to the "2022-2027 China Servo Motor Industry Market Overview and Investment Direction Research Report" published by Huajing Industry Research Institute.
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Servo,Motor
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