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Consumer Electronics Electric Motor Market Share

Report ID: GMI5554
Published Date: Mar 2024
Report Format: PDF

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Consumer Electronics Electric Motor Market Share

Global Company Market Share Analysis, 2023, (%)

What are the growth opportunities in this market?

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In 2023, dominant market players including Nidec Corporation, Johnson Electric Holdings Ltd., Mabuchi Motor Co. Ltd., Siemens AG, Mitsumi Electric Co. Ltd. collectively held a substantial 20% - 25% market share. As the market is highly fragmented, these industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansion, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their products and incorporate new technologies, allowing them to stay ahead of the competition.

Consumer Electronics Electric Motor Market Companies

Major players operating in the consumer electronics electric motor industry are:

Nidec Corporation
Johnson Electric Holdings Ltd.
Mabuchi Motor Co. Ltd.
Siemens AG
Mitsumi Electric Co. Ltd.
Maxon Motor AG
Ametek, Inc.
Allied Motion Technologies Inc.
Industrial Equipment Systems Co. Ltd.
FAULHABER Group
Toshiba
Emerson Electric Co.
Regal Rexnord Corporation
Rockwell Automation Inc.
Franklin Electrics
TECO Westinghouse

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The Consumer Electronics Electric Motor Market was valued at USD 14 billion in 2023 and is estimated to register a CAGR of over 5.4% between 2024 & 2032, driven by an increase in the consumption of energy efficient appliances and technological advancements like development of brushless DC motors.

DC motor segment accounted for USD 6.3 billion in 2023 and is poised to grow rapidly till 2032, as they are easy to operate even in variety of voltage ratings and can easily fit in small spaces.

Asia Pacific Consumer Electronics Electric Motor Market generated USD 4.4 billion in 2023 and will gain prominence over 2024 and 2032, attributed to the population boom and rise in disposable income.

Nidec Corporation, Johnson Electric Holdings Ltd., Mabuchi Motor Co. Ltd., Siemens AG, Mitsumi Electric Co. Ltd., Maxon Motor AG , Ametek, Inc., Allied Motion Technologies Inc., Industrial Equipment Systems Co. Ltd., FAULHABER Group are some of the major industry contenders.