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Press Release:

Global Stepper System Market to Grow at 4.6% During 2022-2027, Impelled by Growth in End Use Industries

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Stepper System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global stepper system market size reached US$ 3.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2027, exhibiting a growth rate (CAGR) of 4.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

The stepper system refers to an integrated solution consisting of high-performance micro-stepping drives with high-torque stepper motors in various mechanical devices. The system primarily consists of a stepper motor that acts as an electrochemical device that converts electrical power into mechanical power, along with single and dual-shaft motors, power supplies, interface cables and configuration software. It is commonly utilized for providing accurate control of position and velocity and is used for applications that require accurate positioning and speed control, such as in 3D printing equipment, textile machines, printing presses, medical imaging equipment and robotics.

Significant growth in the robotics industry across the globe is one of the key factors driving the growth of the market. Furthermore, the increasing utilization of automated equipment across industries is another factor providing a boost to the market growth. There is widespread adoption of stepper motors in industrial machines and robots as they can be easily deployed and offer superior performance. Also, the development of miniaturized motors has enhanced the product adoption across applications that require superior torque speed, precision and efficiency. Additionally, technological advancements, including the integration of input/output (I/O) terminals in stepper motors, which offer various operational advantages, such as cost-efficiency and ease of use in machinery with spatial constraints, are creating a positive outlook for the market. Other factors, including rapid industrialization and extensive research and development (R&D) activities, are projected to drive the market further. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global stepper system market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component type and end-use.

Breakup by Component Type:

  • Stepper Motors
  • Stepper Drives
     

Breakup by End-Use:

  • Industrial Machinery
  • Medical Devices
  • Semiconductor Machinery
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being ABB, Beckhoff Automation, MinebeaMitsumi, Nidec Corporation, Nippon Pulse Motor Co. Ltd., Oriental Motor Co. Ltd., Parker Hannifin, Sanyo Denki Co. Ltd., Schneider Electric SE, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component Type, End-Use, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB, Beckhoff Automation, MinebeaMitsumi, Nidec Corporation, Nippon Pulse Motor Co. Ltd., Oriental Motor Co. Ltd., Parker Hannifin, Sanyo Denki Co. Ltd. and Schneider Electric SE
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Stepper System Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component Type
    6.1    Stepper Motors
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Stepper Drives
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by End-Use
    7.1    Industrial Machinery
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Medical Devices
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Semiconductor Machinery
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis
    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Price Indicators
13  Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    ABB
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Beckhoff Automation
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
        13.3.3    MinebeaMitsumi
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
           13.3.3.4 SWOT Analysis
        13.3.4    Nidec Corporation
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
           13.3.4.4 SWOT Analysis
        13.3.5    Nippon Pulse Motor Co. Ltd.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Oriental Motor Co. Ltd.
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    Parker Hannifin
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
           13.3.7.4 SWOT Analysis
        13.3.8    Sanyo Denki Co. Ltd.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
        13.3.9    Schneider Electric SE
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials

List of Figures

Figure 1: Global: Stepper System Market: Major Drivers and Challenges
Figure 2: Global: Stepper System Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Stepper System Market: Breakup by Component Type (in %), 2021
Figure 4: Global: Stepper System Market: Breakup by End-Use (in %), 2021
Figure 5: Global: Stepper System Market: Breakup by Region (in %), 2021
Figure 6: Global: Stepper System Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Stepper System (Stepper Motors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Stepper System (Stepper Motors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Stepper System (Stepper Drives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Stepper System (Stepper Drives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Stepper System (Industrial Machinery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Stepper System (Industrial Machinery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Stepper System (Medical Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Stepper System (Medical Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Stepper System (Semiconductor Machinery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Stepper System (Semiconductor Machinery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Stepper System (Other End-Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Stepper System (Other End-Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: North America: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: North America: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: United States: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: United States: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Canada: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Canada: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Asia Pacific: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Asia Pacific: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: China: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: China: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Japan: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Japan: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: South Korea: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: South Korea: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Australia: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Australia: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Indonesia: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Indonesia: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Others: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Others: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Europe: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Europe: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Germany: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Germany: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: France: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: France: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: United Kingdom: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: United Kingdom: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Italy: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Italy: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Spain: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Spain: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Russia: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Russia: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Latin America: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Latin America: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Brazil: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Brazil: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Mexico: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Mexico: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Middle East and Africa: Stepper System Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Middle East and Africa: Stepper System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Global: Stepper System Industry: SWOT Analysis
Figure 68: Global: Stepper System Industry: Value Chain Analysis
Figure 69: Global: Stepper System Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Stepper System Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Stepper System Market Forecast: Breakup by Component Type (in Million US$), 2022-2027
Table 3: Global: Stepper System Market Forecast: Breakup by End-Use (in Million US$), 2022-2027
Table 4: Global: Stepper System Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Stepper System Market: Competitive Structure
Table 6: Global: Stepper System Market: Key Players


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Key Questions Answered in This Report

The global stepper system market was valued at US$ 3.0 Billion in 2021.

We expect the global stepper system market to exhibit a CAGR of 4.6% during 2022-2027.

The rising application of stepper motors in industrial machines and robots as they can be easily deployed and offer superior performance is primarily driving the global stepper system market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for stepper systems.

Based on the component type, the global stepper system market has been segregated into stepper motors and stepper drives. Currently, stepper motors hold the largest market share.

Based on the end use, the global stepper system market can be bifurcated into industrial machinery, medical devices, semiconductor machinery, and others. Among these, industrial machinery exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global stepper system market include ABB, Beckhoff Automation, MinebeaMitsumi, Nidec Corporation, Nippon Pulse Motor Co. Ltd., Oriental Motor Co. Ltd., Parker Hannifin, Sanyo Denki Co. Ltd., Schneider Electric SE, etc.

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