Servo Motors and Drives Market Size

Global Servo Motors and Drives Market size was valued at USD 13.19 Billion in 2023 and is poised to grow from USD 13.91 Billion in 2024 to USD 21.35 Billion by 2032, at a CAGR of 5.5% during the forecast period (2025-2032).

Servo motors and drive manufacturers should focus on launching new products to expand their product portfolio and application scope. Launching new motors with advanced features and better efficiency can help servo motors and drives companies stand out across the global servo motors and drives market forecast. Targeting countries with high demand for automation is slated to boost revenue generation for servo motors and drives providers in the long run. 'ABB Ltd.', 'Siemens AG', 'Schneider Electric SE', 'Yaskawa Electric Corporation', 'Rockwell Automation, Inc.', 'Mitsubishi Electric Corporation', 'Delta Electronics, Inc.', 'Emerson Electric Co.', 'Parker Hannifin Corporation', 'Kollmorgen Corporation', 'Oriental Motor Co. Ltd.', 'Moog Inc.', 'Fuji Electric Co. Ltd.', 'Lenze SE', 'BonfiglioliRiduttori S.p.A.'

Rapidly increasing use of automation in multiple manufacturing industries is projected to bolster the demand for servo motors and drives over the coming years. Servo motors and drives, known for their precision and control, are pivotal in robotic arms, CNC machines, and assembly lines thereby supporting the global servo motors and drives market outlook as well.

Rise of Industry 4.0: The world is witnessing a robust increase in the adoption of the Industry 4.0 trend. Surging demand for advanced communication protocols, IoT capabilities, and real-time data analytics in factories operating on Industry 4.0 standards are expected to boost the sales of servo motors and drives in the long run.

Asia-Pacific is slated to emerge as the largest servo motors and drives industry in the world. Rapid industrialization and the growing adoption of automation in industries are slated to be key factors promoting the sales of servo motors and drives in this region. The presence of leading motor manufacturers, high robotic component manufacturing activity, and surging adoption of robots in different industry verticals also cements the dominance of this region going forward. Japan, China, India, and South Korea are estimated to emerge as the most opportune markets for servo motors and drives suppliers operating in the Asia Pacific.