Motors for Robot Body and Robot Wheels Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0207757
  • Format: Electronic (PDF)
  • Number of Pages: 179
  • Author(s): Joshi, Madhavi

Report Overview

The Motors for Robot Body and Robot Wheels Market size was estimated at USD 2.5 billion in 2023 and is projected to reach USD 4.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.50% during the forecast period (2024-2030).

Motors for Robot Body and Robot Wheels Market

(Market Size)
$2.5 billion
$4.8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.50%
2023 Market Size USD 2.5 billion
2030 Market Size USD 4.8 billion
Key Players Maxon Motor, Nidec, FAULHABER, Anaheim Automation, Kollmorgen

Market Summary

The Motors for Robot Body and Robot Wheels Market is a specialized and rapidly evolving segment within the broader robotics and automation industry, catering primarily to the Manufacturing and Construction sectors. This market focuses on the development, production, and distribution of various motor types that provide the essential locomotion and articulation for robotic systems. These motors are critical components that determine the efficiency, precision, and payload capacity of robots used in applications ranging from assembly line automation and material handling to autonomous guided vehicles and robotic limbs for construction tasks. The increasing integration of Industry 4.0 principles and the relentless push towards automation to enhance productivity and operational safety are fundamental forces propelling demand. Manufacturers in this space are continuously innovating to produce motors that offer higher torque, greater energy efficiency, and improved durability to withstand harsh industrial environments. The market is characterized by a blend of established motion control specialists and agile technology firms developing next-generation solutions. Key purchasing factors for end-users include performance specifications, reliability, total cost of ownership, and compatibility with existing robotic platforms and control systems.

Key Highlights

A primary highlight of this market is the significant technological advancement in motor design, particularly the shift towards brushless DC (BLDC) motors and sophisticated servo motors. These technologies offer superior control, higher efficiency, and longer operational lifespans compared to traditional brushed motors, making them the preferred choice for precision applications. Another key highlight is the growing demand for compact and lightweight high-torque motors, which is driven by the need for more agile and energy-efficient mobile robots and robotic appendages. The integration of smart features, such as embedded sensors and connectivity for predictive maintenance and real-time performance monitoring, is also a major trend, aligning with the Industrial Internet of Things (IIoT) ecosystem. Furthermore, the market is witnessing increased collaboration between motor manufacturers and robotics OEMs to develop customized solutions tailored for specific applications, such as exoskeletons for construction workers or heavy-duty wheels for logistics robots. The competitive landscape is intense, with companies like Nidec Corporation, Maxon Group, and FAULHABER Group actively expanding their product portfolios and global reach to capture market share.

Drivers, Opportunities & Restraints

The market is primarily driven by the accelerating adoption of automation and robotics across the manufacturing and construction industries to overcome challenges related to labor shortages, enhance workplace safety, and improve production consistency and output. The push for smart factories and connected construction sites under the Industry 4.0 framework creates a sustained demand for advanced robotic systems and their core components like motors. A significant opportunity lies in the development of collaborative robots (cobots), which require safe, responsive, and precise motors to work alongside human operators. The expansion of autonomous mobile robots (AMRs) in warehouse and factory logistics presents another substantial growth avenue. However, the market faces notable restraints, including the high initial cost of advanced motor systems and the complex integration process with existing machinery. Technical challenges related to heat dissipation in high-power applications and the need for robust protection against environmental contaminants like dust and moisture in construction settings also pose hurdles. Economic volatility and disruptions in the global supply chain for raw materials like rare-earth magnets can further impact production schedules and costs.

Concentration Insights

The market for motors for robot bodies and wheels demonstrates a concentrated competitive landscape in terms of technological innovation and market share, though it is supported by a diverse global supply chain. From a geographic perspective, the Asia-Pacific region, led by technological powerhouses like Japan and South Korea and manufacturing hubs like China, represents a highly concentrated center for both production and consumption. This concentration is attributed to the strong presence of leading robotics manufacturers and a vast electronics manufacturing base. In terms of industry players, the market is dominated by a mix of large multinational conglomerates with broad motion control portfolios and specialized niche manufacturers focused on high-precision micro-motors. Companies such as Yaskawa Electric Corporation,?? (Panasonic), and ABB Ltd. hold significant influence due to their extensive resources for research and development and their established global sales and distribution networks. This concentration among key players creates a high barrier to entry for new participants, who must compete on innovation, customization, or cost-effectiveness to gain a foothold.

Type Insights

The market is segmented by motor type, with servo motors and brushless DC (BLDC) motors representing the most prominent categories due to their performance characteristics. Servo motors are renowned for their exceptional precision, high torque-to-inertia ratio, and accurate control of angular position, making them indispensable for articulated robot arms and joints where precise movement is critical. BLDC motors are highly favored for applications requiring high efficiency, reliability, and longevity, such as in the wheels of mobile robots and drones; their lack of brushes reduces maintenance needs and allows for operation at high speeds. Stepper motors also hold a share of the market, often chosen for applications requiring good holding torque and precise incremental motion without the need for a feedback sensor, though they are generally less efficient than BLDC options. Additionally, there is a growing niche for linear motors in certain high-speed, high-precision robotic applications where rotary-to-linear motion conversion is undesirable. The selection of motor type is a critical design decision, directly impacting the robot's performance, energy consumption, and total cost.

Application Insights

Application insights reveal a diverse range of uses for these motors across the Manufacturing and Construction sectors. In manufacturing, the largest application is in industrial robotic arms used for tasks such as welding, painting, assembly, pick-and-place, and packaging. These applications demand motors that provide smooth, precise, and repeatable movements. Another critical application is in Autonomous Mobile Robots (AMRs) and Automated Guided Vehicles (AGVs), which rely on efficient wheel motors for navigation and transport within factories and warehouses. In the construction industry, the application spectrum is broadening. Motors are integral to robotic equipment for automated bricklaying, rebar tying, and 3D printing of structures. Furthermore, there is growing use in wearable robotic exoskeletons designed to augment human strength and reduce fatigue for workers performing heavy lifting or operating tools overhead. The specific requirements for torque, speed, environmental sealing, and durability vary significantly between a delicate assembly robot in a cleanroom and a rugged robot operating on a dusty construction site, driving the need for specialized motor solutions.

Regional Insights

Regionally, the Asia-Pacific market is the largest and most dynamic, driven by massive manufacturing bases in China, South Korea, and Japan, which are global leaders in industrial robotics production and adoption. Government initiatives promoting automation and strong investments in smart infrastructure further fuel growth in this region. North America represents a significant and technologically advanced market, characterized by high adoption rates in automotive, electronics, and logistics industries, with a strong focus on innovation and collaborative robotics. The United States is a major hub for robotics research and development. Europe holds a substantial market share, with Germany, Italy, and France being key contributors due to their robust automotive and advanced manufacturing sectors that are early adopters of automation technologies. Stringent regulations promoting worker safety in Europe also drive the adoption of robotic solutions in construction and manufacturing. Other regions, including Latin America and the Middle East & Africa, are emerging markets where adoption is gradually increasing, fueled by industrialization and infrastructure development projects.

Company Insights

The competitive landscape features a blend of established industrial giants and specialized technology firms. Leading companies include Yaskawa Electric Corporation, a Japanese multinational known for its extensive range of robotics and servo systems. Nidec Corporation is another global powerhouse with a broad portfolio of motors for various applications. The Swiss-based Maxon Group is recognized for its high-precision drives and systems, often used in demanding robotic applications. FAULHABER Group specializes in miniature and micro drives renowned for their high power density and reliability. Other notable players include ABB Ltd., which provides robotic solutions and complementary motor technologies, and?? (Panasonic), a key supplier of motors and automation components. These companies compete on factors such as technological innovation, product performance and reliability, energy efficiency, global service and support networks, and the ability to provide customized solutions. Strategic activities often focus on mergers and acquisitions, expanding product lines, and forging partnerships with robotics OEMs to secure long-term supply agreements.

Recent Developments

The market has been active with recent developments focused on technological enhancement and strategic expansion. A prominent trend is the introduction of new motor series with integrated drive electronics and feedback systems, reducing the overall system footprint and simplifying integration for robotics manufacturers. Companies are also launching motors with higher power densities, allowing for more compact designs without sacrificing performance. There has been a noticeable push towards developing motors that are more resilient in harsh environments, featuring enhanced protection ratings against dust and water ingress for construction and outdoor applications. Collaborations and partnerships between motor manufacturers and AI software companies are increasing to develop smarter, more adaptive motion solutions. Furthermore, leading players are investing in expanding their production capacities, particularly in the Asia-Pacific region, to meet the growing local demand and optimize their supply chains. Sustainability is also becoming a focus, with efforts aimed at improving energy efficiency and developing motors using more recyclable materials.

Report Segmentation

This comprehensive market report on Motors for Robot Body and Robot Wheels provides a detailed analysis segmented across several key dimensions to offer a granular view of the industry. The segmentation by type categorizes the market into crucial motor technologies, including Servo Motors, Brushless DC Motors, Stepper Motors, and Others, analyzing the adoption trends and demand drivers for each. The application segmentation delves into the various end-use functions, such as Industrial Robotic Arms, Robot Wheels for Mobile Robots, Robotic Exoskeletons, and Other specialized applications, highlighting the unique requirements and growth prospects for each segment. Furthermore, the report provides a thorough regional analysis, breaking down the market into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Each regional analysis assesses the local market dynamics, key contributing countries, regulatory influences, and major end-user industries driving demand. This multi-faceted segmentation allows stakeholders to identify specific growth pockets, understand competitive dynamics, and make informed strategic decisions.

FAQs

What are the main types of motors used in robotics?

The main types of motors used in robotics include servo motors, which offer high precision for positioning; brushless DC (BLDC) motors, known for their efficiency and longevity; and stepper motors, which provide precise control of movement without a feedback system. The choice depends on the required precision, torque, and application.

Which companies are the leading manufacturers of motors for robots?

Leading manufacturers in this space include established industrial automation companies such as Yaskawa Electric Corporation, Nidec Corporation, and ABB Ltd., as well as specialists in precision motors like Maxon Group and FAULHABER Group.

What is the difference between a motor for a robot arm and a robot wheel?

Motors for robot arms, often high-precision servo motors, are designed for accurate angular movement and holding torque. Motors for robot wheels, typically BLDC motors, are optimized for continuous rotation, high efficiency, and speed control to propel mobile robots.

How is the demand for robotic motors changing?

Demand is increasingly shifting towards more compact, energy-efficient, and intelligent motors. There is growing need for motors with integrated electronics and connectivity for IIoT applications, as well as for motors capable of operating in challenging environments.

What industries use the most motors for robotics?

The manufacturing industry is the largest consumer, using motors in automated assembly lines and material handling. The construction industry is a rapidly growing adopter, using them in robotic machinery and exoskeletons. The logistics and warehouse sector also heavily uses them for autonomous mobile robots.

What are the key trends in robotic motor technology?

Key trends include the development of motors with higher power density, the integration of smart sensors for condition monitoring, a focus on improving energy efficiency, and the design of robust motors with higher ingress protection ratings for use in harsh industrial and outdoor environments.

Citius Research has developed a research report titled “Motors for Robot Body and Robot Wheels Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Motors for Robot Body and Robot Wheels Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Motors for Robot Body and Robot Wheels Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Motors for Robot Body and Robot Wheels Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Motors for Robot Body and Robot Wheels Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Motors for Robot Body and Robot Wheels Market
• Research Methodology
• Executive Summary
• Market Dynamics of Motors for Robot Body and Robot Wheels Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Motors for Robot Body and Robot Wheels Market
• Cost and Gross Margin Analysis of Motors for Robot Body and Robot Wheels Market
• Motors for Robot Body and Robot Wheels Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Motors for Robot Body and Robot Wheels Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Motors for Robot Body and Robot Wheels Market Key Stakeholders

Below are the key stakeholders for the Motors for Robot Body and Robot Wheels Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Motors for Robot Body and Robot Wheels Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Motors for Robot Body and Robot Wheels Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Motors for Robot Body and Robot Wheels Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Motors for Robot Body and Robot Wheels Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

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Frequently Asked Questions

The Global Motors for Robot Body and Robot Wheels Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Motors for Robot Body and Robot Wheels Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Motors for Robot Body and Robot Wheels Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Motors for Robot Body and Robot Wheels Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Motors for Robot Body and Robot Wheels Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Motors for Robot Body and Robot Wheels Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Motors for Robot Body and Robot Wheels Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Motors for Robot Body and Robot Wheels Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Motors for Robot Body and Robot Wheels Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Motors for Robot Body and Robot Wheels Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Motors for Robot Body and Robot Wheels Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Motors for Robot Body and Robot Wheels Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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