Vibration Motors Market To Make Great Impact In Near Future

The global vibration motors market is likely to grow at a double-digit CAGR and reach nearly US$ 10 Bn in revenues by the end of forecast period 2017-2026. According to the report, demand for vibration motors is increasing on account of its wide-ranging applications in various end-use industries. The report offers market forecast and analysis on the global vibration motors market, giving users comprehensive insights and analysis on the key factors that are likely to fuel the growth of the market during the assessment period.

In a bid to give users, detailed insights and analysis on the global vibration motors market, the report has segmented the market on the basis of region, product type, application, motor type, and voltage rating.

On the basis of region, the report offers market forecast and analysis in North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East & Africa (MEA). According to the report, APEJ remains one of the leading markets for vibration motors globally, and is likely to offer numerous growth opportunities to players during the forecast period. The market in Middle East & Africa (MEA) is likely to witness a robust CAGR, albeit it will grow from a small base. The market in North America is likely to offer a host of opportunities to global players, with US remaining at the forefront of demand.

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Global Vibration Motor Market Segments

By Product Type :
Eccentric Rotating Mass
Brushed Coin
Brushless Coin
PCB Mounted
Linear Resonant Actuators
Encapsulated

By Application :
Consumer Electronics
Industrial Handheld Tools or Equipment
Medical Applications
Others

By Motor Type :
AC Motor
DC Motor

By Voltage Rating :
Less than 1.5 V
1.5 V - 2 V
Above 2 V

By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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Competitive Landscape: Top Companies in Vibration Motor Market

The global vibration motor market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced vibration motor.

Fact.MR has provided detailed information about price points of top manufacturers of vibration motor positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report

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The report also offers detailed segmentation on the basis of motor type, with DC motors likely to account for a high percentage of sales during the forecast period. On the other hand, sales of AC motors are likely to grow at a high CAGR during the forecast period.

On the basis of voltage rating, the market has been segmented into 'less than 1.5 V, 1.5 V to 2 V, and above 2 V. Among these, demand for 2 V is likely to remain significant during the forecast period, and account for a high revenue share. According to the report, the 2 V segment is likely to surpass US$ 4.5 Bn in revenues by the end of 2026.

Key players profiled in the report include Denso, Mitsuba, Asmo, Nidec Corporation, Yaskawa, Mabuchi, LG Innotek, Shanbo Motor, Fimec Motor, and Sinano.

Source - https://www.factmr.com/report/318/vibration-motors-market

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This release was published on openPR.