Servo Motor Market Summary

The global servo motor market size was estimated at USD 13.52 billion in 2024 and is projected to reach USD 20.13 billion by 2030, growing at a CAGR of 6.9% from 2025 to 2030. The growth of this market is primarily fueled by the rising adoption of process automation, the increasing focus of industries on implementing energy-efficient solutions, and the growing demand for high-performance motors across a wide range of manufacturing facilities. As industries strive to enhance productivity and precision while minimizing energy consumption, the adoption of servo motors has become more prominent worldwide.

Expanding applications across manufacturing, automotive, consumer electronics, aerospace, and other sectors are creating strong growth prospects for the market. Servo motors offer advanced features such as precision control, faster response times, and a higher torque-to-inertia ratio, which attract significant demand from end-use industries. Compared to stepper motors, servo motors ensure superior accuracy and performance, making them highly suitable for critical applications. Their speed capability, ranging from 0 to 6000 rpm, makes them adaptable for various functions. Moreover, their extensive use in advanced manufacturing assistance systems, including robotics, CNC machines, and automation processes, continues to accelerate their market penetration.

Key Market Trends & Insights

  • The Asia Pacific servo motor market dominated the global industry with a substantial revenue share of 47.8% in 2024, driven by the robust presence of electronics manufacturing, automotive production, and growing industrial automation initiatives.
  • The China servo motor market accounted for the largest revenue share of the Asia Pacific regional industry in 2024, supported by large-scale manufacturing facilities, rising automation adoption, and government programs that emphasize industrial modernization.
  • Based on motor type, the AC motor segment dominated the global market with a revenue share of 65.9% from 2025 to 2030, owing to its reliability, versatility, and widespread applications across different industries.
  • In terms of application, the motor vehicles segment dominated the global servo motor market in 2024, reflecting the increasing use of servo motors in vehicle manufacturing and automation processes.
  • On the basis of application, the industrial machinery segment is anticipated to witness the fastest growth, registering a CAGR of 8.1% from 2025 to 2030, as companies continue to invest in advanced machinery and automated solutions to boost operational efficiency.

Order a free sample PDF of the Servo Motor Market Intelligence Study, published by Grand View Research.

Market Size & Forecast

  • 2024 Market Size: USD 13.52 billion
  • 2030 Projected Market Size: USD 20.13 billion
  • CAGR (2025-2030): 6.9%
  • Asia Pacific: Largest market in 2024

Key Players

  • ABB
  • Allied Motion, Inc.
  • AMETEK
  • General Electric Company
  • NIDEC CORPORATION
  • Rockwell Automation Inc.
  • Schneider Electric
  • Siemens AG
  • WEG

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global servo motor market is expanding steadily as industries worldwide prioritize automation, energy efficiency, and precision engineering. With applications ranging from robotics to automotive production and industrial machinery, servo motors have become vital in enhancing productivity and accuracy. The dominance of the Asia Pacific region, particularly China, highlights the strong manufacturing base and demand for automation solutions. The rising preference for AC servo motors and the accelerating adoption across industrial machinery further reinforce the sector’s future potential. Moving forward, technological advancements and increasing investments in automation will continue to position servo motors as an essential component of modern industries.