Europe Servo Motors and Drives Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The Europe servo motors and drives market size is expected to reach US$ 3,576.23 million by 2031 from US$ 2,472.61 million in 2024. The market is estimated to record a CAGR of 5.4% from 2024 to 2031.

Executive Summary and Europe Servo Motors and Drives Market Analysis:

Germany, France, the UK, and Italy are among the key countries contributing to the growth of the Europe servo motors and drives market. Significant initiatives and support from the government toward the adoption of automation technologies, robots, CNC machines, conveyor systems, and others increase the demand for servo motors and drives. For instance, according to the European Commission (EU) published data of November 2024, the EU is planning to invest US$ 186.55 million (180 million) in robots, artificial intelligence, new materials, and digital technologies. This supports industries, SMEs, and large enterprises to adopt cutting-edge technologies for automating their manufacturing processes and production lines. Furthermore, growing investment in smart manufacturing solutions increases the demand for servo motors and drives. For instance, the EU made a US$ 20.74 million (20 million) investment in six selected manufacturing projects, which are expected to accelerate the implementation of smart technologies, such as robots and artificial intelligence (AI) in industries in the future. Manufacturing, automotive, transportation, electronics, aerospace, and other industries are highly adopting robots to automate their operations, which increases the demand for servo motors and drives. These motors are used to ensure high precision and quality control in robotic arms, conveyors, and assembly lines. The increased requirement for precision in manufacturing while enhancing product quality encourages industries to integrate technologically advanced and next-generation servo motors and drives into their automation systems. Advanced servo motors and drives contribute to energy efficiency by assuring the precise operation of motors and drives in automation systems.

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Europe Servo Motors and Drives Market: Strategic Insights

Europe Servo Motors and Drives Market Segmentation Analysis:

Key segments that contributed to the derivation of the Europe servo motors and drives market analysis are component, product type, brake technology, and industry.

• Based on component, the Europe servo motors and drives market is segmented into controller modules, electronic amplifiers, sensors, encoders, and other. The controller modules segment held the largest share of the market in 2024.

• By product type, the Europe servo motors and drives market is bifurcated into servo motor and servo drive. The servo motor segment held a larger share of the market in 2024.

• Based on brake technology, the Europe servo motors and drives market is segmented into permanent magnet, spring, and others. The permanent magnet segment held the largest share of the market in 2024.

• Based on industry, the Europe servo motors and drives market is segmented into automotive and transportation, semiconductor and consumer electronics, food processing industry, textile industry, and others. The automotive and transportation segment held the largest share of the market in 2024.

Europe Servo Motors and Drives Market Players Density: Understanding Its Impact on Business Dynamics

The Europe Servo Motors and Drives Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Europe Servo Motors and Drives Market Outlook

Artificial intelligence technology is revolutionizing servo motors and drives by enhancing their capabilities. AI can optimize the performance of servo motors in real time, allowing them to adapt to changing conditions and self-correct, if necessary. This can significantly reduce wear and tear, extending the motor's lifespan while maintaining operational efficiency. Moreover, market players are deploying machine learning algorithms to examine servo motor data and identify maintenance requirements before a breakdown occurs. This supports industries to increase operational efficiencies by reducing operational downtime. AI-powered servo motors and drives enable real-time monitoring and predictive maintenance. This supports industries to operate at peak efficiency with minimal downtime. AI-based servo systems can automatically adjust parameters such as speed, torque, and position based on real-time feedback, resulting in optimized performance in dynamic environments. The AI-powered servo systems have been engineered to optimize manufacturing output with superior motion performance, high precision, efficiency control, and leveraging cutting-edge technology. The predictive capability of AI and ML technology is impacting significantly on servo motors to operate in the future. Thus, the shift toward more intelligent, high-performance servo technologies is expected to create lucrative opportunities in the global servo motors and drives market during the forecast period.

Europe Servo Motors and Drives Market Country Insights

Based on country, the Europe servo motors and drives market comprises Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany held the largest share in 2024.

Germany is the hub of automotive production and one of the leading vehicle producers in the world. According to the German Association of the Automotive Industry and Verband der Automobilindustrie e.V. (VDA), in January 2025 in November 2024, 155,700 electric vehicles (EVs) were manufactured in Germany, a 29% increase from November 2023. In a single month, more BEVs were produced in Germany, totaling 120,500 units. In addition, 35,200 PHEVs were manufactured. In total, ~1.3 million EVs were built in Germany during the months starting from January to November of 2024, implying a new production record for EVs, which propels the demand for servo motors and drives in the country. Electric power steering systems in EVs use servo motors to provide steering assistance. The servo motor detects the driver's input and changes the steering effort accordingly, resulting in precise and responsive steering. Thus, a strong inclination toward more sustainable and energy-efficient solutions and increased consumer adoption of EVs fuel the servo motors and drive market growth in Germany.

Europe Servo Motors and Drives Market Company Profiles

Some of the key players operating in the market include ABB Ltd, Delta Electronics Inc, Fanuc Corp, Mitsubishi Electric Corp, Fuji Electric Co Ltd, Nidec Corp, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Europe Servo Motors and Drives Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report:

Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.

• Industry trade journals and other relevant publications.

• Government documents, statistical databases, and market reports.

• News articles, press releases, and webcasts specific to companies operating in the market.

Note:

All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.

• Enhance the expertise and market understanding of the analysis team.

• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers

• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise