Global Torque Motor Market with Impact of COVID-19 Highlights 2020-2024| High Operational Efficiency of Torque Motors to Boost Market Growth | Technavio

Technavio has been monitoring the global torque motor market size and it is poised to grow by USD 255.59 million during 2020-2024, progressing at a CAGR of 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

• What was the size of the torque motor market in 2019?
  A. As per Technavio, the global market size was USD 476.80 million in 2019 and is poised to reach USD 732.39 million by 2024.
• Based on segmentation by type, which is the leading segment in the market?
  A. AC torque motors.
• What is the key factor driving the market?
  A. The high operational efficiency of torque motors will drive the growth of the market.
• At what rate is the market projected to grow?
  A. Growing at a CAGR of almost 9%, the market growth will accelerate during the forecast period of 2019-2023.
• Who are the top players in the market?
  A. ETEL SA, Franz Kessler GmbH, Hiwin Technologies Corp., Kollmorgen Corp., Lafert Spa, Moog Inc., Parker Hannifin Corp., Siemens AG, Tecnotion BV, and ZOLLERN GmbH & Co. KG. are some of the major market participants.
• Which region is expected to hold the highest market share?
  A. APAC region

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ETEL SA, Franz Kessler GmbH, Hiwin Technologies Corp., Kollmorgen Corp., Lafert Spa, Moog Inc., Parker Hannifin Corp., Siemens AG, Tecnotion BV, and ZOLLERN GmbH & Co. KG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The high operational efficiency of torque motors has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Torque Motor Market 2020-2024: Segmentation

Torque Motor Market is segmented as below:

• Type
  • AC Torque Motors
  • DC Torque Motors
• Geographic Landscape
  • APAC
  • North America
  • Europe
  • MEA
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41273

Torque Motor Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The torque motor market report covers the following areas:

• Torque Motor Market Size
• Torque Motor Market Trends
• Torque Motor Market Industry Analysis

This study identifies rising industrial automation and the use of robots as one of the prime reasons driving the torque motor market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Torque Motor Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist torque motor market growth during the next five years
• Estimation of the torque motor market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the torque motor market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of torque motor market, vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• DC torque motors - Market size and forecast 2019-2024
• AC torque motors - Market size and forecast 2019-2024
• Market opportunity by Type

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

• Volume driver - Demand led growth

Market Challenges

Market Trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ETEL SA
• Franz Kessler GmbH
• Hiwin Technologies Corp.
• Kollmorgen Corp.
• Lafert Spa
• Moog Inc.
• Parker Hannifin Corp.
• Siemens AG
• Tecnotion BV
• ZOLLERN GmbH & Co. KG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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