Automotive Torque Actuator Motors Market Analysis APAC,North America,Europe,South America,Middle East and Africa - US,China,Japan,Germany,UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 150 SKU: IRTNTR75515

Automotive Torque Actuator Motors Market Forecast 2023-2027

The Global  Automotive Torque Actuator Motors Market size is estimated to grow by USD 3,372.46 million between 2022 and 2027. The market size is forecast to increase at a CAGR of 6.62%. The growth of the market depends on several factors, including the increased popularity and adoption of EVs, the high spending by consumers on advanced features of vehicles, and the innovation in automotive actuator technologies. The US holds the largest market share for the market. In 2021, the market in US was valued at USD 1,972.89 million.

Atiactuators is a prominent company in the market. The company offers products such as ATI Gas motor actuator control package that utilizes high-pressure poppet valve technology to provide reliable, maintenance-free control of gas motor actuators. Besides analyzing the current market scenario, our report examines historical data from 2017 to 2021.

What will be the Size of the Automotive Torque Actuator Motors Market During the Forecast Period?

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Market Segmentation by Application, Vehicle Type, Geography

This market report extensively covers market segmentation by application (ETC, turbocharger, and EGR), vehicle type (passenger vehicles and commercial vehicles), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

Market Application Analysis 

The market share growth by the ETC segment will be significant during the forecast period. The ETC segment was valued at USD 3,366.62 million in 2017 and continued to grow until 2019. Electronic Throttle Control (ETC) is a system used in modern vehicles to regulate the throttle opening and control the torque output of the engine. Torque actuators play a crucial role in the functioning of various automotive systems, such as the powertrain, braking system, steering system, and active suspension system. The use of torque actuators in ETC systems provides numerous benefits, including improved drivability, enhanced fuel efficiency, and the ability to integrate with advanced vehicle systems. 

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The growing demand for automotive actuators can be attributed to the increasing adoption of electric vehicles, the rise of autonomous driving, the focus on enhanced vehicle performance and efficiency, the emphasis on safety and stability, and advancements in actuator technology. Therefore, with the growing adoption of EVs, the global market is expected to witness high growth during the forecast period.

Market Vehicle Type Analysis 

Based on vehicle type, passenger vehicle holds the largest market share. The passenger vehicles segment was valued at USD 6,076.78 million in 2021. The electric vehicle (EV) market's rapid growth has spurred the need for torque actuators, which are essential for precise torque control in electric powertrains. As passenger EV adoption increases, the demand for torque actuators in this sector rises as well. They are vital for implementing various advanced driver assistance systems like adaptive cruise control, lane-keeping assist, automated parking, and collision avoidance. Torque actuators play a significant role in enhancing power delivery, torque distribution, acceleration, handling, and overall driving experience, positively impacting the global automotive torque market's growth.

Market Region Analysis

APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In modern automotive systems, especially in vehicles equipped with advanced features such as electric power steering, stability control, and hybrid or electric drivetrains, torque actuators play a vital role. These actuators are crucial in controlling and adjusting torque distribution, leading to improved vehicle performance, safety, and efficiency. With the increasing demand for electric and hybrid vehicles in the Asia-Pacific (APAC) region, the adoption of the products is expected to rise. EVs require sophisticated torque control systems to manage power distribution, optimize energy consumption, and enhance traction.

As APAC countries promote clean and sustainable transportation solutions, the demand in the region is likely to grow. Additionally, the integration of advanced driver assistance systems (ADAS) and autonomous driving technologies in vehicles will further drive the demand in APAC, fueling the growth of the regional market in the forecast period.

Market Dynamics

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Drivers

Increased popularity and adoption of EVs is a primary factor driving the market growth. The surge in electric vehicle (EV) popularity is a key factor driving the demand for the motors. EVs rely on electric motors for propulsion, and the product motors play a vital role in controlling and delivering torque to the wheels. As the demand for EVs continues to rise, so does the need for actuator motors. These motors are responsible for regulating the torque output of EVs, ensuring efficient and precise control over torque distribution in the powertrain. Consequently, the increasing demand for and sales of EVs will have a positive impact on the global market during the forecast period.

Significant Trends

Autonomous Driving and Advanced Driver Assistance Systems (ADAS) gaining traction is a major trend shaping the market growth. Torque actuator motors are essential components for the advancement of autonomous driving technologies and Advanced Driver Assistance Systems (ADAS). They play a critical role in steering assist systems, lane-keeping assist, and adaptive cruise control, providing the necessary torque and control for automated driving functionalities. The growing integration of autonomous and ADAS features in vehicles is driving the demand for motors. These motors are crucial for controlling steering and braking in autonomous driving systems, allowing precise management of vehicle movements. With the increasing popularity of autonomous and electric vehicles, the demand is expected to surge, positively impacting the global market during the forecast period.

Major Challenges

High costs associated with torque actuators are a major challenge hindering market growth. The global market faces a significant challenge concerning cost. Electric vehicle components tend to be costly due to factors like specialized manufacturing processes, materials, and limited economies of scale. Achieving a balance between lowering the cost of the actuators while ensuring performance and reliability is crucial for widespread adoption. The increasing adoption of automation in the automotive industry has made high-precision actuator motors indispensable. To meet these demands, torque actuator manufacturers must invest more in research and development to drive innovation in their products and remain competitive in the market. However, this increased investment in R&D may lead to higher manufacturing costs for actuator vendors, potentially impacting the growth of the global market during the forecast period.

Key Automotive Torque Actuator Motors Market Companies

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

Curtisswright- The company offers automotive torque actuator motors such as GTX Series.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

Automation Technology Inc., Bray International Inc., Crane Holdings Co., CTS Corp., Curtiss Wright Corp., ElectroCraft Inc., Emerson Electric Co., Flowserve Corp., Hiwin Technologies Corp., Honeywell International Inc., Johnson Electric Holdings Ltd., Moog Inc., NSK Ltd., Pentair Plc, Rockwell Automation Inc., SMC Corp., SONCEBOZ SA, Tolomatic Inc., Val Matic Valve and Manufacturing Corp., and Woodward Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The Market is undergoing a profound transformation, propelled by the widespread integration of Automotive direct current (DC) motors within vehicle turbochargers. This integration not only enhances airflow dynamics but also optimizes speed, thereby contributing to improved fuel efficiency across a wide range of automotive applications. Moreover, the adoption of direct drive systems, powered by automotive DC motors, has revolutionized engine performance, particularly in conjunction with advanced Exhaust gas circulation (EGR) systems and Exhaust gas recirculation (EGR).

With a significant increase in vehicle production, particularly in developing countries, there has been a corresponding surge in the demand for battery electric vehicles. This surge has created a pressing need for torque actuator motors that can efficiently manage power distribution within these vehicles. Key industry players like Continental AG and Rheinmetall are at the forefront of innovation, offering cutting-edge solutions tailored to meet the demands of various vehicle segments, including passenger cars, light commercial vehicles, and heavy-duty trucks.

The market landscape is further shaped by emerging trends such as turbocharger downsizing and the integration of exhaust heat recovery systems, both of which are aimed at enhancing overall vehicle performance while simultaneously addressing concerns related to climate change and emissions reduction. Additionally, initiatives such as government incentives and policies, including the Clean Vehicle Rebate Project (CVRP) and clean car discounts, are driving the adoption of fuel-efficient and environmentally friendly vehicles.

Innovations in motor technology, including advancements in brushless DC motors and the development of rotary and linear turbo actuators, are paving the way for enhanced product performance and efficiency. These advancements are crucial for meeting the evolving needs of modern automotive applications, including front-wheel drive, all-wheel drive, and 4WD vehicles, and ensuring optimal performance across diverse driving conditions and terrains.

Market Scope

Report Coverage

Details

Page number

150

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.62%

Market growth 2023-2027

USD 3,372.46 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.3

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 34%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Automation Technology Inc., Bray International Inc., Crane Holdings Co., CTS Corp., Curtiss Wright Corp., ElectroCraft Inc., Emerson Electric Co., Flowserve Corp., Hiwin Technologies Corp., Honeywell International Inc., Johnson Electric Holdings Ltd., Moog Inc., NSK Ltd., Pentair Plc, Rockwell Automation Inc., SMC Corp., SONCEBOZ SA, Tolomatic Inc., Val Matic Valve and Manufacturing Corp., and Woodward Inc.

Market dynamics

Parent market analysis, Market forecasting, market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automotive torque actuator motors market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global automotive torque actuator motors market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Vehicle Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Vehicle Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 ETC - Market size and forecast 2022-2027
      • Exhibit 34: Chart on ETC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on ETC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on ETC - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on ETC - Year-over-year growth 2022-2027 (%)
    • 6.4 Turbocharger - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Turbocharger - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Turbocharger - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Turbocharger - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Turbocharger - Year-over-year growth 2022-2027 (%)
    • 6.5 EGR - Market size and forecast 2022-2027
      • Exhibit 42: Chart on EGR - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on EGR - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on EGR - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on EGR - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)
      • Exhibit 47: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Vehicle Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Vehicle Type - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Vehicle Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Vehicle Type
      • Exhibit 50: Chart on Comparison by Vehicle Type
      • Exhibit 51: Data Table on Comparison by Vehicle Type
    • 7.3 Passenger vehicles - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Passenger vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Passenger vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Passenger vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Passenger vehicles - Year-over-year growth 2022-2027 (%)
    • 7.4 Commercial vehicles - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Vehicle Type
      • Exhibit 60: Market opportunity by Vehicle Type ($ million)
      • Exhibit 61: Data Table on Market opportunity by Vehicle Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Automation Technology Inc.
              • Exhibit 115: Automation Technology Inc. - Overview
              • Exhibit 116: Automation Technology Inc. - Product / Service
              • Exhibit 117: Automation Technology Inc. - Key offerings
            • 12.4 Bray International Inc.
              • Exhibit 118: Bray International Inc. - Overview
              • Exhibit 119: Bray International Inc. - Product / Service
              • Exhibit 120: Bray International Inc. - Key offerings
            • 12.5 CTS Corp.
              • Exhibit 121: CTS Corp. - Overview
              • Exhibit 122: CTS Corp. - Product / Service
              • Exhibit 123: CTS Corp. - Key offerings
            • 12.6 Curtiss Wright Corp.
              • Exhibit 124: Curtiss Wright Corp. - Overview
              • Exhibit 125: Curtiss Wright Corp. - Business segments
              • Exhibit 126: Curtiss Wright Corp. - Key offerings
              • Exhibit 127: Curtiss Wright Corp. - Segment focus
            • 12.7 ElectroCraft Inc.
              • Exhibit 128: ElectroCraft Inc. - Overview
              • Exhibit 129: ElectroCraft Inc. - Product / Service
              • Exhibit 130: ElectroCraft Inc. - Key offerings
            • 12.8 Emerson Electric Co.
              • Exhibit 131: Emerson Electric Co. - Overview
              • Exhibit 132: Emerson Electric Co. - Business segments
              • Exhibit 133: Emerson Electric Co. - Key news
              • Exhibit 134: Emerson Electric Co. - Key offerings
              • Exhibit 135: Emerson Electric Co. - Segment focus
            • 12.9 Flowserve Corp.
              • Exhibit 136: Flowserve Corp. - Overview
              • Exhibit 137: Flowserve Corp. - Business segments
              • Exhibit 138: Flowserve Corp. - Key news
              • Exhibit 139: Flowserve Corp. - Key offerings
              • Exhibit 140: Flowserve Corp. - Segment focus
            • 12.10 Hiwin Technologies Corp.
              • Exhibit 141: Hiwin Technologies Corp. - Overview
              • Exhibit 142: Hiwin Technologies Corp. - Product / Service
              • Exhibit 143: Hiwin Technologies Corp. - Key offerings
            • 12.11 Johnson Electric Holdings Ltd.
              • Exhibit 144: Johnson Electric Holdings Ltd. - Overview
              • Exhibit 145: Johnson Electric Holdings Ltd. - Business segments
              • Exhibit 146: Johnson Electric Holdings Ltd. - Key offerings
              • Exhibit 147: Johnson Electric Holdings Ltd. - Segment focus
            • 12.12 Moog Inc.
              • Exhibit 148: Moog Inc. - Overview
              • Exhibit 149: Moog Inc. - Business segments
              • Exhibit 150: Moog Inc. - Key offerings
              • Exhibit 151: Moog Inc. - Segment focus
            • 12.13 NSK Ltd.
              • Exhibit 152: NSK Ltd. - Overview
              • Exhibit 153: NSK Ltd. - Product / Service
              • Exhibit 154: NSK Ltd. - Key offerings
            • 12.14 SMC Corp.
              • Exhibit 155: SMC Corp. - Overview
              • Exhibit 156: SMC Corp. - Product / Service
              • Exhibit 157: SMC Corp. - Key offerings
            • 12.15 SONCEBOZ SA
              • Exhibit 158: SONCEBOZ SA - Overview
              • Exhibit 159: SONCEBOZ SA - Product / Service
              • Exhibit 160: SONCEBOZ SA - Key offerings
            • 12.16 Tolomatic Inc.
              • Exhibit 161: Tolomatic Inc. - Overview
              • Exhibit 162: Tolomatic Inc. - Product / Service
              • Exhibit 163: Tolomatic Inc. - Key offerings
            • 12.17 Val Matic Valve and Manufacturing Corp.
              • Exhibit 164: Val Matic Valve and Manufacturing Corp. - Overview
              • Exhibit 165: Val Matic Valve and Manufacturing Corp. - Product / Service
              • Exhibit 166: Val Matic Valve and Manufacturing Corp. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 167: Inclusions checklist
                • Exhibit 168: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 169: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 170: Research methodology
                • Exhibit 171: Validation techniques employed for market sizing
                • Exhibit 172: Information sources
              • 13.5 List of abbreviations
                • Exhibit 173: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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