Torque Motor Market by Type, End-user, and Geography - Forecast and Analysis - 2023-2027

Published: Feb 2023 Pages: 172 SKU: IRTNTR41273

The global torque motor market size is estimated to grow by USD 288.71 million between 2022 and 2027 accelerating at a CAGR of 8.01%.

Torque motors are used for various applications, such as robotics, packaging, as well as critical defense and machine tools, including drills, milling machines, and lathes, which require high operational efficiency. Factors such as easy Integration, dynamic performance, and wide torque-speed range help in achieving high operational efficiency in torque motors. These motors don't get damaged easily and it is clamped or glued directly on the driven part of the motor. Therefore, the torque motor is preferred by many which in turn is driving the market growth.

Furthermore, factors such as rising demand for machine tools, rising industrial automation, and the use of robots are also driving the growth of the market.

This report extensively covers market segmentation by type (DC torque motors and AC torque motors), end-user (robotics and semicon industry, food and packaging industry, automotive, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

What will be the size of the Torque Motor Market During the Forecast Period?

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Torque Motor Market: Key Drivers, Trends, Challenges, and Customer Landscape

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 Torque Motor Market Driver

The rising demand for machine tools is notably driving market growth. The common machine tools adopted by various end-users are machining centers, turning machines, drilling machines, boring machines, milling machines, grinding machines, gear cutting and finishing machines, sawing and cutting-off machines, and laser/ultrasonic/ion beam machines. These machine tools use torque motors to boost production while maintaining high levels of performance and accuracy. Depending on the industry, these motors are available in a range of sizes and diameters. Because more and more machine tools are being used in the manufacturing industry, there is a steady increase in demand for them on a global scale.

In addition, machine tools are also witnessing the adoption of artificial intelligence (AI) and machine learning techniques to gain insights into the patterns and relationships of the data collected from machines. The performance of machine tools equipped with algorithms and AI is much higher than that of conventional machine tools used in various applications. Therefore, such factors will support the market growth during the forecast period.

Significant Torque Motor Market Trend

Torque motors with integrated cooling systems are the key trend in the market. Vendors in the market are coming up with advanced technologies, such as integrated cooling systems to increase the performance substantially by two-fold. For instance, ETEL offers TMB+ torque motors with a coolant jacket option on all its low-cogging TMB+ motors. This motor is thermally efficient and offers an ideal solution for water tightness and cooling of the unit. In addition, the cooling jacket also has a precisely mounted metal enclosure, which helps to ensure water tightness and enhances motor performance when compared with the conventional mounting for open cooling.

The integrated cooling system supports various machine configurations and material choices, resulting in a significant cost reduction. They are also compatible with different types of windings, sensors, cables, and bridges in the products. In addition, the integrated cooling system makes the motor suitable for new applications and markets, such as the semiconductor and aerospace industries, where heat dissipation from torque motors can be detrimental in many critical applications. These factors will enhance the growth of the market during the forecast period.

Major Torque Motor Market Challenge

Volatility in raw material prices is the major challenge impeding the market. The production of torque motors involves the use of raw materials like steel, cast iron, and other alloys. Most of these raw materials are globally traded commodities, and their prices are prone to significant fluctuations. Instability in the prices of raw materials affects the cost of production of torque motors. Therefore, many key vendors opt to enter into long-term contracts with suppliers to reduce the impact of fluctuations in the prices of raw materials on their business.

However, small vendors do not have such contracts. This may have a negative impact on vendors in terms of reduced sales due to the higher price of torque motors. In addition, the vendors in the market cannot easily push the increased cost to the customers due to the highly competitive market, and hence, this also lowers their profit margins. Therefore, volatility in the prices of raw materials poses a significant challenge to the growth of the market during the forecast period.

Key Torque Motor Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Torque Motor Market Customer Landscape

Who are the Major Torque Motor Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Franz Kessler GmbH - The company operates under one segment. Under this segment, the company offers solutions for electric motors, spindles, directly driven swiveling spindle heads, and tool axes, as well as special-purpose customized solutions. The company offers torque motor which is designed for application in winches, crane drives, self-driven cranes, and excavators.

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

  • Parker Hannifin Corp.
  • Schaeffler AG
  • Siemens AG
  • Tecnotion BV
  • ZOLLERN GmbH and Co. KG
  • Hiwin Technologies Corp.
  • NUM AG
  • Oriental Motor Co. Ltd.
  • Oswald Elektromotoren GmbH
  • Phase Motion Control Spa
  • Regal Rexnord Corp.
  • Technai Team Spa
  • ATE Antriebstechnik and Entwicklungs GmbH and Co.KG
  • B. Kettere Sohne GmBH and Co. KG
  • Fischer Elektromotoren GmbH

Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Torque Motor Market?

The market share growth of the DC torque motors segment will be significant during the forecast period. DC torque motors are categorized into brushed DC torque motors (BDCM) and brushless DC torque motors (BLDCM). Brushed DC motors are one of the simplest types of motors, while brushless DC motors are more sophisticated motors. The increased complexity provides more efficiency and durability for brushless DC motors. Brushless DC torque motors are the dominating motor type in the market.

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The DC torque motors segment was valued at USD 215.65 million in 2017 and continued to grow until 2021. DC torque motors are used in office automation, industrial, medical, packaging, winding, and unwinding of plastics films, rolls, strips, and aluminum/copper/brass/steel wire strips, among others, and aerospace and defense applications. In defense applications, torque motors are used to minimize the input power to maximize efficiency in extreme environments. In addition, torque motors are also used for winding and unwinding applications for plastics films, rolls, strips, and aluminum/copper/brass/steel wire strips, among others. Hence, the growing use of DC brushed torque motors and DC brushless torque motors in different applications is expected to drive the growth of the market during the forecast period.

Which are the Key Regions for the Torque Motor Market?

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APAC is estimated to contribute 48% 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. The demand for machine tools that are integrated with torque motors in APAC is expected to continue to outpace the demand for the same in developed regions, such as North America and Europe, during the forecast period. This is attributed to the rising number of manufacturing facilities being established in APAC.

Another factor driving the demand for torque motors in APAC is the rise in industrial automation, which has led to the use of various industrial robots and automated machinery in manufacturing processes. The growth in industrial automation will be driven by countries such as China, Japan, India, Vietnam, South Korea, Malaysia, and Australia.

In 2020, the outbreak of COVID-19 disease led to a decline in the growth of several end-user industries in the region, including the automotive, F&B, and aerospace and defense industries. However, governments are focusing on increased spending to stimulate growth in the infrastructure sector and ensure an economic recovery from the negative impact of the pandemic. Due to these factors, the market in APAC is expected to witness growth during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • DC torque motors
    • AC torque motors
  • End-user Outlook (USD Million, 2017 - 2027)
    • Robotics and semicon Industry
    • Food and packaging industry
    • Automotive
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • APAC
      • China
      • India
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Torque Motor Market Scope

Report Coverage

Details

Page number

172

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.01%

Market growth 2023-2027

USD 288.71 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.95

Regional analysis

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

Performing market contribution

APAC at 48%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

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

Key companies profiled

Danaher Corp., ETEL SA, Lafert Spa, Moog Inc., Parker Hannifin Corp., Schaeffler AG, Siemens AG, Tecnotion BV, ZOLLERN GmbH and Co. KG, Hiwin Technologies Corp., NUM AG, Oriental Motor Co. Ltd., Oswald Elektromotoren GmbH, Phase Motion Control Spa, Regal Rexnord Corp., Technai Team Spa, ATE Antriebstechnik and Entwicklungs GmbH and Co.KG, B. Kettere Sohne GmBH and Co. KG, Fischer Elektromotoren GmbH, and Franz Kessler GmbH

Market dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Torque Motor Market Report?

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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 Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • 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 torque motor market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global torque motor market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user 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 Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 DC torque motors - Market size and forecast 2022-2027
      • Exhibit 34: Chart on DC torque motors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on DC torque motors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on DC torque motors - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on DC torque motors - Year-over-year growth 2022-2027 (%)
    • 6.4 AC torque motors - Market size and forecast 2022-2027
      • Exhibit 38: Chart on AC torque motors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on AC torque motors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on AC torque motors - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on AC torque motors - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Robotics and semicon Industry - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Robotics and semicon Industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Robotics and semicon Industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Robotics and semicon Industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Robotics and semicon Industry - Year-over-year growth 2022-2027 (%)
    • 7.4 Food and packaging industry - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Food and packaging industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Food and packaging industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Food and packaging industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Food and packaging industry - Year-over-year growth 2022-2027 (%)
    • 7.5 Automotive - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 64: Market opportunity by End-user ($ million)
      • Exhibit 65: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 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 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 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 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 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 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: 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 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Danaher Corp.
              • Exhibit 119: Danaher Corp. - Overview
              • Exhibit 120: Danaher Corp. - Business segments
              • Exhibit 121: Danaher Corp. - Key news
              • Exhibit 122: Danaher Corp. - Key offerings
              • Exhibit 123: Danaher Corp. - Segment focus
            • 12.4 ETEL SA
              • Exhibit 124: ETEL SA - Overview
              • Exhibit 125: ETEL SA - Product / Service
              • Exhibit 126: ETEL SA - Key offerings
            • 12.5 Fischer Elektromotoren GmbH
              • Exhibit 127: Fischer Elektromotoren GmbH - Overview
              • Exhibit 128: Fischer Elektromotoren GmbH - Product / Service
              • Exhibit 129: Fischer Elektromotoren GmbH - Key offerings
            • 12.6 Franz Kessler GmbH
              • Exhibit 130: Franz Kessler GmbH - Overview
              • Exhibit 131: Franz Kessler GmbH - Product / Service
              • Exhibit 132: Franz Kessler GmbH - Key offerings
            • 12.7 Hiwin Technologies Corp.
              • Exhibit 133: Hiwin Technologies Corp. - Overview
              • Exhibit 134: Hiwin Technologies Corp. - Business segments
              • Exhibit 135: Hiwin Technologies Corp. - Key offerings
              • Exhibit 136: Hiwin Technologies Corp. - Segment focus
            • 12.8 Lafert Spa
              • Exhibit 137: Lafert Spa - Overview
              • Exhibit 138: Lafert Spa - Product / Service
              • Exhibit 139: Lafert Spa - Key offerings
            • 12.9 Moog Inc.
              • Exhibit 140: Moog Inc. - Overview
              • Exhibit 141: Moog Inc. - Business segments
              • Exhibit 142: Moog Inc. - Key offerings
              • Exhibit 143: Moog Inc. - Segment focus
            • 12.10 Oriental Motor Co. Ltd.
              • Exhibit 144: Oriental Motor Co. Ltd. - Overview
              • Exhibit 145: Oriental Motor Co. Ltd. - Product / Service
              • Exhibit 146: Oriental Motor Co. Ltd. - Key offerings
            • 12.11 Oswald Elektromotoren GmbH
              • Exhibit 147: Oswald Elektromotoren GmbH - Overview
              • Exhibit 148: Oswald Elektromotoren GmbH - Product / Service
              • Exhibit 149: Oswald Elektromotoren GmbH - Key offerings
            • 12.12 Parker Hannifin Corp.
              • Exhibit 150: Parker Hannifin Corp. - Overview
              • Exhibit 151: Parker Hannifin Corp. - Business segments
              • Exhibit 152: Parker Hannifin Corp. - Key news
              • Exhibit 153: Parker Hannifin Corp. - Key offerings
              • Exhibit 154: Parker Hannifin Corp. - Segment focus
            • 12.13 Regal Rexnord Corp.
              • Exhibit 155: Regal Rexnord Corp. - Overview
              • Exhibit 156: Regal Rexnord Corp. - Business segments
              • Exhibit 157: Regal Rexnord Corp. - Key offerings
              • Exhibit 158: Regal Rexnord Corp. - Segment focus
            • 12.14 Schaeffler AG
              • Exhibit 159: Schaeffler AG - Overview
              • Exhibit 160: Schaeffler AG - Business segments
              • Exhibit 161: Schaeffler AG - Key offerings
              • Exhibit 162: Schaeffler AG - Segment focus
            • 12.15 Siemens AG
              • Exhibit 163: Siemens AG - Overview
              • Exhibit 164: Siemens AG - Business segments
              • Exhibit 165: Siemens AG - Key news
              • Exhibit 166: Siemens AG - Key offerings
              • Exhibit 167: Siemens AG - Segment focus
            • 12.16 Tecnotion BV
              • Exhibit 168: Tecnotion BV - Overview
              • Exhibit 169: Tecnotion BV - Product / Service
              • Exhibit 170: Tecnotion BV - Key offerings
            • 12.17 ZOLLERN GmbH and Co. KG
              • Exhibit 171: ZOLLERN GmbH and Co. KG - Overview
              • Exhibit 172: ZOLLERN GmbH and Co. KG - Product / Service
              • Exhibit 173: ZOLLERN GmbH and Co. KG - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 174: Inclusions checklist
                • Exhibit 175: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 176: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 177: Research methodology
                • Exhibit 178: Validation techniques employed for market sizing
                • Exhibit 179: Information sources
              • 13.5 List of abbreviations
                • Exhibit 180: 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

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              • 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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