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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).
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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
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:
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.
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.
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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.
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.
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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