Research Report with COVID-19 Forecasts - Torque Motor Market 2020-2024 | High Operational Efficiency of Torque Motors to Boost Growth | Technavio

Technavio has been monitoring the torque motor market and it is poised to grow by USD 255.59 million during 2020-2024, progressing at a CAGR of almost 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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Technavio has announced its latest market research report titled Global Torque Motor Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

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. The high operational efficiency of torque motors will offer immense growth opportunities. 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.

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

Torque Motor Market 2020-2024: Segmentation

Torque Motor Market is segmented as below:

• Type
  • AC Torque Motors
  • DC Torque Motors
• Geography
  • 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. Our 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 use of robots as one of the prime reasons driving the torque motor market growth during the next few years.

Torque Motor Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the torque motor market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the torque motor market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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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

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

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 focus 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200522005329/en/