Global Torque Motor Market 2024-2028

Global Torque Motor Market 2024-2028

Technavio has been monitoring the torque motor market and is forecast to grow by USD 309.1 mn during 2023-2028, accelerating at a CAGR of 8.02% during the forecast period. Our report on the torque motor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high operational efficiency of torque motors, rising demand for machine tools, and rising industrial automation and use of robots.

Technavio's torque motor market is segmented as below:

By Type

• DC torque motors
• AC torque motors

By End-user

• Robotics and semicon Industry
• Food and packaging industry
• Automotive
• Others

By Geographical Landscape

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

This study identifies the rising popularity of constant torque motor technology as one of the prime reasons driving the torque motor market growth during the next few years. Also, torque motors with integrated cooling systems and growing adoption of integrated digital solutions in machine tools will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the torque motor market covers the following areas:

• Torque motor market sizing
• Torque motor market forecast
• Torque motor market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading torque motor market vendors that include ATE Antriebstechnik and Entwicklungs GmbH and Co. KG, B. Kettere Sohne GmBH and Co. KG, Danaher Corp., ETEL SA, Fischer Elektromotoren GmbH, Franz Kessler GmbH, Hiwin Technologies Corp., Lafert Spa, Moog Inc., NUM AG, Oriental Motor Co. Ltd., Oswald Elektromotoren GmbH, Parker Hannifin Corp., Phase Motion Control Spa, Regal Rexnord Corp., Schaeffler AG, Siemens AG, Technai Team Spa, Tecnotion BV, and ZOLLERN GmbH and Co. KG. Also, the torque motor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.