Global Torque Motor Market 2020-2024

Global Torque Motor Market 2020-2024

  • April 2020 •
  • 120 pages •
  • Report ID: 5891146 •
  • Format: PDF
Global Torque Motor Market 2020-2024
The analyst has been monitoring the torque motor market and it is poised to grow by $ 255.59 million during 2020-2024 progressing at a CAGR of 9% during the forecast period. Our reports on 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the high operational efficiency of torque motors and rising industrial automation and use of robots. In addition, high operational efficiency of torque motors is anticipated to boost the growth of the market as well.
The torque motor market analysis includes type segment and geographic landscapes

The torque motor market is segmented as below:
By Type
• AC torque motors
• DC torque motors

By Geographic Landscapes
• APAC
• North America
• Europe
• MEA
• South America

This study identifies the rising demand for machine tools as one of the prime reasons driving the torque motor market growth during the next few years.
The analyst 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 torque motor market covers the following areas:
• Torque motor market sizing
• Torque motor market forecast
• Torque motor market industry analysis