Market Overview:
The global hollow shaft encoder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The increasing demand for absolute hollow shaft encoders in textile machinery, elevator, machine tool, printing machinery and metallurgical industry is one of the key factors driving the growth of this market. Additionally, the growing demand for industrial automation across different industries is also propelling the growth of this market. However, high installation and maintenance costs are restraining the growth of this market to some extent. On basis on type, incremental Hollow Shaft Encoder held larger share in 2017 and it will continue its dominance over next few years owing to its low cost as compared to absolute Hollow Shaft Encoder . On basis on application , textile machinery segment accounted highest revenue share in 2017 and it will maintain its dominant position by 2030 owing to increasing adoption rate across different countries .
Product Definition:
A hollow shaft encoder is a device that uses optical or magnetic technology to track the position of a rotating shaft. This information can be used to control machinery or other devices. The importance of Hollow Shaft Encoder is that it provides accurate and reliable positional information for devices that rely on it.
Incremental Hollow Shaft Encoder:
Incremental hollow shaft encoder is a device used to measure the speed of rotation of the drive or motor. It is also known as an incremental motion detector, incremental motion recorder, or just plain hollow shaft encoder. The basic function of this device is to convert rotary motion into digital form by using gears and then back again into a usable format when finished. These devices are most commonly used in industrial applications such as material handling equipment and automated guided vehicles (AGVs).
Absolute Hollow Shaft Encoder:
Absolute Hollow Shaft Encoder is a device used to measure the speed of rotation of an object using the principle of centrifugal force. It is mainly used in automotive applications such as measuring engine speeds and transmission speeds. Absolute Hollow Shaft Encoders are preferred over conventional hollow shafts due to their high accuracy, immunity from external influences, and low maintenance costs.
Application Insights:
The textile machinery segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for textile machines across the globe. Hollow shaft encoders are used with motor-driven equipment that requires a precise amount of travel or movement, such as Textronix Automation PLC's G4 automatic loom, which uses an HSE 7400 hollow shaft encoder.
Increasing demand from other application industries such as machine tools and printing machinery is expected to drive industry growth over the forecast period. The need for highly accurate positioning devices in these applications has resulted in increased adoption of HSEs by major players operating within these industries worldwide.
Regional Analysis:
Asia Pacific dominated the global industry in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for automation in industrial facilities, rising investments by governments for implementation of automated systems, and growing adoption of automation technology across various industries.
The Asia Pacific region comprises several emerging economies such as China, India, Indonesia, Malaysia Philippines Singapore Thailand Vietnam etc., which are also among the largest manufacturing hubs globally. These countries are witnessing strong economic growth owing to rapid development in their respective sectors such as automotive & transportation equipment; electrical & electronics; machinery & tools; food processing & packaging machinery etc., thereby driving product demand over the forecast period.
Europe accounted for a significant share of revenue generated by incremental hollow shaft encoders due to presence of major automobile manufacturers including Volkswagen Group (Audi), BMW Group (Mini Cooper), Daimler AG (Citroen) Fiat Chrysler Automobiles N.V.
Growth Factors:
- Increasing demand from the automotive industry for advanced safety features in vehicles
- Growing demand for encoders in medical devices and equipment
- Rising popularity of encoders in industrial automation applications
- Advances in technology that have led to the development of smaller and more accurate encoders
- The increasing use of Hollow Shaft Encoder by Original Equipment Manufacturers (OEMs)
Scope Of The Report
Report Attributes
Report Details
Report Title
Hollow Shaft Encoder Market Research Report
By Type
Incremental Hollow Shaft Encoder, Absolute Hollow Shaft Encoder
By Application
Textile Machinery, Elevator, Machine Tool, Printing Machinery, Metallurgical Industry, Other
By Companies
Dynapar, Baumer, Omron, Eltra, Kubler Group, BEI Sensors, SICK, Roundss Encoder, Wachendorff, HENGXIANG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Hollow Shaft Encoder Market Report Segments:
The global Hollow Shaft Encoder market is segmented on the basis of:
Types
Incremental Hollow Shaft Encoder, Absolute Hollow Shaft Encoder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Textile Machinery, Elevator, Machine Tool, Printing Machinery, Metallurgical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dynapar
- Baumer
- Omron
- Eltra
- Kubler Group
- BEI Sensors
- SICK
- Roundss Encoder
- Wachendorff
- HENGXIANG
Highlights of The Hollow Shaft Encoder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Incremental Hollow Shaft Encoder
- Absolute Hollow Shaft Encoder
- By Application:
- Textile Machinery
- Elevator
- Machine Tool
- Printing Machinery
- Metallurgical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hollow Shaft Encoder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Hollow Shaft Encoder is a type of encoder that uses a hollow shaft to transmit motion data. This type of encoder is often used in industrial applications, such as robotics and machine tools, because it offers high accuracy and low noise levels.
Some of the major companies in the hollow shaft encoder market are Dynapar, Baumer, Omron, Eltra, Kubler Group, BEI Sensors, SICK, Roundss Encoder, Wachendorff, HENGXIANG.
The hollow shaft encoder market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hollow Shaft Encoder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hollow Shaft Encoder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hollow Shaft Encoder Market - Supply Chain
4.5. Global Hollow Shaft Encoder Market Forecast
4.5.1. Hollow Shaft Encoder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hollow Shaft Encoder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hollow Shaft Encoder Market Absolute $ Opportunity
5. Global Hollow Shaft Encoder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hollow Shaft Encoder Market Size and Volume Forecast by Type
5.3.1. Incremental Hollow Shaft Encoder
5.3.2. Absolute Hollow Shaft Encoder
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hollow Shaft Encoder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hollow Shaft Encoder Market Size and Volume Forecast by Application
6.3.1. Textile Machinery
6.3.2. Elevator
6.3.3. Machine Tool
6.3.4. Printing Machinery
6.3.5. Metallurgical Industry
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hollow Shaft Encoder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hollow Shaft Encoder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hollow Shaft Encoder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hollow Shaft Encoder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hollow Shaft Encoder Demand Share Forecast, 2019-2026
9. North America Hollow Shaft Encoder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hollow Shaft Encoder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hollow Shaft Encoder Market Size and Volume Forecast by Application
9.4.1. Textile Machinery
9.4.2. Elevator
9.4.3. Machine Tool
9.4.4. Printing Machinery
9.4.5. Metallurgical Industry
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hollow Shaft Encoder Market Size and Volume Forecast by Type
9.7.1. Incremental Hollow Shaft Encoder
9.7.2. Absolute Hollow Shaft Encoder
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hollow Shaft Encoder Demand Share Forecast, 2019-2026
10. Latin America Hollow Shaft Encoder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hollow Shaft Encoder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hollow Shaft Encoder Market Size and Volume Forecast by Application
10.4.1. Textile Machinery
10.4.2. Elevator
10.4.3. Machine Tool
10.4.4. Printing Machinery
10.4.5. Metallurgical Industry
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hollow Shaft Encoder Market Size and Volume Forecast by Type
10.7.1. Incremental Hollow Shaft Encoder
10.7.2. Absolute Hollow Shaft Encoder
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hollow Shaft Encoder Demand Share Forecast, 2019-2026
11. Europe Hollow Shaft Encoder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hollow Shaft Encoder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hollow Shaft Encoder Market Size and Volume Forecast by Application
11.4.1. Textile Machinery
11.4.2. Elevator
11.4.3. Machine Tool
11.4.4. Printing Machinery
11.4.5. Metallurgical Industry
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hollow Shaft Encoder Market Size and Volume Forecast by Type
11.7.1. Incremental Hollow Shaft Encoder
1.7.2. Absolute Hollow Shaft Encoder
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hollow Shaft Encoder Demand Share, 2019-2026
12. Asia Pacific Hollow Shaft Encoder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hollow Shaft Encoder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hollow Shaft Encoder Market Size and Volume Forecast by Application
12.4.1. Textile Machinery
12.4.2. Elevator
12.4.3. Machine Tool
12.4.4. Printing Machinery
12.4.5. Metallurgical Industry
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hollow Shaft Encoder Market Size and Volume Forecast by Type
12.7.1. Incremental Hollow Shaft Encoder
12.7.2. Absolute Hollow Shaft Encoder
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hollow Shaft Encoder Demand Share, 2019-2026
13. Middle East & Africa Hollow Shaft Encoder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hollow Shaft Encoder Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hollow Shaft Encoder Market Size and Volume Forecast by Application
13.4.1. Textile Machinery
13.4.2. Elevator
13.4.3. Machine Tool
13.4.4. Printing Machinery
13.4.5. Metallurgical Industry
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hollow Shaft Encoder Market Size and Volume Forecast by Type
13.7.1. Incremental Hollow Shaft Encoder
13.7.2. Absolute Hollow Shaft Encoder
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hollow Shaft Encoder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hollow Shaft Encoder Market: Market Share Analysis
14.2. Hollow Shaft Encoder Distributors and Customers
14.3. Hollow Shaft Encoder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dynapar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Baumer
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Omron
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eltra
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kubler Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BEI Sensors
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SICK
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Roundss Encoder
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wachendorff
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. HENGXIANG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
