The global mechanical absolute encoder market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market is driven by the increasing demand for high-precision and high-accuracy encoders in various industries such as elevator, NC machine tool, textile machinery and others.
The global mechanical absolute encoder market has been segmented on the basis of type into axial type and shaft type; on the basis of application into elevator, NC machine tool, textile machinery; and on the basis of region into North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
- The increasing demand for high-precision and high-speed encoders in the automotive industry is driving the growth of the mechanical absolute encoder market.
- The increasing demand for industrial automation equipment is also driving the growth of this market.
- The growing need to reduce power consumption in various industries is also a factor that will drive this market's growth over the forecast period.
- Increasing investments by governments and private players in research and development activities are expected to fuel this market's growth over the forecast period, as they will lead to innovations in products and technologies, which will be adopted by end users across various industries such as automotive, aerospace & defense, medical devices, etc, thereby boosting their production volumes and revenues from these products or services sold globally on a yearly basis.
- Increasing adoption of digital technologies across various industries such as automotive, aerospace & defense, medical devices etc, is expected to fuel this market's growth over the forecast period.
Industry Growth Insights published a new data on “Mechanical Absolute Encoders Market”. The research report is titled “Mechanical Absolute Encoders Market research by Types (Axial Type, Shaft Type), By Applications (Elevator, NC Machine Tool, Textile Machinery, Others), By Players/Companies HENGSTLER, Baumer Group, Pepperl+Fuchs, RENISHAW, Ifm Electronic, SIKO, ASM Sensor, BALLUFF”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mechanical Absolute Encoders Market Research Report
By Type
Axial Type, Shaft Type
By Application
Elevator, NC Machine Tool, Textile Machinery, Others
By Companies
HENGSTLER, Baumer Group, Pepperl+Fuchs, RENISHAW, Ifm Electronic, SIKO, ASM Sensor, BALLUFF
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Mechanical Absolute Encoders Market Report Segments:
The global Mechanical Absolute Encoders market is segmented on the basis of:
Types
Axial Type, Shaft Type
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
Elevator, NC Machine Tool, Textile Machinery, Others
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:
- HENGSTLER
- Baumer Group
- Pepperl+Fuchs
- RENISHAW
- Ifm Electronic
- SIKO
- ASM Sensor
- BALLUFF
Highlights of The Mechanical Absolute Encoders 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:
- Axial Type
- Shaft Type
- By Application:
- Elevator
- NC Machine Tool
- Textile Machinery
- Others
- 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 Mechanical Absolute Encoders 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Mechanical absolute encoders are a type of encoder that uses a physical mechanism to convert motion into an electrical signal. This signal is then used to control the movement of some component in the machine.
Some of the major players in the mechanical absolute encoders market are HENGSTLER, Baumer Group, Pepperl+Fuchs, RENISHAW, Ifm Electronic, SIKO, ASM Sensor, BALLUFF.
The mechanical absolute encoders market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mechanical Absolute Encoders 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. Mechanical Absolute Encoders Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mechanical Absolute Encoders Market - Supply Chain
4.5. Global Mechanical Absolute Encoders Market Forecast
4.5.1. Mechanical Absolute Encoders Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mechanical Absolute Encoders Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mechanical Absolute Encoders Market Absolute $ Opportunity
5. Global Mechanical Absolute Encoders 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. Mechanical Absolute Encoders Market Size and Volume Forecast by Type
5.3.1. Axial Type
5.3.2. Shaft Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mechanical Absolute Encoders 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. Mechanical Absolute Encoders Market Size and Volume Forecast by Application
6.3.1. Elevator
6.3.2. NC Machine Tool
6.3.3. Textile Machinery
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mechanical Absolute Encoders 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. Mechanical Absolute Encoders 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 Mechanical Absolute Encoders 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. Mechanical Absolute Encoders 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 Mechanical Absolute Encoders Demand Share Forecast, 2019-2026
9. North America Mechanical Absolute Encoders 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 Mechanical Absolute Encoders 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 Mechanical Absolute Encoders Market Size and Volume Forecast by Application
9.4.1. Elevator
9.4.2. NC Machine Tool
9.4.3. Textile Machinery
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mechanical Absolute Encoders Market Size and Volume Forecast by Type
9.7.1. Axial Type
9.7.2. Shaft Type
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 Mechanical Absolute Encoders Demand Share Forecast, 2019-2026
10. Latin America Mechanical Absolute Encoders 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 Mechanical Absolute Encoders 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 Mechanical Absolute Encoders Market Size and Volume Forecast by Application
10.4.1. Elevator
10.4.2. NC Machine Tool
10.4.3. Textile Machinery
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mechanical Absolute Encoders Market Size and Volume Forecast by Type
10.7.1. Axial Type
10.7.2. Shaft Type
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 Mechanical Absolute Encoders Demand Share Forecast, 2019-2026
11. Europe Mechanical Absolute Encoders 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 Mechanical Absolute Encoders 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 Mechanical Absolute Encoders Market Size and Volume Forecast by Application
11.4.1. Elevator
11.4.2. NC Machine Tool
11.4.3. Textile Machinery
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mechanical Absolute Encoders Market Size and Volume Forecast by Type
11.7.1. Axial Type
11.7.2. Shaft Type
11.8. asis 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 Mechanical Absolute Encoders Demand Share, 2019-2026
12. Asia Pacific Mechanical Absolute Encoders 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 Mechanical Absolute Encoders 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 Mechanical Absolute Encoders Market Size and Volume Forecast by Application
12.4.1. Elevator
12.4.2. NC Machine Tool
12.4.3. Textile Machinery
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mechanical Absolute Encoders Market Size and Volume Forecast by Type
12.7.1. Axial Type
12.7.2. Shaft Type
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 Mechanical Absolute Encoders Demand Share, 2019-2026
13. Middle East & Africa Mechanical Absolute Encoders 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 Mechanical Absolute Encoders 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 Mechanical Absolute Encoders Market Size and Volume Forecast by Application
13.4.1. Elevator
13.4.2. NC Machine Tool
13.4.3. Textile Machinery
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mechanical Absolute Encoders Market Size and Volume Forecast by Type
13.7.1. Axial Type
13.7.2. Shaft Type
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 Mechanical Absolute Encoders Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mechanical Absolute Encoders Market: Market Share Analysis
14.2. Mechanical Absolute Encoders Distributors and Customers
14.3. Mechanical Absolute Encoders Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HENGSTLER
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 Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pepperl+Fuchs
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. RENISHAW
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ifm Electronic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SIKO
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ASM Sensor
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BALLUFF
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
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
