Europe Encoder Market 2023-2033 by Encoder Type (Rotary, Linear), Signal Type (Absolute, Incremental), Technology (Optical, Magnetic, Photoelectric, Inductive), Application (Automotive, Electronics, Industrial, Healthcare), and Country: Trend Forecast and Growth Opportunity
Europe encoder market was valued at $ 727.2 million in 2023 and will grow by 8.1% annually over 2023-2033. The growth is driven by the increased need for high-level automation across various industries, the surging demand for automobile and consumer electronics, and technological advancements.
Highlighted with 33 tables and 50 figures, this 121-page report “Europe Encoder Market 2023-2033 by Encoder Type (Rotary, Linear), Signal Type (Absolute, Incremental), Technology (Optical, Magnetic, Photoelectric, Inductive), Application (Automotive, Electronics, Industrial, Healthcare), and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire Europe encoder market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe encoder market in every aspect of the classification from perspectives of Encoder Type, Signal Type, Technology, Application, and Country.
Based on Encoder Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Rotary Encoders
• Linear Encoders
Based on Signal Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Absolute Encoders
• Incremental Encoders
By Technology, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Optical Encoders
• Magnetic Encoders
• Photoelectric Encoders
• Inductive Encoders
• Other Technologies
By Application, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Automotive
• Consumer Electronics
• Textile
• Printing Machinery
• Industrial
• Healthcare
• Food & Beverage
• Power
• Aerospace
• Other Applications
Geographically, the following national/local markets are fully investigated:
• Germany
• UK
• France
• Spain
• Italy
• Russia
• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2033. The breakdown of national markets by Encoder Type, Technology, and Application over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Balluff Inc.
Baumer Group
Dynapar Corporation (Fortive Corporation)
Elap Srl
Faulhaber Group
Fraba B.V. (Posital Fraba Inc.)
Gurley Precision Instruments
Heidenhain GmbH
Hengstler GmbH
Honeywell International
IFM Electronic GmbH
Kubler Group
Maxon Motor AG
Mitutoyo Corporation
Omron Corporation
Panasonic Corporation
Pepperl+Fuchs International
Pilz GmbH & Co. KG
Renishaw PLC
Rockwell Automation Inc.
Schneider Electric
Sensata Technologies, Inc.
Sick AG
Siko GmbH
Tamagawa Seiki Co.
TE Connectivity
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 25
2.1.3 Impact of Russia-Ukraine Conflict 27
2.1.4 Impact of Israel-Palestine War 29
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42
3 Segmentation of Europe Market by Encoder Type 46
3.1 Market Overview by Encoder Type 46
3.2 Rotary Encoders 48
3.3 Linear Encoders 49
4 Segmentation of Europe Market by Signal Type 50
4.1 Market Overview by Signal Type 50
4.2 Absolute Encoders 52
4.3 Incremental Encoders 53
5 Segmentation of Europe Market by Technology 54
5.1 Market Overview by Technology 54
5.2 Optical Encoders 56
5.3 Magnetic Encoders 57
5.4 Photoelectric Encoders 58
5.5 Inductive Encoders 59
5.6 Other Technologies 60
6 Segmentation of Europe Market by Application 61
6.1 Market Overview by Application 61
6.2 Automotive 63
6.3 Consumer Electronics 64
6.4 Textile 65
6.5 Printing Machinery 66
6.6 Industrial 67
6.7 Healthcare 68
6.8 Food & Beverage 69
6.9 Power 70
6.10 Aerospace 71
6.11 Other Applications 72
7 European Market 2023-2033 by Country 73
7.1 Overview of European Market 73
7.2 Germany 76
7.3 U.K. 78
7.4 France 80
7.5 Spain 82
7.6 Italy 84
7.7 Russia 86
7.8 Rest of European Market 88
8 Competitive Landscape 90
8.1 Overview of Key Vendors 90
8.2 New Product Launch, Partnership, Investment, and M&A 93
8.3 Company Profiles 94
Balluff Inc. 94
Baumer Group 96
Dynapar Corporation (Fortive Corporation) 97
Elap Srl 98
Faulhaber Group 99
Fraba B.V. (Posital Fraba Inc.) 100
Gurley Precision Instruments 101
Heidenhain GmbH 102
Hengstler GmbH 103
Honeywell International 104
IFM Electronic GmbH 105
Kubler Group 106
Maxon Motor AG 107
Mitutoyo Corporation 108
Omron Corporation 109
Panasonic Corporation 110
Pepperl+Fuchs International 111
Pilz GmbH & Co. KG 112
Renishaw PLC 113
Rockwell Automation Inc. 114
Schneider Electric 115
Sensata Technologies, Inc. 116
Sick AG 117
Siko GmbH 118
Tamagawa Seiki Co. 119
TE Connectivity 120
RELATED REPORTS 121
List of Tables:
Table 1. Snapshot of Europe Encoder Market in Balanced Perspective, 2023-2033 17
Table 2. World Economic Outlook, 2024-2036 22
Table 3. World Economic Outlook, 2022-2024 24
Table 4. Scenarios for Economic Impact of Ukraine Crisis 28
Table 5. Scenarios for Economic Impact of Israel-Palestine War 29
Table 6. Main Product Trends and Market Opportunities in Europe Encoder Market 38
Table 7. Europe Encoder Market by Encoder Type, 2023-2033, $ mn 46
Table 8. Europe Encoder Market by Signal Type, 2023-2033, $ mn 50
Table 9. Europe Encoder Market by Technology, 2023-2033, $ mn 54
Table 10. Europe Encoder Market by Application, 2023-2033, $ mn 61
Table 11. Europe Encoder Market by Country, 2023-2033, $ mn 75
Table 12. Germany Encoder Market by Encoder Type, 2023-2033, $ mn 77
Table 13. Germany Encoder Market by Technology, 2023-2033, $ mn 77
Table 14. Germany Encoder Market by Application, 2023-2033, $ mn 77
Table 15. U.K. Encoder Market by Encoder Type, 2023-2033, $ mn 79
Table 16. U.K. Encoder Market by Technology, 2023-2033, $ mn 79
Table 17. U.K. Encoder Market by Application, 2023-2033, $ mn 79
Table 18. France Encoder Market by Encoder Type, 2023-2033, $ mn 81
Table 19. France Encoder Market by Technology, 2023-2033, $ mn 81
Table 20. France Encoder Market by Application, 2023-2033, $ mn 81
Table 21. Spain Encoder Market by Encoder Type, 2023-2033, $ mn 83
Table 22. Spain Encoder Market by Technology, 2023-2033, $ mn 83
Table 23. Spain Encoder Market by Application, 2023-2033, $ mn 83
Table 24. Italy Encoder Market by Encoder Type, 2023-2033, $ mn 85
Table 25. Italy Encoder Market by Technology, 2023-2033, $ mn 85
Table 26. Italy Encoder Market by Application, 2023-2033, $ mn 85
Table 27. Russia Encoder Market by Encoder Type, 2023-2033, $ mn 87
Table 28. Russia Encoder Market by Technology, 2023-2033, $ mn 87
Table 29. Russia Encoder Market by Application, 2023-2033, $ mn 87
Table 30. Encoder Market in Rest of Europe by Country, 2023-2033, $ mn 89
Table 31. Balluff Inc.: Company Snapshot 94
Table 32. Balluff Inc.: Business Segmentation 95
Table 33. Balluff Inc.: Product Portfolio 95
List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 16
Figure 4. Industry Value Chain Analysis 19
Figure 5. Europe Encoder Market, 2023-2033, $ mn 20
Figure 6. Impact of COVID-19 on Business 25
Figure 7. Primary Drivers and Impact Factors of Europe Encoder Market 30
Figure 8. World Industrial Robotics Market by Shipment, 2022-2032, thousand units 33
Figure 9. World Vehicle Production by Car Type, 2019-2030, million units 33
Figure 10. World Electrical & Electronics Industry, 2019-2030, $ trillion 34
Figure 11. Primary Restraints and Impact Factors of Europe Encoder Market 35
Figure 12. Investment Opportunity Analysis 39
Figure 13. Porter’s Fiver Forces Analysis of Europe Encoder Market 42
Figure 14. Breakdown of Europe Encoder Market by Encoder Type, 2023-2033, % of Revenue 47
Figure 15. Europe Addressable Market Cap in 2024-2033 by Encoder Type, Value ($ mn) and Share (%) 47
Figure 16. Europe Encoder Market by Encoder Type: Rotary Encoders, 2023-2033, $ mn 48
Figure 17. Europe Encoder Market by Encoder Type: Linear Encoders, 2023-2033, $ mn 49
Figure 18. Breakdown of Europe Encoder Market by Signal Type, 2023-2033, % of Sales Revenue 51
Figure 19. Europe Addressable Market Cap in 2024-2033 by Signal Type, Value ($ mn) and Share (%) 51
Figure 20. Europe Encoder Market by Signal Type: Absolute Encoders, 2023-2033, $ mn 52
Figure 21. Europe Encoder Market by Signal Type: Incremental Encoders, 2023-2033, $ mn 53
Figure 22. Breakdown of Europe Encoder Market by Technology, 2023-2033, % of Sales Revenue 55
Figure 23. Europe Addressable Market Cap in 2024-2033 by Technology, Value ($ mn) and Share (%) 55
Figure 24. Europe Encoder Market by Technology: Optical Encoders, 2023-2033, $ mn 56
Figure 25. Europe Encoder Market by Technology: Magnetic Encoders, 2023-2033, $ mn 57
Figure 26. Europe Encoder Market by Technology: Photoelectric Encoders, 2023-2033, $ mn 58
Figure 27. Europe Encoder Market by Technology: Inductive Encoders, 2023-2033, $ mn 59
Figure 28. Europe Encoder Market by Technology: Other Technologies, 2023-2033, $ mn 60
Figure 29. Breakdown of Europe Encoder Market by Application, 2023-2033, % of Revenue 62
Figure 30. Europe Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%) 62
Figure 31. Europe Encoder Market by Application: Automotive, 2023-2033, $ mn 63
Figure 32. Europe Encoder Market by Application: Consumer Electronics, 2023-2033, $ mn 64
Figure 33. Europe Encoder Market by Application: Textile, 2023-2033, $ mn 65
Figure 34. Europe Encoder Market by Application: Printing Machinery, 2023-2033, $ mn 66
Figure 35. Europe Encoder Market by Application: Industrial, 2023-2033, $ mn 67
Figure 36. Europe Encoder Market by Application: Healthcare, 2023-2033, $ mn 68
Figure 37. Europe Encoder Market by Application: Food & Beverage, 2023-2033, $ mn 69
Figure 38. Europe Encoder Market by Application: Power, 2023-2033, $ mn 70
Figure 39. Europe Encoder Market by Application: Aerospace, 2023-2033, $ mn 71
Figure 40. Europe Encoder Market by Application: Other Applications, 2023-2033, $ mn 72
Figure 41. Breakdown of European Encoder Market by Country, 2023 and 2033, % of Revenue 74
Figure 42. Contribution to Europe 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 75
Figure 43. Encoder Market in Germany, 2023-2033, $ mn 76
Figure 44. Encoder Market in U.K., 2023-2033, $ mn 78
Figure 45. Encoder Market in France, 2023-2033, $ mn 80
Figure 46. Encoder Market in Spain, 2023-2033, $ mn 82
Figure 47. Encoder Market in Italy, 2023-2033, $ mn 84
Figure 48. Encoder Market in Russia, 2023-2033, $ mn 86
Figure 49. Encoder Market in Rest of Europe, 2023-2033, $ mn 88
Figure 50. Growth Stage of Europe Encoder Industry over the Forecast Period 90
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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