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Machinery & Equipment Global Servo Motor Core Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

  • RnM4726271
    • |
  • 03 August, 2026
    • |
  • Global
    • |
  • 145 Pages
    • |
  • GIR
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Servo Motor Core market size was valued at US$ 7688 million in 2025 and is forecast to a readjusted size of US$ 11000 million by 2032 with a CAGR of 5.3% during review period.
The servo motor core is a key component in a servo motor, typically made from high magnetic permeability materials such as silicon steel sheets. The main function of the core is to provide a path for the magnetic field in the motor, improving the motor’s efficiency and torque output. The servo motor core works by interacting with the current in the winding to generate a rotating magnetic field, which drives the motor’s rotation. The design quality of the core directly influences the motor’s performance, particularly in terms of precision control, response speed, and stability.
As automation, robotics, and high-precision equipment demand continue to grow, the market for servo motor cores is steadily expanding. Particularly in industrial manufacturing, precision engineering, and electronics, the application of servo motors is becoming more widespread. It is expected that the global demand for servo motors will continue to rise in the coming years, driving the growth of the servo motor core market. With advancements in technology, core materials and manufacturing processes are continuously improving, and the emergence of new high-performance cores is further enhancing the efficiency and precision of servo motors. In major manufacturing countries such as China, the U.S., and Japan, the demand for servo motor cores is especially strong, and with the advancement of industrial upgrades and smart manufacturing, the market outlook is promising.
This report is a detailed and comprehensive analysis for global Servo Motor Core market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Servo Motor Core market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Servo Motor Core market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Servo Motor Core market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Servo Motor Core market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Servo Motor Core
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Servo Motor Core market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Mitsui High-tec, Eurotranciatura SpA, Changying Xinzhi Technology Co., Ltd., R.bourgeois, Suzhou Fine-Stamping Machinery & Technology Co., Ltd, Tempel, POSCO Mobility, JFE Shoji, Jiangsu Tongda Power Technology Co.,Ltd., Changzhou Shengli Electrical Machine, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Servo Motor Core market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
<2KW Servo Motor Core
2KW-5KW Servo Motor Core
＞5KW Servo Motor Core
Market segment by Application
Automotive Industry Main Motor
Automotive Industry Motor Accessory
Electric Bikes, Scooters and Mopeds
Industrial Machinery
Home Appliance
Others
Major players covered
Mitsui High-tec
Eurotranciatura SpA
Changying Xinzhi Technology Co., Ltd.
R.bourgeois
Suzhou Fine-Stamping Machinery & Technology Co., Ltd
Tempel
POSCO Mobility
JFE Shoji
Jiangsu Tongda Power Technology Co.,Ltd.
Changzhou Shengli Electrical Machine
Jiangsu Lianbo Precision Technology Co., Ltd.
Jaingsu Huaxin Precision Technological Corporation
Hidria
Wuxi Longsheng Technology
Zhejiang Shiri Electromechanical Technology Co., Ltd.
Henan Yongrong Power Technology Co.,Ltd
Foshan Precision Power Technology
Toyota Boshoku
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Servo Motor Core product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Servo Motor Core, with price, sales quantity, revenue, and global market share of Servo Motor Core from 2021 to 2026.
Chapter 3, the Servo Motor Core competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Servo Motor Core breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Servo Motor Core market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Servo Motor Core.
Chapter 14 and 15, to describe Servo Motor Core sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Servo Motor Core Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 <2KW Servo Motor Core
    • 1.3.3 2KW-5KW Servo Motor Core
    • 1.3.4 ＞5KW Servo Motor Core
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Servo Motor Core Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.4.2 Automotive Industry Main Motor
    • 1.4.3 Automotive Industry Motor Accessory
    • 1.4.4 Electric Bikes, Scooters and Mopeds
    • 1.4.5 Industrial Machinery
    • 1.4.6 Home Appliance
    • 1.4.7 Others
  • 1.5 Global Servo Motor Core Market Size & Forecast
    • 1.5.1 Global Servo Motor Core Consumption Value (2021 & 2025 & 2032)
    • 1.5.2 Global Servo Motor Core Sales Quantity (2021-2032)
    • 1.5.3 Global Servo Motor Core Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 Mitsui High-tec
    • 2.1.1 Mitsui High-tec Details
    • 2.1.2 Mitsui High-tec Major Business
    • 2.1.3 Mitsui High-tec Servo Motor Core Product and Services
    • 2.1.4 Mitsui High-tec Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Mitsui High-tec Recent Developments/Updates
  • 2.2 Eurotranciatura SpA
    • 2.2.1 Eurotranciatura SpA Details
    • 2.2.2 Eurotranciatura SpA Major Business
    • 2.2.3 Eurotranciatura SpA Servo Motor Core Product and Services
    • 2.2.4 Eurotranciatura SpA Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Eurotranciatura SpA Recent Developments/Updates
  • 2.3 Changying Xinzhi Technology Co., Ltd.
    • 2.3.1 Changying Xinzhi Technology Co., Ltd. Details
    • 2.3.2 Changying Xinzhi Technology Co., Ltd. Major Business
    • 2.3.3 Changying Xinzhi Technology Co., Ltd. Servo Motor Core Product and Services
    • 2.3.4 Changying Xinzhi Technology Co., Ltd. Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Changying Xinzhi Technology Co., Ltd. Recent Developments/Updates
  • 2.4 R.bourgeois
    • 2.4.1 R.bourgeois Details
    • 2.4.2 R.bourgeois Major Business
    • 2.4.3 R.bourgeois Servo Motor Core Product and Services
    • 2.4.4 R.bourgeois Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 R.bourgeois Recent Developments/Updates
  • 2.5 Suzhou Fine-Stamping Machinery & Technology Co., Ltd
    • 2.5.1 Suzhou Fine-Stamping Machinery & Technology Co., Ltd Details
    • 2.5.2 Suzhou Fine-Stamping Machinery & Technology Co., Ltd Major Business
    • 2.5.3 Suzhou Fine-Stamping Machinery & Technology Co., Ltd Servo Motor Core Product and Services
    • 2.5.4 Suzhou Fine-Stamping Machinery & Technology Co., Ltd Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Suzhou Fine-Stamping Machinery & Technology Co., Ltd Recent Developments/Updates
  • 2.6 Tempel
    • 2.6.1 Tempel Details
    • 2.6.2 Tempel Major Business
    • 2.6.3 Tempel Servo Motor Core Product and Services
    • 2.6.4 Tempel Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Tempel Recent Developments/Updates
  • 2.7 POSCO Mobility
    • 2.7.1 POSCO Mobility Details
    • 2.7.2 POSCO Mobility Major Business
    • 2.7.3 POSCO Mobility Servo Motor Core Product and Services
    • 2.7.4 POSCO Mobility Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 POSCO Mobility Recent Developments/Updates
  • 2.8 JFE Shoji
    • 2.8.1 JFE Shoji Details
    • 2.8.2 JFE Shoji Major Business
    • 2.8.3 JFE Shoji Servo Motor Core Product and Services
    • 2.8.4 JFE Shoji Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 JFE Shoji Recent Developments/Updates
  • 2.9 Jiangsu Tongda Power Technology Co.,Ltd.
    • 2.9.1 Jiangsu Tongda Power Technology Co.,Ltd. Details
    • 2.9.2 Jiangsu Tongda Power Technology Co.,Ltd. Major Business
    • 2.9.3 Jiangsu Tongda Power Technology Co.,Ltd. Servo Motor Core Product and Services
    • 2.9.4 Jiangsu Tongda Power Technology Co.,Ltd. Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Jiangsu Tongda Power Technology Co.,Ltd. Recent Developments/Updates
  • 2.10 Changzhou Shengli Electrical Machine
    • 2.10.1 Changzhou Shengli Electrical Machine Details
    • 2.10.2 Changzhou Shengli Electrical Machine Major Business
    • 2.10.3 Changzhou Shengli Electrical Machine Servo Motor Core Product and Services
    • 2.10.4 Changzhou Shengli Electrical Machine Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Changzhou Shengli Electrical Machine Recent Developments/Updates
  • 2.11 Jiangsu Lianbo Precision Technology Co., Ltd.
    • 2.11.1 Jiangsu Lianbo Precision Technology Co., Ltd. Details
    • 2.11.2 Jiangsu Lianbo Precision Technology Co., Ltd. Major Business
    • 2.11.3 Jiangsu Lianbo Precision Technology Co., Ltd. Servo Motor Core Product and Services
    • 2.11.4 Jiangsu Lianbo Precision Technology Co., Ltd. Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 Jiangsu Lianbo Precision Technology Co., Ltd. Recent Developments/Updates
  • 2.12 Jaingsu Huaxin Precision Technological Corporation
    • 2.12.1 Jaingsu Huaxin Precision Technological Corporation Details
    • 2.12.2 Jaingsu Huaxin Precision Technological Corporation Major Business
    • 2.12.3 Jaingsu Huaxin Precision Technological Corporation Servo Motor Core Product and Services
    • 2.12.4 Jaingsu Huaxin Precision Technological Corporation Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Jaingsu Huaxin Precision Technological Corporation Recent Developments/Updates
  • 2.13 Hidria
    • 2.13.1 Hidria Details
    • 2.13.2 Hidria Major Business
    • 2.13.3 Hidria Servo Motor Core Product and Services
    • 2.13.4 Hidria Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 Hidria Recent Developments/Updates
  • 2.14 Wuxi Longsheng Technology
    • 2.14.1 Wuxi Longsheng Technology Details
    • 2.14.2 Wuxi Longsheng Technology Major Business
    • 2.14.3 Wuxi Longsheng Technology Servo Motor Core Product and Services
    • 2.14.4 Wuxi Longsheng Technology Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 Wuxi Longsheng Technology Recent Developments/Updates
  • 2.15 Zhejiang Shiri Electromechanical Technology Co., Ltd.
    • 2.15.1 Zhejiang Shiri Electromechanical Technology Co., Ltd. Details
    • 2.15.2 Zhejiang Shiri Electromechanical Technology Co., Ltd. Major Business
    • 2.15.3 Zhejiang Shiri Electromechanical Technology Co., Ltd. Servo Motor Core Product and Services
    • 2.15.4 Zhejiang Shiri Electromechanical Technology Co., Ltd. Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.15.5 Zhejiang Shiri Electromechanical Technology Co., Ltd. Recent Developments/Updates
  • 2.16 Henan Yongrong Power Technology Co.,Ltd
    • 2.16.1 Henan Yongrong Power Technology Co.,Ltd Details
    • 2.16.2 Henan Yongrong Power Technology Co.,Ltd Major Business
    • 2.16.3 Henan Yongrong Power Technology Co.,Ltd Servo Motor Core Product and Services
    • 2.16.4 Henan Yongrong Power Technology Co.,Ltd Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.16.5 Henan Yongrong Power Technology Co.,Ltd Recent Developments/Updates
  • 2.17 Foshan Precision Power Technology
    • 2.17.1 Foshan Precision Power Technology Details
    • 2.17.2 Foshan Precision Power Technology Major Business
    • 2.17.3 Foshan Precision Power Technology Servo Motor Core Product and Services
    • 2.17.4 Foshan Precision Power Technology Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.17.5 Foshan Precision Power Technology Recent Developments/Updates
  • 2.18 Toyota Boshoku
    • 2.18.1 Toyota Boshoku Details
    • 2.18.2 Toyota Boshoku Major Business
    • 2.18.3 Toyota Boshoku Servo Motor Core Product and Services
    • 2.18.4 Toyota Boshoku Servo Motor Core Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.18.5 Toyota Boshoku Recent Developments/Updates

3 Competitive Environment: Servo Motor Core by Manufacturer

  • 3.1 Global Servo Motor Core Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Servo Motor Core Revenue by Manufacturer (2021-2026)
  • 3.3 Global Servo Motor Core Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Servo Motor Core by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Servo Motor Core Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Servo Motor Core Manufacturer Market Share in 2025
  • 3.5 Servo Motor Core Market: Overall Company Footprint Analysis
    • 3.5.1 Servo Motor Core Market: Region Footprint
    • 3.5.2 Servo Motor Core Market: Company Product Type Footprint
    • 3.5.3 Servo Motor Core Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Servo Motor Core Market Size by Region
    • 4.1.1 Global Servo Motor Core Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Servo Motor Core Consumption Value by Region (2021-2032)
    • 4.1.3 Global Servo Motor Core Average Price by Region (2021-2032)
  • 4.2 North America Servo Motor Core Consumption Value (2021-2032)
  • 4.3 Europe Servo Motor Core Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Servo Motor Core Consumption Value (2021-2032)
  • 4.5 South America Servo Motor Core Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Servo Motor Core Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global Servo Motor Core Sales Quantity by Type (2021-2032)
  • 5.2 Global Servo Motor Core Consumption Value by Type (2021-2032)
  • 5.3 Global Servo Motor Core Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global Servo Motor Core Sales Quantity by Application (2021-2032)
  • 6.2 Global Servo Motor Core Consumption Value by Application (2021-2032)
  • 6.3 Global Servo Motor Core Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Servo Motor Core Sales Quantity by Type (2021-2032)
  • 7.2 North America Servo Motor Core Sales Quantity by Application (2021-2032)
  • 7.3 North America Servo Motor Core Market Size by Country
    • 7.3.1 North America Servo Motor Core Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Servo Motor Core Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Servo Motor Core Sales Quantity by Type (2021-2032)
  • 8.2 Europe Servo Motor Core Sales Quantity by Application (2021-2032)
  • 8.3 Europe Servo Motor Core Market Size by Country
    • 8.3.1 Europe Servo Motor Core Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Servo Motor Core Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Servo Motor Core Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific Servo Motor Core Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Servo Motor Core Market Size by Region
    • 9.3.1 Asia-Pacific Servo Motor Core Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Servo Motor Core Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Servo Motor Core Sales Quantity by Type (2021-2032)
  • 10.2 South America Servo Motor Core Sales Quantity by Application (2021-2032)
  • 10.3 South America Servo Motor Core Market Size by Country
    • 10.3.1 South America Servo Motor Core Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Servo Motor Core Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Servo Motor Core Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa Servo Motor Core Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Servo Motor Core Market Size by Country
    • 11.3.1 Middle East & Africa Servo Motor Core Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Servo Motor Core Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Servo Motor Core Market Drivers
  • 12.2 Servo Motor Core Market Restraints
  • 12.3 Servo Motor Core Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Servo Motor Core and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Servo Motor Core
  • 13.3 Servo Motor Core Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Servo Motor Core Typical Distributors
  • 14.3 Servo Motor Core Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Servo Motor Core. Industry analysis & Market Report on Servo Motor Core is a syndicated market report, published as Global Servo Motor Core Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Servo Motor Core market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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