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Global Rotary Encoders Market Size, Competition Landscape and Supply Chain Research Report 2025

Global Rotary Encoders Market Size, Competition Landscape and Supply Chain Research Report 2025

Published:2025-04-10
Pages:155
Tables and Figures:170
Report ID:WENKH013687
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Research Scope
Table of Contents
Tables and Figures
Full Report

Research Summary

Rotary encoders are electromechanical devices used to convert the angular position or rotation of an object into an electrical signal. They typically consist of a rotating shaft, a disc with evenly spaced slots or marks, and sensors to detect the position of the marks as the shaft rotates. Rotary encoders can be incremental or absolute. Incremental rotary encoders generate pulses as the shaft rotates, allowing for relative position measurement and speed detection. Absolute rotary encoders provide a unique digital code for each position of the shaft, enabling precise position tracking without the need for a reference point. Rotary encoders are commonly used in various applications such as robotics, CNC machines, motor control systems, and industrial automation, where accurate position sensing and feedback are essential for proper operation. They offer advantages such as high resolution, reliability, and durability, making them indispensable components in many electromechanical systems.

According to WENKH research statistics, the global Rotary Encoders market size will reach 3,217.68 Million USD in 2025 and is projected to reach 5,870.72 Million USD by 2032, with a CAGR of 8.97% (2025-2032). Among them, the Asia-Pacific Rotary Encoders market is undergoing rapid changes, reaching Million USD in 2025, accounting for approximately % of the global market share. It is projected to reach Million USD by 2032.

The global Rotary Encoders market is highly competitive, with key market players including Heidenhain, Danaher, Tamagawa, Baumer, Nemicon, P+F, Kubler, Koyo, Omron, Leine & Linde, Sick, TR Electronic, BEI, Rep Avago, Yuheng Optics, etc. This report categorizes the competitive landscape of the global Rotary Encoders market into three tiers based on annual revenue, with the top three market players holding approximately  % of the total market share.

This report provides an in-depth analysis of the global Rotary Encoders market, including market size, price trends, market status and future development prospects. It particularly focuses on the market share, product characteristics, pricing, revenue, sales volume and gross profit margin of major manufacturers in the global Rotary Encoders industry. Additionally, this report provides an in-depth analysis of the market status and future development trends of different segments of Rotary Encoders and their downstream application fields.

In terms of data coverage, this report includes extensive time-series data. Historical data spans from 2020 to 2024, providing a solid foundation for analyzing market development trends. The year 2025 is used as a base year to accurately assess the current market landscape, while forecast data extends from 2026 to 2032, using scientific analysis methods and models to offer forward-looking projections and insights into the market's future trajectory. This provides valuable reference information for industry participants and stakeholders.

The report covers regions and countries including North America, Europe, China, Asia Pacific (excluding China), Latin America, the Middle East, and Africa. It particularly focuses on the revenue and sales volume of Rotary Encoders in these regions and countries, as well as the market share of key market players in each region. The report provides an in-depth analysis of the regional distribution and future development trends of the Rotary Encoders market. By considering local policies, this report evaluates the market prospects of Rotary Encoders in each region and country, aiming to help companies gain a comprehensive understanding of the industry characteristics and development potential in different regions, optimize regional business layout, and develop precise market strategies to achieve global development goals.

This report places significant emphasis on data quality and reliability, leveraging a wide range of data sources to ensure accuracy and validity. Primary data collection is conducted through multiple channels, including in-depth interviews with senior corporate executives, industry experts, supply chain participants, and end consumers. This helps to gain insights into corporate strategic planning, industry policies, supply chain dynamics, and user experiences. Secondary data sources cover an extensive range, including authoritative government statistics, customs databases, industry related reports, third-party paid databases, investment research reports, academic studies, corporate financial statements, real-time media updates, and information from international organizations, all of which serve as a solid foundation for data verification and analysis.

Companies Covered

Heidenhain

Danaher

Tamagawa

Baumer

Nemicon

P+F

Kubler

Koyo

Omron

Leine & Linde

Sick

TR Electronic

BEI

Rep Avago

Yuheng Optics

Product Segment

Incremental Rotary Encoders

Absolute Rotary Encoders

Product Application

Elevator Industry

Machine Tool

Motor

Food & Packaging

Other


Chapter Scope

Chapter 1: Product Statistical Scope, Product Segmentation Types and Downstream Applications, Overall Market Size, Current Status and Development Prospects

Chapter 2: Global Rotary Encoders Industry Chain Analysis

Chapter 3: Global Rotary Encoders Industry Environment Analysis and Porter's Five Forces Analysis

Chapter 4: Analysis of the Competitive Landscape of Major Companies in the Global Rotary Encoders Market (Market Share, Product Revenue and Sales Volume Comparison, Tier Division, Corporate Expansion and M&A Trends)

Chapter 5: Analysis of Global Major Companies (Company Profiles, Product Features and Product Segment, Product Revenue, Product Sales Volume, Product Average Price, Product Gross Profit Margin and Geographical Sales Share)

Chapter 6: Global Rotary Encoders Product Segment, Downstream Application and Major Regional Market Size Analysis (Sales Volume, Revenue and Average Price)

Chapter 7: North America Rotary Encoders Product Segment, Downstream Application, and Major Countries Market Size Analysis (Sales Volume, Revenue and Average Price)

Chapter 8: Europe Rotary Encoders Product Segment, Downstream Application, and Major Countries Market Size Analysis (Sales Volume, Revenue and Average Price)

Chapter 9: China Rotary Encoders Product Segment, Downstream Application, and Major Countries Market Size Analysis (Sales Volume, Revenue and Average Price)

Chapter 10: Asia Pacific (excluding China) Rotary Encoders Product Segment, Downstream Application, and Major Countries Market Size Analysis (Sales Volume, Revenue and Average Price)

Chapter 11: Latin America Rotary Encoders Product Segment, Downstream Application, and Major Countries Market Size Analysis (Sales Volume, Revenue and Average Price)

Chapter 12: Middle East and Africa Rotary Encoders Product Segment, Downstream Application, and Major Countries Market Size Analysis (Sales Volume, Revenue and Average Price)

Chapter 13: Research Conclusion

Chapter 14: Methodology and Data Source


Purpose and Value of the Report

Market Trend Insights: Analyze industry trends, market dynamics, and future growth potential to help companies forecast changes and develop strategic plans.

Competitive Landscape Analysis: Understand key players' revenue segmentation, strategies, market share, and business models to guide competitive decisions.

Investment Decision Support: Provide feasibility analysis through market size, growth rate, demand trends, and potential risks for informed investment decisions.

Target Customer and Demand Analysis: Examine consumer behavior, purchasing preferences, and pain points to optimize products and improve market penetration.

Policy and Regulatory Insights: Interpret relevant industry policies to ensure compliance and mitigate regulatory risks.

Business Model Optimization: Offer data-driven suggestions for enhancing business models and improving profitability.

Table of Content

1 Rotary Encoders Market Overview

   1.1 Product Definition Introduction

   1.2 Global Rotary Encoders Market Size and Growth Forecast Analysis (2020-2032)

   1.3 Rotary Encoders Market Status and Development Prospects

       1.3.1 Rotary Encoders Market Status

       1.3.2 Rotary Encoders Industry Development Prospects

   1.4 Rotary Encoders Market Overview by Product Segment

       1.4.1 Global Rotary Encoders Market Size and Growth Forecast Analysis by Product Segment: 2020 VS 2025 VS 2032

       1.4.2 Incremental Rotary Encoders

       1.4.3 Absolute Rotary Encoders

   1.5 Rotary Encoders Market Overview by Product Application

       1.5.1 Global Rotary Encoders Market Size and Growth Forecast Analysis by Product Application: 2020 VS 2025 VS 2032

       1.5.2 Elevator Industry

       1.5.3 Machine Tool

       1.5.4 Motor

       1.5.5 Food & Packaging

       1.5.6 Other

2 Rotary Encoders Industry Supply Chain Analysis

   2.1 Rotary Encoders Supply Chain

   2.2 Rotary Encoders Industry Upstream Supply Analysis

       2.2.1 Upstream Raw Materials Supply Status

       2.2.2 Key Raw Material Suppliers

   2.3 Rotary Encoders Midstream Manufacturers

   2.4 Rotary Encoders Downstream Customers

   2.5 Rotary Encoders Sales Channel Analysis

3 Rotary Encoders Market Environment Analysis

   3.1 Rotary Encoders Industry Policy Analysis

   3.2 Rotary Encoders Emerging Technology Trends in the Industry

   3.3 Rotary Encoders Restraining Factors Analysis

   3.4 Rotary Encoders Market Porter's Five Forces Analysis

       3.4.1 Competitive Rivalry

       3.4.2 Threat of New Entrants

       3.4.3 Bargaining Power of Suppliers

       3.4.4 Bargaining Power of Buyers

       3.4.5 Threat of Substitute Products or Services

4 Global Rotary Encoders Manufacturer Competition Landscape

   4.1 Global Rotary Encoders Market Sales Volume, Revenue by Key Manufacturers (2021-2025)

       4.1.1 Global Rotary Encoders Market Sales Volume by Key Manufacturers (2021-2025)

       4.1.2 Global Rotary Encoders Market Revenue by Key Manufacturers (2021-2025)

   4.2 Global Rotary Encoders Market Position by Key Manufacturers

   4.3 China Rotary Encoders Market Position by Key Manufacturers

   4.4 Global Key Manufacturers Headquarter and Key Area Served

   4.5 Global Rotary Encoders Market Expansion and M&A Dynamic

5 In-depth Analysis of Key Players

   5.1 Heidenhain

       5.1.1 Heidenhain Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.1.2 Heidenhain Rotary Encoders Product Features

       5.1.3 Heidenhain Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.1.4 Heidenhain Rotary Encoders Revenue by Product Segment

       5.1.5 Heidenhain Rotary Encoders Revenue by Region

   5.2 Danaher

       5.2.1 Danaher Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.2.2 Danaher Rotary Encoders Product Features

       5.2.3 Danaher Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.2.4 Danaher Rotary Encoders Revenue by Product Segment

       5.2.5 Danaher Rotary Encoders Revenue by Region

   5.3 Tamagawa

       5.3.1 Tamagawa Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.3.2 Tamagawa Rotary Encoders Product Features

       5.3.3 Tamagawa Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.3.4 Tamagawa Rotary Encoders Revenue by Product Segment

       5.3.5 Tamagawa Rotary Encoders Revenue by Region

   5.4 Baumer

       5.4.1 Baumer Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.4.2 Baumer Rotary Encoders Product Features

       5.4.3 Baumer Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.4.4 Baumer Rotary Encoders Revenue by Product Segment

       5.4.5 Baumer Rotary Encoders Revenue by Region

   5.5 Nemicon

       5.5.1 Nemicon Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.5.2 Nemicon Rotary Encoders Product Features

       5.5.3 Nemicon Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.5.4 Nemicon Rotary Encoders Revenue by Product Segment

       5.5.5 Nemicon Rotary Encoders Revenue by Region

   5.6 P+F

       5.6.1 P+F Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.6.2 P+F Rotary Encoders Product Features

       5.6.3 P+F Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.6.4 P+F Rotary Encoders Revenue by Product Segment

       5.6.5 P+F Rotary Encoders Revenue by Region

   5.7 Kubler

       5.7.1 Kubler Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.7.2 Kubler Rotary Encoders Product Features

       5.7.3 Kubler Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.7.4 Kubler Rotary Encoders Revenue by Product Segment

       5.7.5 Kubler Rotary Encoders Revenue by Region

   5.8 Koyo

       5.8.1 Koyo Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.8.2 Koyo Rotary Encoders Product Features

       5.8.3 Koyo Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.8.4 Koyo Rotary Encoders Revenue by Product Segment

       5.8.5 Koyo Rotary Encoders Revenue by Region

   5.9 Omron

       5.9.1 Omron Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.9.2 Omron Rotary Encoders Product Features

       5.9.3 Omron Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.9.4 Omron Rotary Encoders Revenue by Product Segment

       5.9.5 Omron Rotary Encoders Revenue by Region

   5.10 Leine & Linde

       5.10.1 Leine & Linde Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.10.2 Leine & Linde Rotary Encoders Product Features

       5.10.3 Leine & Linde Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.10.4 Leine & Linde Rotary Encoders Revenue by Product Segment

       5.10.5 Leine & Linde Rotary Encoders Revenue by Region

   5.11 Sick

       5.11.1 Sick Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.11.2 Sick Rotary Encoders Product Features

       5.11.3 Sick Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.11.4 Sick Rotary Encoders Revenue by Product Segment

       5.11.5 Sick Rotary Encoders Revenue by Region

   5.12 TR Electronic

       5.12.1 TR Electronic Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.12.2 TR Electronic Rotary Encoders Product Features

       5.12.3 TR Electronic Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.12.4 TR Electronic Rotary Encoders Revenue by Product Segment

       5.12.5 TR Electronic Rotary Encoders Revenue by Region

   5.13 BEI

       5.13.1 BEI Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.13.2 BEI Rotary Encoders Product Features

       5.13.3 BEI Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.13.4 BEI Rotary Encoders Revenue by Product Segment

       5.13.5 BEI Rotary Encoders Revenue by Region

   5.14 Rep Avago

       5.14.1 Rep Avago Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.14.2 Rep Avago Rotary Encoders Product Features

       5.14.3 Rep Avago Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.14.4 Rep Avago Rotary Encoders Revenue by Product Segment

       5.14.5 Rep Avago Rotary Encoders Revenue by Region

   5.15 Yuheng Optics

       5.15.1 Yuheng Optics Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

       5.15.2 Yuheng Optics Rotary Encoders Product Features

       5.15.3 Yuheng Optics Rotary Encoders Product Revenue, Sales Volume, Price and Gross Margin Analysis (2021-2025)

       5.15.4 Yuheng Optics Rotary Encoders Revenue by Product Segment

       5.15.5 Yuheng Optics Rotary Encoders Revenue by Region

6 Global Rotary Encoders Market Analysis by Regions, by Product Segment and Application

   6.1 Global Rotary Encoders Market Size and Growth Forecast by Region: 2020 VS 2025 VS 2032

       6.1.1 Global Rotary Encoders Market Revenue by Region (2020-2025)

       6.1.2 Global Rotary Encoders Market Revenue Forecast by Region (2026-2032)

   6.2 Global Rotary Encoders Market Sales Volume Analysis

       6.2.1 Global Rotary Encoders Market Sales Volume by Region (2020-2025)

       6.2.2 Global Rotary Encoders Market Sales Volume Forecast by Region (2026-2032)

   6.3 Global Rotary Encoders Market by Product Segment (2020-2032)

       6.3.1 Global Rotary Encoders Market Revenue and Forecast by Product Segment

       6.3.2 Global Rotary Encoders Market Sales Volume and Forecast by Product Segment

   6.4 Global Rotary Encoders Market by Product Application (2020-2032)

       6.4.1 Global Rotary Encoders Market Revenue and Forecast by Product Application

       6.4.2 Global Rotary Encoders Market Sales Volume and Forecast by Product Application

7 North America Rotary Encoders Market Analysis

   7.1 North America Rotary Encoders Market Prospects

       7.1.1 North America Rotary Encoders Market Revenue and Growth Forecast by Countries (2020-2032)

       7.1.2 North America Rotary Encoders Sales Volume and Growth Forecast by Countries (2020-2032)

       7.1.3 U.S.

       7.1.4 Canada

   7.2 North America Rotary Encoders Market by Product Segment (2020-2032)

       7.2.1 North America Rotary Encoders Market Revenue and Forecast Analysis by Product Segment

       7.2.2 North America Rotary Encoders Market Sales Volume and Forecast Analysis by Product Segment

   7.3 North America Rotary Encoders Market by Product Application (2020-2032)

       7.3.1 North America Rotary Encoders Market Revenue and Forecast Analysis by Product Application

       7.3.2 North America Rotary Encoders Market Sales Volume and Forecast Analysis by Product Application

8 Europe Rotary Encoders Market Analysis

   8.1 Europe Rotary Encoders Market Prospects

       8.1.1 Europe Rotary Encoders Market Revenue and Growth Forecast by Countries (2020-2032)

       8.1.2 Europe Rotary Encoders Sales Volume and Growth Forecast by Countries (2020-2032)

       8.1.3 Germany

       8.1.4 France

       8.1.5 United Kingdom

       8.1.6 Italy

       8.1.7 Spain

       8.1.8 Benelux

   8.2 Europe Rotary Encoders Market by Product Segment (2020-2032)

       8.2.1 Europe Rotary Encoders Market Revenue and Forecast Analysis by Product Segment

       8.2.2 Europe Rotary Encoders Market Sales Volume and Forecast Analysis by Product Segment

   8.3 Europe Rotary Encoders Market by Product Application (2020-2032)

       8.3.1 Europe Rotary Encoders Market Revenue and Forecast Analysis by Product Application

       8.3.2 Europe Rotary Encoders Market Sales Volume and Forecast Analysis by Product Application

9 China Rotary Encoders Market Analysis

   9.1 China Rotary Encoders Market Prospects

       9.1.1 China Rotary Encoders Revenue and Growth Forecast (2020-2032)

       9.1.2 China Rotary Encoders Market Sales Volume and Growth Forecast (2020-2032)

   9.2 China Rotary Encoders Market by Product Segment (2020-2032)

       9.2.1 China Rotary Encoders Market Revenue and Forecast Analysis by Product Segment

       9.2.2 China Rotary Encoders Market Sales Volume and Forecast Analysis by Product Segment

   9.3 China Rotary Encoders Market by Product Application (2020-2032)

       9.3.1 China Rotary Encoders Market Revenue and Forecast Analysis by Product Application

       9.3.2 China Rotary Encoders Market Sales Volume and Forecast Analysis by Product Application

10 Asia Pacific (excl. China) Rotary Encoders Market Analysis

   10.1 Asia Pacific (excl. China) Rotary Encoders Market Prospects

       10.1.1 Asia Pacific (excl. China) Rotary Encoders Revenue and Growth Forecast by Countries (2020-2032)

       10.1.2 Asia Pacific (excl. China) Rotary Encoders Sales Volume and Growth Forecast by Countries (2020-2032)

       10.1.3 Japan

       10.1.4 South Korea

       10.1.5 India

       10.1.6 Southeast Asia

       10.1.7 Australia

   10.2 Asia Pacific (excl. China) Rotary Encoders Market by Product Segment (2020-2032)

       10.2.1 Asia Pacific (excl. China) Rotary Encoders Market Revenue and Forecast Analysis by Product Segment

       10.2.2 Asia Pacific (excl. China) Rotary Encoders Market Sales Volume and Forecast Analysis by Product Segment

   10.3 Asia Pacific (excl. China) Rotary Encoders Market by Product Application (2020-2032)

       10.3.1 Asia Pacific (excl. China) Rotary Encoders Market Revenue and Forecast Analysis by Product Application

       10.3.2 Asia Pacific (excl. China) Rotary Encoders Market Sales Volume and Forecast Analysis by Product Application

11 Latin America Rotary Encoders Market Analysis

   11.1 Latin America Rotary Encoders Market Prospects

       11.1.1 Latin America Rotary Encoders Revenue and Growth Forecast by Countries (2020-2032)

       11.1.2 Latin America Rotary Encoders Sales Volume and Growth Forecast by Countries (2020-2032)

       11.1.3 Mexico

       11.1.4 Brazil

   11.2 Latin America Rotary Encoders Market by Product Segment (2020-2032)

       11.2.1 Latin America Rotary Encoders Market Revenue and Forecast Analysis by Product Segment

       11.2.2 Latin America Rotary Encoders Market Sales Volume and Forecast Analysis by Product Segment

   11.3 Latin America Rotary Encoders Market by Product Application (2020-2032)

       11.3.1 Latin America Rotary Encoders Market Revenue and Forecast Analysis by Product Application

       11.3.2 Latin America Rotary Encoders Market Sales Volume and Forecast Analysis by Product Application

12 Middle East and Africa Rotary Encoders Market Analysis

   12.1 Middle East and Africa Rotary Encoders Market Prospects

       12.1.1 Middle East and Africa Rotary Encoders Revenue and Growth Forecast by Countries (2020-2032)

       12.1.2 Middle East and Africa Rotary Encoders Sales Volume and Growth Forecast by Countries (2020-2032)

       12.1.3 Saudi Arabia

       12.1.4 South Africa

   12.2 Middle East and Africa Rotary Encoders Market by Product Segment (2020-2032)

       12.2.1 Middle East and Africa Rotary Encoders Market Revenue and Forecast Analysis by Product Segment

       12.2.2 Middle East and Africa Rotary Encoders Market Sales Volume and Forecast Analysis by Product Segment

   12.3 Middle East and Africa Rotary Encoders Market by Product Application (2020-2032)

       12.3.1 Middle East and Africa Rotary Encoders Market Revenue and Forecast Analysis by Product Application

       12.3.2 Middle East and Africa Rotary Encoders Market Sales Volume and Forecast Analysis by Product Application

13 Research Conclusion

14 Appendix

   14.1 Methodology/Research Approach

   14.2 Research Landscape

   14.3 Research Benchmark and Hypothesis

   14.4 Data Source

       14.4.1 Primary Sources

       14.4.2 Secondary Sources

   14.5 Data Cross Validation

   14.6 Disclaimer

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Table 1:Global Rotary Encoders Product Segment Market Size and Growth Forecast Analysis (2020 VS 2025 VS 2032) & (Million USD)

Table 2:Global Rotary Encoders Market Size and Growth Forecast Analysis by Application (2020 VS 2025 VS 2032) & (Million USD)

Table 3:Key Raw Materials and Market Concentration

Table 4:Rotary Encoders Raw Material Suppliers and Contact Information

Table 5:Rotary Encoders Downstream Customers List

Table 6:Rotary Encoders Distributors/Dealers List

Table 7:Global Rotary Encoders Market Sales Volume by Key Manufacturers (2021-2025) & (K Unit)

Table 8:Global Rotary Encoders Market Revenue by Key Manufacturers (2021-2025) & (Million USD)

Table 9:Global Rotary Encoders Market Position by Key Manufacturers

Table 10:China Rotary Encoders Market Position by Key Manufacturers

Table 11:Global Key Manufacturers Headquarter and Key Area Served

Table 12:Global Rotary Encoders Market Expansion and M&A Dynamic

Table 13:Heidenhain Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 14:Heidenhain Rotary Encoders Product Features

Table 15:Heidenhain Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 16:Heidenhain Rotary Encoders Revenue by Product Segment

Table 17:Heidenhain Rotary Encoders Revenue by Region

Table 18:Danaher Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 19:Danaher Rotary Encoders Product Features

Table 20:Danaher Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 21:Danaher Rotary Encoders Revenue by Product Segment

Table 22:Danaher Rotary Encoders Revenue by Region

Table 23:Tamagawa Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 24:Tamagawa Rotary Encoders Product Features

Table 25:Tamagawa Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 26:Tamagawa Rotary Encoders Revenue by Product Segment

Table 27:Tamagawa Rotary Encoders Revenue by Region

Table 28:Baumer Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 29:Baumer Rotary Encoders Product Features

Table 30:Baumer Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 31:Baumer Rotary Encoders Revenue by Product Segment

Table 32:Baumer Rotary Encoders Revenue by Region

Table 33:Nemicon Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 34:Nemicon Rotary Encoders Product Features

Table 35:Nemicon Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 36:Nemicon Rotary Encoders Revenue by Product Segment

Table 37:Nemicon Rotary Encoders Revenue by Region

Table 38:P+F Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 39:P+F Rotary Encoders Product Features

Table 40:P+F Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 41:P+F Rotary Encoders Revenue by Product Segment

Table 42:P+F Rotary Encoders Revenue by Region

Table 43:Kubler Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 44:Kubler Rotary Encoders Product Features

Table 45:Kubler Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 46:Kubler Rotary Encoders Revenue by Product Segment

Table 47:Kubler Rotary Encoders Revenue by Region

Table 48:Koyo Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 49:Koyo Rotary Encoders Product Features

Table 50:Koyo Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 51:Koyo Rotary Encoders Revenue by Product Segment

Table 52:Koyo Rotary Encoders Revenue by Region

Table 53:Omron Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 54:Omron Rotary Encoders Product Features

Table 55:Omron Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 56:Omron Rotary Encoders Revenue by Product Segment

Table 57:Omron Rotary Encoders Revenue by Region

Table 58:Leine & Linde Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 59:Leine & Linde Rotary Encoders Product Features

Table 60:Leine & Linde Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 61:Leine & Linde Rotary Encoders Revenue by Product Segment

Table 62:Leine & Linde Rotary Encoders Revenue by Region

Table 63:Sick Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 64:Sick Rotary Encoders Product Features

Table 65:Sick Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 66:Sick Rotary Encoders Revenue by Product Segment

Table 67:Sick Rotary Encoders Revenue by Region

Table 68:TR Electronic Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 69:TR Electronic Rotary Encoders Product Features

Table 70:TR Electronic Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 71:TR Electronic Rotary Encoders Revenue by Product Segment

Table 72:TR Electronic Rotary Encoders Revenue by Region

Table 73:BEI Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 74:BEI Rotary Encoders Product Features

Table 75:BEI Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 76:BEI Rotary Encoders Revenue by Product Segment

Table 77:BEI Rotary Encoders Revenue by Region

Table 78:Rep Avago Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 79:Rep Avago Rotary Encoders Product Features

Table 80:Rep Avago Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 81:Rep Avago Rotary Encoders Revenue by Product Segment

Table 82:Rep Avago Rotary Encoders Revenue by Region

Table 83:Yuheng Optics Basic Information (Total Revenue, Employees, Main Business, Service Area and Contact Information)

Table 84:Yuheng Optics Rotary Encoders Product Features

Table 85:Yuheng Optics Rotary Encoders Product Revenue (Million USD), Sales Volume (K Unit), Price (USD/Unit) and Gross Margin (2021-2025)

Table 86:Yuheng Optics Rotary Encoders Revenue by Product Segment

Table 87:Yuheng Optics Rotary Encoders Revenue by Region

Table 88:Global Rotary Encoders Market Size and Growth Forecast by Region (2020 VS 2025 VS 2032) & (Million USD)

Table 89:Global Rotary Encoders Market Revenue by Region (2020-2025) & (Million USD)

Table 90:Global Rotary Encoders Market Share by Region (2020-2025)

Table 91:Global Rotary Encoders Market Revenue Forecast by Region (2026-2032) & (Million USD)

Table 92:Global Rotary Encoders Market Share Forecast by Region (2026-2032)

Table 93:Global Rotary Encoders Market Sales by Region (2020-2025) & (K Unit)

Table 94:Global Rotary Encoders Sales Volume Market Share by Region (2020-2025)

Table 95:Global Rotary Encoders Market Sales Volume Forecast by Region (2026-2032) & (K Unit)

Table 96:Global Rotary Encoders Sales Volume Market Share Forecast by Region (2026-2032)

Table 97:Global Rotary Encoders Market Revenue by Product Segment (2020-2025) & (Million USD)

Table 98:Global Rotary Encoders Market Revenue Forecast by Product Segment (2026-2032) & (Million USD)

Table 99:Global Rotary Encoders Market Sales Volume by Product Segment (2020-2025) & (K Unit)

Table 100:Global Rotary Encoders Market Sales Volume Forecast by Product Segment (2026-2032) & (K Unit)

Table 101:Global Rotary Encoders Market Revenue by Product Application (2020-2025) & (Million USD)

Table 102:Global Rotary Encoders Market Revenue Forecast by Product Application (2026-2032) & (Million USD)

Table 103:Global Rotary Encoders Market Sales Volume by Product Application (2020-2025) & (K Unit)

Table 104:Global Rotary Encoders Market Sales Volume Forecast by Product Application (2026-2032) & (K Unit)

Table 105:North America Rotary Encoders Market Revenue by Countries (2020-2025) & (Million USD)

Table 106:North AmericaRotary Encoders Market Revenue Forecast by Countries (2026-2032) & (Million USD)

Table 107:North America Rotary Encoders Market Sales Volume by Countries (2020-2025) & K Unit)

Table 108:North America Rotary Encoders Market Sales Volume Forecast by Countries (2026-2032) & (K Unit)

Table 109:North America Rotary Encoders Market Revenue by Product Segment (2020-2025) & (Million USD)

Table 110:North America Rotary Encoders Market Revenue Forecast by Product Segment (2026-2032) & (Million USD)

Table 111:North America Rotary Encoders Market Sales Volume by Product Segment (2020-2025) & (K Unit)

Table 112:North America Rotary Encoders Market Sales Volume Forecast by Segment (2026-2032) & (K Unit)

Table 113:North America Rotary Encoders Market Revenue by Product Application (2020-2025) & (Million USD)

Table 114:North America Rotary Encoders Market Revenue Forecast by Product Application (2026-2032) & (Million USD)

Table 115:North America Rotary Encoders Market Sales Volume by Product Application (2020-2025) & (K Unit)

Table 116:North America Rotary Encoders Market Sales Volume Forecast by Product Application (2026-2032) & (K Unit)

Table 117:Europe Rotary Encoders Market Revenue by Countries (2020-2025) & (Million USD)

Table 118:Europe Rotary Encoders Market Revenue Forecast by Countries (2026-2032) & (Million USD)

Table 119:Europe Rotary Encoders Market Sales Volume by Countries (2020-2025) & (K Unit)

Table 120:Europe Rotary Encoders Market Sales Volume Forecast by Countries (2026-2032) & (K Unit)

Table 121:Europe Rotary Encoders Market Revenue by Product Segment (2020-2025) & (Million USD)

Table 122:Europe Rotary Encoders Market Revenue Forecast by Product Segment (2026-2032) & (Million USD)

Table 123:Europe Rotary Encoders Market Sales Volume by Product Segment (2020-2025) & (K Unit)

Table 124:Europe Rotary Encoders Market Sales Volume Forecast by Segment (2026-2032) & (K Unit)

Table 125:Europe Rotary Encoders Market Revenue by Product Application (2020-2025) & (Million USD)

Table 126:Europe Rotary Encoders Market Revenue Forecast by Product Application (2026-2032) & (Million USD)

Table 127:Europe Rotary Encoders Market Sales Volume by Product Application (2020-2025) & (K Unit)

Table 128:Europe Rotary Encoders Market Sales Volume Forecast by Product Application (2026-2032) & (K Unit)

Table 129:China Rotary Encoders Market Revenue by Product Segment (2020-2025) & (Million USD)

Table 130:China Rotary Encoders Market Revenue Forecast by Product Segment (2026-2032) & (Million USD)

Table 131:China Rotary Encoders Market Sales Volume by Product Segment (2020-2025) & (K Unit)

Table 132:China Rotary Encoders Market Sales Volume Forecast by Segment (2026-2032) & (K Unit)

Table 133:China Rotary Encoders Market Revenue by Product Application (2020-2025) & (Million USD)

Table 134:China Rotary Encoders Market Revenue Forecast by Product Application (2026-2032) & (Million USD)

Table 135:China Rotary Encoders Market Sales Volume by Product Application (2020-2025) & (K Unit)

Table 136:China Rotary Encoders Market Sales Volume Forecast by Product Application (2026-2032) & (K Unit)

Table 137:Asia Pacific (excl. China) Rotary Encoders Market Revenue by Countries (2020-2025) & (Million USD)

Table 138:Asia Pacific (excl. China) Rotary Encoders Market Revenue Forecast by Countries (2026-2032) & (Million USD)

Table 139:Asia Pacific (excl. China) Rotary Encoders Market Sales Volume by Countries (2020-2025) & (K Unit)

Table 140:Asia Pacific (excl. China) Rotary Encoders Market Sales Volume Forecast by Countries (2026-2032) & (K Unit)

Table 141:Asia Pacific (excl. China) Rotary Encoders Market Revenue by Product Segment (2020-2025) & (Million USD)

Table 142:Asia Pacific (excl. China) Rotary Encoders Market Revenue Forecast by Product Segment (2026-2032) & (Million USD)

Table 143:Asia Pacific (excl. China) Rotary Encoders Market Sales Volume by Product Segment (2020-2025) & (K Unit)

Table 144:Asia Pacific (excl. China) Rotary Encoders Market Sales Volume Forecast by Segment (2026-2032) & (K Unit)

Table 145:Asia Pacific (excl. China) Rotary Encoders Market Revenue by Product Application (2020-2025) & (Million USD)

Table 146:Asia Pacific (excl. China) Rotary Encoders Market Revenue Forecast by Product Application (2026-2032) & (Million USD)

Table 147:Asia Pacific (excl. China) Rotary Encoders Market Sales Volume by Product Application (2020-2025) & (K Unit)

Table 148:Asia Pacific (excl. China) Rotary Encoders Market Sales Volume Forecast by Product Application (2026-2032) & (K Unit)

Table 149:Latin America Rotary Encoders Market Revenue by Countries (2020-2025) & (Million USD)

Table 150:Latin America Rotary Encoders Market Revenue Forecast by Countries (2026-2032) & (Million USD)

Table 151:Latin America Rotary Encoders Market Sales Volume by Countries (2020-2025) & (K Unit)

Table 152:Latin America Rotary Encoders Market Sales Volume Forecast by Countries (2026-2032) & (K Unit)

Table 153:Latin America Rotary Encoders Market Revenue by Product Segment (2020-2025) & (Million USD)

Table 154:Latin America Rotary Encoders Market Revenue Forecast by Product Segment (2026-2032) & (Million USD)

Table 155:Latin America Rotary Encoders Market Sales Volume by Product Segment (2020-2025) & (K Unit)

Table 156:Latin America Rotary Encoders Market Sales Volume Forecast by Segment (2026-2032) & (K Unit)

Table 157:Latin America Rotary Encoders Market Revenue by Product Application (2020-2025) & (Million USD)

Table 158:Latin America Rotary Encoders Market Revenue Forecast by Product Application (2026-2032) & (Million USD)

Table 159:Latin America Rotary Encoders Market Sales Volume by Product Application (2020-2025) & (K Unit)

Table 160:Latin America Rotary Encoders Market Sales Volume Forecast by Product Application (2026-2032) & (K Unit)

Table 161:Middle East and Africa Rotary Encoders Market Revenue by Countries (2020-2025) & (Million USD)

Table 162:Middle East and Africa Rotary Encoders Market Revenue Forecast by Countries (2026-2032) & (Million USD)

Table 163:Middle East and Africa Rotary Encoders Market Sales Volume by Countries (2020-2025) & (K Unit)

Table 164:Middle East and Africa Rotary Encoders Market Sales Volume Forecast by Countries (2026-2032) & (K Unit)

Table 165:Middle East and Africa Rotary Encoders Market Revenue by Product Segment (2020-2025) & (Million USD)

Table 166:Middle East and Africa Rotary Encoders Market Revenue Forecast by Product Segment (2026-2032) & (Million USD)

Table 167:Middle East and Africa Rotary Encoders Market Sales Volume by Product Segment (2020-2025) & (K Unit)

Table 168:Middle East and Africa Rotary Encoders Market Sales Volume Forecast by Segment (2026-2032) & (K Unit)

Table 169:Middle East and Africa Rotary Encoders Market Revenue by Product Application (2020-2025) & (Million USD)

Table 170:Middle East and Africa Rotary Encoders Market Revenue Forecast by Product Application (2026-2032) & (Million USD)

Table 171:Middle East and Africa Rotary Encoders Market Sales Volume by Product Application (2020-2025) & (K Unit)

Table 172:Middle East and Africa Rotary Encoders Market Sales Volume Forecast by Product Application (2026-2032) & (K Unit)

Table 173:Secondary Sources


image.png

Figure 1:Rotary Encoders Product Scope

Figure 2:Global Rotary Encoders Market Size and Growth Forecast Analysis (2020-2032) & (Million USD)

Figure 3:Global Rotary Encoders Sales Volume and Growth Forecast Analysis (2020-2032) & (K Unit)

Figure 4:Global Rotary Encoders Product Segment Market Share (2025 & 2032)

Figure 5:Global Rotary Encoders Product Application Market Share (2025 & 2032)

Figure 6:Incremental Rotary Encoders Product Scope

Figure 7:Absolute Rotary Encoders Product Scope

Figure 8:Elevator Industry Product Scope

Figure 9:Machine Tool Product Scope

Figure 10:Motor Product Scope

Figure 11:Food & Packaging Product Scope

Figure 12:Other Product Scope

Figure 13:Rotary Encoders Industrial Chain Framework

Figure 14:Global Rotary Encoders Market by Geographic Segmentation in 2025

Figure 15:Global Rotary Encoders Market Share by Region (2020 VS 2025)

Figure 16:Global Rotary Encoders Sales Volume Market Share by Region (2020 VS 2025)

Figure 17:North America Rotary Encoders Market Size and Growth Forecast (2024 VS 2025 VS 2032) & (Million USD)

Figure 18:North America Rotary Encoders Revenue Market Share by Countries (2025 VS 2032)

Figure 19:North America Rotary Encoders Sales Volume Market Share by Countries (2025 VS 2032)

Figure 20:U.S. Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 21:U.S. Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 22:Canada Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 23:Canada Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 24:Europe Rotary Encoders Market Size and Growth Forecast (2024 VS 2025 VS 2032) & (Million USD)

Figure 25:Europe Rotary Encoders Revenue Market Share by Countries (2025 VS 2032)

Figure 26:Europe Rotary Encoders Sales Volume Market Share by Countries (2025 VS 2032)

Figure 27:Germany Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 28:Germany Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 29:France Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 30:France Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 31:United Kingdom Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 32:United Kingdom Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 33:Italy Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 34:Italy Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 35:Spain Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 36:Spain Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 37:Benelux Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 38:Benelux Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 39:China Rotary Encoders Market Size and Growth Forecast (2024 VS 2025 VS 2032) & (Million USD)

Figure 40:China Rotary Encoders Market Sales Volume and Growth Forecast (K Unit)

Figure 41:Asia Pacific (excl. China) Rotary Encoders Market Size and Growth Forecast (2024 VS 2025 VS 2032) & (Million USD)

Figure 42:Asia Pacific (excl. China) Rotary Encoders Revenue Market Share by Countries (2025 VS 2032)

Figure 43:Asia Pacific (excl. China) Rotary Encoders Sales Volume Market Share by Countries (2025 VS 2032)

Figure 44:Japan Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 45:Japan Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 46:South Korea Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 47:South Korea Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 48:India Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 49:India Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 50:Southeast Asia Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 51:Southeast Asia Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 52:Australia Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 53:Australia Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 54:Latin America Rotary Encoders Market Size and Growth Forecast (2024 VS 2025 VS 2032) & (Million USD)

Figure 55:Latin America Rotary Encoders Revenue Market Share by Countries (2025 VS 2032)

Figure 56:Latin America Rotary Encoders Sales Volume Market Share by Countries (2025 VS 2032)

Figure 57:Mexico Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 58:Mexico Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 59:Brazil Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 60:Brazil Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 61:Middle East and Africa Rotary Encoders Market Size and Growth Forecast (2024 VS 2025 VS 2032) & (Million USD)

Figure 62:Middle East and Africa Rotary Encoders Revenue Market Share by Countries (2025 VS 2032)

Figure 63:Middle East and Africa Rotary Encoders Sales Volume Market Share by Countries (2025 VS 2032)

Figure 64:Saudi Arabia Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 65:Saudi Arabia Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 66:South Africa Rotary Encoders Market Revenue and Forecast (2020-2032) & (Million USD)

Figure 67:South Africa Rotary Encoders Market Sales Volume and Forecast (2020-2032) & (K Unit)

Figure 68:Research Methodology

Figure 69:Primary Sources

Figure 70:Data Cross Validation

Global Rotary Encoders Revenue and Market Share by Key Players

Revenue (US$ Million)20202021202220232024
HeidenhainXXXXXXXXXX
DanaherXXXXXXXXXX
TamagawaXXXXXXXXXX
BaumerXXXXXXXXXX
NemiconXXXXXXXXXX
P+FXXXXXXXXXX
KublerXXXXXXXXXX
KoyoXXXXXXXXXX
OmronXXXXXXXXXX
Leine & LindeXXXXXXXXXX
SickXXXXXXXXXX
TR ElectronicXXXXXXXXXX
BEIXXXXXXXXXX
Rep AvagoXXXXXXXXXX
Yuheng OpticsXXXXXXXXXX
Other CompaniesXXXXXXXXXX
TotalXXXXXXXXXX


image.png


Global Rotary Encoders Sales Volume and Market Share by Key Players

Sales (K Unit)20202021202220232024
HeidenhainXXXXXXXXXX
DanaherXXXXXXXXXX
TamagawaXXXXXXXXXX
BaumerXXXXXXXXXX
NemiconXXXXXXXXXX
P+FXXXXXXXXXX
KublerXXXXXXXXXX
KoyoXXXXXXXXXX
OmronXXXXXXXXXX
Leine & LindeXXXXXXXXXX
SickXXXXXXXXXX
TR ElectronicXXXXXXXXXX
BEIXXXXXXXXXX
Rep AvagoXXXXXXXXXX
Yuheng OpticsXXXXXXXXXX
Other CompaniesXXXXXXXXXX
TotalXXXXXXXXXX


image.png


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