Report Detail

Machinery & Equipment Global Motor Spindles Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

  • RnM2867143
  • |
  • 17 April, 2023
  • |
  • Global
  • |
  • 118 Pages
  • |
  • GIR (Global Info Research)
  • |
  • Machinery & Equipment

This report studies the motor spindles market. Motor spindles do not rely upon an external motor to provide torque and power, the motor is included as an integral part of the spindle shaft and housing assembly. This allows the spindle to rotate at higher speeds as a complete unit, without the additional limitations of belts or gears.
According to our (Global Info Research) latest study, the global Motor Spindles market size was valued at USD 1424.1 million in 2022 and is forecast to a readjusted size of USD 2013.5 million by 2029 with a CAGR of 5.1% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global motor spindles key players include Westwind, Fischer Precise, Kessler, Siemens, Guangzhou Haozhi, etc. Global top five manufacturers hold a share about 30%. Europe is the largest market, with a share about 35%, followed by China and North America, both with a share about 20 percent. In terms of product, polling motor spindles is the largest segment, with a share about 45%. And in terms of application, the largest application is consumer electronic, followed by PCB, machinery manufacturing, automotive and aerospace, etc.
This report is a detailed and comprehensive analysis for global Motor Spindles 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 2023, are provided.
Key Features:
Global Motor Spindles market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global Motor Spindles market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global Motor Spindles market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global Motor Spindles market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2018-2023
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 Motor Spindles
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 Motor Spindles market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Westwind, Fischer Precise, Kessler, Siemens and Guangzhou Haozhi, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Motor Spindles market is split by Type and by Application. For the period 2018-2029, 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
Rolling Motor Spindles
Air Bearing Motor Spindles
Liquid Journal Motor Spindles
Others
Market segment by Application
PCB Industry
Consumer Electronic
Machinery Manufacturing
Automotive and Aerospace
Others
Major players covered
Westwind
Fischer Precise
Kessler
Siemens
Guangzhou Haozhi
IBAG Group
Nakanishi
GMN
Air Bearing
Alfred Jäger
Step-Tec
Posa
KLKJ
Heinz Fiege GmbH
SycoTec
HSD
Parfaite Tool
BENZ GmbH Werkzeugsysteme
Shenzhen Sufeng
ZYS
Celera Motion
Jiangsu Xingchen
Royal
Luoyang Bearing Research
Wuxi Bohua
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 Motor Spindles product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Motor Spindles, with price, sales, revenue and global market share of Motor Spindles from 2018 to 2023.
Chapter 3, the Motor Spindles competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Motor Spindles breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
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 2017 to 2022.and Motor Spindles market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Motor Spindles.
Chapter 14 and 15, to describe Motor Spindles sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope of Motor Spindles
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Motor Spindles Consumption Value by Type: 2018 Versus 2022 Versus 2029
    • 1.3.2 Rolling Motor Spindles
    • 1.3.3 Air Bearing Motor Spindles
    • 1.3.4 Liquid Journal Motor Spindles
    • 1.3.5 Others
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Motor Spindles Consumption Value by Application: 2018 Versus 2022 Versus 2029
    • 1.4.2 PCB Industry
    • 1.4.3 Consumer Electronic
    • 1.4.4 Machinery Manufacturing
    • 1.4.5 Automotive and Aerospace
    • 1.4.6 Others
  • 1.5 Global Motor Spindles Market Size & Forecast
    • 1.5.1 Global Motor Spindles Consumption Value (2018 & 2022 & 2029)
    • 1.5.2 Global Motor Spindles Sales Quantity (2018-2029)
    • 1.5.3 Global Motor Spindles Average Price (2018-2029)

2 Manufacturers Profiles

  • 2.1 Westwind
    • 2.1.1 Westwind Details
    • 2.1.2 Westwind Major Business
    • 2.1.3 Westwind Motor Spindles Product and Services
    • 2.1.4 Westwind Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.1.5 Westwind Recent Developments/Updates
  • 2.2 Fischer Precise
    • 2.2.1 Fischer Precise Details
    • 2.2.2 Fischer Precise Major Business
    • 2.2.3 Fischer Precise Motor Spindles Product and Services
    • 2.2.4 Fischer Precise Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.2.5 Fischer Precise Recent Developments/Updates
  • 2.3 Kessler
    • 2.3.1 Kessler Details
    • 2.3.2 Kessler Major Business
    • 2.3.3 Kessler Motor Spindles Product and Services
    • 2.3.4 Kessler Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.3.5 Kessler Recent Developments/Updates
  • 2.4 Siemens
    • 2.4.1 Siemens Details
    • 2.4.2 Siemens Major Business
    • 2.4.3 Siemens Motor Spindles Product and Services
    • 2.4.4 Siemens Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.4.5 Siemens Recent Developments/Updates
  • 2.5 Guangzhou Haozhi
    • 2.5.1 Guangzhou Haozhi Details
    • 2.5.2 Guangzhou Haozhi Major Business
    • 2.5.3 Guangzhou Haozhi Motor Spindles Product and Services
    • 2.5.4 Guangzhou Haozhi Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.5.5 Guangzhou Haozhi Recent Developments/Updates
  • 2.6 IBAG Group
    • 2.6.1 IBAG Group Details
    • 2.6.2 IBAG Group Major Business
    • 2.6.3 IBAG Group Motor Spindles Product and Services
    • 2.6.4 IBAG Group Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.6.5 IBAG Group Recent Developments/Updates
  • 2.7 Nakanishi
    • 2.7.1 Nakanishi Details
    • 2.7.2 Nakanishi Major Business
    • 2.7.3 Nakanishi Motor Spindles Product and Services
    • 2.7.4 Nakanishi Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.7.5 Nakanishi Recent Developments/Updates
  • 2.8 GMN
    • 2.8.1 GMN Details
    • 2.8.2 GMN Major Business
    • 2.8.3 GMN Motor Spindles Product and Services
    • 2.8.4 GMN Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.8.5 GMN Recent Developments/Updates
  • 2.9 Air Bearing
    • 2.9.1 Air Bearing Details
    • 2.9.2 Air Bearing Major Business
    • 2.9.3 Air Bearing Motor Spindles Product and Services
    • 2.9.4 Air Bearing Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.9.5 Air Bearing Recent Developments/Updates
  • 2.10 Alfred Jäger
    • 2.10.1 Alfred Jäger Details
    • 2.10.2 Alfred Jäger Major Business
    • 2.10.3 Alfred Jäger Motor Spindles Product and Services
    • 2.10.4 Alfred Jäger Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.10.5 Alfred Jäger Recent Developments/Updates
  • 2.11 Step-Tec
    • 2.11.1 Step-Tec Details
    • 2.11.2 Step-Tec Major Business
    • 2.11.3 Step-Tec Motor Spindles Product and Services
    • 2.11.4 Step-Tec Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.11.5 Step-Tec Recent Developments/Updates
  • 2.12 Posa
    • 2.12.1 Posa Details
    • 2.12.2 Posa Major Business
    • 2.12.3 Posa Motor Spindles Product and Services
    • 2.12.4 Posa Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.12.5 Posa Recent Developments/Updates
  • 2.13 KLKJ
    • 2.13.1 KLKJ Details
    • 2.13.2 KLKJ Major Business
    • 2.13.3 KLKJ Motor Spindles Product and Services
    • 2.13.4 KLKJ Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.13.5 KLKJ Recent Developments/Updates
  • 2.14 Heinz Fiege GmbH
    • 2.14.1 Heinz Fiege GmbH Details
    • 2.14.2 Heinz Fiege GmbH Major Business
    • 2.14.3 Heinz Fiege GmbH Motor Spindles Product and Services
    • 2.14.4 Heinz Fiege GmbH Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.14.5 Heinz Fiege GmbH Recent Developments/Updates
  • 2.15 SycoTec
    • 2.15.1 SycoTec Details
    • 2.15.2 SycoTec Major Business
    • 2.15.3 SycoTec Motor Spindles Product and Services
    • 2.15.4 SycoTec Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.15.5 SycoTec Recent Developments/Updates
  • 2.16 HSD
    • 2.16.1 HSD Details
    • 2.16.2 HSD Major Business
    • 2.16.3 HSD Motor Spindles Product and Services
    • 2.16.4 HSD Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.16.5 HSD Recent Developments/Updates
  • 2.17 Parfaite Tool
    • 2.17.1 Parfaite Tool Details
    • 2.17.2 Parfaite Tool Major Business
    • 2.17.3 Parfaite Tool Motor Spindles Product and Services
    • 2.17.4 Parfaite Tool Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.17.5 Parfaite Tool Recent Developments/Updates
  • 2.18 BENZ GmbH Werkzeugsysteme
    • 2.18.1 BENZ GmbH Werkzeugsysteme Details
    • 2.18.2 BENZ GmbH Werkzeugsysteme Major Business
    • 2.18.3 BENZ GmbH Werkzeugsysteme Motor Spindles Product and Services
    • 2.18.4 BENZ GmbH Werkzeugsysteme Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.18.5 BENZ GmbH Werkzeugsysteme Recent Developments/Updates
  • 2.19 Shenzhen Sufeng
    • 2.19.1 Shenzhen Sufeng Details
    • 2.19.2 Shenzhen Sufeng Major Business
    • 2.19.3 Shenzhen Sufeng Motor Spindles Product and Services
    • 2.19.4 Shenzhen Sufeng Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.19.5 Shenzhen Sufeng Recent Developments/Updates
  • 2.20 ZYS
    • 2.20.1 ZYS Details
    • 2.20.2 ZYS Major Business
    • 2.20.3 ZYS Motor Spindles Product and Services
    • 2.20.4 ZYS Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.20.5 ZYS Recent Developments/Updates
  • 2.21 Celera Motion
    • 2.21.1 Celera Motion Details
    • 2.21.2 Celera Motion Major Business
    • 2.21.3 Celera Motion Motor Spindles Product and Services
    • 2.21.4 Celera Motion Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.21.5 Celera Motion Recent Developments/Updates
  • 2.22 Jiangsu Xingchen
    • 2.22.1 Jiangsu Xingchen Details
    • 2.22.2 Jiangsu Xingchen Major Business
    • 2.22.3 Jiangsu Xingchen Motor Spindles Product and Services
    • 2.22.4 Jiangsu Xingchen Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.22.5 Jiangsu Xingchen Recent Developments/Updates
  • 2.23 Royal
    • 2.23.1 Royal Details
    • 2.23.2 Royal Major Business
    • 2.23.3 Royal Motor Spindles Product and Services
    • 2.23.4 Royal Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.23.5 Royal Recent Developments/Updates
  • 2.24 Luoyang Bearing Research
    • 2.24.1 Luoyang Bearing Research Details
    • 2.24.2 Luoyang Bearing Research Major Business
    • 2.24.3 Luoyang Bearing Research Motor Spindles Product and Services
    • 2.24.4 Luoyang Bearing Research Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.24.5 Luoyang Bearing Research Recent Developments/Updates
  • 2.25 Wuxi Bohua
    • 2.25.1 Wuxi Bohua Details
    • 2.25.2 Wuxi Bohua Major Business
    • 2.25.3 Wuxi Bohua Motor Spindles Product and Services
    • 2.25.4 Wuxi Bohua Motor Spindles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.25.5 Wuxi Bohua Recent Developments/Updates

3 Competitive Environment: Motor Spindles by Manufacturer

  • 3.1 Global Motor Spindles Sales Quantity by Manufacturer (2018-2023)
  • 3.2 Global Motor Spindles Revenue by Manufacturer (2018-2023)
  • 3.3 Global Motor Spindles Average Price by Manufacturer (2018-2023)
  • 3.4 Market Share Analysis (2022)
    • 3.4.1 Producer Shipments of Motor Spindles by Manufacturer Revenue ($MM) and Market Share (%): 2022
    • 3.4.2 Top 3 Motor Spindles Manufacturer Market Share in 2022
    • 3.4.2 Top 6 Motor Spindles Manufacturer Market Share in 2022
  • 3.5 Motor Spindles Market: Overall Company Footprint Analysis
    • 3.5.1 Motor Spindles Market: Region Footprint
    • 3.5.2 Motor Spindles Market: Company Product Type Footprint
    • 3.5.3 Motor Spindles 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 Motor Spindles Market Size by Region
    • 4.1.1 Global Motor Spindles Sales Quantity by Region (2018-2029)
    • 4.1.2 Global Motor Spindles Consumption Value by Region (2018-2029)
    • 4.1.3 Global Motor Spindles Average Price by Region (2018-2029)
  • 4.2 North America Motor Spindles Consumption Value (2018-2029)
  • 4.3 Europe Motor Spindles Consumption Value (2018-2029)
  • 4.4 Asia-Pacific Motor Spindles Consumption Value (2018-2029)
  • 4.5 South America Motor Spindles Consumption Value (2018-2029)
  • 4.6 Middle East and Africa Motor Spindles Consumption Value (2018-2029)

5 Market Segment by Type

  • 5.1 Global Motor Spindles Sales Quantity by Type (2018-2029)
  • 5.2 Global Motor Spindles Consumption Value by Type (2018-2029)
  • 5.3 Global Motor Spindles Average Price by Type (2018-2029)

6 Market Segment by Application

  • 6.1 Global Motor Spindles Sales Quantity by Application (2018-2029)
  • 6.2 Global Motor Spindles Consumption Value by Application (2018-2029)
  • 6.3 Global Motor Spindles Average Price by Application (2018-2029)

7 North America

  • 7.1 North America Motor Spindles Sales Quantity by Type (2018-2029)
  • 7.2 North America Motor Spindles Sales Quantity by Application (2018-2029)
  • 7.3 North America Motor Spindles Market Size by Country
    • 7.3.1 North America Motor Spindles Sales Quantity by Country (2018-2029)
    • 7.3.2 North America Motor Spindles Consumption Value by Country (2018-2029)
    • 7.3.3 United States Market Size and Forecast (2018-2029)
    • 7.3.4 Canada Market Size and Forecast (2018-2029)
    • 7.3.5 Mexico Market Size and Forecast (2018-2029)

8 Europe

  • 8.1 Europe Motor Spindles Sales Quantity by Type (2018-2029)
  • 8.2 Europe Motor Spindles Sales Quantity by Application (2018-2029)
  • 8.3 Europe Motor Spindles Market Size by Country
    • 8.3.1 Europe Motor Spindles Sales Quantity by Country (2018-2029)
    • 8.3.2 Europe Motor Spindles Consumption Value by Country (2018-2029)
    • 8.3.3 Germany Market Size and Forecast (2018-2029)
    • 8.3.4 France Market Size and Forecast (2018-2029)
    • 8.3.5 United Kingdom Market Size and Forecast (2018-2029)
    • 8.3.6 Russia Market Size and Forecast (2018-2029)
    • 8.3.7 Italy Market Size and Forecast (2018-2029)

9 Asia-Pacific

  • 9.1 Asia-Pacific Motor Spindles Sales Quantity by Type (2018-2029)
  • 9.2 Asia-Pacific Motor Spindles Sales Quantity by Application (2018-2029)
  • 9.3 Asia-Pacific Motor Spindles Market Size by Region
    • 9.3.1 Asia-Pacific Motor Spindles Sales Quantity by Region (2018-2029)
    • 9.3.2 Asia-Pacific Motor Spindles Consumption Value by Region (2018-2029)
    • 9.3.3 China Market Size and Forecast (2018-2029)
    • 9.3.4 Japan Market Size and Forecast (2018-2029)
    • 9.3.5 Korea Market Size and Forecast (2018-2029)
    • 9.3.6 India Market Size and Forecast (2018-2029)
    • 9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
    • 9.3.8 Australia Market Size and Forecast (2018-2029)

10 South America

  • 10.1 South America Motor Spindles Sales Quantity by Type (2018-2029)
  • 10.2 South America Motor Spindles Sales Quantity by Application (2018-2029)
  • 10.3 South America Motor Spindles Market Size by Country
    • 10.3.1 South America Motor Spindles Sales Quantity by Country (2018-2029)
    • 10.3.2 South America Motor Spindles Consumption Value by Country (2018-2029)
    • 10.3.3 Brazil Market Size and Forecast (2018-2029)
    • 10.3.4 Argentina Market Size and Forecast (2018-2029)

11 Middle East & Africa

  • 11.1 Middle East & Africa Motor Spindles Sales Quantity by Type (2018-2029)
  • 11.2 Middle East & Africa Motor Spindles Sales Quantity by Application (2018-2029)
  • 11.3 Middle East & Africa Motor Spindles Market Size by Country
    • 11.3.1 Middle East & Africa Motor Spindles Sales Quantity by Country (2018-2029)
    • 11.3.2 Middle East & Africa Motor Spindles Consumption Value by Country (2018-2029)
    • 11.3.3 Turkey Market Size and Forecast (2018-2029)
    • 11.3.4 Egypt Market Size and Forecast (2018-2029)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
    • 11.3.6 South Africa Market Size and Forecast (2018-2029)

12 Market Dynamics

  • 12.1 Motor Spindles Market Drivers
  • 12.2 Motor Spindles Market Restraints
  • 12.3 Motor Spindles 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
  • 12.5 Influence of COVID-19 and Russia-Ukraine War
    • 12.5.1 Influence of COVID-19
    • 12.5.2 Influence of Russia-Ukraine War

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Motor Spindles and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Motor Spindles
  • 13.3 Motor Spindles Production Process
  • 13.4 Motor Spindles Industrial Chain

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Motor Spindles Typical Distributors
  • 14.3 Motor Spindles 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 Motor Spindles . Industry analysis & Market Report on Motor Spindles is a syndicated market report, published as Global Motor Spindles Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Motor Spindles market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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