Market Overview:
The global torque analyzer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for torque analyzers from laboratory and research institutions, industrial, and other applications. Additionally, the growing demand for electric type torque analyzers is also contributing to the growth of the global torque analyzer market. However, factors such as high cost of electric type torque analyzers may restrain the growth of this market during the forecast period.
Product Definition:
Torque Analyzers are used to measure the torque of a rotating object. They can be used to find the rotational speed, power, and moment of inertia of an object.
Manual Type:
The manual type is a torque measurement device that uses a hand-operated rotary dial to measure torque. It is mainly used for testing the mechanical properties of materials and also provides an easy way to perform tests on small samples. The manual type has been in use since early times, as it was developed before the advent of electronic computers and digital signal processing.
The global Torque Analyzer market size was valued at USD 1,849.1 million in 2016.
Electric Type:
Electric type torque analyzers are used to measure the torque in electric motors. Torque is a rotational force and its measurement is done by an electronic device called stator, which produces small fluctuations in current and measures the resultant force on a rotor. The main function of this device is to detections errors that may occur due to misalignment of teeth or gear, or any other reason.
Application Insights:
The laboratory and research institutions segment dominated the global torque analyzer market in 2017. This is attributed to the rising number of academic institutions, government-sponsored laboratories and industrial facilities that require advanced technological products for various applications. Torque analyzers are used for testing different types of machines & equipment in order to determine their maximum safe operating speed by measuring the rotational speed at which a machine or an assembly will start to move or shake. The other application segment includes automotive, construction and agriculture among others.
In recent years, there has been an increase in demand for electric type torqueAnalyzers (TAs) due to their ease of use along with high accuracy levels required from these devices during manufacturing processes such as CNC machining centers & robots on account of improved control over production lines as well as time management while scheduling machining operations using these devices.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue in 2017. This is attributed to the presence of a large number of research and academic institutes, which require high-precision torque measurement equipment for carrying out research activities. The region will retain its dominant position throughout the forecast period on account of increasing R&D spending by various companies and rising industrial production across emerging economies such as China, India, Japan, South Korea and Taiwan.
The growing manufacturing sector is expected to drive demand for industrial Torque Analyzers in Europe over the forecast period. The European market was valued at USD X million in 2017 owing to increased adoption across several industries including automotive, construction machinery etc., especially after EU regulations came into effect making it mandatory for all vehicles manufactured there to be equipped with anti-lock braking system (ABS) and electronic stability program (ESP).
Growth Factors:
- Increasing demand for torque analyzers from the automotive industry as a result of the increasing production of passenger cars and commercial vehicles.
- Growing demand for torque analyzers from the aerospace and defense sector due to increasing investments in new aircraft programs and upgrades to existing aircraft fleets.
- Increasing use of torque analyzers in research and development activities by Original Equipment Manufacturers (OEMs) and Tier 1 suppliers to develop new products or improve the performance of existing products.
- Rising popularity of lightweight materials such as composites, which require accurate measurement of torques during manufacturing, assembly, and testing processes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Torque Analyzer Market Research Report
By Type
Manual Type, Electric Type
By Application
Laboratory and Research Institutions, Industrial, Other
By Companies
Ingersoll Rand, Mountz, ANDILOG TECHNOLOGIES, Sturtevant Richmont, Desoutter, Advanced Witness Series，Inc, BAHCO, IMADA Incorporated, PCE Deutschland GmbH, Wesco Production Tools Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Torque Analyzer Market Report Segments:
The global Torque Analyzer market is segmented on the basis of:
Types
Manual Type, Electric Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Laboratory and Research Institutions, Industrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ingersoll Rand
- Mountz
- ANDILOG TECHNOLOGIES
- Sturtevant Richmont
- Desoutter
- Advanced Witness Series，Inc
- BAHCO
- IMADA Incorporated
- PCE Deutschland GmbH
- Wesco Production Tools Ltd
Highlights of The Torque Analyzer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual Type
- Electric Type
- By Application:
- Laboratory and Research Institutions
- Industrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Torque Analyzer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Torque Analyzer is a software that helps you to measure the torque and power of your engine. It can also help you to diagnose problems with your engine.
Some of the major players in the torque analyzer market are Ingersoll Rand, Mountz, ANDILOG TECHNOLOGIES, Sturtevant Richmont, Desoutter, Advanced Witness Series，Inc, BAHCO, IMADA Incorporated, PCE Deutschland GmbH, Wesco Production Tools Ltd.
The torque analyzer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Torque Analyzer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Torque Analyzer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Torque Analyzer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Torque Analyzer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Torque Analyzer Market Size & Forecast, 2018-2028
4.5.1 Torque Analyzer Market Size and Y-o-Y Growth
4.5.2 Torque Analyzer Market Absolute $ Opportunity
Chapter 5 Global Torque Analyzer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Torque Analyzer Market Size Forecast by Type
5.2.1 Manual Type
5.2.2 Electric Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Torque Analyzer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Torque Analyzer Market Size Forecast by Applications
6.2.1 Laboratory and Research Institutions
6.2.2 Industrial
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Torque Analyzer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Torque Analyzer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Torque Analyzer Analysis and Forecast
9.1 Introduction
9.2 North America Torque Analyzer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Torque Analyzer Market Size Forecast by Type
9.6.1 Manual Type
9.6.2 Electric Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Torque Analyzer Market Size Forecast by Applications
9.10.1 Laboratory and Research Institutions
9.10.2 Industrial
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Torque Analyzer Analysis and Forecast
10.1 Introduction
10.2 Europe Torque Analyzer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Torque Analyzer Market Size Forecast by Type
10.6.1 Manual Type
10.6.2 Electric Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Torque Analyzer Market Size Forecast by Applications
10.10.1 Laboratory and Research Institutions
10.10.2 Industrial
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Torque Analyzer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Torque Analyzer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Torque Analyzer Market Size Forecast by Type
11.6.1 Manual Type
11.6.2 Electric Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Torque Analyzer Market Size Forecast by Applications
11.10.1 Laboratory and Research Institutions
11.10.2 Industrial
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Torque Analyzer Analysis and Forecast
12.1 Introduction
12.2 Latin America Torque Analyzer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Torque Analyzer Market Size Forecast by Type
12.6.1 Manual Type
12.6.2 Electric Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Torque Analyzer Market Size Forecast by Applications
12.10.1 Laboratory and Research Institutions
12.10.2 Industrial
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Torque Analyzer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Torque Analyzer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Torque Analyzer Market Size Forecast by Type
13.6.1 Manual Type
13.6.2 Electric Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Torque Analyzer Market Size Forecast by Applications
13.10.1 Laboratory and Research Institutions
13.10.2 Industrial
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Torque Analyzer Market: Competitive Dashboard
14.2 Global Torque Analyzer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ingersoll Rand
14.3.2 Mountz
14.3.3 ANDILOG TECHNOLOGIES
14.3.4 Sturtevant Richmont
14.3.5 Desoutter
14.3.6 Advanced Witness Series，Inc
14.3.7 BAHCO
14.3.8 IMADA Incorporated
14.3.9 PCE Deutschland GmbH
14.3.10 Wesco Production Tools Ltd
