Market Overview:
The global torque gauge market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for torque gauges from various end-use industries, such as medical device industry, automotive industry, aerospace industry and others. In addition, factors such as technological advancements and rising awareness about safety are also contributing to the growth of this market. On the basis of type, handheld torque gauge held a major share of the global torque gauge market in 2017. This can be attributed to its features such as portability and easy operation which make it suitable for use in various applications across different industries.
Product Definition:
The torque gauge is an instrument that is used to measure the amount of torque that is being applied to a specific object. The importance of the torque gauge is that it allows for precise measurements to be taken, which can then be used to ensure that objects are being properly secured or tightened.
Handheld Torque Gauge:
Handheld torque gauges are instruments that measure torque in a hand-held device. Torque is the turning force or moment of resistance and can be defined as the rate of rotation through an axis angle. The most common forms include wrenches, screwdrivers, test equipment, etc. Handheld torque gauges have applications in various industries such as automotive & transportation, manufacturing & construction and electronics among others.
Tabletop Torque Gauge:
The torque measurement is a standard unit of measure for turning force. It is measured in either foot-pounds or inch-pounds depending on the instrument. The common types of torque gauges are handheld and benchtop variants. Handheld devices are preferred by automotive technicians as they can be used in tight spaces where other tools cannot reach such as bolts that are inside the engine block.
Application Insights:
The automotive industry accounted for the largest share of over 30.0% in 2017 and is expected to grow at a significant rate during the forecast period. The growing demand for electric vehicles across the globe is anticipated to increase product demand in this application segment. Torque gauges are used to measure torque, which is applied by an engine or motor and measured by a gauge mechanism attached with it. These devices help determine if an engine or motor has enough power resources and also indicate if any repairs are required on-site before operating an automobile safely again.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing manufacturing activities, especially in China and India. Growing automotive production, medical device industry, construction activities are anticipated to drive product demand over the forecast period.
The growing industrialization coupled with favorable government policies aimed at promoting investments in various sectors including energy & power; transportation & logistics; oil & gas; construction materials etc., have contributed significantly towards regional market growth. In addition, rising disposable income levels and rapid urbanization are also expected to drive product demand over the next eight years.
Europe accounted for a significant share of revenue owing to high adoption rates for advanced torque tools across several industries such as aerospace & defense industry; automotive industry etc.
Growth Factors:
- Increasing demand for torque gauges from the automotive industry as a result of the increasing production of passenger cars and commercial vehicles.
- Growing demand for torque gauges from the aerospace industry due to increasing aircraft orders across the globe.
- Rising popularity of electric and hybrid vehicles, which require efficient monitoring of torque levels to ensure smooth functioning.
- Increasing adoption of torque gauges in manufacturing and industrial sectors for quality control purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Torque Gauge Market Research Report
By Type
Handheld Torque Gauge, Tabletop Torque Gauge
By Application
Medical Device Industry, Automotive Industry, Aerospace Industry, Others
By Companies
WEBER Schraubautomaten, Crown Oilfield Instrumentation, Snap-on, SUPER TOOL, Tohnichi, Scientific Industries, IMADA, Mark-10, Spectris, Com-Ten Industries, PCE Deutschland, ELECTROMATIC Equipment
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Torque Gauge Market Report Segments:
The global Torque Gauge market is segmented on the basis of:
Types
Handheld Torque Gauge, Tabletop Torque Gauge
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
Medical Device Industry, Automotive Industry, Aerospace Industry, Others
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:
- WEBER Schraubautomaten
- Crown Oilfield Instrumentation
- Snap-on
- SUPER TOOL
- Tohnichi
- Scientific Industries
- IMADA
- Mark-10
- Spectris
- Com-Ten Industries
- PCE Deutschland
- ELECTROMATIC Equipment
Highlights of The Torque Gauge 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:
- Handheld Torque Gauge
- Tabletop Torque Gauge
- By Application:
- Medical Device Industry
- Automotive Industry
- Aerospace Industry
- Others
- 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 Gauge 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 gauge is a tool used to measure the torque (force) applied to an object.
Some of the key players operating in the torque gauge market are WEBER Schraubautomaten, Crown Oilfield Instrumentation, Snap-on, SUPER TOOL, Tohnichi, Scientific Industries, IMADA, Mark-10, Spectris, Com-Ten Industries, PCE Deutschland, ELECTROMATIC Equipment.
The torque gauge market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Torque Gauge Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Torque Gauge Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Torque Gauge Market - Supply Chain
4.5. Global Torque Gauge Market Forecast
4.5.1. Torque Gauge Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Torque Gauge Market Size (000 Units) and Y-o-Y Growth
4.5.3. Torque Gauge Market Absolute $ Opportunity
5. Global Torque Gauge Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Torque Gauge Market Size and Volume Forecast by Type
5.3.1. Handheld Torque Gauge
5.3.2. Tabletop Torque Gauge
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Torque Gauge Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Torque Gauge Market Size and Volume Forecast by Application
6.3.1. Medical Device Industry
6.3.2. Automotive Industry
6.3.3. Aerospace Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Torque Gauge Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Torque Gauge Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Torque Gauge Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Torque Gauge Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Torque Gauge Demand Share Forecast, 2019-2026
9. North America Torque Gauge Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Torque Gauge Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Torque Gauge Market Size and Volume Forecast by Application
9.4.1. Medical Device Industry
9.4.2. Automotive Industry
9.4.3. Aerospace Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Torque Gauge Market Size and Volume Forecast by Type
9.7.1. Handheld Torque Gauge
9.7.2. Tabletop Torque Gauge
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Torque Gauge Demand Share Forecast, 2019-2026
10. Latin America Torque Gauge Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Torque Gauge Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Torque Gauge Market Size and Volume Forecast by Application
10.4.1. Medical Device Industry
10.4.2. Automotive Industry
10.4.3. Aerospace Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Torque Gauge Market Size and Volume Forecast by Type
10.7.1. Handheld Torque Gauge
10.7.2. Tabletop Torque Gauge
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Torque Gauge Demand Share Forecast, 2019-2026
11. Europe Torque Gauge Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Torque Gauge Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Torque Gauge Market Size and Volume Forecast by Application
11.4.1. Medical Device Industry
11.4.2. Automotive Industry
11.4.3. Aerospace Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Torque Gauge Market Size and Volume Forecast by Type
11.7.1. Handheld Torque Gauge
11.7.2. Tabletop Torque Gauge
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/rowth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Torque Gauge Demand Share, 2019-2026
12. Asia Pacific Torque Gauge Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Torque Gauge Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Torque Gauge Market Size and Volume Forecast by Application
12.4.1. Medical Device Industry
12.4.2. Automotive Industry
12.4.3. Aerospace Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Torque Gauge Market Size and Volume Forecast by Type
12.7.1. Handheld Torque Gauge
12.7.2. Tabletop Torque Gauge
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Torque Gauge Demand Share, 2019-2026
13. Middle East & Africa Torque Gauge Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Torque Gauge Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Torque Gauge Market Size and Volume Forecast by Application
13.4.1. Medical Device Industry
13.4.2. Automotive Industry
13.4.3. Aerospace Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Torque Gauge Market Size and Volume Forecast by Type
13.7.1. Handheld Torque Gauge
13.7.2. Tabletop Torque Gauge
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Torque Gauge Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Torque Gauge Market: Market Share Analysis
14.2. Torque Gauge Distributors and Customers
14.3. Torque Gauge Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. WEBER Schraubautomaten
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Crown Oilfield Instrumentation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Snap-on
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SUPER TOOL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tohnichi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Scientific Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. IMADA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mark-10
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Spectris
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Com-Ten Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. PCE Deutschland
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ELECTROMATIC Equipment
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
