The global torque meters market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for torque meters in various industries such as medical institutions and industrial organizations. The medical industry is one of the major end-users of torque meters, which are used for measuring the force applied on a joint or bone during surgery. In addition, these devices are also used in orthopedic surgeries and other surgical procedures that require accurate measurements of force applied on joints or bones. Furthermore, these devices are also used in various industrial applications such as manufacturing plants and automotive assembly lines where they measure forces exerted by machinery on components or parts being assembled. The analog ray torque meter segment accounted for more than half (55%) share in 2017 owing to its low cost and easy installation process compared with digital ray torque meter segment which accounted for 45% share in 2017 due to its high accuracy level and ability to measure small forces accurately. However, with technological advancements taking place rapidly across all industries including healthcare sector, digital ray torque meter segment is expected to grow at a higher CAGR than analog ray torque meter segment during the forecast period from 2021-2030 due to their high accuracy levels that make them suitable for use across various sectors including healthcare sector where accurate measurements are required while performing surgical procedures such as orthopedic surgeries and other surgical procedures that require accurate measurements of force applied on joints or bones among others.
- The increasing demand for torque meters in the automotive industry is a major factor driving the growth of this market.
- The increasing need for accurate and reliable torque measurement in various industries such as aerospace, automotive, and construction is also driving the growth of this market.
- The growing need to measure torque accurately without any human intervention is also a factor that will drive the growth of this market over the forecast period.
- Increasing use of digital technologies in various industries such as aerospace, automotive, and construction will also drive the growth of this market over the forecast period.
- Increasing demand for low-cost torque meters with high accuracy levels will be another factor that will drive the growth of this market over the forecast period.
Industry Growth Insights published a new data on “Torque Meters Market”. The research report is titled “Torque Meters Market research by Types (Analog X-Ray Torque Meters, Digital X-Ray Torque Meters), By Applications (Medical Institution, Industrial Organization, Others), By Players/Companies Ametek, PCE Instruments, Shimpo, Sauter, Mountz, Mecmesin, Extech, SHITO, AMICO, Imada, Mark-10, Dillon, Norbarn, Shigan, Sundoo, Alluris, Skidmore-Wilhelm”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Torque Meters Market Research Report
By Type
Analog X-Ray Torque Meters, Digital X-Ray Torque Meters
By Application
Medical Institution, Industrial Organization, Others
By Companies
Ametek, PCE Instruments, Shimpo, Sauter, Mountz, Mecmesin, Extech, SHITO, AMICO, Imada, Mark-10, Dillon, Norbarn, Shigan, Sundoo, Alluris, Skidmore-Wilhelm
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 Meters Market Report Segments:
The global Torque Meters market is segmented on the basis of:
Types
Analog X-Ray Torque Meters, Digital X-Ray Torque Meters
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 Institution, Industrial Organization, 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:
- Ametek
- PCE Instruments
- Shimpo
- Sauter
- Mountz
- Mecmesin
- Extech
- SHITO
- AMICO
- Imada
- Mark-10
- Dillon
- Norbarn
- Shigan
- Sundoo
- Alluris
- Skidmore-Wilhelm
Highlights of The Torque Meters 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:
- Analog X-Ray Torque Meters
- Digital X-Ray Torque Meters
- By Application:
- Medical Institution
- Industrial Organization
- 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 Meters 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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 meters are devices that measure the amount of torque applied to a rotating or moving object. They can be used in a variety of applications, such as automotive and industrial manufacturing, machine tool operation, and construction.
Some of the major players in the torque meters market are Ametek, PCE Instruments, Shimpo, Sauter, Mountz, Mecmesin, Extech, SHITO, AMICO, Imada, Mark-10, Dillon, Norbarn, Shigan, Sundoo, Alluris, Skidmore-Wilhelm.
The torque meters market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Torque Meters 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 Meters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Torque Meters Market - Supply Chain
4.5. Global Torque Meters Market Forecast
4.5.1. Torque Meters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Torque Meters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Torque Meters Market Absolute $ Opportunity
5. Global Torque Meters 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 Meters Market Size and Volume Forecast by Type
5.3.1. Analog X-Ray Torque Meters
5.3.2. Digital X-Ray Torque Meters
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Torque Meters 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 Meters Market Size and Volume Forecast by Application
6.3.1. Medical Institution
6.3.2. Industrial Organization
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Torque Meters 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 Meters 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 Meters 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 Meters 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 Meters Demand Share Forecast, 2019-2026
9. North America Torque Meters 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 Meters 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 Meters Market Size and Volume Forecast by Application
9.4.1. Medical Institution
9.4.2. Industrial Organization
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Torque Meters Market Size and Volume Forecast by Type
9.7.1. Analog X-Ray Torque Meters
9.7.2. Digital X-Ray Torque Meters
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 Meters Demand Share Forecast, 2019-2026
10. Latin America Torque Meters 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 Meters 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 Meters Market Size and Volume Forecast by Application
10.4.1. Medical Institution
10.4.2. Industrial Organization
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Torque Meters Market Size and Volume Forecast by Type
10.7.1. Analog X-Ray Torque Meters
10.7.2. Digital X-Ray Torque Meters
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 Meters Demand Share Forecast, 2019-2026
11. Europe Torque Meters 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 Meters 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 Meters Market Size and Volume Forecast by Application
11.4.1. Medical Institution
11.4.2. Industrial Organization
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Torque Meters Market Size and Volume Forecast by Type
11.7.1. Analog X-Ray Torque Meters
11.7.2. Digital X-Ray Torque Meters
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by ype
11.10. Market Attractiveness/Growth 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 Meters Demand Share, 2019-2026
12. Asia Pacific Torque Meters 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 Meters 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 Meters Market Size and Volume Forecast by Application
12.4.1. Medical Institution
12.4.2. Industrial Organization
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Torque Meters Market Size and Volume Forecast by Type
12.7.1. Analog X-Ray Torque Meters
12.7.2. Digital X-Ray Torque Meters
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 Meters Demand Share, 2019-2026
13. Middle East & Africa Torque Meters 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 Meters 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 Meters Market Size and Volume Forecast by Application
13.4.1. Medical Institution
13.4.2. Industrial Organization
13.4.3. 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 Meters Market Size and Volume Forecast by Type
13.7.1. Analog X-Ray Torque Meters
13.7.2. Digital X-Ray Torque Meters
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 Meters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Torque Meters Market: Market Share Analysis
14.2. Torque Meters Distributors and Customers
14.3. Torque Meters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ametek
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PCE Instruments
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shimpo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sauter
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mountz
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mecmesin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Extech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SHITO
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AMICO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Imada
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mark-10
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Dillon
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Norbarn
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shigan
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sundoo
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Alluris
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Skidmore-Wilhelm
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