The global torque testers market is estimated to reach a valuation of around US$ 11 Bn in 2022, exhibiting growth at CAGR of 6% - 7% during the forecast period. With rising demand for high performance and quality standardization of tools, sales of torque testers is estimated to exceed US$ 13 Bn by the end of 2032.
| Report Attribute | Details |
| Torque Testers Market Expected Market Value (2022) | US$ 11 Bn |
| Torque Testers Market Anticipated Forecast Value (2032) | US$ 13 Billion |
| Torque Testers Market Projected Growth Rate (2022-2032) | 6% - 7% CAGR |
Torque tester is a quality control instrument that is used to check, calibrate, and measure torque-controlled systems. In addition to this, ongoing research and development (R&D) activities in the field of torque testers are increasing its application in wrench and handheld instruments. Driven by this, sales of torque testers are estimated to surge in the forthcoming years.
Advancements in torque testers such as the introduction of transducer, self-calibration system, alarm systems, programmable set points, and indicators are projected to propel the demand in the market.
Accuracy in the rapid and reactionless operation offered by the torque testers is boosting its application in contemporary production lines. This is will continue augmenting sales in the market.
Increasing demand for the measurement of torque output during repair and maintenance of tools and devices is likely to bolster the growth in the market.
Additionally, valuable features of torque testers such as operation in three different modes including track, 1st peak and peak, along with conversion into 8 engineering units such as kgf-cm, N-m, cN-m, in-oz, ft-lb, in-lb, kgf-fm, and gf-cm.
With the advent of Industry 4.0, industrial robotics, and smart factory concepts, the measurement of torque in diverse tools produced in automotive industry, aerospace, and defense, medical, test & measurement, and industrial sectors is increasing. This is likely to fuel sales of torque testers in the near future.
Apart from this, increasing usage of torque testers for high quality and performance optimization of crankshaft, helicopter tail rotor, engine, transmission, gearbox, bicycle crank, and other rotating systems will drive the market.
Lack of skilled professionals for the handling and calibration of torque testers in various industries is expected to restrain demand in the market. Also, frequent accuracy-related errors associated with the torque testers are projected to inhibit sales.
Besides this, high prices of torque testers make it unaffordable for the new entrants and small and medium enterprises, which may have a negative impact on the growth in the market.
According to Future Market Insights (FMI), North America is estimated to be one of the prominent regions in the global torque testers market amid growing technological advancements such as the incorporation of digital and wireless components in torque measurement systems.
Increasing adoption of technologically advanced testing equipment in automotive, aerospace & defense and other core end-use verticals in the U.S. will bolster the growth in the market.
Furthermore, growing reliance on the concept of automation and Industry 4.0 in North America will pave way for wider application of torque testers.
Rapid industrialization in the region is boosting applications of automation technologies and manufacturing practices in developing countries such as India and China. This is anticipated to spur demand for torque gauges, calibrators, and testers in the forthcoming years.
Furthermore, growing investments in industries such as automotive, steel, chemical/petrochemical, power, and oil & gas sectors is projected to fuel the demand for optimization of tools or devices. Such initiatives are likely to create prolific opportunities for the market in Asia-Pacific.
Major players dominating the global torque testers market include Cole-Parmer Instrument Company, LLC, Yokota, Sundoo, Mark-10, Sauter, Extech, Imada, Shigan, Shimpo, Dillon, PCE Instruments, Norbar, Ametek, Mecmesin, and Mountz, among others.
Manufacturers are developing advanced torque testers with self-calibration systems, transducer technology, and other features to meet the needs of the consumers, thereby expanding their consumer base.
| Report Attribute | Details |
| Growth Rate | 6% - 7% CAGR |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in US$ Bn, and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
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The overall sales of torque testers are projected to reach a value of around US$ 11 Bn in 2022.
North America is estimated to dominate the torque testers market amid the rising demand for technological advancements in torque measurement systems.
The global torque testers market is estimated to account for a valuation of US$ 13 Bn by the end of 2032.
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Torque Testers Market
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