Torque Testers Market

Torque Testers Market Overview

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.

Which are the Trends Fueling Sales of Torque Testers?

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.

Which Factors are Limiting Sales of Torque Testers?

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.

How will the Sales of Torque Testers Fare in North America?

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.

Will Asia Pacific Emerge as an Attractive Market for 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.

Market Competition

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.

Scope of Report

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
Segments Covered	Function Type Product Type Modularity Application Region
Regions Covered	North America Latin America Western Europe Eastern Europe APEJ Japan Middle East and Africa
Key Countries Profiled	U.S Canada Brazil Argentina Germany U.K France Spain Italy Nordics BENELUX Australia & New Zealand China India ASEAN GCC South Africa
Key Companies Profiled	Cole-Parmer Instrument Company, LLC Yokota Sundoo Mark-10 Sauter Extech Imada Shigan Shimpo Dillon PCE Instruments Norbar Ametek Mecmesin Mountz
Customization	Available Upon Request

Key Segments Profiled in the Torque Testers Market

Function Type:

• Electric
• Hydraulic
• Mechanical
• Pneumatic

Product Type:

• Torque Gauges
• Torque Testers
• Torque Calibrators
• Torque Meter
• Screwdrivers Torque Testers
• Others

Modularity:

• Handheld
• Portable
• Bench Top

Application:

• Electrical and Electronics Manufacturing
• Automobile and Aerospace Industry
• Plastic and Polymer Manufacturing
• Machinery Manufacturing Industry

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East & Africa