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Torsion Tester Market

Market Insights on Torsion Tester covering sales outlook, demand forecast & up-to-date key trends

Torsion Tester Market by Product Test, Frequency Range, Material Type, End Use Application & Region - Forecast 2022 - 2032

Torsion Tester Market Snapshot (2022-2032)

Global torsion tester demand is anticipated to be valued at US$ 24 Billion in 2022, forecast to grow at a CAGR of 5% to be valued at US$ 39.09 Billion from 2022 to 2032. The growing demand for torsion testers is due to the availability of different operation technologies such as electromechanical, electric and servo hydraulic.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 22.86 Billion

Expected Market Value (2022)

US$ 24 Billion

Anticipated Forecast Value (2032)

US$ 39.09 Billion

Projected Growth Rate (2022-2032)

5% CAGR

Torsion tester consists of a test controller, testing software with easy setup, testing table with rotary motor or actuator, position sensors and power source. Torsion tester is available in both vertical and horizontal orientation. Torsion tester is used for the analysis of torsional strength of different materials such as metals, plastic, composites, wood etc.

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Which are Some Prominent Drivers Spearheading Torsion Tester Market Growth?

Growing population and increased urbanization is leading to a surge in building and construction activities. Growth of the building & construction industry will propel the demand for torsion testers. Growing automotive production owing to the increasing spending capacity, has led to the growth of the automotive industry.

Growth of the automotive industry will fuel the demand for torsion testers. Owing to the constant research and development activities and advancement of medical science is boosting the demand for torsion testers for testing of medical devices.

Growth of the aerospace industry and increasing metal fabrication activities due to growing industrialization across the world is increasing the demand for torsion testers. Increasing focus towards maintaining quality of products and keeping the safety standards and norms are among the other factors responsible for the growth of torsion tester market.

Rising emphasis towards product innovation and modification is having a positive impact on the torsion tester market. Slightly less product awareness and high price of torsion testers will hinder the growth of torsion tester market.

Region-wise Insights

Why is the Asia Pacific Region Emerging as an Opportunistic Torsion tester Market? 

Increasing population and urbanization along with technological advancement is leading to the growth of building & construction industry in Asia Pacific region, also there is increasing automotive production and industrialization in Asia Pacific region, owing to the above factors Asia Pacific is estimated to be a prominent market for torsion tester.

How is Europe and North America Region Contributing to Growth of the Torsion Tester Market? 

According to Future Market Insights, there is predominance of the automotive industry in the Europe region, also the increasing building and construction activities makes Europe a significant market for torsion testers. In the regions such as North America there is significant presence of the automotive & aerospace industry.

Also, an increase in building and construction projects and growing industrialization is expected to make North America a potential market. Regions such as Latin America along with Middle East & Africa will together make a potential market for torsion testers owing to the increasing demand from various end use applications.

Nikhil Kaitwade
Principal Consultant
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Market Competition

Currently, the market is considerably competitive, with continuous product and technology developments by established as well as new players. Some of the key players in the torsion tester market are Shimadzu Corporation, Test Resources, FORM+TEST GmbH, Gotech Testing Machines Inc., Qualitest International Inc., Illinois Tool Works Inc., Tinius Olsen TMC, and Nordson Corporation among others.

Attributed to the presence of such a high number of participants, the market is highly competitive. a torsion tester market report also contains projections using a suitable set of assumptions and methodologies. Global torsion tester research report provides analysis and information according to market segments such as geographies, application, and industry. Globally, the torsion tester market is expected to be fragmented in nature owing to the presence of a large number of players in the local as well as global market.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5% from 2022 to 2032

Market Value for 2022

US$ 24 Billion

Market Value for 2032

US$ 39.09 Billion

Base Year for Estimation

2021

Historical Data

2015-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Type
  • Frequency Range
  • Material Type
  • End-use 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
  • Mexico
  • Chile
  • Peru
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Russia
  • Poland
  • China
  • India
  • ASEAN
  • South Korea
  • GCC
  • South Africa
  • Turkey

Key Companies Profiled

  • Shimadzu Corporation
  • Test Resources
  • FORM+TEST GmbH
  • Gotech Testing Machines Inc.
  • Qualitest International Inc.
  • Illinois Tool Works Inc.
  • Tinius Olsen TMC
  • Nordson Corporation

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Key Segments Profiled in the Torsion Tester Industry Survey

Torsion Tester Market by Type:

  • Electromechanical Torsion Testers
  • Electric Torsion Testers
  • Servo Hydraulic Torsion Testers

Torsion Tester Market by Frequency Range:

  • Torsion Testers below 10 Hz
  • Torsion Testers from 10-15 Hz
  • Torsion Testers above 15 Hz

Torsion Tester Market by Material Type:

  • Plastic Torsion Testers
  • Wood Torsion Testers
  • Composite Torsion Testers
  • Metal Torsion Testers

Torsion Tester Market by End Use Application:

  • Torsion Tester for Building & Construction
  • Torsion Tester for Automotive
  • Torsion Tester for Aerospace
  • Torsion Tester for Medical Applications
  • Torsion Tester for Metal Fabrication
  • Torsion Tester for Other Applications

Torsion Tester Market by Region:

  • North America Torsion Tester Market
  • Latin America Torsion Tester Market
  • Western Europe Torsion Tester Market
  • Eastern Europe Torsion Tester Market
  • APEJ Torsion Tester Market
  • Japan Torsion Tester Market
  • Middle East and Africa Torsion Tester Market

Frequently Asked Questions

FMI projects the global torsion tester market to expand at a 5% value CAGR by 2032

Asia Pacific is expected to be the most opportunistic torsion tester market.

Shimadzu Corporation, Test Resources, and FORM+TEST GmbH, are some prominent torsion tester manufacturers.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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