Torque Tester Market: Global Industry Analysis and Forecast (2023-2029)

Global Torque Tester Market size was valued at US$ 7.84 Bn. in 2022 and the total revenue is expected to grow at 7% through 2023 to 2029, reaching nearly US$ 12.59 Bn.
Torque Tester Market Overview:
Torque testers are used to test or calibrate torque-controlled instruments as a quality control device. Electronic torque wrenches, click torque wrenches, dial torque wrenches, electric screwdrivers, air screwdrivers, pulse tools, cordless screwdrivers, nutrunners, and torque screwdrivers are all examples of this type of tool. Advanced torque testers can measure in both clockwise and counterclockwise directions, convert to eight engineering units and have three modes of operation (peak, 1st peak, track). They also come with a National Institute of Standards and Technology (NIST) certificate (or its domestic pendant).To know about the Research Methodology :- Request Free Sample Report

Torque testers are used in quality control in a variety of areas, including medical devices, metals, and aerospace. They assess qualities including torsional strength and stiffness. A torque tester is a quality control equipment for checking, calibrating, and measuring torque-controlled systems. Furthermore, current torque tester research and development (R&D) initiatives are expanding its application in wrenches and handheld instruments. Torque tester sales are expected to increase in the next years as a result of this. Torque tester advancements such as the development of transducers, self-calibration systems, alarm systems, programmable set points, and indications are expected to drive market demand.
Market Dynamics:
Various factors, such as the rising automotive, manufacturing, and construction industries, are driving the torque tester market. Because these industries are growing at a rapid pace, demand for torque wrenches can increase as a result of their use in these areas.

One of the major factors driving the torque tester market is the increasing number of product advancements. Manufacturers are adopting many advancements in torque tester design by altering the materials used and enhancing their reliability and efficiency.

Driving Factors:

Torque testers' accuracy in quick and reactionless operation is promoting their use in modern production lines. This is expected to continue to boost the market's sales. The market is expected to increase in response to rising demand for torque output measurement during tool and device repair and maintenance. Torque testers also have useful characteristics like operation in three modes: track, 1st peak, and peak, as well as conversion into eight engineering units such kgf-cm, N-m, cN-m, in-oz, ft-lb, in-lb, kgf-fm, and gf-cm.

The measurement of torque in various tools manufactured in the automotive industry, aerospace and defence, medical, test & measurement, and industrial sectors is expanding with the arrival of Industry 4.0, industrial robotics, and smart factory concepts. This can very certainly boost torque tester market in the near future. Aside from that, the market can be driven by an increase in the use of torque tests for high-quality and performance optimization of crankshafts, helicopter tail rotors, engines, transmissions, gearboxes, bicycle cranks, and other rotating systems.

Restraining Factors:

The lack of experienced individuals in many industries to handle and calibrate torque testers is projected to limit market demand. Sales are also expected to be hampered by frequent accuracy-related problems linked with torque testers. Furthermore, the high cost of torque testers makes them unaffordable for new entrants and small and medium businesses, which may have a negative impact on market growth.
Torque Tester Market Segment Analysis:
Based on Function Type, The Torque Tester Market is segmented into Electric, Hydraulic, Mechanical and Pneumatic on the basis of function type.Based on Product type, The Torque Tester Market is segmented into Torque Gauges, Torque Testers, Torque Calibrators, Torque Meter and Screwdrivers Torque Testers on the basis of product type. A torque gauge is a measuring equipment that is used in a variety of industries to determine the torque or torsion during a test. Research & development, laboratory, quality, production, and field environments use these. Mechanical and digital torque gauges are the two types of force gauges available today.

A digital torque gauge is a handheld device that includes a torque sensor or transducer, an electrical component, software, and a display. Torque sensors are electronic devices that translate torque into electrical signals. The torque being detected deforms a strain gauge via a mechanical setup. The deformation (strain) is converted to electrical impulses via the strain gauge. The torque gauge's software and circuitry transform the torque transducer's voltage into a torque value that is shown on the instrument.

Based on Application, The Torque Tester Market is segmented Electrical and Electronics Manufacturing, Automobile and Aerospace Industry, Plastic and Polymer Manufacturing and Machinery Manufacturing Industry on the basis of application.

Torque transducers are used by most car manufacturers to calibrate automatic transmissions and map engine torque. These are crucial milestones in the initial development and production of automobiles. Torque testers are also utilised in customer testing for both routine and extreme scenarios. Engineers can utilize the toque sensor to acquire useful data for future development and to better analyse and comprehend crash or other accident scenarios.

Torque testers have been extremely useful in the automobile sector in a variety of applications. They're utilised for clutch and gearbox testing, as well as strain measurement and detecting dynamic torque within an engine. Torque metres are used to measure horsepower in order to improve fuel efficiency, which is a critical aspect in today's market. Torque transducers are also utilised in the measurement of suspension systems, brakes, and the powertrain.
Regional Insights:
The Torque Tester Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America on the basis of region. Due to technical improvements such as the introduction of digital and wireless components in torque measuring systems, North America is expected to be one of the leading regions in the global torque testers market. The market may see increased usage of technologically advanced testing equipment in the automotive, aerospace & military, and other main end-use verticals in the United States. Furthermore, as North America's reliance on the concept of automation and Industry 4.0 grows, torque testers may be used more widely.

In developing countries like India and China, rapid industrialization is raising the use of automation technologies and manufacturing techniques. In the next years, this is expected to increase demand for torque gauges, calibrators, and testers. China is the world's largest vehicle manufacturer. Japan and South Korea are also important automobile exporters worldwide. The automotive industry is likely to play a key role in the growth of the torque tester market in the area due to large-scale manufacturing and significant expenditures in new vehicle technologies. The market for torque testers is being aided by the increased demand for energy generation and large-scale manufacture of various sorts of commodities for export.

Various vehicle suppliers around China have now resumed production, progressively recovering from the supply chain interruptions caused by the pandemic. Additionally, rising investments in industries such as automotive, steel, chemical/petrochemical, electricity, and oil & gas are expected to drive demand for tool or device optimization. Such initiatives are projected to open up several chances for the Asia-Pacific industry. Due to the rising use of torque testers in numerous industries, Europe can see a massive surge in the Torque tester market.

Over the next several years, the global market for torque testers could see a variety of developments in the materials and designs utilised to manufacture them, making them more efficient and reliable in fastening tool applications. These advancements allow for significant differentiation between product offerings from multiple vendors, which can fuel the torque tester market's growth.

The objective of the report is to present a complete picture of global Torque Tester market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the Torque Tester market. It also helps to understand bargaining power of suppliers and consumers.

The report also presents PESTLE analysis which helps to gain a macro picture of Torque Tester market. Political factors help to identify the influence of government over Torque Tester market. Economic factors a have direct impact on a company’s long-term prospects in a market. The economic environment may affect how a company dealing in Torque Tester price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the Torque Tester market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements.
Torque Tester Market Scope: Inquire before buying



Torque Tester Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 7.84 Bn.


Forecast Period 2023 to 2029 CAGR:
7%
Market Size in 2029:
US $ 12.59 Bn.


 Segments Covered:
by Function Type
Electric
Hydraulic
Mechanical
Pneumatic


by Product Type
Torque Gauges
Torque Testers
Torque Calibrators
Torque Meter
Screwdrivers Torque Testers


by Modularity
Handheld
Portable
Bench Top


by Application
Electrical and Electronics Manufacturing
Automobile and Aerospace Industry
Plastic and Polymer Manufacturing



Torque Tester Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Torque Tester Market Key Players are:
1. Sturtevant Richmont (US)
2. Mecmesin Limited (UK)
3. Flexible Assembly (US)
4. Imada Inc. (Japan)
5. Labthink (US)
6. BAHCO (France)
7. SecurePak (US)
8. WB Tools (Australia)
9. Tecnogi (China)
10.Jergens, Inc. (US)
11.Intercomp (UK)
12.Grainger (US)
13.Proto Industrial (US)
14.Tohnichi (Japan)
15.BMS Ireland (Ireland)
16.Belknap Tools (US)
17.Gedore-Torque (UK)
18.Yokota Industrial (Japan)
19.PCE Instruments (Germany)
20.Hans Schmidt (Germany)
21.Extech Instruments (US)
22.Ametek (US)
23.Norbar (England)
24.Wenzhou Sundoo Instruments (China)

Frequently Asked Questions:

1. What is the CAGR of the Torque Tester Market in the forecast period (2023-29)?
Ans. Torque Tester Market revenue is expected to grow at 7% through 2023 to 2029.

2. Who are the key players in the Torque Tester Market?
Ans. Sturtevant Richmont (US), Mecmesin Limited (UK), Flexible Assembly (US), Imada Inc. (Japan), Labthink (US), BAHCO (France), SecurePak (US), WB Tools (Australia), Tecnogi (China), Jergens, Inc. (US), Intercomp (UK), Grainger (US), Proto Industrial (US), Tohnichi (Japan), BMS Ireland (Ireland), Belknap Tools (US), Gedore-Torque (UK), Yokota Industrial (Japan), PCE Instruments (Germany), Hans Schmidt (Germany), Extech Instruments (US), Ametek (US), Norbar (England) and Wenzhou Sundoo Instruments (China) are the key players in Torque Tester Market.

3. Which are the product types in the Torque Tester Market?
Ans. Torque Gauges, Torque Testers, Torque Calibrators, Torque Meter and Screwdrivers Torque Testers are the product types in the Torque Tester Market.

4. What segments are covered in the Torque Tester Market report?
Ans. The segments covered in Torque Tester Market report are based on product type, function type, application, modularity and region.

5. What is the forecast period for the Torque Tester Market?
Ans. The forecast period for the Torque Tester Market is 2023-2029.