What Is The Current and Historic Market Size Analysis Of The Torque Gauge Market?
The torque gauge market has seen considerable growth due to a variety of factors.
• The market size of the torque gauge has seen a significant increase in recent years, expanding from $7.37 billion in 2024 to a projected $7.92 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.5%.
The surge in the preceding phase is associated with progress in industrial automation, enlargement of the manufacturing sector, focus on quality control, regulatory adherence, and a rise in automobile manufacturing.
What Are The Predictions for The Torque Gauge Market in the Coming Years?
The torque gauge market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the torque gauge industry is predicted to experience significant growth in the coming years. It's expected to expand to $9.93 billion by 2029 with a compound annual growth rate (CAGR) of 5.8%.
The predicted growth during the projected period is primarily attributed to factors like industry 4.0 and intelligent manufacturing, increasing acceptance of electric cars, growth of the aerospace sector, a heightened focus on the use of lightweight materials, and the globalization of supply chains. Notable trends for the forecast period include a surging demand for portable torque gauges, digital transformation, enhanced focus on ergonomics and user interface, incorporation of augmented reality (AR) and virtual reality (VR), and advancements in wireless technology.
Which Drivers Are Accelerating Growth In The Torque Gauge Market?
The torque gauge market's growth is anticipated to be driven by the expanding industrial automation. Industrial automation embodies the application of cutting-edge technology to automate different stages in the manufacturing process, from handling materials to delivering the final product. It emerges from efficiency, productivity, cost savings, flexibility, and scalability demands. Torque gauges play an essential role in industrial automation to guarantee the precision, reliability, and adherence of assembly processes. They deliver real-time torque assessments and data analysis capabilities, enabling manufacturers to fine-tune their production lines, uphold product quality, and minimize downtime and expensive errors. For example, the International Federation of Robotics, a non-profit organization based in Germany, reported in September 2024 that in 2023, 4,281,585 robot units were operational in factories worldwide, reflecting a 10% increase. For the third consecutive year, annual installations exceeded half a million units. Geographically, in 2023, 70% of the newly deployed robots were installed in Asia, 17% in Europe, and 10% in the America. Hence, the expanding industrial automation is fuelling the torque gauge market's growth.
What Are The Core Segments Of The Global Torque Gauge Market?
The torque gauge market covered in this report is segmented –
1) By Type: Digital Torque Gauges, Mechanical Torque Gauges, Electronic Torque Gauges, Other Types
2) By Product Type: Hand Held Torque Gauge, Table Top Torque Gauge
3) By End User: Automotive, Aerospace, Manufacturing, Electronics, Energy, Other End Users
Subsegments:
1) By Digital Torque Gauges: Portable Digital Torque Gauges, High-Precision Digital Torque Gauges, Wireless Digital Torque Gauges
2) By Mechanical Torque Gauges: Spring-Loaded Mechanical Torque Gauges, Dial-Type Mechanical Torque Gauges, Beam-Type Mechanical Torque Gauges
3) By Electronic Torque Gauges:, Electronic Torque Transducers, Digital Display Electronic Torque Gauges, Wireless Electronic Torque Gauges
4) By Other Types: Hydraulic Torque Gauges, Pneumatic Torque Gauges, Strain Gauge-based Torque Gauges
Pre-Book The Torque Gauge Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing The Torque Gauge Market?
Prominent companies within the torque gauge marketplace are emphasizing innovation and advancements such as B-RAD X, a series of torque wrenches powered by batteries. This torque wrench system operates on a rechargeable battery, negating the need for pneic, or electrical energy sources. For example, in June 2023, RAD Torque Systems, a firm based in Canada that manufactures electronic pistol grip torque wrenches, introduced the much-awaited B-RAD X. This is a battery-operated series of torque wrenches that can torque up to 11,000 ft. lbs. (15,000 Nm). It incorporates a newly designed anti-fatigue trigger switch, a default handguard for increased operator safety, and a two-handed start option for extra security. Alongside this, the series is constructed to enhance mobility and power for the precise and efficient fastening of bolts in inaccessible locations.
Who Are the Key Players In The Torque Gauge Market?
Major companies operating in the torque gauge market are:
• Mitsubishi Electric Automation Inc.
• Bosch Rexroth AG
• Applied Measurements Limited
• AMETEK Calibration Inc.
• Snap-on Incorporated
• Hottinger Brüel & Kjær A/S
• Sauter AG
• Kistler Holding AG
• SCHUNK Intec Inc.
• VOGT GmbH
• Desoutter Industrial Tools
• Industrial Physics LLC
• Mecmesin Ltd.
• Extech Instruments
• Mountz Inc.
• Futek Advanced Sensor Technology Inc.
• Toledo Transducers Inc.
• IMADA Inc.
• Mark-10 Corporation
• Norbar Torque Tools Ltd.
• Datum Electronics Ltd.
• Insize Co. Ltd.
• Checkline Europe B.V
• HT Instruments
• Sturtevant Richmont
What Are The Regional Insights Into The Torque Gauge Market?
Asia-Pacific was the largest region in the torque gauge market in 2024. The regions covered in the torque gauge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
