Torque Tester Global Market Report 2024

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Torque Tester Global Market Report 2024 – By Type (Digital Torque Testers, Manual Torque Testers), By Product Type (Torque Gauges, Torque Testers, Torque Calibrators, Torque Meter, Screwdrivers Torque Testers), By Function Type (Electric, Hydraulic, Mechanical, Pneumatic), By Modularity (Handheld, Portable, Bench Top), By Industry (Electrical, Automobile, Machinery Manufacturing, Other Industries) – Market Size, Trends, And Global Forecast 2024-2033

Starting Price : $4000.00 | Pages : 175 | Published : January 2024 | Delivery Time: 2-3 business days | Format : pdf

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Torque Tester Market Definition And Segments

A torque tester is a quality control device for testing or calibrating the torque-controlled tools for measuring torque and converting it into an electrical output signal. It is used to calibrate torque tools to assure the accuracy and dependability of the devices. It is necessary to keep torque levels constant and avoid under or overtightening fasteners.

The main types of torque testers are digital torque testers and manual torque testers. Digital torque testers refer to transducers that measure torque and output electrical signals. The product types are torque gauges, torque testers, torque calibrators, torque meters, and screwdrivers torque testers with various functions such as electric, hydraulic, mechanical, and pneumatic. The various modularity’s are handheld, portable, and benchtop used in electrical, automobile, machinery manufacturing, and others.

The torque tester market covered in this report is segmented –

1) By Type: Digital Torque Testers, Manual Torque Testers

2) By Product Type: Torque Gauges, Torque Testers, Torque Calibrators, Torque Meter, Screwdrivers Torque Testers

3) By Function Type: Electric, Hydraulic, Mechanical, Pneumatic

4) By Modularity: Handheld, Portable, Bench Top

5) By Industry: Electrical, Automobile, Machinery Manufacturing, Other Industries

The torque tester market size has grown strongly in recent years. It will grow from $7.93 billion in 2023 to $8.61 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to automotive industry demand, quality control and assurance, regulatory compliance, expansion of manufacturing sector, increasing automation in industries.

The torque tester market size is expected to see strong growth in the next few years. It will grow to $11.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rise in electric vehicle manufacturing, globalization of supply chains, miniaturization in electronics, focus on sustainability, increased adoption in aerospace and defense. Major trends in the forecast period include advancements in calibration technologies, industry 4.0 integration, technological advancements, focus on ergonomics and user-friendly design, advancements in wireless torque testing:.

Energy Generation-Driven Growth In The Torque Tester Market

The increasing demand for energy generation is expected to boost the growth of the torque tester market going forward. Energy generation refers to electricity generation by converting other forms of energy into electrical energy produced in electricity-only plants and combined heat and power plants. Torque testers are used in energy generation to ensure that the bolts and nuts that hold together critical components are tightened to the correct torque. For instance, in June 2023, according to the Energy Information Administration, a US-based statistical agency of energy, in the US the next generation of electricity from utility-scale generators was about 4,243 billion kilowatt hours (kWh) in 2022 and 60% of utility-scale electricity generation was from fossil fuels. Further, in August 2023, according to Exxon Mobil Corporation, a US-based oil and gas company, the global energy demand is expected to reach 660 quadrillion Btu in 2050 increasing by 15% from 2021. Therefore, the increasing demand for energy generation is driving the growth of the torque tester market.

The Increasing Automotive Demand Thrives The Market

The increasing demand from the automotive industry is expected to propel the growth of the torque tester market going forward. The automotive industry is a vast sector comprised of several firms and organizations engaged in creating, advancing, producing, advertising, selling, maintaining, and customizing motor vehicles. Many automobile makers utilize in-vehicle torque detectors to map engine torque and calibrate automatic transmissions. For instance, in September 2022, according to the International Trade Administration, a US-based agency under the United States Department of Commerce that promotes nonagricultural US services and goods exports, in Australia's local market, 1,049,831 SUVs, new passenger cars, and commercial vehicles were purchased in 2021, an increase from 916,968 in 2020. Therefore, the increasing demand from the automotive industry is driving the torque tester market.

Major companies operating in the torque tester market report are Crane Electronics Group Limited, Shimpo International, Kistler Group, Transcat Inc., Bahco Group AB, Burke E. Porter Machinery Company, Tecnogi S.p.A., Sakor Technologies Inc., Warren & Brown Tools, FUTEK Advanced Sensor Technology Inc., Gedore-Torque Ltd., Mountz Inc., PCE Instruments UK Limited, Yokota Industrial Co. Ltd., Imada Inc., Labthink International Inc., Norbar Torque Tools Ltd., Mecmesin Limited, Alluris GmbH & Co. KG, Mark-10 Corporation, Access SecurePak, Sturtevant Richmont, SA Meier Co of Milwaukee Inc., Van F. BELKNAP Co. Inc., Wenzhou Sundoo Instruments Co. Ltd.

Navigating Future Challenges In The Torque Tester Market

The limited availability of raw materials is expected to challenge the growth of the torque tester market in the future. Limited availability of raw materials can lead to increased costs, reduced production, and price fluctuations. Companies in the market need to be aware of these potential limitations and work to mitigate their impact. For instance, in 2021, the global manufacturing industry faced various challenges related to the COVID-19 pandemic, highlighting supply chain vulnerability and the limited availability of critical raw materials. This cascaded effect on industries reliant on precision instruments like torque testers Therefore, the limited availability of raw materials challenges the growth of the torque tester market.

Innovative Advancements In Torque Testing To Drive The Revenues

Major companies operating in the torque tester market are focusing on developing innovative products, such as preset torque screwdrivers, to provide reliable services to customers. A preset torque screwdriver is a type of torque screwdriver with a preset torque value to apply the correct amount of torque to a fastener. For instance, in April 2022, Sturtevant Richmont, a US-based manufacturer of torque tools and testers, launched BP-Series Torque Drivers. It is uniquely designed with anti-backlash technology to alleviate the negative torque going to the fastener and extremely smooth rotation that requires only 18 degrees of turn to reach the target torque. It has bi-directional versatility and a comfortable grip that is ergonomically friendly, giving a more significant purchase in turning the driver to get target torque. The clutch releases automatically when the grip rotates to prevent over-torquing the fastener.

Battery Ventures L.P's Acquisition Of Alluris Gmbh & Co. Kg In The Testing Solutions Industry

In January 2021, Battery Ventures L.P, a UK-based technology-focused investment company, acquired Alluris GmbH & Co. KG for an undisclosed amount. The acquisition with combined resources is expected to expand and strengthen new product development and provide testing solutions across industries. Alluris GmbH & Co. KG is a Germany-based developer and manufacturer of force and torque testers.

North America was the largest region in the torque tester market in 2023. The regions covered in the torque tester market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the torque tester market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The torque tester market consists of revenues earned by entities by providing services such as calibration, repair and maintenance, verification, and measuring the output. The market value includes the value of related goods sold by the service provider or included within the service offering. The torque tester market consists of sales of motorized torque testers, computer-controlled torque test systems, torque sensors, and transducers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The torque testers market research report is one of a series of new reports from The Business Research Company that provides torque testers market statistics, including torque testers industry global market size, regional shares, competitors with a torque testers market share, detailed torque testers market segments, market trends and opportunities, and any further data you may need to thrive in the torque testers industry. This torque testers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Torque Tester Market Report Scope

Report Attribute	Details
Market Size Value In 2024	$8.61 billion
Revenue Forecast In 2033	$11.53 billion
Growth Rate	CAGR of 7.6% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Digital Torque Testers, Manual Torque Testers 2) By Product Type: Torque Gauges, Torque Testers, Torque Calibrators, Torque Meter, Screwdrivers Torque Testers 3) By Function Type: Electric, Hydraulic, Mechanical, Pneumatic 4) By Modularity: Handheld, Portable, Bench Top 5) By Industry: Electrical, Automobile, Machinery Manufacturing, Other Industries
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled	Crane Electronics Group Limited; Shimpo International; Kistler Group; Transcat Inc.; Bahco Group AB; Burke E. Porter Machinery Company; Tecnogi S.p.A.; Sakor Technologies Inc.; Warren & Brown Tools; FUTEK Advanced Sensor Technology Inc.; Gedore-Torque Ltd.; Mountz Inc.; PCE Instruments UK Limited; Yokota Industrial Co. Ltd.; Imada Inc.; Labthink International Inc.; Norbar Torque Tools Ltd.; Mecmesin Limited; Alluris GmbH & Co. KG; Mark-10 Corporation; Access SecurePak; Sturtevant Richmont; SA Meier Co of Milwaukee Inc.; Van F. BELKNAP Co. Inc.; Wenzhou Sundoo Instruments Co. Ltd.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

Table Of Contents

1. Executive Summary

2. Torque Tester Market Characteristics

3. Torque Tester Market Trends And Strategies

4. Torque Tester Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Torque Tester Market Size and Growth

5.1. Global Torque Tester Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Torque Tester Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Torque Tester Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Torque Tester Market Segmentation

6.1. Global Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Digital Torque Testers

Manual Torque Testers

6.2. Global Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Torque Gauges

Torque Testers

Torque Calibrators

Torque Meter

Screwdrivers Torque Testers

6.3. Global Torque Tester Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Electric

Hydraulic

Mechanical

Pneumatic

6.4. Global Torque Tester Market, Segmentation By Modularity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Handheld

Portable

Bench Top

6.5. Global Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Electrical

Automobile

Machinery Manufacturing

Other Industries

7. Torque Tester Market Regional And Country Analysis

7.1. Global Torque Tester Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Torque Tester Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Torque Tester Market

8.1. Asia-Pacific Torque Tester Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Torque Tester Market

9.1. China Torque Tester Market Overview

9.2. China Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Torque Tester Market

10.1. India Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Torque Tester Market

11.1. Japan Torque Tester Market Overview

11.2. Japan Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Torque Tester Market

12.1. Australia Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Torque Tester Market

13.1. Indonesia Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Torque Tester Market

14.1. South Korea Torque Tester Market Overview

14.2. South Korea Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Torque Tester Market

15.1. Western Europe Torque Tester Market Overview

15.2. Western Europe Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Torque Tester Market

16.1. UK Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Torque Tester Market

17.1. Germany Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Torque Tester Market

18.5. France Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Torque Tester Market

19.9. Italy Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Torque Tester Market

20.13. Spain Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Torque Tester Market

21.1. Eastern Europe Torque Tester Market Overview

21.2. Eastern Europe Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Torque Tester Market

22.1. Russia Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Torque Tester Market

23.1. North America Torque Tester Market Overview

23.2. North America Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Torque Tester Market

24.1. USA Torque Tester Market Overview

24.2. USA Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Torque Tester Market

25.1. Canada Torque Tester Market Overview

25.2. Canada Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Torque Tester Market

26.1. South America Torque Tester Market Overview

26.2. South America Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Torque Tester Market

27.1. Brazil Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Torque Tester Market

28.1. Middle East Torque Tester Market Overview

28.2. Middle East Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Torque Tester Market

29.1. Africa Torque Tester Market Overview

29.2. Africa Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Torque Tester Market Competitive Landscape And Company Profiles

30.1. Torque Tester Market Competitive Landscape

30.2. Torque Tester Market Company Profiles

30.2.1. Crane Electronics Group Limited

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Shimpo International

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Kistler Group

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Transcat Inc.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Bahco Group AB

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Torque Tester Market Other Major And Innovative Companies

31.1. Burke E. Porter Machinery Company

31.2. Tecnogi S.p.A.

31.3. Sakor Technologies Inc.

31.4. Warren & Brown Tools

31.5. FUTEK Advanced Sensor Technology Inc.

31.6. Gedore-Torque Ltd.

31.7. Mountz Inc.

31.8. PCE Instruments UK Limited

31.9. Yokota Industrial Co. Ltd.

31.10. Imada Inc.

31.11. Labthink International Inc.

31.12. Norbar Torque Tools Ltd.

31.13. Mecmesin Limited

31.14. Alluris GmbH & Co. KG

31.15. Mark-10 Corporation

32. Global Torque Tester Market Competitive Benchmarking

33. Global Torque Tester Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Torque Tester Market

35. Torque Tester Market Future Outlook and Potential Analysis

35.1 Torque Tester Market In 2028 - Countries Offering Most New Opportunities

35.2 Torque Tester Market In 2028 - Segments Offering Most New Opportunities

35.3 Torque Tester Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Torque Tester Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Torque Tester Market, Segmentation By Modularity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Torque Tester Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Global Torque Tester Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: Asia-Pacific, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: China, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: India, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Japan, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Australia, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: Indonesia, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: South Korea, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Western Europe, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: UK, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: Germany, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: France, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Italy, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Spain, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Eastern Europe, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: Russia, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: North America, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: USA, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: Canada, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: South America, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Brazil, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Middle East, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Africa, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 76: Crane Electronics Group Limited Financial Performance

Table 77: Shimpo International Financial Performance

Table 78: Kistler Group Financial Performance

Table 79: Transcat Inc. Financial Performance

Table 80: Bahco Group AB Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Torque Tester Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Torque Tester Market, Segmentation By Modularity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Torque Tester Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Global Torque Tester Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: Asia-Pacific, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: China, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: India, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Japan, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Australia, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: Indonesia, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: South Korea, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Western Europe, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: UK, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: Germany, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: France, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Italy, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Spain, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Eastern Europe, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: Russia, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: North America, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: USA, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: Canada, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: South America, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Brazil, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Middle East, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Torque Tester Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Torque Tester Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Africa, Torque Tester Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 76: Crane Electronics Group Limited Financial Performance

Figure 77: Shimpo International Financial Performance

Figure 78: Kistler Group Financial Performance

Figure 79: Transcat Inc. Financial Performance

Figure 80: Bahco Group AB Financial Performance

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Frequently Asked Questions

What is the definition of the torque tester market?

A torque tester is a quality control device for testing or calibrating the torque-controlled tools for measuring torque and converting it into an electrical output signal. It is used to calibrate the torque tools to assure the accuracy and dependability of the devices. It is necessary to keep torque levels constant and avoid under or overtightening fasteners. For further insights on the torque tester market, request a sample here

How will the torque tester market drivers and restraints affect the torque tester market dynamics? What forces will shape the torque tester industry going forward?

The torque tester market major growth driver - energy generation-driven growth in the torque tester market. For further insights on the torque tester market, request a sample here

What is the forecast market size or the forecast market value of the torque tester market?

The torque tester market size has grown strongly in recent years. It will grow from $7.93 billion in 2023 to $8.61 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to automotive industry demand, quality control and assurance, regulatory compliance, expansion of manufacturing sector, increasing automation in industries. The torque tester market size is expected to see strong growth in the next few years. It will grow to $11.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rise in electric vehicle manufacturing, globalization of supply chains, miniaturization in electronics, focus on sustainability, increased adoption in aerospace and defense. Major trends in the forecast period include advancements in calibration technologies, industry 4.0 integration, technological advancements, focus on ergonomics and user-friendly design, advancements in wireless torque testing:. For further insights on the torque tester market, request a sample here

How is the torque tester market segmented?

The torque tester market is segmented
1) By Type: Digital Torque Testers, Manual Torque Testers
2) By Product Type: Torque Gauges, Torque Testers, Torque Calibrators, Torque Meter, Screwdrivers Torque Testers
3) By Function Type: Electric, Hydraulic, Mechanical, Pneumatic
4) By Modularity: Handheld, Portable, Bench Top
5) By Industry: Electrical, Automobile, Machinery Manufacturing, Other IndustriesFor further insights on the torque tester market, request a sample here

Which region has the largest share of the torque tester market? What are the other regions covered in the report?

North America was the largest region in the torque tester market in 2023. The regions covered in the torque tester market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the torque tester market, request a sample here.

Who are the major players in the torque tester market?

What are the key trends in the torque tester market?

Major trend in the torque tester market - Innovative Advancements In Torque Testing To Drive The Revenues. For further insights on the torque tester market, request a sample here.

What are the major opportunities in the torque tester market? What are the strategies for the torque tester market?

For detailed insights on the major opportunities and strategies in the torque tester market, request a sample here.

How does the torque tester market relate to the overall economy and other similar markets?

For detailed insights on torque tester market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the torque tester industry?

For detailed insights on the mergers and acquisitions in the torque tester industry, request a sample here.

What are the key dynamics influencing the torque tester market growth? SWOT analysis of the torque tester market.

For detailed insights on the key dynamics influencing the torque tester market growth and SWOT analysis of the torque tester industry, request a sample here.