In this report, the Global Force Gauge and Torque Meters market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Force Gauge and Torque Meters market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
A force gauge (also force gage) is a small measuring instrument used across all industries to measure the force during a push or pull test. Applications exist in research and development, laboratory, quality, production and field environment. There are two kinds of force gauges today: mechanical and digital force gauges.
Torque Meters are devices designed to determine the torque or torsion in a shaft, usually by measuring the twist in a calibrated length of shafting.
First, for industry structure analysis, the Force Gauge and Torque Meters industry is relatively fragmented. The top five producers account for about 50.34% of the revenue market. Regionally, Europe accounted for the largest consumption market share of 30.15% in 2015, but Asia has the largest production growth rate in recent years.
Second, the production of Force Gauge and Torque Meters increases from 69.18 K Units in 2011 to 91.73 K Units in 2016, with an average growth rate of more than 5.8%.
Third, North America occupied 32.59% of the Revenue market in 2015. It is followed by Europe and Asia, which respectively have around 29.98% and 25.18%.
Fourth, for price trend analysis, a key variable in the performance of Force Gauge and Torque Meters producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
Fifth, for forecast, the global Force Gauge and Torque Meters revenue would keep increasing with annual growth rate with 4~5%, and a little higher speed in Asia. We tend to believe that this industry still has a bright future, considering the current demand of Force Gauge and Torque Meters. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
Market Analysis and Insights: Global Force Gauge and Torque Meters Market
In 2019, the global Force Gauge and Torque Meters market size was US$ 63 million and it is expected to reach US$ 85 million by the end of 2026, with a CAGR of 4.3% during 2021-2026.
Global Force Gauge and Torque Meters Scope and Market Size
Force Gauge and Torque Meters market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Force Gauge and Torque Meters market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Force Gauge and Torque Meters market is segmented into
Segment by Application, the Force Gauge and Torque Meters market is segmented into
Automobile manufacturing industry
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Force Gauge and Torque Meters Market Share Analysis
Force Gauge and Torque Meters market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Force Gauge and Torque Meters product introduction, recent developments, Force Gauge and Torque Meters sales by region, type, application and by sales channel.
The major companies include:
Reasons to Buy This Research Report
- Complete access to Global Force Gauge and Torque Meters market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Force Gauge and Torque Meters markets including North America, Europe, MEA and Asia Pacific
- Global Force Gauge and Torque Meters Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Force Gauge and Torque Meters market segmentation
- Key trends, drivers and restraints for global Global Force Gauge and Torque Meters market
- Challenges to market growth for Global Force Gauge and Torque Meters manufacturers
- Key market opportunities of Global Force Gauge and Torque Meters Industry
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