Torque Gauge Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033 | Mitsubishi Electric Automation Inc., Bosch Rexroth AG, Applied Measurements Limited, AMETEK Calibration Inc

"The new report published by The Business Research Company, titled ""Torque Gauge Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the torque gauge market size has grown strongly in recent years. It will grow from $6.85 billion in 2023 to $7.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The torque gauge market size is expected to see strong growth in the next few years. It will grow to $9.40 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=14521&type=smp

Industrial Automation Fuels Torque Gauge Market Expansion
The growing industrial automation is expected to propel the growth of the torque gauge market going forward. Industrial automation refers to using advanced technology to automate various stages of the manufacturing process, from material handling to final product delivery. It arises because of efficiency, productivity, cost reduction, flexibility, and scalability. Torque gauges are used in industrial automation to ensure assembly processes' accuracy, reliability, and compliance. They provide real-time torque measurements and data analysis capabilities that help manufacturers optimize their production lines, maintain product quality, and minimize downtime and costly errors. For instance, according to the International Federation of Robotics, a Germany-based non-profit organization, 517,385 new industrial robots were installed in industries worldwide in 2021, which indicates a 31% growth rate year over year. Therefore, growing industrial automation is driving the growth of the torque gauge market.

RAD Torque Systems Introduces B-RAD X A Revolutionizing Torque Wrench Technology
Major companies operating in the torque gauge market focus on innovative advancements such as B-RAD X, a battery-powered torque wrench series. It is a torque wrench that works using a rechargeable battery as its power source, eliminating the need for pneumatic or electric power sources. For instance, in June 2023, RAD Torque Systems, a Canada-based manufacturer of electronic pistol grip torque wrenches, launched the highly anticipated B-RAD X, a battery-powered torque wrench series capable of torquing up to 11,000 ft. lbs. (15,000 Nm). It features a redesigned anti-fatigue trigger switch, a standard handguard for added operator protection, and a two-hand start option for safety. Additionally, this series is designed to provide mobility and power for fastening bolts in remote locations with precision and efficiency.

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

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=14521&type=discount

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

Contents of the report:
1. Executive Summary
2. Torque Gauge Market Report Structure
3. Torque Gauge Market Trends And Strategies
4. Torque Gauge Market - Macro Economic Scenario
5. Torque Gauge Market Size And Growth
…..
27. Torque Gauge Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/torque-gauge-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.