Industrial Automation Fuels Torque Gauge Market Expansion Driver: A Major Catalyst in the Evolution of the Torque Gauge Market in 2025

How Is the Torque Gauge Market Projected to Grow, and What Is Its Market Size?
In the past few years, the torque gauge market has experienced significant growth. The market value is predicted to increase from $7.37 billion in 2024 to $7.92 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. This growth during the historical period is due to factors such as the rise in industrial automation, expansion in the manufacturing sector, emphasis on quality control, regulatory compliance, and a surge in automotive production.

The market for torque gauges is predicted to exhibit robust expansion in the impending years, reaching $9.93 billion by 2029 with a CAGR of 5.8%. The growth during this forecast period is largely due to the rise of industry 4.0 and smart manufacturing, increased usage of electric vehicles, the expansion of the aerospace sector, heightened focus on lightweight materials, and globalized supply chains. Key trends for the forecast period comprise the growing demand for portable torque gauges, digitalization and industry 4.0, an emphasis on ergonomics and user interface, the integration of augmented reality (AR) and virtual reality (VR), as well as advancements in wireless technology.

What Are the Key Drivers Behind the Growth of the Torque Gauge Market?
The torque gauge market's expansion is forecasted to be driven by the escalating industrial automation. Industrial automation involves leveraging advanced technology to mechanize various components of the manufacturing process, from handling materials to delivering the final product. It's fostered through aspects such as efficiency, productivity, cost-cutting, malleability, and scalability. Torque gauges play a crucial role in industrial automation by ensuring accuracy, reliability, and compliance in assembly processes. They equip manufacturers with real-time torque measurements and data analysis features that boost production line optimization, product quality maintenance while minimizing downtime and expensive mistakes. For example, in September 2024, as per the International Federation of Robotics, a non-profit organization based in Germany, 4,281,585 robot units were operational in factories worldwide in 2023, reflecting a 10% rise. For the third consecutive year, the annual installations exceeded half a million units. Regional analysis showed that in 2023, 70% of the newly introduced robots were deployed in Asia, 17% in Europe, and 10% in America. Thus, the surge in industrial automation is pushing the torque gauge market's growth.

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Who Are the Major Industry Players Fueling Torque Gauge Market Expansion?
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

Which Key Developments Are Influencing the Torque Gauge Market?
Key players in the torque gauge industry are channeling their efforts towards innovative breakthroughs like B-RAD X, a novel series of battery-powered torque wrenches. These wrenches are driven by rechargeable batteries, doing away with the need for pneic or electric energy sources. An example to showcase this trend happened in June 2023 when RAD Torque Systems, a Canadian firm specializing in producing electronic pistol grip torque wrenches, unveiled the eagerly-awaited B-RAD X. This is a series of battery-powered torque wrenches with the ability to apply torque up to 11,000 ft. lbs. (15,000 Nm). This state-of-the-art series showcases a new anti-fatigue trigger switch, a standard handguard for better user safety, and an optional two-hand start for additional security. Furthermore, it was designed to offer portability and power to quickly fasten bolts at distant sites accurately and efficiently.

How Is the Segmentation of the Torque Gauge Market Defined?
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

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What Is the Leading Region in 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.

What Is Covered In The Torque Gauge Global Market Report?

- Market Size Analysis: Analyze the Torque Gauge Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Torque Gauge Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Torque Gauge Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Torque Gauge Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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