Soaring Demand Set to Propel Torque Tester Market to $12.49 Billion by 2029

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What Is the Expected CAGR for the Torque Tester Market Through 2025?
The market size of the torque tester has experienced substantial growth in the recent past. The market is projected to rise from $8.61 billion in 2024 to $9.33 billion in 2025, representing a compound annual growth rate (CAGR) of 8.3%. Factors such as demand from the automotive industry, the requirement for quality control and assurance, regulatory obligations, growth of the manufacturing sector and increased industry automation have contributed to this increase during the past period.

What's the Projected Size of the Global Torque Tester Market by 2029?
A significant expansion is forecasted for the torque tester market in the upcoming years with the market size expected to reach $12.49 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.6%. This growth during the projection period can be tied to the increase in electric vehicle production, widespread supply chains, the miniaturization of electronics, the emphasis on sustainability, and wider usage in the aerospace and defense sectors. The future trends to look out for include advancements in calibration technologies, integration with industry 4.0, technological progress, focus on ergonomics and user-friendly design, plus advancements in wireless torque testing.

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Top Growth Drivers in the Torque Tester Industry: What's Accelerating the Market?
The torque tester market is expected to expand, driven by the escalating need for energy generation. The process of transforming various types of energy into electrical energy, either in exclusive electricity plants or combined heat and power plants, is referred to as energy generation. The torque testers play an essential role in this process by ensuring the bolts and nuts fastening vital components are tightened appropriately. For example, in June 2023, the US Energy Information Administration reported that utility-scale electricity generation reached approximately 4,243 billion kilowatt-hours (kWh) in 2022, with 60% produced by fossil fuels. Further, Exxon Mobil Corporation, a US-based oil and gas firm, projected in August 2023 that the global need for energy would rise to 660 quadrillion Btu in 2050, an upsurge of 15% from 2021. This surge in energy generation requirement hence fuels the torque tester market's growth. The torque tester market's growth is also projected to be spurred by the increasing demands of the automotive industry. The auto industry, known for its extensive operations-ranging from design, production, advertising, sales, maintenance to customization of motor vehicles-widely uses in-vehicle torque detectors to analyze engine torque and adjust automatic transmissions. The European Automobile Manufacturers Association (ACEA), reported in May 2023 that the worldwide production of motor vehicles peaked at 85.4 million units in 2022, denoting a 5.7% rise compared to 2021. Therefore, the growing demand within the automotive sector is propelling the growth of the torque tester market.

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What Trends Will Shape the Torque Tester Market Through 2029 and Beyond?
Leading organizations within the torque tester market are concentrating on the creation and development of new products such as preset torque screwdrivers to ensure reliable services to their clients. A preset torque screwdriver is a particular type of torque screwdriver that has a preset torque value that allows the appropriate amount of torque to be applied to a fastener. For example, in April 2022, Sturtevant Richmont, a torque tools and testers manufacturer based in the US, introduced their BP-Series Torque Drivers. These are designed uniquely, featuring anti-backlash technology to minimize negative torque transferred to the fastener and unrivaled smooth rotation that only necessitates an 18-degree turn to achieve target torque. It offers bi-directional versatility, an ergonomic, comfortable grip, yielding a significant advantage in turning the driver to reach target torque. The clutch disengages automatically when the grip turns to avoid fastener over-torquing.

What Are the Main Segments in the Torque Tester Market?
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

Subsegments:
1) By Digital Torque Testers: Handheld Digital Torque Testers, Tabletop Digital Torque Testers
2) By Manual Torque Testers: Beam-Type Torque Testers, Click-Type Torque Testers

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Which Top Companies are Driving Growth in 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.

Which Regions Will Dominate the Torque Tester Market Through 2029?
North America was the largest region in the torque tester market in 2024. The regions covered in the torque tester market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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