Top Market Shifts Transforming the Torque Tester Market Landscape: Key Insights

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What Is the Expected CAGR for the Torque Tester Market Through 2025?
The market size of the torque tester has substantially increased in the past few years. The market value is predicted to increase from $8.61 billion in 2024 to $9.18 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.6%. The growth during the historical period can be credited to factors such as the demand from the automotive industry, the need for quality control and assurance, regulatory compliance, the expansion of the manufacturing sector, and the rise in industrial automation.

What's the Projected Size of the Global Torque Tester Market by 2029?
The market for torque testers is projected to witness robust expansion in the coming years, escalating to a value of $12.16 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.3%. This escalation during the forecast period can be associated with factors such as the growth in electric vehicle production, the expansion of global supply chains, miniaturization in the electronics sector, a focus on sustainability, and a higher rate of usage in the aerospace and defense sectors. Notable trends anticipated during the forecast period encompass advancements in calibration technologies, integration with Industry 4.0, technological progressions, emphasis on ergonomic and user-friendly designs, and enhancements in wireless torque testing.

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Top Growth Drivers in the Torque Tester Industry: What's Accelerating the Market?
The growth of the torque tester market is anticipated to surge due to the rising need for energy production. Energy production denotes the conversion of various energy types into electrical energy utilized in unique electricity-producing plants and combined heat and power plants. Torque testers play a vital role in energy generation by guaranteeing the accurate tightening of nuts and bolts that bundle up key components. For example, data from the Energy Information Administration, a US statistical agency of energy, pointed out in June 2023, that the forthcoming wave of electricity generation from utility-scale generators in the US touched around 4,243 billion kilowatt-hours (kWh) in 2022, with 60% of large-scale electricity generation stemming from fossil fuels. Further data from Exxon Mobil Corporation, a US-based company dealing in oil and gas, projected in August 2023, that the worldwide energy demand is poised to reach 660 quadrillion Btu by the year 2050, witnessing an increase of 15% since 2021. Hence, the growing requirement for energy generation is contributing significantly towards the expansion of the torque tester market.

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Which Fast-Growing Trends Are Poised to Disrupt the Torque Tester Market?
Major businesses involved in the torque tester market sector are putting their efforts into creating innovative products such as preset torque screwdrivers, with the aim of delivering high-quality services to their clients. A preset torque screwdriver is a particular category of torque screwdriver designed to deliver a pre-determined amount of torque to a fastener. An example of this innovation occurred in April 2022, when Sturtevant Richmont- a torque tools and testers creator out of the US, introduced its BP-Series Torque Drivers. These are specially engineered with anti-backlash features to counteract negative torque affecting the fastener, along with a particularly fluid rotation requiring a mere 18-degree turn to hit the target torque. Having bi-directional feature, it offers an ergonomically friendly grip, allowing easy and effectual turning of the driver to achieve the desired torque. To avoid over-torqueing the fastener, the grip automatically triggers the clutch to release when it rotates.

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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