Force Gauge and Torque Meters are instruments used to measure force and torque (torsional force) respectively. Force Gauges provide a direct digital or analog reading and are used to measure tension and compression forces. Torque Meters measure the amount of torque and are used in applications such as testing the strength of screws, bolts, and other fasteners. Both are used in a variety of industries including manufacturing, automotive, aerospace, and medical.
The global Force Gauge and Torque Meters market is expected to grow at a CAGR of 6.5% during the forecast period (2020-2025). This is attributed to the increasing demand for these instruments in various industries such as automotive, aerospace, and medical. Furthermore, the growing demand for these instruments in the automobile and aerospace industries, due to the need for high-precision measurements, is also driving the market growth. In addition, the increasing focus on quality assurance and the need for accurate and reliable measurements are further driving the demand for Force Gauge and Torque Meters.
The global Force Gauge and Torque Meters market was valued at US$ 69 million in 2022 and is anticipated to reach US$ 96 million by 2029, witnessing a CAGR of 4.7% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Force Gauge and Torque Meters Market available at: https://www.themarketreports.com/report/global-force-gauge-and-torque-meters-market-research-report
This report aims to provide a comprehensive presentation of the global market for Force Gauge and Torque Meters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Force Gauge and Torque Meters.
The major global companies of Force Gauge and Torque Meters include Ametek, Shimpo, Sauter, Mecmesin, Extech, Imada, Mark-10, Dillon, Norbar, PCE Instruments, Mountz, Shigan, Sundoo, Alluris etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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