Leading Growth Driver in the Torque Gauge Market in 2025: Industrial Automation Fuels Torque Gauge Market Expansion Driver's Influence

What combination of drivers is leading to accelerated growth in the torque gauge market?
The expansion of the torque gauge market is anticipated to be fueled by the escalating industrial automation. Industrial automation encompasses the use of cutting-edge technology to automate several stages of the manufacturing process, from handling materials to delivering the final product. It is adopted due to its efficiency, productivity, reduction in cost, flexibility, and scalability it offers. Torque gauges play a crucial role in industrial automation as they ensure the precision, reliability, and compliance of assembly procedures. They deliver timely torque measurements and provide data analysis capabilities that assist manufacturers in refining their production lines, maintaining the standard of their products, and reducing downtime and costly mistakes. For example, in September 2024, it was reported by the International Federation of Robotics, a non-profit organization based in Germany, that there were 4,281,585 robot units working worldwide in factories in the previous year - a rise of 10%. For the third consecutive year, annual installations exceeded half a million units. In terms of region, Asia saw 70% of the newly deployed robots in 2023, followed by Europe with 17% and the Americas with 10%. Therefore, the escalating industrial automation is bolstering the torque gauge market's growth.

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What is the projected compound annual growth rate (CAGR) of the torque gauge market from 2025 to 2034, and what factors influence it?
Over the past few years, the torque gauge market has expanded robustly. The market is projected to increase from a size of $7.37 billion in 2024 to $7.92 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.5%. The remarkable growth observed in the previous period can be ascribed to factors such as the growth of industrial automation, expansion of the manufacturing sector, focus on quality control, regulatory compliance, and a rise in automotive production.

Significant expansion is anticipated in the torque gauge market in the forthcoming years. The market value is predicted to reach $9.93 billion by 2029, with a compound annual growth rate (CAGR) of 5.8%. The projected growth during this period can be linked to factors like Industry 4.0 and smart manufacturing, the increasing adoption of electric vehicles, the growth of the aerospace industry, the growing focus on lightweight materials, and the globalization of supply chains. During the forecast period, some of the key trends are expected to be an increased demand for portable torque gauges, advancing digitization, and an emphasis on Industry 4.0, ergonomic factors, and user interfaces. Augmented Reality (AR) and Virtual Reality (VR) integration, along with advancements in wireless technology are also likely to be significant trends.

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How are the latest trends influencing the growth of the torque gauge market?
Key players in the torque gauge market are putting their efforts into innovative advancements such as B-RAD X, a series of torque wrenches powered by batteries. This is a torque wrench that leverages a rechargeable battery for its operations, thus there's no need for pneumatic or electric energy sources. For example, in June 2023, RAD Torque Systems, a manufacturer based in Canada that specializes in electronic pistol grip torque wrenches, rolled out the greatly awaited B-RAD X, a torque wrench series powered by batteries and capable of achieving up to 11,000 ft. lbs. (15,000 Nm) torque. The torque wrench includes a re-engineered anti-fatigue trigger switch, a standard handguard for increased operator safety, and a two-hand start feature for additional safety. Moreover, this series is tailored to offer power and mobility for accurately and efficiently securing bolts in remote areas.

What are the major segments of the torque gauge market and their role in driving growth?
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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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.

Who are the key firms paving the way for growth in the torque gauge market?
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

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What Is Covered In The Torque Gauge Global Market Report?

•Market Size Forecast: Examine the torque gauge market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the torque gauge market for a structured understanding.
•Key Players Overview: Analyze major players in the torque gauge market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the torque gauge market.
•Segment Contributions: Evaluate how different segments drive overall growth in the torque gauge market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the torque gauge market.
•Industry Challenges: Identify potential risks and obstacles affecting the torque gauge market.
•Competitive Landscape: Review strategic developments in the torque gauge market, including expansions, agreements, and new product launches.

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