Force Gauge and Torque Meters Market Size, Share, Growth, and Industry Analysis, By Type (Force Gauge and Torque Meters), By Application (Electrical Industrial, Automobile Manufacturing Industry, Packaging Industrial and Others), Regional Insights and Forecast to 2031

Updated On: 29 April 2024

force gauge and torque meters market REPORT OVERVIEW

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The global force gauge and torque meters market size was in USD 67 million 2021 and is expected to reach USD 108.5 million by 2031, exhibiting a CAGR of 4.9% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

A force gauge and torque meters are both measuring instruments used to quantify mechanical forces and torques, respectively. They are essential tools in various industries and applications where the measurement and control of forces and torques are critical. A force gauge, also known as a force sensor or force measurement device, is an instrument used to measure and quantify mechanical forces. These forces can be either tension (pulling) or compression (pushing) forces. Force gauges typically consist of a load cell, which converts mechanical force into an electrical signal, and a display or readout unit to show the force measurement in units like pounds (lb), newtons (N), or kilograms (kg).

Common applications for force gauges include quality control and testing in manufacturing, material testing, product design, and research in various fields, such as engineering, physics, and biology. A torque meter, also known as a torque sensor or torque transducer, is an instrument used to measure and quantify torque, which is a rotational force or moment applied to an object around an axis or pivot point. Torque meters are used to determine the amount of twist or rotational force applied to a component, fastener, or mechanical system. They are essential for tasks like verifying the proper tightening of bolts, measuring the performance of rotating machinery, and assessing the efficiency of engines and motors. Torque meters often use strain gauges or other sensors to convert the mechanical twisting force into an electrical signal, which is then displayed in units like Newton-meters (Nm) or foot-pounds (ft-lb).

COVID-19 Impact: Remote Work and Automation to Hinder Market Growth

The pandemic disrupted global supply chains, leading to shortages of components and materials. This could have affected the production of Force Gauges and Torque Meters, leading to delays in manufacturing and delivery. Many industries, particularly those that heavily rely on Force Gauges and Torque Meters, may have seen reduced demand during lockdowns and economic slowdowns. This is because many businesses postponed investments and reduced production. In some cases, the need for social distancing and remote work prompted industries to explore automation and remote monitoring solutions. This could have led to increased interest in smart or remotely accessible Force Gauges and Torque Meters. The pandemic emphasized the importance of hygiene and safety in manufacturing environments. This may have led to increased demand for Force Gauges and Torque Meters with features that enable easier cleaning and maintenance.

LATEST TRENDS

"Miniaturization and Portability to Enhance Market Growth"

Force gauges and torque meters are increasingly integrating digital and smart features. This includes digital displays, data logging, wireless connectivity, and the ability to send measurement data to computers or mobile devices for real-time monitoring and analysis. The concept of Industry 4.0, which involves the use of automation, data exchange, and the Internet of Things (IoT) in manufacturing, is driving the adoption of intelligent force measurement systems. These systems can be integrated into smart factories and production lines for real-time quality control and process optimization. There is a growing demand for compact and portable force gauges and torque meters, especially in applications where space is limited or mobility is required. These instruments are designed to be lightweight and easy to carry, making them suitable for on-site measurements.

force gauge and torque meters market SEGMENTATION

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• By Type

Based on type market is classified as force gauge and torque meters.

• By Application

Based on application market is classified as electrical industrial, automobile manufacturing industry, packaging industrial and others.

DRIVING FACTORS

"Manufacturing and Industrial Growth to Augment Market Growth"

Force gauge and torque meters market growth is critical instrument in quality assurance and control processes across various industries. Ensuring product quality and consistency is a primary driver, as these tools are essential for verifying the performance and safety of products. As manufacturing industries continue to grow and diversify, the need for precise force and torque measurements has also increased. Industries like automotive, aerospace, electronics, and healthcare rely on these instruments for product development and manufacturing processes. The trend toward Industry 4.0, which includes smart manufacturing and automation, has created a demand for intelligent and connected force measurement devices. These instruments play a crucial role in automated production lines and processes.

"Miniaturization and Compact Designs to Propel Market Growth"

Research and development activities across multiple industries require precise measurements of forces and torques. These instruments are indispensable in the prototyping and testing phases of product development. Advancements in microelectronics and materials have enabled the development of smaller, lightweight, and more portable force and torque measurement devices. This is particularly important for industries that require on-site or field measurements. Force gauges and torque meters are being designed with energy efficiency in mind to align with sustainability goals. This focus on eco-friendly instrumentation is a driving factor for both manufacturers and end-users.

RESTRAINING FACTORS

"Economic Uncertainty to Impede Market Expansion"

Force gauges and torque meters can be relatively expensive, especially those with advanced features, high precision, or specialized capabilities. The cost of acquiring and maintaining these instruments can be a barrier for some potential users. Economic downturns or uncertainty in the business environment can lead to reduced investments in new equipment, including force measurement devices. Organizations may postpone or scale back purchases during challenging economic times. The proper use and calibration of force gauges and torque meters often require technical expertise. Companies may face challenges if they lack personnel with the necessary skills to operate and maintain these instruments.

force gauge and torque meters market REGIONAL INSIGHTS

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"North America to Dominate the Market Due to Research and Development Activities"

The North America region have been prominent region for force gauge and torque meters market share. The region has a strong manufacturing sector, including industries like automotive, aerospace, electronics, and healthcare, which rely on force and torque measurement equipment. Additionally, research and development activities in North America contribute to the demand for these instruments. They have a robust demand for force gauges and torque meters, especially in automotive and aerospace applications. The European market has also been driven by stringent quality and safety standards. As these economies continue to expand, there is a growing need for force measurement instruments in various industries, making it a significant region for this market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Ametek (U.S.)
• Shimpo (U.S.)
• Sauter (U.K.)
• Mecmesin (Germany)
• Extech (U.S.)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.