A force gauge (also force gage) is a small measuring instrument used across all industries to measure the force during a push or pull test. Applications exist in research and development, laboratory, quality, production and field environment. There are two kinds of force gauges today: mechanical and digital force gauges.
Torque Meters are devices designed to determine the torque or torsion in a shaft, usually by measuring the twist in a calibrated length of shafting.
First, for industry structure analysis, the Force Gauge and Torque Meters industry is relatively fragmented. The top five producers account for about 50.34% of the revenue market. Regionally, Europe accounted for the largest consumption market share of 30.15% in 2015, but Asia has the largest production growth rate in recent years.
Second, the production of Force Gauge and Torque Meters increases from 69.18 K Units in 2011 to 91.73 K Units in 2016, with an average growth rate of more than 5.8%.
Third, North America occupied 32.59% of the Revenue market in 2015. It is followed by Europe and Asia, which respectively have around 29.98% and 25.18%.
Fourth, for price trend analysis, a key variable in the performance of Force Gauge and Torque Meters producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
Fifth, for forecast, the global Force Gauge and Torque Meters revenue would keep increasing with annual growth rate with 4~5%, and a little higher speed in Asia. We tend to believe that this industry still has a bright future, considering the current demand of Force Gauge and Torque Meters. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
The global Force Gauge and Torque Meters market was 58 million US$ in 2018 and is expected to 81 million US$ by the end of 2025, growing at a CAGR of 4.3% between 2019 and 2025.
This report studies the Force Gauge and Torque Meters market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Force Gauge and Torque Meters in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Automobile manufacturing industry
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Force Gauge and Torque Meters market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Force Gauge and Torque Meters market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Force Gauge and Torque Meters manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Force Gauge and Torque Meters with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Force Gauge and Torque Meters submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Force Gauge and Torque Meters are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Force Gauge and Torque Meters market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Force Gauge and Torque Meters market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.