Press release
Force Gauge and Torque Meters Market Status and Forecast to Grow at 4.3% CAGR Through 2025
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.
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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 is valued at 58 million US$ in 2018 is expected to reach 81 million US$ by the end of 2025, growing at a CAGR of 4.3% during 2019-2025.
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The following manufacturers are covered: Ametek, Shimpo, Sauter, Mecmesin, Extech, Imada, Mark-10, Dillon, Norbar, PCE Instruments, Mountz, Shigan, Sundoo, Alluris,
Force Gauge and Torque Meters market includes market size, segmentation data and geographical analysis of market growth trends, leading companies and microeconomic information.
Force Gauge and Torque Meters Market Segmentation by Types: Force Gauge, Torque Meters,
Force Gauge and Torque Meters Market Segmentation by Applications: Electrical industry, Automobile manufacturing industry, Packaging Industry, Others,
Regions Covered in the Global Force Gauge and Torque Meters Market:
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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The report provides an in-depth analysis of the following –
Detailed Overview of Global Force Gauge and Torque Meters market helps deliver clients and businesses making strategies.
It covers Force Gauge and Torque Meters industry outlines, upstream and downstream Force Gauge and Torque Meters market segments, cost analysis, and market utilizing power, market overview, product scope, product definition of Force Gauge and Torque Meters market driving forces.
To provide detailed analysis, Market size and drivers during 2019 to 2025 including various segments and sub-segments of the Global Force Gauge and Torque Meters Market
Analysis of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand
The analysis of the competitive landscape of the global Force Gauge and Torque Meters market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis
To provides Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders and Market Effect Factors Analysis of Force Gauge and Torque Meters market
The Force Gauge and Torque Meters market report covers Volume, Revenue and Price Forecast 2019 to 2025
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