Los Angeles, CA -- (SBWIRE) -- 04/30/2019 -- 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.
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.
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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.
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.
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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:
Ametek
Shimpo
Sauter
Mecmesin
Extech
Imada
Mark-10
Dillon
Norbar
PCE Instruments
Mountz
Shigan
Sundoo
Alluris
By the product type, the market is primarily split into:
Force Gauge
Torque Meters
By the end users/application, this report covers the following segments:
Electrical industry
Automobile manufacturing industry
Packaging Industry
Others
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