Global Torque Market Is Projected to Reach 11 Million US$ by 2025 - Suggests QY Research, Inc.
The global Torque market was valued at 9 million US$ in 2018 and will reach 11 million US$ by the end of 2025, growing at a CAGR of 3.5% during 2019-2025.
Los Angeles, CA -- (SBWire) -- 07/01/2019 --Torque is a special kind of torque that causes an object to rotate. The torque of the engine is the torque that the engine outputs from the crankshaft end. It is inversely proportional to the engine speed under the condition of fixed power. The faster the speed, the smaller the torque, and vice versa, it reflects the load capacity of the car within a certain range.
Currently, there are companies such as Falcom, Proto, Stahlwille, Tonichi, King Tony, and Gedore in the SEAK torque market.
The SEAK torque market has a revenue of approximately US$35 million and a sales volume of approximately 162,587 units in 2016.
South Korea is the largest consumer market for SEAK, and the second is Indonesia.
Mechanical torque wrenches occupy a major share, but electronic torque wrenches will take up more share.
The largest application in 2016 was the automotive repair and aftermarket, and automotive manufacturing applications are growing rapidly.
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This report focuses on Torque volume and value at global level, regional level and company level. From a global perspective, this report represents overall Torque market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Torque in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Torque manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
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The following manufacturers are covered:
Facom
Proto
Stahlwille
Tonichi
King Tony
Gedore
Segment by Regions
North America
Korea
Southeast Asia
Europe
China
Segment by Type
Adjustable Click
Preset Click
Electronic Torque
Torque Testers
Screwdriver Torque
Dial Torque
Torque Multipliers
Interchangeable Heads
Segment by Application
Aviation & Aerospace
Oil & Gas
Power Generation
Automotive – Manufacturing
Automotive – Repair & Aftermarket
Heavy Duty Equipment & Engines
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About QYResearch
QYResearch established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.
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