According to a market report by Lucintel, the future of the Gobal Torque Tester Market looks promising with opportunities in the electrical and electronics manufacturing, automobile and aerospace industry, and plastic and polymer manufacturing markets. The gobal torque tester market is expected to grow with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are increasing demand for accurate torque measurements and growing automation trend.
In this market, torque gauges, torque testers, torque calibrators, torque meter, and screwdrivers torque testers are the major segments of gobal torque tester market by product type.
Lucintel forecasts that torque testers is expected to witness the highest growth over the forecast period due to useful in the automobile sector in a variety of applications.
Within this market, automobile & aerospace industry will remain the largest segment due to deployed during the initial development and production of automobiles.
APAC is expected to witness highest growth over the forecast period due to rapid industrialization.
Sturtevant Richmont, Mecmesin, Flexible Assembly, Imada, Labthink, BAHCO, and SecurePak are the major suppliers in the gobal torque tester market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]