The global Torque market was valued at US$ 9 million in 2019 and it is expected to reach US$ 12 million by the end of 2026, growing at a CAGR of 3.5% during 2021-2026.
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.
Global Torque Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Torque Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Facom, Proto, Stahlwille, Tonichi, King Tony, Gedore and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-torque-market-research-report
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
Table of Content:
1 Torque Market Overview
2 Torque Market Competition by Manufacturers
3 Torque Retrospective Market Scenario by Region
4 Global Torque Historic Market Analysis by Type
5 Global Torque Historic Market Analysis by Application
6 Key Companies Profiled
7 Torque Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Torque Market Dynamics
10 Global Torque Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.