Torque Measuring Shafts Market size was valued at USD 400 Million in 2024 and is projected to reach USD 700 Million by 2033, exhibiting a CAGR of 7.5% from 2026 to 2033.
In 2023, the global Torque Measuring Shafts market was valued at approximately USD 235 million and is projected to reach USD 390 million by 2030, reflecting a compound annual growth rate (CAGR) of 7.3% during the forecast period. Regionally, Asia Pacific dominated the market, accounting for 36% of the global share in 2023. This dominance is attributed to the regions robust manufacturing industries and the increasing adoption of torque measurement technologies in countries like China and India. North America is anticipated to experience the fastest growth rate in the Torque Measuring Shafts market over the forecast period. This surge is driven by advancements in the aerospace sector and substantial investments in research and development within the United States and Canada. Additionally, the rising demand in the automotive, medical, and robotics industries contributes to the markets expansion in this region. Europe also holds a significant market share, with countries such as Germany, France, and the United Kingdom leading due to their strong industrial bases and emphasis on precision engineering. The increasing integration of Internet of Things (IoT) and Artificial Intelligence (AI) technologies in torque measurement solutions presents new opportunities across all regions, enhancing real time monitoring and predictive maintenance capabilities.
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KTR
Kistler
HBM (Spectris)
ATESTEO
MANNER Sensortelemetrie
Omega
Octogon
KYOWA ELECTRONIC INSTRUMENTS
KA Sensors
TERCO
MagCanica
Datum
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Torque Measuring Shafts Market
Static Torque Measuring Shafts
Dynamic Torque Measuring Shafts
Portable Torque Measuring Shafts
Fixed Torque Measuring Shafts
Steel
Aluminum
Composite Materials
Plastic
Automotive Industry
Aerospace and Defense
Industrial Machinery
Renewable Energy
Consumer Electronics
Original Equipment Manufacturers (OEMs)
Maintenance, Repair, and Overhaul (MRO)
Research and Development (R&D)
Educational Institutions
Mechanical Torque Measuring Techniques
Electrical Torque Measurement Systems
Optical Torque Measurement Systems
Wireless Torque Monitoring Solutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Torque Measuring Shafts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Torque Measuring Shafts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Torque Measuring Shafts Market, By Type
6. Global Torque Measuring Shafts Market, By Application
7. Global Torque Measuring Shafts Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Torque Measuring Shafts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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