The global Torque market was valued at 9.58 Million USD in 2021 and will grow with a CAGR of 3.5% from 2021 to 2027, based on newly published Research report.
In the forecast period of 2022-2027, the global “Torque Market” is expected to grow at a steady rate, according to an Torque Market report, which summarizes the key aspects of the market, as well as the leading key players, leading regions, and key applications. The report focuses on both qualitative and quantitative aspects of the market growth over 2022-2027. It contains pages of 123 with detailed analysis, which is followed by a table of contents.
During the COVID-19 period, the global economy may be affected in three different ways: directly as it relates to production and demand, indirectly as it relates to supply chains and markets, and as a result of its financial consequences on firms and financial markets. Analysts monitoring the situation around the world explain that producers will be rewarded after the COVID-19 crisis. In this report, we provide an additional illustration of the latest economic slowdown, COVID-19 impact on the industry, and the latest scenario.
Final Report will add the analysis of the impact of COVID-19 on this industry.
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This Torque Market report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of the Torque Market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified primary sources.
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The research covers the current Rectifiers market size of the market and its growth rates based on 6-year records with a company outline ofKey Players/Manufacturers:
- Facom
- Proto
- Stahlwille
- Tonichi
- King Tony
- Gedore
Torque Market Analysis and Insights:
The Global Torque Market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2027. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
The global Torque market was valued at 9.58 Million USD in 2021 and will grow with a CAGR of 3.5% from 2021 to 2027, based on newly published Research report.
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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 USUSD35 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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The report further studies the market development status and future Torque Market trend across the world. Also, it splits Torque Market Segmentation by Type and by Application to fully and deeply research and reveal market profile and prospects.
On the basis of product typethis report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
- Adjustable Click
- Preset Click
- Electronic Torque
- Torque Testers
- Screwdriver Torque
- Dial Torque
- Torque Multipliers
- Interchangeable Heads
On the basis of the end users/applications,this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:
- Aviation and Aerospace
- Oil and Gas
- Power Generation
- Automotive – Manufacturing
- Automotive – Repair and Aftermarket
- Heavy Duty Equipment and Engines
Chapters 7-26 focus on the regional market. We have selected the most representative20 countriesfrom197 countriesin the world and conducted a detailed analysis and overview of the market development of these countries.
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and 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)
Some of the key questions answered in this report:
- What is the global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) sales value, production value, consumption value, import and export of Torque?
- Who are the global key manufacturers of the Torque Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Torque market opportunities and threats faced by the vendors in the global Torque Industry?
- Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
- What focused approach and constraints are holding the Torque market?
- What are the different sales, marketing, and distribution channels in the global industry?
- What are the upstream raw materials and manufacturing equipment of Torque along with the manufacturing process of Torque?
- What are the key market trends impacting the growth of the Torque market?
- Economic impact on the Torque industry and development trend of the Torque industry.
- What are the market opportunities, market risk, and market overview of the Torque market?
- What are the key drivers, restraints, opportunities, and challenges of the Torque market, and how they are expected to impact the market?
- What is the Torque market size at the regional and country-level?
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Major Points from Table of Contents
Global Torque Market Research Report 2022-2027, by Manufacturers, Regions, Types and Applications
1 Introduction
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2017-2027)
1.5 Currency Considered (U.S. Dollar)
1.6 Stakeholders
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Torque Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Torque Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Torque Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.4 Distributors/Traders
4.5 Downstream Major Customer Analysis (by Region)
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5 Global Torque Market-Segmentation by Type
6 Global Torque Market-Segmentation by Application
7 Global Torque Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
8 Competitive Intelligence Company Profiles
9 Global Torque Market-Segmentation by Geography
9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Latin America
9.5 Middle East and Africa
10 Future Forecast of the Global Torque Market from 2022-2027
10.1 Future Forecast of the Global Torque Market from (2022-2027) Segment by Region
10.2 Global Torque Production and Growth Rate Forecast by Type (2022-2027)
10.3 Global Torque Consumption and Growth Rate Forecast by Application (2022-2027)
11 Appendix
11.1 Methodology
12.2 Research Data Source
Continued….
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