Torsion Tester Market

Torsion Tester Market Snapshot (2022-2032)

Global torsion tester demand is anticipated to be valued at USD 24 Billion in 2022, forecast to grow at a CAGR of 5% to be valued at USD 39.09 Billion from 2022 to 2032.

The growing demand for torsion testers is due to the availability of different operation technologies such as electromechanical, electric and servo hydraulic.

Report Attribute	Details
Estimated Base Year Value (2021)	USD 22.86 Billion
Expected Market Value (2022)	USD 24 Billion
Anticipated Forecast Value (2032)	USD 39.09 Billion
Projected Growth Rate (2022 to 2032)	5% CAGR

Torsion tester consists of a test controller, testing software with easy setup, testing table with rotary motor or actuator, position sensors and power source. Torsion tester is available in both vertical and horizontal orientation. Torsion tester is used for the analysis of torsional strength of different materials such as metals, plastic, composites, wood etc.

Which are Some Prominent Drivers Spearheading Torsion Tester Market Growth?

Growing population and increased urbanization is leading to a surge in building and construction activities. Growth of the building & construction industry will propel the demand for torsion testers. Growing automotive production owing to the increasing spending capacity, has led to the growth of the automotive industry.

Growth of the automotive industry will fuel the demand for torsion testers. Owing to the constant research and development activities and advancement of medical science is boosting the demand for torsion testers for testing of medical devices.

Growth of the aerospace industry and increasing metal fabrication activities due to growing industrialization across the world is increasing the demand for torsion testers. Increasing focus towards maintaining quality of products and keeping the safety standards and norms are among the other factors responsible for the growth of torsion tester market.

Rising emphasis towards product innovation and modification is having a positive impact on the torsion tester market. Slightly less product awareness and high price of torsion testers will hinder the growth of torsion tester market.

Region-wise Insights

Why is the Asia Pacific Region Emerging as an Opportunistic Torsion tester Market?

Increasing population and urbanization along with technological advancement is leading to the growth of building & construction industry in Asia Pacific region, also there is increasing automotive production and industrialization in Asia Pacific region, owing to the above factors Asia Pacific is estimated to be a prominent market for torsion tester.

How is Europe and North America Region Contributing to Growth of the Torsion Tester Market?

According to Future Market Insights, there is predominance of the automotive industry in the Europe region, also the increasing building and construction activities makes Europe a significant market for torsion testers. In the regions such as North America there is significant presence of the automotive & aerospace industry.

Also, an increase in building and construction projects and growing industrialization is expected to make North America a potential market. Regions such as Latin America along with Middle East & Africa will together make a potential market for torsion testers owing to the increasing demand from various end use applications.

Market Competition

Currently, the market is considerably competitive, with continuous product and technology developments by established as well as new players. Some of the key players in the torsion tester market are Shimadzu Corporation, Test Resources, FORM+TEST GmbH, Gotech Testing Machines Inc., Qualitest International Inc., Illinois Tool Works Inc., Tinius Olsen TMC, and Nordson Corporation among others.

Attributed to the presence of such a high number of participants, the market is highly competitive. a torsion tester market report also contains projections using a suitable set of assumptions and methodologies. Global torsion tester research report provides analysis and information according to market segments such as geographies, application, and industry. Globally, the torsion tester market is expected to be fragmented in nature owing to the presence of a large number of players in the local as well as global market.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 5% from 2022 to 2032
Market Value for 2022	USD 24 Billion
Market Value for 2032	USD 39.09 Billion
Base Year for Estimation	2021
Historical Data	2015 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Type, Frequency Range, Material Type, End-use Application, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Mexico, Chile, Peru, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Russia, Poland, China, India, ASEAN, South Korea, GCC, South Africa, Turkey
Key Companies Profiled	Shimadzu Corporation; Test Resources; FORM+TEST GmbH; Gotech Testing Machines Inc.; Qualitest International Inc.; Illinois Tool Works Inc.; Tinius Olsen TMC; Nordson Corporation
Customization	Available Upon Request

Table of Content

• 1. Executive Summary
• 2. Industry Introduction, including Taxonomy and Market Definition
• 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
• 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
• 5. Pricing Analysis
• 6. Global Market Analysis and Forecast
  • 6.1. Market By Type
  • 6.2. Market By Frequency Range
  • 6.3. Market By Material Type
  • 6.4. Market By End Use Application
• 7. Global Market Analysis and Forecast, By Type
  • 7.1. Electromechanical Torsion Testers
  • 7.2. Electric Torsion Testers
  • 7.3. Servo Hydraulic Torsion Testers
• 8. Global Market Analysis and Forecast, By Frequency Range
  • 8.1. Torsion Testers below 10 Hz
  • 8.2. Torsion Testers from 10-15 Hz
  • 8.3. Torsion Testers above 15 Hz
• 9. Global Market Analysis and Forecast, By Material Type
  • 9.1. Plastic Torsion Testers
  • 9.2. Wood Torsion Testers
  • 9.3. Composite Torsion Testers
  • 9.4. Metal Torsion Testers
• 10. Global Market Analysis and Forecast, By End Use Application
  • 10.1. Torsion Tester for Building & Construction
  • 10.2. Torsion Tester for Automotive
  • 10.3. Torsion Tester for Aerospace
  • 10.4. Torsion Tester for Medical Applications
  • 10.5. Torsion Tester for Metal Fabrication
  • 10.6. Torsion Tester for Other Applications
• 11. Global Market Analysis and Forecast, By Region
  • 11.1. North America
  • 11.2. Latin America
  • 11.3. Western Europe
  • 11.4. Eastern Europe
  • 11.5. APEJ
  • 11.6. Japan
  • 11.7. Middle East and Africa
• 12. North America Sales Analysis and Forecast, by Key Segments and Countries
• 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries
• 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
• 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
• 16. APEJ Sales Analysis and Forecast, by Key Segments and Countries
• 17. Japan Sales Analysis and Forecast, by Key Segments and Countries
• 18. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries
• 19. Sales Forecast by Type, Frequency Range, Material Type, and End Use Application for 30 Countries
• 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
• 21. Company Profile
  • 21.1. Shimadzu Corporation
  • 21.2. Test Resources; FORM+TEST GmbH
  • 21.3. Gotech Testing Machines Inc.
  • 21.4. Qualitest International Inc.
  • 21.5. Illinois Tool Works Inc.
  • 21.6. Tinius Olsen TMC
  • 21.7. Nordson Corporation