TORQUE LIMITER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Size and Trends

The torque limiter market is estimated to be valued at USD 3.14 Bn in 2024 and is expected to reach USD 4.70 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.

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The torque limiter market is expected to witness positive growth over the forecast period. The growing demand from industrial machinery and automotive industry is expected to drive the market growth. Torque limiters find widespread applications in machinery to prevent costly damage to gears and other components from over torque. In the automotive industry, torque limiters help improve drivetrain efficiency and reduce wear and tear. The rising installation of torque limiters in electric vehicles to monitor motor output is expected to offer new opportunities for market growth. Overall, increased investments in industrial automation across various end-use industries will boost the adoption of torque limiters through 2031.

Growing automation in manufacturing processes

With rapid advancements in robotics and artificial intelligence, automation has greatly expanded across various manufacturing sectors in recent years. Robots are being utilized for diverse manufacturing activities that involve lifting heavy parts, performing repetitive tasks, working in hazardous environments, and achieving precision that humans may find difficult. However, uncontrolled torque in robotic joints and linkages during operation can cause damage to both machinery and products. Torque limiters play a vital role in preventing such issues by cutting off power transmission beyond safe torque levels.

As industries automate more of their production lines with robots, the demand for torque limiters is surging to ensure safety. Automotive companies are significantly automating their vehicle and component assembly with robots. Even small and medium enterprises are adopting basic robotics for mundane and risk-prone tasks like spraying paints or welding parts. This widespread automation phenomenon has prompted greater awareness among manufacturers about integrating appropriate torque control methods. Torque limiters protect expensive robots and automated machinery from breakage during unplanned situations. They reduce downtime and associated maintenance costs for companies. With global manufacturing expected to become more technology-intensive in future, the need for robust torque control solutions like torque limiters will keep rising steadily.

International regulatory bodies like the European Union and Occupational Safety and Health Administration have stipulated stringent guidelines in recent years regarding safety of industrial equipment and machinery used in workplaces. Employers are legally obligated to comply with these standards to protect workers from accidents. Any industrial device that involves risk of uncontrolled torque now needs to integrate certified safety features. Torque limiters have emerged as one of the most effective solutions to adhere to workplace safety laws.

Many industries which employ a large manufacturing and assembly workforce like food and beverage, packaging, mining, energy, and construction increasingly rely on various power tools and automated machinery. Unintended torque surges in rotating parts or linkages of these machines can lead to serious injuries. Incorporating torque limiters set at exact load limits has now become imperative from a regulatory perspective. Manufacturers cannot afford legal non-compliance which can invite hefty penalties. This drives the need to outfit more industrial machines with reliable torque control systems like limiters that offer verifiable safety. Stricter implementation of safety norms across key global markets will propel the demand for proven torque limiting technology in the coming years.