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

Torque Limiter Market, By Type (Friction, Ball and Rollers, and Others), By Range (Up to 150 Nm, 151–500 Nm, 501–3,000 Nm, and Greater than 3,000 Nm ), By End Use (Steel Plants & Rolling Mills, Plastic & Rubber, Paper & Printing, Fabricated Metal Manufacturing, Packaging & Labelling, Energy & Power, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : May 2024
  • Code : CMI7014
  • Pages :166
  • Formats :
      Excel and PDF
  • Industry : Semiconductors

Regional Analysis

Torque Limiter Market Regional Insights

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North America has established itself as the dominant region in the global torque limiter with market share of 39.5% in 2024. The presence of major automotive and industrial manufacturing hubs in the U.S. and Canada has propelled the demand for torque limiters in this region. With the strong automotive aftermarket in the U.S., torque limiters find widespread applications for repair and maintenance purposes. In addition, strong emphasis on workplace safety and productivity in the industrial sector have increased the adoption of torque limiters.

The major industry participants in North America focus on innovating their product portfolio and catering to specific customer needs to maintain dominance. Stringent manufacturing standards facilitate the production of high-quality torque limiters. Furthermore, the region is known for its early adoption of advanced technologies which aid incorporation of newer materials and develop customized torque limiters. Easy availability of raw materials and components within the region also make North America a lucrative manufacturing base for torque limiters.

The Asia Pacific region has emerged as the fastest growing regional market for torque limiters globally. With countries like China, Japan, and India driving strong demand from the automotive, machinery, and industrial automation sectors, the requirement for torque limiters is increasing at a rapid pace. Rapid industrialization and infrastructure development contribute significantly to the Asia Pacific's rising prominence.

China, in particular, has established itself as a major manufacturer and exporter of automotive and industrial equipment. Hence, the need for dependable torque control solutions is gaining traction. Additionally, industry participants view Asia Pacific as an attractive outsourcing hub which adds to the regional supply. Furthermore, the availability of relatively cheaper labor and raw materials provides a competitive advantage for torque limiter production in Asia Pacific. Overall, with its massive industrial and machinery sectors, Asia Pacific is expected to be at the forefront of the global torque limiter demand.

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