TORQUE LIMITER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
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.
The torque limiter market has been growing steadily over the past few years due to its wide applications across various industries. A torque limiter is a safety device that allows a rotating shaft to slip or stall when rotational force exceeds a predefined limit. It protects machinery and equipment from over-torquing which can cause serious damage. Key industries where torque limiters are used include manufacturing, material handling, packaging, textile, mining, and construction among others. They help maximize equipment uptime by preventing failures and reducing downtime for repairs. With growing industrial automation and emphasis on workplace safety, the demand for torque limiters is expected to rise substantially in the coming years.
Market Dynamics:
The global torque limiter market is driven by factors such as rapid industrialization across developing nations, increasing demand for material handling equipment, growing emphasis on operator and equipment safety, and stringent regulations regarding workplace safety. However, high initial costs compared to standard couplings and availability of alternative overload protection devices are some of the factors restraining the market growth. The development of smart torque limiters with advanced features is opening up opportunities for market participants. Key players are focusing on product innovation and expanding into emerging markets which will further support the industry's progress.
Key Features of the Study:
- This report provides an in-depth analysis of the global torque limiter market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global torque limiter market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Rexnord Corporation., Martin Sprocket & Gear., Regal Beloit Americas Inc., ABB Motors and Mechanical Inc., Altra Industrial Motion., Dalton Gear Company., RINGFEDER POWER TRANSMISSION,, Fenner Drives, Inc., Chr. Mayr GmbH + Co. KG., KTR Systems GmbH., Nexen Group, Inc., Howdon,, TSUBAKIMOTO CHAIN CO., Cross+Morse., Industrial Clutch Parts Ltd., ComInTec S.r.l., Mayr GmbH + Co. KG, R+W Antriebselemente GmbH, and RINGSPANN GmbH
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global torque limiter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global torque limiter market
Detailed Segmentation
Detailed Segmentation
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