Global Torque Calibration Services Market 2018-2022

The global torque calibration services market size will grow by USD 6.50 million by 2022. This report provides an analysis of the market by application (new installation services and after-sales services) and end-user (process industries and discrete industries). The report also presents a detailed analysis of the market’s growth prospects across regions such as the Americas, APAC, and EMEA.

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Overview of the global torque calibration services market

Technavio’s market research analysts have identified the increasing demand for specialized technical services as one of the primary torque calibration services market drivers in the coming years. The need for technical service is propelling the growth of the market as end-users are on the lookout for enhancing the quality of measurements obtained by torque measuring instruments. Vendors are focusing on producing specialized technical services that are customized and designed for various types of technical instruments. Torque calibration services are incorporated in machines that are tough to handle and involve rotating movements. Torque calibration instruments help in acquiring better results in the overall plant process. Technavio’s market research analysts predict that this global market will post a revenue of more than USD 41 million by 2022.

One of the key torque calibration services market trends is the growing popularity of torque calibration services that act as a one-stop window for services. End-users of the torque calibration services are either process or discrete industries. The one-stop window for all solutions helps in tackling all torque calibration-related issues. One-stop window functions as a facilitator between suppliers and end-users.

Companies covered

The torque calibration services market appears to be fragmented due to the presence of several vendors. This industry research report offers in-depth analysis of the competitive strategies adopted by the vendors to sustain among the competitors in the torque calibration tool market. Technavio’s analysts also study the key market areas along with the product offerings of the vendors in the market.

The torque calibration services market analysis includes an assessment of a number of companies in this marketspace including -

• Endress+Hauser
• Exova
• Fortive
• General Electric
• Siemens
• Transcat

Geographical segmentation and analysis of the torque calibration services market

• Americas
• APAC
• EMEA

Our analysts have predicted that in terms of geographic regions, the torque calibration tool market will witness considerable growth in the Americas during the next few years. This region will be the major contributor to the torque calibration tool market growth till 2022.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global torque calibration services market?
• What are the key market trends impacting the growth of the global torque calibration services market?
• What are the challenges to market growth?
• Who are the key vendors in the global torque calibration services market?
• What are the market opportunities and threats faced by the vendors in the global torque calibration services market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global torque calibration services market?

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