June 13, 2024
Torque Limiter Market

The Torque Limiter Market is in Trends by Growing Demand for Safety Equipment

The torque limiter market comprises products that are used to limit the mechanical torque in rotating mechanical equipment to avoid damages from overloading. Torque limiters are commonly used in applications where excessive torque can damage equipment such as gear reducers, conveyors, mixers, centrifuges, presses, and robotics. They help protect against shock loads, overloading and stall conditions by slipping or releasing at a predetermined torque setting. Common torque limiting technologies include friction discs, mechanical springs, hydraulic components, and electronically controlled limiting.

The Torque Limiter Market Size offer key advantages like preventing downtime and equipment damage from torque spikes, increasing productivity by keeping machinery operational, and improving overall system safety. The growing need for safety features in industrial machinery as well as preventing unplanned downtime and repair costs has been driving the demand for torque limiters.

The global torque limiter market is estimated to be valued at US$ 4.70 Bn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the torque limiter market are 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.

The growing demand for torque limiters across industries like automotive, food & beverages, plastics, and metals is expected to drive significant growth. Applications areas including packaging machinery, conveyor systems, mixers, presses, robotics, and gear reducers are witnessing increasing adoption of torque limiters for safety and productivity benefits.

Torque limiter manufacturers are also expanding their global footprint to leverage opportunities in emerging markets like Asia Pacific and Middle East & Africa. Regional production and R&D hubs are being established to better serve the growing international customer base. Strategic partnerships with machinery OEMs are further enhancing the global sales network.

Market Key Trends

One of the key trends gaining traction in the torque limiter market is the rising popularity of electronically controlled and intelligent torque limiting solutions. Advanced digital torque limiters offer enhanced precision and programmability compared to conventional mechanical designs. Features like remote monitoring and adjustment capabilities, data logging, integration with IoT platforms are being incorporated. This allows real-time tuning of torque limits for optimal equipment protection during variable applications. Growing automation and Industry 4.0 adoption will continue spurring innovations around smart torque control products in the coming years.

Porter’s Analysis

Threat of new entrants: The torque limiter market has moderate threat of new entrants due to established brand loyalty of existing players and requirement of high initial investment.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and undifferentiated products.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute components and differentiated innovation by manufacturers.

Threat of new substitutes: Threat of substitution is low as torque limiters have specialized applications and no close substitute.

Competitive rivalry: The market has high competition due to presence of numerous global and regional players.

Geographical Regions

North America holds the largest share in torque limiter market in terms of value due to strong presence of manufacturing industry and developed industrial infrastructure in the region.

Asia Pacific region is expected to be the fastest growing market during the forecast period due to increasing industrialization, rising manufacturing activities, and growing economy in countries like China and India. Rapid economic development and growing applications in industries like automotive, metals and mining, and energy and power will drive the APAC torque limiter market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it