: Lucintel Forecasts the Global Torque Software Market is expected to grow with a CAGR of 8.2% from 2025 to 2031
: Lucintel Forecasts the Global Torque Software Market is expected to grow with a CAGR of 8.2% from 2025 to 2031
Blog Article
According to a market report by Lucintel, the future of the global torque software market looks promising with opportunities in the automobile, machine manufacturing, aerospace, and experimental testing markets. The global torque software market is expected to grow with a CAGR of 8.2% from 2025 to 2031. The major drivers for this market are growing demand for automation & precision engineering, advancements in iot & industry 4.0, and rising focus on quality control and safety standards.
A more than 150-page report to understand trends, opportunity and forecast in torque software market to 2031 by type (PC based and mobile based), application (automobile, machine manufacturing, aerospace, experimental testing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, PC based is expected to witness higher growth over the forecast period due to their greater processing power.
Within the application category, aerospace is expected to witness the highest growth.
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In terms of region, North America is expected to witness the highest growth over the forecast period due to rising demand for automation.
Mecmesin, Crane Electronics, Creosysltd, Tecware, Magtrol, Sturtevant Richmont, Torque IT Solutions, HYTORC, Launch Tech USA, Elm Electronics are the major suppliers in the torque software market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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