Torque Limiter Market Size, Share, Industry, Forecast and outlook (2024-2031)

Torque Limiter Market is Segmented By Type (Friction, Balls & Rollers, Others), By Range (Up to 150 Nm, 151-500 Nm, 501-3,000 Nm, Greater than 3,000 Nm), By End-User (Steel Plants & Rolling Mills, Plastic & Rubber, Paper & Printing, Fabricated Metal Manufacturing, Packaging & Labelling, BSFI, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Torque Limiter Market Size

Global Torque Limiter Market reached USD 285.2 million in 2022 and is expected to reach USD 401 million by 2030 growing with a CAGR of 5.0% during the forecast period 2024-2031.

A torque limiter is used to prevent an excessive amount of torque from being transmitted from a power source to a driven object. It is often used to limit the speed of a motor or other drive system and to protect from overloads. Torque limiters are necessary on all industrial machinery because they promote safety and aid in damage prevention, driving the global torque limiter market. 

The global torque limiter market is expected to rise steadily as a result of the growing industrial demand for efficiency and safety. The largest segment, packaging and labelling, is expected to account for around 35% of the global torque limiter market in 2022. Torque limiters continue to be a key component in the packing business as they can open the drive line and decouple masses in fractions of a second, thus avoiding expensive losses.

Torque Limiter Market Scope

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Torque Limiter Market Dynamics and Trends

The Increasing Industrial Automation and Focus on Work Safety

Torque limiters are in high demand due to the growing trend of industrial automation in many industries such as manufacturing, automotive and aerospace. The growing trend towards automation led a number of market players to produce new and advanced automated storage and retrieval systems (AS/RS). 

For example, Honeywell International Inc. announced a new AS/RS system in November 2021 that employs artificial intelligence (AI) and machine learning (ML) to help warehouse and distribution centre operators keep up with the expansion of e-commerce. By preventing excessive torque and overload conditions, torque limiters play an important role in providing the safety and protection of machinery and equipment.

Worker safety is an important concern in industries that use machinery and equipment. Torque limiters are a vital safety component because they protect machinery, operators and other employees from accidents caused by torque overload or unexpected breakdowns of equipment. Torque limiters are employed in such kinds of machinery to ensure accurate control, reducing energy consumption and increasing efficiency.

The Growing Industrial Sector and Advancement in Technology

Torque limiters are in high demand due to the rise of industries such as automotive, manufacturing, construction and mining, among others. These industries rely extensively on machinery and equipment that demand torque limiters for safety, protection and efficiency. Torque limiters increase automated machinery productivity while also driving process effectiveness and minimizing downtime.

Torque limiter design and manufacturing developments have resulted in more dependable, accurate and efficient torque limiters. Advances in technology, such as the use of improved materials, sensors and control systems, have widened the uses and capabilities of torque limiters, driving market expansion.

High Costs and Limited Awareness

Torque limiters are usually more expensive than other mechanical components. The expense of torque limiters, particularly those with advanced features or customized designs, can hamper their widespread adoption, especially among small and medium-sized businesses with limited finances.

The torque limiter market may experience problems due to end-users' lack of awareness and understanding. Some businesses may be unfamiliar of the benefits and applications of torque limiters, as well as their functionality. It may result in slower acceptance and a decline of market growth.

Torque Limiter Market Segment Analysis

The global torque limiter market is segmented based on type, range, end-user and region.

The High Accuracy of Balls & Rollers

During the forecast period balls & rollers type in the global torque limiter market are anticipated to account for approximately 30% of the market. When compared to other types of torque limiters, ball and roller type torque limiters constantly disengage at a predetermined torque value and provide a more constant response. 

Furthermore, they can provide more torque than other varieties. As a result, it is in high demand for usage in a wide range of operations, including food processing, packaging and textile processing. Since the ball and roller torque limiters do not disengage, they continue to transmit torque. As a result, they are mostly used in fail-safe systems in machinery like cranes and conveyors.

Source: DataM Intelligence Analysis (2023)

Torque Limiter Market Geographical Share

The Growing Automotive Industry in Europe

With the growing need for torque limiters in sectors such as automotive, industrial and aerospace, Europe is estimated to account for around 1/3rd of the global torque limiter market in 2022. The increased demand for durable and safe machinery and equipment is expected to drive the market. Torque limiters must be used to assure the dependability and safety of the automobile. 

Torque limiters are required for a variety of automobile components such as the drivetrain, gearbox and engine. With the rising demand for European automobiles, manufacturers such as Daimler, Volkswagen, Fiat-Chrysler Research Centre, Volvo, Opel and Toyota are collaborating to develop more fuel-efficient vehicles. During the forecast period, it is likely to significantly promote the market for torque limiters in the region. 

Source: DataM Intelligence Analysis (2023)

Torque Limiter Market Companies 

The major global players include Rexnord Corporation, Martin Sprocket & Gear, Regal Beloit Americas Inc., ABB Motors and Mechanical Inc., Altra Industrial Motion, Dalton Gear Company, Fenner Drives, Inc., Nexen Group, Inc., KTR Systems GmbH and ComInTec S.r.l.

COVID Impact on Torque Limiter Market 

The epidemic has disrupted global supply networks, impacting torque limiter manufacturing and availability. Lockdown measures, transit limitations and reduced manufacturing capacity have resulted in raw material and component delivery delays, impacting the manufacture and distribution of torque limiters.

During the pandemic, many industries, including automotive, manufacturing and construction, endured slowdowns or temporary shutdowns. As a result of the fall in industrial activity, there was less demand for torque limiters, as fewer new machines and equipment were purchased or operated. 

Russia-Ukraine War Impact

The conflict have a direct impact on Russia and Ukraine's torque markets. Local sectors in these countries may be disrupted, resulting in lower demand for torque items. As a result, the revenue and growth potential of torque suppliers operating in these locations may be impacted. Geopolitical conflicts can have broader economic effects, such as trade interruptions and currency valuation shifts. 

A decrease in overall economic growth and stability can have an impact on a variety of industries, including the torque market, because businesses may reduce or postpone capital spending plans. Local businesses in these countries may be disrupted, resulting in lower demand for torque items. As a result, the revenue and growth potential of torque manufacturers operating in these locations may be impacted.

Key Developments

• After comprehensive market research, data analysis, and testing, Altra Industrial Motion (Shenzhen) Co., Ltd. launched the AO LI XI 4G series Thin Brakes in 2021, focusing "thin" and "light" product design aspects and highlights. The dual voltage brake is perfect for motor and robot applications that demand a small amount of space and weight, such as Cobots, electric grippers, etc. 
• Chr. Mayr GmbH + Co. KG, a prominent manufacturer of safety brakes based in Germany, developed Intelligent safety for tiny brakes in September 2019. It can monitor and provide safety brakes without the need of sensors and has power transmission. It also gives data that contributes to intelligent security. 

Why Purchase the Report?

• To visualize the global torque limiter market segmentation based on type, range, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of torque limiter market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global torque limiter market report would provide approximately 61 tables, 62 figures and 203 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies