Product Code: IRTNTR44814
The strain gauges market is forecasted to grow by USD 87 mn during 2023-2028, accelerating at a CAGR of 3.62% during the forecast period. The report on the strain gauges market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for strain gauges for field testing and stress and strain analysis, number of applications of strain gauges in industries, and growing demand for medical devices and compatible strain gauges.
Technavio's strain gauges market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 3.45% |
CAGR | 3.62% |
Incremental Value | $87 mn |
By Application
- Force and torque measurement
- Weighing and lifting equipment
- Field testing
- Aerospace and defense
- Others
By Type
- Quarter bridge strain gauge
- Strain gauge rosettes
- Piezoresistor
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the advancements in material science and nanotechnology as one of the prime reasons driving the strain gauges market growth during the next few years. Also, rising adoption of iot and smart manufacturing and availability of custom strain gauges will lead to sizable demand in the market.
The report on the strain gauges market covers the following areas:
- Strain gauges market sizing
- Strain gauges market forecast
- Strain gauges market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading strain gauges market vendors that include Anyload, BCM SENSOR TECHNOLOGIES bvba, FUTEK Advanced Sensor Technology Inc., Guangzhou Electrical Measuring Instruments Factory, Hottinger Bruel and Kjaer GmbH, Indutrade AB, KeLi Sensing Technology Ningbo Co. Ltd., Kistler Group, KYOWA ELECTRONIC INSTRUMENTS CO. LTD., Mettler Toledo International Inc., Micron Instruments, MinebeaMitsumi Inc., Omega Engineering Inc., Spectris Plc, Thames Side Sensors Ltd., Tokyo Measuring Instruments Laboratory Co. Ltd., Vishay Precision Group Inc., Xiamen Loadcell Technology Co. Ltd., Zemic Europe BV, and Zhejiang Huangyan Testing Apparatus Factory. Also, the strain gauges market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Strain Gauges Market 2018 - 2022
- Historic Market Size - Data Table on Global Strain Gauges Market 2018 - 2022 ($ million)
- 4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
- 4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 6.3 Force and torque measurement - Market size and forecast 2023-2028
- Chart on Force and torque measurement - Market size and forecast 2023-2028 ($ million)
- Data Table on Force and torque measurement - Market size and forecast 2023-2028 ($ million)
- Chart on Force and torque measurement - Year-over-year growth 2023-2028 (%)
- Data Table on Force and torque measurement - Year-over-year growth 2023-2028 (%)
- 6.4 Weighing and lifting equipment - Market size and forecast 2023-2028
- Chart on Weighing and lifting equipment - Market size and forecast 2023-2028 ($ million)
- Data Table on Weighing and lifting equipment - Market size and forecast 2023-2028 ($ million)
- Chart on Weighing and lifting equipment - Year-over-year growth 2023-2028 (%)
- Data Table on Weighing and lifting equipment - Year-over-year growth 2023-2028 (%)
- 6.5 Field testing - Market size and forecast 2023-2028
- Chart on Field testing - Market size and forecast 2023-2028 ($ million)
- Data Table on Field testing - Market size and forecast 2023-2028 ($ million)
- Chart on Field testing - Year-over-year growth 2023-2028 (%)
- Data Table on Field testing - Year-over-year growth 2023-2028 (%)
- 6.6 Aerospace and defense - Market size and forecast 2023-2028
- Chart on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
- Data Table on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
- Chart on Aerospace and defense - Year-over-year growth 2023-2028 (%)
- Data Table on Aerospace and defense - Year-over-year growth 2023-2028 (%)
- 6.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 6.8 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 Quarter bridge strain gauge - Market size and forecast 2023-2028
- Chart on Quarter bridge strain gauge - Market size and forecast 2023-2028 ($ million)
- Data Table on Quarter bridge strain gauge - Market size and forecast 2023-2028 ($ million)
- Chart on Quarter bridge strain gauge - Year-over-year growth 2023-2028 (%)
- Data Table on Quarter bridge strain gauge - Year-over-year growth 2023-2028 (%)
- 7.4 Strain gauge rosettes - Market size and forecast 2023-2028
- Chart on Strain gauge rosettes - Market size and forecast 2023-2028 ($ million)
- Data Table on Strain gauge rosettes - Market size and forecast 2023-2028 ($ million)
- Chart on Strain gauge rosettes - Year-over-year growth 2023-2028 (%)
- Data Table on Strain gauge rosettes - Year-over-year growth 2023-2028 (%)
- 7.5 Piezoresistor - Market size and forecast 2023-2028
- Chart on Piezoresistor - Market size and forecast 2023-2028 ($ million)
- Data Table on Piezoresistor - Market size and forecast 2023-2028 ($ million)
- Chart on Piezoresistor - Year-over-year growth 2023-2028 (%)
- Data Table on Piezoresistor - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.12 Brazil - Market size and forecast 2023-2028
- Chart on Brazil - Market size and forecast 2023-2028 ($ million)
- Data Table on Brazil - Market size and forecast 2023-2028 ($ million)
- Chart on Brazil - Year-over-year growth 2023-2028 (%)
- Data Table on Brazil - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Anyload
- Anyload - Overview
- Anyload - Product / Service
- Anyload - Key offerings
- 12.4 BCM SENSOR TECHNOLOGIES bvba
- BCM SENSOR TECHNOLOGIES bvba - Overview
- BCM SENSOR TECHNOLOGIES bvba - Product / Service
- BCM SENSOR TECHNOLOGIES bvba - Key offerings
- 12.5 Guangzhou Electrical Measuring Instruments Factory
- Guangzhou Electrical Measuring Instruments Factory - Overview
- Guangzhou Electrical Measuring Instruments Factory - Product / Service
- Guangzhou Electrical Measuring Instruments Factory - Key offerings
- 12.6 Hottinger Bruel and Kjaer GmbH
- Hottinger Bruel and Kjaer GmbH - Overview
- Hottinger Bruel and Kjaer GmbH - Product / Service
- Hottinger Bruel and Kjaer GmbH - Key offerings
- 12.7 Indutrade AB
- Indutrade AB - Overview
- Indutrade AB - Business segments
- Indutrade AB - Key offerings
- Indutrade AB - Segment focus
- 12.8 KeLi Sensing Technology Ningbo Co. Ltd.
- KeLi Sensing Technology Ningbo Co. Ltd. - Overview
- KeLi Sensing Technology Ningbo Co. Ltd. - Product / Service
- KeLi Sensing Technology Ningbo Co. Ltd. - Key offerings
- 12.9 KYOWA ELECTRONIC INSTRUMENTS CO. LTD.
- KYOWA ELECTRONIC INSTRUMENTS CO. LTD. - Overview
- KYOWA ELECTRONIC INSTRUMENTS CO. LTD. - Product / Service
- KYOWA ELECTRONIC INSTRUMENTS CO. LTD. - Key offerings
- 12.10 Mettler Toledo International Inc.
- Mettler Toledo International Inc. - Overview
- Mettler Toledo International Inc. - Business segments
- Mettler Toledo International Inc. - Key news
- Mettler Toledo International Inc. - Key offerings
- Mettler Toledo International Inc. - Segment focus
- 12.11 MinebeaMitsumi Inc.
- MinebeaMitsumi Inc. - Overview
- MinebeaMitsumi Inc. - Business segments
- MinebeaMitsumi Inc. - Key offerings
- MinebeaMitsumi Inc. - Segment focus
- 12.12 Omega Engineering Inc.
- Omega Engineering Inc. - Overview
- Omega Engineering Inc. - Product / Service
- Omega Engineering Inc. - Key offerings
- 12.13 Tokyo Measuring Instruments Laboratory Co. Ltd.
- Tokyo Measuring Instruments Laboratory Co. Ltd. - Overview
- Tokyo Measuring Instruments Laboratory Co. Ltd. - Product / Service
- Tokyo Measuring Instruments Laboratory Co. Ltd. - Key offerings
- 12.14 Vishay Precision Group Inc.
- Vishay Precision Group Inc. - Overview
- Vishay Precision Group Inc. - Business segments
- Vishay Precision Group Inc. - Key offerings
- Vishay Precision Group Inc. - Segment focus
- 12.15 Xiamen Loadcell Technology Co. Ltd.
- Xiamen Loadcell Technology Co. Ltd. - Overview
- Xiamen Loadcell Technology Co. Ltd. - Product / Service
- Xiamen Loadcell Technology Co. Ltd. - Key offerings
- 12.16 Zemic Europe BV
- Zemic Europe BV - Overview
- Zemic Europe BV - Product / Service
- Zemic Europe BV - Key offerings
- 12.17 Zhejiang Huangyan Testing Apparatus Factory
- Zhejiang Huangyan Testing Apparatus Factory - Overview
- Zhejiang Huangyan Testing Apparatus Factory - Product / Service
- Zhejiang Huangyan Testing Apparatus Factory - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations