Global Strain Gauges Market 2020-2024

Global Strain Gauges Market 2020-2024

Technavio has been monitoring the strain gauges market and it is poised to grow by USD 64.37 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for strain gauges for field testing and stress and strain analysis, large number of applications of strain gauges in industries and growing demand for medical devices and compatible strain gauges. In addition, increasing demand for strain gauges for field testing and stress and strain analysis is anticipated to boost the growth of the market as well.

The strain gauges market analysis includes application segment and geographical landscapes.

Technavio's strain gauges market is segmented as below:

By Application

  • Force and torque measurement
  • Weighing and lifting equipment
  • Field testing
  • Aerospace and defense
  • Others
By Geographic Landscapes
  • APAC
  • North America
  • Europe
  • MEA
  • South America
This study identifies the development of highly sensitive strain gauges as one of the prime reasons driving the strain gauges market growth during the next few years. Also, gradually increasing the concentration ratio of the market and availability of custom strain gauges will lead to sizable demand in the market.

Technavio 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. Our strain gauges market covers the following areas:
  • Strain gauges market sizing
  • Strain gauges market forecast
  • Strain gauges market industry analysis
Technavio's 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 GEOKON, Haptica Srl, Hitec Products Inc., Hottinger Brüel & Kjaer GmbH, Interface Inc., Kyowa Electronic Instruments Co. Ltd., MinebeaMitsumi Inc., Spectris Plc, Tokyo Measuring Instruments Laboratory Co. Ltd., and Vishay Precision Group Inc. 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 on 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.

Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis - Electronic components
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • Service
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global - Market size and forecast 2019-2024 ($ million), exclusive of COVID- 19 impact
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Application
    • Market segments
      • Table Application - Market share 2019-2024 (%)
    • Comparison by Application
      • Table Comparison by Application
    • Force and torque measurement - Market size and forecast 2019-2024
      • Table Force and torque measurement - Market size and forecast 2019-2024 ($ million)
      • Table Force and torque measurement - Market size and forecast 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Force and torque measurement - Year-over-year growth 2019-2024 (%)
    • Weighing and lifting equipment - Market size and forecast 2019-2024
      • Table Weighing and lifting equipment - Market size and forecast 2019-2024 ($ million)
      • Table Weighing and lifting equipment - Market size and forecast 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Weighing and lifting equipment - Year-over-year growth 2019-2024 (%)
    • Field testing - Market size and forecast 2019-2024
      • Table Field testing - Market size and forecast 2019-2024 ($ million)
      • Table Field testing - Market size and forecast 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Field testing - Year-over-year growth 2019-2024 (%)
    • Aerospace and defense - Market size and forecast 2019-2024
      • Table Aerospace and defense - Market size and forecast 2019-2024 ($ million)
      • Table Aerospace and defense - Market size and forecast 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Aerospace and defense - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ million)
      • Table Others - Market size and forecast 2019-2024 ($ million), exclusive of COVID- 19 impact
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Customer Landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC - Market size and forecast 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America - Market size and forecast 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe - Market size and forecast 2019-2024 ($ million), exclusive of COVID- 19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA - Market size and forecast 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America - Market size and forecast 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing demand for strain gauges for field testing and stress and strain analysis
      • Large number of applications of strain gauges in industries
      • Growing demand for medical devices and compatible strain gauges
    • Market challenges
      • Highly fragmented market
      • Lack of expertise to assess stress patterns in small-scale industries
      • Emergence of substitutes of strain gauges
        • Table Impact of drivers and challenges
    • Market trends
      • Development of highly sensitive strain gauges
      • Gradually increasing concentration ratio of the market
      • Availability of custom strain gauges
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • GEOKON
      • Table GEOKON - Overview
      • Table GEOKON - Product and service
      • Table GEOKON - Key offerings
    • Haptica Srl
      • Table Haptica Srl - Overview
      • Table Haptica Srl - Product and service
      • Table Haptica Srl - Key offerings
    • Hitec Products Inc.
      • Table Hitec Products Inc. - Overview
      • Table Hitec Products Inc. - Product and service
      • Table Hitec Products Inc. - Key offerings
    • Hottinger Brüel & Kjaer GmbH
      • Table Hottinger Brüel & Kjaer GmbH - Overview
      • Table Hottinger Brüel & Kjaer GmbH - Product and service
      • Table Hottinger Brüel & Kjaer GmbH - Key news
      • Table Hottinger Brüel & Kjaer GmbH - Key offerings
    • Interface Inc.
      • Table Interface Inc. - Overview
      • Table Interface Inc. - Product and service
      • Table Interface Inc. - Key offerings
    • Kyowa Electronic Instruments Co. Ltd.
      • Table Kyowa Electronic Instruments Co. Ltd. - Overview
      • Table Kyowa Electronic Instruments Co. Ltd. - Product and service
      • Table Kyowa Electronic Instruments Co. Ltd. - Key offerings
    • MinebeaMitsumi Inc.
      • Table MinebeaMitsumi Inc. - Overview
      • Table MinebeaMitsumi Inc. - Business segments
      • Table MinebeaMitsumi Inc. - Key news
      • Table MinebeaMitsumi Inc. - Key offerings
      • Table MinebeaMitsumi Inc. - Segment focus
    • Spectris Plc
      • Table Spectris Plc - Overview
      • Table Spectris Plc - Business segments
      • Table Spectris Plc - Key news
      • Table Spectris Plc - Key offerings
      • Table Spectris Plc - Segment focus
    • Tokyo Measuring Instruments Laboratory Co. Ltd.
      • Table Tokyo Measuring Instruments Laboratory Co. Ltd. - Overview
      • Table Tokyo Measuring Instruments Laboratory Co. Ltd. - Product and service
      • Table Tokyo Measuring Instruments Laboratory Co. Ltd. - Key offerings
    • Vishay Precision Group Inc.
      • Table Vishay Precision Group Inc. - Overview
      • Table Vishay Precision Group Inc. - Business segments
      • Table Vishay Precision Group Inc. - Key news
      • Table Vishay Precision Group Inc. - Key offerings
      • Table Vishay Precision Group Inc. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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