Strain Gauges Market by Application and Geography - Global Forecast and Analysis 2019-2023

Global Strain Gauges Market: About this market

Technavio’s strain gauges market analysis considers sales from both force and torque measurement, weighing and lifting equipment, field testing, aerospace and defense, and others. Our analysis also considers the sales of strain gauges in APAC, Europe, North America, South America, and MEA. In 2018, the force and torque measurement segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing investments in wastewater treatment capacities and biofuel production will play a significant role in the force and torque measurement segment to maintain its market position. Also, our global strain gauges market report looks at factors such as increasing demand for strain gauges or field testing and stress and strain analysis, a large number of applications of strain gauges in industries, and growing demand for medical devices and compatible strain gauges. However, highly fragmented market, lack of expertise to assess stress patterns in small scale industries, and the emergence of substitutes of strain gauges may hamper the growth of the strain gauges industry over the forecast period.

Global Strain Gauges Market: Overview

A large number of applications of strain gauges in industries

The torque applied by rotating equipment such as motors, turbines, engines, wheels, and propellers is measured using torque transducers. Torque transducers are equipped with strain gauges. Most of the industrial facilities such as power plants, refineries, steel and cement mills, and automotive plants are equipped with rotating equipment. Thus, growing investments in industrial facilities usually lead to an increase in the demand for torque transducers and strain gauges for the measurement of torque. This increase in the number of applications of strain gauges will lead to the expansion of the overall market at a CAGR of almost 5% during the forecast period.

Development of highly sensitive strain gauges

Strain gauges are not suitable for applications that require high sensitivity, as they are designed for industrial application exhibiting low sensitivity. Applications such as robotics exhibit strong demand for highly sensitive strain gauges. This is leading the vendors to introduce strain gauges which that are highly sensitive. For instance, MinebeaMitsumi developed a new film to manufacture ultra-high sensitive strain gauge. This film is highly sensitive and has smaller footprints. Moreover, the company believes that this strain gauge can be used in haptic robots or devices and in interface solutions in the automotive industry. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global strain gauges market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global strain gauges market is fragmented. 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 manufacturers, that include Kyowa Electronic Instruments Co. Ltd., Minebea Mitsumi Inc., Spectris Plc, Tokyo Measuring Instruments Laboratory Co. Ltd., 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.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Product overview
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global test and measurement equipment market
      • Table Segments of global test and measurement equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • 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 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Force and torque measurement - Market size and forecast 2018-2023
      • Table Force and torque measurement - Market size and forecast 2018-2023 ($ millions)
      • Table Force and torque measurement - Year-over-year growth 2019-2023 (%)
    • Weighing and lifting equipment - Market size and forecast 2018-2023
      • Table Weighing and lifting equipment - Market size and forecast 2018-2023 ($ millions)
      • Table Weighing and lifting equipment - Year-over-year growth 2019-2023 (%)
    • Field testing - Market size and forecast 2018-2023
      • Table Field testing - Market size and forecast 2018-2023 ($ millions)
      • Table Field testing - Year-over-year growth 2019-2023 (%)
    • Aerospace and defense - Market size and forecast 2018-2023
      • Table Aerospace and defense - Market size and forecast 2018-2023 ($ millions)
      • Table Aerospace and defense - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • 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
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Kyowa Electronic Instruments Co. Ltd.
      • Table Kyowa Electronic Instruments Co. Ltd. - Vendor overview
      • Table Kyowa Electronic Instruments Co. Ltd. - Product segments
      • Table Kyowa Electronic Instruments Co. Ltd. - Organizational developments
      • Table Kyowa Electronic Instruments Co. Ltd. - Key offerings
    • MinebeaMitsumi Inc.
      • Table MinebeaMitsumi Inc. - Vendor overview
      • Table MinebeaMitsumi Inc. - Business segments
      • Table MinebeaMitsumi Inc. - Organizational developments
      • Table MinebeaMitsumi Inc. - Segment focus
      • Table MinebeaMitsumi Inc. - Key offerings
    • Spectris Plc
      • Table Spectris Plc - Vendor overview
      • Table Spectris Plc - Business segments
      • Table Spectris Plc - Organizational developments
      • Table Spectris Plc - Geographic focus
      • Table Spectris Plc - Segment focus
      • Table Spectris Plc - Key offerings
    • Tokyo Measuring Instruments Laboratory Co. Ltd.
      • Table Tokyo Measuring Instruments Laboratory Co. Ltd. - Vendor overview
      • Table Tokyo Measuring Instruments Laboratory Co. Ltd. - Product segments
      • Table Tokyo Measuring Instruments Laboratory Co. Ltd. - Organizational developments
      • Table Tokyo Measuring Instruments Laboratory Co. Ltd. - Key offerings
    • Vishay Precision Group Inc.
      • Table Vishay Precision Group Inc. - Vendor overview
      • Table Vishay Precision Group Inc. - Business segments
      • Table Vishay Precision Group Inc. - Organizational developments
      • Table Vishay Precision Group Inc. - Geographic focus
      • Table Vishay Precision Group Inc. - Segment focus
      • Table Vishay Precision Group Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook