Torque Wrenches Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
2860 | Date :
Jan, 2023 | Pages :
180 | Region : Global |
Publisher : 99 Strategy
A torque wrench is a fastening or bolting tool used to apply an appropriate amount of torque or limit the amount of torque that is applied on the fastener, to prevent excess or under-tightening.
The latest trend gaining momentum in the market is product innovations. Over the years, the global torque wrenches market has witnessed several innovations in the design of torque wrenches and the material used for manufacturing them, making them more reliable and efficient in fastening applications. These innovations allow greater differentiation between product offerings from different vendors, leading to the growth of the market.
One of the major drivers for this market is growing automotive industry. The automotive industry is the single largest end-user of torque wrenches globally, which are extensively used in automobile production facilities, and for repair and maintenance of vehicles in workshops and home. Therefore, the growth in global automobile production and sales during the forecast period is expected to significantly accelerate the demand for wrenches.
The Global Torque Wrenches Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023-2030.
In the global Torque Wrenches Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Armstrong Tools
Atlas Copco Industrial Technique
Beta Utensili
Crane Electronics
ENERPAC
GearWrench
GEDORE Tool Center
GRIPHOLD ENGINEERING
HTL (Hire Torque Ltd)
HYTORC
Ingersoll Rand-
Mountz
RAD Torque Systems
SAM OUTILLAGE
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Hydraulic
Pneumatic
Manual
Electric
In Market segmentation by applications :
Commercial
Household
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Torque Wrenches Market for the forecast period 2023-2030?
• What are the driving forces in the Torque Wrenches Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Torque Wrenches industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
Table of Contents
1 Report Overview
1.1 Research Scope
1.2 Major Manufacturers Covered in This Report
1.3 Market Segment by Type
1.3.1 Global Torque Wrenches Market Size Growth Rate by Type (2020-2030)
1.3.2 Hydraulic
1.3.3 Pneumatic
1.3.4 Manual
1.3.5 Electric
1.4 Market Segment by Application
1.4.1 Global Torque Wrenches Market Share by Application (2020-2030)
1.4.2 Commercial
1.4.3 Household
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Production and Capacity Analysis
2.1.1 Global Torque Wrenches Production Value 2015-2030
2.1.2 Global Torque Wrenches Production 2015-2030
2.1.3 Global Torque Wrenches Capacity 2015-2030
2.1.4 Global Torque Wrenches Marketing Pricing and Trends
2.2 Key Producers Growth Rate (CAGR) 2020-2030
2.2.1 Global Torque Wrenches Market Size CAGR of Key Regions
2.2.2 Global Torque Wrenches Market Share of Key Regions
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
3 Market Share by Manufacturers
3.1 Capacity and Production by Manufacturers
3.1.1 Global Torque Wrenches Capacity by Manufacturers
3.1.2 Global Torque Wrenches Production by Manufacturers
3.2 Revenue by Manufacturers
3.2.1 Torque Wrenches Revenue by Manufacturers (2018 - 2022)
3.2.2 Torque Wrenches Revenue Share by Manufacturers (2018 - 2022)
3.2.3 Global Torque Wrenches Market Concentration Ratio (CR5 and HHI)
3.3 Torque Wrenches Price by Manufacturers
3.4 Key Manufacturers Torque Wrenches Plants/Factories Distribution and Area Served
3.5 Date of Key Manufacturers Enter into Torque Wrenches Market
3.6 Key Manufacturers Torque Wrenches Product Offered
3.7 Mergers & Acquisitions, Expansion Plans
4 Market Size by Type
4.1 Production and Production Value for Each Type
4.1.1 Hydraulic Production and Production Value (2018 - 2022)
4.1.2 Pneumatic Production and Production Value (2018 - 2022)
4.1.3 Manual Production and Production Value (2018 - 2022)
4.1.4 Electric Production and Production Value (2018 - 2022)
4.2 Global Torque Wrenches Production Market Share by Type
4.3 Global Torque Wrenches Production Value Market Share by Type
4.4 Torque Wrenches Ex-factory Price by Type
5 Market Size by Application
5.1 Overview
5.2 Global Torque Wrenches Consumption by Application
6 Production by Regions
6.1 Global Torque Wrenches Production (History Data) by Regions 2018 - 2022
6.2 Global Torque Wrenches Production Value (History Data) by Regions
6.3 United States
6.3.1 United States Torque Wrenches Production Growth Rate 2018 - 2022
6.3.2 United States Torque Wrenches Production Value Growth Rate 2018 - 2022
6.3.3 Key Players in United States
6.3.4 United States Torque Wrenches Import & Export
6.4 European Union
6.4.1 European Union Torque Wrenches Production Growth Rate 2018 - 2022
6.4.2 European Union Torque Wrenches Production Value Growth Rate 2018 - 2022
6.4.3 Key Players in European Union
6.4.4 European Union Torque Wrenches Import & Export
6.5 China
6.5.1 China Torque Wrenches Production Growth Rate 2018 - 2022
6.5.2 China Torque Wrenches Production Value Growth Rate 2018 - 2022
6.5.3 Key Players in China
6.5.4 China Torque Wrenches Import & Export
6.6 Rest of World
6.6.1 Japan
6.6.2 Korea
6.6.3 India
6.6.4 Southeast Asia
7 Torque Wrenches Consumption by Regions
7.1 Global Torque Wrenches Consumption (History Data) by Regions
7.2 United States
7.2.1 United States Torque Wrenches Consumption by Type
7.2.2 United States Torque Wrenches Consumption by Application
7.3 European Union
7.3.1 European Union Torque Wrenches Consumption by Type
7.3.2 European Union Torque Wrenches Consumption by Application
7.4 China
7.4.1 China Torque Wrenches Consumption by Type
7.4.2 China Torque Wrenches Consumption by Application
7.5 Rest of World
7.5.1 Rest of World Torque Wrenches Consumption by Type
7.5.2 Rest of World Torque Wrenches Consumption by Application
7.5.1 Japan
7.5.2 Korea
7.5.3 India
7.5.4 Southeast Asia
8 Company Profiles
8.1 Armstrong Tools
8.1.1 Armstrong Tools Company Details
8.1.2 Company Description and Business Overview
8.1.3 Production and Revenue of Torque Wrenches
8.1.4 Torque Wrenches Product Introduction
8.1.5 Armstrong Tools Recent Development
8.2 Atlas Copco Industrial Technique
8.2.1 Atlas Copco Industrial Technique Company Details
8.2.2 Company Description and Business Overview
8.2.3 Production and Revenue of Torque Wrenches
8.2.4 Torque Wrenches Product Introduction
8.2.5 Atlas Copco Industrial Technique Recent Development
8.3 Beta Utensili
8.3.1 Beta Utensili Company Details
8.3.2 Company Description and Business Overview
8.3.3 Production and Revenue of Torque Wrenches
8.3.4 Torque Wrenches Product Introduction
8.3.5 Beta Utensili Recent Development
8.4 Crane Electronics
8.4.1 Crane Electronics Company Details
8.4.2 Company Description and Business Overview
8.4.3 Production and Revenue of Torque Wrenches
8.4.4 Torque Wrenches Product Introduction
8.4.5 Crane Electronics Recent Development
8.5 ENERPAC
8.5.1 ENERPAC Company Details
8.5.2 Company Description and Business Overview
8.5.3 Production and Revenue of Torque Wrenches
8.5.4 Torque Wrenches Product Introduction
8.5.5 ENERPAC Recent Development
8.6 GearWrench
8.6.1 GearWrench Company Details
8.6.2 Company Description and Business Overview
8.6.3 Production and Revenue of Torque Wrenches
8.6.4 Torque Wrenches Product Introduction
8.6.5 GearWrench Recent Development
8.7 GEDORE Tool Center
8.7.1 GEDORE Tool Center Company Details
8.7.2 Company Description and Business Overview
8.7.3 Production and Revenue of Torque Wrenches
8.7.4 Torque Wrenches Product Introduction
8.7.5 GEDORE Tool Center Recent Development
8.8 GRIPHOLD ENGINEERING
8.8.1 GRIPHOLD ENGINEERING Company Details
8.8.2 Company Description and Business Overview
8.8.3 Production and Revenue of Torque Wrenches
8.8.4 Torque Wrenches Product Introduction
8.8.5 GRIPHOLD ENGINEERING Recent Development
8.9 HTL (Hire Torque Ltd)
8.9.1 HTL (Hire Torque Ltd) Company Details
8.9.2 Company Description and Business Overview
8.9.3 Production and Revenue of Torque Wrenches
8.9.4 Torque Wrenches Product Introduction
8.9.5 HTL (Hire Torque Ltd) Recent Development
8.10 HYTORC
8.10.1 HYTORC Company Details
8.10.2 Company Description and Business Overview
8.10.3 Production and Revenue of Torque Wrenches
8.10.4 Torque Wrenches Product Introduction
8.10.5 HYTORC Recent Development
8.11 Ingersoll Rand-
8.12 Mountz
8.13 RAD Torque Systems
8.14 SAM OUTILLAGE
9 Market Forecast
9.1 Global Market Size Forecast
9.1.1 Global Torque Wrenches Capacity, Production Forecast 2020-2030
9.1.2 Global Torque Wrenches Production Value Forecast 2020-2030
9.2 Market Forecast by Regions
9.2.1 Global Torque Wrenches Production and Value Forecast by Regions 2020-2030
9.2.2 Global Torque Wrenches Consumption Forecast by Regions 2020-2030
9.3 United States
9.3.1 Production and Value Forecast in United States
9.3.2 Consumption Forecast in United States
9.4 European Union
9.4.1 Production and Value Forecast in European Union
9.4.2 Consumption Forecast in European Union
9.5 China
9.5.1 Production and Value Forecast in China
9.5.2 Consumption Forecast in China
9.6 Rest of World
9.6.1 Japan
9.6.2 Korea
9.6.3 India
9.6.4 Southeast Asia
9.7 Forecast by Type
9.7.1 Global Torque Wrenches Production Forecast by Type
9.7.2 Global Torque Wrenches Production Value Forecast by Type
9.8 Consumption Forecast by Application
10 Value Chain and Sales Channels Analysis
10.1 Value Chain Analysis
10.2 Sales Channels Analysis
10.2.1 Torque Wrenches Sales Channels
10.2.2 Torque Wrenches Distributors
10.3 Torque Wrenches Customers
11 Opportunities & Challenges, Threat and Affecting Factors
11.1 Market Opportunities
11.2 Market Challenges
11.3 Porters Five Forces Analysis
12 Key Findings
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
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