Report Detail

Request for Sample of this report

Machinery & Equipment Global Torque Wrench Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

  • RnM3018433
    • |
  • 11 January, 2024
    • |
  • Global
    • |
  • 155 Pages
    • |
  • GIR (Global Info Research)
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Torque Wrench market size was valued at USD 298.4 million in 2023 and is forecast to a readjusted size of USD 438.3 million by 2030 with a CAGR of 5.6% during review period.
A torque wrench is a tool used to precisely apply a specific torque to a fastener such as a nut or bolt. It is usually in the form of a socket wrench with special internal mechanisms.
A torque wrench is used where the tightness of screws and bolts is crucial. It allows the operator to measure the torque applied to the fastener so it can be matched to the specifications for a particular application. This permits proper tension and loading of all parts. A torque wrench measures torque as a proxy for bolt tension. The technique suffers from inaccuracy due to inconsistent or uncalibrated friction between the fastener and its mating hole. Measuring bolt tension (bolt stretch) is more accurate but often torque is the only practical means of measurement.
Global Torque Wrench key players include Snap-on (CDI), Norbar, Proto, TONE, Tohnichi, etc. Global five four manufacturers hold a share over 50%.
North America is the largest market, with a share over 40%, followed by Europe and Asia-Pacific, both have a share over 50%.
In terms of product, Manual Torque Wrench is the largest segment, with a share over 75%. And in terms of application, the largest application is Automotive, followed by Engineering and Construction, Shipping and Aerospace, etc.
The Global Info Research report includes an overview of the development of the Torque Wrench industry chain, the market status of Automotive (Manual Torque Wrench, Pneumatic Torque Wrench), Engineering and Construction (Manual Torque Wrench, Pneumatic Torque Wrench), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Torque Wrench.
Regionally, the report analyzes the Torque Wrench markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Torque Wrench market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Torque Wrench market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Torque Wrench industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Manual Torque Wrench, Pneumatic Torque Wrench).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Torque Wrench market.
Regional Analysis: The report involves examining the Torque Wrench market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Torque Wrench market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Torque Wrench:
Company Analysis: Report covers individual Torque Wrench manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Torque Wrench This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Automotive, Engineering and Construction).
Technology Analysis: Report covers specific technologies relevant to Torque Wrench. It assesses the current state, advancements, and potential future developments in Torque Wrench areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Torque Wrench market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Torque Wrench market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Manual Torque Wrench
Pneumatic Torque Wrench
Electronic Torque Wrench
Market segment by Application
Automotive
Engineering and Construction
Shipping and Aerospace
Others
Major players covered
Snap-on (CDI)
Norbar
Proto
TONE
Tohnichi
Enerpac
TEKTON
FACOM
SATA Tools
Armstrong
Precision Instruments
Craftsman
Powermaster
Hytorc
Plarad
Mountz
K-Tool
Primo Tools
Park Tool
Jinan Hanpu
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Torque Wrench product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Torque Wrench, with price, sales, revenue and global market share of Torque Wrench from 2019 to 2024.
Chapter 3, the Torque Wrench competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Torque Wrench breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Torque Wrench market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Torque Wrench.
Chapter 14 and 15, to describe Torque Wrench sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope of Torque Wrench
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Torque Wrench Consumption Value by Type: 2019 Versus 2023 Versus 2030
    • 1.3.2 Manual Torque Wrench
    • 1.3.3 Pneumatic Torque Wrench
    • 1.3.4 Electronic Torque Wrench
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Torque Wrench Consumption Value by Application: 2019 Versus 2023 Versus 2030
    • 1.4.2 Automotive
    • 1.4.3 Engineering and Construction
    • 1.4.4 Shipping and Aerospace
    • 1.4.5 Others
  • 1.5 Global Torque Wrench Market Size & Forecast
    • 1.5.1 Global Torque Wrench Consumption Value (2019 & 2023 & 2030)
    • 1.5.2 Global Torque Wrench Sales Quantity (2019-2030)
    • 1.5.3 Global Torque Wrench Average Price (2019-2030)

2 Manufacturers Profiles

  • 2.1 Snap-on (CDI)
    • 2.1.1 Snap-on (CDI) Details
    • 2.1.2 Snap-on (CDI) Major Business
    • 2.1.3 Snap-on (CDI) Torque Wrench Product and Services
    • 2.1.4 Snap-on (CDI) Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.1.5 Snap-on (CDI) Recent Developments/Updates
  • 2.2 Norbar
    • 2.2.1 Norbar Details
    • 2.2.2 Norbar Major Business
    • 2.2.3 Norbar Torque Wrench Product and Services
    • 2.2.4 Norbar Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.2.5 Norbar Recent Developments/Updates
  • 2.3 Proto
    • 2.3.1 Proto Details
    • 2.3.2 Proto Major Business
    • 2.3.3 Proto Torque Wrench Product and Services
    • 2.3.4 Proto Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.3.5 Proto Recent Developments/Updates
  • 2.4 TONE
    • 2.4.1 TONE Details
    • 2.4.2 TONE Major Business
    • 2.4.3 TONE Torque Wrench Product and Services
    • 2.4.4 TONE Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.4.5 TONE Recent Developments/Updates
  • 2.5 Tohnichi
    • 2.5.1 Tohnichi Details
    • 2.5.2 Tohnichi Major Business
    • 2.5.3 Tohnichi Torque Wrench Product and Services
    • 2.5.4 Tohnichi Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.5.5 Tohnichi Recent Developments/Updates
  • 2.6 Enerpac
    • 2.6.1 Enerpac Details
    • 2.6.2 Enerpac Major Business
    • 2.6.3 Enerpac Torque Wrench Product and Services
    • 2.6.4 Enerpac Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.6.5 Enerpac Recent Developments/Updates
  • 2.7 TEKTON
    • 2.7.1 TEKTON Details
    • 2.7.2 TEKTON Major Business
    • 2.7.3 TEKTON Torque Wrench Product and Services
    • 2.7.4 TEKTON Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.7.5 TEKTON Recent Developments/Updates
  • 2.8 FACOM
    • 2.8.1 FACOM Details
    • 2.8.2 FACOM Major Business
    • 2.8.3 FACOM Torque Wrench Product and Services
    • 2.8.4 FACOM Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.8.5 FACOM Recent Developments/Updates
  • 2.9 SATA Tools
    • 2.9.1 SATA Tools Details
    • 2.9.2 SATA Tools Major Business
    • 2.9.3 SATA Tools Torque Wrench Product and Services
    • 2.9.4 SATA Tools Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.9.5 SATA Tools Recent Developments/Updates
  • 2.10 Armstrong
    • 2.10.1 Armstrong Details
    • 2.10.2 Armstrong Major Business
    • 2.10.3 Armstrong Torque Wrench Product and Services
    • 2.10.4 Armstrong Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.10.5 Armstrong Recent Developments/Updates
  • 2.11 Precision Instruments
    • 2.11.1 Precision Instruments Details
    • 2.11.2 Precision Instruments Major Business
    • 2.11.3 Precision Instruments Torque Wrench Product and Services
    • 2.11.4 Precision Instruments Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.11.5 Precision Instruments Recent Developments/Updates
  • 2.12 Craftsman
    • 2.12.1 Craftsman Details
    • 2.12.2 Craftsman Major Business
    • 2.12.3 Craftsman Torque Wrench Product and Services
    • 2.12.4 Craftsman Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.12.5 Craftsman Recent Developments/Updates
  • 2.13 Powermaster
    • 2.13.1 Powermaster Details
    • 2.13.2 Powermaster Major Business
    • 2.13.3 Powermaster Torque Wrench Product and Services
    • 2.13.4 Powermaster Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.13.5 Powermaster Recent Developments/Updates
  • 2.14 Hytorc
    • 2.14.1 Hytorc Details
    • 2.14.2 Hytorc Major Business
    • 2.14.3 Hytorc Torque Wrench Product and Services
    • 2.14.4 Hytorc Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.14.5 Hytorc Recent Developments/Updates
  • 2.15 Plarad
    • 2.15.1 Plarad Details
    • 2.15.2 Plarad Major Business
    • 2.15.3 Plarad Torque Wrench Product and Services
    • 2.15.4 Plarad Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.15.5 Plarad Recent Developments/Updates
  • 2.16 Mountz
    • 2.16.1 Mountz Details
    • 2.16.2 Mountz Major Business
    • 2.16.3 Mountz Torque Wrench Product and Services
    • 2.16.4 Mountz Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.16.5 Mountz Recent Developments/Updates
  • 2.17 K-Tool
    • 2.17.1 K-Tool Details
    • 2.17.2 K-Tool Major Business
    • 2.17.3 K-Tool Torque Wrench Product and Services
    • 2.17.4 K-Tool Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.17.5 K-Tool Recent Developments/Updates
  • 2.18 Primo Tools
    • 2.18.1 Primo Tools Details
    • 2.18.2 Primo Tools Major Business
    • 2.18.3 Primo Tools Torque Wrench Product and Services
    • 2.18.4 Primo Tools Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.18.5 Primo Tools Recent Developments/Updates
  • 2.19 Park Tool
    • 2.19.1 Park Tool Details
    • 2.19.2 Park Tool Major Business
    • 2.19.3 Park Tool Torque Wrench Product and Services
    • 2.19.4 Park Tool Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.19.5 Park Tool Recent Developments/Updates
  • 2.20 Jinan Hanpu
    • 2.20.1 Jinan Hanpu Details
    • 2.20.2 Jinan Hanpu Major Business
    • 2.20.3 Jinan Hanpu Torque Wrench Product and Services
    • 2.20.4 Jinan Hanpu Torque Wrench Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.20.5 Jinan Hanpu Recent Developments/Updates

3 Competitive Environment: Torque Wrench by Manufacturer

  • 3.1 Global Torque Wrench Sales Quantity by Manufacturer (2019-2024)
  • 3.2 Global Torque Wrench Revenue by Manufacturer (2019-2024)
  • 3.3 Global Torque Wrench Average Price by Manufacturer (2019-2024)
  • 3.4 Market Share Analysis (2023)
    • 3.4.1 Producer Shipments of Torque Wrench by Manufacturer Revenue ($MM) and Market Share (%): 2023
    • 3.4.2 Top 3 Torque Wrench Manufacturer Market Share in 2023
    • 3.4.2 Top 6 Torque Wrench Manufacturer Market Share in 2023
  • 3.5 Torque Wrench Market: Overall Company Footprint Analysis
    • 3.5.1 Torque Wrench Market: Region Footprint
    • 3.5.2 Torque Wrench Market: Company Product Type Footprint
    • 3.5.3 Torque Wrench Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Torque Wrench Market Size by Region
    • 4.1.1 Global Torque Wrench Sales Quantity by Region (2019-2030)
    • 4.1.2 Global Torque Wrench Consumption Value by Region (2019-2030)
    • 4.1.3 Global Torque Wrench Average Price by Region (2019-2030)
  • 4.2 North America Torque Wrench Consumption Value (2019-2030)
  • 4.3 Europe Torque Wrench Consumption Value (2019-2030)
  • 4.4 Asia-Pacific Torque Wrench Consumption Value (2019-2030)
  • 4.5 South America Torque Wrench Consumption Value (2019-2030)
  • 4.6 Middle East and Africa Torque Wrench Consumption Value (2019-2030)

5 Market Segment by Type

  • 5.1 Global Torque Wrench Sales Quantity by Type (2019-2030)
  • 5.2 Global Torque Wrench Consumption Value by Type (2019-2030)
  • 5.3 Global Torque Wrench Average Price by Type (2019-2030)

6 Market Segment by Application

  • 6.1 Global Torque Wrench Sales Quantity by Application (2019-2030)
  • 6.2 Global Torque Wrench Consumption Value by Application (2019-2030)
  • 6.3 Global Torque Wrench Average Price by Application (2019-2030)

7 North America

  • 7.1 North America Torque Wrench Sales Quantity by Type (2019-2030)
  • 7.2 North America Torque Wrench Sales Quantity by Application (2019-2030)
  • 7.3 North America Torque Wrench Market Size by Country
    • 7.3.1 North America Torque Wrench Sales Quantity by Country (2019-2030)
    • 7.3.2 North America Torque Wrench Consumption Value by Country (2019-2030)
    • 7.3.3 United States Market Size and Forecast (2019-2030)
    • 7.3.4 Canada Market Size and Forecast (2019-2030)
    • 7.3.5 Mexico Market Size and Forecast (2019-2030)

8 Europe

  • 8.1 Europe Torque Wrench Sales Quantity by Type (2019-2030)
  • 8.2 Europe Torque Wrench Sales Quantity by Application (2019-2030)
  • 8.3 Europe Torque Wrench Market Size by Country
    • 8.3.1 Europe Torque Wrench Sales Quantity by Country (2019-2030)
    • 8.3.2 Europe Torque Wrench Consumption Value by Country (2019-2030)
    • 8.3.3 Germany Market Size and Forecast (2019-2030)
    • 8.3.4 France Market Size and Forecast (2019-2030)
    • 8.3.5 United Kingdom Market Size and Forecast (2019-2030)
    • 8.3.6 Russia Market Size and Forecast (2019-2030)
    • 8.3.7 Italy Market Size and Forecast (2019-2030)

9 Asia-Pacific

  • 9.1 Asia-Pacific Torque Wrench Sales Quantity by Type (2019-2030)
  • 9.2 Asia-Pacific Torque Wrench Sales Quantity by Application (2019-2030)
  • 9.3 Asia-Pacific Torque Wrench Market Size by Region
    • 9.3.1 Asia-Pacific Torque Wrench Sales Quantity by Region (2019-2030)
    • 9.3.2 Asia-Pacific Torque Wrench Consumption Value by Region (2019-2030)
    • 9.3.3 China Market Size and Forecast (2019-2030)
    • 9.3.4 Japan Market Size and Forecast (2019-2030)
    • 9.3.5 Korea Market Size and Forecast (2019-2030)
    • 9.3.6 India Market Size and Forecast (2019-2030)
    • 9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
    • 9.3.8 Australia Market Size and Forecast (2019-2030)

10 South America

  • 10.1 South America Torque Wrench Sales Quantity by Type (2019-2030)
  • 10.2 South America Torque Wrench Sales Quantity by Application (2019-2030)
  • 10.3 South America Torque Wrench Market Size by Country
    • 10.3.1 South America Torque Wrench Sales Quantity by Country (2019-2030)
    • 10.3.2 South America Torque Wrench Consumption Value by Country (2019-2030)
    • 10.3.3 Brazil Market Size and Forecast (2019-2030)
    • 10.3.4 Argentina Market Size and Forecast (2019-2030)

11 Middle East & Africa

  • 11.1 Middle East & Africa Torque Wrench Sales Quantity by Type (2019-2030)
  • 11.2 Middle East & Africa Torque Wrench Sales Quantity by Application (2019-2030)
  • 11.3 Middle East & Africa Torque Wrench Market Size by Country
    • 11.3.1 Middle East & Africa Torque Wrench Sales Quantity by Country (2019-2030)
    • 11.3.2 Middle East & Africa Torque Wrench Consumption Value by Country (2019-2030)
    • 11.3.3 Turkey Market Size and Forecast (2019-2030)
    • 11.3.4 Egypt Market Size and Forecast (2019-2030)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
    • 11.3.6 South Africa Market Size and Forecast (2019-2030)

12 Market Dynamics

  • 12.1 Torque Wrench Market Drivers
  • 12.2 Torque Wrench Market Restraints
  • 12.3 Torque Wrench Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Torque Wrench and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Torque Wrench
  • 13.3 Torque Wrench Production Process
  • 13.4 Torque Wrench Industrial Chain

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Torque Wrench Typical Distributors
  • 14.3 Torque Wrench Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Torque Wrench . Industry analysis & Market Report on Torque Wrench is a syndicated market report, published as Global Torque Wrench Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Torque Wrench market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

    Last updated on

    REPORT YOU MIGHT BE INTERESTED

    Purchase this Report

    		$3,480.00
    		$5,220.00
    		$6,960.00
    		2,770.08
    		4,155.12
    		5,540.16
    		3,232.92
    		4,849.38
    		6,465.84
    		535,711.20
    		803,566.80
    		1,071,422.40
    		290,614.80
    		435,922.20
    		581,229.60
    Credit card Logo
    Sample Question Discount Download PDF

    Related Reports

    Reason to Buy

    • Trusted By Leaders

      Top executives from leading companies purchase research reports from us. 

    • Shop With Confidence

      We assist you with all the pre-sales enquiries related to any report so that you can buy with confidence.

    • Customer Centric

      Need assistance related to your research requirements? We are just a phone call or an email away.

    • Personalized Solutions

      Our experienced research specialists are here to help you locate the right reports for your need.

    • Secure Checkout

      Shop without being worried about safety & security of your transactions.
      •

    Request for Sample of this report

    Reports and Markets

    mcafree

    Contact Us

    +1-352-353-0818 (US)

    info@reportsandmarkets.com

    Support

    EMAIL US

    Newsletter

    KEEP UP TO DATE ON ALL THE LATEST REPORTS


    maxmind_logo