Global Torque Wrench Market Research Report 2023(Status and Outlook)
Report Overview
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.
The Global Torque Wrench Market Size was estimated at USD 308.6 million in 2022 and is projected to reach USD 460.96 million by 2029, exhibiting a CAGR of 5.90% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Torque Wrench market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Torque Wrench Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Torque Wrench market in any manner.
Global Torque Wrench Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
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 Segmentation (by Type)
Manual Torque Wrench
Pneumatic Torque Wrench
Electronic Torque Wrench
Market Segmentation (by Application)
CLAM Steel Deoxidizer
Stainless Steel Stabilizer
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Torque Wrench Market
Overview of the regional outlook of the Torque Wrench Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Torque Wrench
- 1.2 Key Market Segments
- 1.2.1 Torque Wrench Segment by Type
- 1.2.2 Torque Wrench Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Torque Wrench Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Torque Wrench Market Size (M USD) Estimates and Forecasts (2018-2029)
- 2.1.2 Global Torque Wrench Sales Estimates and Forecasts (2018-2029)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Torque Wrench Market Competitive Landscape
- 3.1 Global Torque Wrench Sales by Manufacturers (2018-2023)
- 3.2 Global Torque Wrench Revenue Market Share by Manufacturers (2018-2023)
- 3.3 Torque Wrench Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.4 Global Torque Wrench Average Price by Manufacturers (2018-2023)
- 3.5 Manufacturers Torque Wrench Sales Sites, Area Served, Product Type
- 3.6 Torque Wrench Market Competitive Situation and Trends
- 3.6.1 Torque Wrench Market Concentration Rate
- 3.6.2 Global 5 and 10 Largest Torque Wrench Players Market Share by Revenue
- 3.6.3 Mergers & Acquisitions, Expansion
- 4 Torque Wrench Industry Chain Analysis
- 4.1 Torque Wrench Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of Torque Wrench Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Market Restraints
- 5.5 Industry News
- 5.5.1 New Product Developments
- 5.5.2 Mergers & Acquisitions
- 5.5.3 Expansions
- 5.5.4 Collaboration/Supply Contracts
- 5.6 Industry Policies
- 6 Torque Wrench Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Torque Wrench Sales Market Share by Type (2018-2023)
- 6.3 Global Torque Wrench Market Size Market Share by Type (2018-2023)
- 6.4 Global Torque Wrench Price by Type (2018-2023)
- 7 Torque Wrench Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Torque Wrench Market Sales by Application (2018-2023)
- 7.3 Global Torque Wrench Market Size (M USD) by Application (2018-2023)
- 7.4 Global Torque Wrench Sales Growth Rate by Application (2018-2023)
- 8 Torque Wrench Market Segmentation by Region
- 8.1 Global Torque Wrench Sales by Region
- 8.1.1 Global Torque Wrench Sales by Region
- 8.1.2 Global Torque Wrench Sales Market Share by Region
- 8.2 North America
- 8.2.1 North America Torque Wrench Sales by Country
- 8.2.2 U.S.
- 8.2.3 Canada
- 8.2.4 Mexico
- 8.3 Europe
- 8.3.1 Europe Torque Wrench Sales by Country
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 U.K.
- 8.3.5 Italy
- 8.3.6 Russia
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Torque Wrench Sales by Region
- 8.4.2 China
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 India
- 8.4.6 Southeast Asia
- 8.5 South America
- 8.5.1 South America Torque Wrench Sales by Country
- 8.5.2 Brazil
- 8.5.3 Argentina
- 8.5.4 Columbia
- 8.6 Middle East and Africa
- 8.6.1 Middle East and Africa Torque Wrench Sales by Region
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt
- 8.6.5 Nigeria
- 8.6.6 South Africa
- 9 Key Companies Profile
- 9.1 Snap-on (CDI)
- 9.1.1 Snap-on (CDI) Torque Wrench Basic Information
- 9.1.2 Snap-on (CDI) Torque Wrench Product Overview
- 9.1.3 Snap-on (CDI) Torque Wrench Product Market Performance
- 9.1.4 Snap-on (CDI) Business Overview
- 9.1.5 Snap-on (CDI) Torque Wrench SWOT Analysis
- 9.1.6 Snap-on (CDI) Recent Developments
- 9.2 Norbar
- 9.2.1 Norbar Torque Wrench Basic Information
- 9.2.2 Norbar Torque Wrench Product Overview
- 9.2.3 Norbar Torque Wrench Product Market Performance
- 9.2.4 Norbar Business Overview
- 9.2.5 Norbar Torque Wrench SWOT Analysis
- 9.2.6 Norbar Recent Developments
- 9.3 Proto
- 9.3.1 Proto Torque Wrench Basic Information
- 9.3.2 Proto Torque Wrench Product Overview
- 9.3.3 Proto Torque Wrench Product Market Performance
- 9.3.4 Proto Business Overview
- 9.3.5 Proto Torque Wrench SWOT Analysis
- 9.3.6 Proto Recent Developments
- 9.4 TONE
- 9.4.1 TONE Torque Wrench Basic Information
- 9.4.2 TONE Torque Wrench Product Overview
- 9.4.3 TONE Torque Wrench Product Market Performance
- 9.4.4 TONE Business Overview
- 9.4.5 TONE Torque Wrench SWOT Analysis
- 9.4.6 TONE Recent Developments
- 9.5 Tohnichi
- 9.5.1 Tohnichi Torque Wrench Basic Information
- 9.5.2 Tohnichi Torque Wrench Product Overview
- 9.5.3 Tohnichi Torque Wrench Product Market Performance
- 9.5.4 Tohnichi Business Overview
- 9.5.5 Tohnichi Torque Wrench SWOT Analysis
- 9.5.6 Tohnichi Recent Developments
- 9.6 Enerpac
- 9.6.1 Enerpac Torque Wrench Basic Information
- 9.6.2 Enerpac Torque Wrench Product Overview
- 9.6.3 Enerpac Torque Wrench Product Market Performance
- 9.6.4 Enerpac Business Overview
- 9.6.5 Enerpac Recent Developments
- 9.7 TEKTON
- 9.7.1 TEKTON Torque Wrench Basic Information
- 9.7.2 TEKTON Torque Wrench Product Overview
- 9.7.3 TEKTON Torque Wrench Product Market Performance
- 9.7.4 TEKTON Business Overview
- 9.7.5 TEKTON Recent Developments
- 9.8 FACOM
- 9.8.1 FACOM Torque Wrench Basic Information
- 9.8.2 FACOM Torque Wrench Product Overview
- 9.8.3 FACOM Torque Wrench Product Market Performance
- 9.8.4 FACOM Business Overview
- 9.8.5 FACOM Recent Developments
- 9.9 SATA Tools
- 9.9.1 SATA Tools Torque Wrench Basic Information
- 9.9.2 SATA Tools Torque Wrench Product Overview
- 9.9.3 SATA Tools Torque Wrench Product Market Performance
- 9.9.4 SATA Tools Business Overview
- 9.9.5 SATA Tools Recent Developments
- 9.10 Armstrong
- 9.10.1 Armstrong Torque Wrench Basic Information
- 9.10.2 Armstrong Torque Wrench Product Overview
- 9.10.3 Armstrong Torque Wrench Product Market Performance
- 9.10.4 Armstrong Business Overview
- 9.10.5 Armstrong Recent Developments
- 9.11 Precision Instruments
- 9.11.1 Precision Instruments Torque Wrench Basic Information
- 9.11.2 Precision Instruments Torque Wrench Product Overview
- 9.11.3 Precision Instruments Torque Wrench Product Market Performance
- 9.11.4 Precision Instruments Business Overview
- 9.11.5 Precision Instruments Recent Developments
- 9.12 Craftsman
- 9.12.1 Craftsman Torque Wrench Basic Information
- 9.12.2 Craftsman Torque Wrench Product Overview
- 9.12.3 Craftsman Torque Wrench Product Market Performance
- 9.12.4 Craftsman Business Overview
- 9.12.5 Craftsman Recent Developments
- 9.13 Powermaster
- 9.13.1 Powermaster Torque Wrench Basic Information
- 9.13.2 Powermaster Torque Wrench Product Overview
- 9.13.3 Powermaster Torque Wrench Product Market Performance
- 9.13.4 Powermaster Business Overview
- 9.13.5 Powermaster Recent Developments
- 9.14 Hytorc
- 9.14.1 Hytorc Torque Wrench Basic Information
- 9.14.2 Hytorc Torque Wrench Product Overview
- 9.14.3 Hytorc Torque Wrench Product Market Performance
- 9.14.4 Hytorc Business Overview
- 9.14.5 Hytorc Recent Developments
- 9.15 Plarad
- 9.15.1 Plarad Torque Wrench Basic Information
- 9.15.2 Plarad Torque Wrench Product Overview
- 9.15.3 Plarad Torque Wrench Product Market Performance
- 9.15.4 Plarad Business Overview
- 9.15.5 Plarad Recent Developments
- 9.16 Mountz
- 9.16.1 Mountz Torque Wrench Basic Information
- 9.16.2 Mountz Torque Wrench Product Overview
- 9.16.3 Mountz Torque Wrench Product Market Performance
- 9.16.4 Mountz Business Overview
- 9.16.5 Mountz Recent Developments
- 9.17 K-Tool
- 9.17.1 K-Tool Torque Wrench Basic Information
- 9.17.2 K-Tool Torque Wrench Product Overview
- 9.17.3 K-Tool Torque Wrench Product Market Performance
- 9.17.4 K-Tool Business Overview
- 9.17.5 K-Tool Recent Developments
- 9.18 Primo Tools
- 9.18.1 Primo Tools Torque Wrench Basic Information
- 9.18.2 Primo Tools Torque Wrench Product Overview
- 9.18.3 Primo Tools Torque Wrench Product Market Performance
- 9.18.4 Primo Tools Business Overview
- 9.18.5 Primo Tools Recent Developments
- 9.19 Park Tool
- 9.19.1 Park Tool Torque Wrench Basic Information
- 9.19.2 Park Tool Torque Wrench Product Overview
- 9.19.3 Park Tool Torque Wrench Product Market Performance
- 9.19.4 Park Tool Business Overview
- 9.19.5 Park Tool Recent Developments
- 9.20 Jinan Hanpu
- 9.20.1 Jinan Hanpu Torque Wrench Basic Information
- 9.20.2 Jinan Hanpu Torque Wrench Product Overview
- 9.20.3 Jinan Hanpu Torque Wrench Product Market Performance
- 9.20.4 Jinan Hanpu Business Overview
- 9.20.5 Jinan Hanpu Recent Developments
- 10 Torque Wrench Market Forecast by Region
- 10.1 Global Torque Wrench Market Size Forecast
- 10.2 Global Torque Wrench Market Forecast by Region
- 10.2.1 North America Market Size Forecast by Country
- 10.2.2 Europe Torque Wrench Market Size Forecast by Country
- 10.2.3 Asia Pacific Torque Wrench Market Size Forecast by Region
- 10.2.4 South America Torque Wrench Market Size Forecast by Country
- 10.2.5 Middle East and Africa Forecasted Consumption of Torque Wrench by Country
- 11 Forecast Market by Type and by Application (2024-2029)
- 11.1 Global Torque Wrench Market Forecast by Type (2024-2029)
- 11.1.1 Global Forecasted Sales of Torque Wrench by Type (2024-2029)
- 11.1.2 Global Torque Wrench Market Size Forecast by Type (2024-2029)
- 11.1.3 Global Forecasted Price of Torque Wrench by Type (2024-2029)
- 11.2 Global Torque Wrench Market Forecast by Application (2024-2029)
- 11.2.1 Global Torque Wrench Sales (K Units) Forecast by Application
- 11.2.2 Global Torque Wrench Market Size (M USD) Forecast by Application (2024-2029)
- 12 Conclusion and Key Findings
Research Assistance
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