Global Torque Wrench Competitive Landscape Professional Research Report 2024

Global Torque Wrench Competitive Landscape Professional Research Report 2024



Research Summary

A torque wrench is a specialized hand tool designed to apply a specific amount of torque to a fastener, such as a nut or bolt. It is a crucial instrument in various industries, including automotive, construction, and manufacturing, where precise torque application is essential for proper assembly and maintenance of mechanical components. Torque wrenches come in different types, including beam, click, electronic, and hydraulic torque wrenches, each with its own mechanism for indicating when the preset torque value is reached. The adjustable nature of torque wrenches allows users to set the desired torque level, ensuring that fasteners are tightened to the manufacturer's specifications. This helps prevent overtightening, which can lead to damage, or undertightening, which may result in loose connections. The accurate torque control provided by torque wrenches is vital in ensuring the integrity and safety of assembled structures and machinery.

According to DIResearch's in-depth investigation and research, the global Torque Wrench market size will reach XX US$ Million in 2024, and is expected to reach XX US$ Million in 2030, with a CAGR of XX% (2025-2030). Among them, the China market has changed rapidly in the past few years. The market size in 2024 will be XX US$ Million, accounting for approximately XX% of the world. It is expected to reach XX US$ Million in 2030, and the global share will reach XX%.

The major global manufacturers of Torque Wrench include Snap-on (CDI), Norbar, Proto, TONE, Tohnichi, Enerpac, TEKTON, FACOM, SATA Tools, Armstrong, Precision Instruments, Craftsman, Powermaster, Hytorc, Plarad, Mountz, Primo Tools, K-Tool, Park Tool, Jinan Hanpu etc. The global players competition landscape in this report is divided into three tiers. The first tiers is the global leading enterprise, which occupies a major market share, is in a leading position in the industry, has strong competitiveness and influence, and has a large revenue scale; the second tiers has a certain share and popularity in the market, actively follows the industry leaders in product, service or technological innovation, and has a medium revenue scale; the third tiers has a smaller share in the market, has a lower brand awareness, mainly focuses on the local market, and has a relatively small revenue scale.

This report studies the market size, price trends and future development prospects of Torque Wrench. Focus on analysing the market share, product portfolio, prices, sales volume, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Torque Wrench market. The report data covers historical data from 2019 to 2023, based year in 2024 and forecast data from 2025 to 2030.

The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the Torque Wrench market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Torque Wrench industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.    

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Torque Wrench Include:

Snap-on (CDI)

Norbar

Proto

TONE

Tohnichi

Enerpac

TEKTON

FACOM

SATA Tools

Armstrong

Precision Instruments

Craftsman

Powermaster

Hytorc

Plarad

Mountz

Primo Tools

K-Tool

Park Tool

Jinan Hanpu

Torque Wrench Product Segment Include:

Manual Torque Wrench

Pneumatic Torque Wrench

Electronic Torque Wrench

Torque Wrench Product Application Include:

Automotive

Engineering and Construction

Shipping and Aerospace

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends

Chapter 2: Global Torque Wrench Industry PESTEL Analysis

Chapter 3: Global Torque Wrench Industry Porter’s Five Forces Analysis

Chapter 4: Global Torque Wrench Major Regional Market Size (Revenue, Sales, Price) and Forecast Analysis

Chapter 5: Global Torque Wrench Market Size and Forecast by Type and Application Analysis

Chapter 6: North America Torque Wrench Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 7: Europe Torque Wrench Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 8: China Torque Wrench Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 9: APAC (Excl. China) Torque Wrench Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 10: Latin America Torque Wrench Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 11: Middle East and Africa Torque Wrench Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 12: Global Torque Wrench Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 13: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 14: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers

Chapter 15: Research Findings and Conclusion

Chapter 16: Methodology and Data Sources


1 Torque Wrench Market Overview
1.1 Product Definition and Statistical Scope
1.2 Torque Wrench Product by Type
1.2.1 Global Torque Wrench Market Size by Type, 2023 VS 2024 VS 2030
1.2.2 Manual Torque Wrench
1.2.3 Pneumatic Torque Wrench
1.2.4 Electronic Torque Wrench
1.3 Torque Wrench Product by Application
1.3.1 Global Torque Wrench Market Size by Application, 2023 VS 2024 VS 2030
1.3.2 Automotive
1.3.3 Engineering and Construction
1.3.4 Shipping and Aerospace
1.3.5 Others
1.4 Global Torque Wrench Market Revenue and Sales Analysis
1.4.1 Global Torque Wrench Market Size Analysis (2019-2030)
1.4.2 Global Torque Wrench Market Sales Analysis (2019-2030)
1.4.3 Global Torque Wrench Market Sales Price Trend Analysis (2019-2030)
1.5 Torque Wrench Market Development Status and Trends
1.5.1 Torque Wrench Industry Development Status Analysis
1.5.2 Torque Wrench Industry Development Trends Analysis
2 Torque Wrench Market PESTEL Analysis
2.1 Political Factors Analysis
2.2 Economic Factors Analysis
2.3 Social Factors Analysis
2.4 Technological Factors Analysis
2.5 Environmental Factors Analysis
2.6 Legal Factors Analysis
3 Torque Wrench Market Porter's Five Forces Analysis
3.1 Competitive Rivalry
3.2 Threat of New Entrants
3.3 Bargaining Power of Suppliers
3.4 Bargaining Power of Buyers
3.5 Threat of Substitutes
4 Global Torque Wrench Market Analysis by Regions
4.1 Torque Wrench Overall Market: 2023 VS 2024 VS 2030
4.2 Global Torque Wrench Revenue and Forecast Analysis (2019-2030)
4.2.1 Global Torque Wrench Revenue and Market Share by Region (2019-2024)
4.2.2 Global Torque Wrench Revenue Forecast by Region (2025-2030)
4.3 Global Torque Wrench Sales and Forecast Analysis (2019-2030)
4.3.1 Global Torque Wrench Sales and Market Share by Region (2019-2024)
4.3.2 Global Torque Wrench Sales Forecast by Region (2025-2030)
4.4 Global Torque Wrench Sales Price Trend Analysis (2019-2030)
5 Global Torque Wrench Market Size by Type and Application
5.1 Global Torque Wrench Market Size by Type
5.1.1 Global Torque Wrench Revenue and Forecast Analysis by Type (2019-2030)
5.1.2 Global Torque Wrench Sales and Forecast Analysis by Type (2019-2030)
5.2 Global Torque Wrench Market Size by Application
5.2.1 Global Torque Wrench Revenue and Forecast Analysis by Application (2019-2030)
5.2.2 Global Torque Wrench Sales and Forecast Analysis by Application (2019-2030)
6 North America
6.1 North America Torque Wrench Market Size and Growth Rate Analysis (2019-2030)
6.2 North America Key Manufacturers Analysis
6.3 North America Torque Wrench Market Size by Type
6.3.1 North America Torque Wrench Sales by Type (2019-2030)
6.3.2 North America Torque Wrench Revenue by Type (2019-2030)
6.4 North America Torque Wrench Market Size by Application
6.4.1 North America Torque Wrench Sales by Application (2019-2030)
6.4.2 North America Torque Wrench Revenue by Application (2019-2030)
6.5 North America Torque Wrench Market Size by Country
6.5.1 US
6.5.2 Canada
7 Europe
7.1 Europe Torque Wrench Market Size and Growth Rate Analysis (2019-2030)
7.2 Europe Key Manufacturers Analysis
7.3 Europe Torque Wrench Market Size by Type
7.3.1 Europe Torque Wrench Sales by Type (2019-2030)
7.3.2 Europe Torque Wrench Revenue by Type (2019-2030)
7.4 Europe Torque Wrench Market Size by Application
7.4.1 Europe Torque Wrench Sales by Application (2019-2030)
7.4.2  Europe Torque Wrench Revenue by Application (2019-2030)
7.5 Europe Torque Wrench Market Size by Country
7.5.1 Germany
7.5.2 France
7.5.3 United Kingdom
7.5.4 Italy
7.5.5 Spain
7.5.6 Benelux
8 China
8.1 China Torque Wrench Market Size and Growth Rate Analysis (2019-2030)
8.2 China Key Manufacturers Analysis
8.3 China Torque Wrench Market Size by Type
8.3.1 China Torque Wrench Sales by Type (2019-2030)
8.3.2 China Torque Wrench Revenue by Type (2019-2030)
8.4 China Torque Wrench Market Size by Application
8.4.1 China Torque Wrench Sales by Application (2019-2030)
8.4.2 China Torque Wrench Revenue by Application (2019-2030)
9 APAC (excl. China)
9.1 APAC (excl. China) Torque Wrench Market Size and Growth Rate Analysis (2019-2030)
9.2 APAC (excl. China) Key Manufacturers Analysis
9.3 APAC (excl. China) Torque Wrench Market Size by Type
9.3.1 APAC (excl. China) Torque Wrench Sales by Type (2019-2030)
9.3.2 APAC (excl. China) Torque Wrench Revenue by Type (2019-2030)
9.4 APAC (excl. China) Torque Wrench Market Size by Application
9.4.1 APAC (excl. China) Torque Wrench Sales by Application (2019-2030)
9.4.2 APAC (excl. China) Torque Wrench Revenue by Application (2019-2030)
9.5 APAC (excl. China) Torque Wrench Market Size by Country
9.5.1 Japan
9.5.2 South Korea
9.5.3 India
9.5.4 Australia
9.5.5 Indonesia
9.5.6 Vietnam
9.5.7 Malaysia
9.5.8 Thailand
10 Latin America
10.1 Latin America Torque Wrench Market Size and Growth Rate Analysis (2019-2030)
10.2 Latin America Key Manufacturers Analysis
10.3 Latin America Torque Wrench Market Size by Type
10.3.1 Latin America Torque Wrench Sales by Type (2019-2030)
10.3.2 Latin America Torque Wrench Revenue by Type (2019-2030)
10.4 Latin America Torque Wrench Market Size by Application
10.4.1 Latin America Torque Wrench Sales by Application (2019-2030)
10.4.2 Latin America Torque Wrench Revenue by Application (2019-2030)
10.5 Latin America Torque Wrench Market Size by Country
10.5.1 Mexico
10.5.2 Brazil
11 Middle East & Africa
11.1 Middle East & Africa Torque Wrench Market Size and Growth Rate Analysis (2019-2030)
11.2 Middle East & Africa Key Manufacturers Analysis
11.3 Middle East & Africa Torque Wrench Market Size by Type
11.3.1 Middle East & Africa Torque Wrench Sales by Type (2019-2030)
11.3.2 Middle East & Africa Torque Wrench Revenue by Type (2019-2030)
11.4 Middle East & Africa Torque Wrench Market Size by Application
11.4.1 Middle East & Africa Torque Wrench Sales by Application (2019-2030)
11.4.2 Middle East & Africa Torque Wrench Revenue by Application (2019-2030)
11.5 Middle East & Africa Torque Wrench Market Size by Country
11.5.1 Saudi Arabia
11.5.2 South Africa
12 Competition by Manufacturers
12.1 Global Torque Wrench Market Sales, Revenue and Price by Key Manufacturers (2020-2024)
12.1.1 Global Torque Wrench Market Sales by Key Manufacturers (2020-2024)
12.1.2 Global Torque Wrench Market Revenue by Key Manufacturers (2020-2024)
12.1.3 Global Torque Wrench Average Sales Price by Manufacturers (2020-2024)
12.2 Torque Wrench Competitive Landscape Analysis and Market Dynamic
12.2.1 Torque Wrench Competitive Landscape Analysis
12.2.2 Global Key Manufacturers Headquarter Location and Key Area Sales
12.2.3 Market Dynamic
13 Key Companies Analysis
13.1 Snap-on (CDI)
13.1.1 Snap-on (CDI) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.1.2 Snap-on (CDI) Torque Wrench Product Portfolio
13.1.3 Snap-on (CDI) Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.2 Norbar
13.2.1 Norbar Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.2.2 Norbar Torque Wrench Product Portfolio
13.2.3 Norbar Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.3 Proto
13.3.1 Proto Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.3.2 Proto Torque Wrench Product Portfolio
13.3.3 Proto Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.4 TONE
13.4.1 TONE Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.4.2 TONE Torque Wrench Product Portfolio
13.4.3 TONE Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.5 Tohnichi
13.5.1 Tohnichi Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.5.2 Tohnichi Torque Wrench Product Portfolio
13.5.3 Tohnichi Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.6 Enerpac
13.6.1 Enerpac Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.6.2 Enerpac Torque Wrench Product Portfolio
13.6.3 Enerpac Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.7 TEKTON
13.7.1 TEKTON Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.7.2 TEKTON Torque Wrench Product Portfolio
13.7.3 TEKTON Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.8 FACOM
13.8.1 FACOM Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.8.2 FACOM Torque Wrench Product Portfolio
13.8.3 FACOM Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.9 SATA Tools
13.9.1 SATA Tools Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.9.2 SATA Tools Torque Wrench Product Portfolio
13.9.3 SATA Tools Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.10 Armstrong
13.10.1 Armstrong Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.10.2 Armstrong Torque Wrench Product Portfolio
13.10.3 Armstrong Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.11 Precision Instruments
13.11.1 Precision Instruments Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.11.2 Precision Instruments Torque Wrench Product Portfolio
13.11.3 Precision Instruments Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.12 Craftsman
13.12.1 Craftsman Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.12.2 Craftsman Torque Wrench Product Portfolio
13.12.3 Craftsman Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.13 Powermaster
13.13.1 Powermaster Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.13.2 Powermaster Torque Wrench Product Portfolio
13.13.3 Powermaster Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.14 Hytorc
13.14.1 Hytorc Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.14.2 Hytorc Torque Wrench Product Portfolio
13.14.3 Hytorc Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.15 Plarad
13.15.1 Plarad Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.15.2 Plarad Torque Wrench Product Portfolio
13.15.3 Plarad Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.16 Mountz
13.16.1 Mountz Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.16.2 Mountz Torque Wrench Product Portfolio
13.16.3 Mountz Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.17 Primo Tools
13.17.1 Primo Tools Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.17.2 Primo Tools Torque Wrench Product Portfolio
13.17.3 Primo Tools Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.18 K-Tool
13.18.1 K-Tool Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.18.2 K-Tool Torque Wrench Product Portfolio
13.18.3 K-Tool Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.19 Park Tool
13.19.1 Park Tool Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.19.2 Park Tool Torque Wrench Product Portfolio
13.19.3 Park Tool Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
13.20 Jinan Hanpu
13.20.1 Jinan Hanpu Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.20.2 Jinan Hanpu Torque Wrench Product Portfolio
13.20.3 Jinan Hanpu Torque Wrench Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024)
14 Industry Chain Analysis
14.1 Torque Wrench Industry Chain Analysis
14.2 Torque Wrench Industry Upstream Supply Analysis
14.2.1 Upstream Key Raw Material Supply Analysis
14.2.2 Raw Material Suppliers and Contact Information
14.3 Torque Wrench Typical Downstream Customers
14.4 Torque Wrench Sales Channel Analysis
15 Research Findings and Conclusion
16 Methodology and Data Source
16.1 Methodology/Research Approach
16.2 Research Scope
16.3 Benchmarks and Assumptions
16.4 Date Source
16.4.1 Primary Sources
16.4.2 Secondary Sources
16.5 Data Cross Validation
16.6 Disclaimer

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