Australia and New Zealand Bolting Tools Market Report and Forecast 2025-2034

Australia and New Zealand Bolting Tools Market Report and Forecast 2025-2034

Market Outlook

According to the report by Expert Market Research (EMR), the Australia and New Zealand bolting tools market size reached a value of nearly USD 40.38 billion in 2024. Aided by the infrastructure development and the rising demand for high-performance fastening solutions, the market is projected to grow at a CAGR of 5.8% between 2025 and 2034 to reach a value of around USD 71.1 billion by 2034.

Bolting tools are specialised mechanical devices used for applying torque or tension to bolts and nuts to ensure secure fastening in various applications. These tools play a crucial role in industries such as construction, manufacturing, oil and gas, mining, and power generation, where precision and reliability are essential. The demand for bolting tools has surged due to the growing need for efficient and safe assembly processes, particularly in critical applications requiring high torque levels.

The expanding construction and infrastructure development activities are major drivers of the Australia and New Zealand bolting tools market growth. Governments in both countries are heavily investing in large-scale infrastructure projects, including transportation networks, renewable energy plants, and commercial buildings, leading to increased demand for advanced bolting solutions. Additionally, the rise in industrial automation and technological advancements in bolting tools, such as the development of battery-powered torque tools, has further supported market expansion.

Cordless bolting tools are gaining popularity due to their portability, ease of use, and improved battery life, enhancing worker efficiency. The shift from pneumatic and hydraulic tools to battery-powered alternatives is reducing workplace hazards associated with compressed air and fluid systems. This is one of the key Australia and New Zealand bolting tools market trends. Moreover, the introduction of smart bolting solutions with digital torque monitoring, data analytics, and cloud connectivity is revolutionising industrial applications. These tools provide real-time torque measurements, ensuring precise fastening and reducing rework and maintenance costs.

As per the Australia and New Zealand bolting tools market analysis, manufacturers are focusing on developing energy-efficient and environmentally friendly bolting tools to align with sustainability goals. Lightweight and ergonomic designs with lower power consumption are becoming increasingly preferred by industries aiming for green certifications. Besides, prefabrication and modular construction techniques are driving demand for efficient and precision fastening tools to enhance assembly processes. Modular buildings require standardised and consistent bolting solutions, leading to higher adoption of automated torque tools. This has increased the overall Australia and New Zealand bolting tools demand growth.

The increasing investments in wind energy infrastructure are fuelling the need for advanced bolting tools for turbine installation and maintenance. Given the high torque requirements and safety standards for wind farms, bolting solutions with automated tensioning systems are gaining traction. This is contributing to the Australia and New Zealand bolting tools market development. Moreover, as bolting tools become more sophisticated, there is a growing emphasis on workforce training and certification programs to ensure the proper handling and operation of advanced fastening equipment.

Despite the positive growth outlook, the bolting tools market in Australia and New Zealand faces several challenges. Advanced bolting tools, particularly hydraulic and pneumatic systems, can be costly, which may deter smaller businesses from adopting them. The operation of specialised bolting tools requires skilled professionals and a shortage of trained technicians can hinder the market growth. Besides, Australia and New Zealand bolting tools market revenue can also be impacted by the availability of cheaper, low-quality alternatives in the market.

Geopolitical factors, fluctuating raw material prices, and supply chain constraints can affect the availability and pricing of bolting tools. Besides, regular maintenance and calibration of bolting tools are necessary for optimal performance, which can add to operational costs for businesses. However, these challenges are also creating new opportunities for innovation, thereby driving market development.

The Australia and New Zealand bolting tools market value is poised for steady growth over the forecast period, driven by infrastructure expansion, technological advancements, and increasing industrial automation. Companies investing in innovation, digital transformation, and sustainability will likely gain a competitive edge in this evolving market landscape. As demand for high-performance bolting solutions continues to rise across various sectors, the market is expected to witness increased adoption of smart, energy-efficient, and automated bolting tools, ensuring enhanced safety and productivity in industrial applications.

Market Segmentation

The market can be divided based on material type, application, and country.

Market Breakup by Material Type

• Torque Wrenches
• Tensioners
• Spanners

Market Breakup by Application

• Oil and Gas
• Power Generation
• Construction
• Manufacturing
• Others

Market Breakup by Country

• Australia
• New Zealand

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Australia and New Zealand bolting tools market. Some of the major players explored in the report by Expert Market Research are as follows:

• Atlas Copco
• Enerpac
• SPX FLOW
• Norbar
• HYTORC
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.