Global Cordless Electric Torque Wrench Market Growth 2024-2030

Global Cordless Electric Torque Wrench Market Growth 2024-2030

A cordless electric torque wrench is a portable, battery-powered tool designed to precisely apply a specific amount of torque to fasteners, such as bolts or nuts, without the need for manual force. This tool combines the convenience of cordless operation with the precision of electronic torque control, making it ideal for tasks that require consistent and accurate tightening. Equipped with a motor and a torque-limiting mechanism, the cordless electric torque wrench allows users to set and achieve the desired torque level, ensuring that fasteners are tightened to the exact specifications needed for safety and performance. This makes it particularly useful in automotive, aerospace, construction, and industrial applications where torque accuracy is critical. The cordless design enhances mobility and ease of use, allowing professionals to work in tight or remote spaces without the restrictions of power cords.

The global Cordless Electric Torque Wrench market size is projected to grow from US$ 198 million in 2024 to US$ 283 million in 2030; it is expected to grow at a CAGR of 6.1% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Cordless Electric Torque Wrench Industry Forecast” looks at past sales and reviews total world Cordless Electric Torque Wrench sales in 2023, providing a comprehensive analysis by region and market sector of projected Cordless Electric Torque Wrench sales for 2024 through 2030. With Cordless Electric Torque Wrench sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cordless Electric Torque Wrench industry.

This Insight Report provides a comprehensive analysis of the global Cordless Electric Torque Wrench landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cordless Electric Torque Wrench portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cordless Electric Torque Wrench market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cordless Electric Torque Wrench and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cordless Electric Torque Wrench.

United States market for Cordless Electric Torque Wrench is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Cordless Electric Torque Wrench is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Cordless Electric Torque Wrench is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Cordless Electric Torque Wrench players cover RAD Torque Systems, HYTORC, TorcUP, Chicago Pneumatic, JUWEL, etc. In terms of revenue, the global two largest companies occupied for a share nearly

% in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Cordless Electric Torque Wrench market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Pistol Grip Torque Wrench
Straight Torque Wrench
Angle Torque Wrench

Segmentation by Application:
Aerospace
Manufacturing
Railway Maintenance
Automobile Industry
Construction
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
RAD Torque Systems
HYTORC
TorcUP
Chicago Pneumatic
JUWEL
alki Technik
Plarad
Enerpac
Norbar
TONE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cordless Electric Torque Wrench market?

What factors are driving Cordless Electric Torque Wrench market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cordless Electric Torque Wrench market opportunities vary by end market size?

How does Cordless Electric Torque Wrench break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.