Global DC Torque Tool Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global DC Torque Tool Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

DC torque tools are controlled fastening tools. The tools are powered by a DC electric motor. These tools allow engineers to adjust tool speed to match various applications and control more aspects of the fastening process, including key parameters such as torque and angle. DC torque tools are developed with the capabilities to tightly integrate and control all the key facets of the assembly automation process.

Market Overview:

The latest research study on the global DC Torque Tool market finds that the global DC Torque Tool market reached a value of USD 3116.71 million in 2022. It’s expected that the market will achieve USD 4408.62 million by 2028, exhibiting a CAGR of 5.95% during the forecast period.

E-commerce model is gradually emerging

In recent years, the Internet has transformed the business models of many traditional industries. As a traditional industry, power tools inevitably have to accept the challenges of the Internet. Many power tool companies have seized the favorable opportunity of the rapid development of Internet technology and e-commerce models, and have expanded their Internet sales models, injecting new vitality into the development of the power tool industry. Electric tools use the e-commerce sales model to improve the liquidity of products, break through the restrictions of traditional sales areas, and can significantly enhance the brand awareness of enterprises. The launch of the third-party e-commerce platform provides a new sales channel for power tool companies.

Raw material price fluctuations and rising labor costs

The cost of raw materials and labor accounted for a relatively high proportion of the cost of power tool products. The prices of raw materials such as silicon steel, aluminum parts, and enameled wires are greatly affected by the international bulk commodity trading prices, and show cyclical fluctuations. In recent years, labor costs have generally shown an upward trend, leading to an increase in labor costs for enterprises. The fluctuation of raw material prices and the rise of labor costs have put forward higher requirements for the cost control, pricing strategy and operation management of enterprises.

Regional political relations pose risks

The previous Sino-U.S. trade frictions, as well as the current conflict between Russia and Ukraine, fluctuations in political relations will affect the efficiency of the supply chain of products. The conflict between Russia and Ukraine will affect the price of electronic components, which in turn affects the production cost of intelligent products. At the same time, the conflict between Russia and Ukraine will be detrimental to energy prices, and rising energy prices will increase the production and operation costs of enterprises.

Region Overview:

Geographically, Europe held the largest market share – 34.77% in 2021.

Company Overview:

Atlas Copco AB is one of the major players operating in the DC Torque Tool market, holding a share of 11.87% in 2022.

Atlas Copco AB

Atlas Copco AB engages in the provision of sustainable productivity solutions. It offers compressors, vacuum solutions, generators, power tools, and assembly systems.

Robert Bosch GmbH

Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.

Segmentation Overview:

As for product types, the Handheld Tools segment held the largest market share in 2021.

Handheld Tools

Handheld tools are portable tools, portable power tools can be easily carried from one location to another, and are usually light enough to be used while being held in a person's hands.

Fixtured Tools

Fixtured tools are either large machines that are not easily moved or machines that must be tightly fastened to a stationary object in order to properly function.

Application Overview:

The market's largest segment by application is the segment Automotive, with a market share of 30.54% in 2021.

Key Companies in the global DC Torque Tool market covered in Chapter 3:

Ingersoll-Rand Plc
Hitachi Koki.
Stanley Black and Decker
Atlas Copco AB
Robert Bosch GmbH
Gedore-Werkzeugfabrik GmbH and Co. KG
Makita Corporation
Apex Tool Group, LLC
Panasonic Corporation
Hilti Corporation
Techtronic Industries Co. Ltd. (TTi)
Uryu Seisaku, Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the DC Torque Tool market from 2018 to 2029 is primarily split into:

Handheld Tools
Fixtured Tools

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the DC Torque Tool market from 2018 to 2029 covers:

Automotive
Aerospace
Electronics and Consumer Appliances
Energy
Shipbuilding

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)