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. According to our (Global Info Research) latest study, the global Torque Wrench market size was valued at USD 298.4 million in 2022 and is forecast to a readjusted size of USD 438.3 million by 2029 with a CAGR of 5.6% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. Global Torque Wrench key players include Snap-on (CDI), Norbar, Proto, TONE, Tohnichi, etc. Global five four manufacturers hold a share over 50%. North America is the largest market, with a share over 40%, followed by Europe and Asia-Pacific, both have a share over 50%. In terms of product, Manual Torque Wrench is the largest segment, with a share over 75%. And in terms of application, the largest application is Automotive, followed by Engineering and Construction, Shipping and Aerospace, etc. This report is a detailed and comprehensive analysis for global Torque Wrench market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided. Key Features: Global Torque Wrench market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029 Global Torque Wrench market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029 Global Torque Wrench market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029 Global Torque Wrench market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2018-2023 The Primary Objectives in This Report Are: To determine the size of the total market opportunity of global and key countries To assess the growth potential for Torque Wrench To forecast future growth in each product and end-use market To assess competitive factors affecting the marketplace This report profiles key players in the global Torque Wrench market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Snap-on (CDI), Norbar, Proto, TONE and Tohnichi, etc. This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence. Market Segmentation Torque Wrench market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets. Market segment by Type Manual Torque Wrench Pneumatic Torque Wrench Electronic Torque Wrench Market segment by Application Automotive Engineering and Construction Shipping and Aerospace Others Major players covered 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 segment by region, regional analysis covers North America (United States, Canada and Mexico) Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe) Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia) South America (Brazil, Argentina, Colombia, and Rest of South America) Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa) The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Torque Wrench product scope, market overview, market estimation caveats and base year. Chapter 2, to profile the top manufacturers of Torque Wrench, with price, sales, revenue and global market share of Torque Wrench from 2018 to 2023. Chapter 3, the Torque Wrench competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Torque Wrench breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029. Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029. Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Torque Wrench market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029. Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War. Chapter 13, the key raw materials and key suppliers, and industry chain of Torque Wrench. Chapter 14 and 15, to describe Torque Wrench sales channel, distributors, customers, research findings and conclusion.
1 Market Overview 1.1 Product Overview and Scope of Torque Wrench 1.2 Market Estimation Caveats and Base Year 1.3 Market Analysis by Type 1.3.1 Overview: Global Torque Wrench Consumption Value by Type: 2018 Versus 2022 Versus 2029 1.3.2 Manual Torque Wrench 1.3.3 Pneumatic Torque Wrench 1.3.4 Electronic Torque Wrench 1.4 Market Analysis by Applicatio
