Torque Wrench Market Report – Research, Industry Analysis Reports and Market Demands

Global Torque Wrench Market Growth 2019-2024

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Table of Content

2019-2024 Global Torque Wrench Consumption Market Report

1 Scope of the Report

2 Executive Summary

2.1 World Market Overview
- 2.1.1 Global Torque Wrench Consumption 2014-2024
- 2.1.2 Torque Wrench Consumption CAGR by Region
2.2 Torque Wrench Segment by Type
- 2.2.1 Manual Torque Wrench
- 2.2.2 Pneumatic Torque Wrench
- 2.2.3 Electronic Torque Wrench
2.3 Torque Wrench Consumption by Type
- 2.3.1 Global Torque Wrench Consumption Market Share by Type (2014-2019)
- 2.3.2 Global Torque Wrench Revenue and Market Share by Type (2014-2019)
- 2.3.3 Global Torque Wrench Sale Price by Type (2014-2019)
2.4 Torque Wrench Segment by Application
- 2.4.1 Automotive
- 2.4.2 Engineering & Construction
- 2.4.3 Shipping & Aerospace
- 2.4.4 Other
2.5 Torque Wrench Consumption by Application
- 2.5.1 Global Torque Wrench Consumption Market Share by Application (2014-2019)
- 2.5.2 Global Torque Wrench Value and Market Share by Application (2014-2019)
- 2.5.3 Global Torque Wrench Sale Price by Application (2014-2019)

3 Global Torque Wrench by Players

3.1 Global Torque Wrench Sales Market Share by Players
- 3.1.1 Global Torque Wrench Sales by Players (2017-2019)
- 3.1.2 Global Torque Wrench Sales Market Share by Players (2017-2019)
3.2 Global Torque Wrench Revenue Market Share by Players
- 3.2.1 Global Torque Wrench Revenue by Players (2017-2019)
- 3.2.2 Global Torque Wrench Revenue Market Share by Players (2017-2019)
3.3 Global Torque Wrench Sale Price by Players
3.4 Global Torque Wrench Manufacturing Base Distribution, Sales Area, Product Types by Players
- 3.4.1 Global Torque Wrench Manufacturing Base Distribution and Sales Area by Players
- 3.4.2 Players Torque Wrench Products Offered
3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion

4 Torque Wrench by Regions

4.1 Torque Wrench by Regions
- 4.1.1 Global Torque Wrench Consumption by Regions
- 4.1.2 Global Torque Wrench Value by Regions
4.2 Americas Torque Wrench Consumption Growth
4.3 APAC Torque Wrench Consumption Growth
4.4 Europe Torque Wrench Consumption Growth
4.5 Middle East & Africa Torque Wrench Consumption Growth

5 Americas

5.1 Americas Torque Wrench Consumption by Countries
- 5.1.1 Americas Torque Wrench Consumption by Countries (2014-2019)
- 5.1.2 Americas Torque Wrench Value by Countries (2014-2019)
5.2 Americas Torque Wrench Consumption by Type
5.3 Americas Torque Wrench Consumption by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC

6.1 APAC Torque Wrench Consumption by Countries
- 6.1.1 APAC Torque Wrench Consumption by Countries (2014-2019)
- 6.1.2 APAC Torque Wrench Value by Countries (2014-2019)
6.2 APAC Torque Wrench Consumption by Type
6.3 APAC Torque Wrench Consumption by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

7 Europe

7.1 Europe Torque Wrench by Countries
- 7.1.1 Europe Torque Wrench Consumption by Countries (2014-2019)
- 7.1.2 Europe Torque Wrench Value by Countries (2014-2019)
7.2 Europe Torque Wrench Consumption by Type
7.3 Europe Torque Wrench Consumption by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries

8 Middle East & Africa

8.1 Middle East & Africa Torque Wrench by Countries
- 8.1.1 Middle East & Africa Torque Wrench Consumption by Countries (2014-2019)
- 8.1.2 Middle East & Africa Torque Wrench Value by Countries (2014-2019)
8.2 Middle East & Africa Torque Wrench Consumption by Type
8.3 Middle East & Africa Torque Wrench Consumption by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 Market Drivers, Challenges and Trends

9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends

10 Marketing, Distributors and Customer

10.1 Sales Channel
- 10.1.1 Direct Channels
- 10.1.2 Indirect Channels
10.2 Torque Wrench Distributors
10.3 Torque Wrench Customer

11 Global Torque Wrench Market Forecast

11.1 Global Torque Wrench Consumption Forecast (2019-2024)
11.2 Global Torque Wrench Forecast by Regions
- 11.2.1 Global Torque Wrench Forecast by Regions (2019-2024)
- 11.2.2 Global Torque Wrench Value Forecast by Regions (2019-2024)
- 11.2.3 Americas Consumption Forecast
- 11.2.4 APAC Consumption Forecast
- 11.2.5 Europe Consumption Forecast
- 11.2.6 Middle East & Africa Consumption Forecast
11.3 Americas Forecast by Countries
- 11.3.1 United States Market Forecast
- 11.3.2 Canada Market Forecast
- 11.3.3 Mexico Market Forecast
- 11.3.4 Brazil Market Forecast
11.4 APAC Forecast by Countries
- 11.4.1 China Market Forecast
- 11.4.2 Japan Market Forecast
- 11.4.3 Korea Market Forecast
- 11.4.4 Southeast Asia Market Forecast
- 11.4.5 India Market Forecast
- 11.4.6 Australia Market Forecast
11.5 Europe Forecast by Countries
- 11.5.1 Germany Market Forecast
- 11.5.2 France Market Forecast
- 11.5.3 UK Market Forecast
- 11.5.4 Italy Market Forecast
- 11.5.5 Russia Market Forecast
- 11.5.6 Spain Market Forecast
11.6 Middle East & Africa Forecast by Countries
- 11.6.1 Egypt Market Forecast
- 11.6.2 South Africa Market Forecast
- 11.6.3 Israel Market Forecast
- 11.6.4 Turkey Market Forecast
- 11.6.5 GCC Countries Market Forecast
11.7 Global Torque Wrench Forecast by Type
11.8 Global Torque Wrench Forecast by Application

12 Key Players Analysis

13 Research Findings and Conclusion

Description

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.

Indirect marketing, also means distribution, is an important supplement of direct marketing. Today, in certain consumer goods industry, distribution has been the major marketing channel. Through sign specific contact with the professional retailers, manufacturers can get more orders without extra cost on marketing. Certainly, the distributors will occupy part profit among the marketing of products.
When the manufacturers entered into a target market, find some professional distributors can be useful. These distributors have a clearer sense of the local market.

The most prominent feature of modern marketing is the e-commerce. E-commerce is the buying and selling of goods and services over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
As the fast development of internet technology, E-commerce is becoming more and more popular. Most manufacturers have built their sales website or operated an official sales store in the ecommerce platform. E-commerce can decrease the investment on solid stores and manufacturers can get the market sales conditions easily as the sales data can be counted easily.

According to this study, over the next five years the Torque Wrench market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 7560 million by 2024, from US$ 5930 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Torque Wrench business, shared in Chapter 3.

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

This study considers the Torque Wrench value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Manual Torque Wrench
Pneumatic Torque Wrench
Electronic Torque Wrench
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automotive
Engineering & Construction
Shipping & Aerospace
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Torque Wrench consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Torque Wrench market by identifying its various subsegments.
Focuses on the key global Torque Wrench manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Torque Wrench with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Torque Wrench submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.