DC Torque Tool Market Overview By Share, Size, Industry Players, Global Revenue And Product Demand Till 2021 2030

In a recent published report, Kenneth Research has updated the market report for DC Torque Tool Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for DC Torque Tool Market products.

Kenneth Research has published a detailed report on DC Torque Tool Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.

The Global DC Torque Tool Market was valued at USD 2.93 billion in 2016 and is projected to reach USD 3.84 billion by 2025, growing at a CAGR of 3.06% from 2017 to 2025.

DC torque tools are developed with the capabilities to tightly integrate and control all the key facets of the assembly automation process. DC torque tools are widely used in the automotive industry at various stages. These tools are used by OEMs as well as in the service and repair centers. These tools allow for easy integration into an existing assembly line and flexibility for rapid reconfiguration when implementing new manufacturing projects. The benefits of DC torque tools include – error proofing, reduction of production cycle, provides a consistent and repeatable process control, fast torque data analysis, low cost, and easy maintenance and repair.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Growing importance of smart tools
1.2 Increasing adoption in the wind energy industry
1.3 Increasing sales of commercial vehicles
1.4 Rising need of specific torque and flexible and efficient fastening tools
1.5 Growing adoption of electric fastening tools
2. Market Restraints
2.1 Strict global trade regulations and high cost
2.2 Issues with keeping track of electric fastening tools
2.3 Usage of fastening tools in harsh environments

Market Segmentation:
The Global DC Torque Tool Market is segmented on the power source, type, vertical, and region.

1. Power Source:
1.1 Cordless
1.2 Corded

2. By Type:
2.1 Fixtured Tool
2.2 Handheld Tools
2.2.1 Electric Torque Wrench
2.2.2 Electric Impact Wrench
2.2.3 Electric Nutrunner
2.2.4 Electric Screwdriver
2.2.5 Others

3. By Vertical:
3.1 Shipbuilding
3.2 Automotive
3.2.1 Service and Repair
3.2.2 OEMs
3.3 Electronics and Consumer Appliances
3.4 Energy
3.5 Aerospace
3.6 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Makita Corporation
2. Atlas Copco AB
3. Hilti Corporation
4. Apex Tool Group, LLC
5. Ingersoll-Rand Plc
6. Uryu Seisaku, Ltd
7. Gedore-Werkzeugfabrik GmbH & Co. KG
8. Robert Bosch GmbH
9. Techtronic Industries Co. Ltd. (TTi)
10. Stanley Black & Decker, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global DC Torque Tool Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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