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Global Torque Wrenches Market 2018-2022

Global Torque Wrenches Market 2018-2022

About Torque Wrenches

A torque wrench is a fastening or bolting tool used to apply an appropriate amount of torque or limit the amount of torque that is applied on the fastener, to prevent excess or under-tightening.

Technavio’s analysts forecast the global torque wrenches market to grow at a CAGR of 4.69% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global torque wrenches market for 2018-2022. To calculate the market size, the report considers the trade and sales of torque wrenches.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Torque Wrenches Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Actuant
  • Apex Tool Group
  • Atlas Copco
  • Snap-on
  • Stanley Black & Decker
  • TOHNICHI Mfg.
Market driver
  • Growing automotive industry
  • For a full, detailed list, view our report
Market challenge
  • Volatility in raw material prices and rising labor costs
  • For a full, detailed list, view our report
Market trend
  • Product innovations
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Torque Wrenches Market 2018-2022

Technavio recognizes the following companies as the key players in the global torque wrenches market: Actuant, Apex Tool Group, Atlas Copco, Snap-on, Stanley Black & Decker, andTOHNICHI Mfg.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is product innovations. Over the years, the global torque wrenches market has witnessed several innovations in the design of torque wrenches and the material used for manufacturing them, making them more reliable and efficient in fastening applications. These innovations allow greater differentiation between product offerings from different vendors, leading to the growth of the market.”

According to the report, one of the major drivers for this market is growing automotive industry. The automotive industry is the single largest end-user of torque wrenches globally, which are extensively used in automobile production facilities, and for repair and maintenance of vehicles in workshops and home. Therefore, the growth in global automobile production and sales during the forecast period is expected to significantly accelerate the demand for wrenches.

Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices and rising labor costs. The volatility in prices of raw materials used in the construction of torque wrenches and the increase in manufacturing labor costs represent a significant challenge for torque wrench manufacturers and are expected to affect their earnings during the forecast period.

Companies Mentioned

Actuant, Apex Tool Group, Atlas Copco, Snap-on, Stanley Black & Decker, andTOHNICHI Mfg.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global torque wrenches market 2018-2022: snapshot
      • Table Global torque wrenches market by end-user
      • Table Global torque wrenches market by product
      • Table Global torque wrenches market by geography
      • Table Global hand tools, power tools, and accessories market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global torque wrenches market - Market size and forecast 2017-2022 ($ mn)
      • Table Global - Year over year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Manual torque wrenches - Market size and forecast 2017-2022
      • Table Manual torque wrenches - Market size and forecast 2017-2022 ($ mn)
      • Table Manual torque wrenches - Year over year growth 2018-2022 (%)
    • Powered torque wrenches - Market size and forecast 2017-2022
      • Table Powered torque wrenches - Market size and forecast 2017-2022 ($ mn)
      • Table Powered torque wrenches - Year over year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • General industry - Market size and forecast 2017-2022
      • Table General industry - Market size and forecast 2017-2022 ($ mn)
      • Table General industry - Year over year growth 2018-2022 (%)
    • Automotive - Market size and forecast 2017-2022
      • Table Automotive - Market size and forecast 2017-2022 ($ mn)
      • Table Global automobile production stats and forecast 2012-2021 (units, in millions)
      • Table Automotive - Year over year growth 2018-2022 (%)
    • Construction - Market size and forecast 2017-2022
      • Table Construction - Market size and forecast 2017-2022 ($ mn)
      • Table Construction - Year over year growth 2018-2022 (%)
    • Aerospace - Market size and forecast 2017-2022
      • Table Aerospace - Market size and forecast 2017-2022 ($ mn)
      • Table Aerospace - Year over year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global torque wrenches market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year over year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year over year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year over year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Cumulative automotive sales growth and production growth (2011-2016)
      • Table Electric vehicle sales January 2016 and 2017 (units)
      • Table New private residential constructions in US 2011-2016 (units, in thousands)
      • Table Global electricity generation by region 2010-2016 (TWh)
      • Table Region-wise rig count (2016-2017)
    • Market challenges
      • Table Cumulative growth in raw material prices (June '16-Mar '17)
      • Table Factors affecting economic slowdown in China
  • Market trends
    • Product innovations
    • Growing adoption of cordless torque wrench
    • Li-ion batteries replacing Ni-Cd batteries in cordless tools
      • Table Comparison between Li-Ion and Ni-Cd batteries
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor Classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Actuant
      • Table Vendor overview
      • Table Actuant - Business segments
      • Table Actuant - Organizational developments
      • Table Actuant - Geographic focus
      • Table Actuant - Segment focus
      • Table Actuant - Key offerings
      • Table Actuant - Key customers
    • Apex Tool Group
      • Table Vendor overview
      • Table Apex Tool Group - Business segments
      • Table Apex Tool Group - Organizational developments
      • Table Apex Tool Group - Geographic focus
      • Table Apex Tool Group - Segment focus
      • Table Apex Tool Group - Key offerings
      • Table Apex Tool Group - Key customers
    • Atlas Copco
      • Table Vendor overview
      • Table Atlas Copco - Business segments
      • Table Atlas Copco - Organizational developments
      • Table Atlas Copco - Geographic focus
      • Table Atlas Copco - Segment focus
      • Table Atlas Copco - Key offerings
      • Table Atlas Copco - Key customers
    • Snap-on
      • Table Vendor overview
      • Table Snap-on - Business segments
      • Table Snap-on - Organizational developments
      • Table Snap-on - Geographic focus
      • Table Snap-on - Segment focus
      • Table Snap-on - Key offerings
      • Table Snap-on - Key customers
    • Stanley Black & Decker
      • Table Vendor overview
      • Table Stanley Black & Decker - Business segments
      • Table Stanley Black & Decker - Organizational developments
      • Table Stanley Black & Decker - Geographic focus
      • Table Stanley Black & Decker - Segment focus
      • Table Stanley Black & Decker - Key offerings
      • Table Stanley Black & Decker - Key customers
    • TOHNICHI Mfg.
      • Table Vendor overview
      • Table TOHNICHI Mfg. - Business segments
      • Table TOHNICHI Mfg. - Organizational developments
      • Table TOHNICHI Mfg. - Geographic focus
      • Table TOHNICHI Mfg. - Segment focus
      • Table TOHNICHI Mfg. - Key offerings
      • Table TOHNICHI Mfg. - Key customers
  • Appendix
    • List of abbreviations
  • Explore Technavio

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