Automotive Torque Tool Market: 2020 Market Research With Size, Growth, Manufacturers, Segments and 2030 Forecasts
Automotive Torque Tool Market: Introduction
- Torque tool is used to apply torque to bolts or fasteners. Such tools are used in diverse industries including automotive, shipping and aerospace. The tools transmit an audible sound or click on exerting the set or desired torque.
- Some torque tools are difficult to use in constricted places, where reading a gauge is not possible in automotive applications. This issue is overcome by the use of torque tools that provide audio and visual indication. The torque tool emits an audible beep or sound on application of the desired torque. Some torque tools have a clutch mechanism, which enables rotation of the tools even after the desired torque has been exerted or applied.
Key Drivers of Automotive Torque Tool Market
- Beam type, clicking type, and dial indicator are the various types of torque tools. Every original equipment manufacturer and tier1 supplier aims to manufacture a product with high durability and quality. Electronic torque tools enable the user to digitally set or decide the torque to be applied. Click wrench has a clutch mechanism, which enables the user to rotate or tighten the tool even after the set or decided torque has been applied. Beam wrench has a lever arm, the lever arm has some level of elasticity, which allows the beam to bend marginally.
- Every OEM and supplier is focused on enhancing production and improving productivity with good quality within a short time. Earlier, conventional nutrunners were used which were slow and required more time for tightening and fastening the nut or bolt. The handheld direct current (DC) torque tool is fast and requires less time to tighten and fasten the nut and bolt as compared to conventional nutrunners.
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Asia Pacific to be highly lucrative market for automotive torque tool
- Asia Pacific holds a significant share of the global automotive market. Subsequently, a torque tool is extensively utilized in the automotive industry in order to maintain and service the vehicle. Torque tools are also used in automotive service centers to repair vehicles, which in turn is also estimated to boost the torque tool market. India and China has large number of garages, which in turn is projected to significantly propel the torque tool market.
- Europe, North America, and Latin America dominating the torque tool market.as the demand for vehicles in these regions is significantly increasing and major breakdown of vehicles are witnessed in these regions. The construction industry in Asia Pacific is considerable large and the industry witnesses a significant demand for torque tools for construction activities. This, in turn, is estimated to propel the global torque tool market.
Key Players Operating in Automotive Torque Tool Market
The global automotive torque tool market is highly concentrated owing to the presence of several top manufacturers. A few key players operating in the torque tool market are:
- Atlas Copco Ltd.
- Stanley Black & DeckerDelta-T Devices Ltd
- TONE Co. Ltd.
- Torcstar Bolting Tools Ltd.
- Torque Master Tools Pvt. Ltd.
- Sensata Technologies, Inc.
- Snap -On Inc.
- Ingersoll Rand Inc.
- Yokata Red Rooster BV
- Werkzeugfabrik GMBH & Co.
- Enerpac Co. Ltd
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Global Automotive Torque Tool Market: Research Scope
Global Automotive Torque Tool Market, by Tool Type
- Torque wrenches
- Torque screwdrivers
- Torque multiplier
- Nutrunner
Global Automotive Torque Tool Market, by Type
- Corded
- Cordless
- Dial Indicator
Global Automotive Torque Tool Market, by Torque Setting
- Adjustable torque
- Preset torque
Global Automotive Torque Tool Market, by Operating Mechanism
- Manual Operated
- Electronic Operated
- Pneumatic Operated
- Hydraulic operated
Global Automotive Torque Tool Market, by Application
- Engineering and Machine manufacturing
- Automotive industry
- Construction
- Shipping and aerospace
- Others
Global Automotive Torque Tool Market, by sales channel
- OEM
- Aftermarket
Global Automotive Torque Tool Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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