Press release
DC Torque Tool Market Size & Share by Application, Type and Region - Global Forecast to 2025
The main objective of this report is to define, describe, and forecast the global “DC Torque Tool” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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The DC control tool is a system used for fasten the process of torque and automation and to provide precise, accurate and repeatable torque control. Torque fastening system manufacturers can optimize the assembly area due to its high performance, and it also reduces labor costs and increases productivity.
Key factors driving the expansion of the n market are the increasing sales of passenger and commercial vehicles, increasing adoption of industry 4.0, and the rising requirement of specific torque as well as efficient and flexible tools for fastening. Moreover, the demand of brushless DC motors helps market to grow for cordless fastening tools. The advancement in battery technology and decreasing prices of Li-Ion batteries are fueling the demand for DC torque tools. The progress in batteries and rapid replacement of Ni-Cd batteries with Li-Ion batteries help cordless tools to holda larger division of the DC torque systems market. Moreover, the acceptable and fast-changing techniques fuel the expansion of the cordless segment.
Depending on the application, sensor control tools provide precise and accurate torque control.. The current control tools, are not the same as sensor control tools. These tools provide a highly accurate fastening process. Therefore, owing to its various benefits, many manufacturers provide sensor control DC torque tool. Various factors such as variations in gear system, temperature, voltage, and motor performance do not influence the accuracy of the system. A subsidiary of Atlas Copco AB (Sweden), named Desoutter Industrial Tools, Estic Corporation (Japan), Stanley Black & Decker Inc. (U.S.), Robert Bosch GmbH (Germany), and Ingersoll Rand plc. (Ireland) have a substantial product portfolio of sensor control fastening tools.
DC torque tools are extensively used in the automotive industry at different stages. These tools are majorly employed by OEMs as well as in repair and service centers. In automotive industries, DC torque tools provide essential fastening solutions and precise torque, which is highly important for different projects that require precise measurements. Rising automotive production is expected to boost the DC torque tool market during the forecast period.
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The DC torque tool market can be categorized based on type, power source, industry, and region. Based on type, the market is segmented into handheld tools and fixture tools. The handheld tools segment is further sub-segmented into electric screwdriver, electric nutrunner, electric impact wrench, electric torque wrench, and others. Furthermore, in terms of power source, the market is segmented into corded and cordless. Based on industry, the DC torque tool market can be segmented into industry, automotive, OEMs, electronics and consumer appliances, service and repair, aerospace, energy, shipbuilding, and others (construction, process, metalworking, agriculture, medical device, and railway). In terms of region, the DC torque tool market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The market in APAC is expected to expand at a rapid pace during the forecast period
According to the OICA, in 2016, the automotive production in APAC was higher than fifty percent of total automotive production. Moreover, China and India are the major countries in APAC that are rising in this sector. Hence, with the growing industry of consumer appliances, automotive, power and electronics, the need of DC torque tool market is also rising. The market in APAC is expanding rapidly, as several countries in the region are opting for this technology.
Key players operating in the global DC torque tool market are Apex Tool Group, Llc Atlas Copco Ab Estic Corporation, Gedore-Werkzeugfabrik Gmbh & Co. Kg, Hilti Corporation Hitachi Koki Co., Ltd., Ingersoll-Rand Plc, Makita Corporation Panasonic Corporation, Robert Bosch Gmbh, Stanley Black & Decker, Inc., Techtronic Industries Co. Ltd. (Tti) and Uryu Seisaku, Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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