Press release
Why Automotive Torque Tools Market is growing rapidly? Top Players Stanley Black & Decker, Norbar, Torcstar, Tone Co. Ltd., Rad Torque Systems, Torque Master Tools Pvt. Ltd., Toptul, Atlas Copco AB, Shingare Industries, Tekton, Powermaster Engineers Pvt.
Increasing complexities in advanced automobile assemblies is driving automotive torque tools market outlook over the last few years. Continuous enhancement of the existing torque tools to improve performance along with rising automobile production have emerged as the most critical factors in ensuring rapid product penetration across various geographies.
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Recently Ingersoll Rand introduced a host of pneumatic tools application across different business segments, including auto manufacturing. These products included effective torque wrenches designed for maximum torque during fastening and are targeting use in hazardous working environments. Similar efforts taken by other tool manufacturers to cater to the growing need for automobile assembly, repair and maintenance applications will fuel automotive torque tools market expansion. Global vehicle production had surpassed the 95.6 million mark in 2018, indicating the massive customer base for automotive tools.
The development of battery-powered torque tools which are able to operate in adverse conditions has been instrumental in expanding automotive torque tools market share. These electric tools enable users to fasten critical joints safely, accurately, and rapidly. Moreover, increasing pace of technology advancement owing to sizeable investments in R&D activities is further helping the product to reach a wider consumer base.
When it comes to the types of automotive torque tools, it is imperative to take note of the popularity garnered by cordless torque tools which enhance the assembly process with diligent tracking mechanisms. Numerous major automotive torque tool manufacturers are launching new lightweight and compact cordless tools that provide high accuracy and ease of handling. A commendable instance of the new breed of cordless torque tools is the expanded version of Ingersoll Rand's QX Series(TM) power tools.
Innovative trends in material usage to design and manufacture automotive tools with enhanced reliability and efficiency in bolt fastening applications have transformed automotive torque tools market dynamics. The International Organization for Standardization (ISO) and other administrative bodies have proposed certain guidelines with respect to design, quality, calibration and measurements of tools to control quality and performance. As these regulations keep updating and standards evolve to keep pace with the changing auto sector, there would be consistent advancement of torque tools deployed in the automotive sector.
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As the auto sector evolves in the near future, the necessity of incorporating torque tools would certainly increase in the manufacturing and maintenance of new-age vehicles. The industry players such as Enerpac, Rad Torque Systems, Tekton, Atlas Copco, Torcstar, Norbar, Ingersoll Rand PLC, and GEDORE Werkzeugfabrik GMBH & Co. KG are focusing on advancing the existing technology which would drive the growth prospects of automotive torque tools market.
Table of Contents (ToC) of the report:
Chapter 5. Automotive Torque Tools Market, By Operating Mechanism
5.1. Global automotive torque tools market share by operating mechanism, 2018 & 2025
5.2. Manual
5.2.1. Global market estimates and forecasts, 2013 - 2025
5.2.2. Market estimates and forecast, by region, 2013 - 2025
5.3. Pneumatic
5.3.1. Global market estimates and forecasts, 2013 - 2025
5.3.2. Market estimates and forecast, by region, 2013 - 2025
5.4. Electronic
5.4.1. Global market estimates and forecasts, 2013 - 2025
5.4.2. Market estimates and forecast, by region, 2013 - 2025
5.5. Hydraulic
5.5.1. Global market estimates and forecasts, 2013 - 2025
5.5.2. Market estimates and forecast, by region, 2013 - 2025
Chapter 6. Automotive Torque Tools Market, By Type
6.1. Global automotive torque tools market share by type, 2018 & 2025
6.2. Corded
6.2.1. Global market estimates and forecasts, 2013 - 2025
6.2.2. Market estimates and forecast, by region, 2013 - 2025
6.3. Cordless
6.3.1. Global market estimates and forecasts, 2013 - 2025
6.3.2. Market estimates and forecast, by region, 2013 - 2025
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/automotive-torque-tool-market
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