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Global DC Torque Tool Market by Handheld Tool (Nutrunners, Screwdrivers, Torque Wrenches, Impact Wrenches), Fixtured Tool, Power Source (Corded, Cordless), Control System (Transducer, Current), Industry and Region - Forecast to 2029

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    Report

  • 219 Pages
  • July 2024
  • Region: Global
  • Markets and Markets
  • ID: 5980955
Description Jump to:
The DC torque tool market is expected to reach USD 4.4 billion by 2029 from USD 3.6 billion in 2024, at a CAGR of 3.7% from 2024-2029. Rising automation and data exchange in manufacturing sector, Growing emphasis on precise torque measurements to meet stringent aviation standards, Surging demand for electric fastening tools for motor vehicles, Rapid infrastructure development and industrialization in emerging economies.

Electric torque wrenches segment is to hold the largest market share of DC torque tool market in 2023.

Many handheld electric torque wrenches come with advanced features such as programmable torque settings, data logging, and wireless connectivity, aligning with modern manufacturing needs. These tools offer real-time monitoring and feedback, which enhances quality control and traceability. The flexibility, ease of use, precision, technological integration, efficiency, and alignment with industry trends towards automation and quality control. Furthermore, their ergonomic design, safety features, and versatility in a variety of applications help to fuel their growing appeal in modern manufacturing and assembly operations.

Automotive Industry is to hold the largest market share of DC torque tool market in 2023

Automotive dominates the DC torque tool market, with the greatest market share, owing to a growth in motor vehicle production and sales in 2023. The largest market for DC torque tools is the automotive industry, which requires high precision, efficiency, and adherence to strict quality requirements in assembly operations. The industry's concentration on automation, the rise of electric vehicles, and high production numbers all help to drive demand for these devices. Furthermore, the use of DC torque tools in maintenance and aftermarket services ensures their widespread adoption within the automotive sector.

The US in holds the largest market share of DC torque tool market in 2023.

North America comprises the US, Canada, and Mexico. The US is the leading country in North America, accounting for the largest market share. In the US, rapid adoption of technologies and product development are estimated to play a significant role in market growth. As a global innovation leader, particularly in precise engineering and manufacturing, the US is constantly improving DC torque tools' accuracy, efficiency, and integration capabilities. Automotive, aerospace, electronics, and equipment industries rely significantly on these tools for assembly, maintenance, and quality control, owing to high requirements and an emphasis on efficiency.

The growth of the market in US is also attributed to presence of prominent market players such as Stanley Black & Decker, Inc. (US), Apex Tool Group, LLC (US), and Ingersoll Rand (US).

The break-up of the profiles of primary participants:

  • By Company Type - Tier 1 - 30%, Tier 2 - 35%, and Tier 3 - 35%
  • By Designation - C-level Executives - 55%, Directors - 30%, and Others - 15%
  • By Region - North America - 35%, Europe - 20%, Asia Pacific - 35%, and Rest of the World - 10%
Major players in the DC torque tool market include Atlas Copco AB (Sweden); Apex Tool Group, LLC (US); Ingersoll Rand (US); Stanley Black & Decker, Inc. (US); Robert Bosch GmbH (Germany), and others.

Research Coverage

The report segments the DC torque tool market by Tool Type, Power Source, Control System, Industry and Region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.

Reasons to buy the report:

The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall DC torque tool market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of critical drivers (Rising automation and data exchange in manufacturing sector, Growing emphasis on precise torque measurements to meet stringent aviation standards, Surging demand for electric fastening tools for motor vehicles, Rapid infrastructure development and industrialization in emerging economies.), restraints (High costs and safety risks associated with DC torque tools), opportunities (Increasing demand for smart and connected DC torque tools, Growing preference for renewable energy), challenges (Overheating and duty cycle constraints in high-torque operations, Staying compliant with existing trade policies and safety regulations) influencing the growth of the DC torque tool market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the DC torque tool market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the DC torque tool market across various regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the DC torque tool market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like include Atlas Copco AB (Sweden), Apex Tool Group, LLC (US), Ingersoll Rand (US), Stanley Black & Decker, Inc. (US), Robert Bosch GmbH (Germany), and others.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 DC Torque Tool Market Segmentation
1.3.2 Inclusions and Exclusions
1.3.3 Regional Scope
1.3.4 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Stakeholders
1.7 Summary of Changes
1.8 Impact of Recession
2 Research Methodology
2.1 Research Data
Figure 2 DC Torque Tool Market: Research Design
2.1.1 Secondary Data
2.1.1.1 List of Key Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 List of Primary Interview Participants
2.1.2.3 Key Data from Primary Sources
2.1.2.4 Key Industry Insights
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation Methodology
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Arrive at Market Size Using Bottom-Up Analysis (Demand Side)
Figure 3 DC Torque Tool Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Arrive at Market Size Using Top-Down Analysis (Supply Side)
Figure 4 DC Torque Tool Market: Top-Down Approach
Figure 5 DC Torque Tool Market Size Estimation Methodology
2.3 Market Breakdown and Data Triangulation
Figure 6 DC Torque Tool Market: Data Triangulation
2.4 Research Assumptions
Figure 7 DC Torque Tool Market: Research Assumptions
2.5 Risk Assessment
Figure 8 DC Torque Tool Market: Risk Assessment
2.6 Parameters Considered to Analyze Recession Impact on DC Torque Tool Market
Table 1 Parameters Considered to Analyze Recession Impact on DC Torque Tool Market
2.7 Research Limitations
3 Executive Summary
Figure 9 DC Torque Tool Market Size, 2020-2029 (USD Million)
Figure 10 Handheld Tools to Account for Larger Market Share in 2029
Figure 11 Corded Segment Held Larger Market Share in 2023
Figure 12 Transducer Control Tools to Dominate Market During Forecast Period
Figure 13 Automotive Segment to Record Highest CAGR Between 2024 and 2029
Figure 14 Asia-Pacific to Exhibit Highest CAGR in Global DC Torque Tool Market from 2024 to 2029
4 Premium Insights
4.1 Attractive Opportunities for Players in DC Torque Tool Market
Figure 15 Rapid Industrialization and Economic Growth to Create Lucrative Opportunities for Players in DC Torque Tool Market
4.2 DC Torque Tool Market, by Handheld Tool
Figure 16 Electric Torque Wrenches Segment to Hold Largest Market Share in 2024
4.3 DC Torque Tool Market, by Control System
Figure 17 Transducer Control Tools Held Larger Share of DC Torque Tool Market in 2023
4.4 DC Torque Tool Market, by Industry
Figure 18 Automotive Segment to Dominate DC Torque Tool Market During Forecast Period
4.5 DC Torque Tool Market, by Country
Figure 19 India to Witness Highest CAGR in Global DC Torque Tool Market from 2024 to 2029
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 20 DC Torque Tool Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rising Automation and Data Exchange in Manufacturing Sector
5.2.1.2 Growing Emphasis on Precise Torque Measurements to Meet Stringent Aviation Standards
5.2.1.3 Surging Demand for Electric Fastening Tools for Motor Vehicles
Figure 21 Motor Vehicle Sales, 2019-2023 (Million Units)
5.2.1.4 Rapid Infrastructure Development and Industrialization in Emerging Economies
Figure 22 Impact Analysis: Drivers
5.2.2 Restraints
5.2.2.1 High Costs and Safety Risks Associated with DC Torque Tools
Figure 23 Impact Analysis: Restraints
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Smart and Connected DC Torque Tools
5.2.3.2 Growing Preference for Renewable Energy
Figure 24 Global Wind Power Installation Capacity, 2016-2022 (Gw)
Figure 25 Impact Analysis: Opportunities
5.2.4 Challenges
5.2.4.1 Overheating and Duty Cycle Constraints in High-Torque Operations
5.2.4.2 Staying Complaint with Existing Trade Policies and Safety Regulations
Figure 26 Impact Analysis: Challenges
5.3 Trends/Disruptions Impacting Customers’ Businesses
Figure 27 Trends/Disruptions Impacting Customers’ Businesses
5.4 Pricing Analysis
5.4.1 Average Selling Price Trend, by Handheld Tool
Figure 28 Average Selling Price Trend, by Handheld Tool, 2020-2023 (USD)
5.4.2 Average Selling Price Trend of Key Players, by Handheld Tool
Figure 29 Average Selling Price Trend of DC Torque Handheld Tools Offered by Key Players (USD)
Table 2 Average Selling Price Trend of DC Torque Handheld Tools Offered by Key Players (USD)
5.4.3 Indicative Pricing Trend, by Region
Figure 30 Indicative Pricing Trend of Handheld Tools, by Region, 2021-2023 (USD)
Table 3 Indicative Pricing Trend of Handheld Tools, by Region, 2021-2023 (USD)
5.5 Value Chain Analysis
Figure 31 Value Chain Analysis
5.6 Ecosystem Analysis
Figure 32 Ecosystem Analysis
Table 4 Role of Companies in DC Torque Tool Ecosystem
5.7 Technology Analysis
5.7.1 Key Technologies
5.7.1.1 Electric Motors
5.7.1.2 Torque-Sensing and Control Systems
5.7.2 Complementary Technologies
5.7.2.1 Industry 4.0 and Internet of Things (IoT)
5.7.2.2 Ergonomics and Human-Machine Interface (Hmi)
5.7.2.3 Data Analytics and Cloud Computing
5.7.3 Adjacent Technologies
5.7.3.1 Precision Engineering and Manufacturing
5.7.3.2 Material Science
5.8 Patent Analysis
Figure 33 Patents Applied and Granted, 2014-2023
Table 5 List of Patents, 2021-2024
5.9 Trade Analysis
5.9.1 Import Scenario (HS Code 846729)
Figure 34 Import Data for HS Code 846729-Compliant Products, by Country, 2019-2023 (USD Million)
5.9.2 Export Scenario (HS Code 846729)
Figure 35 Export Data for HS Code 846729-Compliant Products, by Country, 2019-2023 (USD Million)
5.10 Key Conferences and Events, 2024-2025
Table 6 List of Key Conferences and Events, 2024-2025
5.11 Case Study Analysis
5.11.1 Bergstrom Inc. Integrates Mountz Error-Proofing Tools to Ensure Precision and Reliability in Automotive Manufacturing
5.11.2 Atlas Copco Group Recommends Customers to Implement Electric DC Torque Tools to Address Fastening Issues
5.11.3 Toyota Motor Corporation Implements Encore Systems’ DC Torque Tools to Improve Automotive Assembly
5.12 Tariff and Regulatory Landscape
5.12.1 Tariff Analysis
Table 7 Mfn Tariff for HS Code 846729-Compliant Products Exported by US, 2023
5.12.2 Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 RoW: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.3 Standards
Table 12 Standards Related to DC Torque Tools
5.13 Porter's Five Forces Analysis
Figure 36 Porter's Five Forces Analysis
Table 13 Porter's Five Forces Analysis
5.13.1 Intensity of Competitive Rivalry
5.13.2 Bargaining Power of Suppliers
5.13.3 Bargaining Power of Buyers
5.13.4 Threat of Substitutes
5.13.5 Threat of New Entrants
5.14 Key Stakeholders and Buying Criteria
5.14.1 Key Stakeholders in Buying Process
Figure 37 Influence of Stakeholders on Buying Process for Top Three Industries
Table 14 Influence of Stakeholders on Buying Process for Top Three Industries (%)
5.14.2 Buying Criteria
Figure 38 Key Buying Criteria for Top Three Industries
Table 15 Key Buying Criteria for Top Three Industries
6 DC Torque Tool Market, by Tool Type
6.1 Introduction
Figure 39 DC Torque Tool Market, by Tool Type
Figure 40 Handheld Tools Segment to Witness Higher CAGR from 2024 to 2029
Table 16 DC Torque Tool Market, by Tool Type, 2020-2023 (USD Million)
Table 17 DC Torque Tool Market, by Tool Type, 2024-2029 (USD Million)
6.2 Handheld Tools
Table 18 Handheld Tools: DC Torque Tool Market, by Type, 2020-2023 (USD Million)
Table 19 Handheld Tools: DC Torque Tool Market, by Type, 2024-2029 (USD Million)
Table 20 Handheld Tools: DC Torque Tool Market, by Type, 2020-2023 (Thousand Units)
Table 21 Handheld Tools: DC Torque Tool Market, by Type, 2024-2029 (Thousand Units)
Table 22 Handheld Tools: DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 23 Handheld Tools: DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
Table 24 Handheld Tools: DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 25 Handheld Tools: DC Torque Tool Market, by Region, 2024-2029 (USD Million)
6.2.1 Electric Nutrunners
6.2.1.1 Accuracy and Low Energy Consumption Attributes to Foster Segmental Growth
Table 26 Electric Nutrunners: DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 27 Electric Nutrunners: DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
6.2.2 Electric Screwdrivers
6.2.2.1 Need for Quality Assurance Services to Meet Regulatory Requirements to Augment Segmental Growth
Table 28 Electric Screwdrivers: DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 29 Electric Screwdrivers: DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
6.2.3 Electric Torque Wrenches
6.2.3.1 Integration into Automated Assembly Systems for Manufacturing Process Optimization to Drive Market
Table 30 Electric Torque Wrenches: DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 31 Electric Torque Wrenches: DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
6.2.4 Electric Impact Wrenches
6.2.4.1 Ease of Use and Operation to Contribute to Segmental Growth
Table 32 Electric Impact Wrenches: DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 33 Electric Impact Wrenches: DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
6.2.5 Other Handheld Tools
Table 34 Other Handheld Tools: DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 35 Other Handheld Tools: DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
6.3 Fixtured Tools
6.3.1 Requirement for Accurate Torque Tools in Automotive Assembly Lines to Accelerate Segmental Growth
Table 36 Fixtured Tools: DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 37 Fixtured Tools: DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
Table 38 Fixtured Tools: DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 39 Fixtured Tools: DC Torque Tool Market, by Region, 2024-2029 (USD Million)
7 DC Torque Tool Market, by Power Source
7.1 Introduction
Figure 41 DC Torque Tool Market, by Power Source
Figure 42 Cordless Segment to Exhibit Higher CAGR Between 2024 and 2029
Table 40 DC Torque Tool Market, by Power Source, 2020-2023 (USD Million)
Table 41 DC Torque Tool Market, by Power Source, 2024-2029 (USD Million)
7.2 Corded Tools
7.2.1 Use in Heavy-Duty Applications Requiring High Torque to Boost Segmental Growth
7.3 Cordless Tools
7.3.1 Advances in Battery Technology to Facilitate Segmental Growth
8 DC Torque Tool Market, by Control System
8.1 Introduction
Figure 43 DC Torque Tool Market, by Control System
Figure 44 Transducer Control Tools Segment to Register Higher CAGR from 2024 to 2029
Table 42 DC Torque Tool Market, by Control System, 2020-2023 (USD Million)
Table 43 DC Torque Tool Market, by Control System, 2024-2029 (USD Million)
8.2 Transducer Control Tools
8.2.1 Requirement for Precise Torque Control in Automotive and Aerospace Manufacturing to Fuel Segmental Growth
Table 44 Transducer Control Tools: DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 45 Transducer Control Tools: DC Torque Tool Market, by Region, 2024-2029 (USD Million)
8.3 Current Control Tools
8.3.1 Ease of Use and Low Maintenance Requirements to Augment Segmental Growth
Table 46 Current Control Tools: DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 47 Current Control Tools: DC Torque Tool Market, by Region, 2024-2029 (USD Million)
9 DC Torque Tool Market, by Industry
9.1 Introduction
Figure 45 DC Torque Tool Market, by Industry
Figure 46 Automotive Industry to Witness Highest CAGR During Forecast Period
Table 48 DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 49 DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
9.2 Automotive
9.2.1 Growing Emphasis on Smart Manufacturing and Automation to Boost Segmental Growth
Figure 47 Global Passenger Vehicle Sales, 2019-2023 (Million Units)
Figure 48 Global Commercial Vehicle Sales, 2019-2023 (Million Units)
Table 50 Automotive: DC Torque Tool Market, by Tool Type, 2020-2023 (USD Million)
Table 51 Automotive: DC Torque Tool Market, by Tool Type, 2024-2029 (USD Million)
Table 52 Automotive: DC Torque Tool Market for Handheld Tools, by Type, 2020-2023 (USD Million)
Table 53 Automotive: DC Torque Tool Market for Handheld Tools, by Type, 2024-2029 (USD Million)
Table 54 Automotive: DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 55 Automotive: DC Torque Tool Market, by Region, 2024-2029 (USD Million)
9.3 Aerospace
9.3.1 Increasing Need to Comply with Stringent Safety Standards to Contribute to Segmental Growth
Table 56 Aerospace: DC Torque Tool Market, by Tool Type, 2020-2023 (USD Million)
Table 57 Aerospace: DC Torque Tool Market, by Tool Type, 2024-2029 (USD Million)
Table 58 Aerospace: DC Torque Tool Market for Handheld Tools, by Type, 2020-2023 (USD Million)
Table 59 Aerospace: DC Torque Tool Market for Handheld Tools, by Type, 2024-2029 (USD Million)
Table 60 Aerospace: DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 61 Aerospace: DC Torque Tool Market, by Region, 2024-2029 (USD Million)
9.4 Consumer Electronics & Appliances
9.4.1 Rising Focus on Preventing Malfunctions and Fire Hazards to Foster Segmental Growth
Table 62 Consumer Electronics & Appliances: DC Torque Tool Market, by Tool Type, 2020-2023 (USD Million)
Table 63 Consumer Electronics & Appliances: DC Torque Tool Market, by Tool Type, 2024-2029 (USD Million)
Table 64 Consumer Electronics & Appliances: DC Torque Tool Market for Handheld Tools, by Type, 2020-2023 (USD Million)
Table 65 Consumer Electronics & Appliances: DC Torque Tool Market for Handheld Tools, by Type, 2024-2029 (USD Million)
Table 66 Consumer Electronics & Appliances: DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 67 Consumer Electronics & Appliances: DC Torque Tool Market, by Region, 2024-2029 (USD Million)
9.5 Energy
9.5.1 Growing Complexity of Power Generation to Fuel Segmental Growth
Table 68 Energy: DC Torque Tool Market, by Tool Type, 2020-2023 (USD Million)
Table 69 Energy: DC Torque Tool Market, by Tool Type, 2024-2029 (USD Million)
Table 70 Energy: DC Torque Tool Market for Handheld Tools, by Type, 2020-2023 (USD Million)
Table 71 Energy: DC Torque Tool Market for Handheld Tools, by Type, 2024-2029 (USD Million)
Table 72 Energy: DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 73 Energy: DC Torque Tool Market, by Region, 2024-2029 (USD Million)
9.6 Shipbuilding
9.6.1 Rapid Technological Innovation and Design Optimization to Accelerate Segmental Growth
Table 74 Shipbuilding: DC Torque Tool Market, by Tool Type, 2020-2023 (USD Million)
Table 75 Shipbuilding: DC Torque Tool Market, by Tool Type, 2024-2029 (USD Million)
Table 76 Shipbuilding: DC Torque Tool Market for Handheld Tools, by Type, 2020-2023 (USD Million)
Table 77 Shipbuilding: DC Torque Tool Market for Handheld Tools, by Type, 2024-2029 (USD Million)
Table 78 Shipbuilding: DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 79 Shipbuilding: DC Torque Tool Market, by Region, 2024-2029 (USD Million)
9.7 Other Industries
Table 80 Other Industries: DC Torque Tool Market, by Tool Type, 2020-2023 (USD Million)
Table 81 Other Industries: DC Torque Tool Market, by Tool Type, 2024-2029 (USD Million)
Table 82 Other Industries: DC Torque Tool Market for Handheld Tools, by Type, 2020-2023 (USD Million)
Table 83 Other Industries: DC Torque Tool Market for Handheld Tools, by Type, 2024-2029 (USD Million)
Table 84 Other Industries: DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 85 Other Industries: DC Torque Tool Market, by Region, 2024-2029 (USD Million)
10 DC Torque Tool Market, by Region
10.1 Introduction
Figure 49 India to Register Highest CAGR in Global DC Torque Market During Forecast Period
Figure 50 Asia-Pacific to Dominate Global DC Torque Tool Market from 2024 to 2029
Table 86 DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 87 DC Torque Tool Market, by Region, 2024-2029 (USD Million)
10.2 North America
10.2.1 Recession Impact on DC Torque Tool Market in North America
Figure 51 North America: DC Torque Tool Market Snapshot
Table 88 North America: DC Torque Tool Market, by Country, 2020-2023 (USD Million)
Table 89 North America: DC Torque Tool Market, by Country, 2024-2029 (USD Million)
Table 90 North America: DC Torque Tool Market, by Tool Type, 2020-2023 (USD Million)
Table 91 North America: DC Torque Tool Market, by Tool Type, 2024-2029 (USD Million)
Table 92 North America: DC Torque Tool Market, by Control System, 2020-2023 (USD Million)
Table 93 North America: DC Torque Tool Market, by Control System, 2024-2029 (USD Million)
Table 94 North America: DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 95 North America: DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
10.2.2 US
10.2.2.1 Growing Use of Fastening Tools in Automobile Assembly and Production Lines to Drive Market
10.2.3 Canada
10.2.3.1 Increasing Investment in Construction Projects to Augment Market Growth
10.2.4 Mexico
10.2.4.1 Rising Automobile and Aircraft Manufacturing to Contribute to Market Growth
10.3 Europe
10.3.1 Recession Impact on DC Torque Tool Market in Europe
Figure 52 Europe: DC Torque Tool Market Snapshot
Table 96 Europe: DC Torque Tool Market, by Country, 2020-2023 (USD Million)
Table 97 Europe: DC Torque Tool Market, by Country, 2024-2029 (USD Million)
Table 98 Europe: DC Torque Tool Market, by Tool Type, 2020-2023 (USD Million)
Table 99 Europe: DC Torque Tool Market, by Tool Type, 2024-2029 (USD Million)
Table 100 Europe: DC Torque Tool Market, by Control System, 2020-2023 (USD Million)
Table 101 Europe: DC Torque Tool Market, by Control System, 2024-2029 (USD Million)
Table 102 Europe: DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 103 Europe: DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
10.3.2 Germany
10.3.2.1 Increasing Car Registration and Manufacturing to Foster Market Growth
10.3.3 France
10.3.3.1 Rising House Renovation and Remodeling Activities to Accelerate Market Growth
10.3.4 UK
10.3.4.1 Increasing Investment in Infrastructure Development Projects to Boost Market Growth
10.3.5 Spain
10.3.5.1 Mounting Wind Power Installations to Contribute to Market Growth
10.3.6 Rest of Europe
10.4 Asia-Pacific
10.4.1 Recession Impact on DC Torque Tool Market in Asia-Pacific
Figure 53 Asia-Pacific: DC Torque Tool Market Snapshot
Table 104 Asia-Pacific: DC Torque Tool Market, by Country, 2020-2023 (USD Million)
Table 105 Asia-Pacific: DC Torque Tool Market, by Country, 2024-2029 (USD Million)
Table 106 Asia-Pacific: DC Torque Tool Market, by Tool Type, 2020-2023 (USD Million)
Table 107 Asia-Pacific: DC Torque Tool Market, by Tool Type, 2024-2029 (USD Million)
Table 108 Asia-Pacific: DC Torque Tool Market, by Control System, 2020-2023 (USD Million)
Table 109 Asia-Pacific: DC Torque Tool Market, by Control System, 2024-2029 (USD Million)
Table 110 Asia-Pacific: DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 111 Asia-Pacific: DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
10.4.2 China
10.4.2.1 Increasing Sales of Motor Vehicles to Contribute to Market Growth
10.4.3 Japan
10.4.3.1 Growing Export of Large Construction Vehicles to Boost Market Growth
10.4.4 India
10.4.4.1 Rapid Industrialization and Manufacturing Sector Growth to Drive Market
10.4.5 Rest of Asia-Pacific
10.5 RoW
10.5.1 Recession Impact on DC Torque Tool Market in RoW
Table 112 RoW: DC Torque Tool Market, by Region, 2020-2023 (USD Million)
Table 113 RoW: DC Torque Tool Market, by Region, 2024-2029 (USD Million)
Table 114 RoW: DC Torque Tool Market, by Tool Type, 2020-2023 (USD Million)
Table 115 RoW: DC Torque Tool Market, by Tool Type, 2024-2029 (USD Million)
Table 116 RoW: DC Torque Tool Market, by Control System, 2020-2023 (USD Million)
Table 117 RoW: DC Torque Tool Market, by Control System, 2024-2029 (USD Million)
Table 118 RoW: DC Torque Tool Market, by Industry, 2020-2023 (USD Million)
Table 119 RoW: DC Torque Tool Market, by Industry, 2024-2029 (USD Million)
10.5.2 South America
10.5.2.1 Rising Enforcement of Stringent Regulations to Ensure Manufacturing Safety to Fuel Market Growth
10.5.3 Middle East
10.5.3.1 Burgeoning Investment in Vehicle Assembly and Component Manufacturing to Drive Market
10.5.3.2 GCC Countries
10.5.3.3 Rest of Middle East
10.5.4 Africa
10.5.4.1 Government-Led Initiatives to Promote Industrialization to Accelerate Market Growth
11 Competitive Landscape
11.1 Overview
11.2 Key Player Strategies/Right to Win, 2021-2024
Table 120 DC Torque Tool Market: Overview of Strategies Adopted by Key Players, 2021-2024
11.3 Revenue Analysis, 2019-2023
Figure 54 DC Torque Tool Market: Revenue Analysis of Four Key Players, 2019-2023
11.4 Market Share Analysis, 2023
Table 121 DC Torque Tool Market: Market Share Analysis, 2023
Figure 55 DC Torque Tool Market: Market Share Analysis, 2023
11.5 Company Valuation and Financial Metrics
Figure 56 Company Valuation (USD Billion)
Figure 57 Financial Metrics (EV/EBITDA)
11.6 Brand/Product Comparison
Figure 58 Brand/Product Comparison
11.7 Company Evaluation Matrix: Key Players, 2023
11.7.1 Stars
11.7.2 Emerging Leaders
11.7.3 Pervasive Players
11.7.4 Participants
Figure 59 DC Torque Tool Market: Company Evaluation Matrix (Key Players), 2023
11.7.5 Company Footprint: Key Players, 2023
11.7.5.1 Company Footprint
Figure 60 DC Torque Tool Market: Company Footprint
11.7.5.2 Tool Type Footprint
Table 122 DC Torque Tool Market: Tool Type Footprint
11.7.5.3 Power Source Footprint
Table 123 DC Torque Tool Market: Power Source Footprint
11.7.5.4 Industry Footprint
Table 124 DC Torque Tool Market: Industry Footprint
11.7.5.5 Region Footprint
Table 125 DC Torque Tool Market: Region Footprint
11.8 Company Evaluation Matrix: Startups/SMEs, 2023
11.8.1 Progressive Companies
11.8.2 Responsive Companies
11.8.3 Dynamic Companies
11.8.4 Starting Blocks
Figure 61 DC Torque Tool Market: Company Evaluation Matrix (Startups/SMEs), 2023
11.8.5 Competitive Benchmarking: Startups/SMEs, 2023
11.8.5.1 Detailed List of Key Startups/SMEs
Table 126 DC Torque Tool Market: Detailed List of Key Startups/SMEs
11.8.5.2 Competitive Benchmarking of Key Startups/SMEs
Table 127 DC Torque Tool Market: Competitive Benchmarking of Key Startups/SMEs
11.9 Competitive Scenario and Trends
11.9.1 Product Launches
Table 128 DC Torque Tool Market: Product Launches, January 2021-March 2024
11.9.2 Others
Table 129 DC Torque Tool Market: Deals, January 2021-March 2024
12 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 Key Players
12.1.1 Atlas Copco AB
Table 130 Atlas Copco AB: Company Overview
Figure 62 Atlas Copco AB: Company Snapshot
Table 131 Atlas Copco AB: Products/Solutions/Services Offered
Table 132 Atlas Copco AB: Product Launches
12.1.2 Apex Tool Group, LLC
Table 133 Apex Tool Group, LLC: Company Overview
Table 134 Apex Tool Group, LLC: Products/Solutions/Services Offered
12.1.3 Stanley Black & Decker, Inc.
Table 135 Stanley Black & Decker, Inc.: Company Overview
Figure 63 Stanley Black & Decker, Inc.: Company Snapshot
Table 136 Stanley Black & Decker, Inc.: Products/Solutions/Services Offered
Table 137 Stanley Black & Decker, Inc.: Product Launches
Table 138 Stanley Black & Decker, Inc.: Others
12.1.4 Robert Bosch GmbH
Table 139 Robert Bosch GmbH: Company Overview
Figure 64 Robert Bosch GmbH: Company Snapshot
Table 140 Robert Bosch GmbH: Products/Solutions/Services Offered
12.1.5 Ingersoll Rand
Table 141 Ingersoll Rand: Company Overview
Figure 65 Ingersoll Rand: Company Snapshot
Table 142 Ingersoll Rand: Products/Solutions/Services Offered
12.1.6 Gedore Werkzeugfabrik GmbH & Co. KG
Table 143 Gedore Werkzeugfabrik GmbH & Co. KG.: Company Overview
Table 144 Gedore Werkzeugfabrik GmbH & Co. KG.: Products/Solutions/Services Offered
12.1.7 Hilti Corporation
Table 145 Hilti Corporation: Company Overview
Figure 66 Hilti Corporation: Company Snapshot
Table 146 Hilti Corporation: Products/Solutions/Services Offered
12.1.8 Makita Corporation
Table 147 Makita Corporation: Company Overview
Figure 67 Makita Corporation: Company Snapshot
Table 148 Makita Corporation: Products/Solutions/Services Offered
12.1.9 Techtronic Industries Co. Ltd.
Table 149 Techtonic Industries Co. Ltd.: Company Overview
Figure 68 Techtonic Industries Co. Ltd.: Company Snapshot
Table 150 Techtonic Industries Co. Ltd.: Products/Solutions/Services Offered
12.1.10 Uryu Seisaku, Ltd.
Table 151 Uryu Seisaku, Ltd.: Company Overview
Table 152 Uryu Seisaku, Ltd.: Products/Solutions/Services Offered
Table 153 Uryu Seisaku, Ltd.: Product Launches
12.2 Other Players
12.2.1 Aimco
Table 154 Aimco: Company Overview
12.2.2 Estic Corporation
Table 155 Estic Corporation: Company Overview
12.2.3 Delta Regis
Table 156 Delta Regis: Company Overview
12.2.4 Desoutter Industrial Tools
Table 157 Desoutter Industrial Tools: Company Overview
12.2.5 Fein Power Tools, Inc.
Table 158 Fein Power Tools, Inc.: Company Overview
12.2.6 Koki Holdings Co. Ltd.
Table 159 Koki Holdings Co. Ltd.: Company Overview
12.2.7 Kolver Srl.
Table 160 Kolver Srl: Company Overview
12.2.8 Mint GmbH
Table 161 Mint GmbH: Company Overview
12.2.9 Norbar Torque Tools
Table 162 Norbar Torque Tools: Company Overview
12.2.10 Panasonic Corporation
Table 163 Panasonic Corporation: Company Overview
12.2.11 Rhino Tool House
Table 164 Rhino Tool House: Company Overview
12.2.12 Snap-On
Table 165 Snap-On: Company Overview
12.2.13 Sumake Industrial Co. Ltd.
Table 166 Sumake Industrial Co. Ltd.: Company Overview
12.2.14 Tohnichi Mfg. Co. Ltd.
Table 167 Tohnichi Mfg. Co. Ltd.: Company Overview
12.2.15 Weber Screwdriving Systems, Inc.
Table 168 Weber Screwdriving Systems, Inc.: Company Overview
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies
13 Adjacent Market
13.1 Introduction
Figure 69 Power Tools Market, by Application
Figure 70 Residential/DIY Segment to Record Higher CAGR During Forecast Period
Table 169 Power Tools Market, by Application, 2020-2023 (USD Million)
Table 170 Power Tools Market, by Application, 2024-2029 (USD Million)
13.2 Industrial/Professional
Figure 71 Construction Segment to Dominate Market for Industrial/Professional Applications from 2024 to 2029
Table 171 Industrial/Professional: Power Tools Market, by Type, 2020-2023 (USD Million)
Table 172 Industrial/Professional: Power Tools Market, by Type, 2024-2029 (USD Million)
Table 173 Industrial/Professional: Power Tools Market, by Region, 2020-2023 (USD Million)
Table 174 Industrial/Professional: Power Tools Market, by Region, 2024-2029 (USD Million)
13.2.1 Construction
13.2.1.1 Growing Demand for Impact Drills and Rotary Hammers in Construction Projects to Boost Segmental Growth
Table 175 Construction: Power Tools Market, by Mode of Operation, 2020-2023 (USD Million)
Table 176 Construction: Power Tools Market, by Mode of Operation, 2024-2029 (USD Million)
Table 177 Construction: Power Tools Market, by Region, 2020-2023 (USD Million)
Table 178 Construction: Power Tools Market, by Region, 2024-2029 (USD Million)
13.2.2 Automotive
13.2.2.1 Ease of Maintenance by Speeding Up Repetitive Processes to Drive Market
Table 179 Automotive: Power Tools Market, by Mode of Operation, 2020-2023 (USD Million)
Table 180 Automotive: Power Tools Market, by Mode of Operation, 2024-2029 (USD Million)
Table 181 Automotive: Power Tools Market, by Region, 2020-2023 (USD Million)
Table 182 Automotive: Power Tools Market, by Region, 2024-2029 (USD Million)
13.2.3 Aerospace
13.2.3.1 Rising Demand for Fuel-Efficient and Quiet Aircraft Components to Accelerate Segmental Growth
Table 183 Aerospace: Power Tools Market, by Mode of Operation, 2020-2023 (USD Million)
Table 184 Aerospace: Power Tools Market, by Mode of Operation, 2024-2029 (USD Million)
Table 185 Aerospace: Power Tools Market, by Region, 2020-2023 (USD Million)
Table 186 Aerospace: Power Tools Market, by Region, 2024-2029 (USD Million)
13.2.4 Energy
13.2.4.1 Increasing Number of Wind Projects in Developing Countries to Fuel Segmental Growth
Table 187 Energy: Power Tools Market, by Mode of Operation, 2020-2023 (USD Million)
Table 188 Energy: Power Tools Market, by Mode of Operation, 2024-2029 (USD Million)
Table 189 Energy: Power Tools Market, by Region, 2020-2023 (USD Million)
Table 190 Energy: Power Tools Market, by Region, 2024-2029 (USD Million)
13.2.5 Shipbuilding
13.2.5.1 Growing Demand for Screwdrivers, Electric Nutrunners, and Impact Wrenches to Augment Market Growth
Table 191 Shipbuilding: Power Tools Market, by Mode of Operation, 2020-2023 (USD Million)
Table 192 Shipbuilding: Power Tools Market, by Mode of Operation, 2024-2029 (USD Million)
Table 193 Shipbuilding: Power Tools Market, by Region, 2020-2023 (USD Million)
Table 194 Shipbuilding: Power Tools Market, by Region, 2024-2029 (USD Million)
13.2.6 Other Industries
Table 195 Other Industries: Power Tools Market, by Mode of Operation, 2020-2023 (USD Million)
Table 196 Other Industries: Power Tools Market, by Mode of Operation, 2024-2029 (USD Million)
Table 197 Other Industries: Power Tools Market, by Region, 2020-2023 (USD Million)
Table 198 Other Industries: Power Tools Market, by Region, 2024-2029 (USD Million)
13.3 Residential/DIY
13.3.1 Rising Focus on Remodeling and Refurbishing Existing Homes to Boost Segmental Growth
Table 199 Residential/DIY: Power Tools Market, by Region, 2020-2023 (USD Million)
Table 200 Residential/DIY: Power Tools Market, by Region, 2024-2029 (USD Million)
14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledgestore: The Subscription Portal
14.4 Customization Options

Companies Mentioned

  • Atlas Copco Ab
  • Apex Tool Group, LLC
  • Stanley Black & Decker, Inc.
  • Robert Bosch GmbH
  • Ingersoll Rand
  • Gedore Werkzeugfabrik GmbH & Co. KG
  • Hilti Corporation
  • Makita Corporation
  • Techtronic Industries Co. Ltd.
  • Uryu Seisaku, Ltd.
  • Aimco
  • Estic Corporation
  • Delta Regis
  • Desoutter Industrial Tools
  • Fein Power Tools, Inc.
  • Koki Holdings Co. Ltd.
  • Kolver Srl.
  • Mint GmbH
  • Norbar Torque Tools
  • Panasonic Corporation
  • Rhino Tool House
  • Snap-On
  • Sumake Industrial Co. Ltd.
  • Tohnichi Mfg. Co. Ltd.
  • Weber Screwdriving Systems, Inc.

Table Information

Report AttributeDetails
No. of Pages219
PublishedJuly 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 3.6 Billion
Forecasted Market Value ( USD ) by 2029 $ 4.4 Billion
Compound Annual Growth Rate3.7%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Market

DC Torque Tools are a type of machine tool used to measure and control the amount of torque applied to a fastener. They are used in a variety of industries, including automotive, aerospace, and medical device manufacturing. DC Torque Tools are designed to provide precise and repeatable torque measurements, allowing for accurate and consistent fastening. They are also used to monitor and control the torque applied to a fastener during assembly, ensuring that the correct amount of torque is applied. DC Torque Tools are available in a variety of sizes and configurations, allowing for a wide range of applications. They are typically powered by either an AC or DC motor, and can be used with a variety of fasteners, including screws, nuts, and bolts. Some of the companies in the DC Torque Tools market include Atlas Copco, Desoutter, Ingersoll Rand, and Snap-on. Show Less Read more

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