DC Torque Tool Market Size, Share & Industry Growth Analysis Report by Handheld Tool (Nutrunners, Screwdrivers, Torque Wrenches, Impact Wrenches), Fixtured Tool, Power Source (Corded, Cordless), Control System (Transducer, Current), Industry and Region - Global Forecast to 2029
Updated on : October 22, 2024
DC Torque Tool Market Size & Growth
The global DC torque tool market size is estimated to be valued at USD 3.6 billion in 2024 and is anticipated to reach USD 4.4 billion by 2029, growing at a CAGR of 3.7% between 2024 to 2029.
The market growth is ascribed to technological advancements such as digital controls, torque sensors, and real-time monitoring capabilities enhance tool functionality and integration with smart manufacturing systems.
DC Torque Tool Market Forecast to 2029
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DC Torque Tool Market Trends
Driver: Surging demand for electric fastening tools for motor vehicles
The automobile industry holds approximately 50% of the DC torque tool market. The motor vehicle types includes passenger automobiles, light commercial vehicles, big trucks, buses, and coaches. Motor vehicle sales are increasing, which is driving the market. DC torque tools are utilised in a variety of automotive applications, including engine assembly, chassis assembly, body assembly, brake and seat installation, interior assembly, powertrain assembly and the final car assembly line. These tools also help in detecting defects early, such as faulty parts during the assembly operation in the automotive industry.
According to the International Organization of Motor Vehicle Manufacturers (OICA), sales in 2022 declined due to the COVID-19 pandemic, lockdowns, and supply chain disruptions. although, sales of all motor vehicles increased in 2023 by approximately 13% and which is expected to continue growing in the upcoming years due to increased demand, economic growth, advance car technology, and increased adoption of motor vehicles. Consequently, the automotive industry is anticipated to maintain its position as a key player in the DC torque tool market.
Restraint: High costs and safety risks associated with DC torque tools
DC torque tools should be kept from hazardous environments to prevent fires. These tools generate heat and can catch fire in hazardous environments. Hard conditions, such as high temperatures, high humidity, and exposure to corrosive substances, can affect the performance and lifespan of traditional torque tools. There is a risk of electrical shocks to the user in such harsh conditions, which effect the tool functionality and increases maintenance complexity and safety risks.
Maintenance becomes more frequent and challenging in remote or hazardous locations, requiring specialized equipment and expertise. Therefore, these tools are not suitable for wet workplaces. Heavy power tools can cause wrist injuries due to torque reactions. Prolonged usage of fastening tools may lead to overheating, and transducer fastening tools require regular calibration.
Additionally, brushed tools need periodic replacement. DC torque tools are more expensive than other fastening tools and sensitive to specific applications. All these factors have an adverse impact on the growth of the electric fastening systems market.
Opportunity: Increasing demand for smart and connected DC torque tools
The demand for smart and connected DC torque tools to enhance functionality, efficiency, and data-driven insights has increased across various industries. With the rise of Industry 4.0 and the Internet of Things (IoT), there is a greater emphasis on integrating digital technology into industrial processes to improve performance and productivity.
Smart and connected DC torque tools use sensors, wireless connectivity, and data analytics capabilities to provide advanced features including real-time monitoring, remote control, and predictive maintenance. These instruments enable producers to collect useful information on torque application processes, such as torque levels, angle measurements, and fastening sequences. This information can be used to optimise assembly processes, identify possible difficulties before they become major problems, and ensure quality standards are met.
Furthermore, remotely monitoring and controlling torque tools improves operational flexibility and efficiency, particularly in large-scale production facilities or remote work environments. Smart and connected DC torque tools also allow for easy integration with larger industrial systems, such as manufacturing execution systems (MES) or enterprise resource planning (ERP) software, resulting in smooth data interchange and process automation. This connectivity streamlines production operations, improves traceability, and allows for real-time decision-making.
Challenge: Overheating and duty cycle constraints in high-torque operations
DC torque tools face challenges with overheating and duty cycle constraints, especially during continuous or high-torque operations. Continuous use can cause the electric motor and other components to overheat, resulting in damage or diminished performance. Extreme heating can damage motors, reduce tool performance, and pose safety risks to operators, especially in safety-critical industries like automotive assembly and aerospace production.
Manufacturers address these issues by incorporating thermal management features, duty cycle constraints, and advanced monitoring systems to regulate heat and prevent overheating. By adhering to usage recommendations and employing effective heat management measures, manufacturers can uphold the reliability, longevity, and safety of their DC torque tools in demanding industrial environments.
DC Torque Tool Market Ecosystem
DC Torque Tool Market Segmentation
The handheld tool segment accounted for the largest share of the DC torque tool market in 2023.
Tool type is segmented into handheld tools and fixtured tools. handheld tools further segmented in to electric nutrunners, electric screwdrivers, electric torque wrenches, electric impact wrenches. These tools are designed for applying precise torque to bolts and nuts. These tools are known for their ergonomic designs and lightweight construction, which help to reduce operator fatigue during assembly and maintenance operations. Handheld tools provide changeable torque settings via digital or analogue controls, ensuring precise fastening without over- or under-torquing. Handheld DC torque tools are versatile and ideal for various industries, including automotive, aerospace, consumer electronics & appliances, energy, shipbuilding, construction and more. They enable consistent torque application, which is critical for preserving product quality and safety. They frequently use rechargeable batteries for mobility and may contain digital screens for real-time monitoring and data logging, which improves workflow efficiency and traceability in industrial environments.
The Corded power source segment is to dominate the market sharein 2023.
The power source segmented into corded and cordless. Corded DC torque tools hold largest market share in 2023. Corded tools are generally cheaper to purchase compared to cordless options. Corded DC torque tools are widely utilised in industrial applications due to their dependability, consistent performance, and constant power supply. These tools are preferred for heavy-duty applications demanding high torque levels, since they provide durability and lifespan in harsh settings. Corded tools continue to dominate the torque tool industry due to their steady power and sturdy performance.
The transducer control tools segment is to hold the largest market share during the forecast period.
The DC torque tool market share is segmented into transducer and current control tools. DC torque tools with control systems offer precise tightening compared with traditional manual fastening system. Transducer control tools use a sensor to directly measure the applied torque and shut off the motor when the desired level is reached. These tools are incorporate a built-in torque transducer in DC torque tool, that measures the applied torque in real time, offering immediate feedback to the control system. This allows for accurate, closed-loop control, consistently achieving the desired torque and preventing over-torquing and under-torquing. This makes them ideal for industries, such as automotive and aerospace manufacturing, where precise torque control is critical for the quality and safety of assembled products.
Automotive industry will grow at the highest CAGR during the forecast period.
The DC torque tools are widely used in the automotive industry for tasks, such as engine assembly, chassis construction, and installing electronic components in electric vehicles. The shift towards electric vehicles (EVs) is a major driver, needing accurate torque tools for assembling battery packs, motors, and electronic components critical to performance and safety. Automotive manufacturers are adopting modern manufacturing techniques that rely largely on automation and digitalization, with DC torque tools ensuring constant torque application, reducing assembly times, and increasing overall production efficiency. The industry's growing vehicle production, combined with advancements in lightweight materials such as composites and alloys, highlights the importance of DC torque tools in properly handling these materials during assembly.
DC Torque Tool Industry Regional Analysis
Asia Pacific region to grow at the highest CAGR during the forecast period.
The Asia Pacific region is segmented into China, Japan, India, and the Rest of Asia Pacific. The Asia Pacific region is a significant raw material manufacturing hub for consumer electronics, automotive, pharmaceuticals, and healthcare applications, representing a fast-growing market for DC torque tools industry. The economies of India and China are the fastest-growing economies in the world. The rapid industrialization and urbanization happening in China, India, and South-East Asian countries raise the demand for automation solutions across end-user industries such as manufacturing and assembly. In India, rapid growth of industrialization coupled with expansion in the manufacturing sector increased the demand for precision tools. In addition, initiatives taken by the Government of India, that includes Make in India, Skill India, and 100 Smart Cities Mission, are projected to further accelerate this growth.
DC Torque Tool Market by Region
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Top DC Torque Tool Companies - Key Market Players
The major companies in the DC torque tool companies are are
- Atlas Copco AB (Sweden),
- Apex Tool Group, LLC (US),
- Ingersoll Rand (US),
- Stanley Black & Decker, Inc. (US),
- Robert Bosch GmbH (Germany) and others.
These companies have used both organic and inorganic growth strategies, such as product launches, acquisitions, and partnerships to strengthen their position in the DC torque tool industry.
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Scope of the Report
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Report Metric |
Details |
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Estimated Market Size |
USD 3.6 billion |
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Expected Market Size |
USD 4.4 billion |
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Growth Rate |
CAGR of 3.7% |
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Years Considered |
2020–2029 |
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Base year considered |
2023 |
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Forecast period |
2024–2029 |
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Forecast units |
Value (USD million/billion) |
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Segments Covered |
Tool Type, Power Source, Control System, Industry and Region |
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Regions covered |
North America, Asia Pacific, Europe, and Rest of the World |
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Companies covered |
Atlas Copco AB (Sweden); Apex Tool Group, LLC (US); Ingersoll Rand (US); Stanley Black & Decker, Inc. (US); Robert Bosch GmbH (Germany); Techtronic Industries Co. Ltd. (Hong Kong); Hilti Corporation (Liechtenstein); and Makita Corporation (Japan). Total 25 companies profiled. |
DC Torque Tool Market Highlights
In this report, the overall DC torque tool market share has been segmented based on Tool Type, Power Source, Control System, Industry and Region.
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Segment |
Subsegment |
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By Tool Type |
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By Power Source |
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By Control System |
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By Industry |
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By Region |
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Recent Developments
- In March 2024 Chicago Pneumatic (a brand of Atlas Copco AB) launched the CP8609 series of eBlueTork battery-operated torque wrenches, ideal for fast and accurate tire changes on large commercial vehicles, including trucks and buses. These tools enhance operator safety, traceability, and productivity in nutrunning operations, building on the success of the CP86 series.
- In July 2023, DEWALT, a subsidiary of Stanley Black & Decker, Inc., announced the new FLEXTORQ Screwdriving Bit. These FLEXTORQ PH2 bits drive 100% more screws per bit, while the bits for use with T20 to T40 size fasteners deliver from 2X up to 5X superior fit.
Frequently Asked Questions (FAQs):
What will be the global DC torque tool market size in 2024?
The DC torque tool market is expected to be valued at USD 3.63 billion in 2024.
Who are the global DC torque tool market share winners?
Companies such as Atlas Copco AB, Apex Tool Group, LLC, Ingersoll Rand, Stanley Black & Decker, Inc., Robert Bosch GmbH, fall under the winners’ category.
Which region is expected to hold the highest global DC torque tool market share?
Asia Pacific will dominate the global DC torque tool market in 2024.
What are the major drivers of the DC torque tool market?
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.
What are the major strategies adopted by DC torque tool companies?
The companies have adopted product launches, acquisitions, expansions, and contracts to strengthen their position in the market.
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The study involves four major activities that estimate the size of the DC torque tool market. Exhaustive secondary research was conducted to collect information related to the market. Following this was validating these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the DC torque tool market. Subsequently, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.
Secondary Research
Secondary sources in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data were collected and analyzed to estimate the overall market size, further validated by primary research. The relevant data is collected from various secondary sources, it is analyzed to extract insights and information relevant to the market research objectives. This analysis has involved summarizing the data, identifying trends, and drawing conclusions based on the available information.
Primary Research
In the primary research process, numerous sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information about this report. The primary sources from the supply side included various industry experts such as Chief X Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from DC torque tool providers, (such as Atlas Copco AB, Apex Tool Group, LLC, ESTIC CORPORATION) research organizations, distributors, professional and managed service providers, industry associations, and key opinion leaders. Approximately 25% of the primary interviews were conducted with the demand side and 75% with the supply side. These data were collected mainly through questionnaires, emails, and telephonic interviews, accounting for 80% of the primary interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the DC torque tool market and other dependent submarkets listed in this report.
- The key players in the industry and markets were identified through extensive secondary research.
- Both the supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Market Size Estimation Methodology Bottom-up Approach
Market Size Estimation Methodology Top-Down Approach
Data Triangulation
After estimating the overall market size, the total market was split into several segments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and gauge exact statistics for all segments. The data were triangulated by studying various factors and trends from both the demand and supply sides. The market was also validated using both top-down and bottom-up approaches.
Market Definition
DC torque tool, also known as an electric fastening system, is used to apply precise and specific torque to fasteners, such as nuts, bolts, and screws, that mechanically join two or more objects together. These tools operate either on continuous power supply or battery-operated supply. They are used where the tightening of fasteners is challenging. These systems create a non-permanent joint, which can be removed without any damage. These tools are widely used in industries where precision and reliability are critical. They are commonly utilized in automotive, aerospace, electronics, and manufacturing industries, where consistent torque application is vital to ensure the functionality and safety of the devices.
Key Stakeholders
- Power tool manufacturers
- Brushed DC motor and brushless DC (BLDC) motor suppliers
- Li-ion battery suppliers
- Torque sensors/torque transducer suppliers
- Wireless charging market players
- Analysts and strategic business planners
- End-user industries
- Governments, financial institutions, and investment communities
- Electronic component original equipment manufacturers (OEMs)
- Raw material suppliers
- Research organizations
- Technology investors and venture capitalists
- Technology-standard organizations, forums, alliances, and associations
The main objectives of this study are as follows:
- To define, describe, segment, and forecast the global DC torque tool market, by tool type, power source, control system, and industry, in terms of value
- To define and forecast the DC torque tool market, by handheld tool, in terms of volume
- To forecast the market size for various segments with regard to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their respective countries, in terms of value
- To provide detailed information regarding major factors influencing the growth of the DC torque tool market (drivers, restraints, opportunities, and challenges)
- To analyze the value chain of the electric fastening systems ecosystem
- To provide supply chain analysis, trends/disruptions impacting customer business, ecosystem analysis, pricing analysis, Porter’s five forces analysis, case study analysis, and regulatory standards pertaining to the DC torque tool market
- To strategically analyze the micromarkets1 with respect to the individual growth trends, prospects, and contribution to the overall DC torque tool market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the global DC Torque tools market
- To strategically profile key players and comprehensively analyze their ranking and core competencies2, along with detailing the competitive landscape for market leaders
- To analyze competitive developments, such as expansions, mergers & acquisitions, product launches and developments, and research & development activities, in the global DC torque tool market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Country-wise Information:
- Analysis for additional countries (up to five)
Company Information:
- Detailed analysis and profiling of different market players (up to five)
Growth opportunities and latent adjacency in DC Torque Tool Market