DC Torque Tool Market Size, Share and Growth Analysis

Report Code SE 5571
Published in Jun, 2024, By MarketsandMarkets™
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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

Overview

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.

Attractive Opportunities in the DC Torque Tool Market

Asia Pacific

Rapid industrialization and economic growth are expected to augment the demand for DC torque tools in Asia Pacific to support the assembly lines.

Surging demand for electric fastening tools for motor vehicles

The handheld tool segment to dominate the market throughout the forecast period

Contracts, acquisitions, agreements, product launches, expansions, and partnerships are expected to offer lucrative growth opportunities for the market players.

The automotive industry expected to account for the largest share of the market during the forecast period.

Global DC Torque Tool Market Dynamics

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.

Global DC Torque Tool Market Ecosystem Analysis

ECOSYSTEM ANALYSIS - Key companies offering DC torque tools are 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). The ecosystem comprises component suppliers, tool manufacturers, distributors &retailers, end users, and after-sales service providers. DC torque tool manufacturers design and develop innovative and advanced DC torque tools with certain specifications for various end users. Distributors distribute DC torque tools through online and offline distribution channels.

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.

Asia Pacific Region Holds the Largest Share of the DC Torque Tool Market.

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.

 

Recent Developments of DC Torque Tool Market industry

  • 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.

Key Market Players

KEY 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)

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Scope of the Report

Report Attribute Details
Estimated Market Size USD 3.6 billion
Expected Market Size USD 4.4 billion
Growth Rate CAGR of 3.7%
Years Considered 2020–2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD million/billion)
Segments Covered Tool Type, Power Source, Control System, Industry and Region
Regions covered North America, Asia Pacific, Europe, and Rest of the World
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 2

 

Key Questions Addressed by the Report

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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Table of Contents

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TITLE
PAGE NO
TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES 
    1.2 DC TORQUE TOOL MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
           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 (Page No. - 27)
    2.1 RESEARCH DATA 
           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 DC TORQUE TOOL 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)
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to arrive at market size using top-down analysis (supply side)
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
    2.4 RESEARCH ASSUMPTIONS 
    2.5 RISK ASSESSMENT 
    2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON DC TORQUE TOOL MARKET 
    2.7 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 38)
 
4 PREMIUM INSIGHTS (Page No. - 42)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARKET 
    4.2 TOOL MARKET, BY HANDHELD TOOL 
    4.3 TOOL MARKET, BY CONTROL SYSTEM 
    4.4 MARKET, BY INDUSTRY 
    4.5 DC TORQUE TOOL MARKET, BY COUNTRY 
 
5 MARKET OVERVIEW (Page No. - 45)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           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
                    5.2.1.4 Rapid infrastructure development and industrialization in emerging economies
           5.2.2 RESTRAINTS
                    5.2.2.1 High costs and safety risks associated with DC torque tools
           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
           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
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
    5.4 PRICING ANALYSIS 
           5.4.1 AVERAGE SELLING PRICE TREND, BY HANDHELD TOOL
           5.4.2 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY HANDHELD TOOL
           5.4.3 INDICATIVE PRICING TREND, BY REGION
    5.5 VALUE CHAIN ANALYSIS 
    5.6 ECOSYSTEM ANALYSIS 
    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 
    5.9 TRADE ANALYSIS 
           5.9.1 IMPORT SCENARIO (HS CODE 846729)
           5.9.2 EXPORT SCENARIO (HS CODE 846729)
    5.10 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
           5.12.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.3 STANDARDS
    5.13 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
           5.14.2 BUYING CRITERIA
 
6 DC TORQUE TOOL MARKET, BY TOOL TYPE (Page No. - 76)
    6.1 INTRODUCTION 
    6.2 HANDHELD TOOLS 
           6.2.1 ELECTRIC NUTRUNNERS
                    6.2.1.1 Accuracy and low energy consumption attributes to foster segmental growth
           6.2.2 ELECTRIC SCREWDRIVERS
                    6.2.2.1 Need for quality assurance services to meet regulatory requirements to augment segmental growth
           6.2.3 ELECTRIC TORQUE WRENCHES
                    6.2.3.1 Integration into automated assembly systems for manufacturing process optimization to drive market
           6.2.4 ELECTRIC IMPACT WRENCHES
                    6.2.4.1 Ease of use and operation to contribute to segmental growth
           6.2.5 OTHER HANDHELD TOOLS
    6.3 FIXTURED TOOLS 
           6.3.1 REQUIREMENT FOR ACCURATE TORQUE TOOLS IN AUTOMOTIVE ASSEMBLY LINES TO ACCELERATE SEGMENTAL GROWTH
 
7 DC TORQUE TOOL MARKET, BY POWER SOURCE (Page No. - 89)
    7.1 INTRODUCTION 
    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 (Page No. - 93)
    8.1 INTRODUCTION 
    8.2 TRANSDUCER CONTROL TOOLS 
           8.2.1 REQUIREMENT FOR PRECISE TORQUE CONTROL IN AUTOMOTIVE AND AEROSPACE MANUFACTURING TO FUEL SEGMENTAL GROWTH
    8.3 CURRENT CONTROL TOOLS 
           8.3.1 EASE OF USE AND LOW MAINTENANCE REQUIREMENTS TO AUGMENT SEGMENTAL GROWTH
 
9 DC TORQUE TOOL MARKET, BY INDUSTRY (Page No. - 98)
    9.1 INTRODUCTION 
    9.2 AUTOMOTIVE 
           9.2.1 GROWING EMPHASIS ON SMART MANUFACTURING AND AUTOMATION TO BOOST SEGMENTAL GROWTH
    9.3 AEROSPACE 
           9.3.1 INCREASING NEED TO COMPLY WITH STRINGENT SAFETY STANDARDS TO CONTRIBUTE TO SEGMENTAL GROWTH
    9.4 CONSUMER ELECTRONICS & APPLIANCES 
           9.4.1 RISING FOCUS ON PREVENTING MALFUNCTIONS AND FIRE HAZARDS TO FOSTER SEGMENTAL GROWTH
    9.5 ENERGY 
           9.5.1 GROWING COMPLEXITY OF POWER GENERATION TO FUEL SEGMENTAL GROWTH
    9.6 SHIPBUILDING 
           9.6.1 RAPID TECHNOLOGICAL INNOVATION AND DESIGN OPTIMIZATION TO ACCELERATE SEGMENTAL GROWTH
    9.7 OTHER INDUSTRIES 
 
10 DC TORQUE TOOL MARKET, BY REGION (Page No. - 116)
     10.1 INTRODUCTION 
     10.2 NORTH AMERICA 
             10.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
             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
             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 MARKET IN ASIA PACIFIC
             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 MARKET IN ROW
             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 (Page No. - 140)
     11.1 OVERVIEW 
     11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021−2024 
     11.3 REVENUE ANALYSIS, 2019–2023 
     11.4 MARKET SHARE ANALYSIS, 2023 
     11.5 COMPANY VALUATION AND FINANCIAL METRICS 
     11.6 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
             11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                        11.7.5.1 Company footprint
                        11.7.5.2 Tool type footprint
                        11.7.5.3 Power source footprint
                        11.7.5.4 Industry footprint
                        11.7.5.5 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
             11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                        11.8.5.1 Detailed list of key startups/SMEs
                        11.8.5.2 Competitive benchmarking of key startups/SMEs
     11.9 COMPETITIVE SCENARIO AND TRENDS 
             11.9.1 PRODUCT LAUNCHES
             11.9.2 OTHERS
 
12 COMPANY PROFILES (Page No. - 157)
     12.1 KEY PLAYERS 
             12.1.1 ATLAS COPCO AB
                        12.1.1.1 Business overview
                        12.1.1.2 Products/Solutions/Services offered
                        12.1.1.3 Recent developments
                                     12.1.1.3.1 Product launches
                        12.1.1.4 MnM view
                                     12.1.1.4.1 Key strengths/Right to win
                                     12.1.1.4.2 Strategic choices
                                     12.1.1.4.3 Weaknesses/Competitive threats
             12.1.2 APEX TOOL GROUP, LLC
                        12.1.2.1 Business overview
                        12.1.2.2 Products/Solutions/Services offered
                        12.1.2.3 MnM view
                                     12.1.2.3.1 Key strengths/Right to win
                                     12.1.2.3.2 Strategic choices
                                     12.1.2.3.3 Weaknesses/Competitive threats
             12.1.3 STANLEY BLACK & DECKER, INC.
                        12.1.3.1 Business overview
                        12.1.3.2 Products/Solutions/Services offered
                        12.1.3.3 Recent developments
                                     12.1.3.3.1 Product launches
                                     12.1.3.3.2 Others
                        12.1.3.4 MnM view
                                     12.1.3.4.1 Key strengths/Right to win
                                     12.1.3.4.2 Strategic choices
                                     12.1.3.4.3 Weaknesses/Competitive threats
             12.1.4 ROBERT BOSCH GMBH
                        12.1.4.1 Business overview
                        12.1.4.2 Products/Solutions/Services offered
                        12.1.4.3 MnM view
                                     12.1.4.3.1 Key strengths/Right to win
                                     12.1.4.3.2 Strategic choices
                                     12.1.4.3.3 Weaknesses/Competitive threats
             12.1.5 INGERSOLL RAND
                        12.1.5.1 Business overview
                        12.1.5.2 Products/Solutions/Services offered
                        12.1.5.3 MnM view
                                     12.1.5.3.1 Key strengths/Right to win
                                     12.1.5.3.2 Strategic choices
                                     12.1.5.3.3 Weaknesses/Competitive threats
             12.1.6 GEDORE WERKZEUGFABRIK GMBH & CO. KG
                        12.1.6.1 Business overview
                        12.1.6.2 Products/Solutions/Services offered
             12.1.7 HILTI CORPORATION
                        12.1.7.1 Business overview
                        12.1.7.2 Products/Solutions/Services offered
             12.1.8 MAKITA CORPORATION
                        12.1.8.1 Business overview
                        12.1.8.2 Products/Solutions/Services offered
             12.1.9 TECHTRONIC INDUSTRIES CO. LTD.
                        12.1.9.1 Business overview
                        12.1.9.2 Products/Solutions/Services offered
             12.1.10 URYU SEISAKU, LTD.
                        12.1.10.1 Business overview
                        12.1.10.2 Products/Solutions/Services offered
                        12.1.10.3 Recent developments
                                     12.1.10.3.1 Product launches
     12.2 OTHER PLAYERS 
             12.2.1 AIMCO
             12.2.2 ESTIC CORPORATION
             12.2.3 DELTA REGIS
             12.2.4 DESOUTTER INDUSTRIAL TOOLS
             12.2.5 FEIN POWER TOOLS, INC.
             12.2.6 KOKI HOLDINGS CO., LTD.
             12.2.7 KOLVER SRL.
             12.2.8 MINT GMBH
             12.2.9 NORBAR TORQUE TOOLS
             12.2.10 PANASONIC CORPORATION
             12.2.11 RHINO TOOL HOUSE
             12.2.12 SNAP-ON
             12.2.13 SUMAKE INDUSTRIAL CO., LTD.
             12.2.14 TOHNICHI MFG. CO., LTD.
             12.2.15 WEBER SCREWDRIVING SYSTEMS, INC.
 
13 ADJACENT MARKET (Page No. - 196)
     13.1 INTRODUCTION 
     13.2 INDUSTRIAL/PROFESSIONAL 
             13.2.1 CONSTRUCTION
                        13.2.1.1 Growing demand for impact drills and rotary hammers in construction projects to boost segmental growth
             13.2.2 AUTOMOTIVE
                        13.2.2.1 Ease of maintenance by speeding up repetitive processes to drive market
             13.2.3 AEROSPACE
                        13.2.3.1 Rising demand for fuel-efficient and quiet aircraft components to accelerate segmental growth
             13.2.4 ENERGY
                        13.2.4.1 Increasing number of wind projects in developing countries to fuel segmental growth
             13.2.5 SHIPBUILDING
                        13.2.5.1 Growing demand for screwdrivers, electric nutrunners, and impact wrenches to augment market growth
             13.2.6 OTHER INDUSTRIES
     13.3 RESIDENTIAL/DIY 
             13.3.1 RISING FOCUS ON REMODELING AND REFURBISHING EXISTING HOMES TO BOOST SEGMENTAL GROWTH
 
14 APPENDIX (Page No. - 211)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS 
     14.2 DISCUSSION GUIDE 
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.4 CUSTOMIZATION OPTIONS 
     14.5 RELATED REPORTS 
     14.6 AUTHOR DETAILS 
 
LIST OF TABLES (200 TABLES)
 
TABLE 1 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON DC TORQUE TOOL MARKET
TABLE 2 AVERAGE SELLING PRICE TREND OF DC TORQUE HANDHELD TOOLS OFFERED BY KEY PLAYERS (USD)
TABLE 3 INDICATIVE PRICING TREND OF HANDHELD TOOLS, BY REGION, 2021–2023 (USD)
TABLE 4 ROLE OF COMPANIES IN DC TORQUE TOOL ECOSYSTEM
TABLE 5 LIST OF PATENTS, 2021–2024
TABLE 6 LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 7 MFN TARIFF FOR HS CODE 846729-COMPLIANT PRODUCTS EXPORTED BY US, 2023
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
TABLE 12 STANDARDS RELATED TO DC TORQUE TOOLS
TABLE 13 PORTER’S FIVE FORCES ANALYSIS
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES (%)
TABLE 15 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
TABLE 16 MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 17 MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 18 HANDHELD TOOLS: TOOL MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 19 HANDHELD TOOLS: MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 20 HANDHELD TOOLS: MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)
TABLE 21 HANDHELD TOOLS: MARKET, BY TYPE, 2024–2029 (THOUSAND UNITS)
TABLE 22 HANDHELD TOOLS: MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 23 HANDHELD TOOLS: MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 24 HANDHELD TOOLS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 25 HANDHELD TOOLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 26 ELECTRIC NUTRUNNERS: MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 27 ELECTRIC NUTRUNNERS: MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 28 ELECTRIC SCREWDRIVERS: MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 29 ELECTRIC SCREWDRIVERS: MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 30 ELECTRIC TORQUE WRENCHES: MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 31 ELECTRIC TORQUE WRENCHES: MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 32 ELECTRIC IMPACT WRENCHES: MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 33 ELECTRIC IMPACT WRENCHES: MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 34 OTHER HANDHELD TOOLS: ARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 35 OTHER HANDHELD TOOLS: MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 36 FIXTURED TOOLS: MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 37 FIXTURED TOOLS: MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 38 FIXTURED TOOLS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 39 FIXTURED TOOLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 40 DC TORQUE TOOL MARKET, BY POWER SOURCE, 2020–2023 (USD MILLION)
TABLE 41 MARKET, BY POWER SOURCE, 2024–2029 (USD MILLION)
TABLE 42 MARKET, BY CONTROL SYSTEM, 2020–2023 (USD MILLION)
TABLE 43 MARKET, BY CONTROL SYSTEM, 2024–2029 (USD MILLION)
TABLE 44 TRANSDUCER CONTROL TOOLS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 45 TRANSDUCER CONTROL TOOLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 46 CURRENT CONTROL TOOLS: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 47 CURRENT CONTROL TOOLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 48 TOOL MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 49 MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 50 AUTOMOTIVE: MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 51 AUTOMOTIVE: MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 52 AUTOMOTIVE: MARKET FOR HANDHELD TOOLS, BY TYPE, 2020–2023 (USD MILLION)
TABLE 53 AUTOMOTIVE: MARKET FOR HANDHELD TOOLS, BY TYPE, 2024–2029 (USD MILLION)
TABLE 54 AUTOMOTIVE: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 55 AUTOMOTIVE: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 56 AEROSPACE: MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 57 AEROSPACE: MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 58 AEROSPACE: MARKET FOR HANDHELD TOOLS, BY TYPE, 2020–2023 (USD MILLION)
TABLE 59 AEROSPACE: MARKET FOR HANDHELD TOOLS, BY TYPE, 2024–2029 (USD MILLION)
TABLE 60 AEROSPACE: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 61 AEROSPACE: DC TORQUE TOOL MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 62 CONSUMER ELECTRONICS & APPLIANCES: MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 63 CONSUMER ELECTRONICS & APPLIANCES: MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 64 CONSUMER ELECTRONICS & APPLIANCES: MARKET FOR HANDHELD TOOLS, BY TYPE, 2020–2023 (USD MILLION)
TABLE 65 CONSUMER ELECTRONICS & APPLIANCES: MARKET FOR HANDHELD TOOLS, BY TYPE, 2024–2029 (USD MILLION)
TABLE 66 CONSUMER ELECTRONICS & APPLIANCES: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 67 CONSUMER ELECTRONICS & APPLIANCES: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 68 ENERGY: MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 69 ENERGY: MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 70 ENERGY: MARKET FOR HANDHELD TOOLS, BY TYPE, 2020–2023 (USD MILLION)
TABLE 71 ENERGY: MARKET FOR HANDHELD TOOLS, BY TYPE, 2024–2029 (USD MILLION)
TABLE 72 ENERGY: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 73 ENERGY: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 74 SHIPBUILDING: MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 75 SHIPBUILDING: MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 76 SHIPBUILDING: MARKET FOR HANDHELD TOOLS, BY TYPE, 2020–2023 (USD MILLION)
TABLE 77 SHIPBUILDING: MARKET FOR HANDHELD TOOLS, BY TYPE, 2024–2029 (USD MILLION)
TABLE 78 SHIPBUILDING: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 79 SHIPBUILDING: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 80 OTHER INDUSTRIES: MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 81 OTHER INDUSTRIES: MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 82 OTHER INDUSTRIES: MARKET FOR HANDHELD TOOLS, BY TYPE, 2020–2023 (USD MILLION)
TABLE 83 OTHER INDUSTRIES: MARKET FOR HANDHELD TOOLS, BY TYPE, 2024–2029 (USD MILLION)
TABLE 84 OTHER INDUSTRIES: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 85 OTHER INDUSTRIES: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 86 DC TORQUE TOOL MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 87 MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 88 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 89 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 90 NORTH AMERICA: MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 91 NORTH AMERICA: MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 92 NORTH AMERICA: MARKET, BY CONTROL SYSTEM, 2020–2023 (USD MILLION)
TABLE 93 NORTH AMERICA: MARKET, BY CONTROL SYSTEM, 2024–2029 (USD MILLION)
TABLE 94 NORTH AMERICA: MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 95 NORTH AMERICA: MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 96 EUROPE: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 97 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 98 EUROPE: MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 99 EUROPE: 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: MARKET, BY CONTROL SYSTEM, 2024–2029 (USD MILLION)
TABLE 102 EUROPE: MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 103 EUROPE: MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 104 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 105 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 106 ASIA PACIFIC: MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 107 ASIA PACIFIC: MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 108 ASIA PACIFIC: MARKET, BY CONTROL SYSTEM, 2020–2023 (USD MILLION)
TABLE 109 ASIA PACIFIC: MARKET, BY CONTROL SYSTEM, 2024–2029 (USD MILLION)
TABLE 110 ASIA PACIFIC: MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 111 ASIA PACIFIC: MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 112 ROW: MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 113 ROW: MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 114 ROW: MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 115 ROW: MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 116 ROW: MARKET, BY CONTROL SYSTEM, 2020–2023 (USD MILLION)
TABLE 117 ROW: MARKET, BY CONTROL SYSTEM, 2024–2029 (USD MILLION)
TABLE 118 ROW: MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 119 ROW: MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
TABLE 120 DC TORQUE TOOL MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024
TABLE 121 MARKET: MARKET SHARE ANALYSIS, 2023
TABLE 122 MARKET: TOOL TYPE FOOTPRINT
TABLE 123 MARKET: POWER SOURCE FOOTPRINT
TABLE 124 MARKET: INDUSTRY FOOTPRINT
TABLE 125 MARKET: REGION FOOTPRINT
TABLE 126 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 127 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 128 MARKET: PRODUCT LAUNCHES, JANUARY 2021–MARCH 2024
TABLE 129 DC TORQUE TOOL MARKET: DEALS, JANUARY 2021–MARCH 2024
TABLE 130 ATLAS COPCO AB: COMPANY OVERVIEW
TABLE 131 ATLAS COPCO AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 132 ATLAS COPCO AB: PRODUCT LAUNCHES
TABLE 133 APEX TOOL GROUP, LLC: COMPANY OVERVIEW
TABLE 134 APEX TOOL GROUP, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 135 STANLEY BLACK & DECKER, INC.: COMPANY OVERVIEW
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
TABLE 139 ROBERT BOSCH GMBH: COMPANY OVERVIEW
TABLE 140 ROBERT BOSCH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 141 INGERSOLL RAND: COMPANY OVERVIEW
TABLE 142 INGERSOLL RAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 143 GEDORE WERKZEUGFABRIK GMBH & CO. KG.: COMPANY OVERVIEW
TABLE 144 GEDORE WERKZEUGFABRIK GMBH & CO. KG.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 145 HILTI CORPORATION: COMPANY OVERVIEW
TABLE 146 HILTI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 147 MAKITA CORPORATION: COMPANY OVERVIEW
TABLE 148 MAKITA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 149 TECHTONIC INDUSTRIES CO. LTD.: COMPANY OVERVIEW
TABLE 150 TECHTONIC INDUSTRIES CO. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 151 URYU SEISAKU, LTD.: COMPANY OVERVIEW
TABLE 152 URYU SEISAKU, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 153 URYU SEISAKU, LTD.: PRODUCT LAUNCHES
TABLE 154 AIMCO: COMPANY OVERVIEW
TABLE 155 ESTIC CORPORATION: COMPANY OVERVIEW
TABLE 156 DELTA REGIS: COMPANY OVERVIEW
TABLE 157 DESOUTTER INDUSTRIAL TOOLS: COMPANY OVERVIEW
TABLE 158 FEIN POWER TOOLS, INC.: COMPANY OVERVIEW
TABLE 159 KOKI HOLDINGS CO., LTD.: COMPANY OVERVIEW
TABLE 160 KOLVER SRL: COMPANY OVERVIEW
TABLE 161 MINT GMBH: COMPANY OVERVIEW
TABLE 162 NORBAR TORQUE TOOLS: COMPANY OVERVIEW
TABLE 163 PANASONIC CORPORATION: COMPANY OVERVIEW
TABLE 164 RHINO TOOL HOUSE: COMPANY OVERVIEW
TABLE 165 SNAP-ON: COMPANY OVERVIEW
TABLE 166 SUMAKE INDUSTRIAL CO., LTD.: COMPANY OVERVIEW
TABLE 167 TOHNICHI MFG. CO., LTD.: COMPANY OVERVIEW
TABLE 168 WEBER SCREWDRIVING SYSTEMS, INC.: COMPANY OVERVIEW
TABLE 169 POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 170 POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
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)
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)
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)
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)
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)
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)
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)
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)
 
 
LIST OF FIGURES (71 FIGURES)
 
FIGURE 1 DC TORQUE TOOL MARKET SEGMENTATION
FIGURE 2 MARKET: RESEARCH DESIGN
FIGURE 3 MARKET: BOTTOM-UP APPROACH
FIGURE 4 MARKET: TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY
FIGURE 6 MARKET: DATA TRIANGULATION
FIGURE 7 MARKET: RESEARCH ASSUMPTIONS
FIGURE 8 MARKET: RISK ASSESSMENT
FIGURE 9 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 MARKET FROM 2024 TO 2029
FIGURE 15 RAPID INDUSTRIALIZATION AND ECONOMIC GROWTH TO CREATE LUCRATIVE OPPORTUNITIES FOR PLAYERS IN MARKET
FIGURE 16 ELECTRIC TORQUE WRENCHES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024
FIGURE 17 TRANSDUCER CONTROL TOOLS HELD LARGER SHARE OF MARKET IN 2023
FIGURE 18 AUTOMOTIVE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 19 INDIA TO WITNESS HIGHEST CAGR IN GLOBAL MARKET FROM 2024 TO 2029
FIGURE 20 DC TORQUE TOOL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 21 MOTOR VEHICLE SALES, 2019–2023 (MILLION UNITS)
FIGURE 22 IMPACT ANALYSIS: DRIVERS
FIGURE 23 IMPACT ANALYSIS: RESTRAINTS
FIGURE 24 GLOBAL WIND POWER INSTALLATION CAPACITY, 2016–2022 (GW)
FIGURE 25 IMPACT ANALYSIS: OPPORTUNITIES
FIGURE 26 IMPACT ANALYSIS: CHALLENGES
FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 28 AVERAGE SELLING PRICE TREND, BY HANDHELD TOOL, 2020−2023 (USD)
FIGURE 29 AVERAGE SELLING PRICE TREND OF DC TORQUE HANDHELD TOOLS OFFERED BY KEY PLAYERS (USD)
FIGURE 30 INDICATIVE PRICING TREND OF HANDHELD TOOLS, BY REGION, 2021–2023 (USD)
FIGURE 31 VALUE CHAIN ANALYSIS
FIGURE 32 ECOSYSTEM ANALYSIS
FIGURE 33 PATENTS APPLIED AND GRANTED, 2014–2023
FIGURE 34 IMPORT DATA FOR HS CODE 846729-COMPLIANT PRODUCTS, BY COUNTRY, 2019−2023 (USD MILLION)
FIGURE 35 EXPORT DATA FOR HS CODE 846729-COMPLIANT PRODUCTS, BY COUNTRY, 2019−2023 (USD MILLION)
FIGURE 36 PORTER’S FIVE FORCES ANALYSIS
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES
FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
FIGURE 39 MARKET, BY TOOL TYPE
FIGURE 40 HANDHELD TOOLS SEGMENT TO WITNESS HIGHER CAGR FROM 2024 TO 2029
FIGURE 41 MARKET, BY POWER SOURCE
FIGURE 42 CORDLESS SEGMENT TO EXHIBIT HIGHER CAGR BETWEEN 2024 AND 2029
FIGURE 43 MARKET, BY CONTROL SYSTEM
FIGURE 44 TRANSDUCER CONTROL TOOLS SEGMENT TO REGISTER HIGHER CAGR FROM 2024 TO 2029
FIGURE 45 MARKET, BY INDUSTRY
FIGURE 46 AUTOMOTIVE INDUSTRY TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 47 GLOBAL PASSENGER VEHICLE SALES, 2019–2023 (MILLION UNITS)
FIGURE 48 GLOBAL COMMERCIAL VEHICLE SALES, 2019–2023 (MILLION UNITS)
FIGURE 49 INDIA TO REGISTER HIGHEST CAGR IN GLOBAL DC TORQUE MARKET DURING FORECAST PERIOD
FIGURE 50 ASIA PACIFIC TO DOMINATE GLOBAL MARKET FROM 2024 TO 2029
FIGURE 51 NORTH AMERICA: MARKET SNAPSHOT
FIGURE 52 EUROPE: MARKET SNAPSHOT
FIGURE 53 ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 54 MARKET: REVENUE ANALYSIS OF FOUR KEY PLAYERS, 2019–2023
FIGURE 55 MARKET: MARKET SHARE ANALYSIS, 2023
FIGURE 56 COMPANY VALUATION (USD BILLION)
FIGURE 57 FINANCIAL METRICS (EV/EBITDA)
FIGURE 58 BRAND/PRODUCT COMPARISON
FIGURE 59 MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
FIGURE 60 ARKET: COMPANY FOOTPRINT
FIGURE 61 MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
FIGURE 62 ATLAS COPCO AB: COMPANY SNAPSHOT
FIGURE 63 STANLEY BLACK & DECKER, INC.: COMPANY SNAPSHOT
FIGURE 64 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
FIGURE 65 INGERSOLL RAND: COMPANY SNAPSHOT
FIGURE 66 HILTI CORPORATION: COMPANY SNAPSHOT
FIGURE 67 MAKITA CORPORATION: COMPANY SNAPSHOT
FIGURE 68 TECHTONIC INDUSTRIES CO. LTD.: COMPANY SNAPSHOT
FIGURE 69 POWER TOOLS MARKET, BY APPLICATION
FIGURE 70 RESIDENTIAL/DIY SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
FIGURE 71 CONSTRUCTION SEGMENT TO DOMINATE MARKET FOR INDUSTRIAL/PROFESSIONAL APPLICATIONS FROM 2024 TO 2029
 

 

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.

DC Torque Tool Market Size, and Share

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

DC Torque Tool Market Size, and Bottom-up Approach

Market Size Estimation Methodology Top-Down Approach

DC Torque Tool Market Size, and 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)

Previous Versions of this Report

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 - Global Forecast to 2029

Report Code SE 5571
Published in Sep, 2017, By MarketsandMarkets™
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