Report ID : 1352409 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Pneumatic Torque Wrench Market is categorized based on Type (Pneumatic Impact Wrenches, Pneumatic Ratchet Wrenches, Pneumatic Torque Multipliers, Pneumatic Screwdrivers) and End User (Automotive Industry, Construction Industry, Manufacturing Industry, Aerospace Industry, Oil & Gas Industry) and Distribution Channel (Online Sales, Offline Sales) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
With a valuation of $1.2 billion in 2023, the Pneumatic Torque Wrench Market is expected to reach $2.5 billion by 2033, growing at a CAGR of 7.5% from 2024 onwards. The report encompasses various segments and analyzes the trends and factors significantly impacting the market.
The world over, continuous refinement in assembly procedures has been integral to numerous industries, both in its functionality and productivity. This has led to the Pneumatic Torque Wrench Market emerging as an important segment in the industrial tools category. These tools are used widely across sectors like automobile, construction, etc., and are preferred for the consistent torque that they deliver with relatively low operator fatigue. The panorama of industries adopting pneumatic torque wrenches is anticipated to grow further owing to their reliability and speed as compared to manual counterparts.
In addition, the invention and incorporation of new technologies into the existing framework of pneumatic torque wrenches is changing the very face of this tool market. While a greater number of manufacturers continue to focus on making accurate tools, there lies an impending necessity to make these tools compatible with automation systems, especially for alleviating the burden of monotonous and time-consuming tasks. As the importance of safety regulations and quality control standards increases, the necessity of high-performance torque wrenches becomes evident in advanced industrial operations. As the market mature, stakeholders need to consider novel approaches related to emerging trends and competitive forces for taking advantage of possibilities in this sector.
ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2023-2033 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2033 |
HISTORICAL PERIOD | 2023-2024 |
UNIT | VALUE (USD BILLION) |
KEY COMPANIES PROFILED | Ingersoll Rand, Chicago Pneumatic, Atlas Copco, Makita, Apex Tool Group, Hilti, CP Techno, SATA, Desoutter Tools, Norbar Torque Tools, Snap-on Incorporated |
SEGMENTS COVERED |
By Type - Pneumatic Impact Wrenches, Pneumatic Ratchet Wrenches, Pneumatic Torque Multipliers, Pneumatic Screwdrivers By End User - Automotive Industry, Construction Industry, Manufacturing Industry, Aerospace Industry, Oil & Gas Industry By Distribution Channel - Online Sales, Offline Sales By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
The Pneumatic Torque Wrench Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
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