Global Torque Wrench Market: Trends, Growth Drivers, and Future Outlook
Torque Wrench Market: A thorough analysis of statistics about the current as well as emerging trends offers clarity regarding the Torque Wrench market dynamics. The report includes Porter's Five Forces to analyze the prominence of various features such as the understanding of both suppliers and customers, risks posed by various agents, the strength of competition, and promising emerging businesspersons to understand a valuable resource. Also, the report spans the Torque Wrench research data of various companies, benefits, gross margin, strategic decisions of the worldwide market, and more through tables, charts, and infographics.
Competitive Landscape:
Competitive analysis is the study of the strengths and weaknesses, market investment, market share, market sales volume, and market trends of major players in the market. The Torque Wrench market study focused on including all the primary-level, secondary-level, and tertiary-level competitors in the report. The data was generated by conducting primary and secondary research. The report covers a detailed analysis of drivers, constraints, and scope for new players entering the Torque Wrench market.
Torque Wrench Market Report Scope
| Report Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2016 |
| Forecast Period | 2025 - 2028 |
| Companies Covered | Snap-on (CDI), Norbar, Proto, TONE, Tohnichi, Enerpac, TEKTON, FACOM, SATA Tools, Armstrong, Precision Instruments, Craftsman, Powermaster, Hytorc, Plarad, Mountz, K-Tool, Primo Tools, Park Tool, Jinan Hanpu, Other Major Players |
| Segments Covered | Automotive, EngineeringandConstruction, ShippingandAerospace, Others |
| Types Covered | Manual Torque Wrench, Pneumatic Torque Wrench, Electronic Torque Wrench |
| Geographies Scope | North America (United States, Canada and Mexico), Europe (Germany, UK, France, Italy, Russia and Spain etc.), Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.), South America (Brazil, Argentina and Colombia etc.), Middle East & Africa (South Africa, UAE and Saudi Arabia etc.) |
| Customization Scope | *Free report customization with additional or alteration to country, regional or segment scope. |
Top Key Players Covered in Torque Wrench Market are:
The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the Torque Wrench market include:
- Snap-on (CDI)
- Norbar
- Proto
- TONE
- Tohnichi
- Enerpac
- TEKTON
- FACOM
- SATA Tools
- Armstrong
- Precision Instruments
- Craftsman
- Powermaster
- Hytorc
- Plarad
- Mountz
- K-Tool
- Primo Tools
- Park Tool
- Jinan Hanpu
- Other Major Players
Market Segmentation & Coverage
This research report categorizes the Torque Wrench market to forecast revenues and analyze trends in each of the following sub-markets:
By the product type, the market is primarily split into:
- Manual Torque Wrench
- Pneumatic Torque Wrench
- Electronic Torque Wrench
By the application, this report covers the following segments:
- Automotive
- EngineeringandConstruction
- ShippingandAerospace
- Others
Considering the Geographical Landscape of the Torque Wrench market:
The Torque Wrench Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities.
➤ North America (United States, Canada, and Mexico)
➤ Europe (UK, Germany, France, Russia, and Italy)
➤ Asia-Pacific (China, Korea, Japan, India, and Southeast Asia)
➤ South America (Brazil, Colombia, Argentina, etc.)
➤ The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)
The report studies the Torque Wrench market by evaluating the market chain, prevalent policies, cost structures, and contribution to the industry. The regional markets for the Torque Wrench market are examined by analyzing the pricing of products in the region compared to the profit generated. The production capacity, demand and supply, and the historical performance of the market in the given region are also evaluated in this market report.
𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲
The report has its roots definitely set in thorough strategies provided by proficient data analysts. The research methodology involves the collection of information by analysts only to have it studied and filtered thoroughly in an attempt to provide significant predictions about the market over the review period. The research process further includes interviews with leading market influencers, which makes the primary research relevant and practical. The secondary method gives a direct peek into the demand-supply connection. The market methodologies adopted in the report offer precise data analysis and provide a tour of the entire market. Both primary and secondary approaches to data collection have been used. In addition to these, publicly available sources such as annual reports, and white papers have been used by data analysts for an insightful understanding of the market.
Key Highlights of the Report:
➤ Define, describe, and forecast Torque Wrench by type, application, end-user, and region.
➤ Provide enterprise external and internal environment analysis and PEST analysis.
➤ Strategies for the company to deal with the impact of COVID-19.
➤ Provide market dynamic analysis, including market driving factors, and market development constraints.
➤ Provide market entry strategy analysis for top players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
➤ Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
➤ Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive dashboard.
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Torque Wrench Market by Type
5.1 Torque Wrench Market Overview Snapshot and Growth Engine
5.2 Torque Wrench Market Overview
5.3 Manual Torque Wrench
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Manual Torque Wrench: Geographic Segmentation
5.4 Pneumatic Torque Wrench
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Pneumatic Torque Wrench: Geographic Segmentation
5.5 Electronic Torque Wrench
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Electronic Torque Wrench: Geographic Segmentation
Chapter 6: Torque Wrench Market by Application
6.1 Torque Wrench Market Overview Snapshot and Growth Engine
6.2 Torque Wrench Market Overview
6.3 Automotive
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Automotive: Geographic Segmentation
6.4 Engineering and Construction
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Engineering and Construction: Geographic Segmentation
6.5 Shipping and Aerospace
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Shipping and Aerospace: Geographic Segmentation
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Geographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Torque Wrench Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Torque Wrench Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Torque Wrench Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 SNAP-ON (CDI)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 NORBAR
7.4 PROTO
7.5 TONE
7.6 TOHNICHI
7.7 ENERPAC
7.8 TEKTON
7.9 FACOM
7.10 SATA TOOLS
7.11 ARMSTRONG
7.12 PRECISION INSTRUMENTS
7.13 CRAFTSMAN
7.14 POWERMASTER
7.15 HYTORC
7.16 PLARAD
7.17 MOUNTZ
7.18 K-TOOL
7.19 PRIMO TOOLS
7.20 PARK TOOL
7.21 JINAN HANPU
7.22 OTHER MAJOR PLAYERS
Chapter 8: Global Torque Wrench Market Analysis, Insights and Forecast, 2016-2028
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Type
8.2.1 Manual Torque Wrench
8.2.2 Pneumatic Torque Wrench
8.2.3 Electronic Torque Wrench
8.3 Historic and Forecasted Market Size By Application
8.3.1 Automotive
8.3.2 Engineering and Construction
8.3.3 Shipping and Aerospace
8.3.4 Others
Chapter 9: North America Torque Wrench Market Analysis, Insights and Forecast, 2016-2028
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Type
9.4.1 Manual Torque Wrench
9.4.2 Pneumatic Torque Wrench
9.4.3 Electronic Torque Wrench
9.5 Historic and Forecasted Market Size By Application
9.5.1 Automotive
9.5.2 Engineering and Construction
9.5.3 Shipping and Aerospace
9.5.4 Others
9.6 Historic and Forecast Market Size by Country
9.6.1 U.S.
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Europe Torque Wrench Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Manual Torque Wrench
10.4.2 Pneumatic Torque Wrench
10.4.3 Electronic Torque Wrench
10.5 Historic and Forecasted Market Size By Application
10.5.1 Automotive
10.5.2 Engineering and Construction
10.5.3 Shipping and Aerospace
10.5.4 Others
10.6 Historic and Forecast Market Size by Country
10.6.1 Germany
10.6.2 U.K.
10.6.3 France
10.6.4 Italy
10.6.5 Russia
10.6.6 Spain
10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Torque Wrench Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Manual Torque Wrench
11.4.2 Pneumatic Torque Wrench
11.4.3 Electronic Torque Wrench
11.5 Historic and Forecasted Market Size By Application
11.5.1 Automotive
11.5.2 Engineering and Construction
11.5.3 Shipping and Aerospace
11.5.4 Others
11.6 Historic and Forecast Market Size by Country
11.6.1 China
11.6.2 India
11.6.3 Japan
11.6.4 Singapore
11.6.5 Australia
11.6.6 New Zealand
11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Torque Wrench Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Manual Torque Wrench
12.4.2 Pneumatic Torque Wrench
12.4.3 Electronic Torque Wrench
12.5 Historic and Forecasted Market Size By Application
12.5.1 Automotive
12.5.2 Engineering and Construction
12.5.3 Shipping and Aerospace
12.5.4 Others
12.6 Historic and Forecast Market Size by Country
12.6.1 Turkey
12.6.2 Saudi Arabia
12.6.3 Iran
12.6.4 UAE
12.6.5 Africa
12.6.6 Rest of MEA
Chapter 13: South America Torque Wrench Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Manual Torque Wrench
13.4.2 Pneumatic Torque Wrench
13.4.3 Electronic Torque Wrench
13.5 Historic and Forecasted Market Size By Application
13.5.1 Automotive
13.5.2 Engineering and Construction
13.5.3 Shipping and Aerospace
13.5.4 Others
13.6 Historic and Forecast Market Size by Country
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
| Historical Data (2015-2019) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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