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
The DC torque tool market is expected to reach USD 4.4 billion by 2029 from USD 3.6 billion in 2024, at a CAGR of 3.7% from 2024-2029. Rising automation and data exchange in manufacturing sector, Growing emphasis on precise torque measurements to meet stringent aviation standards, Surging demand for electric fastening tools for motor vehicles, Rapid infrastructure development and industrialization in emerging economies.
Scope of the Report
Years Considered for the Study
2020-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
By Handheld Tool, Fixtured Tool, Power Source, Control System, Industry and Region
Regions covered
North America, Europe, APAC, RoW
"Electric torque wrenches segment is to hold the largest market share of DC torque tool market in 2023."
Many handheld electric torque wrenches come with advanced features such as programmable torque settings, data logging, and wireless connectivity, aligning with modern manufacturing needs. These tools offer real-time monitoring and feedback, which enhances quality control and traceability. The flexibility, ease of use, precision, technological integration, efficiency, and alignment with industry trends towards automation and quality control. Furthermore, their ergonomic design, safety features, and versatility in a variety of applications help to fuel their growing appeal in modern manufacturing and assembly operations.
"Automotive Industry is to hold the largest market share of DC torque tool market in 2023 "
Automotive dominates the DC torque tool market, with the greatest market share, owing to a growth in motor vehicle production and sales in 2023. The largest market for DC torque tools is the automotive industry, which requires high precision, efficiency, and adherence to strict quality requirements in assembly operations. The industry's concentration on automation, the rise of electric vehicles, and high production numbers all help to drive demand for these devices. Furthermore, the use of DC torque tools in maintenance and aftermarket services ensures their widespread adoption within the automotive sector.
"The US in holds the largest market share of DC torque tool market in 2023."
North America comprises the US, Canada, and Mexico. The US is the leading country in North America, accounting for the largest market share. In the US, rapid adoption of technologies and product development are estimated to play a significant role in market growth. As a global innovation leader, particularly in precise engineering and manufacturing, the US is constantly improving DC torque tools' accuracy, efficiency, and integration capabilities. Automotive, aerospace, electronics, and equipment industries rely significantly on these tools for assembly, maintenance, and quality control, owing to high requirements and an emphasis on efficiency.
The growth of the market in US is also attributed to presence of prominent market players such as Stanley Black & Decker, Inc. (US), Apex Tool Group, LLC (US), and Ingersoll Rand (US).
The break-up of the profiles of primary participants:
By Company Type - Tier 1 - 30%, Tier 2 - 35%, and Tier 3 - 35%
By Designation - C-level Executives - 55%, Directors - 30%, and Others - 15%
By Region - North America - 35%, Europe - 20%, Asia Pacific - 35%, and Rest of the World - 10%
Major players in the DC torque tool market include Atlas Copco AB (Sweden); Apex Tool Group, LLC (US); Ingersoll Rand (US); Stanley Black & Decker, Inc. (US); Robert Bosch GmbH (Germany), and others.
Research Coverage
The report segments the DC torque tool market by Tool Type, Power Source, Control System, Industry and Region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall DC torque tool market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Analysis of critical drivers (Rising automation and data exchange in manufacturing sector, Growing emphasis on precise torque measurements to meet stringent aviation standards, Surging demand for electric fastening tools for motor vehicles, Rapid infrastructure development and industrialization in emerging economies.), restraints (High costs and safety risks associated with DC torque tools), opportunities (Increasing demand for smart and connected DC torque tools, Growing preference for renewable energy), challenges (Overheating and duty cycle constraints in high-torque operations, Staying compliant with existing trade policies and safety regulations) influencing the growth of the DC torque tool market.
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the DC torque tool market.
Market Development: Comprehensive information about lucrative markets - the report analyses the DC torque tool market across various regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the DC torque tool market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like include Atlas Copco AB (Sweden), Apex Tool Group, LLC (US), Ingersoll Rand (US), Stanley Black & Decker, Inc. (US), Robert Bosch GmbH (Germany), and others.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 DC TORQUE TOOL MARKET SEGMENTATION
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 DC TORQUE TOOL MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 List of primary interview participants
2.1.2.3 Key data from primary sources
2.1.2.4 Key industry insights
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION METHODOLOGY
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
FIGURE 3 DC TORQUE TOOL MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size using top-down analysis (supply side)
FIGURE 4 DC TORQUE TOOL MARKET: TOP-DOWN APPROACH
FIGURE 5 DC TORQUE TOOL MARKET SIZE ESTIMATION METHODOLOGY
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DC TORQUE TOOL MARKET: DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 7 DC TORQUE TOOL MARKET: RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENT
FIGURE 8 DC TORQUE TOOL MARKET: RISK ASSESSMENT
2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON DC TORQUE TOOL MARKET
TABLE 1 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON DC TORQUE TOOL MARKET
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 9 DC TORQUE TOOL MARKET SIZE, 2020-2029 (USD MILLION)
FIGURE 10 HANDHELD TOOLS TO ACCOUNT FOR LARGER MARKET SHARE IN 2029
FIGURE 11 CORDED SEGMENT HELD LARGER MARKET SHARE IN 2023
FIGURE 12 TRANSDUCER CONTROL TOOLS TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 13 AUTOMOTIVE SEGMENT TO RECORD HIGHEST CAGR BETWEEN 2024 AND 2029
FIGURE 14 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN GLOBAL DC TORQUE TOOL MARKET FROM 2024 TO 2029
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN DC TORQUE TOOL MARKET
FIGURE 15 RAPID INDUSTRIALIZATION AND ECONOMIC GROWTH TO CREATE LUCRATIVE OPPORTUNITIES FOR PLAYERS IN DC TORQUE TOOL MARKET
4.2 DC TORQUE TOOL MARKET, BY HANDHELD TOOL
FIGURE 16 ELECTRIC TORQUE WRENCHES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024
4.3 DC TORQUE TOOL MARKET, BY CONTROL SYSTEM
FIGURE 17 TRANSDUCER CONTROL TOOLS HELD LARGER SHARE OF DC TORQUE TOOL MARKET IN 2023
4.4 DC TORQUE TOOL MARKET, BY INDUSTRY
FIGURE 18 AUTOMOTIVE SEGMENT TO DOMINATE DC TORQUE TOOL MARKET DURING FORECAST PERIOD
4.5 DC TORQUE TOOL MARKET, BY COUNTRY
FIGURE 19 INDIA TO WITNESS HIGHEST CAGR IN GLOBAL DC TORQUE TOOL MARKET FROM 2024 TO 2029
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 DC TORQUE TOOL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising automation and data exchange in manufacturing sector
5.2.1.2 Growing emphasis on precise torque measurements to meet stringent aviation standards
5.2.1.3 Surging demand for electric fastening tools for motor vehicles
FIGURE 21 MOTOR VEHICLE SALES, 2019-2023 (MILLION UNITS)
5.2.1.4 Rapid infrastructure development and industrialization in emerging economies
FIGURE 22 IMPACT ANALYSIS: DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High costs and safety risks associated with DC torque tools
FIGURE 23 IMPACT ANALYSIS: RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand for smart and connected DC torque tools
5.2.3.2 Growing preference for renewable energy
FIGURE 24 GLOBAL WIND POWER INSTALLATION CAPACITY, 2016-2022 (GW)
FIGURE 25 IMPACT ANALYSIS: OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Overheating and duty cycle constraints in high-torque operations
5.2.4.2 Staying complaint with existing trade policies and safety regulations
TABLE 157 DESOUTTER INDUSTRIAL TOOLS: COMPANY OVERVIEW
12.2.5 FEIN POWER TOOLS, INC.
TABLE 158 FEIN POWER TOOLS, INC.: COMPANY OVERVIEW
12.2.6 KOKI HOLDINGS CO., LTD.
TABLE 159 KOKI HOLDINGS CO., LTD.: COMPANY OVERVIEW
12.2.7 KOLVER SRL.
TABLE 160 KOLVER SRL: COMPANY OVERVIEW
12.2.8 MINT GMBH
TABLE 161 MINT GMBH: COMPANY OVERVIEW
12.2.9 NORBAR TORQUE TOOLS
TABLE 162 NORBAR TORQUE TOOLS: COMPANY OVERVIEW
12.2.10 PANASONIC CORPORATION
TABLE 163 PANASONIC CORPORATION: COMPANY OVERVIEW
12.2.11 RHINO TOOL HOUSE
TABLE 164 RHINO TOOL HOUSE: COMPANY OVERVIEW
12.2.12 SNAP-ON
TABLE 165 SNAP-ON: COMPANY OVERVIEW
12.2.13 SUMAKE INDUSTRIAL CO., LTD.
TABLE 166 SUMAKE INDUSTRIAL CO., LTD.: COMPANY OVERVIEW
12.2.14 TOHNICHI MFG. CO., LTD.
TABLE 167 TOHNICHI MFG. CO., LTD.: COMPANY OVERVIEW
12.2.15 WEBER SCREWDRIVING SYSTEMS, INC.
TABLE 168 WEBER SCREWDRIVING SYSTEMS, INC.: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 ADJACENT MARKET
13.1 INTRODUCTION
FIGURE 69 POWER TOOLS MARKET, BY APPLICATION
FIGURE 70 RESIDENTIAL/DIY SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
TABLE 169 POWER TOOLS MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
TABLE 170 POWER TOOLS MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
13.2 INDUSTRIAL/PROFESSIONAL
FIGURE 71 CONSTRUCTION SEGMENT TO DOMINATE MARKET FOR INDUSTRIAL/PROFESSIONAL APPLICATIONS FROM 2024 TO 2029
TABLE 171 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY TYPE, 2020-2023 (USD MILLION)
TABLE 172 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY TYPE, 2024-2029 (USD MILLION)
TABLE 173 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY REGION, 2020-2023 (USD MILLION)
TABLE 174 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY REGION, 2024-2029 (USD MILLION)
13.2.1 CONSTRUCTION
13.2.1.1 Growing demand for impact drills and rotary hammers in construction projects to boost segmental growth
TABLE 175 CONSTRUCTION: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020-2023 (USD MILLION)
TABLE 176 CONSTRUCTION: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024-2029 (USD MILLION)
TABLE 177 CONSTRUCTION: POWER TOOLS MARKET, BY REGION, 2020-2023 (USD MILLION)
TABLE 178 CONSTRUCTION: POWER TOOLS MARKET, BY REGION, 2024-2029 (USD MILLION)
13.2.2 AUTOMOTIVE
13.2.2.1 Ease of maintenance by speeding up repetitive processes to drive market
TABLE 179 AUTOMOTIVE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020-2023 (USD MILLION)
TABLE 180 AUTOMOTIVE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024-2029 (USD MILLION)
TABLE 181 AUTOMOTIVE: POWER TOOLS MARKET, BY REGION, 2020-2023 (USD MILLION)
TABLE 182 AUTOMOTIVE: POWER TOOLS MARKET, BY REGION, 2024-2029 (USD MILLION)
13.2.3 AEROSPACE
13.2.3.1 Rising demand for fuel-efficient and quiet aircraft components to accelerate segmental growth
TABLE 183 AEROSPACE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020-2023 (USD MILLION)
TABLE 184 AEROSPACE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024-2029 (USD MILLION)
TABLE 185 AEROSPACE: POWER TOOLS MARKET, BY REGION, 2020-2023 (USD MILLION)
TABLE 186 AEROSPACE: POWER TOOLS MARKET, BY REGION, 2024-2029 (USD MILLION)
13.2.4 ENERGY
13.2.4.1 Increasing number of wind projects in developing countries to fuel segmental growth
TABLE 187 ENERGY: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020-2023 (USD MILLION)
TABLE 188 ENERGY: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024-2029 (USD MILLION)
TABLE 189 ENERGY: POWER TOOLS MARKET, BY REGION, 2020-2023 (USD MILLION)
TABLE 190 ENERGY: POWER TOOLS MARKET, BY REGION, 2024-2029 (USD MILLION)
13.2.5 SHIPBUILDING
13.2.5.1 Growing demand for screwdrivers, electric nutrunners, and impact wrenches to augment market growth
TABLE 191 SHIPBUILDING: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020-2023 (USD MILLION)
TABLE 192 SHIPBUILDING: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024-2029 (USD MILLION)
TABLE 193 SHIPBUILDING: POWER TOOLS MARKET, BY REGION, 2020-2023 (USD MILLION)
TABLE 194 SHIPBUILDING: POWER TOOLS MARKET, BY REGION, 2024-2029 (USD MILLION)
13.2.6 OTHER INDUSTRIES
TABLE 195 OTHER INDUSTRIES: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020-2023 (USD MILLION)
TABLE 196 OTHER INDUSTRIES: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024-2029 (USD MILLION)
TABLE 197 OTHER INDUSTRIES: POWER TOOLS MARKET, BY REGION, 2020-2023 (USD MILLION)
TABLE 198 OTHER INDUSTRIES: POWER TOOLS MARKET, BY REGION, 2024-2029 (USD MILLION)
13.3 RESIDENTIAL/DIY
13.3.1 RISING FOCUS ON REMODELING AND REFURBISHING EXISTING HOMES TO BOOST SEGMENTAL GROWTH
TABLE 199 RESIDENTIAL/DIY: POWER TOOLS MARKET, BY REGION, 2020-2023 (USD MILLION)
TABLE 200 RESIDENTIAL/DIY: POWER TOOLS MARKET, BY REGION, 2024-2029 (USD MILLION)