HOME Top Market Reports DC Torque Tool Market by Type (Handheld and Fixtured Tools), Power Source (Corded and Cordless), Control System (Transducer and Current), Industry (Automotive, Aerospace, and Energy), and Geography - Global Forecast to 2023

DC Torque Tool Market by Type (Handheld and Fixtured Tools), Power Source (Corded and Cordless), Control System (Transducer and Current), Industry (Automotive, Aerospace, and Energy), and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: September 2017
Report Code: SE 5571

 

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The DC torque tool market was valued at USD 2.75 Billion in 2016 and is expected to reach USD 3.38 Billion by 2023, at a CAGR of 3.16% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the DC torque tool market based on type, power source, control system, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the DC torque tool market. The report also gives a detailed overview of the value chain in the ecosystem of DC torque tools and analyzes the market trends based on the competitive leadership microquadrant analysis.

The research methodology used to estimate and forecast the DC torque tool market begins with capturing the data pertaining to the revenue of the companies, through secondary research, such as the European Power Tools Association (EPTA), IEEE journals, Asian Machine Tool Exhibition (AMTEX), and newsletters of leading players. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global DC torque tool market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through the primary research by conducting extensive interviews with people holding key positions such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries is depicted in the below figure:

DC Torque Tool Market

To know about the assumptions considered for the study, download the pdf brochure

The DC torque tool ecosystem comprises component suppliers, manufacturers, distributors, and end-user industries. Batteries, DC motors, and torque transducers are some important components of DC torque tool. Mabuchi Motor Co., Ltd. (Japan), Allied Motion Technologies Inc. (US), Makita Corporation (Japan), FAULHABER MINIMOTOR SA (Germany), and MinebeaMitsumi Inc. (Japan) are some key suppliers of DC motors for DC torque tool.

LG Chem, Ltd. (South Korea), Samsung SDI Co., Ltd. (South Korea), GS Yuasa Corporation (Japan), Panasonic Corporation (Japan), and Shenzhen BAK Battery Co., Ltd. (China) are some major battery suppliers to DC torque tool manufacturers. Furthermore, FUTEK Advanced Sensor Technology, Inc. (US), Spectris plc (UK), and MTS Systems Corporation (US) are some notable suppliers of torque transducers/sensors for DC torque tool. The players involved in the development of DC torque tools include Atlas Copco AB (Sweden), Robert Bosch GmbH (Germany), Stanley Black & Decker, Inc. (US), Apex Tool Group, LLC (US), Ingersoll Rand plc (Ireland), Hilti Corporation (Liechtenstein), Makita Corporation (Japan), Techtronic Industries Company Limited (Japan), Uryu Seisaku, Ltd. (Japan), and Gedore-Werkzeugfabrik GmbH & Co. KG (Germany). Moreover, Panasonic Corporation (Japan), Snap-on Incorporated (US), and Hitachi Koki Co., Ltd. (Japan) contribute to the growth of the DC torque tool market.

Target Audience of the Report:

  • Analysts and strategic business planners
  • End-user industries
  • Governments, financial institutions, and investment communities
  • Associations, organizations, forums, and alliances
  • Companies involves in the development of DC torque tools
  • DC motor manufacturers
  • Li–Ion battery manufacturers and suppliers
  • Suppliers of torque transducers/sensors
  • Original equipment manufacturers (OEMs) of electronic components
  • Technology investors and venture capital firms
  • Technology standard organizations, forums, alliances, and associations

This study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.

Scope of the Report:

This research report categorizes the global DC torque tool market on the basis of type, power source, control system, industry, and geography.

DC torque tool Market, by Type:

  • Handheld Tools
    • Electric Nutrunner
    • Electric Screwdriver
    • Electric Torque Wrench
    • Electric Impact Wrench
    • Others
  • Fixtured Tools

Handheld DC torque tool Market, by Power Source:

  • Corded
  • Cordless

DC torque tool Market, by Industry:

  • Automotive
    • OEMs
    • Service and Repair
  • Aerospace
  • Electronics and Consumer Appliances
  • Energy
  • Shipbuilding
  • Others (Construction, Process, Metalworking, Agriculture, Medical Device, and Railway)

DC torque tool Market, by Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Major Secondary Sources
                    2.1.1.2 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Primary Sources
                    2.1.2.4 Key Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumption

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 DC Torque Tool Market Opportunities
    4.2 Handheld DC Torque Tool Market for Automotive Industry, By Power Source
    4.3 DC Torque Tool Market for Electronics and Consumer Appliances Industry, By Type
    4.4 DC Torque Tool Market in APAC, By Country and Industry
    4.5 DC Torque Tool Market, By Geography

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Value Chain Analysis
           5.2.1 Components
                    5.2.1.1 Dc Brushless Motors: Disruptive Innovation
                    5.2.1.2 Lithium-Ion (Li–Ion) Batteries: Dynamic Opportunities in the Electric Fastening Tools
                               5.2.1.2.1 European Union Promoting Use of Li–Ion Batteries in Electric Fastening Tools
           5.2.2 Electric Fastening Tool Manufacturers
           5.2.3 Distributors and End-User Industries
    5.3 Wireless Charging: New Trend in the Power Tool Market
    5.4 Brand Analysis: Importance of Brand in the DC Torque Tool Market
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Industry 4.0 Accelerates Adoption of Electric Fastening Tools
                    5.5.1.2 Requirement of Specific Torque as Well as Flexible and Efficient Fastening Tools
                    5.5.1.3 Growth in Sales of Commercial Vehicles
           5.5.2 Restraints
                    5.5.2.1 Unsuitability of Fastening Tools for Harsh Environments
           5.5.3 Opportunities
                    5.5.3.1 Lucrative Opportunity in Wind Energy Industry
                    5.5.3.2 Smart Tools are Gaining More Importance
           5.5.4 Challenges
                    5.5.4.1 Keeping Track of Electric Fastening Tools
                    5.5.4.2 High Price and Strict Global Trade Regulations

6 DC Torque Tool Market, By Type (Page No. - 43)
    6.1 Introduction
    6.2 Handheld Tools
           6.2.1 Electric Nutrunner
           6.2.2 Electric Screwdriver
           6.2.3 Electric Torque Wrench
           6.2.4 Electric Impact Driver
           6.2.5 Others
    6.3 Fixtured Tools

7 DC Torque Tool Market, By Power Source (Page No. - 50)
    7.1 Introduction
    7.2 Corded Tools
    7.3 Cordless Tools

8 DC Torque Tool Market, By Control System (Page No. - 56)
    8.1 Introduction
    8.2 Transducer Control Tools
    8.3 Current Control Tools

9 DC Torque Tool Market, By Industry (Page No. - 62)
    9.1 Introduction
    9.2 Automotive
           9.2.1 Original Equipment Manufacturers
                    9.2.1.1 Passenger Vehicles
                    9.2.1.2 Commercial Vehicles
           9.2.2 Services & Repairs
    9.3 Aerospace
    9.4 Electronic and Consumer Appliances
    9.5 Energy
    9.6 Shipbuilding
    9.7 Others

10 Geographic Analysis (Page No. - 71)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Mexico
             10.2.3 Canada
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 UK
             10.3.4 Spain
             10.3.5 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Rest of APAC
     10.5 Rest of the World
             10.5.1 Middle East & Africa
             10.5.2 South America

11 Competitive Landscape (Page No. - 97)
     11.1 Overview
     11.2 Market Ranking Analysis: DC Torque Tool Market
     11.3 Competitive Situations and Trends
             11.3.1 Battle for Market Share: Product Launches and Developments Was the Key Strategy Between 2014 and 2017
             11.3.2 Product Launches and Developments
             11.3.3 Acquisitions
             11.3.4 Expansions

12 Company Profiles (Page No. - 102)
     12.1 Introduction
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments)*
     12.2 Atlas Copco AB
     12.3 Apex Tool Group, LLC
     12.4 Stanley Black & Decker, Inc.
     12.5 Robert Bosch GmbH
     12.6 Ingersoll-Rand Plc 
     12.7 Hilti Corporation
     12.8 Techtronic Industries Co. Ltd. (TTi)
     12.9 Uryu Seisaku, Ltd.
     12.10 Makita Corporation
     12.11 Gedore-Werkzeugfabrik GmbH & Co. KG 
     12.12 Key Innovators
             12.12.1 Panasonic Corporation
             12.12.2 Hitachi Koki Co., Ltd.
             12.12.3 ESTIC Corporation

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 132)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide for the DC Torque Tool Market
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (64 Tables)

Table 1 DC Torque Tool Market, By Type, 2014–2023 (USD Million)
Table 2 DC Torque Tool Market for Automotive Industry, By Type, 2014–2023 (USD Million)
Table 3 DC Torque Tool Market for Aerospace Industry, By Type, 2014–2023 (USD Million)
Table 4 DC Torque Tool Market for Electronics and Consumer Appliances Industry, By Type, 2014–2023 (USD Million)
Table 5 DC Torque Tool Market for Energy Industry, By Type, 2014–2023 (USD Million)
Table 6 DC Torque Tool Market for Shipbuilding, By Type, 2014–2023 (USD Million)
Table 7 DC Torque Tool Market for Other Industries, By Type, 2014–2023 (USD Million)
Table 8 Handheld DC Torque Tool Market, By Power Source, 2014–2023 (USD Million)
Table 9 Handheld DC Torque Tool Market for Automotive Industry, By Power Source, 2014–2023 (USD Million)
Table 10 Handheld DC Torque Tool Market for Aerospace Industry, By Power Source, 2014–2023 (USD Million)
Table 11 Handheld DC Torque Tool Market for Electronics and Consumer Appliances Industry, By Power Source, 2014–2023 (USD Million)
Table 12 Handheld DC Torque Tool Market for Energy Industry, By Power Source, 2014–2023 (USD Million)
Table 13 Handheld DC Torque Tool Market for Shipbuilding Industry, By Power Source, 2014–2023 (USD Million)
Table 14 Handheld DC Torque Tool Market for Other Industries, By Power Source, 2014–2023 (USD Million)
Table 15 DC Torque Tool Market, By Control System, 2014–2023 (USD Million)
Table 16 Transducer Control DC Torque Tool Market, By Region, 2014–2023 (USD Million)
Table 17 Current Control DC Torque Tool Market, By Region, 2014–2023 (USD Million)
Table 18 DC Torque Tool Market in North America, By Control System, 2014–2023 (USD Million)
Table 19 DC Torque Tool Market in Europe, By Control System, 2014–2023 (USD Million)
Table 20 DC Torque Tool Market in APAC, By Control System, 2014–2023 (USD Million)
Table 21 DC Torque Tool Market in RoW, By Control System, 2014–2023 (USD Million)
Table 22 DC Torque Tool Market, By Industry, 2014–2023 (USD Million)
Table 23 DC Torque Tool Market in Automotive Industry, By Region, 2014–2023 (USD Million)
Table 24 DC Torque Tool Market in Aerospace Industry, By Region, 2014–2023 (USD Million)
Table 25 DC Torque Tool Market in Electronics and Consumer Appliances Industry, By Region, 2014–2023 (USD Million)
Table 26 DC Torque Tool Market for Energy Industry, By Region, 2014–2023 (USD Million)
Table 27 DC Torque Tool Market for Shipbuilding Industry, By Region, 2014–2023 (USD Million)
Table 28 DC Torque Tool Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 29 DC Torque Tool Market, By Region, 2014–2023 (USD Million)
Table 30 Transducer Control DC Torque Tool Market, By Region, 2014–2023 (USD Million)
Table 31 Current Control DC Torque Tool Market, By Region, 2014–2023 (USD Million)
Table 32 DC Torque Tool Market in North America, By Industry, 2014–2023 (USD Million)
Table 33 DC Torque Tool Market in North America, By Country, 2014–2023 (USD Million)
Table 34 DC Torque Tool Market for Automotive Industry in North America, By Country, 2014–2023 (USD Million)
Table 35 DC Torque Tool Market for Aerospace Industry in North America, By Country, 2014–2023 (USD Million)
Table 36 DC Torque Tool Market for Electronics and Consumer Appliances Industry in North America, By Country, 2014–2023 (USD Million)
Table 37 DC Torque Tool Market for Energy Industry in North America, By Country, 2014–2023 (USD Million)
Table 38 DC Torque Tool Market for Shipbuilding Industry in North America, By Country, 2014–2023 (USD Million)
Table 39 DC Torque Tool Market for Other Industries in North America, By Country, 2014–2023 (USD Million)
Table 40 DC Torque Tool Market in Europe, By Industry, 2014–2023 (USD Million)
Table 41 DC Torque Tool Market in Europe, By Country, 2014–2023 (USD Million)
Table 42 DC Torque Tool Market for Automotive Industry in Europe, By Country, 2014–2023 (USD Million)
Table 43 DC Torque Tool Market for Aerospace Industry in Europe, By Country, 2014–2023 (USD Million)
Table 44 DC Torque Tool Market for Electronics and Consumer Appliances Industry in Europe, By Country, 2014–2023 (USD Million)
Table 45 DC Torque Tool Market for Energy Industry in Europe, By Country, 2014–2023 (USD Million)
Table 46 DC Torque Tool Market for Shipbuilding Industry in Europe, By Country, 2014–2023 (USD Million)
Table 47 DC Torque Tool Market for Other Industries in Europe, By Country, 2014–2023 (USD Million)
Table 48 DC Torque Tool Market in APAC, By Industry, 2014–2023 (USD Million)
Table 49 DC Torque Tool Market in APAC, By Country, 2014–2023 (USD Million)
Table 50 DC Torque Tool Market for Automotive Industry in APAC, By Country, 2014–2023 (USD Million)
Table 51 DC Torque Tool Market for Aerospace Industry in APAC, By Country, 2014–2023 (USD Million)
Table 52 DC Torque Tool Market for Electronics and Consumer Appliances in APAC, By Country, 2014–2023 (USD Million)
Table 53 DC Torque Tool Market for Energy Industry in APAC, By Country, 2014–2023 (USD Million)
Table 54 DC Torque Tool Market for Shipbuilding Industry in APAC, By Country, 2014–2023 (USD Million)
Table 55 DC Torque Tool Market for Other Industries in APAC, By Country, 2014–2023 (USD Million)
Table 56 DC Torque Tool Market in RoW, By Industry, 2014–2023 (USD Million)
Table 57 DC Torque Tool Market in RoW, By Region, 2014–2023 (USD Million)
Table 58 DC Torque Tool Market for Automotive Industry in RoW, By Region, 2014–2023 (USD Million)
Table 59 DC Torque Tool Market for Aerospace Industry in RoW, By Region, 2014–2023 (USD Million)
Table 60 DC Torque Tool Market for Electronics and Consumer Appliances Industry in RoW, By Region, 2014–2023 (USD Million)
Table 61 DC Torque Tool Market for Energy Industry in RoW, By Region, 2014–2023 (USD Million)
Table 62 DC Torque Tool Market for Shipbuilding Industry in RoW, By Region, 2014–2023 (USD Million)
Table 63 DC Torque Tool Market for Other Industries in RoW, By Region, 2014–2023 (USD Million)
Table 64 Ranking Analysis of Key Players in DC Torque Tool Market, 2017
 
 
List of Figures (47 Figures)
 
Figure 1 DC Torque Tool Market Segmentation
Figure 2 DC Torque Tool Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 DC Torque Tool Market Segmentation
Figure 7 Handheld Electric Fastening Tools Expected to Lead the DC Torque Tool Market During 2017–2023
Figure 8 Market for Cordless Tools Expected to Grow at A Higher CAGR During the Forecast Period
Figure 9 Transducer Control Tools Expected to Dominate the DC Torque Tool Market Between 2017 and 2023
Figure 10 Automotive Industry Anticipated to Hold the Largest Size of the DC Torque Tool Market By 2023
Figure 11 Europe Held the Largest Market Share in 2016
Figure 12 Attractive Opportunities in the DC Torque Tool Market Between 2017 and 2023
Figure 13 Market for Cordless Fastening Tools for Automotive Industry Estimated to Grow at A Higher CAGR By 2023
Figure 14 Fixtured Electric Fastening Tools to Capture A Larger Market Share of Electronics & Consumer Appliances Industry By 2023
Figure 15 China to Dominate the DC Torque Tool Market in 2017
Figure 16 Europe is Expected to Lead the DC Torque Tool Market By 2023
Figure 17 DC Torque Tool Value Chain
Figure 18 DROC: DC Torque Tool Market
Figure 19 Global Cumulative Installed Wind Capacity, 2001–2016
Figure 20 DC Torque Tool Market, By Type
Figure 21 Handheld Electric Fastening Tools to Dominate the Market Between 2017 and 2023
Figure 22 Handheld Electric Fastening Tools to Account for A Larger Market Share of Aerospace Industry By 2023
Figure 23 DC Torque Tool Market, By Power Source
Figure 24 Market for Cordless Electric Fastening Tools Expected to Grow at A Higher CAGR During Forecast Period
Figure 25 Corded Electric Fastening Tools to Hold A Larger Market Size for Automotive Industry By 2023
Figure 26 DC Torque Tool Market, By Control System
Figure 27 Transducer Control Tools Expected to Lead the DC Torque Tool Market During 2017–2023
Figure 28 Transducer Control DC Torque Tool to Dominate the European Market During 2017–2023
Figure 29 DC Torque Tool Market, By Industry
Figure 30 DC Torque Tool Market for Energy Industry to Grow at the Highest CAGR During the Forecast Period
Figure 31 Sales of Passenger Vehicles (2012–2016)
Figure 32 Sales of Commercial Vehicles (2012–2016)
Figure 33 Europe to Capture the Largest Size of the DC Torque Tool Market for Energy Industry By 2023
Figure 34 Electric Fastening Tool Market, Geographic Snapshot (2017–2023)
Figure 35 DC Torque Tool Market Snapshot in North America
Figure 36 Automotive Industry to Hold the Largest Size of the DC Torque Tool Market in Europe By 2023
Figure 37 Electrical Fastening System Market in Rest of Europe to Grow at the Highest CAGR During the Forecast Period
Figure 38 DC Torque Tool Market Snapshot in APAC
Figure 39 South America to Capture A Larger Market Size By 2023
Figure 40 Companies Adopted Product Launches and Developments as the Key Growth Strategy Between 2015 and 2017
Figure 41 Atlas Copco AB: Company Snapshot
Figure 42 Stanley Black & Decker, Inc.: Company Snapshot
Figure 43 Robert Bosch GmbH: Company Snapshot
Figure 44 Ingersoll-Rand Plc: Company Snapshot
Figure 45 Hilti Corporation Company Snapshot
Figure 46 Techtronic Industries Co. Ltd.: Company Snapshot
Figure 47 Makita Corporation: Company Snapshot

The DC torque tool market is expected to grow from USD 2.81 Billion in 2017 to USD 3.38 Billion by 2023, at a CAGR of 3.16% between 2017 and 2023. The growth of the DC torque tool market is propelled by various factors such as the increasing sales of commercial and passenger vehicles, the adoption of Industry 4.0 accelerates the use of DC torque tools. Moreover, the advent of DC brushless motors and Li–ion batteries has helped the DC torque tool market to evolve.

The energy industry is expected to drive the growth of the DC torque tool market owing to the huge growth in the wind energy industry. According to the Global Wind Energy Council (GWEC), at the end of 2016, the worldwide total installed capacity of wind energy was 486,790 MW, which has grown about 12% from the previous year. Typically, the wind industry requirement for high torque fastening is fulfilled by pneumatic tools. However, the development of powerful tools and benefits such as quality control, ergonomics, and convenience offered by cordless power tools, especially in offshore wind installation, are some key factors driving the growth of the said market.

The global DC torque tool market is dominated by handheld tools owing to their adoption for various applications in several industries ranging from automotive to consumer electronics. Electric nutrunner, electric screwdriver, and electric torque wrench are some of the hand tools, which are most frequently used. These tools offer more flexibility, better ergonomics, and more power to the weight ratio. Atlas Copco AB (Sweden), Robert Bosch GmbH (Germany), Stanley Black & Decker, Inc. (US), and Ingersoll-Rand plc (Ireland) Apex Tool Group, LLC (US) are some of the key players that are focusing more on the development of handheld fastening tools.

The market for cordless DC torque tools is expected to grow at higher CAGR than corded tools owing to the benefits offered by the former. For instance, operators can go in and out of the car to carry out the assembly once they operate a cordless tool. Thus, convenience, ergonomics, and mobility are some of the key factors that favor the demand for cordless DC torque tools. Moreover, the advancement in Li-ion battery further supports the demand for cordless DC torque tools.

Transducer control DC torque is the close-loop and most direct method of fastening data capturing, while other method calculates the power consumption of the motor, and then computes the torque delivered to fasteners. The motor power consumption can be influenced by the temperature, state of the joint, and performance of entire gear mechanism. Therefore, transducer control DC torque tools offer the most accurate and dynamic torque and angle reading.

Europe held the largest market share in 2016 and is expected to sustain its position in the coming years. Huge wind turbine installation, the presence of major aerospace manufacturers, the well-established automotive industry helped Europe to gain a leading position in the DC torque tool market. Atlas Copco AB (Sweden), Robert Bosch GmbH (Germany), Ingersoll Rand plc (Ireland) are some of the top suppliers of DC torque tools from the said region. APAC is the emerging market for the DC torque tool. According to the OICA, in 2016, the automotive production in APAC was ~54% of total automotive production worldwide and is expected to grow in the near future. Moreover, China and India are the major countries in APAC involved in the development of wind energy. The major driving factors for the growth of the market in APAC are the increased number of manufacturing facilities and aging infrastructure.

DC Torque Tool Market

One of the key restraining factors for the DC torque tool market is unsuitability of DC torque tools for harsh environments. Heavy power tools have a torque reaction, which may cause a user wrist injury. Sometimes, prolonged use of fastening tools may overheat the tool.

The key market players such as Atlas Copco AB (Sweden), Ingersoll Rand plc (Ireland), Techtronic Industries Co. Ltd. (Hong Kong), Makita Corporation (Japan), and Apex Tool Group, LLC. (US) are focusing on strategies such as product launches, expansions, and acquisitions to enhance their product offerings and expand their business.

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