DC Torque Tool Companies - Atlas Copco AB (Sweden) and Apex Tool Group LLC (US) are the Key Players
The DC torque tool market is estimated to be worth USD 3.6 billion in 2024 and is projected to reach USD 4.4 billion by 2029 at a CAGR of 3.7% during the forecast period. The market growth for DC torque tool is attributed to the growing emphasis on precise torque measurements to meet stringent industry standards.
The major players in the DC torque tool market with a significant global presence are Atlas Copco AB (Sweden), Apex Tool Group LLC (US), Stanley Black & Decker, Inc. (US), Robert Bosch GmbH (Germany), and Ingersoll Rand (US). Market participants have used a variety of methods, such as product development, collaborative collaborations, contractual agreements, and corporate expansions, to strengthen their market position. These comprehensive strategies, both organic and inorganic, have facilitated the global expansion of market players through the provision of DC torque tool.
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Major DC Torque Tool companies include:
- Atlas Copco AB (Sweden)
- Apex Tool Group, LLC (US)
- Ingersoll Rand (US)
- Stanley Black & Decker, Inc. (US)
- Robert Bosch GmbH (Germany)
Atlas Copco AB is the leading manufacturer and provider of industrial products and solutions. The company’s product range includes compressed air and gas solutions, vacuum solutions, energy solutions, dewatering and industrial pumps, industrial power tools, and assembly and machine vision solutions. It operates in four segments namely compressor technique, vacuum technique, industrial technique, and Power technique. Atlas Copco AB manufactures DC Torque tools in its industrial technique segment. The Industrial Technique business area offers the most extensive range of industrial power tools, assembly systems, and machine vision solutions. Atlas Copco Group has its customer centers in 70 countries across Asia, Europe, and the Middle East and production facilities in 24 countries.
Apex Tool Group, LLC is one of the leading companies in professional hand and power tools, serving industries such as industrial, vehicle service and assembly, aerospace, electronics, construction, and DIY markets. The company’s hand tools are sold under various brands, such as SATA, Campbell, GEARWRENCH, Crescent, and Jacobs. Power tools include various brands, such as Weller, Cleco Apex, Xcelite, and Erem. Apex Tool Group provides DC Torque tools under its Weller & Cleco brand. Apex Tool Group has manufacturing facilities in over 20 locations across North and South America, Australia, Europe, and Asia and has operations in over 30 countries worldwide.
Stanley Black & Decker, Inc. is one of the global manufacturers of industrial and household tools, hardware, and security products. It offers its products through two segments: Tools & Outdoor and Industrial. The company has several brands in its portfolio, including DEWALT, CRAFTSMAN, Cub Cadet, BLACK+DECKER, STANLEY Engineered Fastening, CAM, CribMaster, and Nelson. Its product range covers various categories, including hand tools, power tools, outdoor equipment, storage solutions, and security solutions. As a multinational conglomerate, Stanley Black & Decker, Inc. is globally serving customers in diverse industries and regions, including North America, Europe, Asia Pacific, and RoW.
Robert Bosch GmbH is a leading technology and engineering company. It operates through four business segments: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company offers DC torque tools through the Consumer Goods division. This division also provides other products, such as outdoor power equipment, garden equipment, power tool accessories, and measuring equipment for professionals. The company offers handheld tools and has regional companies in over 60 countries across Europe, the Americas, and Asia Pacific, EMEA.
Ingersoll Rand is one of the leading providers of mission-critical flow creation products and industrial solutions. It operates in two segments: Industrial Technologies & Services and Precision & Science Technologies. The Industrial Technologies & Services segment manufactures air compression, vacuum, and blower products, while the Precision & Science Technologies segment manufactures positive displacement pumps, controllers and software, and robotics. The company has a strong international presence with subsidiaries, offices, and service centers across the Americas, Europe, Asia Pacific, and the Middle East & Africa.
Related Reports:
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
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