The DC torque tool market has the presence of many small, medium-sized as well as large companies. The tier 1 companies captured the majority of the DC torque tool market share. Atlas Copco AB (Sweden), Robert Bosch GmbH (Germany), Stanley Black & Decker, Inc. (US), Apex Tool Group, LLC (US), and Ingersoll Rand plc (Ireland) are some of the leading players in the DC torque tool market.
Atlas Copco AB (Sweden) holds the leading position in the DC torque tool market. The company has a broad product portfolio in the DC torque tool market with a strong foothold in Europe. The company provides corded and cordless DC torque tools. Moreover, the company operates globally through its different subsidiaries, namely Desoutter Industrial Tools and Chicago Pneumatic. These subsidiaries offer DC torque tools to various industries such as automotive, energy, shipbuilding, aerospace, and electronics. Atlas Copco AB (Sweden) is focusing on providing cordless fastening tools. The company majorly serves the automotive market for DC torque solutions; however, it also provides fastening solutions to industries such as aerospace, shipbuilding, metal fabrication & foundries, railway, and wind energy. The company also offers the controller and fastening software that help to gauge the customer requirements in a better way and results in an industry-leading DC torque solution. For instance, in December 2014, the company acquired Titan Technologies International Inc. (US), a fastening tool provider. This acquisition helps Atlas Copco to strengthen its portfolio of DC torque products.
Robert Bosch GmbH (Germany) is playing a vital role in the DC torque tool market. The company offers a variety of DC torque tools including impact wrenches, electric screwdrivers, and nutrunners in corded as well as cordless tools. Europe is the biggest market for the company, followed by APAC. Bosch Rexroth AG is Bosch-owned subsidiary that also offers DC torque tools. It focuses strongly on innovations and values customers. Bosch is focusing on various growth areas such as connectivity and high-performance cordless tools. The company has developed a range of professional products, especially for emerging markets owing to the potential of low-priced tools in APAC and Africa. The company also offers DC motors for various applications including DC torque tools.
Stanley Black & Decker, Inc. (US), Apex Tool Group, LLC (US), Ingersoll Rand plc (Ireland), Hilti Corporation (Liechtenstein), Makita Corporation (Japan), and Techtronic Industries Company Limited (Japan) are the companies that play a vital role in the DC torque tool market. All these companies have a well-diversified geographical presence and serve to various industries.
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
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