Asia Pacific leads the automotive torque tools market share with presence of multiple production facilities. Reports estimated that global automotive torque tools industry will exceed an annual valuation of US$1.2 billion by 2025.The major automotive manufacturers including Suzuki, Honda and Toyota expanding their production facilities meet vehicle demand.
Hydraulic torque tools are expected to witness a stellar installation rate in the automotive torque tools market due to their utilization in heavy-duty applications. Hydraulic tools are self-ratcheting machines with extreme precision torque control coupled with a high degree of accuracy. Increased joint integrity and decreased bolting time makes them best suited for high-level automobile applications. Early this year Enerpac Co. unveiled a versatile line of hydraulic torque wrenches capable of operating hexagon cassette as well as square drive head, demonstrating innovative approach of industry players.
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Nutrunner will experience strong growth over the forecast period owing to ease of operation, increase speed and accuracy. Ongoing advancements including improved torque to weight ratio, increased power, higher durability and accuracy will enhance automotive torque tools market. For instance, In May 2017, ITH bolting technology introduced battery operated 4000 Nm nutrunner inclusive of wireless external data control system. This allows the tool for vast range of operational torque and applicability on all connections greater than M16.
Company profiled in automotive torque tools market based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Stanley Black & Decker
- Ingersoll Rand
- Snap-on Tools
- Tekton, Inc.
- Powermaster Engineers Private Limited
- GEDORE Werkzeugfabrik GmbH & Co. KG
- Hi-Force Hydraulic Tools
- Sturtevant Richmont
- Rami Yokota B.V.
Technological advancement and expansion of manufacturing facilities is positively influencing the automotive torque tools market. The government organizations in conjunction with private players are taking initiatives to support the automotive industry. According to Society of Automobile Manufacturers (SIAM), the Indian automobile industry witnessed around 7% CAGR between 2013-2018 with emergence of ?Make in India? initiative.
Rising labor cost, elongated working hours and accuracy in automobile systems are generating the requirement of automated tools thereby escalating the automotive torque tools market share. Industry participants are continuously investing in R&D to provide more efficient and precise tooling portfolio. For instance, in September 2019, Norbar torque tools launched automatic torque wrench calibrator, a wrench loading system for performing calibration and testing.
Browse key industry insights spread across 250 pages with 385 market data tables & 11 figures & charts from the report, “Automotive Torque Tools Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-torque-tool-market
Pneumatic tools are a vital component in global automotive torque tools market on account of their requirements in high-performance automotive applications. Pneumatic tools are simple, clean, reliable, lightweight, and robust enough to endure harsh site conditions, making them the perfect choice for fast, efficient and accurate bolting applications. These tools provide continuous torque and are proven to achieve the correct torque values in a more cost-efficient manner. Rising demand for these products combined with continuous development of pneumatic tool portfolio by industry players will reinforce the adoption of pneumatic torque tools.
Major table of content: –
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition & forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Automotive torque tools industry 3600 synopsis, 2013 – 2025
2.1.1. Business trends
2.1.2. Tools trends
2.1.3. Operating mechanism trends
2.1.4. Type trends
2.1.5. Torque setting trends
2.1.6. Regional trends
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