DC Torque Tool Market worth $4.4 billion by 2029 – Exclusive Report by MarketsandMarkets™

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25084634

Browse in-depth TOC on “DC Torque Tool Market“
200 – Tables

71 – Figures

227 – Pages

DC Torque Tool Market Report Scope:

Report Coverage	Details
Market Revenue in 2024	$ 3.6 billion
Estimated Value by 2029	$ 4.4 billion
Growth Rate	Poised to grow at a CAGR of 3.7%
Market Size Available for	2020–2029
Forecast Period	2024–2029
Forecast Units	Value (USD Million/Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Handheld Tool, Fixtured Tool, Power Source, Control System, Industry and Region
Geographies Covered	North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge	Overheating and duty cycle constraints in high-torque operations
Key Market Opportunities	Increasing demand for smart and connected DC torque tools
Key Market Drivers	Surging demand for electric fastening tools for motor vehicles

The handheld tools segment is to grow with a higher CAGR during the forecast period.

The DC torque tool have been segmented into two tool types, handheld tools and fixtured tools. Handheld tools are preferred over fixtured tools due to portability, handheld tools can be moved freely, where as fixtures tools are stationary, mounted on a workstation only. Their portability enables easy maneuverability within a workspace and versatility in addressing various fasteners. These tools provide superior accessibility and can reach fasteners in confined spaces where fixtured tools cannot. Furthermore, these tools are often less expensive since they eliminate the need for fixtures.

Handheld tools are widely used in a variety of industries, including automotive, aerospace, consumer electronics, and appliances. Technological developments such as longer battery life and smart features boost their efficiency and usage. The demand for precision and quality in assembly processes, particularly with the shift to electric vehicles, is driving growth in this market.

Cordless power source segment is to grow at the highest growth rate during the forecast period.

Cordless DC torque tools are precision tools that employ rechargeable batteries to deliver exact torque levels to bolts. Advancements in battery technology, notably the development of sophisticated lithium-ion batteries, have substantially increased cordless tools’ power, capacity, and recharge cycles, making them more adaptable to demanding jobs. Cordless tools are more powerful and flexible, allowing operators to work in remote or cramped regions without the limits of a power connection. They improve safety by eliminating trip risks and entanglements, while their ergonomic characteristics reduce operator fatigue and increase productivity. Furthermore, sophisticated technologies like wireless networking, data logging, and torque tracking provide real-time monitoring and exact management. These features are consistent with Industry 4.0 aims, which fuel demand for cordless DC torque tools.

The Automotive industry holds the largest market share during the forecast period.

The market is segmented into various industries including automotive, aerospace, consumer electronics and appliances, energy, shipbuilding and other industries. Automotive is a major market for DC torque tools. The automotive industry dominates the DC torque tool market because to the need for high precision and quality in vehicle assembly, complex manufacturing processes, and the transition to electric vehicles. The industry’s use of automation and strict safety regulations drives demand for these tools. According to the International Organisation of Motor Vehicle Manufacturers (OICA), motor vehicle manufacturing is increasing internationally, which is fueling market development.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=25084634

Asia Pacific holds the largest market share of the DC torque tool market throughout the forecast period.

Asia Pacific consists of – China, Japan, India, and Rest of Asia Pacific. The China is serving as the major contributor to the DC torque tool industry in this area. Asia Pacific holds the largest market share due to rapid automotive industry expansion, significant investments in manufacturing facilities, and rising adoption of automated technologies. Firstly, Asian economies are becoming markets in their own right as their incomes rise. Secondly, is that the ability to deliver products digitally has shifted the principal driver of regional growth from manufacturing to services. Moreover, Government initiatives promoting automotive growth, particularly in electric vehicle production, combined with increasing middle-class populations and urbanization, drive demand for precise assembly tools. The increasing investments in infrastructure projects and manufacturing facilities in the Asia Pacific region boost the demand for advanced tools and technologies.

The report profiles key players in DC torque tool companies such Atlas Copco AB (Sweden), Apex Tool Group, LLC (US), Ingersoll Rand (US), Stanley Black & Decker, Inc. (US), Robert Bosch GmbH (Germany), and others.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=25084634

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports:

Power Tools Market Size, Share & Industry Growth Analysis Report by Tool Type (Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools, Routing Tools), Mode of Operation (Electric, Pneumatic, Hydraulic), Application and Region – Global Forecast to 2029

Outdoor Power Equipment Market Size, Share & Industry Growth Analysis Report by Equipment Type (Lawn Mowers, Saws, Trimmers & Edgers), Power Source (Fuel-based, Electric), Functionality (Connected/Smart Products, Conventional Products), Application and Region – Global Forecast to 2029

Smart Factory Market Size, Share, Industry Growth & Trends by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printers, Machine Vision Systems), Solution (SCADA, Manufacturing Execution System, Industrial Safety, PAM), Industry and Region – Global Forecast to 2029

Industry 4.0 Market Size, Share & Industry Growth Analysis Report by Technology (Industrial Robots, Blockchain, Industrial Sensors, Industrial 3D Printing, Machine Vision, HMI, AI in Manufacturing, Digital Twin, AGV’s, Machine Condition Monitoring) and Geography – Global Growth Driver and Industry Forecast to 2028

Intelligent PDU Market by Type (Metered, Monitored, Automatic Transfer Switch), Power Phase (Single Phase, Three Phase), Application (Datacenters, Industrial Power Solutions, VoIP Phone Systems), Industry, and Geography – Global Forecast to 2023

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Rohan Salgarkar

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]

Visit Our Web Site: https://www.marketsandmarkets.com/

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/dc-torque-tool-market.asp

Content Source: https://www.marketsandmarkets.com/PressReleases/dc-torque-tool.asp