Global DC Torque Tool (Handheld and Fixtured Tools) Market, 2023

10/4/2017, 4:45 PM (Source: GlobeNewswire)

Dublin, Oct. 04, 2017 (GLOBE NEWSWIRE) -- The "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" report has been added to Research and Markets' offering.

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 key driving factors for the growth of the DC torque tool market include the increasing sales of commercial and passenger vehicles, the use of Industry 4.0 accelerates adoption of DC torque tools, the requirement of specific torque as well as flexible and efficient fastening tools. Moreover, the advent of brushless DC motors drives the growth of the market for cordless fastening tools.

DC torque tools are widely used in the automotive industry at various stages. These tools are used by OEMs as well as in the service and repair centers. According to the International Organization of Motor Vehicle Manufacturers (OICA), the global commercial vehicle sales have surged by 3.27% and 4.37% in 2015 and 2016, respectively. Moreover, automotive manufacturers continued to invest in the new and upgraded production line. The automotive industry requires critical fastening solutions and DC torque tools that provide the precise torque. Increasing automotive production is expected to drive the DC torque tool market in the near future.

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. Moreover, China and India are the major countries in APAC that are involved in the development of wind energy. According to the Global Wind Energy Council (GWEC), in 2016, China led the global wind market for 8 consecutive years and had the highest installed wind power capacity in 2016. Hence, with the growing industry of automotive, power, electronics and consumer appliances, APAC is expected to be the fastest-growing market for DC torque tools.

The key players in the market 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 (Hong Kong), Uryu Seisaku, Ltd. (Japan), and Gedore-Werkzeugfabrik GmbH & Co. KG (Germany).

Key Topics Covered:

1 Introduction
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

3 Executive Summary

4 Premium Insights
4.1 Electric Fastening Systems Market Opportunities
4.2 Handheld Electric Fastening Systems Market for Automotive Industry, By Power Source
4.3 Electric Fastening Systems Market for Electronics And Consumer Appliances Industry, By Type
4.4 Electric Fastening Systems Market in Apac, By Country And Industry
4.5 Electric Fastening Systems Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Value Chain Analysis
5.2.1 Components Dc Brushless Motors: Disruptive Innovation Lithium-Ion (Li-Ion) Batteries: Dynamic Opportunities in the Electric Fastening Tools 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 Electric Fastening Systems Market
5.5 Market Dynamics
5.5.1 Drivers Industry 4.0 Accelerates Adoption of Electric Fastening Tools Requirement of Specific Torque As Well As Flexible And Efficient Fastening Tools Growth in Sales of Commercial Vehicles
5.5.2 Restraints Unsuitability of Fastening Tools for Harsh Environments
5.5.3 Opportunities Lucrative Opportunity in Wind Energy Industry Smart Tools Are Gaining More Importance
5.5.4 Challenges Keeping Track of Electric Fastening Tools High Price And Strict Global Trade Regulations

6 Electric Fastening Systems Market, By Type
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 Electric Fastening Systems Market, By Power Source
7.1 Introduction
7.2 Corded Tools
7.3 Cordless Tools

8 Electric Fastening Systems Market, By Control System
8.1 Introduction
8.2 Transducer Control Tools
8.3 Current Control Tools

9 Electric Fastening Systems Market, By Industry
9.1 Introduction
9.2 Automotive
9.2.1 Original Equipment Manufacturers Passenger Vehicles 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

11 Competitive Landscape

  • Apex Tool Group, Llc
  • Atlas Copco Ab
  • Estic Corporation
  • Gedore-Werkzeugfabrik Gmbh & Co. Kg
  • Hilti Corporation
  • Hitachi Koki Co., Ltd.
  • Ingersoll-Rand Plc
  • Makita Corporation
  • Panasonic Corporation
  • Robert Bosch Gmbh
  • Stanley Black & Decker, Inc.
  • Techtronic Industries Co. Ltd. (Tti)
  • Uryu Seisaku, Ltd.

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