Automotive Torque Tools Market Size, Growth Analysis, Opportunities, Business Outlook and Forecast to 2025
Automotive torque tools market plays a significant role in the growth of the global auto sector owing to the ease of operation, speed, smooth handling ability as well as extreme reliability of these tools. Increasing technological advancements in the automobile market and gradually rising vehicle sales imply a probable hike in the demand for automotive tools & equipment to address maintenance needs. Driven by growing design complexities in vehicle engines, which require precise torque settings to tighten components, automotive torque tools industry is expected to witness substantial gains in coming years.
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.
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Recently Ingersoll Rand introduced a host of pneumatic tools application across different business segments, including auto manufacturing. These products included effective torque wrenches designed for maximum torque during fastening and are targeting use in hazardous working environments. Similar efforts taken by other tool manufacturers to cater to the growing need for automobile assembly, repair and maintenance applications will fuel automotive torque tools market expansion. Global vehicle production had surpassed the 95.6 million mark in 2018, indicating the massive customer base for automotive tools.
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.
Innovative trends in material usage to design and manufacture automotive tools with enhanced reliability and efficiency in bolt fastening applications have transformed automotive torque tools market dynamics. The International Organization for Standardization (ISO) and other administrative bodies have proposed certain guidelines with respect to design, quality, calibration and measurements of tools to control quality and performance. As these regulations keep updating and standards evolve to keep pace with the changing auto sector, there would be consistent advancement of torque tools deployed in the automotive sector.
Owing to continuous rise in the production of vehicles and the necessity of torque tools in manufacturing and maintenance, automotive torque tools industry is poised to register a notable growth in the coming years. Key players coming up with new and innovative products include Atlas Capco, Ingersoll Rand, Torcstar, Enerpac, GEDORE and Tekton. Reports estimated that global automotive torque tools market will exceed an annual valuation of US$1.2 billion by 2025.
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Partial Chapter of the Table of Content
Chapter 4. Automotive Torque Tools Market, By Tools
4.1. Global market share by tools, 2018 & 2025
4.2. Torque screwdrivers
4.2.1. Global market estimates and forecasts, 2013 – 2025
4.2.2. Market estimates and forecast, by region, 2013 – 2025
4.3. Torque wrench
4.3.1. Global market estimates and forecasts, 2013 – 2025
4.3.2. Market estimates and forecast, by region, 2013 – 2025
4.4. Torque multiplier
4.4.1. Global market estimates and forecasts, 2013 – 2025
4.4.2. Market estimates and forecast, by region, 2013 – 2025
4.5. Nutrunner
4.5.1. Global market estimates and forecasts, 2013 – 2025
4.5.2. Market estimates and forecast, by region, 2013 – 2025
Chapter 5. Automotive Torque Tools Market, By Operating Mechanism
5.1. Global market share by operating mechanism, 2018 & 2025
5.2. Manual
5.2.1. Global market estimates and forecasts, 2013 – 2025
5.2.2. Market estimates and forecast, by region, 2013 – 2025
5.3. Pneumatic
5.3.1. Global market estimates and forecasts, 2013 – 2025
5.3.2. Market estimates and forecast, by region, 2013 – 2025
5.4. Electronic
5.4.1. Global market estimates and forecasts, 2013 – 2025
5.4.2. Automotive torque tools market estimates and forecast, by region, 2013 – 2025
5.5. Hydraulic
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