Torque Wrench Market Size, Share & Trends Analysis Report by Application, by Region (North America, Europe, APAC, MEA), Segment Forecasts, And COVID-19 Impacts, 2014 – 2027

Research Reports

Jan 26, 2021

The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. The report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers and restraining factors which will define the future growth of the Torque Wrench market.

Indirect marketing, also means distribution, is an important supplement of direct marketing. Today, in certain consumer goods industry, distribution has been the major marketing channel. Through sign specific contact with the professional retailers, manufacturers can get more orders without extra cost on marketing. Certainly, the distributors will occupy part profit among the marketing of products. When the manufacturers entered into a target market, find some professional distributors can be useful. These distributors have a clearer sense of the local market.The most prominent feature of modern marketing is the e-commerce. E-commerce is the buying and selling of goods and services over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business. As the fast development of internet technology, E-commerce is becoming more and more popular. Most manufacturers have built their sales website or operated an official sales store in the ecommerce platform. E-commerce can decrease the investment on solid stores and manufacturers can get the market sales conditions easily as the sales data can be counted easily.

  A torque wrench is a tool used to precisely apply a specific torque to a fastener such as a nut or bolt. It is usually in the form of a socket wrench with special internal mechanisms.  A torque wrench is used where the tightness of screws and bolts is crucial. It allows the operator to measure the torque applied to the fastener so it can be matched to the specifications for a particular application. This permits proper tension and loading of all parts. A torque wrench measures torque as a proxy for bolt tension. The technique suffers from inaccuracy due to inconsistent or uncalibrated friction between the fastener and its mating hole. Measuring bolt tension (bolt stretch) is more accurate but often torque is the only practical means of measurement.

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Major industry players’ market share, revenue, company profile, and SWOT analysis are covered in the Torque Wrench market research report. In the future, production and consumption are estimated to develop stately. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.
Major companies analyzed in this report are:
Proto
Park Tool
Jinan Hanpu
FACOM
Precision Instruments
Mountz
Primo Tools
Armstrong
Snap-on (CDI)
TEKTON
Tohnichi
TONE
K-Tool
Hytorc
SATA Tools
Powermaster
Craftsman
Plarad
Norbar
Enerpac

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Application Synopsis
The Torque Wrench Market by Application are:
Automotive
Engineering & Construction
Shipping & Aerospace
Other

Segmentation on the Basis of Type:
Manual Torque Wrench
Pneumatic Torque Wrench
Electronic Torque Wrench

Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Torque Wrench Market

2 Market Trends and Competitive Landscape
3 Segmentation of Torque Wrench Market by Types
4 Segmentation of Torque Wrench Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Torque Wrench Market in Major Countries
7 North America Torque Wrench Landscape Analysis
8 Europe Torque Wrench Landscape Analysis
9 Asia Pacific Torque Wrench Landscape Analysis
10 Latin America, Middle East & Africa Torque Wrench Landscape Analysis 
11 Major Players Profile

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Torque Wrench Market: Region Outlook
North America (U.S., Canada, Mexico) Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe) Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific) Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries) Others

Report Key Audience
Torque Wrench manufacturers
Downstream vendors and end-users
Traders, distributors, and resellers of Torque Wrench
Torque Wrench industry associations and research organizations
Product managers, Torque Wrench industry administrator, C-level executives of the industries
Market Research and consulting firms

Torque Wrench Report Provide:
Potential opportunities and challenges analysis in Torque Wrench market.
Current and future market outlook in the developed and emerging regional markets.
Detailed analysis of the segment that is expected to dominate the market.
Regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
Comprehensive & in-depth research and after-sales warranty by Global Market Monitor.
Analysis of Influences of COVID-19 to the present and future Torque Wrench market and related industry.

About Global Market Monitor
Global Market Monitor is a professional modern consulting company, engaged in three major business categories such as market research services, business advisory, technology consulting.
We always maintain the win-win spirit, reliable quality and the vision of keeping pace with The Times, to help enterprises achieve revenue growth, cost reduction, and efficiency improvement, and significantly avoid operational risks, to achieve lean growth. Global Market Monitor has provided professional market research, investment consulting, and competitive intelligence services to thousands of organizations, including start-ups, government agencies, banks, research institutes, industry associations, consulting firms, and investment firms.
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