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.
This report contains market size and forecasts of Torque Wrench in global, including the following market information:
Global Torque Wrench Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Torque Wrench Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Torque Wrench companies in 2021 (%)
The global Torque Wrench market was valued at 298.4 million in 2021 and is projected to reach US$ 438.3 million by 2028, at a CAGR of 5.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Manual Torque Wrench Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Torque Wrench include Snap-on (CDI), Norbar, Proto, TONE, Tohnichi, Enerpac, TEKTON, FACOM and SATA Tools, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Torque Wrench manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Torque Wrench Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Torque Wrench Market Segment Percentages, by Type, 2021 (%)
Manual Torque Wrench
Pneumatic Torque Wrench
Electronic Torque Wrench
Global Torque Wrench Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Torque Wrench Market Segment Percentages, by Application, 2021 (%)
Automotive
Engineering and Construction
Shipping and Aerospace
Others
Global Torque Wrench Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Torque Wrench Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Torque Wrench revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Torque Wrench revenues share in global market, 2021 (%)
Key companies Torque Wrench sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Torque Wrench sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Snap-on (CDI)
Norbar
Proto
TONE
Tohnichi
Enerpac
TEKTON
FACOM
SATA Tools
Armstrong
Precision Instruments
Craftsman
Powermaster
Hytorc
Plarad
Mountz
K-Tool
Primo Tools
Park Tool
Jinan Hanpu