Torque Tool Market Size, Industry Outlook and Growth, 2019-2024

Torque Market 2019-2024

Torque tools which include torque screwdrivers, torque wrenches, and torque multipliers and torque meters.
Currently, there are several players in the SEAK Torque market, such as Facom, Proto, Stahlwille, Tonichi, King Tony, Gedore, etc.

The consumption revenue of SEAK Torque Market is about 35 mil USD and the sales are about 162587 units in 2016.

Korea is the largest consumption of SEAK Torque Market, with a sales revenue market share nearly 34.71% in 2016. The second place is Indonesia with the sales revenue market share over 24.54% in 2016.

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Mechanical torque wrench occupies the main share, but Electronic Torque wrench will occupy more.

The largest application is Automotive – Repair & Aftermarket in 2016, and Automotive – Manufacturing application is growing fast.

According to this study, over the next five years, the Torque market will register a –% CAGR in terms of revenue, the global market size will reach US$ $$ million by 2024, from US$ $$ million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Torque business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Torque market by product type, application, key manufacturers and key regions and countries.

This study considers the Torque value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Adjustable Click
Preset Click
Electronic Torque
Torque Testers
Screwdriver Torque
Dial Torque
Torque Multipliers
Interchangeable Heads

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Aviation & Aerospace
Oil & Gas
Power Generation
Automotive–Manufacturing
Automotive–Repair & Aftermarket
Heavy Duty Equipment & Engines

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

America
APAC
Europe
Middle East & Africa

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The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.

Facom
Proto
Stahlwille
Tohnichi
King Tony
Gedore

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the Global Torque consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Torque market by identifying its various sub-segments.
Focuses on the key global Torque manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in the next few years.
To analyze the Torque with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Torque submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Content Covers the Topics mentioned below

2019-2024 Global Torque Tool Consumption Market Report

1 Scope of the Report
2 Executive Summary
3 Global Torque Tool by Players
4 Torque Tool by Regions
5 Americas Market
6 APAC Market
7 Europe Market
8 Middle East & Africa Market
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Torque Tool Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion

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