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Automotive Torque Tools Market Share

  • Report ID: GMI3311
  • Published Date: Jun 2019
  • Report Format: PDF
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Automotive Torque Tools Market Share

The notable industry players in the automotive torque tool market size include:

  • Norbar
  • Rad Torque Systems
  • Ingersoll Rand PLC
  • Atlas Copco AB
  • Shingare Industries
  • Enerpac Co. Ltd.
  • TONE CO., LTD
  • Torque Master Tools Private LTD
  • YOKOTA & RED ROOSTER

Merger & acquisition and product portfolio expansion and are among the key strategies adopted by industry participants. For instance, in May 2017, Snap-on Incorporated announced the acquisition of Norbar Torque Tools Ltd that enabled company to enhance its existing automotive torque offerings, especially in powered torque products.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of automotive torque tools was over USD 870 million in 2018.

The industry share of automotive torque tools is estimated to grow at a CAGR of 5.5% from 2019 to 2025.

Increasing complexities of automobile engines, as they strive to offer enhanced efficiency and performance, needs precise torque applications, which is driving the market demand.

Owing to increasing automobile production in the region due to the higher concentration of automobile manufacturers like Honda, Toyota, and Suzuki, APAC is set to emerge as a major growth provider for the industry.

The notable industry players include Norbar, Rad Torque Systems, Ingersoll Rand PLC, Atlas Copco AB, Shingare Industries, and Enerpac Co. Ltd.

Attributing to benefits like lower pressure requirements, quick operations, and easier handling offered by electronic torque tools, the segment is projected to witness over 6% CAGR through 2025.

Automotive Torque Tools Market Scope

  • Automotive Torque Tools Market Size
  • Automotive Torque Tools Market Analysis
  • Automotive Torque Tools Market Share

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    Premium Report Details

    • Base Year: 2018
    • Companies covered: 19
    • Tables & Figures: 396
    • Countries covered: 25
    • Pages: 250
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