Automotive torque tools market is expected to witness substantial gains in coming years. Increasing complexities in advanced automobile assemblies is driving automotive torque tools industry outlook over the last few years. Continuous enhancement of the existing torque tools to improve performance along with rising automobile production have emerged as the most critical factors in ensuring rapid product penetration across various geographies.
The development of battery-powered torque tools which are able to operate in adverse conditions has been instrumental in expanding automotive torque tools industry share. These electric tools enable users to fasten critical joints safely, accurately, and rapidly. Moreover, increasing pace of technology advancement owing to sizeable investments in R&D activities is further helping the product to reach a wider consumer base.
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When it comes to the types of automotive torque tools, it is imperative to take note of the popularity garnered by cordless torque tools which enhance the assembly process with diligent tracking mechanisms. Numerous major automotive torque tool manufacturers are launching new lightweight and compact cordless tools that provide high accuracy and ease of handling. A commendable instance of the new breed of cordless torque tools is the expanded version of Ingersoll Rand’s QX Series™ power tools.
These power tools apparently complement the existing range of Haz Tools, precision screwdrivers, and low-torque angle wrenches which cover high-torque applications. Apart from the new product range launched by Ingersoll Rand, there are many other firms that are involved in manufacturing highly efficient cordless torque tools – a factor that would strengthen the competitive hierarchy and assist automotive torque tools market share to expand at a rapid pace.
In terms of geographical expansion, the Asia Pacific region is emerging as one of the most profitable growth terrains likely to drive overall automotive torque tools market size in the forecast years. Presence of leading automakers across the region along with increasing vehicle production and sales have been instrumental in accelerating the product demand. Home to around 3.9 billion people, the Asia Pacific region has been registering enormous economic growth over the past few years – a significant factor that has consequentially boosted the fortunes of the automotive sector.
As the auto sector evolves in the near future, the necessity of incorporating torque tools would certainly increase in the manufacturing and maintenance of new-age vehicles. The industry players such as Enerpac, Rad Torque Systems, Tekton, Atlas Copco, Torcstar, Norbar, Ingersoll Rand PLC, and GEDORE Werkzeugfabrik GMBH & Co. KG are focusing on advancing the existing technology which would drive the growth prospects of automotive torque tools market.
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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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