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Digital Torque Wrench Market - Global Industry Analysis

Digital Torque Wrench Market by Type (Ordinary Digital Torque Wrench and Connected Computer Digital Torque Wrench), and by Application (Automotive, Engineering & Machinery Manufacturing, Construction, Shipping & Aerospace and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019—2026

Published Date: 11-Feb-2020 Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-5223 Status : Published

The global demand for the digital torque wrench market in 2019 is approximately USD 1,324.0 Million and is anticipated to reach around USD 1,808.8 Million by 2026.

Description

The report encompasses the forecast as well as analysis of the digital torque wrench market on a global and regional level. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the digital torque wrench market report. 

We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the Digital Torque Wrench market in our study.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis of players.

The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the Digital Torque Wrench market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the Digital Torque Wrench market.

The study provides a decisive view of the digital torque wrench market by segmenting the market based on type, application and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The digital torque wrench is widely used in construction equipment across the world. A growing number of large and mini excavators, backhoe loaders, and various other heavy construction equipment especially developing countries such as China and India is driving the demand for the digital torque wrench products in the Asia Pacific region. In addition, growing demand for the digital torque wrenches in the road and concrete machinery such as rollers, asphalt pavers, and transit mixers used in the road development projects are expected to open alluring opportunities in the market in coming years.

The global digital torque wrench market is segmented on the basis of type, and application. On the basis of type, the market is divided into two major types as an ordinary digital torque wrench and connected computer digital torque wrench. The ordinary digital torque wrenches are available in every size ranges from small to large. In addition, as this torque wrench offers more accurate results it is expected to observe more applications for the automobile industry in the coming years. The application segment of the global digital torque wrench market is bifurcated into automotive, construction, engineering & machinery manufacturing, shipping & aerospace, and others.

Some of the noticeable players analyzed and profiled in the market study are Tohnichi America Corporation, Apex Tool Group, Hoffmann, Precision Instruments,  SCS Concept, Atlas Copco, Eastwood, Desoutter, BMS Ireland, ACDelco Tools, Hilmor, Asmith Hardware, Brown Line Metalworks, Stahlwille, Snap-on Incorporated, Gedore Torque Ltd. (Torqueleader), ATD Tools Inc., Facom (Stanley Black & Decker) Aimco and Crane Electronics Limited amongst others.

Global Digital Torque Wrench Market: Type Segment Analysis

  • Ordinary Digital Torque Wrench
  • Connected Computer Digital Torque Wrench

Global Digital Torque Wrench Market: Application Segment Analysis

  • Automotive
  • Engineering & Machinery Manufacturing
  • Construction
  • Shipping & Aerospace
  • Others

Global Digital Torque Wrench Market: Region Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • The Middle-East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle-East Africa

Key Pointers Addressed by the Report

  • Historical data and forecast analysis of the market
  • Drivers and Restraints affecting market dynamics
  • Exhaustive analysis about the future market trends
  • Comprehensive information about the leading market segments and regions
  • Potential opportunities for the players in the market
  • Business strategies by the major players operating in the global market
  • Strategic developments made by the competitive players and in-depth analysis about its impact on market growth

Table Of Content

  • CHAPTER 1.    Executive Summary
  • CHAPTER 2.    Digital Torque Wrenches market – Type Analysis
    • 2.1.    Global Digital Torque Wrenches Market – Type Overview
    • 2.2.    Global Digital Torque Wrenches Market Share, by Type, 2019 & 2026 (USD Million)
    • 2.3.    Ordinary
      • 2.3.1.    Global Ordinary Digital Torque Wrenches Market, 2016-2026 (USD Million)
    • 2.4.    Connected Computer
      • 2.4.1.    Global Connected Computer Digital Torque Wrenches Market, 2016-2026 (USD Million)
  • CHAPTER 3.    Digital Torque Wrenches market – Application Analysis
    • 3.1.    Global Digital Torque Wrenches Market – Application Overview
    • 3.2.    Global Digital Torque Wrenches Market Share, by Application, 2019 & 2026 (USD Million)
    • 3.3.    Automotive
      • 3.3.1.    Global Automotive Digital Torque Wrenches Market, 2016-2026 (USD Million)
    • 3.4.    Engineering & Machinery Manufacturing
      • 3.4.1.    Global Engineering & Machinery Manufacturing Digital Torque Wrenches Market, 2016-2026 (USD Million)
    • 3.5.    Construction
      • 3.5.1.    Global Construction Digital Torque Wrenches Market, 2016-2026 (USD Million)
    • 3.6.    Shipping & Aerospace
      • 3.6.1.    Global Shipping & Aerospace Digital Torque Wrenches Market, 2016-2026 (USD Million)
    • 3.7.    Others
      • 3.7.1.    Global Others Digital Torque Wrenches Market, 2016-2026 (USD Million)
  • CHAPTER 4.    Digital Torque Wrenches market – Regional Analysis
    • 4.1.    Global Digital Torque Wrenches Market Regional Overview
    • 4.2.    Global Digital Torque Wrenches Market Share, by Region, 2019 & 2026 (Value)
    • 4.3.    North America
      • 4.3.1.    North America Digital Torque Wrenches Market size and forecast, 2016-2026
      • 4.3.2.    North America Digital Torque Wrenches Market, by Country, 2019 & 2026 (USD Million)
      • 4.3.3.    North America Digital Torque Wrenches Market, by Type, 2016-2026
        • 4.3.3.1.    North America Digital Torque Wrenches Market, by Type, 2016-2026 (USD Million)
      • 4.3.4.    North America Digital Torque Wrenches Market, by Application, 2016-2026
        • 4.3.4.1.    North America Digital Torque Wrenches Market, by Application, 2016-2026 (USD Million)
      • 4.3.5.    U.S.
        • 4.3.5.1.    U.S. Market size and forecast, 2016-2026 (USD Million)
      • 4.3.6.    Canada
        • 4.3.6.1.    Canada Market size and forecast, 2016-2026 (USD Million)
    • 4.4.    Europe
      • 4.4.1.    Europe Digital Torque Wrenches Market size and forecast, 2016-2026
      • 4.4.2.    Europe Digital Torque Wrenches Market, by Country, 2019 & 2026 (USD Million)
      • 4.4.3.    Europe Digital Torque Wrenches Market, by Type, 2016-2026
        • 4.4.3.1.    Europe Digital Torque Wrenches Market, by Type, 2016-2026 (USD Million)
      • 4.4.4.    Europe Digital Torque Wrenches Market, by Application, 2016-2026
        • 4.4.4.1.    Europe Digital Torque Wrenches Market, by Application, 2016-2026 (USD Million)
      • 4.4.5.    Germany
        • 4.4.5.1.    Germany Market size and forecast, 2016-2026 (USD Million)
      • 4.4.6.    France
        • 4.4.6.1.    France Market size and forecast, 2016-2026 (USD Million)
      • 4.4.7.    U.K.
        • 4.4.7.1.    U.K. Market size and forecast, 2016-2026 (USD Million)
      • 4.4.8.    Italy
        • 4.4.8.1.    Italy Market size and forecast, 2016-2026 (USD Million)
      • 4.4.9.    Spain
        • 4.4.9.1.    Spain Market size and forecast, 2016-2026 (USD Million)
      • 4.4.10.    Rest of Europe
        • 4.4.10.1.    Rest of Europe Market size and forecast, 2016-2026 (USD Million)
    • 4.5.    Asia Pacific
      • 4.5.1.    Asia Pacific Digital Torque Wrenches Market size and forecast, 2016-2026
      • 4.5.2.    Asia Pacific Digital Torque Wrenches Market, by Country, 2019 & 2026 (USD Million)
      • 4.5.3.    Asia Pacific Digital Torque Wrenches Market, by Type, 2016-2026
        • 4.5.3.1.    Asia Pacific Digital Torque Wrenches Market, by Type, 2016-2026 (USD Million)
      • 4.5.4.    Asia Pacific Digital Torque Wrenches Market, by Application, 2016-2026
        • 4.5.4.1.    Asia Pacific Digital Torque Wrenches Market, by Application, 2016-2026 (USD Million)
      • 4.5.5.    China
        • 4.5.5.1.    China Market size and forecast, 2016-2026 (USD Million)
      • 4.5.6.    Japan
        • 4.5.6.1.    Japan Market size and forecast, 2016-2026 (USD Million)
      • 4.5.7.    India
        • 4.5.7.1.    India Market size and forecast, 2016-2026 (USD Million)
      • 4.5.8.    South Korea
        • 4.5.8.1.    South Korea Market size and forecast, 2016-2026 (USD Million)
      • 4.5.9.    South-East Asia
        • 4.5.9.1.    South-East Asia Market size and forecast, 2016-2026 (USD Million)
      • 4.5.10.    Rest of Asia Pacific
        • 4.5.10.1.    Rest of Asia Pacific Market size and forecast, 2016-2026 (USD Million)
    • 4.6.    Latin America
      • 4.6.1.    Latin America Digital Torque Wrenches Market size and forecast, 2016-2026
      • 4.6.2.    Latin America Digital Torque Wrenches Market, by Country, 2019 & 2026 (USD Million)
      • 4.6.3.    Latin America Digital Torque Wrenches Market, by Type, 2016-2026
        • 4.6.3.1.    Latin America Digital Torque Wrenches Market, by Type, 2016-2026 (USD Million)
      • 4.6.4.    Latin America Digital Torque Wrenches Market, by Application, 2016-2026
        • 4.6.4.1.    Latin America Digital Torque Wrenches Market, by Application, 2016-2026 (USD Million)
      • 4.6.5.    Brazil
        • 4.6.5.1.    Brazil Market size and forecast, 2016-2026 (USD Million)
      • 4.6.6.    Mexico
        • 4.6.6.1.    Mexico Market size and forecast, 2016-2026 (USD Million)
      • 4.6.7.    Rest of Latin America
        • 4.6.7.1.    Rest of Latin America Market size and forecast, 2016-2026 (USD Million)
    • 4.7.    The Middle-East and Africa
      • 4.7.1.    The Middle-East and Africa Digital Torque Wrenches Market size and forecast, 2016-2026
      • 4.7.2.    The Middle-East and Africa Digital Torque Wrenches Market, by Country, 2019 & 2026 (USD Million)
      • 4.7.3.    The Middle-East and Africa Digital Torque Wrenches Market, by Type, 2016-2026
        • 4.7.3.1.    The Middle-East and Africa Digital Torque Wrenches Market, by Type, 2016-2026 (USD Million)
      • 4.7.4.    The Middle-East and Africa Digital Torque Wrenches Market, by Application, 2016-2026
        • 4.7.4.1.    The Middle-East and Africa Digital Torque Wrenches Market, by Application, 2016-2026 (USD Million)
      • 4.7.5.    GCC Countries
        • 4.7.5.1.    GCC Countries Market size and forecast, 2016-2026 (USD Million)
      • 4.7.6.    South Africa
        • 4.7.6.1.    South Africa Market size and forecast, 2016-2026 (USD Million)
      • 4.7.7.    Rest of Middle-East Africa
        • 4.7.7.1.    Rest of Middle-East Africa Market size and forecast, 2016-2026 (USD Million)
  • CHAPTER 5.    Digital Torque Wrenches market – Competitive Landscape
    • 5.1.    Competitor Market Share – Revenue
    • 5.2.    Market Concentration Rate Analysis, Top 3 and Top 5 Players
    • 5.3.    Strategic Development
      • 5.3.1.    Acquisitions and Mergers
      • 5.3.2.    New Products
      • 5.3.3.    Research & Development Activities
  • CHAPTER 6.    Company Profiles
    • 6.1.    Snap-on Incorporated
      • 6.1.1.    Company Overview
      • 6.1.2.    Snap-on Incorporated Revenue and Gross Margin
      • 6.1.3.    Product portfolio
      • 6.1.4.    Recent initiatives
    • 6.2.    Gedore Torque Ltd. (Torqueleader)
      • 6.2.1.    Company Overview
      • 6.2.2.    Gedore Torque Ltd. (Torqueleader) Revenue and Gross Margin
      • 6.2.3.    Product portfolio
      • 6.2.4.    Recent initiatives
    • 6.3.    Tohnichi America Corporation
      • 6.3.1.    Company Overview
      • 6.3.2.    Tohnichi America Corporation Revenue and Gross Margin
      • 6.3.3.    Product portfolio
      • 6.3.4.    Recent initiatives
    • 6.4.    Apex Tool Group, LLC
      • 6.4.1.    Company Overview
      • 6.4.2.    Apex Tool Group, LLC Revenue and Gross Margin
      • 6.4.3.    Product portfolio
      • 6.4.4.    Recent initiatives
    • 6.5.    Crane Electronics Limited
      • 6.5.1.    Company Overview
      • 6.5.2.    Crane Electronics Limited Revenue and Gross Margin
      • 6.5.3.    Product portfolio
      • 6.5.4.    Recent initiatives
    • 6.6.    SCS Concept
      • 6.6.1.    Company Overview
      • 6.6.2.    SCS Concept Revenue and Gross Margin
      • 6.6.3.    Product portfolio
      • 6.6.4.    Recent initiatives
    • 6.7.    Atlas Copco
      • 6.7.1.    Company Overview
      • 6.7.2.    Atlas Copco Revenue and Gross Margin
      • 6.7.3.    Product portfolio
      • 6.7.4.    Recent initiatives
    • 6.8.    Eastwood
      • 6.8.1.    Company Overview
      • 6.8.2.    Eastwood Revenue and Gross Margin
      • 6.8.3.    Product portfolio
      • 6.8.4.    Recent initiatives
    • 6.9.    Desoutter
      • 6.9.1.    Company Overview
      • 6.9.2.    Desoutter Revenue and Gross Margin
      • 6.9.3.    Product portfolio
      • 6.9.4.    Recent initiatives
    • 6.10.    BMS Ireland
      • 6.10.1.    Company Overview
      • 6.10.2.    BMS Ireland Revenue and Gross Margin
      • 6.10.3.    Product portfolio
      • 6.10.4.    Recent initiatives
    • 6.11.    ACDelco Tools
      • 6.11.1.    Company Overview
      • 6.11.2.    ACDelco Tools Revenue and Gross Margin
      • 6.11.3.    Product portfolio
      • 6.11.4.    Recent initiatives
    • 6.12.    Hilmor
      • 6.12.1.    Company Overview
      • 6.12.2.    Hilmor Revenue and Gross Margin
      • 6.12.3.    Product portfolio
      • 6.12.4.    Recent initiatives
    • 6.13.    Asmith Hardware
      • 6.13.1.    Company Overview
      • 6.13.2.    Asmith Hardware Revenue and Gross Margin
      • 6.13.3.    Product portfolio
      • 6.13.4.    Recent initiatives
    • 6.14.    Brown Line Metalworks
      • 6.14.1.    Company Overview
      • 6.14.2.    Brown Line Metalworks Revenue and Gross Margin
      • 6.14.3.    Product portfolio
      • 6.14.4.    Recent initiatives
    • 6.15.    Stahlwille
      • 6.15.1.    Company Overview
      • 6.15.2.    Stahlwille Revenue and Gross Margin
      • 6.15.3.    Product portfolio
      • 6.15.4.    Recent initiatives
    • 6.16.    Hoffmann
      • 6.16.1.    Company Overview
      • 6.16.2.    Hoffmann Revenue and Gross Margin
      • 6.16.3.    Product portfolio
      • 6.16.4.    Recent initiatives
    • 6.17.    Precision Instruments
      • 6.17.1.    Company Overview
      • 6.17.2.    Precision Instruments Revenue and Gross Margin
      • 6.17.3.    Product portfolio
      • 6.17.4.    Recent initiatives
    • 6.18.    ATD Tools Inc.
      • 6.18.1.    Company Overview
      • 6.18.2.    ATD Tools Inc. Revenue and Gross Margin
      • 6.18.3.    Product portfolio
      • 6.18.4.    Recent initiatives
    • 6.19.    Facom (Stanley Black & Decker)
      • 6.19.1.    Company Overview
      • 6.19.2.    Facom (Stanley Black & Decker) Revenue and Gross Margin
      • 6.19.3.    Product portfolio
      • 6.19.4.    Recent initiatives
    • 6.20.    Aimco
      • 6.20.1.    Company Overview
      • 6.20.2.    Aimco Revenue and Gross Margin
      • 6.20.3.    Product portfolio
      • 6.20.4.    Recent initiatives
  • CHAPTER 7.    Digital Torque Wrenches — Industry Analysis
    • 7.1.    Digital Torque Wrenches Market – Key Trends
      • 7.1.1.    Market Drivers
      • 7.1.2.    Market Restraints
      • 7.1.3.    Market Opportunities
    • 7.2.    Value Chain Analysis
    • 7.3.    Technology Roadmap and Timeline
    • 7.4.    Digital Torque Wrenches Market – Attractiveness Analysis
      • 7.4.1.    By Type
      • 7.4.2.    By Application
      • 7.4.3.    By Region
  • CHAPTER 8.    Marketing Strategy Analysis, Distributors
    • 8.1.    Marketing Channel
    • 8.2.    Direct Marketing
    • 8.3.    Indirect Marketing
    • 8.4.    Marketing Channel Development Trend
    • 8.5.    Economic/Political Environmental Change
  • CHAPTER 9.    Report Conclusion
  • CHAPTER 10.    Research Approach & Methodology
    • 10.1.    Report Description
    • 10.2.    Research Scope
    • 10.3.    Research Methodology
      • 10.3.1.    Secondary Research
      • 10.3.2.    Primary Research
      • 10.3.3.    Models
        • 10.3.3.1.    Company Share Analysis Model
        • 10.3.3.2.    Revenue Based Modeling
        • 10.3.3.3.    Research Limitations

List Of Figure

FIG. 1 Global Digital Torque Wrenches Market, 2016-2026 (USD Million)
FIG. 2 Global Digital Torque Wrenches Market Share, by Type, 2019 & 2026 (USD Million)
FIG. 3 Global Ordinary  Digital Torque Wrenches Market, 2016-2026 (USD Million)
FIG. 4 Global Connected Computer  Digital Torque Wrenches Market, 2016-2026 (USD Million)
FIG. 5 Global Digital Torque Wrenches Market Share, by Application, 2019 & 2026 (USD Million)
FIG. 6 Global Automotive Digital Torque Wrenches Market, 2016-2026 (USD Million)
FIG. 7 Global Engineering & Machinery Manufacturing Digital Torque Wrenches Market, 2016-2026 (USD Million)
FIG. 8 Global Construction Digital Torque Wrenches Market, 2016-2026 (USD Million)
FIG. 9 Global Shipping & Aerospace Digital Torque Wrenches Market, 2016-2026 (USD Million)
FIG. 10 Global Others Digital Torque Wrenches Market, 2016-2026 (USD Million)
FIG. 11 Global Digital Torque Wrenches Market Share, by Region, 2019 & 2026
FIG. 12 North America Digital Torque Wrenches Market, 2016-2026
FIG. 13 U.S. Digital Torque Wrenches Market, 2016-2026
FIG. 14 Canada Digital Torque Wrenches Market, 2016-2026
FIG. 15 Europe Digital Torque Wrenches Market, 2016-2026
FIG. 16 Germany Digital Torque Wrenches Market, 2016-2026
FIG. 17 France Digital Torque Wrenches Market, 2016-2026
FIG. 18 U.K. Digital Torque Wrenches Market, 2016-2026
FIG. 19 Italy Digital Torque Wrenches Market, 2016-2026
FIG. 20 Spain Digital Torque Wrenches Market, 2016-2026
FIG. 21 Rest of Europe Digital Torque Wrenches Market, 2016-2026
FIG. 22 Asia Pacific Digital Torque Wrenches Market, 2016-2026
FIG. 23 China Digital Torque Wrenches Market, 2016-2026
FIG. 24 Japan Digital Torque Wrenches Market, 2016-2026
FIG. 25 India Digital Torque Wrenches Market, 2016-2026
FIG. 26 South  Korea Digital Torque Wrenches Market, 2016-2026
FIG. 27 South-East Asia Digital Torque Wrenches Market, 2016-2026
FIG. 28 Rest of Asia Pacific Digital Torque Wrenches Market, 2016-2026
FIG. 29 Latin America Digital Torque Wrenches Market, 2016-2026
FIG. 30 Brazil Digital Torque Wrenches Market, 2016-2026
FIG. 31 Mexico Digital Torque Wrenches Market, 2016-2026
FIG. 32 Rest of Latin America Digital Torque Wrenches Market, 2016-2026
FIG. 33 The Middle-East and Africa Digital Torque Wrenches Market, 2016-2026
FIG. 34 GCC Countries Digital Torque Wrenches Market, 2016-2026
FIG. 35 South Africa Digital Torque Wrenches Market, 2016-2026
FIG. 36 Rest of Middle-East Africa Digital Torque Wrenches Market, 2016-2026
FIG. 37 Competitor Market Share – Revenue
FIG. 38 Snap-on Incorporated Revenue and Growth Rate
FIG. 39 Snap-on Incorporated Market Share
FIG. 40 Gedore Torque Ltd. (Torqueleader) Revenue and Growth Rate
FIG. 41 Gedore Torque Ltd. (Torqueleader) Market Share
FIG. 42 Tohnichi America Corporation Revenue and Growth Rate
FIG. 43 Tohnichi America Corporation Market Share
FIG. 44 Apex Tool Group, LLC Revenue and Growth Rate
FIG. 45 Apex Tool Group, LLC Market Share
FIG. 46 Crane Electronics Limited Revenue and Growth Rate
FIG. 47 Crane Electronics Limited Market Share
FIG. 48 SCS Concept Revenue and Growth Rate
FIG. 49 SCS Concept Market Share
FIG. 50 Atlas Copco Revenue and Growth Rate
FIG. 51 Atlas Copco Market Share
FIG. 52 Eastwood Revenue and Growth Rate
FIG. 53 Eastwood Market Share
FIG. 54 Desoutter Revenue and Growth Rate
FIG. 55 Desoutter Market Share
FIG. 56 BMS Ireland Revenue and Growth Rate
FIG. 57 BMS Ireland Market Share
FIG. 58 ACDelco Tools Revenue and Growth Rate
FIG. 59 ACDelco Tools Market Share
FIG. 60 Hilmor Revenue and Growth Rate
FIG. 61 Hilmor Market Share
FIG. 62 Asmith Hardware Revenue and Growth Rate
FIG. 63 Asmith Hardware Market Share
FIG. 64 Brown Line Metalworks Revenue and Growth Rate
FIG. 65 Brown Line Metalworks Market Share
FIG. 66 Stahlwille Revenue and Growth Rate
FIG. 67 Stahlwille Market Share
FIG. 68 Hoffmann Revenue and Growth Rate
FIG. 69 Hoffmann Market Share
FIG. 70 Precision Instruments Revenue and Growth Rate
FIG. 71 Precision Instruments Market Share
FIG. 72 ATD Tools Inc. Revenue and Growth Rate
FIG. 73 ATD Tools Inc. Market Share
FIG. 74 Facom (Stanley Black & Decker) Revenue and Growth Rate
FIG. 75 Facom (Stanley Black & Decker) Market Share
FIG. 76 Aimco Revenue and Growth Rate
FIG. 77 Aimco Market Share
FIG. 78 Market Dynamics
FIG. 79 Global Digital Torque Wrenches – Value Chain Analysis
FIG. 80 Technology Roadmap and Timeline
FIG. 81 Market Attractiveness Analysis – By Type
FIG. 82 Market Attractiveness Analysis – By Application
FIG. 83 Market Attractiveness Analysis – By Region
FIG. 84 Market Channel
FIG. 85 Marketing Channel Development Trend
FIG. 86 Growth in World Gross Product, 2008-2018
 


List Of Table

TABLE 1 Global Digital Torque Wrenches Market, 2019 & 2026 (USD Million)
TABLE 2 Global Digital Torque Wrenches market, by Type, 2016-2026 (USD Million)
TABLE 3 Global Digital Torque Wrenches market, by Application, 2016-2026 (USD Million)
TABLE 4 Global Digital Torque Wrenches market, by Region, 2016-2026 (USD Million)
TABLE 5 North America Digital Torque Wrenches Market, by Type, 2016-2026 (USD Million)
TABLE 6 North America Digital Torque Wrenches Market, by Application, 2016-2026 (USD Million)
TABLE 7 Europe Digital Torque Wrenches Market, by Type, 2016-2026 (USD Million)
TABLE 8 Europe Digital Torque Wrenches Market, by Application, 2016-2026 (USD Million)
TABLE 9 Asia Pacific Digital Torque Wrenches Market, by Type, 2016-2026 (USD Million)
TABLE 10 Asia Pacific Digital Torque Wrenches Market, by Application, 2016-2026 (USD Million)
TABLE 11 Latin America Digital Torque Wrenches Market, by Type, 2016-2026 (USD Million)
TABLE 12 Latin America Digital Torque Wrenches Market, by Application, 2016-2026 (USD Million)
TABLE 13 The Middle-East and Africa Digital Torque Wrenches Market, by Type, 2016-2026 (USD Million)
TABLE 14 The Middle-East and Africa Digital Torque Wrenches Market, by Application, 2016-2026 (USD Million)
TABLE 15 Global Digital Torque Wrenches Market - Company Revenue Analysis 2015-2018 (USD Million)
TABLE 16 Global Digital Torque Wrenches Market - Company Revenue Share Analysis 2015-2018(%)
TABLE 17 Acquisitions and Mergers
TABLE 18 New Product/Service Launch
TABLE 19 Research & Development Activities
TABLE 20 Market Drivers
TABLE 21 Market Restraints
TABLE 22 Market Opportunities

Methodology

Free Analysis

Key Insights from Primary Research

  • As per our primary respondents, the global digital torque wrenches is set to grow annually at a rate of around 4%
  • It was established through primary research that the digital torque wrenches market was valued at around USD 1300 Million in 2019
  • Asia Pacific leads the global digital torque wrenches market in 2019 and also predicted to grow with the highest CAGR.
  • The ordinary digital torque wrench type segment accounted for the largest share and is predicted to continue its dominance with 60% in 2026.
  • Based on application, automotive application segment accounted largest revenue share in 2019

Key Recommendations from Analysts

  • As per our analysts, the global digital torque wrenches market is set to grow with a CAGR OF 4.6% form the years 2020 to 2026.
  • Automotive and engineering & machinery manufacturing is expected to be a key driving factor for the global digital torque wrenches market in the analysis period.
  • Our team of analysts has identified, connected computer digital torque wrench segment is expected to be the fastest-growing type segment for global digital torque wrenches market owing to as the connected computer digital torque wrench software plays a vital role in providing accurate results and inspection.
  • In recent years, product offering through attractive feature and quality is expected to be the key business strategy for the market participants in the near future
  • Snap -on Incorporation, Facom, Apex Tool Group, and Atlas Capco are some of the key players to watch in the analysis period.

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