Torque Wrench Market | Industry Significance, Trends, Analysis, Review and Forecast 2018
This report studies the global Torque Wrench market status and forecast, categorizes the global Torque Wrench market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).
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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.
Indirect marketing, also means distribution, is an important supplement of direct marketing. Today, in certain consumer goods industry, distribution has been the major marketing channel. Through sign specific contact with the professional retailers, manufacturers can get more orders without extra cost on marketing. Certainly, the distributors will occupy part profit among the marketing of products.
When the manufacturers entered into a target market, find some professional distributors can be useful. These distributors have a clearer sense of the local market.
The most prominent feature of modern marketing is the e-commerce. E-commerce is the buying and selling of goods and services over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
As the fast development of internet technology, E-commerce is becoming more and more popular. Most manufacturers have built their sales website or operated an official sales store in the ecommerce platform. E-commerce can decrease the investment on solid stores and manufacturers can get the market sales conditions easily as the sales data can be counted easily.
The global Torque Wrench market is valued at 5930 million US$ in 2017 and will reach 8250 million US$ by the end of 2025, growing at a CAGR of 4.2% during 2018-2025.
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The major manufacturers covered in this report
• 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
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India
We can also provide the customized separate regional or country-level reports, for the following regions:
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Singapore
• Rest of Asia-Pacific
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Rest of Europe
• Central & South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• Turkey
• Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Manual Torque Wrench
• Pneumatic Torque Wrench
• Electronic Torque Wrench
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Automotive
• Engineering & Construction
• Shipping & Aerospace
• Other
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