Market Overview:
The global corded DC torque tool market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The handheld tools segment is expected to dominate the market in terms of revenue share, followed by the fixtured tools segment. The aerospace application segment is expected to be the fastest-growing application segment during the forecast period, followed by the energy and shipbuilding segments. In terms of region, North America is projected to lead the global corded DC torque tool market in terms of revenue share during 2018-2030.
Product Definition:
A corded DC torque tool is a type of power tool that uses direct current (DC) to create rotational force. This type of tool is often used for tightening or loosening bolts and screws, as it can generate high levels of torque. Corded DC torque tools are important for many industrial and construction applications, as they can help speed up the process of securing or releasing hardware.
Handheld Tools:
Handheld tools are widely used in the automotive industry for various purposes such as maintenance and repair. The global handheld tools market is expected to witness significant growth over the forecast period owing to its ability of performing a wide range of operations with high efficiency.
The torque tool has become an essential part of automobile maintenance due to its ability to deliver precise torque measurement that is required for fastening.
Fixtured Tools:
Fixtured tools are manufactured to fit specific fasteners and are used in various applications such as assembly of printed circuit boards. The torque required to tighten the bolts is normally higher than that required for unscrewing the bolts. Fixtured torque tools have high accuracy and repeatability due to their precision-machined aluminum bodies, which also help in providing longer life compared with other regular hand-held torque wrenches available in the market.
Application Insights:
The aerospace application segment accounted for the largest revenue share of over 30% in 2017. The growth is attributed to the increasing use of corded DC torque tools in various applications, such as fasteners for aircraft interiors and exteriors, nuts and bolts for an extensive range of aircraft components including seats, walls, ceiling panels, door panels and frames on account of their high corrosion resistance.
The electronics & consumer appliances segment is expected to expand at a CAGR exceeding 7% from 2018 to 2030 owing to rapidly growing demand from countries like India China South Korea Japan Taiwan Australia Mexico that are leading the global consumption trends. In addition, rapid urbanization coupled with rising disposable income has resulted in increased spending on home appliances including refrigerators washing machines dryers which have been fueling product demand across this sector globally.
Regional Analysis:
Asia Pacific corded DC torque tool market is expected to grow at a significant rate over the forecast period. The growth can be attributed to the increasing demand for cost-effective and efficient tools in countries such as China, India, Japan, and South Korea. In addition, rising investments by governments in infrastructure development are anticipated to fuel product demand over the next eight years.
The Asia Pacific region is characterized by rapidly growing economies that have led to increased disposable income of consumers coupled with high levels of purchasing power parity per capita across countries such as China and India. These factors are expected drive regional product demand over the forecast period. Furthermore, rapid industrialization has resulted in an increase in foreign direct investment (FDI) along with technological collaboration between companies based out of Asia Pacific region thus leading to greater adoption of corded DC torque tools across industries including aerospace manufacturing; automotive; energy; construction equipment manufacturing; electronics assembly etc.
Growth Factors:
- Increasing demand for corded DC torque tool in automotive and aerospace industry for tightening and loosening of screws, bolts, and nuts.
- Rising demand from construction and manufacturing sector for various applications such as tightening of screws, bolts, nuts etc.
- Growing popularity of corded DC torque tool among DIY enthusiasts and home users due to its high performance and versatility.
- Technological advancements in the design of corded DC torque tool that offers better user experience with enhanced features such as LED light indication, variable speed control etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Corded DC Torque Tool Market Research Report
By Type
Handheld Tools, Fixtured Tools
By Application
Aerospace, Electronics and Consumer Appliances, Energy, Shipbuilding, Others
By Companies
Atlas Copco AB (Sweden), Robert Bosch GmbH (Germany), Stanley Black & Decker, Inc. (US), Apex Tool Group, LLC (US), Ingersoll Rand plc (Ireland), Hilti Corporation (Liechtenstein), Makita Corporation (Japan), Techtronic Industries Company Limited (Japan), Uryu Seisaku, Ltd. (Japan), Atlas Copco AB (Sweden)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Corded DC Torque Tool Market Report Segments:
The global Corded DC Torque Tool market is segmented on the basis of:
Types
Handheld Tools, Fixtured Tools
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Electronics and Consumer Appliances, Energy, Shipbuilding, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Atlas Copco AB (Sweden)
- Robert Bosch GmbH (Germany)
- Stanley Black & Decker, Inc. (US)
- Apex Tool Group, LLC (US)
- Ingersoll Rand plc (Ireland)
- Hilti Corporation (Liechtenstein)
- Makita Corporation (Japan)
- Techtronic Industries Company Limited (Japan)
- Uryu Seisaku, Ltd. (Japan)
- Atlas Copco AB (Sweden)
Highlights of The Corded DC Torque Tool Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Handheld Tools
- Fixtured Tools
- By Application:
- Aerospace
- Electronics and Consumer Appliances
- Energy
- Shipbuilding
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Corded DC Torque Tool Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A corded DC torque tool is a power tool that uses electricity to apply torque to fasteners. It is similar in function to a hand-held drill, but has an attached cord that allows the user to move the tool around easily. This makes it ideal for use on tight spaces or difficult-to-reach areas.
Some of the major players in the corded dc torque tool market are Atlas Copco AB (Sweden), Robert Bosch GmbH (Germany), Stanley Black & Decker, Inc. (US), Apex Tool Group, LLC (US), Ingersoll Rand plc (Ireland), Hilti Corporation (Liechtenstein), Makita Corporation (Japan), Techtronic Industries Company Limited (Japan), Uryu Seisaku, Ltd. (Japan), Atlas Copco AB (Sweden).
The corded dc torque tool market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corded DC Torque Tool Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Corded DC Torque Tool Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corded DC Torque Tool Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Corded DC Torque Tool Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Corded DC Torque Tool Market Size & Forecast, 2020-2028
4.5.1 Corded DC Torque Tool Market Size and Y-o-Y Growth
4.5.2 Corded DC Torque Tool Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Handheld Tools
5.2.2 Fixtured Tools
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Electronics and Consumer Appliances
6.2.3 Energy
6.2.4 Shipbuilding
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corded DC Torque Tool Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Corded DC Torque Tool Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Handheld Tools
9.6.2 Fixtured Tools
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Electronics and Consumer Appliances
9.10.3 Energy
9.10.4 Shipbuilding
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Handheld Tools
10.6.2 Fixtured Tools
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Electronics and Consumer Appliances
10.10.3 Energy
10.10.4 Shipbuilding
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Handheld Tools
11.6.2 Fixtured Tools
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Electronics and Consumer Appliances
11.10.3 Energy
11.10.4 Shipbuilding
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Handheld Tools
12.6.2 Fixtured Tools
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Electronics and Consumer Appliances
12.10.3 Energy
12.10.4 Shipbuilding
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Handheld Tools
13.6.2 Fixtured Tools
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Electronics and Consumer Appliances
13.10.3 Energy
13.10.4 Shipbuilding
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Corded DC Torque Tool Market: Competitive Dashboard
14.2 Global Corded DC Torque Tool Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atlas Copco AB (Sweden)
14.3.2 Robert Bosch GmbH (Germany)
14.3.3 Stanley Black & Decker, Inc. (US)
14.3.4 Apex Tool Group, LLC (US)
14.3.5 Ingersoll Rand plc (Ireland)
14.3.6 Hilti Corporation (Liechtenstein)
14.3.7 Makita Corporation (Japan)
14.3.8 Techtronic Industries Company Limited (Japan)
14.3.9 Uryu Seisaku, Ltd. (Japan)
14.3.10 Atlas Copco AB (Sweden)
