Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Impact Wrench Market by Type (Pneumatic, Electrical, Others), By Application (Construction, Mining, Oil & Gas, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Impact Wrench Market by Type (Pneumatic, Electrical, Others), By Application (Construction, Mining, Oil & Gas, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 317271 4200 Machinery & Equipment 377 127 Pages 4.5 (31)
                                          

Market Overview:


The global impact wrench market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for impact wrenches in various applications such as construction, mining, oil & gas and others. Additionally, the growing demand for electric and pneumatic impact wrenches is also contributing to the growth of this market.


Global Impact Wrench Industry Outlook


Product Definition:


An impact wrench is a tool used to apply a sudden rotational or linear force to an object. It is usually powered by compressed air, but can also be powered by electricity or gasoline. The importance of an impact wrench is that it can provide a high amount of torque output, which makes it perfect for tightening or loosening bolts and nuts that are difficult to turn with just your hands.


Pneumatic:


Pneumatic components are used in impact wrenches to provide the force that drives the device. The pneumatic system consists of a source of compressed air, an air compressor, and one or more cylinders as part of the mechanism. Pneumatic systems are used in various industries such as automotive & transportation, food processing and packaging equipment among others.


Electrical:


An electrical component is a device that produces and controls the flow of electric energy through circuits. It can be classified into two types: stationary electrical components and portable electrical components. The impact wrench market includes various products such as power tools, hand-held power tools, impact wrenches, driver assistance systems (IAS), battery packs for industrial applications along with other miscellaneous accessories which are used in automotive industry to repair vehicles or machines etc.


Application Insights:


The construction application segment accounted for the largest share of over 30.0% in 2017 and is projected to witness significant growth during the forecast period. Impact wrenches are widely used in construction activities as they provide easy handling, compact size, lightweight and high durability which makes them highly preferred among builders.


Construction equipment manufacturers including Caterpillar Inc., Deere & Co., Ltd., and Volvo Construction Equipment AB have been focusing on developing products that meet the evolving needs of end-users such as architects, building contractors, etc. Thus impact wrenches are expected to gain popularity among these groups over the next few years owing to their features such as ease of use while drilling holes or breaking apart concrete blocks making them a favorable buy for several applications across various industries worldwide thereby contributing towards market growth during the forecast period.


Regional Analysis:


North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing demand for impact wrenches from various application industries, such as construction and oil & gas sectors, coupled with stringent regulations regarding employee safety in the U.S., Canada, and Mexico.


Asia Pacific is anticipated to witness significant growth over the coming years owing to rapid industrialization.


Growth Factors:


  • Increasing demand for impact wrenches in automotive and construction industries
  • Rising popularity of cordless impact wrenches
  • Growing demand for torque tools in industrial applications
  • Technological advancements in impact wrench design and functionality
  • Rising awareness about the benefits of using impact wrenches over traditional hand tools

Scope Of The Report

Report Attributes

Report Details

Report Title

Impact Wrench Market Research Report

By Type

Pneumatic, Electrical, Others

By Application

Construction, Mining, Oil & Gas, Others

By Companies

Aircat, Bosch, Craftsman, DEWALT, Ingersoll Rand, Makita, Milwaukee, Aircat

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

127

Number of Tables & Figures

89

Customization Available

Yes, the report can be customized as per your need.


Global Impact Wrench Market Report Segments:

The global Impact Wrench market is segmented on the basis of:

Types

Pneumatic, Electrical, Others

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

Construction, Mining, Oil & Gas, 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:

  1. Aircat
  2. Bosch
  3. Craftsman
  4. DEWALT
  5. Ingersoll Rand
  6. Makita
  7. Milwaukee
  8. Aircat

Global Impact Wrench Market Overview


Highlights of The Impact Wrench Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Pneumatic
    2. Electrical
    3. Others
  1. By Application:

    1. Construction
    2. Mining
    3. Oil & Gas
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Impact Wrench 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

Global Impact Wrench Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


An impact wrench is a tool that is used to tighten or loosen screws, bolts, and other fasteners. Impact wrenches are also known as torque wrenches.

Some of the major companies in the impact wrench market are Aircat, Bosch, Craftsman, DEWALT, Ingersoll Rand, Makita, Milwaukee, Aircat.

The impact wrench 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 Impact Wrench 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 Impact Wrench Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Impact Wrench 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 Impact Wrench 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 Impact Wrench Market Size & Forecast, 2020-2028       4.5.1 Impact Wrench Market Size and Y-o-Y Growth       4.5.2 Impact Wrench 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 Pneumatic
      5.2.2 Electrical
      5.2.3 Others
   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 Construction
      6.2.2 Mining
      6.2.3 Oil & Gas
      6.2.4 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Impact Wrench 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 Impact Wrench 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 Pneumatic
      9.6.2 Electrical
      9.6.3 Others
   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 Construction
      9.10.2 Mining
      9.10.3 Oil & Gas
      9.10.4 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 Pneumatic
      10.6.2 Electrical
      10.6.3 Others
   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 Construction
      10.10.2 Mining
      10.10.3 Oil & Gas
      10.10.4 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 Pneumatic
      11.6.2 Electrical
      11.6.3 Others
   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 Construction
      11.10.2 Mining
      11.10.3 Oil & Gas
      11.10.4 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 Pneumatic
      12.6.2 Electrical
      12.6.3 Others
   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 Construction
      12.10.2 Mining
      12.10.3 Oil & Gas
      12.10.4 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 Pneumatic
      13.6.2 Electrical
      13.6.3 Others
   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 Construction
      13.10.2 Mining
      13.10.3 Oil & Gas
      13.10.4 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 Impact Wrench Market: Competitive Dashboard
   14.2 Global Impact Wrench Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Aircat
      14.3.2 Bosch
      14.3.3 Craftsman
      14.3.4 DEWALT
      14.3.5 Ingersoll Rand
      14.3.6 Makita
      14.3.7 Milwaukee
      14.3.8 Aircat

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