The global torque spanners market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for torque spanners in various industries such as automotive, engineering and construction, and shipping & aerospace. The increasing demand for torque spanners in these industries is due to the need for tightening bolts with precision and accuracy.
The manual torque spanner segment accounted for the largest share of the global market in 2018, followed by pneumatic torque spanner segment. Manual torque spanners are preferred over pneumatic ones because they are cheaper than pneumatic ones and do not require any external power source or air compressor. However, manual torque spanners have limitations such as low speed operation which makes them unsuitable for heavy duty applications like engine assembly or aircraft assembly where high speed operation is required. Pneumatic torquespanners are preferred over manual ones because they offer higher speeds than manual ones which make them suitable for heavy duty applications like engine assembly or aircraft assembly where high speed operation is required; however, they require an external power source or air compressor which increases their cost significantly when compared with manual torquespanners.
- Torque spanners are used in a wide range of industries, including automotive, aerospace, and construction.
- Torque spanners are used to tighten bolts and nuts to a specific torque value.
- The tightening of bolts and nuts is an important part of the assembly process for many products that require precision engineering such as automobiles, aircrafts, and other machinery.
- The tightening of bolts and nuts is also important for safety purposes such as preventing leaks or ruptures in pipelines or gas tanks which could lead to serious accidents or environmental disasters if not addressed quickly enough by trained professionals with the right tools on hand at all times.
- Torque spanners can be found in many different sizes depending on the type of bolt they are designed to work with.
Industry Growth Insights published a new data on “Torque Spanners Market”. The research report is titled “Torque Spanners Market research by Types (Manual Torque Spanner, Pneumatic Torque Spanner, Electronic Torque Spanner), By Applications (Automotive, Engineering & Construction, Shipping & Aerospace, Other), By Players/Companies 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”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Torque Spanners Market Research Report
By Type
Manual Torque Spanner, Pneumatic Torque Spanner, Electronic Torque Spanner
By Application
Automotive, Engineering & Construction, Shipping & Aerospace, Other
By Companies
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
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Torque Spanners Market Report Segments:
The global Torque Spanners market is segmented on the basis of:
Types
Manual Torque Spanner, Pneumatic Torque Spanner, Electronic Torque Spanner
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
Automotive, Engineering & Construction, Shipping & Aerospace, Other
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:
- 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
Highlights of The Torque Spanners 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:
- Manual Torque Spanner
- Pneumatic Torque Spanner
- Electronic Torque Spanner
- By Application:
- Automotive
- Engineering & Construction
- Shipping & Aerospace
- Other
- 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 Torque Spanners 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?
Torque spanners are a type of wrench that is used to tighten or loosen bolts and screws. They come in different sizes and shapes, and can be made from a variety of materials, including metal, plastic, or even rubber.
Some of the major companies in the torque spanners market are 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.
The torque spanners market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Torque Spanners Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Torque Spanners Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Torque Spanners Market - Supply Chain
4.5. Global Torque Spanners Market Forecast
4.5.1. Torque Spanners Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Torque Spanners Market Size (000 Units) and Y-o-Y Growth
4.5.3. Torque Spanners Market Absolute $ Opportunity
5. Global Torque Spanners Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Torque Spanners Market Size and Volume Forecast by Type
5.3.1. Manual Torque Spanner
5.3.2. Pneumatic Torque Spanner
5.3.3. Electronic Torque Spanner
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Torque Spanners Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Torque Spanners Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Engineering & Construction
6.3.3. Shipping & Aerospace
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Torque Spanners Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Torque Spanners Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Torque Spanners Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Torque Spanners Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Torque Spanners Demand Share Forecast, 2019-2029
9. North America Torque Spanners Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Torque Spanners Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Torque Spanners Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Engineering & Construction
9.4.3. Shipping & Aerospace
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Torque Spanners Market Size and Volume Forecast by Type
9.7.1. Manual Torque Spanner
9.7.2. Pneumatic Torque Spanner
9.7.3. Electronic Torque Spanner
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Torque Spanners Demand Share Forecast, 2019-2029
10. Latin America Torque Spanners Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Torque Spanners Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Torque Spanners Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Engineering & Construction
10.4.3. Shipping & Aerospace
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Torque Spanners Market Size and Volume Forecast by Type
10.7.1. Manual Torque Spanner
10.7.2. Pneumatic Torque Spanner
10.7.3. Electronic Torque Spanner
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Torque Spanners Demand Share Forecast, 2019-2029
11. Europe Torque Spanners Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Torque Spanners Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Torque Spanners Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Engineering & Construction
11.4.3. Shipping & Aerospace
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Torque Spanners Market Size and Volume Forecast by Type
11.7.1. Manual Torque Spanner
11.7.2. Pneumatic Torque Spanner
11.7.3. Electronic Torque Spanner
11.8. Basis Point hare (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Torque Spanners Demand Share, 2019-2029
12. Asia Pacific Torque Spanners Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Torque Spanners Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Torque Spanners Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Engineering & Construction
12.4.3. Shipping & Aerospace
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Torque Spanners Market Size and Volume Forecast by Type
12.7.1. Manual Torque Spanner
12.7.2. Pneumatic Torque Spanner
12.7.3. Electronic Torque Spanner
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Torque Spanners Demand Share, 2019-2029
13. Middle East & Africa Torque Spanners Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Torque Spanners Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Torque Spanners Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Engineering & Construction
13.4.3. Shipping & Aerospace
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Torque Spanners Market Size and Volume Forecast by Type
13.7.1. Manual Torque Spanner
13.7.2. Pneumatic Torque Spanner
13.7.3. Electronic Torque Spanner
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Torque Spanners Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Torque Spanners Market: Market Share Analysis
14.2. Torque Spanners Distributors and Customers
14.3. Torque Spanners Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Snap-on (CDI)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Norbar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Proto
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TONE
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tohnichi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Enerpac
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TEKTON
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. FACOM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SATA Tools
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Armstrong
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Precision Instruments
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Craftsman
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Powermaster
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hytorc
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Plarad
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mountz
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. K-Tool
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Primo Tools
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Park Tool
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Jinan Hanpu
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
