The global torque tools market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for wind energy and oil and gas applications. The wind energy sector is expected to grow at a CAGR of 5.2% during the forecast period, while the oil and gas sector is expected to grow at a CAGR of 3%.
Some Of The Growth Factors Of This Market:
- The offshore market is growing at a rapid pace due to the increase in demand for oil and gas.
- Torquing tools are used in various industries such as automotive, aerospace, and construction among others.
- Torquing tools are used for tightening bolts or nuts with a predetermined torque value.
- Torque wrenches are one of the most commonly used types of torquing tool.
Industry Growth Insights published a new data on “Torquing Tools for the Offshore Market”. The research report is titled “Torquing Tools for the Offshore Market research by Types (Electric Torque Wrenches, Pneumatic Torque Wrenches, Hydraulic Torque Wrenches, Hydraulic Torque Pumps, Wind Turbine Bolt Tensioning, Hydraulic Bolt Tensioners), By Applications (Wind Energy, Oil and Gas), By Players/Companies Clover Tool Company, Forum Energy Technologies (FET), Hytorc Div Unex Corporation, Offshore Bolting, TJ Tools, ITH Bolting Technology, Underwater Engineering Services”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Torquing Tools for the Offshore Market Research Report
By Type
Electric Torque Wrenches, Pneumatic Torque Wrenches, Hydraulic Torque Wrenches, Hydraulic Torque Pumps, Wind Turbine Bolt Tensioning, Hydraulic Bolt Tensioners
By Application
Wind Energy, Oil and Gas
By Companies
Clover Tool Company, Forum Energy Technologies (FET), Hytorc Div Unex Corporation, Offshore Bolting, TJ Tools, ITH Bolting Technology, Underwater Engineering Services
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Torquing Tools for the Offshore Market Report Segments:
The global Torquing Tools for the Offshore market is segmented on the basis of:
Types
Electric Torque Wrenches, Pneumatic Torque Wrenches, Hydraulic Torque Wrenches, Hydraulic Torque Pumps, Wind Turbine Bolt Tensioning, Hydraulic Bolt Tensioners
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
Wind Energy, Oil and Gas
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:
- Clover Tool Company
- Forum Energy Technologies (FET)
- Hytorc Div Unex Corporation
- Offshore Bolting
- TJ Tools
- ITH Bolting Technology
- Underwater Engineering Services
Highlights of The Torquing Tools for the Offshore 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:
- Electric Torque Wrenches
- Pneumatic Torque Wrenches
- Hydraulic Torque Wrenches
- Hydraulic Torque Pumps
- Wind Turbine Bolt Tensioning
- Hydraulic Bolt Tensioners
- By Application:
- Wind Energy
- Oil and Gas
- 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 Torquing Tools for the Offshore 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
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- Understanding Competition Scenario
- Product & Brand Management
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- 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?
Torquing Tools are used for the offshore oil and gas industry to turn or torque pipe joints.
Some of the major players in the torquing tools for the offshore market are Clover Tool Company, Forum Energy Technologies (FET), Hytorc Div Unex Corporation, Offshore Bolting, TJ Tools, ITH Bolting Technology, Underwater Engineering Services.
The torquing tools for the offshore market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Torquing Tools for the Offshore 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. Torquing Tools for the Offshore Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Torquing Tools for the Offshore Market - Supply Chain
4.5. Global Torquing Tools for the Offshore Market Forecast
4.5.1. Torquing Tools for the Offshore Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Torquing Tools for the Offshore Market Size (000 Units) and Y-o-Y Growth
4.5.3. Torquing Tools for the Offshore Market Absolute $ Opportunity
5. Global Torquing Tools for the Offshore 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. Torquing Tools for the Offshore Market Size and Volume Forecast by Type
5.3.1. Electric Torque Wrenches
5.3.2. Pneumatic Torque Wrenches
5.3.3. Hydraulic Torque Wrenches
5.3.4. Hydraulic Torque Pumps
5.3.5. Wind Turbine Bolt Tensioning
5.3.6. Hydraulic Bolt Tensioners
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Torquing Tools for the Offshore 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. Torquing Tools for the Offshore Market Size and Volume Forecast by Application
6.3.1. Wind Energy
6.3.2. Oil and Gas
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Torquing Tools for the Offshore 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. Torquing Tools for the Offshore 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 Torquing Tools for the Offshore 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. Torquing Tools for the Offshore 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 Torquing Tools for the Offshore Demand Share Forecast, 2019-2026
9. North America Torquing Tools for the Offshore 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 Torquing Tools for the Offshore 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 Torquing Tools for the Offshore Market Size and Volume Forecast by Application
9.4.1. Wind Energy
9.4.2. Oil and Gas
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Torquing Tools for the Offshore Market Size and Volume Forecast by Type
9.7.1. Electric Torque Wrenches
9.7.2. Pneumatic Torque Wrenches
9.7.3. Hydraulic Torque Wrenches
9.7.4. Hydraulic Torque Pumps
9.7.5. Wind Turbine Bolt Tensioning
9.7.6. Hydraulic Bolt Tensioners
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 Torquing Tools for the Offshore Demand Share Forecast, 2019-2026
10. Latin America Torquing Tools for the Offshore 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 Torquing Tools for the Offshore 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 Torquing Tools for the Offshore Market Size and Volume Forecast by Application
10.4.1. Wind Energy
10.4.2. Oil and Gas
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Torquing Tools for the Offshore Market Size and Volume Forecast by Type
10.7.1. Electric Torque Wrenches
10.7.2. Pneumatic Torque Wrenches
10.7.3. Hydraulic Torque Wrenches
10.7.4. Hydraulic Torque Pumps
10.7.5. Wind Turbine Bolt Tensioning
10.7.6. Hydraulic Bolt Tensioners
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 Torquing Tools for the Offshore Demand Share Forecast, 2019-2026
11. Europe Torquing Tools for the Offshore 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 Torquing Tools for the Offshore 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 Torquing Tools for the Offshore Market Size and Volume Forecast by Application
11.4.1. Wind Energy
11.4.2. Oil and Gas
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Torquing Tools for the Offshore Market Size and Volume Forecast by Type
11.7.1. Electric Torque Wrenches
11.7.2. Pneumatic Torque Wrenches
11.7.3. Hydraulic Torque Wrenches
11.7.4. Hydraulic Torque Pumps
11.7.5. Wind Turbine Bolt Tensioning
11.7.6. Hydraulic Bolt Tensioners
11.8. Basis Point Share (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 Torquing Tools for the Offshore Demand Share, 2019-2026
12. Asia Pacific Torquing Tools for the Offshore 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 Torquing Tools for the Offshore 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 Torquing Tools for the Offshore Market Size and Volume Forecast by Application
12.4.1. Wind Energy
12.4.2. Oil and Gas
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Torquing Tools for the Offshore Market Size and Volume Forecast by Type
12.7.1. Electric Torque Wrenches
12.7.2. Pneumatic Torque Wrenches
12.7.3. Hydraulic Torque Wrenches
12.7.4. Hydraulic Torque Pumps
12.7.5. Wind Turbine Bolt Tensioning
12.7.6. Hydraulic Bolt Tensioners
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 Torquing Tools for the Offshore Demand Share, 2019-2026
13. Middle East & Africa Torquing Tools for the Offshore 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 Torquing Tools for the Offshore 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 Torquing Tools for the Offshore Market Size and Volume Forecast by Application
13.4.1. Wind Energy
13.4.2. Oil and Gas
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Torquing Tools for the Offshore Market Size and Volume Forecast by Type
13.7.1. Electric Torque Wrenches
13.7.2. Pneumatic Torque Wrenches
13.7.3. Hydraulic Torque Wrenches
13.7.4. Hydraulic Torque Pumps
13.7.5. Wind Turbine Bolt Tensioning
13.7.6. Hydraulic Bolt Tensioners
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 Torquing Tools for the Offshore Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Torquing Tools for the Offshore Market: Market Share Analysis
14.2. Torquing Tools for the Offshore Distributors and Customers
14.3. Torquing Tools for the Offshore Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Clover Tool Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Forum Energy Technologies (FET)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hytorc Div Unex Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Offshore Bolting
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TJ Tools
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ITH Bolting Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Underwater Engineering Services
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook