DC Torque Tool Market

DC Torque Tool Market Outlook (2022 to 2032)

The Global DC Torque Tool Market size was US$ 3.5 billion in 2022. It is anticipated to exceed a valuation of about US$ 6.0 billion in 2032. A CAGR of 5.6% is likely to be exhibited by the market from 2022 to 2032.

With the rise of industry 4.0 and increasing use of automation in manufacturing, DC torque tools are becoming immensely popular. They can be easily integrated into automated assembly lines and provide real-time torque data.

DC torque tools help prevent over-tightening, which can damage equipment and create safety hazards. They also reduce the risk of repetitive motion injuries associated with using manual torque wrenches.

With DC torque tools, one can ensure that the same torque is applied to each bolt or screw. It is essential for maintaining quality control and avoiding costly mistakes.

DC torque tools are faster and more efficient than manual torque wrenches. They can tighten bolts and screws in a fraction of the time it would take with a manual tool. It further increases productivity and reduces labor costs.

DC torque tools provide highly accurate torque readings. It is crucial in several industries such as automotive, aerospace, and manufacturing.

The automotive industry requires highly precise torque readings to ensure that bolts and screws are tightened to the correct specifications. DC torque tools provide this precision, which is essential for ensuring the safety and reliability of automotive components.

Several automotive manufacturers are increasingly using automation in their production processes. DC torque tools can be easily integrated into automated assembly lines and provide real-time torque data, which helps improve production efficiency and quality control.

DC torque tools help prevent over-tightening, which can damage equipment and create safety hazards. They also reduce the risk of repetitive motion injuries associated with using manual torque wrenches.

However, DC torque tools must be regularly calibrated to ensure that they are providing accurate torque readings. This might require additional equipment or expertise.

These tools can also be more expensive than manual torque wrenches. It might make them less accessible to small businesses or individuals who only need them occasionally.

How Will Sales of DC Torque Tool between 2017 and 2021 Outpace Demand from 2022 to 2032?

The global DC torque tool market exhibited a CAGR of about 2.9% from 2017 to 2021. As per Persistence Market Research (PMR), the market is likely to showcase 5.6% CAGR in the next ten years.

The automotive sector has been at the forefront of incorporating DC torque tool technology in recent years. The market is anticipated to be driven by increased sales of commercial and passenger cars produced with DC torque tools.

Growing acceptance of these tools in the wind energy sector would also push demand. Rising need for fastening tools with a specified torque, flexibility, and efficiency is another crucial factor that would push demand. Development of cordless fastening tools and adoption of industry 4.0 are also boosting DC torque tool demand globally.

Top DC Torque Tool Market Trends Listed by Persistence Market Research (PMR)

• Increasing use of automation in manufacturing processes and advancements in technology in the automotive sector would push demand.
• Expansion of the industrial and construction sectors has led to rising DC torque tool sales.
• The assembly of various goods such as vehicles, airplanes, and construction machinery, requires these tools.
• Demand for DC torque tools has increased as a result of the manufacturing sector's expanding automation trend.
• These instruments are necessary for automated assembly lines and are utilized for a variety of tasks, including tightening bolts, nuts, and screws.
• Demand has also increased as a result of the creation of sophisticated DC torque tools with better precision, efficiency, and durability.
• These instruments come with features, including automatic torque calibration, wireless communication, and real-time data monitoring.

Which Factors are Restraining DC Torque Tool Demand Globally?

• High cost and availability of alternative technologies are a couple of significant factors hampering sales.
• Several firms and individuals find it difficult to enter the market due to the high cost of DC torque tools.
• Not all fastening applications are suited for DC torque tools.
• For instance, they might not work well in high-torque or high-speed applications and hence retrain the market growth.
• Adoption rates of DC torque tools are constrained by the fact that several customers and organizations are not aware of their advantages.
• A few of them do not have any experience with them and this leads to restraining the market.
• DC torque tools' mobility and adaptability might be constrained by the requirement for a constant electrical source to operate.

Country-wise Insights

Would the USA Showcase High Demand for DC Electric Fastening Systems?

The USA DC torque tool market size is expected to be worth US$ 1.2 billion in 2032. It is anticipated to create an absolute dollar growth of US$ 417.6 million in the next ten years.

The USA market showcased growth at a CAGR of 1.4% from 2017 to 2021. It is set to expand at a CAGR of 4.5% from 2022 to 2032.

In October 2022, for instance, 18V Brushless 1/4-inch Hex Screwgun and Brushless Cut-out tool were introduced by Bosch Power Tools. Both GTB18V-45 18V and GCU18V30 18V include soft-start technology to lessen starter torque and variable speed for regulated operating speed.

These tools feature brushless motor technology to provide the user with the power they need to work with and cut through drywall. They are made to be efficient and deliver a corded product's power without a cable.

Why are Sales of DC Control Tools Growing Exponentially in the United Kingdom?

The United Kingdom DC torque tool market is anticipated to be valued at US$ 464.0 million by 2032. It is projected to create an incremental opportunity of US$ 173.5 million in the forecast period.

The United Kingdom exhibited growth at a CAGR of 1.7% from 2017 to 2021. It is expected to flourish at a CAGR of 4.8% from 2022 to 2032.

In August 2021, the Torque wrench DREMOMETER was introduced by Gedore. With an aluminum extension tube included, the durable but portable DREMOMETER DR 8563-01 3/4" guarantees quick and safe torque tightening across a range of 155 to 760 Nm.

The torque wrench's independence from length guarantees accurate usage. Location of the force applied to the handle of set torque is always obtained with precise precision. It does not need any change in values.

Is Japan a Prominent Hub for Manufacturing DC Torque Tool Repair Products?

Japan DC torque tool market is estimated to surpass a valuation of US$ 416.3 million by 2032. It is set to create an absolute dollar opportunity of US$ 162.1 million during the evaluation period.

Japan exhibited decent growth at a CAGR of 2.1% from 2017 to 2021. It is likely to escalate at a CAGR of 5.1% from 2022 to 2032.

In May 2021, a pre-lock marking torque wrench was launched by Tohnichi, a Japan-based company. A torque scale is included with the MPCL open-end interchangeable head pre-lock marking torque wrench series.

The pre-lock type enables torque changes for tightening. The MCSP series of torque wrenches is utilized with the MPCL MSH15D interchangeable heads. With width-across-flat parameters for nuts (bolts) ranging from 10 to 32 mm, the series gives a choice of 15 sizes.

Category-wise Insights

Which is the Most Preferred Power Source of DC Electric Torque Tools Globally?

The cordless power source of DC torque tools is projected to witness significant growth in the forecast period. It has numerous applications in the automotive and aerospace sectors.

Fast charging methods, increased efficiency, and falling li-ion battery prices are a few aspects that are encouraging the use of cordless DC torque tools. CAGR of the cordless segment was around 2.8% from 2017 to 2021. It is predicted to expand to around 5.4% from 2022 to 2032.

Which Vertical Would Use Precision Battery Powered Torque Tools the Most?

Based on vertical, the automotive category is projected to remain at the forefront in the global market. The segment exhibited a CAGR of around 2.7% from 2017 to 2021. It is expected to surge by 5.2% from 2022 to 2032.

Ongoing expansion of the automotive industry can be associated with the increasing demand. The industry has raised demand for DC torque tools for the development of commercial and passenger cars.

Competitive Landscape

Leading DC torque tool manufacturers are offering sales promotions, discounts, and incentives to encourage customers to purchase their products. This includes delivering package deals, financing options, and free accessories with the purchase of a DC torque tool.

A few regional manufacturers are constantly developing new products with improved features and capabilities to meet the evolving needs of their clients. They are introducing new models with high accuracy, fast speed, and better automation capabilities to improve efficiency and productivity.

A few recent developments in the DC torque tool market are:

• In August 2022, LENOX introduced its innovative WAVE EDGE technology for reciprocating saw blades. It is now equipped in most MULTIWOLF models and a limited number of METALWOLF and DEMOWOLF versions. A few LUMBERWOLF and DEMOWOLF reciprocating saw blades will now feature the newly added RAPID PLUNGE technology by LENOX. With the unique design of blade tips, RAPID PLUNGE technology enables users to perform clean and quick plunge cutting with ease.
• In June 2022, DEWALT expanded its ATOMIC EXPAND Series. It includes a range of small and portable measurement and layout tools designed to enhance workplace productivity. The hand tools line incorporates several new design elements to the existing range. The initial batch of tools added to the ATOMIC COMPACT series includes tape measures, a chalk reel, and a pocket laser measurer.

Scope of the Report

DC Torque Tool Market Outlook by Category

By Power Source:

• Cordless
• Corded

By Type:

• Fixtured Tool
• Handheld Tools
  • Electric Torque Wrench
  • Electric Impact Wrench
  • Electric Nutrunner
  • Electric Screwdriver

By Vertical:

• Shipbuilding
• Automotive
  • Service and Repair
  • OEMs
• Electronics and Consumer Appliances
• Energy
• Aerospace

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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