In this report, the Global Torque Wrench market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Torque Wrench market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
A torque wrench is a tool used to precisely apply a specific torque to a fastener such as a nut or bolt. It is usually in the form of a socket wrench with special internal mechanisms.
A torque wrench is used where the tightness of screws and bolts is crucial. It allows the operator to measure the torque applied to the fastener so it can be matched to the specifications for a particular application. This permits proper tension and loading of all parts. A torque wrench measures torque as a proxy for bolt tension. The technique suffers from inaccuracy due to inconsistent or uncalibrated friction between the fastener and its mating hole. Measuring bolt tension (bolt stretch) is more accurate but often torque is the only practical means of measurement.
Indirect marketing, also means distribution, is an important supplement of direct marketing. Today, in certain consumer goods industry, distribution has been the major marketing channel. Through sign specific contact with the professional retailers, manufacturers can get more orders without extra cost on marketing. Certainly, the distributors will occupy part profit among the marketing of products.
When the manufacturers entered into a target market, find some professional distributors can be useful. These distributors have a clearer sense of the local market.
Market Analysis and Insights: Global Torque Wrench Market
In 2019, the global Torque Wrench market size was US$ 6469.1 million and it is expected to reach US$ 8655.9 million by the end of 2026, with a CAGR of 4.2% during 2021-2026.
Global Torque Wrench Scope and Market Size
Torque Wrench market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Torque Wrench market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Torque Wrench market is segmented into
Manual Torque Wrench
Pneumatic Torque Wrench
Electronic Torque Wrench
Segment by Application, the Torque Wrench market is segmented into
Engineering & Construction
Shipping & Aerospace
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Torque Wrench Market Share Analysis
Torque Wrench market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Torque Wrench product introduction, recent developments, Torque Wrench sales by region, type, application and by sales channel.
The major companies include:
Reasons to Buy This Research Report
- Complete access to Global Torque Wrench market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Torque Wrench markets including North America, Europe, MEA and Asia Pacific
- Global Torque Wrench Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Torque Wrench market segmentation
- Key trends, drivers and restraints for global Global Torque Wrench market
- Challenges to market growth for Global Torque Wrench manufacturers
- Key market opportunities of Global Torque Wrench Industry
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