DC Torque Tool Market Size & Trends By Regional(Asia Pacific, Europe, America, Middle East And Africa), Industry Statistics, Growth Potential, Price Trend, Competitive Share, Market Statistics and Forecast 2023 - 2027 (Updated Version Available)
DC Torque Tool Market Size & Trends By Regional(Asia Pacific, Europe, America, Middle East And Africa), Industry Statistics, Growth Potential, Price Trend, Competitive Share, Market Statistics and Forecast 2023 - 2027 (Updated Version Available)
ID : MRI68922 | Date : Apr, 2021 | Pages :
168 | Region : Global |
Publisher : RI
The growth of the DC torque tool market is propelled by various factors such as the increasing sales of commercial and passenger vehicles, the adoption of Industry 4.0 accelerates the use of DC torque tools. Moreover, the advent of DC brushless motors and Li–ion batteries has helped the DC torque tool market to evolve.
The energy industry is expected to drive the growth of the DC torque tool market owing to the huge growth in the wind energy industry. According to the Global Wind Energy Council (GWEC), at the end of 2016, the worldwide total installed capacity of wind energy was 486,790 MW, which has grown about 12% from the previous year. Typically, the wind industry requirement for high torque fastening is fulfilled by pneumatic tools. However, the development of powerful tools and benefits such as quality control, ergonomics, and convenience offered by cordless power tools, especially in offshore wind installation, are some key factors driving the growth of the said market.
The DC Torque Tool Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of DC Torque Tool industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading DC Torque Tool by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global DC Torque Tool market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global DC Torque Tool market for 2015-2027.
Key Companies
Atlas Copco AB
Apex Tool Group, LLC
Stanley Black & Decker, Inc.
Robert Bosch GmbH
Ingersoll-Rand Plc
Hilti Corporation
Techtronic Industries Co. Ltd. (TTi)
Uryu Seisaku, Ltd.
Makita Corporation
Gedore-Werkzeugfabrik GmbH & Co. KG
Panasonic Corporation
Hitachi Koki Co., Ltd.
ESTIC Corporation
DC Torque Tool Market by Type
Corded
Cordless
DC Torque Tool Market by Application
Handheld Tools
Fixtured Tools
DC Torque Tool Market by Region
United States
Europe
China
Japan
Other Regions
DC Torque Tool Market Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
At the same time, we classify DC Torque Tool according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the DC Torque Tool market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the DC Torque Tool market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the DC Torque Tool market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the DC Torque Tool market for the forecast period 2021 - 2027?
• What are the driving forces in the DC Torque Tool market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the DC Torque Tool industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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