What is Digital Torque Wrench Market Scope?
A digital wrench could be a tool that has associate electronic show of the torsion reading. The digital wrench shows visual signals within the kind of lightweight and sound once the specified torsion is reached. The alarm price is often set between 100 percent - 100 percent of the wrench’s capability. one in all the first benefits of the digital wrench is it will a lot of accurately management the quantity of torsion that is applied to the bolt while not losing torsion capability. to boot, the operator will fix the specified torsion and the wrench can mechanically shut off once the programmed price can reach.
The Digital Torque Wrench market study is being classified by Type (Ordinary Digital Torque Wrench and Connected Computer Digital Torque Wrench), by Application (Automotive, Engineering & Machinery Manufacturing, Construction, Shipping & Aerospace and Other) and major geographies with country level break-up.
The global market for Digital Torque Wrench is fragmented by key players owing to rise in demand for rise in different mechanical sectors and automotive sectors. The rising players should focus upon automated toolroom employment and ease of shop floor processes in addition to best after-sales service to grow in a competitive market. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Digital Torque Wrench market throughout the predicted period.
Apex Tool Group Singapore Pte Ltd. (United States), Craftsman (United States), Enerpac (United States), FACOM (France), Hytorc Div Unex Corporation (United States), K-Tool International (United States), Maschinenfabrik Wagner GmbH & Co. KG (Germany), Mountz Incorporated (United States), Norbar Torque Tools LTD (United Kingdom) and Park Tool (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Powermaster Engineers Pvt. Ltd. (India), Precision Instruments (United States), Primo Tools (United States), Stanley Black & Decker (United States) and TEKTON (United States).
Analyst at AMA have segmented the market study of Global Digital Torque Wrench market by Type, Application and Region.
On the basis of geography, the market of Digital Torque Wrench has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In 2021, Norbar Launches New Electronic Torque Wrench. Norbar has designed a digital torque wrench that can measure, display, store and transmitting torque and receiving configuration settings from TDS (Torque Data System) computer software via a USB or wireless interface.
Influencing Market Trend
- Enhancement in Digital Torque Wrench as Multi-tasking Tool and Computer Connectivity for Controlled Data
- Rise in Demand for The Quality Inspection, Positioning, and Measurement of The Tools
- Growth in Automotive Industry and Product Innovation
- Rise in Tool and Shopfloor Automation in Different Industry Verticals
- Employment of Software in Distant Control for Wrench
- High Prices Involved in employing Digital Torque Wrench
- Less Awareness about Digital torque wrench and Extensive Use of Conventional Torque Wrench
- Skilled Labour Required to Operate the Digital Equipment
Key Target AudienceDigital Torque Wrench Manufacturer, Provider/Distributor, Automotive Manufacturers, Raw Material Provider and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Digital Torque Wrench market expands?
The Global Digital Torque Wrench market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Digital Torque Wrench market?
The prominent players of Global Digital Torque Wrench market are Apex Tool Group Singapore Pte Ltd. (United States), Craftsman (United States), Enerpac (United States), FACOM (France), Hytorc Div Unex Corporation (United States), K-Tool International (United States), Maschinenfabrik Wagner GmbH & Co. KG (Germany), Mountz Incorporated (United States), Norbar Torque Tools LTD (United Kingdom) and Park Tool (United States), to name a few.
3. What are the top priorities to focus for Digital Torque Wrench market’s growth?
In this highly competitive & fast evolving Digital Torque Wrench industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.