Global Torque Tools (Gun/Wrench) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Manual Torque Wrenches, Pneumatic Torque Wrenches, Electronic Torque Wrenches and Hydraulic Torque Wrench.

By Industry;

Automotive, Construction, Aerospace, Mining, Engineering & Machinery Manufacturing and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn478776506 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Torque Tools (Gun/Wrench) Market (USD Million), 2021 - 2031

In the year 2024, the Global Torque Tools (Gun/Wrench) Market was valued at USD 2127.82 million. The size of this market is expected to increase to USD 3199.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

The global torque tools market, encompassing torque guns and wrenches, is experiencing robust growth due to increasing industrial automation and stringent quality control requirements. Torque tools are crucial in various industries, including automotive, aerospace, manufacturing, and construction, where precise torque application is essential for maintaining safety and reliability.

Torque guns and wrenches are designed to apply a specific amount of torque to fasteners, ensuring that components are securely fastened without over-tightening. These tools come in both manual and powered versions, with powered tools, such as electric or pneumatic torque guns, gaining popularity due to their efficiency and ease of use. The growing demand for automation in production processes is driving the adoption of advanced torque tools, which offer enhanced precision and reduced labor costs.

In the automotive sector, the rising complexity of vehicles and the push for higher safety standards are fueling the demand for advanced torque tools. Similarly, the aerospace industry relies on torque tools to meet stringent safety and performance standards for aircraft components. The construction industry is also a significant consumer of torque tools, where they are used in various applications, from assembling structural components to installing machinery.

Technological advancements are shaping the market, with innovations such as digital torque wrenches and smart torque guns offering greater accuracy and ease of use. These tools are equipped with features like programmable torque settings and real-time data monitoring, which enhance their functionality and performance.

Geographically, the market is witnessing growth across regions, with North America and Europe being key markets due to their advanced industrial infrastructure. Meanwhile, Asia-Pacific is emerging as a significant growth region, driven by rapid industrialization and increasing manufacturing activities.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Industry
    3. Market Snapshot, By Region
  4. Global Torque Tools (Gun/Wrench) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial automation
        2. Safety standards
        3. Precision requirements
      2. Restraints
        1. High initial costs
        2. Maintenance and calibration needs
        3. Competition from alternative tools
      3. Opportunities
        1. Technological innovation
        2. Emerging markets
        3. Increased industrial automation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Torque Tools (Gun/Wrench) Market, By Product Type, 2021 - 2031 (USD Million)
      1. Manual Torque Wrenches
      2. Pneumatic Torque Wrenches
      3. Electronic Torque Wrenches
      4. Hydraulic Torque Wrench
    2. Global Torque Tools (Gun/Wrench) Market, By Industry, 2021 - 2031 (USD Million)
      1. Automotive
      2. Construction
      3. Aerospace
      4. Mining
      5. Engineering & Machinery Manufacturing
      6. Others
    3. Global Torque Tools (Gun/Wrench) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Actuant Corporation
      2. Apex Tool Group
      3. Atlas Copco
      4. Snap-on Incorporated
      5. Stanley Black & Decker, Inc.
      6. TOHNICHI Mfg. CO., LTD.
      7. ENERPAC TOOL GROUP
      8. FACOM Tool
      9. HYTORC, Div. UNEX Corporation
      10. K-Tool International (KTI)
      11. Maschinenfabrik Wagner GmbH & Co. KG
      12. Mountz, Inc.
      13. Norbar Torque Tools Ltd.
      14. Park Tool Company
      15. Powermaster Engineers Pvt. Ltd.
      16. Tone Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market