DC Torque Tool Market

DC Torque Tool Market Outlook (2024 to 2034)

The global DC torque tool market is anticipated to reach a valuation of US$ 5.25 billion in 2024 and further expand at a CAGR of 5.7% to end up at US$ 9.16 billion by the year 2034.

DC torque tools are designed to safely include and control every important aspect of the assembly automation process. They are often utilized at different stages in the automobile industry. These tools are used by both OEMs and service & repair centers. DC torque tools are gaining enormous popularity as Industry 4.0 and the usage of automation in production continues to grow. They offer real-time torque data and are easily incorporated into automated manufacturing processes.

By preventing overtightening, which harms machinery and poses safety risks, DC torque instruments are helpful. Additionally, they lessen the possibility of repetitive motion injuries brought on by the use of manual torque wrenches. One should make sure that every bolt or screw receives the same torque by using DC torque tools. It is necessary to uphold quality control and steer clear of expensive errors. Manual torque wrenches are slower than DC torque tools, which are also less effective. In a fraction of the time it would take with a manual tool, they possess tightened nuts and bolts. It lowers labor expenses and boosts productivity even further.

Highly precise torque readings are provided by DC torque tools. It is essential in several sectors, including manufacturing, aircraft, and automobiles. To guarantee that nuts and screws are tightened to the proper standards, the automobile sector needs extremely accurate torque readings. This accuracy, which is necessary to guarantee the dependability and safety of automobile components, is provided by DC torque tools.

Automation is used extensively in the production processes of several automakers. Real-time torque data is provided by DC torque tools, which are easily incorporated into automated assembly lines to enhance production efficiency and quality control. By preventing overtightening, which harms machinery and poses safety risks, DC torque instruments are helpful. Additionally, they lessen the possibility of repetitive motion injuries brought on by the use of manual torque wrenches.

Nonetheless, to guarantee that they are giving precise torque measurements, DC torque instruments need to be calibrated regularly. This is calling for further tools or knowledge. In comparison to manual torque wrenches, this equipment is more costly. It makes them less available to people or small enterprises who use them seldom, thereby having a slightly adverse impact on the DC torque tool market size.

Report Attribute	Detail
DC Torque Tool Market Size (2024E)	US$ 5.25 Billion
Forecasted Market Value (2034F)	US$ 9.16 Billion
Global Market Growth Rate (2024 to 2034)	5.7% CAGR
East Asia Market Value (2034F)	US$ 3.52 Billion
North America Market Share (2034F)	26.5%
Shipbuilding Segment Value (2034F)	US$ 3.55 Billion
United States Market Value (2034F)	US$ 1.93 Billion
Key Companies Profiled	Haimer; Dynabrade; Ingersoll Rand; Interpump; Uryu; Desoutter; Sanyo NSK; Cleco; Tekron; Apex Tool Group; Nitto Kohki; Chicago Pneumatic; Miwaukee Tool; Atlas Copco; CPS.

What is Escalating the Profit Margins for Manufacturers of DC Torque Tools?

“Focus on Digital Technology and Real-Time Monitoring”

To improve functionality, productivity, and data-driven insights, there is a growing need in several sectors for smart and linked DC torque tools. An increased focus on incorporating digital technology into industrial processes to improve efficiency and production is a result of Industry 4.0.

Real-time monitoring, remote control, and predictive maintenance are just some of the sophisticated features that smart and connected DC torque tools are offering thanks to sensors, wireless connectivity, and data analytics capabilities. With the use of these tools, manufacturers are gathering important data on torque application procedures, including torque levels, angle measurements, and fastening procedures. By using this data, assembly processes are made more efficient as potential issues are seen before they become serious ones, and quality requirements are satisfied.

The ability to remotely monitor and operate torque equipment enhances operational flexibility and efficiency, especially in distant work situations or large-scale manufacturing plants. Additionally, smart and networked DC torque instruments provide seamless data interchange and process automation with easy integration with larger industrial systems, such as enterprise resource planning (ERP) software or manufacturing execution systems (MES). Real-time decision-making is possible through this connection, which also enhances traceability and simplifies production processes, thereby contributing to the overall expansion of the DC torque tool market growth.

“Electric Vehicle Fastening Tools Enhancing Market Conditions”

The automotive sector is escalating at a significant rate and is forecasted to expand more going forward, leading to more employment of tools including DC torque tools for better efficiency and speed of vehicles. Among the motor vehicle kinds are huge trucks, buses, coaches, smaller commercial vehicles, and passenger cars. The market is driven by rising motor vehicle sales.

Automotive uses for DC torque tools include engine assembly, chassis assembly, body assembly, installation of brakes and seats, interior assembly, powertrain assembly, and the final automobile assembly line. Additionally, these instruments aid in the early detection of flaws, such as defective parts discovered during the automobile industry's assembly process.

What is a Potential Threat to Key Players in the Market?

“Chances of Catching Fire Leading to Emergency Situations”

To avoid fires, DC torque tools are stored away from dangerous areas. In dangerous situations, these instruments catch fire due to the heat they produce. Hard settings, such as high humidity, high temperatures, and contact with corrosives, is shortening the life and reduce the performance of conventional torque tools.

In such severe conditions, there is a chance that the user possesses the potential to receive an electrical shock, which affects the tool's operation and raises maintenance costs and safety concerns. In distant or dangerous areas, maintenance becomes more frequent and difficult, requiring specialized tools and knowledge. As a result, these tools are inappropriate for use in damp environments.

Torque responses in heavy power tools are resulting in wrist injuries. Transducer fastening instruments are calibrated regularly, and extended use of fastening equipment is causing overheating. Brushes require regular maintenance. Compared to other fastening equipment, DC torque tools are costly and application-specific. Each of these elements is detrimental to the market expansion for electric fastening systems.

Country-wise Insights

The market is forecasted to reach globally with the whole world moving toward automation. The markets in the United States and Canada are performing very well while introducing new products every year, leading to a strong dominance in the DC torque tool market share of North America.

Why is the Market Performing so Well in the United States?

“Established Industrial Sector Working to Move Towards Automation”

Attribute	United States
Market Value (2024E)	US$ 1.22 Billion
Growth Rate (2024 to 2034)	4.7% CAGR
Projected Value (2034F)	US$ 1.93 Billion

The DC torque market is performing well in the United States due to the established industrial sector's shift towards automation. With the growing emphasis on increasing efficiency and precision in manufacturing processes, industries are increasingly turning to DC torque tools to enhance productivity and quality control.

The incorporation of digital technology and real-time monitoring in industrial processes, as part of Industry 4.0 initiatives, has further stimulated the demand for DC torque tools in the United States. This focus on digital transformation and smart manufacturing has driven the adoption of advanced torque tools, leading to the robust performance of the market in the country.

Which Factors are the Reason Behind Growing Sales in China?

“Presence of Aftermarkets Leading to More Exports of DC Torque Tools”

Attribute	China
Market Value (2024E)	US$ 1.13 Billion
Growth Rate (2024 to 2034)	6.1% CAGR
Projected Value (2034F)	US$ 2.05 Billion

In China, the growing sales of DC torque tools are attributed to the presence of aftermarkets, which has led to an increase in exports of these tools. The aftermarket industry in China has created opportunities for the export of DC torque tools, as there is a rising demand for high-quality and precision-driven tools in several sectors, including automotive and others.

The expansion of the manufacturing and automotive industries in China has contributed to the increased sales of DC torque tools, as these sectors rely heavily on torque tools for assembly processes and quality control. The combination of aftermarket presence and growing industrial sectors has fueled the export and sales of DC torque tools in China.

Category-wise Analysis

Due to increasing automation, several manufacturers are introducing more verticals and power sources to meet this requirement. Some of the prominent power sources are cordless and corded DC torque tools.

DC Torque Tool of Which Power Source is Sold Extensively in the End Market.

“Accelerating Preference for Corded Power Source among Several Industries”

Attribute	Corded
Segment Value (2024E)	US$ 3.3 Billion
Growth Rate (2024 to 2034)	5.5% CAGR
Projected Value (2034F)	US$ 5.85 Billion

The corded power source remains extremely popular in the end market, with significant sales across several industries. More businesses and industrial sectors prefer corded power sources for their reliability, consistent performance, and the ability to provide continuous power without the need for recharging or battery replacements.

Corded power sources are particularly favored in applications where uninterrupted power is essential, such as heavy-duty manufacturing, construction, and assembly processes. The reliability and consistent power output of corded tools make them a preferred choice for professionals and industries looking for a dependable and robust power source.

Which Vertical of DC Torque Tools is Becoming a Major Revenue Generating Segment?

“DC Torque Tools Prominently Used in Shipbuilding”

Attribute	Shipbuilding
Segment Value (2024E)	US$ 1.95 Billion
Growth Rate (2024 to 2034)	5.7% CAGR
Projected Value (2034F)	US$ 3.55 Billion

DC torque tools have emerged as a major revenue generating segment in the shipbuilding industry globally. With the increasing demand for precision and efficiency in shipbuilding processes, DC torque tools play a crucial role in ensuring the quality and reliability of critical fastening applications.

These tools are widely utilized in shipbuilding for tasks such as fastening components, assembling structures, and ensuring the integrity of maritime equipment. The use of DC torque tools in shipbuilding not only enhances productivity and accuracy but also contributes to maintaining the safety and structural integrity of marine vessels. Thereby, the shipbuilding vertical has become a significant segment for DC torque tools, driving substantial revenue growth within this sector.

Market Condition

Key players in the DC torque tool industry are implementing research processes to introduce new products including torque sensors and torque vectoring.

• LENOX unveiled its ground-breaking WAVE EDGE technology for reciprocating saw blades in August 2022. Nowadays, it is included in a small number of METALWOLF and DEMOWOLF models in addition to the majority of MULTIWOLF variants. The recently introduced RAPID PLUNGE technology by LENOX is now available on a selected number of reciprocating saw blades manufactured by LUMBERWOLF and DEMOWOLF.
• DEWALT increased the size of its ATOMIC EXPAND Series in June 2022. It consists of a selection of compact, lightweight measuring and layout instruments intended to increase efficiency at work. The hand tool series adds a few fresh design components to the current lineup.

Fact.MR provides detailed information about the price points of key suppliers in the DC torque tool market positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of DC Torque Tool Market Research

• By Power Source :

  • Cordless
  • Corded

• By Vertical :

  • Shipbuilding
  • Automotive
  • Energy
  • Electronics & Consumer Appliances
  • Aerospace

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa