Insights into the Industry
The electronic torque wrench industry has been witnessing optimal growth in recent years and is likely to continue even in upcoming years. The growth of electronic torque wrench ’s industry size can be attributed to rising investments in research & development activities, entry of new players, product innovation, technological breakthroughs, effective allocation of resources, and growing competition among business rivals to expand its regional as well as customer base. Supportive government policies and incentives, as well as favorable laws, are projected to determine the growth of the electronic torque wrench market in foreseeable future. An increase in the spending capacity of customers with the rise in disposable income will further contribute towards electronic torque wrench 's market proceeds.
This market research report is a comprehensive overview of the events taking place in the electronic torque wrench industry and impacting its growth. Our report divides the electronic torque wrench market into various segments or categories based on products, applications, region, etc. Additionally, our research analysts have listed the key players of the global electronic torque wrench market and compared them based on metrics such as market revenue, Y-O-Y sales, shipments volume, historical data, and successful implementation of business strategies such as strategic alliances, mergers & acquisitions, joint ventures, product development, and partnerships & collaborations.
Market Research Store (MRS) published a brand new report titled “Electronic Torque Wrench Market research report which is segmented by Products (Straight Design, Angled Design), by Applications (Transportation, Manufacturing & Assembly, Construction, Others), by Key Players/Companies GEDORE Torque Solutions GmbH, Norbar Torque Tools, RAD Torque Systems, ITH, BRAND TS, Mountz, ENERPAC, TorcUP, Alkitronic”. In 2020, the global electronic torque wrench market value was registered at XX (USD Million/Billion) and is predicted to reach XX (USD Million/Billion) at a CAGR of XX% by 2028.
Request Free SampleScope of the report
| Report Attributes | Report Details |
|---|---|
| Report Title | Electronic Torque Wrench Market Research Report |
| By Products | Straight Design, Angled Design |
| By Applications | Transportation, Manufacturing & Assembly, Construction, Others |
| By Key Players | GEDORE Torque Solutions GmbH, Norbar Torque Tools, RAD Torque Systems, ITH, BRAND TS, Mountz, ENERPAC, TorcUP, Alkitronic |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East And Africa (MEA) |
| Countries Covered | North America : U.S and Canada Europe : U.K, Spain, Germany, Italy, Russia, France, Rest of Europe APAC : Japan, India, China, Australia, South Korea, South East Asia, Rest of Asia Pacific Latin America : Mexico, Brazil The Middle East And Africa : South Africa, UAE, Saudi Arab, Rest of MEA |
| Base Year | 2020 |
| Historical Year | 2016to 2020 (Depending on availability, data from 2010 can be offered) |
| Forecast Year | 2028 |
| Number of Pages | 104 |
| Customization Available | Yes, the report can be tailored to meet your specific requirements. |
Based on these findings, the global electronic torque wrench industry study suggests strategies to existing market participants as to how they can improve & reinforce their market position. In addition to this, the study also recommends successful market penetrating strategies for new entrants. Furthermore, electronic torque wrench industry study report has included all major manufacturers and distributors operating in the electronic torque wrench market across all major regions.
Electronic Torque Wrench Market Strategic Analysis
Various analytical methods such as Porter’s Five Force Analysis, SWOT analysis, Market Share Analysis, Competitive Analysis, PESTEL Analysis, Market Attractiveness Analysis, and Value Chain Analysis have been used to analyze the market in the research report. These assessments help users of the report in examining and evaluating electronic torque wrench market on the basis of different metrics such as switching costs, economies of scale, current sales, brand loyalty, brand equity, capital investments, production rights, research & development activities, copyrights & patents, legislations, effects of promotional activities, and consumer preferences.
The information provided in our market research report is anticipated to help the industry stakeholders in the effective decision-making process and successful business outcomes. Moreover, we have been using Ansoff Matrix to help firms analyze and plan their business growth strategies.
Additionally, our report contains a growth-share matrix that aids firms’ business decisions for prioritizing their myriad businesses. We have also included GE Nine Cell Matrix that is helpful in making strategic planning and can help firms in determining their position in the market along with analyzing their growth strategies.
Our researchers also make use of the perceptual map to demonstrate how to target consumers feel about a given brand and form perception about it. We have also included the Customer-Based Brand Equity (CBBE) Model for helping firms effectively position their brands.
Electronic Torque Wrench Market Key Trends Analysis
The key factors influencing the growth of the electronic torque wrench market have been assessed in the report. Factors having a huge influence on market demand and restraining factors that impact the development of the market are both addressed rigorously & in-depth in our global market research report.
Furthermore, trends that play a key role in market’s growth are discussed comprehensively in the report. Moreover, a large number of qualitative factors or measurements are included in the report and this includes operating risks and major obstacles encountered by players in the industry.
Electronic Torque Wrench Market Key Segment Analysis
The report delivers a critical assessment on the electronic torque wrench market by segmenting it based on Products, Applications, and region. All the segments and categories of the electronic torque wrench market have been evaluated based on past, present and future trends and are key parameters determining & defining the growth of the market.
The data for the market and its segments and categories are provided from 2016 to 2028. The report has identified the key segments and categories contributing substantially towards overall market growth in terms of revenue & volume.
Based on Products, the global electronic torque wrench market is segmented into Straight Design, Angled Design. Comprehensive qualitative and quantitative this segment analysis will be provided in the report from 2016 to 2028.
Based on Applications, market is divided into Transportation, Manufacturing & Assembly, Construction, Others. A slew of business growth opportunities and dynamics affecting the different segments are analyzed and discussed in the report.
Impact Assessment of COVID-19
The COVID-19 outbreak has wreaked havoc on worldwide economic and social systems. The disease has entered several industries' value and supply chains, including the electronic torque wrench market. The government imposed lockdowns in various locations. We will examine the impact of the COVID-19 pandemic on the global market, looking at both demand and supply.
The COVID-19 pandemic's short- and long-term impacts would be explored to provide a summary. This would help build business plans for all market participants, including manufacturers, vendors, suppliers, distributors, and end-users, during and after the epidemic.
Electronic Torque Wrench Market Regional Trends and Market Player’s Analysis
On the basis of region, the market is segregated into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.
The major players holding a huge chunk of market share in the global electronic torque wrench market and impacting market profitability are evaluated after considering their product & services revenue, sales, business plans, innovations, and growth rate. The final position of a player in the market depends on market events or market happenings, new product launches, mergers & acquisitions, benchmarking, regional expansions, and technical innovations.
For all the key stakeholders of the market, value chain and technology ecosystem, as well as the information provided in this market research report, will prove beneficial. The study offers an outline of the company’s market share and an extensive summary of the major players in the electronic torque wrench market.
Some of the leading players profiled in the global electronic torque wrench market are,
- GEDORE Torque Solutions GmbH
- Norbar Torque Tools
- RAD Torque Systems
- ITH
- BRAND TS
- Mountz
- ENERPAC
- TorcUP
- Alkitronic
The Key Audiences for Electronic Torque Wrench Market Report
- Research Institutes & consulting firms
- Industry Leaders, as well as companies, aspiring to enter the electronic torque wrench market
- Student and universities
- Solution Providers, product providers, service providers, and other players in the industry
- Associated private firms and government bodies
- Individuals interested to learn about market
The report segments of the global electronic torque wrench market are as follows:
Global Electronic Torque Wrench Market: By Products
- Straight Design
- Angled Design
Global Electronic Torque Wrench Market: By Applications
- Transportation
- Manufacturing & Assembly
- Construction
- Others
The Most Important Research Methodologies
Primary sources include industry experts from management corporations, processing organizations, and analytical service providers who serve businesses across the sector's value chain. We interviewed key sources to acquire qualitative and quantitative data and analyse future prospects.
Primary research undertaken for this report comprised interviews with industry professionals such as CEOs, Vice Presidents, Marketing Directors and Technology Directors of strong core organizations and institutions in major electronic torque wrench . We interviewed them to get qualitative and quantitative data.
The following are the justifications for purchasing the global Electronic Torque Wrench market report:
- Statistical data is well-referenced, and the source is a significant resource for directing interested companies.
- Market development trends and marketing channels that are cutting-edge are discussed.
- The feasibility and growth rate of the market as a whole over the foreseeable future are determined.
- The competitive landscape and demographic research provide a clear picture of the current state of the market on an international scale.
- A thorough examination of development policies and plans, manufacturing processes, and costing provides a more accurate picture of import/export consumption, supply and demand, pricing, revenue, and gross margins, among other things.
- Customization is possible based on the client's requirements.
Frequently Asked Questions
- GEDORE Torque Solutions GmbH
- Norbar Torque Tools
- RAD Torque Systems
- ITH
- BRAND TS
- Mountz
- ENERPAC
- TorcUP
- Alkitronic
Which sectors are forecasted to occupied the highest share in the Electronic Torque Wrench business?
Table Of Content
Table of Content 1 Report Overview 1.1 Study Scope 1.2 Key Market Segments 1.3 Regulatory Scenario by Region/Country 1.4 Market Investment Scenario Strategic 1.5 Market Analysis by Type 1.5.1 Global Electronic Torque Wrench Market Share by Type (2020-2026) 1.5.2 Straight Design 1.5.3 Angled Design 1.6 Market by Application 1.6.1 Global Electronic Torque Wrench Market Share by Application (2020-2026) 1.6.2 Transportation 1.6.3 Manufacturing & Assembly 1.6.4 Construction 1.6.5 Others 1.7 Electronic Torque Wrench Industry Development Trends under COVID-19 Outbreak 1.7.1 Global COVID-19 Status Overview 1.7.2 Influence of COVID-19 Outbreak on Electronic Torque Wrench Industry Development 2. Global Market Growth Trends 2.1 Industry Trends 2.1.1 SWOT Analysis 2.1.2 Porter’s Five Forces Analysis 2.2 Potential Market and Growth Potential Analysis 2.3 Industry News and Policies by Regions 2.3.1 Industry News 2.3.2 Industry Policies 2.4 Industry Trends Under COVID-19 3 Value Chain of Electronic Torque Wrench Market 3.1 Value Chain Status 3.2 Electronic Torque Wrench Manufacturing Cost Structure Analysis 3.2.1 Production Process Analysis 3.2.2 Manufacturing Cost Structure of Electronic Torque Wrench 3.2.3 Labor Cost of Electronic Torque Wrench 3.2.3.1 Labor Cost of Electronic Torque Wrench Under COVID-19 3.3 Sales and Marketing Model Analysis 3.4 Downstream Major Customer Analysis (by Region) 3.5 Value Chain Status Under COVID-19 4 Players Profiles 4.1 GEDORE Torque Solutions GmbH 4.1.1 GEDORE Torque Solutions GmbH Basic Information 4.1.2 Electronic Torque Wrench Product Profiles, Application and Specification 4.1.3 GEDORE Torque Solutions GmbH Electronic Torque Wrench Market Performance (2015-2020) 4.1.4 GEDORE Torque Solutions GmbH Business Overview 4.2 Norbar Torque Tools 4.2.1 Norbar Torque Tools Basic Information 4.2.2 Electronic Torque Wrench Product Profiles, Application and Specification 4.2.3 Norbar Torque Tools Electronic Torque Wrench Market Performance (2015-2020) 4.2.4 Norbar Torque Tools Business Overview 4.3 RAD Torque Systems 4.3.1 RAD Torque Systems Basic Information 4.3.2 Electronic Torque Wrench Product Profiles, Application and Specification 4.3.3 RAD Torque Systems Electronic Torque Wrench Market Performance (2015-2020) 4.3.4 RAD Torque Systems Business Overview 4.4 ITH 4.4.1 ITH Basic Information 4.4.2 Electronic Torque Wrench Product Profiles, Application and Specification 4.4.3 ITH Electronic Torque Wrench Market Performance (2015-2020) 4.4.4 ITH Business Overview 4.5 BRAND TS 4.5.1 BRAND TS Basic Information 4.5.2 Electronic Torque Wrench Product Profiles, Application and Specification 4.5.3 BRAND TS Electronic Torque Wrench Market Performance (2015-2020) 4.5.4 BRAND TS Business Overview 4.6 Mountz 4.6.1 Mountz Basic Information 4.6.2 Electronic Torque Wrench Product Profiles, Application and Specification 4.6.3 Mountz Electronic Torque Wrench Market Performance (2015-2020) 4.6.4 Mountz Business Overview 4.7 ENERPAC 4.7.1 ENERPAC Basic Information 4.7.2 Electronic Torque Wrench Product Profiles, Application and Specification 4.7.3 ENERPAC Electronic Torque Wrench Market Performance (2015-2020) 4.7.4 ENERPAC Business Overview 4.8 TorcUP 4.8.1 TorcUP Basic Information 4.8.2 Electronic Torque Wrench Product Profiles, Application and Specification 4.8.3 TorcUP Electronic Torque Wrench Market Performance (2015-2020) 4.8.4 TorcUP Business Overview 4.9 Alkitronic 4.9.1 Alkitronic Basic Information 4.9.2 Electronic Torque Wrench Product Profiles, Application and Specification 4.9.3 Alkitronic Electronic Torque Wrench Market Performance (2015-2020) 4.9.4 Alkitronic Business Overview 5 Global Electronic Torque Wrench Market Analysis by Regions 5.1 Global Electronic Torque Wrench Sales, Revenue and Market Share by Regions 5.1.1 Global Electronic Torque Wrench Sales by Regions (2015-2020) 5.1.2 Global Electronic Torque Wrench Revenue by Regions (2015-2020) 5.2 North America Electronic Torque Wrench Sales and Growth Rate (2015-2020) 5.3 Europe Electronic Torque Wrench Sales and Growth Rate (2015-2020) 5.4 Asia-Pacific Electronic Torque Wrench Sales and Growth Rate (2015-2020) 5.5 Middle East and Africa Electronic Torque Wrench Sales and Growth Rate (2015-2020) 5.6 South America Electronic Torque Wrench Sales and Growth Rate (2015-2020) 6 North America Electronic Torque Wrench Market Analysis by Countries 6.1 North America Electronic Torque Wrench Sales, Revenue and Market Share by Countries 6.1.1 North America Electronic Torque Wrench Sales by Countries (2015-2020) 6.1.2 North America Electronic Torque Wrench Revenue by Countries (2015-2020) 6.1.3 North America Electronic Torque Wrench Market Under COVID-19 6.2 United States Electronic Torque Wrench Sales and Growth Rate (2015-2020) 6.2.1 United States Electronic Torque Wrench Market Under COVID-19 6.3 Canada Electronic Torque Wrench Sales and Growth Rate (2015-2020) 6.4 Mexico Electronic Torque Wrench Sales and Growth Rate (2015-2020) 7 Europe Electronic Torque Wrench Market Analysis by Countries 7.1 Europe Electronic Torque Wrench Sales, Revenue and Market Share by Countries 7.1.1 Europe Electronic Torque Wrench Sales by Countries (2015-2020) 7.1.2 Europe Electronic Torque Wrench Revenue by Countries (2015-2020) 7.1.3 Europe Electronic Torque Wrench Market Under COVID-19 7.2 Germany Electronic Torque Wrench Sales and Growth Rate (2015-2020) 7.2.1 Germany Electronic Torque Wrench Market Under COVID-19 7.3 UK Electronic Torque Wrench Sales and Growth Rate (2015-2020) 7.3.1 UK Electronic Torque Wrench Market Under COVID-19 7.4 France Electronic Torque Wrench Sales and Growth Rate (2015-2020) 7.4.1 France Electronic Torque Wrench Market Under COVID-19 7.5 Italy Electronic Torque Wrench Sales and Growth Rate (2015-2020) 7.5.1 Italy Electronic Torque Wrench Market Under COVID-19 7.6 Spain Electronic Torque Wrench Sales and Growth Rate (2015-2020) 7.6.1 Spain Electronic Torque Wrench Market Under COVID-19 7.7 Russia Electronic Torque Wrench Sales and Growth Rate (2015-2020) 7.7.1 Russia Electronic Torque Wrench Market Under COVID-19 8 Asia-Pacific Electronic Torque Wrench Market Analysis by Countries 8.1 Asia-Pacific Electronic Torque Wrench Sales, Revenue and Market Share by Countries 8.1.1 Asia-Pacific Electronic Torque Wrench Sales by Countries (2015-2020) 8.1.2 Asia-Pacific Electronic Torque Wrench Revenue by Countries (2015-2020) 8.1.3 Asia-Pacific Electronic Torque Wrench Market Under COVID-19 8.2 China Electronic Torque Wrench Sales and Growth Rate (2015-2020) 8.2.1 China Electronic Torque Wrench Market Under COVID-19 8.3 Japan Electronic Torque Wrench Sales and Growth Rate (2015-2020) 8.3.1 Japan Electronic Torque Wrench Market Under COVID-19 8.4 South Korea Electronic Torque Wrench Sales and Growth Rate (2015-2020) 8.4.1 South Korea Electronic Torque Wrench Market Under COVID-19 8.5 Australia Electronic Torque Wrench Sales and Growth Rate (2015-2020) 8.6 India Electronic Torque Wrench Sales and Growth Rate (2015-2020) 8.6.1 India Electronic Torque Wrench Market Under COVID-19 8.7 Southeast Asia Electronic Torque Wrench Sales and Growth Rate (2015-2020) 8.7.1 Southeast Asia Electronic Torque Wrench Market Under COVID-19 9 Middle East and Africa Electronic Torque Wrench Market Analysis by Countries 9.1 Middle East and Africa Electronic Torque Wrench Sales, Revenue and Market Share by Countries 9.1.1 Middle East and Africa Electronic Torque Wrench Sales by Countries (2015-2020) 9.1.2 Middle East and Africa Electronic Torque Wrench Revenue by Countries (2015-2020) 9.1.3 Middle East and Africa Electronic Torque Wrench Market Under COVID-19 9.2 Saudi Arabia Electronic Torque Wrench Sales and Growth Rate (2015-2020) 9.3 UAE Electronic Torque Wrench Sales and Growth Rate (2015-2020) 9.4 Egypt Electronic Torque Wrench Sales and Growth Rate (2015-2020) 9.5 Nigeria Electronic Torque Wrench Sales and Growth Rate (2015-2020) 9.6 South Africa Electronic Torque Wrench Sales and Growth Rate (2015-2020) 10 South America Electronic Torque Wrench Market Analysis by Countries 10.1 South America Electronic Torque Wrench Sales, Revenue and Market Share by Countries 10.1.1 South America Electronic Torque Wrench Sales by Countries (2015-2020) 10.1.2 South America Electronic Torque Wrench Revenue by Countries (2015-2020) 10.1.3 South America Electronic Torque Wrench Market Under COVID-19 10.2 Brazil Electronic Torque Wrench Sales and Growth Rate (2015-2020) 10.2.1 Brazil Electronic Torque Wrench Market Under COVID-19 10.3 Argentina Electronic Torque Wrench Sales and Growth Rate (2015-2020) 10.4 Columbia Electronic Torque Wrench Sales and Growth Rate (2015-2020) 10.5 Chile Electronic Torque Wrench Sales and Growth Rate (2015-2020) 11 Global Electronic Torque Wrench Market Segment by Types 11.1 Global Electronic Torque Wrench Sales, Revenue and Market Share by Types (2015-2020) 11.1.1 Global Electronic Torque Wrench Sales and Market Share by Types (2015-2020) 11.1.2 Global Electronic Torque Wrench Revenue and Market Share by Types (2015-2020) 11.2 Straight Design Sales and Price (2015-2020) 11.3 Angled Design Sales and Price (2015-2020) 12 Global Electronic Torque Wrench Market Segment by Applications 12.1 Global Electronic Torque Wrench Sales, Revenue and Market Share by Applications (2015-2020) 12.1.1 Global Electronic Torque Wrench Sales and Market Share by Applications (2015-2020) 12.1.2 Global Electronic Torque Wrench Revenue and Market Share by Applications (2015-2020) 12.2 Transportation Sales, Revenue and Growth Rate (2015-2020) 12.3 Manufacturing & Assembly Sales, Revenue and Growth Rate (2015-2020) 12.4 Construction Sales, Revenue and Growth Rate (2015-2020) 12.5 Others Sales, Revenue and Growth Rate (2015-2020) 13 Electronic Torque Wrench Market Forecast by Regions (2020-2026) 13.1 Global Electronic Torque Wrench Sales, Revenue and Growth Rate (2020-2026) 13.2 Electronic Torque Wrench Market Forecast by Regions (2020-2026) 13.2.1 North America Electronic Torque Wrench Market Forecast (2020-2026) 13.2.2 Europe Electronic Torque Wrench Market Forecast (2020-2026) 13.2.3 Asia-Pacific Electronic Torque Wrench Market Forecast (2020-2026) 13.2.4 Middle East and Africa Electronic Torque Wrench Market Forecast (2020-2026) 13.2.5 South America Electronic Torque Wrench Market Forecast (2020-2026) 13.3 Electronic Torque Wrench Market Forecast by Types (2020-2026) 13.4 Electronic Torque Wrench Market Forecast by Applications (2020-2026) 13.5 Electronic Torque Wrench Market Forecast Under COVID-19 14 Appendix 14.1 Methodology 14.2 Research Data Source
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