Global Torque Wrenches Market - Industry Analysis Size Share Growth Trends and Forecast 2024 - 2031

Product Description

A torque wrench is a tool used to apply precisely a specific torque to a fastener such as a nut or bolt. It is usually in the form of a socket wrench with special internal mechanisms. It was invented by Conrad Bahr in 1918 while working for the New York City Water Department. It was designed to prevent overtightening bolts on water main and steam pipe repairs underground. The Torque Wrenches market revenue was xx Million USD in 2019, grew to xx Million USD in 2023, and will reach xx Million USD in 2031, with a CAGR of xx during 2024-2031. Considering the influence of COVID-19 on the global Torque Wrenches market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions. This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery. Under COVID-19 Outbreak, how the Torque Wrenches Industry will develop is also analyzed in detail in Chapter 1.8 of this report. Major Players in Torque Wrenches market are: HYTORC Norbar Torque Tools India Snap-on Apex Tool Group Atlas Copco TorcUP William Tools. Co., Ltd. WURTH TOHNICHI Mfg. Mac Master Actuant Stanley Black & Decker Most important types of Torque Wrenches products covered in this report are: Manual Powered Most widely used downstream fields of Torque Wrenches market covered in this report are: General industry Automotive Construction Aerospace Major Regions or countries covered in this report: North America Europe China Japan Middle East and Africa South America India South Korea Southeast Asia Others In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations. In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out. In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.