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The worldwide market for Torque Wrench is expected to grow at a CAGR of roughly 4.1% over the next five years, will reach 7560 million US$ in 2023, from 5930 million US$ in 2017, according to a new study.The Torque Wrench Industry report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Torque Wrench industry analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
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A torque wrench is a tool used to precisely apply 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.
A torque wrench is used where the tightness of screws and bolts is crucial. It allows the operator to measure the torque applied to the fastener so it can be matched to the specifications for a particular application. This permits proper tension and loading of all parts.
A torque wrench measures torque as a proxy for bolt tension. The technique suffers from inaccuracy due to inconsistent or uncalibrated friction between the fastener and its mating hole. Measuring bolt tension (bolt stretch) is more accurate but often torque is the only practical means of measurement.
This report focuses on the Torque Wrench in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Indirect marketing, also means distribution, is an important supplement of direct marketing. Today, in certain consumer goods industry, distribution has been the major marketing channel. Through sign specific contact with the professional retailers, manufacturers can get more orders without extra cost on marketing. Certainly, the distributors will occupy part profit among the marketing of products.
When the manufacturers entered into a target market, find some professional distributors can be useful. These distributors have a clearer sense of the local market.
The most prominent feature of modern marketing is the e-commerce. E-commerce is the buying and selling of goods and services over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
As the fast development of internet technology, E-commerce is becoming more and more popular. Most manufacturers have built their sales website or operated an official sales store in the ecommerce platform. E-commerce can decrease the investment on solid stores and manufacturers can get the market sales conditions easily as the sales data can be counted easily.
Complete report on Torque Wrench Industry spread across 153 pages, profiling 20 companies and supported with tables and figures. Inquire for more at - https://www.orianresearch.com/enquiry-before-buying/558764 .
The Manufacturers Analyzed in Global Torque Wrench Market are – Snap-on (CDI), Norbar, Proto, TONE, Tohnichi, Enerpac, TEKTON, FACOM, SATA Tools, Armstrong, Precision Instruments, Craftsman, Powermaster, Hytorc, Plarad, Mountz, K-Tool, Primo Tools, Park Tool and Jinan Hanpu.
Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
• Manual Torque Wrench
• Pneumatic Torque Wrench
• Electronic Torque Wrench
Market Segment by Applications, can be divided into
• Automotive
• Engineering & Construction
• Shipping & Aerospace
• Other
Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. Third by regions, this report focuses on the sales (consumption), production, import and export of Torque Wrench in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
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There are 15 Chapters to deeply display the Global Torque Wrench Market -
Chapter 1, to describe Torque Wrench Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Torque Wrench, with sales, revenue, and price of Torque Wrench, in 2016 and 2018;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2018;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Torque Wrench, for each region, from 2012 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2012 to 2018;
Chapter 12, Torque Wrench Market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Torque Wrench sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Major Points Covered in Table of Contents:
1 Market Overview
2 Manufacturers Profiles
3 Global Torque Wrench Market Competition, by Manufacturer
4 Global Torque Wrench Market Analysis by Regions
5 North America Torque Wrench by Countries, Type, Application and Manufacturers
6 Europe Torque Wrench by Countries, Type, Application and Manufacturers
7 Asia-Pacific Torque Wrench by Countries, Type, Application and Manufacturers
8 South America Torque Wrench by Countries, Type, Application and Manufacturers
9 Middle East and Africa Torque Wrench by Countries, Type, Application and Manufacturers
10 Global Torque Wrench Market Segment by Type
11 Global Torque Wrench Market Segment by Application
12 Torque Wrench Market Forecast (2018-2023)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
Author List
Disclosure Section
Research Methodology
Data Source
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