Torque Tools (Gun/Wrench) Market
Torque Tools (Gun/Wrench) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Torque Tools (Gun/Wrench) Market Size and Growth
The global Torque Tools (Gun/Wrench) market is witnessing steady growth, driven by increasing industrial automation and demand for precise fastening solutions. As of 2023, the market size is estimated at approximately $1.2 billion, with a projected CAGR of 5.5% over the next five years, influenced by advancements in technology and material handling.
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Companies Covered
(Covid 19 Impact Covered)
◍ Facom
◍ Proto
◍ Stahlwille
◍ Tohnichi
◍ King Tony
◍ Gedore
The Torque Tools (Gun/Wrench) Market is competitive, with companies like Facom, Proto, Stahlwille, Tohnichi, King Tony, and Gedore driving innovation. They enhance product efficiency and reliability, fostering market growth. Sales revenue figures include:
- Facom: €300 million
- Proto: $200 million
- Stahlwille: €150 million.
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Market Segmentation
By Application
◍ Power Generation
◍ Automotive
By Product
◍ Hydraulic Torque Wrench ◍ Aviation and Aerospace ◍ Oil and Gas
◍ Heavy Duty Equipment and Engines
◍ Manual Torque Wrenches
◍ Pneumatic Torque Wrenches
◍ Electronic Torque Wrenches
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Market Growth
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$ X Billion USD
