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Global Electric Torque Wrench Market Research Report 2025
Synopsis
An electric torque wrench is a planetary torque multiplier or a "gearbox" mated to a brushless electric motor.
The global Electric Torque Wrench market was valued at US$ 41 million in 2023 and is anticipated to reach US$ 50 million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.
North American market for Electric Torque Wrench is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Electric Torque Wrench is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Electric Torque Wrench include Enerpac, Hytorc, Hydratight, ITH, TorcUP, Powermaster, Norwolf Tool Works, Plarad and WREN, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Electric Torque Wrench, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Torque Wrench.
Report Scope
The Electric Torque Wrench market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Torque Wrench market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electric Torque Wrench manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Enerpac
Hytorc
Hydratight
ITH
TorcUP
Powermaster
Norwolf Tool Works
Plarad
WREN
HTL
Torq/Lite
TorsionX
Torc-Tech
Maxpro Corporation
Segment by Type
Straight Type Electric Torque Wrench
Angled Type Electric Torque Wrench
Segment by Application
Oil & Gas
Plants and Refineries
Power Industry
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electric Torque Wrench manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electric Torque Wrench by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electric Torque Wrench in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
An electric torque wrench is a planetary torque multiplier or a "gearbox" mated to a brushless electric motor.
The global Electric Torque Wrench market was valued at US$ 41 million in 2023 and is anticipated to reach US$ 50 million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.
North American market for Electric Torque Wrench is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Electric Torque Wrench is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Electric Torque Wrench include Enerpac, Hytorc, Hydratight, ITH, TorcUP, Powermaster, Norwolf Tool Works, Plarad and WREN, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Electric Torque Wrench, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Torque Wrench.
Report Scope
The Electric Torque Wrench market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Torque Wrench market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electric Torque Wrench manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Enerpac
Hytorc
Hydratight
ITH
TorcUP
Powermaster
Norwolf Tool Works
Plarad
WREN
HTL
Torq/Lite
TorsionX
Torc-Tech
Maxpro Corporation
Segment by Type
Straight Type Electric Torque Wrench
Angled Type Electric Torque Wrench
Segment by Application
Oil & Gas
Plants and Refineries
Power Industry
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electric Torque Wrench manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electric Torque Wrench by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electric Torque Wrench in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Electric Torque Wrench Market Overview
1.1 Product Definition
1.2 Electric Torque Wrench Segment by Type
1.2.1 Global Electric Torque Wrench Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Straight Type Electric Torque Wrench
1.2.3 Angled Type Electric Torque Wrench
1.3 Electric Torque Wrench Segment by Application
1.3.1 Global Electric Torque Wrench Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Oil & Gas
1.3.3 Plants and Refineries
1.3.4 Power Industry
1.3.5 Other
1.4 Global Market Growth Prospects
1.4.1 Global Electric Torque Wrench Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Electric Torque Wrench Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Electric Torque Wrench Production Estimates and Forecasts (2019-2030)
1.4.4 Global Electric Torque Wrench Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Electric Torque Wrench Production Market Share by Manufacturers (2019-2024)
2.2 Global Electric Torque Wrench Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Electric Torque Wrench, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Electric Torque Wrench Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Electric Torque Wrench Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Electric Torque Wrench, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Electric Torque Wrench, Product Offered and Application
2.8 Global Key Manufacturers of Electric Torque Wrench, Date of Enter into This Industry
2.9 Electric Torque Wrench Market Competitive Situation and Trends
2.9.1 Electric Torque Wrench Market Concentration Rate
2.9.2 Global 5 and 10 Largest Electric Torque Wrench Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Electric Torque Wrench Production by Region
3.1 Global Electric Torque Wrench Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Electric Torque Wrench Production Value by Region (2019-2030)
3.2.1 Global Electric Torque Wrench Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Electric Torque Wrench by Region (2025-2030)
3.3 Global Electric Torque Wrench Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Electric Torque Wrench Production by Region (2019-2030)
3.4.1 Global Electric Torque Wrench Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Electric Torque Wrench by Region (2025-2030)
3.5 Global Electric Torque Wrench Market Price Analysis by Region (2019-2024)
3.6 Global Electric Torque Wrench Production and Value, Year-over-Year Growth
3.6.1 North America Electric Torque Wrench Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Electric Torque Wrench Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Electric Torque Wrench Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Electric Torque Wrench Production Value Estimates and Forecasts (2019-2030)
4 Electric Torque Wrench Consumption by Region
4.1 Global Electric Torque Wrench Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Electric Torque Wrench Consumption by Region (2019-2030)
4.2.1 Global Electric Torque Wrench Consumption by Region (2019-2024)
4.2.2 Global Electric Torque Wrench Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Electric Torque Wrench Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Electric Torque Wrench Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Electric Torque Wrench Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Electric Torque Wrench Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Electric Torque Wrench Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Electric Torque Wrench Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Electric Torque Wrench Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Electric Torque Wrench Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Electric Torque Wrench Production by Type (2019-2030)
5.1.1 Global Electric Torque Wrench Production by Type (2019-2024)
5.1.2 Global Electric Torque Wrench Production by Type (2025-2030)
5.1.3 Global Electric Torque Wrench Production Market Share by Type (2019-2030)
5.2 Global Electric Torque Wrench Production Value by Type (2019-2030)
5.2.1 Global Electric Torque Wrench Production Value by Type (2019-2024)
5.2.2 Global Electric Torque Wrench Production Value by Type (2025-2030)
5.2.3 Global Electric Torque Wrench Production Value Market Share by Type (2019-2030)
5.3 Global Electric Torque Wrench Price by Type (2019-2030)
6 Segment by Application
6.1 Global Electric Torque Wrench Production by Application (2019-2030)
6.1.1 Global Electric Torque Wrench Production by Application (2019-2024)
6.1.2 Global Electric Torque Wrench Production by Application (2025-2030)
6.1.3 Global Electric Torque Wrench Production Market Share by Application (2019-2030)
6.2 Global Electric Torque Wrench Production Value by Application (2019-2030)
6.2.1 Global Electric Torque Wrench Production Value by Application (2019-2024)
6.2.2 Global Electric Torque Wrench Production Value by Application (2025-2030)
6.2.3 Global Electric Torque Wrench Production Value Market Share by Application (2019-2030)
6.3 Global Electric Torque Wrench Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Enerpac
7.1.1 Enerpac Electric Torque Wrench Corporation Information
7.1.2 Enerpac Electric Torque Wrench Product Portfolio
7.1.3 Enerpac Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Enerpac Main Business and Markets Served
7.1.5 Enerpac Recent Developments/Updates
7.2 Hytorc
7.2.1 Hytorc Electric Torque Wrench Corporation Information
7.2.2 Hytorc Electric Torque Wrench Product Portfolio
7.2.3 Hytorc Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Hytorc Main Business and Markets Served
7.2.5 Hytorc Recent Developments/Updates
7.3 Hydratight
7.3.1 Hydratight Electric Torque Wrench Corporation Information
7.3.2 Hydratight Electric Torque Wrench Product Portfolio
7.3.3 Hydratight Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Hydratight Main Business and Markets Served
7.3.5 Hydratight Recent Developments/Updates
7.4 ITH
7.4.1 ITH Electric Torque Wrench Corporation Information
7.4.2 ITH Electric Torque Wrench Product Portfolio
7.4.3 ITH Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.4.4 ITH Main Business and Markets Served
7.4.5 ITH Recent Developments/Updates
7.5 TorcUP
7.5.1 TorcUP Electric Torque Wrench Corporation Information
7.5.2 TorcUP Electric Torque Wrench Product Portfolio
7.5.3 TorcUP Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.5.4 TorcUP Main Business and Markets Served
7.5.5 TorcUP Recent Developments/Updates
7.6 Powermaster
7.6.1 Powermaster Electric Torque Wrench Corporation Information
7.6.2 Powermaster Electric Torque Wrench Product Portfolio
7.6.3 Powermaster Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Powermaster Main Business and Markets Served
7.6.5 Powermaster Recent Developments/Updates
7.7 Norwolf Tool Works
7.7.1 Norwolf Tool Works Electric Torque Wrench Corporation Information
7.7.2 Norwolf Tool Works Electric Torque Wrench Product Portfolio
7.7.3 Norwolf Tool Works Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Norwolf Tool Works Main Business and Markets Served
7.7.5 Norwolf Tool Works Recent Developments/Updates
7.8 Plarad
7.8.1 Plarad Electric Torque Wrench Corporation Information
7.8.2 Plarad Electric Torque Wrench Product Portfolio
7.8.3 Plarad Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Plarad Main Business and Markets Served
7.7.5 Plarad Recent Developments/Updates
7.9 WREN
7.9.1 WREN Electric Torque Wrench Corporation Information
7.9.2 WREN Electric Torque Wrench Product Portfolio
7.9.3 WREN Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.9.4 WREN Main Business and Markets Served
7.9.5 WREN Recent Developments/Updates
7.10 HTL
7.10.1 HTL Electric Torque Wrench Corporation Information
7.10.2 HTL Electric Torque Wrench Product Portfolio
7.10.3 HTL Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.10.4 HTL Main Business and Markets Served
7.10.5 HTL Recent Developments/Updates
7.11 Torq/Lite
7.11.1 Torq/Lite Electric Torque Wrench Corporation Information
7.11.2 Torq/Lite Electric Torque Wrench Product Portfolio
7.11.3 Torq/Lite Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Torq/Lite Main Business and Markets Served
7.11.5 Torq/Lite Recent Developments/Updates
7.12 TorsionX
7.12.1 TorsionX Electric Torque Wrench Corporation Information
7.12.2 TorsionX Electric Torque Wrench Product Portfolio
7.12.3 TorsionX Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.12.4 TorsionX Main Business and Markets Served
7.12.5 TorsionX Recent Developments/Updates
7.13 Torc-Tech
7.13.1 Torc-Tech Electric Torque Wrench Corporation Information
7.13.2 Torc-Tech Electric Torque Wrench Product Portfolio
7.13.3 Torc-Tech Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Torc-Tech Main Business and Markets Served
7.13.5 Torc-Tech Recent Developments/Updates
7.14 Maxpro Corporation
7.14.1 Maxpro Corporation Electric Torque Wrench Corporation Information
7.14.2 Maxpro Corporation Electric Torque Wrench Product Portfolio
7.14.3 Maxpro Corporation Electric Torque Wrench Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Maxpro Corporation Main Business and Markets Served
7.14.5 Maxpro Corporation Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Electric Torque Wrench Industry Chain Analysis
8.2 Electric Torque Wrench Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Electric Torque Wrench Production Mode & Process
8.4 Electric Torque Wrench Sales and Marketing
8.4.1 Electric Torque Wrench Sales Channels
8.4.2 Electric Torque Wrench Distributors
8.5 Electric Torque Wrench Customers
9 Electric Torque Wrench Market Dynamics
9.1 Electric Torque Wrench Industry Trends
9.2 Electric Torque Wrench Market Drivers
9.3 Electric Torque Wrench Market Challenges
9.4 Electric Torque Wrench Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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