PUBLISHER: Grand View Research | PRODUCT CODE: 1888639
PUBLISHER: Grand View Research | PRODUCT CODE: 1888639
Increasing industrial activities in these domains drive the demand for precise and efficient torque tools, pivotal in assembly and fastening applications. The market benefits from growing industrialization and the need for high-quality tools to maintain safety and performance standards, especially in countries with robust manufacturing bases.
Technological advancements in the electric torque tools themselves also fuel market growth. Innovations include improvements in battery technology, smart features such as real-time torque monitoring, and ergonomic cordless designs that enhance user efficiency while reducing operator fatigue and errors. These advancements meet the increasing demand for precision, traceability, and safety in assembly processes across diverse industries, including aerospace and automotive.
Another significant driver is the rising adoption of global electric vehicles (EVs) and hybrid models. EVs' complex design and assembly requirements necessitate specialized torque tools for accurately tightening electric motors, battery packs, and other components. Government incentives and stricter environmental regulations have accelerated the shift toward electrification in the automotive sector, further boosting torque tool demand tailored to EV manufacturing and maintenance.
Global Electric Torque Tools Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global electric torque tools market report based on product, end use, and region: