DC Torque Tool Market Size Expected to Hit US$ 9.16 Billion by 2034, exhibiting 5.7% CAGR

Furniture Manufacturing and Medical Device Assembly Becoming Easier with DC Torque Tools: Fact. MR Report

Based on the newly published report by Fact.MR, a market research and competitive intelligence provider, the global DC torque tool market is estimated to reach US$ 5.25 billion in 2024. The market is further analyzed to advance at a CAGR of 5.7% between 2024 and 2034.

Due to their widespread use in several sectors and their adaptability, DC torque instruments are in increased demand globally. From the automobile and aerospace industries to the electronics and renewable energy sectors, these precise devices have become crucial. The capacity of DC torque tools to generate accurate, constant torque with programmable settings is the reason for their increasing popularity. They are perfect for contemporary production processes because of their small size, increased efficiency, and data logging capabilities. More businesses are realizing the importance of these technologies for raising output, cutting down on mistakes, and guaranteeing quality.

The ability of DC torque tools to work with digital systems puts them at the forefront of industrial innovation, particularly as companies throughout the world focus on automation and smart production. Due to their low air need, these tools are environmentally benign and in line with the rising environmental concerns. Thereby, the demand for DC torque tools is rising sharply due to a combination of accuracy, adaptability, and technical innovation.

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Key Takeaways from the Market Study

• The global DC torque tool market is forecasted to reach a valuation of US$ 9.16 billion by the year 2034.
• The East Asia market is estimated to progress at a CAGR of 6.3% between 2024 and 2034.
• The North American region is projected to hold a market share of 28.6% in 2024.
• By the end of 2034, the market in Mexico is analyzed to reach a valuation of US$ 204 million.
• The market in Japan is approximated to hold a share of 28.8% in the East Asia region by the end of 2034.
• Based on the power source, the cordless segment is estimated to reach a valuation of US$ 1.95 billion in 2024.

“Data logging capabilities and reduced fatigue is hiking the demand for DC torque tools around the world,” says a Fact.MR analyst.

Leading Players Driving Innovation in the DC Torque Tool Market

Key players in the DC torque tool industry are Haimer, Dynabrade, Ingersoll Rand, Interpump, Uryu, Desoutter, Sanyo NSK, Cleco, Tekron, Apex Tool Group, Nitto Kohki, Chicago Pneumatic, Miwaukee Tool, Atlas Copco, CPS.

IoT Technology is Revolutionizing Data Collection and Making DC Torque Tools More Popular

Integrating Internet of Things (IoT) technology makes data collecting and analysis possible in real-time. This improves quality control procedures and makes predictive maintenance possible. The torque accuracy is improved, mistakes are being decreased, and overall productivity is rising thanks to advanced sensors and machine learning algorithms. User comfort and fatigue reduction are also addressed by ergonomic designs that provide better weight distribution and vibration reduction. Moreover, longer operating hours are achieved via improved battery technology, which is essential for large-scale industrial applications.

These days, several models have augmented reality interfaces that walk users through intricate construction procedures. Blockchain technology is also becoming popular for use in secure data recording, particularly in sectors with stringent regulatory requirements. The demand for DC torque tools is rising sharply due to these innovative capabilities, which are not only drawing in new users but also motivating current ones to upgrade.

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DC Torque Tool Industry News:

• In August 2022, LENOX introduced their revolutionary reciprocating saw blade technology, WAVE EDGE. In addition to most MULTIWOLF varieties, it is now present in a few METALWOLF and DEMOWOLF models. A limited number of reciprocating saw blades made by LUMBERWOLF and DEMOWOLF now feature the recently released RAPID PLUNGE technology by LENOX.
• In June 2022, DEWALT expanded the size of its ATOMIC EXPAND Series. It includes a variety of small, light measuring and layout tools designed to boost productivity at work. A few new design elements are added to the present lineup with the hand tool series.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the DC torque tool market for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on power source (cordless, corded), and vertical (shipbuilding, automotive, energy, electronics & consumer appliances, aerospace), across seven major regions of the world (North America, Latin America, Eastern Europe, Western Europe, East Asia, South Asia & Pacific, and MEA).

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