Upcoming Allied Market Research
Hydraulic Torque Wrench Market

Hydraulic Torque Wrench Market

by Product Type, (Drive Hydraulic Wrench, and Hollow Hydraulic Wrench), Application (Oil & Gas, Plants and Refineries, Power Industry), and Distribution Channel (Original Equipment Manufacturer (OEM) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A13590
Pages: NA
Nov 2022 | 1265 Views
Author(s) : Onkar S
Tables: NA
Charts: NA
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.



Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Hydraulic Torque Wrench Market

Request Now !

A torque wrench is a tool used to accurately insert the appropriate torque into a fastener such as a bolt or a nut. Torque tools are used where the strength of bolts and screws is important. These types of tools allow the torque gauge used on a fastener, such as a screw or a nut, to be adapted to the conditions of a particular application. A hydraulic torque wrench is a power tool designed to apply torque to a fastener to achieve tightness or to release the connection.

Market Scope and Structure Analysis

The hydraulic torque wrench tools market (gun/wrench) is projected to grow rapidly during the monsoon season, due to increase in demand for torque wrench tools (gun/wrench) in various industries such as automotive and construction. Torque wrench tools are widely used during car repairs and car manufacturing operations. Asia-Pacific is expected to see the highest demand for torque tools (gun/wrench) from 2019 to 2027. This is largely due to demand from the automotive and manufacturing industries in leading manufacturing countries such as China, India, and Japan. In addition, the expansion of the automotive industry in Asia-Pacific is expected to address the need for torque tools (gun/screw) to increase the production quality of industrial parts and automotive parts. Europe had the largest share of the global arms market (gun/screw). This is due to the increase in export and import and the adoption of advanced technologies in the region. In addition, Europe is a hub for the automotive industry, thanks to the presence of high-tech manufacturers, such as BMW, Volvo, and Audi, in the region.

Report Metric


Market size available for years


 Base year considered


  Forecast period


  Forecast unit

  Value (USD)

  Segments covered

Product Type, Distribution Channel, Application, and Region

  Regions covered

North America, Europe, Asia-Pacific, LAMEA

  Companies covered

Enerpac, Hytorc, Hydratight, ITH, TorcUP, Powermaster, Norwolf Tool Works, Plarad, WREN, HTL, Torq/Lite, TorsionX


COVID-19 Impact Analysis

  • COVID-19 pandemic has shut down the production of various products in the hydraulic torque wrench industry attributed to the lockdown in countries worldwide. This has hampered the growth of the hydraulic torque wrench market from the last few months and is likely to continue during 2021.
  • COVID-19 has already affected the sales of the hydraulic torque wrench market in the first quarter of 2021 and is anticipated to harm the market growth throughout the year.
  • COVID-19 has affected the market in 2020, leading to a decline in the shipping of hydraulic torque wrench as well as revenue received from them. Due to this, the decline in market growth showed in the first half of 2020.
  • The COVID-19 epidemic has a devastating effect on hydraulic torque wrench market prices. India, U.S., China, and Japan have been hit hard by the epidemic, are playing a key role in the production of the hydraulic torque wrench that is being promoted worldwide. The automotive and rail and defense industries see little hope, which is expected to continue for a brief period due to land recession.
  • This trend is hoped to discontinue in another half of the year as the need is expected to increase due to the growing need from construction machinery, mining industry, petrochemical industry, aerospace, transportation, and marine.

Top Impacting Factors

The expansion of the automotive, manufacturing, and construction industries is expected to improve the hydraulic torque wrench tool market (gun/screw) during the forecast period. This is due to its use in these industries. In addition, the rise of new products, such as manufacturers that incorporate more innovations into the design of torque tools and improve their reliability, is expected to improve the global torque tool market (gun/screw). Increased production of electric and hybrid vehicles is expected to provide an opportunity for a tool manufacturer of torque (gun/wrench) worldwide. Increased traffic congestion is estimated to further the need for special equipment and tools to assist vehicles. This is expected to increase the market demand for torque tools (gun/screw) soon. Torque tools (guns/screws) are operational devices and skilled workers are needed to operate or operate them. This increases labor costs, thus hampering the demand for torque tools (gun/screw). However, volatile price volatility is also a major factor that is expected to disrupt the market growth.

Marketing Trends

  • May 2021, ITH Bolting Technology, became the exclusive and official partner of the Cordless Alliance System (CAS) in May 2021. ITH is the worldwide leading system supplier in bolting technology. It develops prefixed system solutions and bolting tools to strengthen and loosen bolt connections by wires diameter greater than 16 mm. The company is from the Sauerlandarea in West Germany which is a leading global provider of technology reinforcement.
  • Plarad, a global company exhibits at the first virtual joint stand of the North Rhine - Westphalia in West Energy, in November 2020, by showcasing their reliable bolting technology products.
  • Agro Hytos a famous company in the hydraulic industry, launch EL7 in June 2021, The EL7 offers a wide range of input signals that is analog and provide customer the opportunity to switch to the bus interface named as CAN. Each item is easily accessible using the ARGO-HYTOS app, which is free to download for iOS and Android.

Key Segments Covered


  • Drive Hydraulic Wrench
  • Hollow Hydraulic Wrench

Distribution Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket


  • Oil & Gas
  • Plants and Refineries
  • Power Industry


  • North America 
    • U.S.
    • Canada
    • Mexico
  • Europe 
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific  
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA 
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the hydraulic torque wrench market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the hydraulic torque wrench market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the hydraulic torque wrench market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed hydraulic torque wrench market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Mobile Cranes Report

  • Who are the leading global players in the "hydraulic torque wrench" market?
  • What are the current trends and predicted trends?
  • What is "hydraulic torque wrench market"?
  • What is "hydraulic torque wrench" market prediction in the future?
  • What are the challenges faced in the "hydraulic torque wrench" market?
  • What are the driving factors and opportunities in the market?
  • What are the key benefits of the "hydraulic torque wrench" market report?   

Hydraulic Torque Wrench Market Report Highlights

Aspects Details
By Product
  • Drive Hydraulic Wrench
  • Hollow Hydraulic Wrench
By Application
  • Oil & Gas
  • Plants and Refineries
  • Power Industry
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Enerpac, Hytorc, Hydratight, ITH, TorcUP, Powermaster, Norwolf Tool Works, Plarad, HTL, TorsionX

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Hydraulic Torque Wrench Market

Start reading.
This Report and over 19,300+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,930
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,870
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers