How Is The Vehicle Demand In APAC Outlining Automotive Torque Tools Market Outlook?

How Is The Vehicle Demand In APAC Outlining Automotive Torque Tools Market Outlook?

Automotive torque tools market share is slated to amass substantial gains in the forthcoming years, primarily driven by rise in the production of automobiles, coupled with complexities in advanced automobile assembling. As per International Organization of Motor Vehicle Manufacturers, the total vehicle production recorded in the U.S. was more than 11 million in the year 2018.

Constant innovations and up-gradation of available torque tools aimed at improving the automobile performance will support product penetration in the coming years. Electric tools facilitate fastening of critical joints accurately, safely and rapidly. In December 2016, Enerpac – an industrial equipment manufacturing company, launched an electric torque wrench with a 7” touchscreen that accurately fastened the critical joints.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/3311

Launch of tools that operate in adverse conditions will furthermore boost the industry landscape. Battery-powered products assist users to operate in areas lacking electricity and compressed air. Innovations by several leading companies such as the launch of digital B-RAD PLUS series by RAD torque systems in 2017, that came with automatic arm release and precise torque wrench setting up to 1 Nm.

Leading industry players are constantly investing in R&D activities to facilitate efficient and accurate tooling portfolio. Such as, on September 2019, Norbar Torque Tools introduced automatic torque wrench calibrator which is a wrench loading technique for performing calibration and testing. 

How is the demand for nutrunner boosting automotive torque tools industry forecast? Nutrunner is experiencing widespread demand over the years due to increased speed and accuracy and simplified method of operation. Constant innovations and advancements such as enhanced torque to weight ratio, higher durability, accuracy and increased power will positively influence global automotive torque tools market trends. Battery operated 4000 Nm nutrunner was launched by ITH Bolting Technology in May 2017 that comprised of wireless external data control system. This allowed the tool to carry out a range of operational torque and application on all connections that are higher than M16. Will the demand for adjustable tools impact global automotive torque tools market size? In terms of torque settings, the market is segmented into adjustable torque tools and preset torque tools. Adjustable torque tools account for a considerate share in the industry due to widespread operation range and simplified handling techniques. The tools are ideal for production and field service applications as they provide superior flexibility to the manufacturers. Enhanced quality, durability with improved control and consistency are some of the vital factors accelerating automotive torque tools industry share. In order to meet the production demand, industry players are upgrading their adjustable wrench tools by increasing the torque range. Such as, BIW Industrial launched a wrench with an adjustable range of up to 1,000Nm in January 2019. Request for Discount @ https://www.decresearch.com/request-discount/3311 What are the major factors steering Asia Pacific Automotive Torque Tools Market trends? Regionally, Asia Pacific is expected to evolve as one of the most significant regional grounds for automotive torque tools demand in the coming years. The rise in urbanization in the region along with the increase in purchasing power has led to the consistent growth of several automobile giants such as Suzuki, Toyota, Honda and Kia that are expanding their production scale to meet a burgeoning demand.   As per OICA, the automobile production recorded in the year 2018 had increased by more than 9% since 2013 across APAC. Investments made by several public as well as private entities to strengthen the automotive sector will furthermore bolster product penetration. For instance, in 2017, British automobile giant MG motors made an initial investment of over USD 29 million to set up a production unit in Gujrat, India. Later, the company announced an investment of USD 350 million along with SAIC motor corporation. Table of Contents (ToC) of the report:

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition & forecast parameters

1.2. Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Automotive Torque Tools Market Summary

2.1. Automotive torque tools industry 3600 synopsis, 2013 – 2025

2.1.1. Business trends

2.1.2. Tools trends

2.1.3. Operating mechanism trends

2.1.4. Type trends

2.1.5. Torque setting trends

2.1.6. Regional trends

Chapter 3. Automotive Torque Tools Market Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2025

3.3. Industry ecosystem analysis

3.3.1. Raw material suppliers

3.3.2. Manufacturers

3.3.3. Profit margin trends

3.3.4. Distribution channel analysis

3.3.5. Vendor matrix

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/automotive-torque-tool-market