Corded DC Torque Tool Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 1.8 Billion by 2033 at a CAGR of 5.1% from 2026 to 2033.
The Corded DC Torque Tool Market was valued at approximately USD 2.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2030. This growth is primarily driven by the increasing demand for precision assembly tools in automotive, aerospace, and industrial manufacturing sectors. The tools offer higher torque accuracy, consistent performance, and greater reliability in production environments, making them favorable over traditional torque tools. The Asia Pacific region held the largest market share in 2022, accounting for over 38% of the global market, owing to rapid industrialization and expansion of automotive manufacturing hubs in countries like China, Japan, and South Korea. North America followed closely, with a market share of around 27%, supported by a strong presence of advanced manufacturing units and increased investments in automation and electric vehicle production lines.
Europe accounted for roughly 22% of the total market share in 2022, driven by stringent quality standards in industrial production and a focus on sustainable, efficient tooling solutions. Meanwhile, Latin America and the Middle East & Africa regions contributed smaller shares, collectively representing about 13% of the market, but are expected to witness gradual growth due to increasing adoption of automated assembly lines. Market opportunities lie in the development of energy efficient, ergonomically designed torque tools and integration with Industry 4.0 technologies such as real time monitoring and data analytics. Additionally, government initiatives supporting industrial automation and increasing demand for high precision torque control in safety critical applications present growth avenues for manufacturers and suppliers in the global corded DC torque tool market.
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Atlas Copco AB (Sweden)
Robert Bosch GmbH (Germany)
Stanley Black & Decker
Inc (US)
Apex Tool Group
LLC (US)
Ingersoll Rand plc (Ireland)
Hilti Corporation (Liechtenstein)
Makita Corporation (Japan)
Techtronic Industries Company Limited (Japan)
Uryu Seisaku
Ltd. (Japan)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Corded DC Torque Tool Market
Automotive Industry
Construction Industry
Aerospace Industry
Industrial Equipment Manufacturing
Electronics and Electrical Equipment
Handheld Corded DC Torque Tools
Bench Corded DC Torque Tools
Original Equipment Manufacturers (OEMs)
Maintenance, Repair, and Overhaul (MRO) Service Providers
Industrial Plants
Low Torque Range (up to 50 Nm)
Medium Torque Range (51 Nm to 500 Nm)
High Torque Range (Above 500 Nm)
Electric-powered
Pneumatic-powered
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Corded DC Torque Tool Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Corded DC Torque Tool Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Corded DC Torque Tool Market, By Type
6. Global Corded DC Torque Tool Market, By Application
7. Global Corded DC Torque Tool Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Corded DC Torque Tool Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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