Electric Torque Wrench Market size was valued at USD 1.5 Billion in 2024 and is forecasted to grow at a CAGR of 7.5% from 2026 to 2033, reaching USD 2.8 Billion by 2033.
The global Electric Torque Wrench Market was valued at approximately USD 210.5 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2023 to 2030. This growth is driven by the increasing demand for precision tightening tools across automotive, aerospace, energy, and heavy equipment sectors. Electric torque wrenches, known for their accuracy, ease of use, and reduced physical strain on operators, are becoming integral in industrial maintenance and assembly operations. North America accounted for the largest share in 2022, contributing around USD 68.4 million, owing to significant investments in infrastructure maintenance and advanced manufacturing. Europe followed closely, supported by stringent workplace safety standards and growing automation in production lines.
The Asia Pacific region is expected to witness the fastest CAGR of 6.1% through 2030, led by expanding automotive and energy industries in China, India, and Southeast Asia. The rising adoption of electric torque tools in wind energy projects and metro rail development is creating notable growth opportunities. Additionally, increasing awareness of ergonomics and worker safety is pushing industries in these regions to replace traditional manual wrenches with electrically powered alternatives. Latin America and the Middle East & Africa are showing steady growth, fueled by oil & gas sector developments and infrastructure modernization efforts. Opportunities in the market include the integration of digital torque monitoring systems, IoT enabled calibration alerts, and battery powered high torque models suited for remote or mobile operations. As smart manufacturing becomes more prevalent, electric torque wrenches with data logging and connectivity features are expected to gain traction across global markets.
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Enerpac
Hytorc
Hydratight
ITH
TorcUP
Powermaster
Norwolf Tool Works
Plarad
WREN
HTL
Torq/Lite
TorsionX
Torc-Tech
Maxpro Corporation
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 Electric Torque Wrench Market
Corded Electric Torque Wrench
Cordless Electric Torque Wrench
Pneumatic Electric Torque Wrench
Automotive Industry
Construction
Aerospace
Manufacturing
Energy Sector
Digital Torque Wrenches
Mechanical Torque Wrenches
Smart Torque Wrenches (IoT-enabled)
Professional Mechanics
Garage and Workshop Owners
Industrial Operators
DIY Enthusiasts
Manual
Automated
Semi-Automated
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 Electric Torque Wrench 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 Electric Torque Wrench Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Torque Wrench Market, By Type
6. Global Electric Torque Wrench Market, By Application
7. Global Electric Torque Wrench Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Electric Torque Wrench Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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