Global Torque Wrenches Market Research Report 2021 - Impact of COVID-19 on the Market

SKU ID : Maia- 19113547

Publishing Date : 09-Sep-2021

No. of pages : 117

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  • A torque wrench is a tool used to apply precisely a specific torque to a fastener such as a nut or bolt. It is usually in the form of a socket wrench with special internal mechanisms. It was invented by Conrad Bahr in 1918 while working for the New York City Water Department. It was designed to prevent overtightening bolts on water main and steam pipe repairs underground.
    The Torque Wrenches market revenue was xx Million USD in 2016, grew to xx Million USD in 2021, and will reach xx Million USD in 2026, with a CAGR of xx during 2021-2026.

    Considering the influence of COVID-19 on the global Torque Wrenches market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions.

    This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery.

    Under COVID-19 Outbreak, how the Torque Wrenches Industry will develop is also analyzed in detail in Chapter 1.8 of this report.

    Major Players in Torque Wrenches market are:
    Snap-on
    TOHNICHI Mfg.
    Actuant
    Stanley Black & Decker
    HYTORC
    WURTH
    Apex Tool Group
    William Tools. Co., Ltd.
    Mac Master
    Norbar Torque Tools India
    TorcUP
    Atlas Copco

    Most important types of Torque Wrenches products covered in this report are:
    Manual
    Powered

    Most widely used downstream fields of Torque Wrenches market covered in this report are:
    General industry
    Automotive
    Construction
    Aerospace

    Major Region

    s or countries covered in this report:
    North America
    Europe
    China
    Japan
    Middle East and Africa
    South America
    India
    South Korea
    Southeast Asia
    Others

    In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations.

    In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out.

    In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.

    Years considered for this report:


    Historical Years:

    2016-2020

    Base Year:

    2020

    Estimated Year:

    2021

    Forecast Period:

    2021-2026

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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