DC Torque Tool Market Size, Share, Analysis, Growth, Forecasts, 2032

DC Torque Tool Industry Prospective:

The global DC torque tool market size was worth around USD 3.54 billion in 2023 and is predicted to grow to around USD 4.86 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.58% between 2024 and 2032.

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DC Torque Tool Market: Overview

Direct current (DC) torque tools are electrically-powered devices used for applying controlled torque to fasteners, including screws and bolts. These devices ensure that the fasteners are tightened as per the required specifications. DC torque tools are highly beneficial compared to manual counterparts as they offer advantages such as repeatability, improved accuracy, and ease of use. DC torque tools are generally divided into two categories: brushless and brushed. The primary benefits of the former type include a longer lifespan, higher durability, and excellent torque accuracy compared to brushed versions.

Furthermore, since there is no requirement for brushes, these machines can be easily maintained and deliver lowered costs along with reduced downtime in the long run.

On the other hand, brushed DC torque tools employ the use of a brushed motor design and offer affordability. However, according to market analysis, brushed DC torque tools have a limited lifespan and require extensive brush maintenance. During the forecast period, the demand for DC torque tools is expected to propel due to increased demand in end-user industries. In addition, technological improvements can further generate more growth opportunities.

Key Insights:

• As per the analysis shared by our research analyst, the global DC torque tool market is estimated to grow annually at a CAGR of around 3.58% over the forecast period (2024-2032)
• In terms of revenue, the global DC torque tool market was valued at around USD 3.54 billion in 2023 and is projected to reach USD 4.86 billion by 2032.
• The DC torque tool market is projected to grow at a significant rate due to the increased applications in electronics manufacturing.
• Based on type, the handheld tools segment is growing at a high rate and will continue to dominate the global market, as per industry projections.
• Based on vertical, the automotive segment is anticipated to command the largest market share.
• Based on region, North America is projected to dominate the global market during the forecast period.

DC Torque Tool Market: Growth Drivers

Increased applications in electronics manufacturing to drive market demand rate

The global DC torque tool market is expected to grow due to the rising use of the devices in the production of electronic items. DC torque tools are used for systematically tightening bolts and screws that help maintain the structure of an electronic item. These fasteners are sensitive to extreme pressure and, hence, must be subject to well-controlled torque pressure to avoid any errors while fastening.

Furthermore, manual torque tools can damage delicate components of electronic items such as printed circuit boards (PCBs). DC torque tools are efficient in maintaining the physical integrity of fragile elements. The surge in demand for electronic items in the form of home appliances, consumer electronics, personal devices, and computing devices is expected to help promote the application of DC torque tools in the coming years.

According to market analysis, more than 5 billion people worldwide are currently using a smartphone. The increasing rate of digitization among the general population is expected to gain more momentum in the coming years. Moreover, the electronics industry is also registering greater demand for intelligent home appliances, especially with the growing trend of smart home systems, such as television sets, vacuum cleaners, blenders, hair dryers, toasters, coffee makers, and other machines.

Automotive industry to help the industry players generate extensive revenue in the coming years

DC torque tools have wide applications in tightening essential components of automotives. They are used for fastening bolts on chassis, transmissions, and engines. The intensifying regulatory environment in the automotive sector focusing on improved vehicle safety is expected to create more demand for effective DC torque tools.

In addition, the global automotive industry is undergoing tremendous changes in terms of vehicle innovation and the introduction of electric vehicles (EVs). The emergence and steady rise in investments for autonomous vehicles or self-driving cars have created more growth avenues for the players in the global DC torque tool market.

In November 2024, Plus, an emerging Silicon Valley start-up, announced the launch of Level 4 autonomous software in association with Scania, MAN, and International, owned by Traton Group. The latest version of Plus’s Artificial Intelligence (AI)-powered SuperDrive is now operational in trucks across Europe and the US.

DC Torque Tool Market: Restraints

Higher cost of technology and limited skilled labor to restrict market expansion

The global DC torque tool industry is projected to be restricted due to the high cost of the devices compared to manual torque tools. The expense increases further with the addition of more advanced features to the tools, including higher precision and data logging capacities.

For instance, the average cost of a mid-range DC torque tool may range between USD 550 to USD 1600, depending on the final features. In addition to this, the limited availability of skilled labor comfortable with using DC torque tools may further impede overall market expansion trends in the coming years.

DC Torque Tool Market: Opportunities

Surging investments in renewable energy solutions to generate new expansion possibilities

The global DC torque tool market is expected to generate growth opportunities due to the increasing investments in renewable energy solutions. Industry analysis suggests large-scale application of DC torque tools in the construction of renewable energy technologies, such as wind turbines, solar panels, geothermal energy systems, offshore wind farms, and battery energy storage systems. Industrialization and urbanization have led to an increased demand for energy.

However, market players are unable to meet energy requirements using the traditional methods of power generation. In addition, excess dependence on nonrenewable energy sources leads to ecosystem disruption and environmental pollution. These factors have amplified investments in renewable energy tools, including offshore projects. In December 2024, the US government announced the approval of the country’s 11th offshore wind project.

According to official reports, the Bureau of Ocean Energy Management in the US has approved 19 gigawatts (GW) of clean energy to be derived from offshore wind energy projects. Upon completion, the facility will be able to power nearly 6 million homes in the country. The surge in the number of solar panel installations across residential and commercial spaces has further aggravated the application of DC torque tools.

DC Torque Tool Market: Challenges

High competition from manual alternatives to challenge the market expansion rate

The global DC torque tool industry is projected to be challenged by the high competition it faces from manual alternatives. The latter are cost-effective and easy to use. In addition, the presence of an abundant skilled group of professionals comfortable with manual tools further helps push the application of non-electric torque devices.

DC Torque Tool Market: Report Scope

DC Torque Tool Market: Segmentation

The global DC torque tool market is segmented based on type, power source, vertical, and region.

Based on type, the global market divisions are handheld tools and fixed tools. In 2023, the highest growth was listed in the handheld tools segment. They are relatively easier to use and offer greater flexibility. Handheld DC torque tools can be used for a varying number of end-user applications. Entry-level versions of handheld DC torque tools can cost up to USD 700. Fixed tools are more rigid in applications and may be suitable for a limited number of applications.

Based on power source, the global DC torque tool industry is divided into corded and cordless.

Based on the vertical, the global market divisions are energy, automotive, shipbuilding, aerospace, electronics & consumer appliances. In 2023, the highest growth was listed in the automotive segment. During the forecast period, it is expected to register a CAGR of nearly 5.25%. The increasing rate of expansion in the automotive industry fueled by growing demand for EVs and innovative vehicles across price ranges will fuel segmental demand in the future.

DC Torque Tool Market: Regional Analysis

North America to generate the highest revenue during the forecast period

The global DC torque tool market is expected to be led by North America during the forecast period. The US will lead the regional revenue with a CAGR of over 4.51% in the coming years. The regional market dominance is a result of the increased use of DC torque tools across major industries such as automotive and aerospace.

Additionally, an increased rate of technological innovation and product awareness further help the region thrive. For instance, in October 2022, Bosch Power Tools announced the launch of 18V brushless ¼-inch Hex Screws along with a brushless cut-out tool equipped with soft-start technology. The regional demand is higher for highly controlled torque-enabling tools.

Europe is another prominent market with excellent potential for future growth rates. The United Kingdom will be one of the leading regional market revenue generators growing at a CAGR of 4.801%. Furthermore, countries such as Germany, France, and others will be contributing significantly due to the growing applications of DC torque tools. The regional EV sector with increased applications of electric vehicles in public transportation systems has played a significant role in driving the regional demand rate.

DC Torque Tool Market: Competitive Analysis

The global DC torque tool market is led by players like:

• Encore Systems
• Atlas Copco AB
• Weller Tools
• Mountz Torque
• Norbar Torque Tools Ltd
• Apex Tool Group LLC
• Desoutter Industrial Tools
• Ingersoll Rand
• Flexible Assembly Systems
• Rhino Tool House
• SATA Tools
• Robert Bosch GmbH
• KUKA Robotics
• RAD Torque Systems
• Stanley Black & Decker Inc.

The global DC torque tool market is segmented as follows:

By Type

• Handheld Tools
• Fixed Tools

By Power Source

• Corded
• Cordless

By Vertical

• Energy
• Automotive
• Shipbuilding
• Aerospace
• Electronics & Consumer Appliances

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa