Manual Torque Multipliers is a tool used to provide a mechanical advantage in applying torque to turn bolts, nuts or other items designed to be actuated by application of torque, such as the actuation of valves, particularly where there are relatively high torque requirements. Torque multipliers can also be used to ease manual tube expansion in drums of water tube boilers or to expand tubes in restricted space. The manually operated torque multipliers made are ideal for applications without a third-party power source – an effective tool for loosening and tightening bolts that is suitable for use anywhere and at any time.
Market Data Analysis:
The Manual Torque Multipliers market is projected to be valued at USD 558 million in 2019 and is anticipated to generate revenue of USD 749 million by the end of 2026, progressing at a GAGR of 4.29% between 2019 and 2026.
According to the report, one of the key drivers is an increasing demand for Manual Torque Multipliers in various applications such as Mining & Refining, Oil & Gas, Transportation, and Manufacturing & Assembly. Global economic development, government policy adjustment, related industry dynamics, industrial upgrading, and competition among enterprises are all influencing the development of Manual Torque Multipliers market.
Asia-Pacific was the major revenue generating region in 2018 with a share of 32.02% and is expected to register growth in the coming years. North America is currently Europe with a market share of 30.19% and 28.10%. Growth in government budgets in the principal countries, more-intense competition, and increasing adoption of Manual Torque Multipliers are expected to propel the growth of the market in those regions.
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Market Classification:
Global Manual Torque Multipliers market: Type segments
l Reaction Bar Multiplier
l Reaction Plate Multiplier
Global Manual Torque Multipliers market: Application segments
l Mining & Refining
l Oil & Gas
l Transportation
l Manufacturing & Assembly
l Energy
Global Manual Torque Multipliers market: regional segments
l North America (United States, Canada, and Mexico)
l Europe (Germany, France, UK, Russia, and Italy)
l Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
l South America (Brazil, Argentina, Columbia)
l The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Manual Torque Multipliers market, including ENERPAC, Hydratight, NORWOLF TOOLS, X-4 Tools, Norbar, GEDORE TOOLS, Mountz, Apex Tool Group, Stanley Black & Decker, Powermaster Engineers, Alkitronic, Maschinenfabrik Wagner GmbH & Co. KG, etc. These participants have adopted various growth strategies to meet the growing demand for Manual Torque Multipliers market and to increase their market share.
Manual Torque Multipliers Market Intended Audience:
l Manual Torque Multipliers manufacturers
l Manual Torque Multipliers importers and exporters
l Manual Torque Multipliers traders, distributors, and suppliers
l Raw material suppliers of Manual Torque Multipliers
l Manual Torque Multipliers industry associations
l Product managers, Manual Torque Multipliers industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Manual Torque Multipliers Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Manual Torque Multipliers Market by Types
4 Segmentation of Manual Torque Multipliers Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Manual Torque Multipliers Market in Major Countries
7 North America Manual Torque Multipliers Landscape Analysis
8 Europe Manual Torque Multipliers Landscape Analysis
9 Asia Pacific Manual Torque Multipliers Landscape Analysis
10 Latin America, Middle East & Africa Manual Torque Multipliers Landscape Analysis
11 Major Players Profile
11.1 ENERPAC
11.1.1 ENERPAC Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Hydratight
11.3 NORWOLF TOOLS
11.4 X-4 Tools
11.5 Norbar
11.6 GEDORE TOOLS
11.7 Mountz
11.8 Apex Tool Group
11.9 Stanley Black & Decker
11.10 Powermaster Engineers
11.11 Alkitronic
11.12 Maschinenfabrik Wagner GmbH & Co. KG
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