Digital Wrench Market by Type (Pneumatic Wrench, Hydraulic Wrench, Electric Wrench), Application (Automobile Industry, Mechanical, Equipment Repair, Other), and Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global trends and forecast from 2022 to 2032
Categories: Electronics & Semiconductor
Format : 
The Digital Wrench market is projected to grow at a CAGR of 3.1% from 2022 to 2032.
Digital Wrench is repair ordering software for small, medium and large workshops. It runs in the cloud, backs up customer and inventory data, and allows users to log in at any time. Work order management, customer history, income tracking, inventory management, work hours tracking are common features offered by this software.
A tool that has a companion electronic display displaying the torsion reading is called a digital wrench. When the desired torsion is obtained, the digital wrench emits sound and light indications that may be seen. The price of the alert is frequently set between 100 and 100 percent of the wrench's capacity. One of the digital wrench's first advantages is its ability to more precisely control the amount of torsion delivered to the bolt without sacrificing torsion capability. Additionally, once the programmed price is reached, the operator will adjust the specified torsion and the wrench can mechanically shut off.
Recent Development:
Sturtevant Richmont, founded in 1940, is a manufacturer of tools and testing devices. The company is a family-owned business, with six siblings sharing ownership. Sturtevant holds more than 70 torque-related patents and blazed a trail in the industry through development and innovation. The company became the first torque tool manufacturer to be ISO 17025 certified and ISO 9001 certified, among other firsts.
Report Purpose:
The industry structure, sales, revenue, pricing, and gross margin are all studied in the most recent report. The production sites, market shares, industry rankings, and biographies of major producers are displayed. In order to get access to the most recent government laws, market data, and industry statistics, primary and secondary research is conducted. Manufacturers, distributors, end users, industry groups, government industry bureaus, industry papers, industry experts, third party databases, and our own databases were used to acquire the data for Digital Wrench.
The top players in each regional Digital Wrench market are also discussed in this study. Additionally, it describes the key factors influencing the global market for Digital Wrench, as well as regional dynamics and current market trends.
Digital Wrench Scope:
|
Report Data |
Digital Wrench |
|
Digital Wrench Forecast 2024 |
XX million/billion (2024-2030) |
|
Digital Wrench CAGR 2024 - 2030 |
3.1 |
|
Digital Wrench Analysis Period |
2024 - 2030 |
|
Digital Wrench Base Year |
2023 |
|
Digital Wrench Forecast Data |
2024 - 2030 |
|
Segments Covered |
By Type, By Application, And by Regions |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Key Companies Profiled |
Armstrong Tools, Crane Electronics Ltd, GearWrench, Mountz, Desoutter Industrial Tools, Sturtevant Richmont, Norbar Torque Tools, Sumake Industrial, RAD Torque Systems. |
|
Key Segments |
By Type Pneumatic Wrench By Applications Automobile Industry |
|
Report Coverage |
Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the Digital Wrench?
The current market value for Digital Wrench is expected USD XX million/billion by 2023.
What is the CAGR of the Market?
The Digital Wrench is to grow at a CAGR of 3.1 during the forecast by 2030.
What is the Market segment?
On the basis of type, the Digital Wrench is segmented into Pneumatic Wrench
Hydraulic Wrench
Electric Wrench.
Who are the key players operating in the Digital Wrench?
The major players operating in the Digital Wrench are Armstrong Tools, Crane Electronics Ltd, GearWrench, Mountz, Desoutter Industrial Tools, Sturtevant Richmont, Norbar Torque Tools, Sumake Industrial, RAD Torque Systems.
Base Year:
Historical Data:
No of Pages:159
Select Licence Type
Single User
Multi User
Corporate User
Only one user can access the report. It cannot be printed or shared. Delivery in online PDF.
US $ 1299
Multiple users can access the report. It cannot be printed or shared. Delivery in online PDF.
US $ 2499
The entire organization can use the report. It can be printed and shared. Delivery in PDF and Excel. Free update of the report after 1 year.
US $ 4399