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.
1. Global Digital Wrench Market: Research Methodology
2. Global Digital Wrench Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Digital Wrench Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Digital Wrench Market: Competitive Analysis
3.1 MRS Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
1. North America
2. Europe
3. Asia Pacific
4. The Middle East and Africa
5. South America
3.12 COVID-19 Impacts
4. Global Digital Wrench Market Segmentation
4.1 Global Digital Wrench Market, by Type (2022-2032)
Pneumatic Wrench
Hydraulic Wrench
Electric Wrench
4.2 Global Digital Wrench Market, by Application (2022-2032)
Automobile Industry
Mechanical
Equipment Repair
Other
5. North America Digital Wrench Market (2022-2032)
5.1 North America Digital Wrench Market, by Type (2022-2032)
5.2 North America Digital Wrench Market, by Application (2022-2032)
6. Europe Digital Wrench Market (2022-2032)
6.1. European Digital Wrench Market, by Component (2022-2032)
6.2. European Digital Wrench Market, by Delivery Model (2022-2032)
6.3. European Digital Wrench Market, by Functionality (2022-2032)
6.4. European Digital Wrench Market, by End-user (2022-2032)
6.5. European Digital Wrench Market, by Country (2022-2032)
1. UK
2. France
3. Germany
4. Italy
5. Spain
6. Sweden
7. Austria
8. Rest Of Europe
7. Asia Pacific Digital Wrench Market (2022-2032)
7.1. Asia Pacific Digital Wrench Market, by Type (2022-2032)
7.2. Asia Pacific Digital Wrench Market, by Application (2022-2032)
7.3. Asia Pacific Digital Wrench Market, by Country (2022-2032)
1. China
2. India
3. Japan
4. South Korea
5. Australia
6. ASEAN
7. Rest of APAC
8. Middle East and Africa Digital Wrench Market (2022-2032)
8.1 Middle East and Africa Digital Wrench Market, by Type (2022-2032)
8.2. Middle East and Africa Digital Wrench Market, by Application (2022-2032)
8.3. Middle East and Africa Digital Wrench Market, by Country (2022-2032)
1. South Africa
2. GCC
3. Egypt
4. Nigeria
5. Rest Of ME&A
9. South America Digital Wrench Market (2022-2032)
9.1. South America Digital Wrench Market, by Type (2022-2032)
9.2. South America Digital Wrench Market, by Application (2022-2032)
9.3. South America Digital Wrench Market, by Country (2022-2032)10. Company Profile: Key players
Armstrong Tools
Crane Electronics Ltd
GearWrench
Mountz
Desoutter Industrial Tools
Sturtevant Richmont
Norbar Torque Tools
Sumake Industrial
RAD Torque Systems
Market Segments
This report has explored the key segments: by Type and by Application. The lucrativeness and growth potential have been looked into by the industry experts in this report. This report also provides sales, revenue and average price forecast data by type and by application segments based on sales, price, and value for the period 2018-2032.
Digital Wrench segment by Type:
Pneumatic Wrench
Hydraulic Wrench
Electric Wrench
Digital Wrench segment by Application:
Automobile Industry
Mechanical
Equipment Repair
Other
Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
