Hydraulic Impact Wrench Market

The Hydraulic Impact Wrench market is projected to grow at a CAGR of 3.1% from 2022 to 2032.

A Hydraulic Impact Wrench is a tool particularly designed for exerting torque on a fastener for proper loosening or tightening by the use of hydraulics. Hydraulic Impact Wrench have got accuracy of ±3% and they also have a high degree of repeatability. These features makes them suitable for applications where large bolts are used and high degree of accuracy is needed. Hydraulic Impact Wrench are widely used in plants and refineries. With increase in demand, this market is expected to exhibit a significant growth in near future.

The correct torque is precisely applied to a fastener, such as a bolt or nut, using a torque wrench.When the strength of nuts and screws is crucial, torque tools are used. With the aid of these tools, the torque gauge used on a fastener—such as a screw or nut—can be modified to suit the requirements of a certain application. With the help of a hydraulic torque wrench, you may tighten or loosen a fastener by applying torque to it.

Recent Developments :

• May 2021, ITH Bolting Technology, became the exclusive and official partner of the Cordless Alliance System (CAS) in May 2021. ITH is the worldwide leading system supplier in bolting technology. It develops prefixed system solutions and bolting tools to strengthen and loosen bolt connections by wires diameter greater than 16 mm. The company is from the Sauerlandarea in West Germany which is a leading global provider of technology reinforcement.
• Plarad, a global company exhibits at the first virtual joint stand of the North Rhine - Westphalia in West Energy, in November 2020, by showcasing their reliable bolting technology products.
• Agro Hytos a famous company in the hydraulic industry, launch EL7 in June 2021, The EL7 offers a wide range of input signals that is analog and provide customer the opportunity to switch to the bus interface named as CAN. Each item is easily accessible using the ARGO-HYTOS app, which is free to download for iOS and Android.

Market Scope and Structure Analysis:

Due to a rise in demand for torque wrench tools (gun/wrench) across numerous industries, including the construction and automotive sectors, the hydraulic torque wrench tools market (gun/wrench) is predicted to expand fast during the monsoon season. Tools for torque wrenches are frequently used in auto repair and auto manufacture. From 2022 to 2032, Asia-Pacific is anticipated to have the greatest demand for torque tools (gun/wrench). This is primarily because of demand from the manufacturing and automotive industries in top manufacturing countries like China, India, and Japan.Additionally, the growth of the automotive sector in the Asia-Pacific region is anticipated to address the demand for torque tools (gun/screw) to improve the calibre of industrial and automotive parts produced. The largest portion of the worldwide armaments (gun/screw) market was in Europe. This is a result of the region's increased export and import rates as well as the uptake of cutting-edge technologies. Additionally, Europe is a hub for the automobile sector as a result of the existence of high-tech producers in the area like BMW, Volvo, and Audi.

Key Segments:

Product Type

• Drive Hydraulic Wrench
• Hollow Hydraulic Wrench

Distribution Channel

• Original Equipment Manufacturer (OEM)
• Aftermarket

Application

• Oil & Gas
• Plants and Refineries
• Power Industry

Region

• North America 
  • U.S.
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific  
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• LAMEA 
  • Latin America
  • Middle East
  • Africa

Research Methodology