Global Digital Torque Wrench Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type ;

Ordinary Digital Torque Wrench and Connected Computer Digital Torque Wrench.

By Product Type;

Electronic Torque Wrenches, Digital Click Wrenches, Wireless Torque Wrench, Super Power Wrench, Adjustable Torque Wrenches, and Other Product Types.

By Application;

Automotive, Engineering & Machinery Manufacturing, Construction, Shipping & Aerospace and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn979473424 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Digital Torque Wrench Market (USD Million), 2021 - 2031

In the year 2024, the Global Digital Torque Wrench Market was valued at USD 1,814.94 million. The size of this market is expected to increase to USD 2,469.88 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.5%.

The global digital torque wrench market has seen significant growth and transformation over recent years. Driven by advancements in technology and increasing demand for precision in various industrial and automotive applications, digital torque wrenches have emerged as crucial tools in ensuring accurate and reliable torque measurement. These tools are essential for a wide range of applications, including vehicle maintenance, aerospace engineering, and construction, where precise torque application is critical for safety and performance.

Digital torque wrenches offer several advantages over traditional mechanical models, including digital readouts, higher accuracy, and user-friendly features such as preset torque values and alarms. The integration of digital technology has made it possible for these wrenches to provide real-time feedback and data logging capabilities, enhancing their utility in both professional and DIY settings. This shift towards digital solutions reflects a broader trend towards automation and smart tools in the industry.

The market's growth is also fueled by the increasing adoption of these tools in emerging economies, where industrialization and infrastructure development are on the rise. Additionally, the automotive and aerospace industries continue to drive demand due to the need for high-precision tools that comply with stringent safety and performance standards. As technology continues to evolve, future developments in digital torque wrenches are expected to further enhance their functionality, making them even more indispensable across various sectors.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Digital Torque Wrench Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements
        2. Precision and accuracy
        3. Increasing industrial applications
      2. Restraints
        1. High initial cost
        2. Calibration and maintenance requirements
        3. Complexity for non-professionals
      3. Opportunities
        1. Technological innovation
        2. Expanding industrial applications
        3. Growth in automotive sector
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Digital Torque Wrench Market , By Type , 2021 - 2031 (USD Million)
      1. Ordinary Digital Torque Wrench
      2. Connected Computer Digital Torque Wrench
    2. Global Digital Torque Wrench Market , By Application, 2021 - 2031 (USD Million)
      1. Automotive
      2. Engineering & Machinery Manufacturing
      3. Construction
      4. Shipping & Aerospace
      5. Others
    3. Global Digital Torque Wrench Market , By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Eastwood
      2. Desoutter
      3. BMS Ireland
      4. ACDelco Tools
      5. Hilmor, Asmith Hardware
      6. Brown Line Metalworks
  7. Analyst Views
  8. Future Outlook of the Market