Global Hydraulic Torque Market Growth 2019-2024

A hydraulic torque wrench is a power tool designed to exert torque on a fastener to achieve proper tightening or loosening of a connection through the use of hydraulics. A torque wrench is applied to the nut either directly or in conjunction with an impact socket. Hydraulic torque wrenches apply a predetermined, controlled amount of torque to a properly lubricated fastener.
The United States Hydraulic Torque are mainly manufactures in USA, while some are from oversea supplier, the USA Hydraulic Torque market reached about 18066 Units in 2017 from 20999 Units in 2013. The average growth is about -3.69% in 2013-2017.
Hydraulic Torque sales main centralize in Southwest of the USA. Its consumtion took about 30.42% of USA total market in 2017, followed by the The South (24.68%), The Midwest (20.37%).
Hytorc, Enerpac, Torq/Lite, Hydratight and TorcUP are leading suppliers in USA, the total Hydraulic Torque sales occupies about 72% market share.

According to this study, over the next five years the Hydraulic Torque market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Hydraulic Torque business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Hydraulic Torque market by product type, application, key manufacturers and key regions and countries.

This study considers the Hydraulic Torque value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Drive Hydraulic Wrench
Hollow Hydraulic Wrench
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Oil & Gas
Plants and Refineries
Power Industry
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Enerpac
Hytorc
Hydratight
ITH
TorcUP
Powermaster
Norwolf Tool Works
Plarad
WREN
HTL
Torq/Lite
TorsionX
Torc-Tech

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Hydraulic Torque consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Hydraulic Torque market by identifying its various subsegments.
Focuses on the key global Hydraulic Torque manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Hydraulic Torque with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Hydraulic Torque submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.