Global Hydraulic Torque Market Insights and Forecast to 2028

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.
Market Analysis and Insights: Global Hydraulic Torque Market
Due to the COVID-19 pandemic, the global Hydraulic Torque market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Drive Hydraulic Wrench accounting for % of the Hydraulic Torque global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Oil & Gas segment is altered to an % CAGR throughout this forecast period.
In United States market, Hytorc, Enerpac, Torq/Lite, Hydratight and TorcUP are the leaders of Hydraulic Torque, and Hytorc hold a more than 35% market share. The Southwest of United States is the largest region of Hydraulic Torque, with a share more than 30%, followed by The South and The Midwest, etc.
In terms of production side, this report researches the Hydraulic Torque capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Hydraulic Torque by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Hydraulic Torque Scope and Segment
Hydraulic Torque market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Hydraulic Torque market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Drive Hydraulic Wrench
Hollow Hydraulic Wrench
Segment by Application
Oil & Gas
Plants and Refineries
Power Industry
Others
By Company
Enerpac
Hytorc
Hydratight
ITH
TorcUP
Powermaster
Norwolf Tool Works
Plarad
WREN
HTL
Torq/Lite
TorsionX
Torc-Tech
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E