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Air Wrenches Market Share

Report ID: GMI12333
Published Date: Nov 2024
Report Format: PDF

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Air Wrenches Market Share

Global Air Wrenches Company Market Share Analysis, (2023)

The global air wrenches industry showcases a competitive landscape teeming with a mix of players, from multinational giants to regional manufacturers and specialized niche companies. Predominantly fragmented, the market sees major players like Ingersoll Rand Inc., Makita Corporation, Atlas Copco AB, Bosch Tools Corporation, Kawasaki Heavy Industries, Ltd. These companies command significant market shares, bolstered by their vast product portfolios and robust brand recognition. The surge of e-commerce has broadened online sales channels, allowing brands to tap into wider audiences and boost customer engagement via digital marketing.

Air Wrenches Market Companies

Major players operating in the air wrenches industry are:

ACDelco Tools
Aircat Pneumatic Tools
Atlas Copco AB
Bosch Tools Corporation
Campbell Hausfeld
Chicago Pneumatic
Hindustan Tools
Hitachi Koki Co., Ltd. (now HiKOKI)
Ingersoll Rand Inc.
Kawasaki Heavy Industries, Ltd.
Makita Corporation
Matco Tools
Snap-on Incorporated
SP Air Corporation
Stanley Black & Decker, Inc.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for air wrenches was reached USD 2.63 billion in 2023 and is estimated to grow at a 5.2% CAGR from 2024 to 2032, driven by the rising demand for tools capable of handling higher torque applications in industries like automotive repair, construction, and manufacturing.

The impact wrenches segment crossed USD 1.5 billion in 2023 and is estimated to grow at a CAGR of around 5.4% from 2024 to 2032, led by their pivotal role in automotive and industrial applications.

The automotive segment held around 37% share of the market in 2023 and is anticipated to grow at a CAGR of 5.5% during 2024 to 2032, propelled by the expanding global automotive aftermarket and the need for efficient and durable tools.

The U.S. air wrenches market dominated with a 78% share in 2023, driven by the presence of major automotive manufacturers and the essential role of air wrenches in automotive assembly lines.

Key players in the air wrenches industry include ACDelco Tools, Aircat Pneumatic Tools, Atlas Copco AB, Bosch Tools Corporation, Campbell Hausfeld, Chicago Pneumatic, Hindustan Tools, Hitachi Koki Co., Ltd. (now HiKOKI), Ingersoll Rand Inc., Kawasaki Heavy Industries, Ltd., Makita Corporation, Matco Tools, Snap-on Incorporated, SP Air Corporation, and Stanley Black & Decker, Inc.