Impact Wrenches: Introduction

  • Impact wrench is a power tool used for tightening & loosening nuts, bolts, and fasteners. Impact wrench provides high torque which makes its suitable for various industries especially in construction and in the automotive sector. Impact wrenches are available in three types: pneumatic, corded, and cordless. Although the basic operation remains the same, they differ in source of power and hence their prices vary. Growing investment in infrastructure, rising demand for housing, and increasing adoption of automobiles are the factors expected to drive the impact wrenches market during the forecast period. 

Key Drivers and Opportunities of the Global Impact Wrenches Market

  • Automobiles provide mobility for all, giving direct access to education, health, and employment. The automobile market was hampered by the Covid-19 pandemic, resulting in decline of sales of automobiles around the world during 2019-2020. However, the automobile industry is bouncing back faster than expected, with the sales of automobiles going up. Government initiatives for promoting electric vehicles is leading to adoption of EV vehicles at a higher rate. Growth in the automotive industry is expected to drive the impact wrenches market during the forecast period.
  • The construction industry on the other hand is expected to reach new heights during the forecast period due to unprecedented levels of stimulus spending on infrastructure. Urbanization and housing demand will further fuel the construction market which in turn is expected to drive the impact wrenches market during the forecast period.
  • Impact wrenches are highly portable and provide better speed & torque control. It can be used in tight spaces efficiently due to its size. It is an essential tool in vehicle repair shops and auto body shops. The high torque output enables impact wrenches to be also used in Grand Prix races to change wheels. Manufacturers have incorporated brushless motors in impact wrenches to optimize their performance and to have a longer runtime. The ease of operating impact wrenches make them highly preferred over regular drills and hand wrenches.
  • Manufacturers in this market are working on improving the product, for e.g. minimizing the noise that the tool generates in order for it to be used without any ear protection equipment. Investment in R&D by manufacturers is projected to create opportunities during the forecast period.

Asia Pacific to Hold Major Share of the Global Impact Wrenches Market

  • In terms of region, the impact wrenches market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • Asia Pacific generates maximum demand for impact wrenches due to the presence of many small and medium scale industries, booming constriction industry, and emerging economies. Adoption of vehicles is also increasing in the region due to a growing middle class population. The market in Asia Pacific is likely to be followed by markets in North America and Europe during the forecast period.

Key Players Operating in the Global Impact Wrenches Market

  • Airtec S.r.l.
  • Chicago Pneumatic
  • DEWALT Industrial Tools
  • Dino Paoli Srl
  • Ingersoll Rand
  • KUKEN Co. Ltd.
  • Milwaukee Tool
  • Rami Yokota BV
  • Rodcraft
  • Spitznas Maschinenfabrik GmbH

Global Impact Wrenches Market: Research Scope

Global Impact Wrenches Market, by Product Type

  • Pneumatic Wrenches
  • Cordless Wrenches
  • Corded Wrenches

Global Impact Wrenches Market, by Maximum Torque

  • Up to 2000 Nm
  • 2000 to 4000 Nm
  • Above 4000 Nm

Global Impact Wrenches Market, by Price

  • Low
  • Medium
  • High

Global Impact Wrenches Market, by Distribution Channel

  • Online
  • Offline

Global Impact Wrenches Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

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Impact Wrenches Market