Automotive Torque Tools Market is estimated to witness lucrative growth from 2018 to 2024

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Automotive Torque Tools Market is set to see
healthy CAGR during 2019 to 2025 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Automotive Torque Tools
Market

• North America will account for a significant
  share in the automotive torque tool market share.
  This can be attributed to the improving
  manufacturing and infrastructure industry across
  the region. Moreover, advancements in
  technologies and increasing investments in
  advancing manufacturing tools and machineries
  further expands the regional share. Rising
  preference for do-it-yourself consumer segments
  along with increasing automobile production are
  further expanding the industry share over the
  forecast timeframe.
• Asia Pacific will exhibit a significant growth in
  the automotive torque tool market share. This can
  be credited to the rising automobile production
  across the region. The increasing preference for
  personal mobility solutions along with improving
  manufacturing activities further expands the
  market size. The presence of multiple automobile
  players including Suzuki, Toyota, Honda, and Tata
  among others having their manufacturing plants
  and continuously producing cars provides a
  positive outlook for the regional expansion.

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• Application Analysis of Automotive Torque Tools
  Market
• Based on material, the automotive torque tool
  market share can be segmented into steel
  manganese alloy, titanium, and chromium vanadium
  alloy. The steel manganese alloy tools will
  account for a significant share owing to the
  lower component costs compared to the
  counterparts. Titanium will showcase a
  significant growth rate owing to benefits offered
  by the materials including lower weight, higher
  durability and improved flexibility.
• The automotive torque tool market share based on
  type can be segmented into electronic torque
  wrench and hydraulic torque wrench. The growth in
  the electronic torque wrench segment can be
  credited to the benefits offered by these tools
  including faster operations along with easier
  handling capabilities. Moreover, the requirement
  for lower pressure on such electronic torque
  tools along with incorporation of electronic
  chips for assessing records later further
  contributes towards improving the industry share
  over the study timeframe.

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Competitive Market Share of Automotive Torque
Tools Market

• Few of the major players operating in the
  automotive torque tool market size include Bosch,
  Apex Tool Group, LLC, Atlas Copco AB, Stanley
  Black Decker Inc., New World Technologies Inc.,
  and Gedore Group.

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Browse Full Market Research Report On Automotive
Torque Tools Market _at_ http//bit.ly/2Yc1iuO Reque
st for a sample of this research report _at_
http//bit.ly/2Y7IIDW
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