According to the report, Upsurging Innovation in the Designing of Torque Wrenches to Increase the Efficiency and Reliability is one of the primary growth factors for the market. Growth in various industries such as the automotive industry, construction industry, manufacturing industry, etc. is driving the torque wrenches market. Along with this, manufacturers are involved in innovation in the product which is attracting the buyers in huge amounts. is also expected to contribute significantly to the Torque Wrenches market. Overall, Commercial applications of Torque Wrenches, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Global Torque Wrenches Market identified that the demand is rising in many different parts of the world due to "Growth in the Demand for Electric Vehicles in Emerging Economy ". Furthermore, some recent industry insights like "In Aug 2020, Lowell Corporation has introduced a new torque wrench kit that gives plumbers and utility workers greater flexibility in working with US-style No-HUB couplings., , In Dec 2019, SATA Tools introduced four professional-grade torque wrenches as part of its arrival into the United States mechanic's hand tool market., and In Sept 2019, Milwaukee Tool announced the first motorized torque wrenches, delivering increased productivity, precise torque accuracy, and advanced reporting functionality. T" is constantly making the industry dynamic. One of the challenges that industry facing is "Fluctuation in the Price of Raw Material"

The End User Industry, such as Automotive Industry, is boosting the Torque Wrenches market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Distribution Channel, such as Online, is boosting the Torque Wrenches market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Torque Wrenches market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Torque Wrenches market and other related sub-markets covered in the study.

o Key & emerging players in the Torque Wrenches market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Torque Wrenches market size is calculated using market estimation process, the Torque Wrenches market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Torque Wrenches market size has been validated using both top-down and bottom-up approaches.