Industry Background:
Impact wrench, also known as windy gun or torque gun, is a mechanical equipment with features similar to basic socket wrench, and used in loosening nuts and bolts. It delivers high torque output power and lessens the effort of person operating it. Impact wrenches are widely used in industries where high output torque is required. Such industries include automobile, construction, manufacturing and others.This growth is primarily driven by Growing Use of Impact Wrench in Automobile Industry and Rising Demand for High Torque Impact Wrench in End-use Industries.
Globally, a noticeable market trend is evident Rising Automation Across Industries Leading to Rise in Demand for Impact Wrench
. Major Manufacturers, such as Aircat (United States), Bosch (Germany), Craftsman (United States), DEWALT (United States), Ingersoll Rand (Ireland), Makita (Japan), Milwaukee (United States) and Atlas Copco (India) Ltd. (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing Use of Impact Wrench in Automobile Industry
- Rising Demand for High Torque Impact Wrench in End-use Industries
Market Trend
- Rising Automation Across Industries Leading to Rise in Demand for Impact Wrench
- Growing Demand for Pneumatic Impact Wrench
Restraints
- Availability of Alternative Products to Impact Wrench
- High Cost of Impact Wrench
Opportunities
Introduction of New Variants in Impact Wrench and Growing Automobile as well as Aftermarket Industry in Emerging Countries
Challenges
Power Consumption and Maintenance Issue Related with Electrical Impact Wrench
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