The Business Research Company’s report on the Pneumatic Bolting Tool Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the pneumatic bolting tool market’s growth in recent years?
Increasing automation in industrial processes is expected to propel the growth of the pneumatic bolting tool market going forward. Automation in industrial processes is the use of technology to operate machinery and manage production with minimal human intervention, improving efficiency and precision. The increasing automation in industrial processes is driven by the need for enhanced productivity, cost reduction, improved safety, and the ability to quickly adapt to changing operational demands. The increasing automation in industrial processes is impacting pneumatic bolting tools by enhancing their efficiency and precision through the integration of advanced technologies that allow for improved torque control and monitoring during fastening operations. For instance, in September 2023, according to a publication by the International Federation of Robotics (IFR), a German-based non-profit organization, industrial robot installations reached a new record level of 553,052 units in 2022, marking a 5% increase from the previous year’s high of 526,144 units installed in 2021, vividly illustrating the escalating demand for efficient manufacturing processes. Therefore, the increasing automation in industrial processes is propelling the growth of the pneumatic bolting tool market.
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How does the future projection of the pneumatic bolting tool market size compare to its historical growth?
The pneumatic bolting tool market size has grown strongly in recent years. It will grow from $1.54 billion in 2024 to $1.65 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to the increasing adoption of pneumatic tools in the oil and gas industry, the expansion of the mining industry, growth in industrial automation, an increasing focus on workplace safety, and a rising need for leak-free and spill-free installation processes.
The pneumatic bolting tool market size is expected to see strong growth in the next few years. It will grow to $2.15 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to growth in the automotive industry, rising investments in renewable energy projects, rising demand for advanced safety features, growth in e-commerce logistics, and a growing focus on reducing operational downtime. Major trends in the forecast period include the integration of smart technology in pneumatic bolting tools, the development of digital torque control systems, the integration of augmented reality technologies, the development of hybrid pneumatic tools, and the integration of artificial intelligence for predictive analytics.
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Which key players are shaping the future of the pneumatic bolting tool market?
Major companies operating in the pneumatic bolting tool market are Atlas Copco AB, Ingersoll Rand Inc., Snap-on Incorporated, DEWALT Industrial Tool Company, Enerpac Tool Group Corp., Chicago Pneumatic Tool Company, Desoutter Industrial Tools Limited, Hydratight Limited, HYTORC Corporation, SATA GmbH & Co. KG, Sealey Group Limited, Metabo HBT, Eastwood Company, Powermaster Engineers Private Limited, TorcUp Incorporated, Norbar Torque Tools Limited, Baier Hydraulic Power Company Limited, Parla Tech Industrial Supply Company, Torc Star LLC, Ultra Torq Technologies Inc.
What trends will propel the growth and evolution of the pneumatic bolting tool market?
Major companies operating in the pneumatic bolting tool market are focusing on technological advancements such as integrated pressure monitoring to enhance tool performance, improve user safety, and optimize energy efficiency. Integrated pressure monitoring is a technology that enables real-time measurement and display of air pressure within a pneumatic tool, ensuring optimal performance, efficiency, and longevity by preventing under- or over-pressurization. Integrated pressure monitoring in pneumatic bolting tools is used to continuously measure and display air pressure levels, ensuring optimal torque output, preventing pressure fluctuations, and enhancing tool efficiency and durability. For instance, in July 2022, Ingersoll Rand, a US-based compressor, pump, vacuum, and blower products manufacturing company, introduced the 2146Q1MAX 3/4 Impact Wrench, marking a significant advancement in pneumatic bolting technology. The tool featured an integrated pressure monitoring system, allowing users to track air pressure in real time, ensuring optimal torque output, and preventing under- or over-pressurization. Designed for heavy-duty applications, it delivered up to 2,000 ft (0.61 km)-lbs of nut-busting torque, making it ideal for automotive, construction, and industrial use.
Which regions are expected to become dominant players in the pneumatic bolting tool market?
North America was the largest region in the pneumatic bolting tool market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pneumatic bolting tool market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the pneumatic bolting tool market, and how are they evolving?
The pneumatic bolting tool market covered in this report is segmented –
1) By Product Type: Angle Pneumatic Bolting Tools, Inline Pneumatic Bolting Tools, Straight Pneumatic Bolting Tools, Hex Pneumatic Bolting Tools
2) By Tools Operation: Torque Tools, Tensioning Tools
3) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
4) By Application: Oil And Gas, Automotive, Aerospace, Marine, Electronics Or Medical Or Industrial
Subsegments:
1) By Angle Pneumatic Bolting Tools: Low-Torque Angle Pneumatic Bolting Tools, High-Torque Angle Pneumatic Bolting Tools, Compact Angle Pneumatic Bolting Tools, Heavy-Duty Angle Pneumatic Bolting Tools
2) By Inline Pneumatic Bolting Tools: Standard Inline Pneumatic Bolting Tools, High-Speed Inline Pneumatic Bolting Tools, Precision Inline Pneumatic Bolting Tools, Ergonomic Inline Pneumatic Bolting Tools
3) By Straight Pneumatic Bolting Tools: Standard Straight Pneumatic Bolting Tools, High-Torque Straight Pneumatic Bolting Tools, Lightweight Straight Pneumatic Bolting Tools, Heavy-Duty Straight Pneumatic Bolting Tools
4) By Hex Pneumatic Bolting Tools: Fixed Hex Pneumatic Bolting Tools, Adjustable Hex Pneumatic Bolting Tools, Impact Hex Pneumatic Bolting Tools, High-Precision Hex Pneumatic Bolting Tools
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How is the pneumatic bolting tool market defined?
A pneumatic bolting tool is a power tool that harnesses compressed air to produce torque for fastening tasks. It includes a planetary gearbox linked to a pneumatic air motor, which provides a high reduction ratio for efficient torque management. This configuration allows operators to exert considerable torque with minimal physical effort, making it well-suited for demanding applications in various industrial environments.
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