| Product Code: ETC308544 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s torque screwdriver import market in 2024 continued to see significant contributions from top exporting countries such as China, Germany, Japan, Taiwan, and the USA. Despite a slight decline in growth rate from 2023 to 2024, the industry maintained a high Herfindahl-Hirschman Index (HHI) concentration, indicating a competitive market landscape. With a strong compound annual growth rate (CAGR) of 12.48% from 2020 to 2024, the Indian market for torque screwdrivers remains dynamic and attractive to international exporters.

The India torque screwdriver market is estimated to reach USD 125.6 million by 2031, registering a CAGR of 8.9% from 2025 to 2031. Factors such as increasing industrialization and growing demand for automated production processes are driving the growth of the torque screwdriver market in India. Moreover, rising government initiatives towards digitalization has led to increased adoption of automation technologies which in turn is expected to propel market growth over the forecast period.
The India torque screwdriver market is witnessing significant growth as industries seek precise and controlled tightening solutions. This market`s outlook is driven by factors such as the increasing demand for torque screwdrivers in electronics, automotive, and assembly applications, the growth of the manufacturing and engineering sectors, and the adoption of torque screwdrivers for their torque accuracy and repeatability. Additionally, the development of digital and adjustable torque screwdrivers and the rising focus on quality control and product reliability are further contributing to market growth. The market is also driven by the need for consistent and safe tightening in critical applications such as aerospace and medical devices.
The India torque screwdriver market is witnessing growth as industries seek precise and controlled torque application in assembly operations. This market`s outlook is driven by factors such as the increasing demand for torque-controlled fastening in electronics, automotive, and appliance manufacturing, the growth of the industrial and assembly sectors, and the adoption of torque screwdrivers for their accuracy and reliability in tightening operations. Additionally, the development of digital and adjustable torque screwdrivers and the rising focus on product quality and traceability are further contributing to market growth. However, the market faces challenges related to the competition from manual and pneumatic screwdrivers, as well as the need for proper training and calibration for accurate torque application, affecting the adoption rate of torque screwdrivers in certain industries and applications.
The India torque screwdriver market is witnessing steady growth as industries seek precise and controlled torque application in assembly processes. This market`s outlook is driven by factors such as the increasing demand for torque screwdrivers in electronics, automotive, and aerospace assembly, the growth of precision engineering and manufacturing sectors, and the adoption of torque screwdrivers for their accuracy and repeatability in tightening fasteners. Additionally, the development of digital and adjustable torque screwdrivers and the rising focus on quality assurance and product reliability are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to disruptions in manufacturing activities and supply chain challenges. However, it is expected to recover with the resumption of industrial operations and the growing demand for torque-controlled assembly.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Torque Screwdriver Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Torque Screwdriver Market Revenues & Volume, 2021 & 2031F |
3.3 India Torque Screwdriver Market - Industry Life Cycle |
3.4 India Torque Screwdriver Market - Porter's Five Forces |
3.5 India Torque Screwdriver Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 India Torque Screwdriver Market Revenues & Volume Share, By Applications , 2021 & 2031F |
4 India Torque Screwdriver Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision tools in industries such as automotive, electronics, and manufacturing |
4.2.2 Growing adoption of electric and cordless torque screwdrivers for improved efficiency and productivity |
4.2.3 Technological advancements leading to the development of smart torque screwdrivers with IoT capabilities |
4.3 Market Restraints |
4.3.1 High initial investment required for advanced torque screwdriver models may limit adoption, especially among small and medium-sized enterprises |
4.3.2 Lack of awareness about the benefits of torque screwdrivers and their importance in ensuring product quality and safety |
5 India Torque Screwdriver Market Trends |
6 India Torque Screwdriver Market, By Types |
6.1 India Torque Screwdriver Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India Torque Screwdriver Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 India Torque Screwdriver Market Revenues & Volume, By Electric Torque Screwdriver, 2021-2031F |
6.1.4 India Torque Screwdriver Market Revenues & Volume, By Manual Torque Screwdriver, 2021-2031F |
6.2 India Torque Screwdriver Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Torque Screwdriver Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Torque Screwdriver Market Revenues & Volume, By Engineering and Construction, 2021-2031F |
6.2.4 India Torque Screwdriver Market Revenues & Volume, By Machinery Manufacturing, 2021-2031F |
6.2.5 India Torque Screwdriver Market Revenues & Volume, By Shipping and Aerospace, 2021-2031F |
6.2.6 India Torque Screwdriver Market Revenues & Volume, By Other, 2021-2031F |
7 India Torque Screwdriver Market Import-Export Trade Statistics |
7.1 India Torque Screwdriver Market Export to Major Countries |
7.2 India Torque Screwdriver Market Imports from Major Countries |
8 India Torque Screwdriver Market Key Performance Indicators |
8.1 Percentage increase in the adoption of electric and cordless torque screwdrivers |
8.2 Number of new entrants or product launches in the India torque screwdriver market |
8.3 Growth in the number of precision manufacturing industries using torque screwdrivers |
8.4 Percentage increase in the usage of smart torque screwdrivers with IoT capabilities |
8.5 Number of training programs or workshops conducted to educate industries about the benefits of torque screwdrivers |
9 India Torque Screwdriver Market - Opportunity Assessment |
9.1 India Torque Screwdriver Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 India Torque Screwdriver Market Opportunity Assessment, By Applications , 2021 & 2031F |
10 India Torque Screwdriver Market - Competitive Landscape |
10.1 India Torque Screwdriver Market Revenue Share, By Companies, 2024 |
10.2 India Torque Screwdriver Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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