India Torque Spanners Market (2025-2031) Outlook | Value, Trends, Size, Forecast, Companies, Growth, Share, Analysis, Industry & Revenue

India Torque Spanners Market Synopsis

The India torque spanners market is estimated to be valued at approximately USD 50 million by 2022, exhibiting a CAGR of 7% during 2017-2022 (the forecast period). Rising industrial activities coupled with increasing investments for infrastructure development will drive the demand for these tools over the forecast period. In addition, high labor costs have prompted manufacturers to opt for automated machines which require precise operations and thus support their uptake among industries operating in India.

Drivers of the market

The India torque spanners market is experiencing growth as industries seek accurate and calibrated torque tools. This market`s outlook is driven by factors such as the increasing demand for torque spanners in automotive, construction, and engineering applications, the growth of the maintenance and repair sector, and the adoption of torque spanners for their ease of use and precision in torque application. Additionally, the development of digital and click-type torque spanners and the rising focus on quality assurance and safety compliance are further contributing to market growth. The market is also driven by the demand for accurate and reliable torque tools in various industries for fastening and assembly operations.

Challenges of the Market

The India torque spanners market is experiencing steady growth as industries seek precision and controlled torque application in assembly and maintenance operations. This market`s outlook is driven by factors such as the increasing demand for torque-controlled tightening in automotive, aerospace, and engineering applications, the growth of the industrial and manufacturing sectors, and the adoption of torque spanners for their reliability and repeatability in fastening operations. Additionally, the development of digital and adjustable torque spanners and the rising focus on safety and quality in fastening processes are further contributing to market growth. However, the market faces challenges related to the availability of counterfeit and low-quality torque spanners, affecting the market share of genuine and certified products.

Covid-19 Impact on the Market

The India torque spanners market is experiencing growth as industries seek calibrated and reliable torque measurement tools. This market`s outlook is driven by factors such as the increasing demand for torque spanners in mechanical, automotive, and engineering applications, the growth of the manufacturing and maintenance sectors, and the adoption of spanners for their accuracy and safety in torque application. Additionally, the development of digital and adjustable torque spanners and the rising focus on precise and controlled torque tightening are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to disruptions in industrial activities and supply chain challenges. However, it is expected to recover with the resumption of manufacturing and maintenance operations and the growing demand for torque measurement tools.

Key Highlights of the Report:

• India Torque Spanners Market Outlook
• Market Size of India Torque Spanners Market, 2024
• Forecast of India Torque Spanners Market, 2031
• Historical Data and Forecast of India Torque Spanners Revenues & Volume for the Period 2021-2031
• India Torque Spanners Market Trend Evolution
• India Torque Spanners Market Drivers and Challenges
• India Torque Spanners Price Trends
• India Torque Spanners Porter's Five Forces
• India Torque Spanners Industry Life Cycle
• Historical Data and Forecast of India Torque Spanners Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of India Torque Spanners Market Revenues & Volume By Manual Torque Spanner for the Period 2021-2031
• Historical Data and Forecast of India Torque Spanners Market Revenues & Volume By Pneumatic Torque Spanner for the Period 2021-2031
• Historical Data and Forecast of India Torque Spanners Market Revenues & Volume By Electronic Torque Spanner for the Period 2021-2031
• Historical Data and Forecast of India Torque Spanners Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Torque Spanners Market Revenues & Volume By Automotive, Engineering & Construction for the Period 2021-2031
• Historical Data and Forecast of India Torque Spanners Market Revenues & Volume By Shipping & Aerospace for the Period 2021-2031
• Historical Data and Forecast of India Torque Spanners Market Revenues & Volume By Other for the Period 2021-2031
• India Torque Spanners Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• India Torque Spanners Top Companies Market Share
• India Torque Spanners Competitive Benchmarking By Technical and Operational Parameters
• India Torque Spanners Company Profiles
• India Torque Spanners Key Strategic Recommendations