| Product Code: ETC5234806 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Lithuania continued to see a steady flow of torque wrench imports, with top exporters being Germany, Poland, China, Denmark, and Sweden. Despite a slight decline in growth rate from 2023 to 2024, the overall compound annual growth rate (CAGR) for the period 2020-2024 remained positive at 2.92%. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level, indicating a competitive landscape among import sources. Overall, the import market for torque wrenches in Lithuania has shown resilience and stability, with room for potential growth in the coming years.
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 Lithuania Torque Wrench Market Overview  | 
3.1 Lithuania Country Macro Economic Indicators  | 
3.2 Lithuania Torque Wrench Market Revenues & Volume, 2021 & 2031F  | 
3.3 Lithuania Torque Wrench Market - Industry Life Cycle  | 
3.4 Lithuania Torque Wrench Market - Porter's Five Forces  | 
3.5 Lithuania Torque Wrench Market Revenues & Volume Share, By Product Type, 2021 & 2031F  | 
3.6 Lithuania Torque Wrench Market Revenues & Volume Share, By Applications, 2021 & 2031F  | 
4 Lithuania Torque Wrench Market Dynamics  | 
4.1 Impact Analysis  | 
4.2 Market Drivers  | 
4.2.1 Increasing demand for precision tools in industries such as automotive, manufacturing, and construction  | 
4.2.2 Technological advancements in torque wrenches leading to improved accuracy and efficiency  | 
4.2.3 Growing focus on quality control and maintenance in various sectors driving the need for torque wrenches  | 
4.3 Market Restraints  | 
4.3.1 High initial cost of torque wrenches limiting adoption, especially among small and medium enterprises  | 
4.3.2 Limited awareness and understanding of the importance of torque tools in certain industries  | 
4.3.3 Competition from substitute tools or manual methods affecting the growth of the torque wrench market  | 
5 Lithuania Torque Wrench Market Trends  | 
6 Lithuania Torque Wrench Market Segmentations  | 
6.1 Lithuania Torque Wrench Market, By Product Type  | 
6.1.1 Overview and Analysis  | 
6.1.2 Lithuania Torque Wrench Market Revenues & Volume, By Manual Torque Wrench, 2021-2031F  | 
6.1.3 Lithuania Torque Wrench Market Revenues & Volume, By Pneumatic Torque Wrench, 2021-2031F  | 
6.1.4 Lithuania Torque Wrench Market Revenues & Volume, By Electronic Torque Wrench, 2021-2031F  | 
6.2 Lithuania Torque Wrench Market, By Applications  | 
6.2.1 Overview and Analysis  | 
6.2.2 Lithuania Torque Wrench Market Revenues & Volume, By Automotive, 2021-2031F  | 
6.2.3 Lithuania Torque Wrench Market Revenues & Volume, By Engineering & Machinery Manufacturing, 2021-2031F  | 
6.2.4 Lithuania Torque Wrench Market Revenues & Volume, By Construction, 2021-2031F  | 
6.2.5 Lithuania Torque Wrench Market Revenues & Volume, By Shipping & Aerospace, 2021-2031F  | 
6.2.6 Lithuania Torque Wrench Market Revenues & Volume, By Other, 2021-2031F  | 
7 Lithuania Torque Wrench Market Import-Export Trade Statistics  | 
7.1 Lithuania Torque Wrench Market Export to Major Countries  | 
7.2 Lithuania Torque Wrench Market Imports from Major Countries  | 
8 Lithuania Torque Wrench Market Key Performance Indicators  | 
8.1 Percentage increase in the adoption of digital torque wrenches  | 
8.2 Rate of innovation in torque wrench technology  | 
8.3 Number of training programs conducted on torque wrench usage and maintenance  | 
8.4 Customer satisfaction score related to the performance of torque wrenches  | 
8.5 Frequency of torque wrench calibration and maintenance services provided  | 
9 Lithuania Torque Wrench Market - Opportunity Assessment  | 
9.1 Lithuania Torque Wrench Market Opportunity Assessment, By Product Type, 2021 & 2031F  | 
9.2 Lithuania Torque Wrench Market Opportunity Assessment, By Applications, 2021 & 2031F  | 
10 Lithuania Torque Wrench Market - Competitive Landscape  | 
10.1 Lithuania Torque Wrench Market Revenue Share, By Companies, 2024  | 
10.2 Lithuania Torque Wrench Market Competitive Benchmarking, By Operating and Technical Parameters  | 
11 Company Profiles  | 
12 Recommendations  | 13 Disclaimer  |