| Product Code: ETC5234825 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The New Zealand torque wrench import market saw a continued strong presence from top exporting countries such as China, Taiwan, USA, Australia, and Germany in 2024. Despite a slight decrease in growth rate from the previous year, the market maintained a high level of concentration, indicating stable market dynamics. The impressive compound annual growth rate (CAGR) of 10.33% from 2020 to 2024 highlights the steady expansion of the market. Overall, the import shipments of torque wrenches into New Zealand show resilience and sustained interest from key global suppliers.
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 New Zealand Torque Wrench Market Overview |
3.1 New Zealand Country Macro Economic Indicators |
3.2 New Zealand Torque Wrench Market Revenues & Volume, 2021 & 2031F |
3.3 New Zealand Torque Wrench Market - Industry Life Cycle |
3.4 New Zealand Torque Wrench Market - Porter's Five Forces |
3.5 New Zealand Torque Wrench Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 New Zealand Torque Wrench Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 New Zealand Torque Wrench Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision tools in automotive and manufacturing industries |
4.2.2 Emphasis on workplace safety and accuracy in torque applications |
4.2.3 Growing adoption of torque wrenches in the construction sector |
4.3 Market Restraints |
4.3.1 Price sensitivity among consumers due to the high initial investment in quality torque wrenches |
4.3.2 Limited awareness and education about the benefits and proper use of torque wrenches |
4.3.3 Competition from substitute tools or methods for torque applications |
5 New Zealand Torque Wrench Market Trends |
6 New Zealand Torque Wrench Market Segmentations |
6.1 New Zealand Torque Wrench Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 New Zealand Torque Wrench Market Revenues & Volume, By Manual Torque Wrench, 2021-2031F |
6.1.3 New Zealand Torque Wrench Market Revenues & Volume, By Pneumatic Torque Wrench, 2021-2031F |
6.1.4 New Zealand Torque Wrench Market Revenues & Volume, By Electronic Torque Wrench, 2021-2031F |
6.2 New Zealand Torque Wrench Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 New Zealand Torque Wrench Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 New Zealand Torque Wrench Market Revenues & Volume, By Engineering & Machinery Manufacturing, 2021-2031F |
6.2.4 New Zealand Torque Wrench Market Revenues & Volume, By Construction, 2021-2031F |
6.2.5 New Zealand Torque Wrench Market Revenues & Volume, By Shipping & Aerospace, 2021-2031F |
6.2.6 New Zealand Torque Wrench Market Revenues & Volume, By Other, 2021-2031F |
7 New Zealand Torque Wrench Market Import-Export Trade Statistics |
7.1 New Zealand Torque Wrench Market Export to Major Countries |
7.2 New Zealand Torque Wrench Market Imports from Major Countries |
8 New Zealand Torque Wrench Market Key Performance Indicators |
8.1 Percentage increase in the number of certified torque wrench operators |
8.2 Growth in the number of torque wrench training programs offered |
8.3 Percentage of manufacturing companies using torque wrenches for quality control |
8.4 Increase in the number of torque wrench maintenance and calibration services provided |
8.5 Adoption rate of digital or smart torque wrench technology in the market |
9 New Zealand Torque Wrench Market - Opportunity Assessment |
9.1 New Zealand Torque Wrench Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 New Zealand Torque Wrench Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 New Zealand Torque Wrench Market - Competitive Landscape |
10.1 New Zealand Torque Wrench Market Revenue Share, By Companies, 2024 |
10.2 New Zealand Torque Wrench Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |