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

Name: Philippines Torque Screwdriver Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Torque Screwdriver Market, Philippines Torque Screwdriver Market, Philippines Torque Screwdriver Market Revenues, Philippines Torque Screwdriver Market Share, Philippines Torque Screwdriver Market Size, Philippines Torque Screwdriver Market Outlook, Philippines Torque Screwdriver Market Report, Philippines Torque Screwdriver Market Competition, Philippines Torque Screwdriver Market Overview, Philippines Torque Screwdriver Market Trends, Philippines Torque Screwdriver Market Forecast

Market Forecast By Types (Electric Torque Screwdriver, Manual Torque Screwdriver), By Applications (Automotive, Engineering and Construction, Machinery Manufacturing, Shipping and Aerospace, Other) And Competitive Landscape

Product Code: ETC308549	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

Philippines Torque Screwdriver Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The Philippines saw a significant increase in torque screwdriver import shipments in 2024, with top exporting countries being China, USA, Japan, Taiwan, Province of China, and Germany. Despite the high concentration with a high Herfindahl-Hirschman Index (HHI), the market experienced steady growth with a compound annual growth rate (CAGR) of 5.26% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -11.29%, indicating some fluctuations in the market dynamics.

Philippines Torque Screwdriver Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Philippines Torque Screwdriver Market Synopsis

The Philippines torque screwdriver market caters to various industries requiring precise torque applications. As technology advances, industries demand more accurate assembly tools. The CAGR for the torque screwdriver market in the Philippines is expected to be 8% due to increasing automation.

Drivers of the Market

The Philippines torque screwdriver market has grown due to the emphasis on quality control and product reliability in manufacturing sectors such as electronics and automotive. Torque screwdrivers ensure proper tightening of screws to prevent over-tightening or under-tightening, which can lead to product defects. As industries prioritize precision and consistency, the demand for torque screwdrivers has increased, driving market growth.

Challenges of the Market

The torque screwdriver market faces challenges linked to precision and versatility. Designing screwdrivers that offer consistent torque control for various applications can be technically demanding.

COVID-19 Impact on the Market

The Philippines torque screwdriver market has been negatively impacted by the COVID-19 pandemic. The manufacturing sector, a major user of torque screwdrivers, has experienced disruptions due to lockdowns and restrictions. The decline in industrial activities has resulted in reduced demand for torque screwdrivers.

Key Players in the Market

Leading companies in the Philippines torque screwdriver market include Gedore Group, Wiha Tools, and Mountz Inc.

Key Highlights of the Report:

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

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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 Philippines Torque Screwdriver Market Overview

3.1 Philippines Country Macro Economic Indicators

3.2 Philippines Torque Screwdriver Market Revenues & Volume, 2021 & 2031F

3.3 Philippines Torque Screwdriver Market - Industry Life Cycle

3.4 Philippines Torque Screwdriver Market - Porter's Five Forces

3.5 Philippines Torque Screwdriver Market Revenues & Volume Share, By Types, 2021 & 2031F

3.6 Philippines Torque Screwdriver Market Revenues & Volume Share, By Applications , 2021 & 2031F

4 Philippines Torque Screwdriver Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for precision tools in industries such as electronics, automotive, and manufacturing

4.2.2 Growing focus on quality control and product assembly in the Philippines

4.2.3 Technological advancements leading to the development of more efficient and precise torque screwdrivers

4.3 Market Restraints

4.3.1 High initial investment costs associated with purchasing torque screwdrivers

4.3.2 Limited awareness and adoption of torque screwdrivers in certain industries

4.3.3 Intense competition from manual tools and traditional methods of fastening

5 Philippines Torque Screwdriver Market Trends

6 Philippines Torque Screwdriver Market, By Types

6.1 Philippines Torque Screwdriver Market, By Types

6.1.1 Overview and Analysis

6.1.2 Philippines Torque Screwdriver Market Revenues & Volume, By Types, 2021-2031F

6.1.3 Philippines Torque Screwdriver Market Revenues & Volume, By Electric Torque Screwdriver, 2021-2031F

6.1.4 Philippines Torque Screwdriver Market Revenues & Volume, By Manual Torque Screwdriver, 2021-2031F

6.2 Philippines Torque Screwdriver Market, By Applications

6.2.1 Overview and Analysis

6.2.2 Philippines Torque Screwdriver Market Revenues & Volume, By Automotive, 2021-2031F

6.2.3 Philippines Torque Screwdriver Market Revenues & Volume, By Engineering and Construction, 2021-2031F

6.2.4 Philippines Torque Screwdriver Market Revenues & Volume, By Machinery Manufacturing, 2021-2031F

6.2.5 Philippines Torque Screwdriver Market Revenues & Volume, By Shipping and Aerospace, 2021-2031F

6.2.6 Philippines Torque Screwdriver Market Revenues & Volume, By Other, 2021-2031F

7 Philippines Torque Screwdriver Market Import-Export Trade Statistics

7.1 Philippines Torque Screwdriver Market Export to Major Countries

7.2 Philippines Torque Screwdriver Market Imports from Major Countries

8 Philippines Torque Screwdriver Market Key Performance Indicators

8.1 Customer satisfaction score related to the performance and accuracy of torque screwdrivers

8.2 Percentage increase in the number of industries adopting torque screwdrivers for assembly processes

8.3 Average time saved per assembly task by using torque screwdrivers

9 Philippines Torque Screwdriver Market - Opportunity Assessment

9.1 Philippines Torque Screwdriver Market Opportunity Assessment, By Types, 2021 & 2031F

9.2 Philippines Torque Screwdriver Market Opportunity Assessment, By Applications , 2021 & 2031F

10 Philippines Torque Screwdriver Market - Competitive Landscape

10.1 Philippines Torque Screwdriver Market Revenue Share, By Companies, 2024

10.2 Philippines Torque Screwdriver Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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