Global Pneumatic Bolting Tools Mark

Global Pneumatic Bolting Tools Market size was valued at US$ XX Mn in 2019 and expected to reach US$ XX Mn by 2019 at a CAGR of 6% during the forecast period.

The Global Pneumatic Bolting Tools market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Pneumatic Bolting Tools report also provides trends by market segments, technology, and investment with a competitive landscape.

Global Pneumatic Bolting Tools Market

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Global Pneumatic Bolting Tools Market Overview:

A pneumatic bolting tool is a planetary gearbox driven by an air motor. The gearbox contains a reaction arm to absorb the force applied by the torque reaction of the gears. The gearbox has a very high reduction ratio and hence used for consistent high-speed rotation with the reduction in overall machining time. Pneumatic torque bolting tools can produce 600-1000 Nm of torque in accordance with the operator and given manufacturing conditions.

Pneumatic bolting tools have high power to weight ratio hence, they are easy to handle. As pneumatic tools are operated by a continuous gearing mechanism, the tools do not make any noise and hammering. Rising demand for pneumatic bolting tools in the construction sector and increasing demand for leak-free and spill free installation of the system are the factors attributing growth in the market.
Global Pneumatic Bolting Tools Market Dynamics:

Increasing geriatric population across the globe and increasing use and awareness of safety protocols in various industries are the key factors attributing growth in the Pneumatic Bolting Tools market. Furthermore, the growing automotive sector and increasing automation in the manufacturing industry across all the emerging economies across the globe are the factors considered to boost the market growth.

Need of efficiency and accuracy in the bolting and increasing improvements made by bolting tools manufacturers to flatten the load curve of the system are the factors attributing to market growth in the pneumatic bolting tools market. Increasing transportation charges amid the COVID pandemic and high maintenance of the pneumatic system are the factors considered to hamper the market growth.

Adaptation of new pneumatic flange designs and lowering of oil prices are the factors expected to create opportunities in the market during the forecast period as pneumatic bolting tools have the several applications in the oil and gas segment.
Pneumatic Bolting Tools Market segmentation:

Based on tools, the pneumatic bolting tools market is segmented as torque tools and tensioning tools. Torque tools are the dominating segment in the market with approximately 72% market share owing to the high flexibility offered by torque tools and offshore and onshore demand of pneumatic bolting tools in the oil and gas industry. According to Power master, torque tools are accounted for approximately 60% of sales in the year 2019 owing to consistency in the speed ratio of torque tools and highly feasible dynamics. Tensioning tools is the second dominating segment in the market owing to their fitting accuracy.

Based on type, the pneumatic bolting tools market is bifurcated into customized and standard. Customized type is the dominating segment in the market with approximately 55% market share. Factors attributing to the growth of the market are the increasing demand for pneumatic tools accessible for various mechanical conditions and the need for proper tooling. Standard type is the second dominating segment in the market with approximately 45% market share owing to the increasing use of standardized tooling and bolting equipment in the market.

Global Pneumatic Bolting Tools Market 1

Based on types of bolt, the market is segregated into wind bolt tensioners, topside bolt tensioners, hydraulic bolt tensioners and sub-sea bolt tensioners. Hydraulic bolt tensioners are the dominating segment in the market with approximately 42% market share in the year 2019 owing to fewer efforts consumed during hydraulic tooling operations and no requirement for thread projection for the hydraulic tensioning system.

Based on the end-user industry, pneumatic bolting tools market is divided into Oil& Gas, power, wind, marine, medical, railway, electronics, aerospace, off-road equipment, and others. Oil and gas the industry is the dominating end-user segment in the market owing to increasing stabilization of oil prices and demand for natural gas across the globe.

Global Pneumatic Bolting Tools Market 2
Impact of Covid pandemic on the Pneumatic Bolting Tools market:

Covid pandemic is expected to pose a low to moderate impact on the Pneumatic Bolting Tools Market owing to the effects of a pandemic on the research and manufacturing activities across the globe. Strict government norms and increasing cost of transportation owing to supply chain distortion and lowering of manufacturing activities are the factors considered to slightly declining the market growth of pneumatic bolting tools. The market is expected to expand during the forecast period owing to increasing demand in the supply chain and various commercial activities pick up the speed.

According to Tristar International, Pneumatic Bolting Tools Market sustained heavy damage owing to disruption in transportation services across the globe due to stringent lockdown norms imposed by various governments. Moreover, the company stated that the market is expected to reach approximately 30% market growth post-pandemic owing to increasing manufacturing services and increasing demand for maintenance tools for various projects post-pandemic.
Global Pneumatic Bolting Tools Market Regional Insights:

North America holds the major share in the Pneumatic Bolting Tools Market with approximately 48% of total revenue share in the Pneumatic Bolting Tools Market in the year 2019 owing to increasing demand for innovation and product development in the market. Moreover, increasing disposable income of the consumers and well-established manufacturing sector are the supporting factors considered driving the market growth in the region.

The Asia Pacific is the fastest-growing region in the Pneumatic Bolting Tools Market with approximately 35% market share. Factors attributing growth in the market are the abundance of key manufacturers of Pneumatic Bolting Tools in the region and increasing manufacturing of products keeping the changing needs of consumers in mind. China holds the largest market share of approximately 56% owing to the increasing no. of key players in the region related to the electronic components manufacturing sector.

Global Pneumatic Bolting Tools Market 3

The objective of the report is to present a comprehensive analysis of the Global Pneumatic Bolting Tools Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Pneumatic Bolting Tools Market dynamics, structure by analyzing the market segments and project the Global Pneumatic Bolting Tools Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Pneumatic Bolting Tools Market make the report investor’s guide
Global Pneumatic Bolting Tools Market Scope: Inquire before buying

Global Pneumatic Bolting Tools Market 4
Global Pneumatic Bolting Tools Market, by Region

• North America
• US
• Canada
• Mexico
• Europe
• U.K
• France
• Germany
• Italy
• Spain
• Sweden
• CIS Countries
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• ASEAN
• Rest of Asia Pacific
• Middle East and Africa
• South Africa
• GCC Countries
• Egypt
• Nigeria
• Rest of ME&A
• South America
• Brazil
• Argentina
• Rest of South America
Global Pneumatic Bolting Tools Market Key Players

• ENERPAC
• Chicago pneumatic
• Atlas Copco
• Powermaster Engineers Pvt. Ltd.
• New World Technologies Inc.
• Torc Star
• TRISTAR INTERNATIONAL
• Baier Hydraulic Power Co. Ltd.
• Parla Tech Industrial Supply
• TorcUp Inc.
• Ultra Torq
• HYTORC
• Hydratight Ltd.
• Norbar Torque Tools
• Snap-On Incorporated

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