What are the Historical Developments and Current Growth Metrics of the Pneumatic Bolting Tool Market?
The pneumatic bolting tool market has seen considerable growth due to a variety of factors.
• Recent years have seen a robust growth in the market size of pneumatic bolting tools. There is anticipated growth from $1.54 billion in 2024 to $1.65 billion in 2025, marking a compound annual growth rate (CAGR) of 7.2%.
Factors such as the increase in pneumatic tools usage in the oil and gas sector, the expanding mining industry, surge in industrial automation, increased emphasis on safety in the workplace, and the growing necessity for installation processes without leaks or spills, have all contributed to this historical period of growth.
What Does Future Hold for The Pneumatic Bolting Tool Market By 2029?
The pneumatic bolting tool market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the size of the pneumatic bolting tool market is projected to experience robust growth, reaching a value of $2.15 billion in 2029 with a compound annual growth rate (CAGR) of 6.9%.
This significant growth is driven by the increasing expansion of the automotive sector, escalating investments in green energy ventures, rising consumer demand for improved safety capabilities, the growth of e-commerce logistics, and an increasing emphasis on minimizing operational downtime. The future market trends include the incorporation of cutting-edge technology in pneumatic bolting tools, the creation of digital torque control systems, the application of augmented reality technologies, the evolution of hybrid pneumatic tools, as well as the inclusion of artificial intelligence in predictive analytics.
What Are The Primary Growth Drivers In The Pneumatic Bolting Tool Market?
The pneumatic bolting tool market's expansion is anticipated to be fueled by the rising implementation of automation in industrial procedures. Utilizing technology to control machinery and oversee production with minimal human involvement, thus enhancing precision and efficiency, is how automation is defined in industrial operations. The surge in industrial automation is motivated by the necessity for improved productivity, cost savings, bettered safety measures, and the capacity for rapid adaptation to fluctuating operational requirements. The impact of this rise in automation on pneumatic bolting tools lies in the enhancement of their operational efficiency and precision, facilitated by the inclusion of sophisticated technologies that support improved torque control and monitoring during the tightening process. An article from the International Federation of Robotics (IFR), a non-profit from Germany, stated in September 2023 that in 2022, we witnessed a novel peak in industrial robot installations with a tally of 553,052 units. This represented a 5% rise from 2021's record of 526,144 units, vividly portraying the skyrocketing demand for efficient manufacturing procedures. Therefore, it is clear that the growth of the pneumatic bolting tool market is being driven by the rising automation in industrial procedures.
What Is The Segmentation Of The Global Pneumatic Bolting Tool Market?
The pneumatic bolting tool market covered in this report is segmented –
1) By Product Type: Angle Pneumatic Bolting Tools, Inline Pneumatic Bolting Tools, Straight Pneumatic Bolting Tools, Hex Pneumatic Bolting Tools
2) By Tools Operation: Torque Tools, Tensioning Tools
3) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
4) By Application: Oil And Gas, Automotive, Aerospace, Marine, Electronics Or Medical Or Industrial
Subsegments:
1) By Angle Pneumatic Bolting Tools: Low-Torque Angle Pneumatic Bolting Tools, High-Torque Angle Pneumatic Bolting Tools, Compact Angle Pneumatic Bolting Tools, Heavy-Duty Angle Pneumatic Bolting Tools
2) By Inline Pneumatic Bolting Tools: Standard Inline Pneumatic Bolting Tools, High-Speed Inline Pneumatic Bolting Tools, Precision Inline Pneumatic Bolting Tools, Ergonomic Inline Pneumatic Bolting Tools
3) By Straight Pneumatic Bolting Tools: Standard Straight Pneumatic Bolting Tools, High-Torque Straight Pneumatic Bolting Tools, Lightweight Straight Pneumatic Bolting Tools, Heavy-Duty Straight Pneumatic Bolting Tools
4) By Hex Pneumatic Bolting Tools: Fixed Hex Pneumatic Bolting Tools, Adjustable Hex Pneumatic Bolting Tools, Impact Hex Pneumatic Bolting Tools, High-Precision Hex Pneumatic Bolting Tools
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What New Trends Are Influencing The Pneumatic Bolting Tool Market?
Major companies operating in the pneumatic bolting tool market are focusing on technological advancements such as integrated pressure monitoring to enhance tool performance, improve user safety, and optimize energy efficiency. Integrated pressure monitoring is a technology that enables real-time measurement and display of air pressure within a pneumatic tool, ensuring optimal performance, efficiency, and longevity by preventing under- or over-pressurization. Integrated pressure monitoring in pneumatic bolting tools is used to continuously measure and display air pressure levels, ensuring optimal torque output, preventing pressure fluctuations, and enhancing tool efficiency and durability. For instance, in July 2022, Ingersoll Rand, a US-based compressor, pump, vacuum, and blower products manufacturing company, introduced the 2146Q1MAX 3/4 Impact Wrench, marking a significant advancement in pneumatic bolting technology. The tool featured an integrated pressure monitoring system, allowing users to track air pressure in real time, ensuring optimal torque output, and preventing under- or over-pressurization. Designed for heavy-duty applications, it delivered up to 2,000 ft (0.61 km)-lbs of nut-busting torque, making it ideal for automotive, construction, and industrial use.
Who Are the Key Players In The Pneumatic Bolting Tool Market?
Major companies operating in the pneumatic bolting tool market are:
• Atlas Copco AB
• Ingersoll Rand Inc.
• Snap-on Incorporated
• DEWALT Industrial Tool Company
• Enerpac Tool Group Corp.
• Chicago Pneumatic Tool Company
• Desoutter Industrial Tools Limited
• Hydratight Limited
• HYTORC Corporation
• SATA GmbH & Co. KG
• Sealey Group Limited
• Metabo HBT
• Eastwood Company
• Powermaster Engineers Private Limited
• TorcUp Incorporated
• Norbar Torque Tools Limited
• Baier Hydraulic Power Company Limited
• Parla Tech Industrial Supply Company
• Torc Star LLC
• Ultra Torq Technologies Inc.
What Are The Regional Insights Into The Pneumatic Bolting Tool Market?
North America was the largest region in the pneumatic bolting tool market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pneumatic bolting tool market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
