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United States Hydraulic Torque market research
United States Hydraulic Torque market is expected to reach USD 113.63 million by the end of 2025
Publisher: QYResearch
Published Date: 2018/11/20
A hydraulic torque wrench is a power tool designed to exert torque on a fastener to achieve proper tightening or loosening of a connection through the use of hydraulics. A torque wrench is applied to the nut either directly or in conjunction with an impact socket. Hydraulic torque wrenches apply a predetermined, controlled amount of torque to a properly lubricated fastener.
The United States Hydraulic Torque are mainly manufactures in USA, while some are from oversea supplier, the USA Hydraulic Torque market reached about 18066 Units in 2017 from 20999 Units in 2013. The average growth is about -3.69% in 2013-2017.
Hydraulic Torque sales main centralize in Southwest of the USA. Its consumtion took about 30.42% of USA total market in 2017, followed by the The South (24.68%), The Midwest (20.37%).
Hytorc, Enerpac, Torq/Lite, Hydratight and TorcUP are leading suppliers in USA, the total Hydraulic Torque sales occupies about 72% market share.
Demand of Hydraulic Torque in the United States has maintained steady growth. In the United States Hydraulic Torque major application are Oil & Gas and Power Industry, accounting for more than 62% of the total Hydraulic Torque sales, Power Industry is the largest segment with a share of 34%.
Despite the presence of competition problems, the USA recovery trend is clear, Hydraulic Torque retains its advantage in many areas, investors are still optimistic about this area, the growth of Hydraulic Torque show a stronger trend; the future will still have more new investment enter the field. Although sales of Hydraulic Torque brought a lot of opportunity, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Hydraulic Torque field.
The United States Hydraulic Torque market is valued at USD 70.99 million in 2018 and is expected to reach USD 113.63 million by the end of 2025, with a CAGR of 6.95%.
This article was first released by QYResearch, if reproduced, please indicate the source.
- Posted on: 2018-11-19 22:36:51
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- Item ID: 14994227