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Australia Bolting Tools Market Size, Share, Trends, Growth: By Type: Pneumatic, Mechanical, Electric, Hydraulic; By Application: Construction, Quarrying, Mining, Blasting, Others; By End Use: Automotive, Marine, Oil and Gas, Manufacturing, Aerospace, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Australia Bolting Tools Market Outlook
The Australia bolting tools market size is projected to grow at a CAGR of 5.7% between 2024 and 2032.
Key Takeaways
- Key players in the market are Nord-Lock Australia Pty Ltd, Radical Torque Solutions, and HYTORC.
- Bolting tools play a crucial role in various industries, including automotive, aerospace, and marine. They offer torque wrench pumps, hydraulic pumps, nut splitters, flange pullers, bolt tensioners, and bolting systems, along with maintenance, repair, and calibration services.
- HYTORC provides a flange bolting calculator that computes recommended torque values, bolting patterns, tool selection, and pump pressure settings for standard ASME B16.5 and API 6A flanges under normal assembly conditions.
A significant trend towards integration of smart technology into bolting tools, featuring remote monitoring, data analysis, and torque control enhances operational efficiency and reduces human error. These technological advancements are driving the demand for more advanced and efficient bolting tools, impacting the Australia bolting tools market growth.
The increasing use of bolting tools in various industries such as energy, mining, infrastructure development, and gas sectors, driven by digitalisation, safety regulations, maintenance, and compliance requirements is another key trend increasing the Australia bolting tools market share. The growth of wind and solar energy projects presents opportunities for bolting tool manufacturers, as these projects rely on precise bolting for construction and maintenance.
Moreover, advancements in mining operations necessitate specialised bolting tools capable of handling large equipment efficiently and ensuring safety. The market's growth is further supported by DIY initiatives among homeowners and the availability of a wide variety of tool kits catering to do-it-yourself enthusiasts. These tools are designed to improve joint integrity, save time, and increase work speed.
Additionally, with the increasing automation in industries and the need for time-saving tools, the demand for bolting tools is expected to continue growing in Australia. Key players like Atlas Copco, Chicago Pneumatic, ENERPAC, and others are actively engaged in offering innovative solutions and expanding their market presence in the bolting tools sector.
Pneumatic bolting tools, powered by compressed air, offer manoeuvrability and precision ideal for industries like automotive and manufacturing. Mechanical tools, operated manually, provide cost-effective solutions for construction and mining applications. Electric tools, running on electricity, offer convenience and efficiency in industries with readily available power sources. Hydraulic tools, utilising hydraulic fluid for high power and precision, excel in heavy-duty tasks in sectors like mining and construction. Each type caters to specific applications, contributing to the market's growth.
Market Segmentation
Australia Bolting Tools Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Pneumatic
- Mechanical
- Electric
- Hydraulic
Market Breakup by Application
- Construction
- Quarrying
- Mining
- Blasting
- Others
Market Breakup by End Use
- Automotive
- Marine
- Oil and Gas
- Manufacturing
- Aerospace
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Market players are focused on providing accurate, convenient, and efficient tools for tightening bolts, catering to industries such as oil and gas, automotive, aerospace, marine, and manufacturing.
- Technofast Industries Pty Ltd
- Nord-Lock Australia Pty Ltd
- Norbar Torque Tools (Australia) Pty Ltd
- Radical Torque Solutions
- HYTORC
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Bolting Tools Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Bolting Tools Historical Market (2018-2023)
8.3 Asia Pacific Bolting Tools Market Forecast (2024-2032)
9 Australia Bolting Tools Market Overview
9.1 Key Industry Highlights
9.2 Australia Bolting Tools Historical Market (2018-2023)
9.3 Australia Bolting Tools Market Forecast (2024-2032)
10 Australia Bolting Tools Market by Type
10.1 Pneumatic
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Mechanical
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Electric
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Hydraulic
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Australia Bolting Tools Market by Application
11.1 Construction
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Quarrying
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Mining
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Blasting
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Bolting Tools Market by End Use
12.1 Automotive
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Marine
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Oil and Gas
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Manufacturing
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Aerospace
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Australia Bolting Tools Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Technofast Industries Pty Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Nord-Lock Australia Pty Ltd
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Norbar Torque Tools (Australia) Pty Ltd
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Radical Torque Solutions
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 HYTORC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Bolting Tools Market: Key Industry Highlights, 2018 and 2032
2. Australia Bolting Tools Market: Key Industry Highlights, 2018 and 2032
3. Australia Bolting Tools Historical Market: Breakup by Type (USD Million), 2018-2023
4. Australia Bolting Tools Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Australia Bolting Tools Historical Market: Breakup by Application (USD Million), 2018-2023
6. Australia Bolting Tools Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Australia Bolting Tools Historical Market: Breakup by End Use (USD Million), 2018-2023
8. Australia Bolting Tools Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. Australia Bolting Tools Historical Market: Breakup by Region (USD Million), 2018-2023
10. Australia Bolting Tools Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Australia Bolting Tools Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 5.7% between 2024 and 2032.
Key drivers aiding the growth of the market include the increasing use of bolting tools in various industries such as the energy sector, mining industry, infrastructure development, and gas sector, driven by digitalisation, safety regulations, and compliance requirements.
Key trends aiding the market expansion include growth of wind and solar energy projects, advancements in mining operations, and rising focus on ergonomics and user-friendly designs in bolting tools.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on end use, the market segmentations include automotive, marine, oil and gas, manufacturing, and aerospace, among others.
Pneumatic, mechanical, electric, and hydraulic tools are considered in the report.
Key players in the market are Technofast Industries Pty Ltd, Nord-Lock Australia Pty Ltd, Norbar Torque Tools (Australia) Pty Ltd, Radical Torque Solutions, and HYTORC, among others.
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