Pneumatic Bolting Tools Market Share, Growth, Trends, and Forecast, 2019 – 2027

Global Pneumatic Bolting Tools Market– Introduction

  • A pneumatic bolting tool is a gearbox or planetary torque multiplier that is joined to a pneumatic air motor and has high reduction ratio. It is used to absorb the torque which is adjusted by controlling air pressure, so as to allow the tool operator to use it with little effort.
  • Pneumatic bolting tools are compact, convenient, accurate, and easy to use. They also reduce the overall operation time and ensure safe operations.
  • These tools are durable enough to hold out harsh on site conditions mainly in power generation, oil & gas, and mining industries.
  • Pneumatic bolting tools deliver consistent high speed rotations for continuous torque output during high torque bolting applications.
  • Pneumatic bolting tools also provide a safe work environment and leak-free installation as they reduce spills and leaks from the flanges.

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Global Pneumatic Bolting Tools Market– Dynamics

Key Drivers of the Pneumatic Bolting Tools Market

  • Increasing automation across developed and developing countries is expected to drive the demand for pneumatic bolting tools.
  • Growth in the automotive sector which has led to higher adoption of equipment is expected to propel the demand for pneumatic bolting tools during the forecast period.
  • Rising energy needs across the world is also expected to fuel the market.
  • Advanced tool technology for connecting bolts using pneumatic bolting tools has considerably decreased the number of workplace accidents as well as increased the efficiency and accuracy of fittings. This in turn is an important factor driving the pneumatic bolting tool market.
  • Pneumatic bolting tools are commonly used for fitting bolts and flanges on both offshore and onshore operations in the oil & gas industry. In addition, with oil price stabilizing, the oil & gas market has experienced stable growth over the last couple of years. This in turn is expected to enhance the demand for pneumatic bolting tools across the oil & gas industry.

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North America to Hold Significant Share of the Global Pneumatic Bolting Tools Market

  • North America is projected to hold significant share of the pneumatic bolting tools market due to growth of the automotive sector. This is expected to increase the demand for pneumatic bolting tools.
  • Expansion of the automobiles sector in Europe is projected to fuel the demand for pneumatic bolting tools in the region.
  • The oil & gas industry in Middle East and Africa (MEA) is growing and the region is establishing new storage depots. This is likely to accelerate the demand for pneumatic bolting tools in the region.
  • Electronics and automotive industries are booming in Asia Pacific due to easy availability of raw materials and cheap labor in the region. Growth of these industries will result in increased demand for pneumatic bolting tools in Asia Pacific.