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The Australia and New Zealand bolting tools market reached approximately USD 40.38 million in 2023. The market is projected to grow at a CAGR of 5.8% between 2024 and 2032, reaching a value of around USD 67.08 million by 2032.
Australia and New Zealand Bolting Tools Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | 40.38 |
Market Size 2032 | USD Million | 67.08 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.8% |
CAGR 2024-2032 - Market by Region | Australia | 6.4% |
CAGR 2024-2032 - Market by Region | New Zealand | 6.2% |
CAGR 2024-2032 - Market by Material Type | Torque Wrenches | 6.5% |
CAGR 2024-2032 - Market by End Use | Oil and Gas | 6.6% |
Market Share by Country | Australia | XX% |
The construction sector in Australia and New Zealand has seen significant growth due to the rising population and rapid urbanisation, leading to a higher demand for bolting tools and equipment. Bolting tools are essential for the installation of structural components like steel frames and building structures. Infrastructure development projects, including highways and public facilities, are major drivers of the market. The evolution of bolting tools and systems has continued, from torque wrenches to tension tools. Moreover, the adoption of smart bolting tools and equipment is further leading to market expansion.
As per the Australia and New Zealand bolting tools market dynamics and trends, smart bolting systems utilise advanced technologies, including sensors, digital controls, and other solutions, to enhance precision and optimise safety. Another beneficial aspect of smart bolting systems includes the real-time feedback offered by them. This monitoring enables operators to further optimise the process and identify and address any potential issues before they occur.
The bolting tools market in Australia and New Zealand shows diverse growth trends by material type.
CAGR 2024-2032 - Market by | Material Type |
Torque Wrenches | 6.5% |
Tensioners | 6.1% |
Spanners | 5.5% |
CAGR 2024-2032 - Market by | End Use |
Oil and Gas | 6.6% |
Construction | 6.2% |
Power Generation | 5.6% |
Manufacturing | 5.9% |
Others | 5.2% |
Different applications of bolting tools in Australia and New Zealand exhibit distinct growth rates.
CAGR 2024-2032 - Market by | Country |
Australia | 6.4% |
New Zealand | 6.2% |
Regional analysis indicates varied growth across Australia and New Zealand. Australia leads with a CAGR of 6.4%, ranking first due to high industrial growth and infrastructure projects. New Zealand follows with a CAGR of 6.2%, reflecting steady demand from diverse industrial applications.
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the Australia and New Zealand bolting tools market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the Australia and New Zealand bolting tools industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the Australia and New Zealand bolting tools market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the Australia and New Zealand bolting tools market landscape.
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 Material Type |
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Breakup by Application |
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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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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Australia and New Zealand Bolting Tools Market Overview
8.1 Key Industry Highlights
8.2 Australia and New Zealand Bolting Tools Historical Market (2018-2023)
8.3 Australia and New Zealand Bolting Tools Market Forecast (2024-2032)
9 Australia and New Zealand Bolting Tools Market by Material Type
9.1 Torque Wrenches
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Tensioners
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Spanners
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
10 Australia and New Zealand Bolting Tools Market by Application
10.1 Oil and Gas
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Power Generation
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Construction
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Manufacturing
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Australia and New Zealand Bolting Tools Market by Country
11.1 Australia
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 New Zealand
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Atlas Copco
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Enerpac
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 SPX FLOW
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Norbar
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 HYTORC
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
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