Report Overview

The Australia bolting tools market size is estimated to be valued at AUD 51.89 million in 2023. It is expected to grow at a CAGR of 5.70 % between 2024 and 2032 to reach almost AUD 85.46 million by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • As per ABS, the total construction work done in Australian Capital Territory rose to AUD 996 million in the March quarter of 2024.
  • As per ITA, in January 2024, there were over 350 active mine sites in Australia, further driving the bolting tools market growth.
  • In 2022, industry value added in manufacturing rose to AUD 133,852 million, an increase of 7.7% compared to 2021.

Australia Bolting Tools Market Growth

Compound Annual Growth Rate

Value in AUD million

5.7%

2024-2032


Australia Bolting Tools Market Outlook

*this image is indicative*

Based on the deployment, the hydraulic bolting tools led the Australia bolting tools market by increasing efficiency and productivity by reducing the assembly and disassembly times

As per Australia bolting tools market analysis, hydraulic bolting tools provide highly accurate torque application, ensuring that bolts are tightened to precise specifications. This precision is crucial in industries where safety and performance depend on proper fastening, such as oil and gas, construction, and mining. Mechanical bolting tools help in preventing strain injuries to the workers as they reduce physical efforts. They offer safety to the technicians in hazardous areas as they possess the remote operation capabilities feature.

Various trends driving the development of the Australia bolting tools market include the reduction in overtightening of bolts due to the installation of smart torque control features in the bolting tools. Moreover, the dependency on external power sources is reduced with the increase in the development of battery-powered bolting tools. Furthermore, to ensure the safety of workers and increase productivity, manufacturers are designing bolting tools with ergonomic features.

Australia Bolting Tools 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
  • Australian Capital Territory
  • Western Australia
  • Others

Australia Bolting Tools Market Share

The automotive sector holds a major share in the Australia bolting tools market due to its high demand for precision, reliability, efficiency, and compliance with safety standards. The industry's large-scale manufacturing needs, coupled with the growth of electric vehicles and the trend of customization, further drive the demand for advanced bolting tools.

Leading companies in the Australia bolting tools market

The growth of the bolting tools market is fueled by enhancing tool performance, safety, efficiency, and sustainability, meeting the evolving needs of various industries.

  • Technofast Industries Pty Ltd
  • Nord-Lock Australia Pty Ltd
  • Norbar Torque Tools (Australia) Pty Ltd

*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.*

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Key Questions Answered in the Report

The market was valued at AUD 51.89 million in 2023.

The market is projected to grow at a CAGR of 5.70% between 2024 and 2032.

The revenue generated from the bolting tools market is expected to reach AUD 85.46 million in 2032.

Based on the type, the bolting tools market is bifurcated into pneumatic, mechanical, electric, and hydraulic.

Key players in the bolting tools industry are Technofast Industries Pty Ltd, Nord-Lock Australia Pty Ltd, and Norbar Torque Tools (Australia) Pty Ltd among others.

Based on application, the bolting tools market is divided into construction, mining, blasting, quarrying, and others.

The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final 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:

  • Type
  • Application
  • End Use
  • Region
Breakup by Type
  • Pneumatic
  • Mechanical
  • Electric
  • Hydraulic
Breakup by Application
  • Construction
  • Quarrying
  • Mining
  • Blasting
  • Others
Breakup by End Use
  • Automotive
  • Marine
  • Oil and Gas
  • Manufacturing
  • Aerospace
  • Others
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Technofast Industries Pty Ltd
  • Nord-Lock Australia Pty Ltd
  • Norbar Torque Tools (Australia) Pty Ltd
  • Others.

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