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DC Torque Tool Market worth $4.4 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, July 1, 2024 /PRNewswire/ — The DC Torque Tool Market is expected to reach USD 4.4 billion by 2029 from USD 3.6 billion in 2024, at a CAGR of 3.7% during 2024–2029 according to a new report by MarketsandMarkets™. The significant growth factor associated with the DC torque tool market is growing demand in the automotive industry, and a heavy emphasis on quality control in a variety of sectors. Technological developments in DC torque tool features, regulatory compliance, and the growth of manufacturing in emerging economies like China and India. Moreover, the demand for precision in consumer electronics, manufacturing, and maintenance operations, as well as the tools’ customization, all help to drive market growth.

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Browse in-depth TOC on “DC Torque Tool Market”
200 – Tables
71 – Figures
227 – Pages

DC Torque Tool Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 3.6 billion

Estimated Value by 2029

$ 4.4 billion

Growth Rate

Poised to grow at a CAGR of 3.7%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Handheld Tool, Fixtured Tool, Power Source, Control System, Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Overheating and duty cycle constraints in high-torque operations

Key Market Opportunities

Increasing demand for smart and connected DC torque tools

Key Market Drivers

Surging demand for electric fastening tools for motor vehicles

The handheld tools segment is to grow with a higher CAGR during the forecast period.

The DC torque tool have been segmented into two tool types, handheld tools and fixtured tools. Handheld tools are preferred over fixtured tools due to portability, handheld tools can be moved freely, where as fixtures tools are stationary, mounted on a workstation only. Their portability enables easy maneuverability within a workspace and versatility in addressing various fasteners. These tools provide superior accessibility and can reach fasteners in confined spaces where fixtured tools cannot. Furthermore, these tools are often less expensive since they eliminate the need for fixtures.

Handheld tools are widely used in a variety of industries, including automotive, aerospace, consumer electronics, and appliances. Technological developments such as longer battery life and smart features boost their efficiency and usage. The demand for precision and quality in assembly processes, particularly with the shift to electric vehicles, is driving growth in this market.

Cordless power source segment is to grow at the highest growth rate during the forecast period.

Cordless DC torque tools are precision tools that employ rechargeable batteries to deliver exact torque levels to bolts. Advancements in battery technology, notably the development of sophisticated lithium-ion batteries, have substantially increased cordless tools’ power, capacity, and recharge cycles, making them more adaptable to demanding jobs. Cordless tools are more powerful and flexible, allowing operators to work in remote or cramped regions without the limits of a power connection. They improve safety by eliminating trip risks and entanglements, while their ergonomic characteristics reduce operator fatigue and increase productivity. Furthermore, sophisticated technologies like wireless networking, data logging, and torque tracking provide real-time monitoring and exact management. These features are consistent with Industry 4.0 aims, which fuel demand for cordless DC torque tools.

The Automotive industry holds the largest market share during the forecast period.

The market is segmented into various industries including automotive, aerospace, consumer electronics and appliances, energy, shipbuilding and other industries. Automotive is a major market for DC torque tools. The automotive industry dominates the DC torque tool market because to the need for high precision and quality in vehicle assembly, complex manufacturing processes, and the transition to electric vehicles. The industry’s use of automation and strict safety regulations drives demand for these tools. According to the International Organisation of Motor Vehicle Manufacturers (OICA), motor vehicle manufacturing is increasing internationally, which is fueling market development.

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Asia Pacific holds the largest market share of the DC torque tool market throughout the forecast period.

Asia Pacific consists of – China, Japan, India, and Rest of Asia Pacific. The China is serving as the major contributor to the DC torque tool industry in this area. Asia Pacific holds the largest market share due to rapid automotive industry expansion, significant investments in manufacturing facilities, and rising adoption of automated technologies. Firstly, Asian economies are becoming markets in their own right as their incomes rise. Secondly, is that the ability to deliver products digitally has shifted the principal driver of regional growth from manufacturing to services. Moreover, Government initiatives promoting automotive growth, particularly in electric vehicle production, combined with increasing middle-class populations and urbanization, drive demand for precise assembly tools. The increasing investments in infrastructure projects and manufacturing facilities in the Asia Pacific region boost the demand for advanced tools and technologies.

The report profiles key players in DC torque tool companies such Atlas Copco AB (Sweden), Apex Tool Group, LLC (US), Ingersoll Rand (US), Stanley Black & Decker, Inc. (US), Robert Bosch GmbH (Germany), and others.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Coreline Soft and Mint Medical Announce Partnership to Advance AI-Enabled Lung Cancer Screening

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HEIDELBERG, Germany and SEOUL, South Korea, June 18, 2026 /PRNewswire/ — Coreline Soft and Mint Medical today announced a partnership to advance AI-enabled lung cancer screening, following more than six months of technical collaboration and integration work. Through this collaboration, Coreline Soft’s AI imaging platform AVIEW has been integrated into mint Lesion, Mint Medical’s flagship platform for structured reporting and standardized imaging data management, to support clinical lung cancer screening workflows.

The partnership supports an end-to-end workflow connecting AI-powered pulmonary nodule detection, multi-disease analysis, structured reporting, longitudinal nodule tracking, and multi-site reading management. While initially focused on Germany, where LDCT-based lung cancer screening entered statutory health insurance reimbursement in April 2026, the collaboration is designed to scale across international markets where structured and operationally rigorous screening programs are emerging.

Background: Why Germany, Why Now

Germany’s national screening framework requires double reading by independent institutions, CAD software utilization, longitudinal follow-up, quality assurance, and GDPR-compliant multi-site data management. In this context, AI’s role has evolved from optional decision support to operational necessity. What hospitals now require is not simply a high-performing algorithm, but an integrated workflow that connects detection, structured reporting, and follow-up into a reliable, scalable system. This collaboration is built to meet that requirement — and to serve as a replicable model for other national programs adopting similar standards.

“With the integration of Coreline Soft’s AI solution into mint Lesion, we are specifically addressing the requirements of lung cancer screening and enabling scalable, quality-assured workflows, longitudinal follow-up, and optimized interaction with AI results. Coreline Soft contributes an established and clinically validated solution that complements our structured reporting workflows very well. The partnership also allows us to bring the full workflow to our markets in a consolidated way and provide hospitals with seamless access.”
— Onur Özek, Managing Director, Mint Medical

“Coreline Soft has developed AI that goes beyond pulmonary nodule detection, analyzing findings related to lung cancer, COPD, and coronary artery calcification from a single chest CT through opportunistic analysis. Mint Medical’s mint Lesion platform connects those AI-derived findings to structured reporting and longitudinal patient management, which is exactly what Germany’s national screening infrastructure demands. When detection, structured reporting, and follow-up management are joined in a single operational flow, AI becomes the infrastructure that transforms how a healthcare system operates.”
— Jin-Kook Kim, CEO, Coreline Soft

Coreline Soft’s AVIEW has been applied in over 2.5 million real-world clinical reads across hospitals in 19 countries, and is the adopted AI solution in major lung cancer screening initiatives including HANSE (Germany), IMPULSION (France), and RISP (Italy).
Through the mint Lesion platform, partner technologies are incorporated directly into the radiologist’s reading process, supporting standardized data collection from medical images. The open environment allows radiologists to utilize AI-augmented third-party applications while documenting findings in a structured format.
The integration of AVIEW into mint Lesion is designed to enable AI-detected lung nodule findings to be incorporated into structured reporting workflows, supporting Lung-RADS classifications, volume doubling time (VDT) calculations, and follow-up planning. This helps reduce manual workload and improve consistency across multi-site lung cancer screening operations.

About Coreline Soft
Coreline Soft is a medical AI company that develops and commercializes AI-powered chest CT imaging software. Its flagship AI platform, AVIEW, simultaneously detects pulmonary nodules, quantifies emphysema, and assesses coronary artery calcification from a single low-dose chest CT — delivering multiple clinical insights without additional imaging.

About Mint Medical
Mint Medical, a Snke company, is a global leader in software solutions for structured reporting and data-driven radiology. Its flagship platform, mint Lesion, streamlines the diagnostic workflow in clinical routine and research by transforming medical images into high-quality, reproducible data. Mint Medical provides a vendor-neutral ecosystem that integrates advanced, AI-augmented solutions from third-party partners — including automated lesion detection and segmentation — directly into the radiologist’s reading process. By bridging the gap between imaging findings and standardized clinical criteria, Mint Medical enables the precise, longitudinal assessments essential for the advancement of precision medicine.

Media Contacts
Coreline Soft
General Inquiries
Email: global.mkt@corelinesoft.com

PR Inquiries
Youna Kim, PR Manager
Email: youna.kim@corelinesoft.com

Subject Matter Expert
Franck Ruiz, Marketing Management
Email: franck.ruiz@corelinesoft.com

Mint Medical
Media Inquiries
Corina Leibli, VP MarCom
Email: corina.leibli@mint-medical.com
Phone: +49 6221 32180-21 (CET+1)

Subject Matter Expert
Dr. Sigrid Auweter, Product Management
Email: sigrid.auweter@mint-medical.com

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Mobility Technology Firm KPIT Expands its Vietnam Presence with New Center and University Partnerships

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Partnering with leading universities and creating 100+ job opportunities, KPIT signals long-term commitment to Vietnam’s technology talent ecosystem.

HANOI, Vietnam, June 18, 2026 /PRNewswire/ — KPIT Technologies, a global technology partner to the Automotive and Mobility ecosystem, announced an expansion of its Vietnam presence with the inauguration of a new technology center in Hanoi and strategic collaborations with two leading universities. With over 25 years of specialized expertise in mobility, experience across 2000+ vehicle production programs, and software powering 20+ million vehicles on the road, this marks an important step in KPIT’s long-term commitment to Southeast Asia and its vision to help shape the future of Mobility.  

A strategic base for Southeast Asia’s Mobility growth

The global mobility industry is focusing on strengthening its competitive advantage by reducing vehicle costs, improving manufacturing efficiency, faster release of vehicles and features, and differentiated consumer experiences. Southeast Asia is emerging as an important region in the mobility value chain. For KPIT, Vietnam represents both a strong local opportunity and a strategic gateway into a fast-evolving regional ecosystem. The new technology center will serve as a hub for engineering, innovation, and collaboration, supporting mobility programs across Southeast Asia and the broader Asia-Pacific region.

KPIT’s growing presence in Vietnam reflects its strategy of being close to the markets where mobility is being reimagined. The company already works with Mobility leaders across Germany, Japan, USA, China, India and other markets.

The Vietnam center has already employed several local engineers and will add 100+ positions in the near future.

Building a long-term talent ecosystem and job opportunities in Vietnam

As part of its long-term vision for the country, KPIT has also signed Memorandums of Understanding with Hanoi University of Science and Technology (HUST- is Vietnam’s first and leading technical university, known for its strong academic tradition, quality faculty, and research achievements); and VinUniversity (VinUni is a private, not-for-profit university built to international standards, with strategic collaborations with Cornell University and the University of Pennsylvania). These partnerships are aimed at strengthening industry-academia collaboration, developing next-gen Mobility talent, and creating huge job opportunities for students and young professionals in Vietnam.

Commenting on the expansion, Sachin Tikekar, President & Joint MD, KPIT Technologies, said, “Vietnam is an important long-term market and talent hub for KPIT in Southeast Asia. We see strong potential in its talent, energy, and pace of innovation, with both homegrown and global vehicle makers continuing to invest in the country. With our new technology center and partnerships with leading universities, we are committed to building local talent, creating high-quality jobs, and establishing a meaningful long-term presence in the region.” 

About KPIT

KPIT is reimagining mobility to create a cleaner, smarter, and safer world. With 25+ years of expertise, KPIT is transforming Software and AI-Defined Vehicles. www.kpit.com 

Media Contact

Sunil Ravish
Sr. Director – Marketing, Media Relations
sunil.r@kpit.com 

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Vibefam Raises US$1 Million to Build an AI-Powered Operating System for Fitness Businesses

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SINGAPORE and NEW YORK, June 18, 2026 /PRNewswire/ — Vibefam, the all-in-one operating system for fitness businesses, announced the completion of a US$1 million seed funding round led by a Singapore-based family office with a strong track record of backing category-defining technology companies. In addition to capital, the investor brings deep operating insight and a network built through years of supporting founders and working alongside leading venture investors.

Today, Vibefam powers more than 700 fitness locations worldwide and serves over 500,000 end users. The platform supports a diverse range of fitness businesses, including Pilates studios, yoga studios, strength and conditioning gyms, dance academies, martial arts schools, and boutique fitness brands.

The investment will accelerate Vibefam’s mission to help fitness businesses launch, operate, and scale through a unified platform that combines operations, payments, customer engagement, and growth solutions within a single platform.

The funding comes at a time when fitness operators are increasingly seeking intelligent operating platforms that unify operations, payments, and customer engagement, replacing fragmented technology stacks and legacy software platforms.

“Fitness businesses deserve technology that works as hard as they do,” said Serene Lim, Co-Founder and CEO of Vibefam. “Many operators still juggle multiple disconnected systems to manage bookings, payments, customer communication, marketing, and reporting. We’re building a platform that brings everything together, helping businesses operate more efficiently while delivering better experiences to their customers.”

The newly raised capital will primarily be invested into artificial intelligence and embedded financial services, two areas the company believes will fundamentally reshape how service businesses operate.

In July 2026, Vibefam will launch Vibe AI, a messaging-native customer engagement platform that allows members to interact with fitness businesses through natural conversations. From answering enquiries and recommending classes to completing bookings and re-engaging inactive customers, the platform helps businesses deliver instant service at scale without increasing administrative workload.

The company is also expanding its embedded finance capabilities through a growing network of financial partners, enabling eligible businesses to access funding directly within the Vibefam platform to support expansion, hiring, equipment purchases, and working capital needs. By leveraging operational data already available on Vibefam, eligible businesses can gain faster access to growth capital with significantly reduced paperwork and approval times.

“We believe the future of business software will be proactive, intelligent, and deeply embedded into the daily operations of every business,” Lim added. “The opportunity extends far beyond managing bookings and payments. We’re building infrastructure that helps fitness businesses acquire customers, automate operations, access capital, and make better decisions every day.”

The funding will support continued product development, strategic hiring, and the expansion of Vibefam’s AI and embedded finance capabilities as the company continues its evolution into a comprehensive operating system for fitness businesses.

About Vibefam

Vibefam is an AI-powered operating system for fitness businesses. The platform helps gyms, studios, and wellness operators manage scheduling, memberships, payments, customer engagement, reporting, and growth from a single platform. Today, Vibefam powers more than 700 fitness locations worldwide and serves over 500,000 end users.

Vibefam is also backed by leading early-stage investors including Hustle Fund and Ignite Asia, alongside strategic investors and operators from the fitness and wellness industry who bring deep expertise in building and scaling consumer and service businesses.

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