As per Future Market Insights, the brazing torch market is anticipated to attain a value pool of US$ 350 million by 2023-end. Global demand for brazing torchesis expected to rise at a CAGR of 5% to US$ 570 million in 2033.
Data Points
Key Statistics
Expected Market Value in 2023
US$ 350 million
Projected Market Value in 2033
US$ 570 million
Growth Rate (2023 to 2033)
5% CAGR
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Key Market Drivers
Sustainability and Environmental Concerns: Among the latest drivers for the brazing torch market is the growing focus on sustainability and environmental concerns. There is increasing demand for brazing torches that are energy-efficient, emit less greenhouse gases, and are made using sustainable materials. Manufacturers are investing in research and development to create brazing torches that have a smaller carbon footprint and are eco-friendlier
Growing Demand from End-Use Industries: The brazing torch market is also being driven by the growing demand from end-use industries such as automotive, aerospace, and construction. These industries use brazing torches for a variety of applications, such as joining metal parts and repairing machinery. With the growing demand for high-quality and reliable brazing torches, manufacturers are investing in research and development to create products that meet the specific needs of these industries. There is increasing demand for brazing torches that are lightweight, portable, and easy to use, making them ideal for on-site repairs and maintenance work.
Expected Growth Opportunities
Increasing Adoption of Electric Vehicles: The increasing adoption of electric vehicles (EVs) presents a significant opportunity for the brazing torch market. EVs require specialized components that need to be joined using brazing technology. As the demand for EVs continues to grow, so will the demand for brazing torches and related equipment. Manufacturers can capitalize on this opportunity by developing specialized brazing torches and equipment that cater to the specific needs of the EV industry.
Expansion of Aerospace and Defence Industry: The expansion of the aerospace and defence industry presents a significant opportunity for the brazing torch market. The industry requires high-quality and reliable brazing equipment for a range of applications, such as aircraft engine manufacturing and maintenance. With the expansion of the aerospace and defence industry, there will be an increasing demand for brazing torches that can meet the stringent quality and safety standards of the industry.
Increasing Investment in Infrastructure: The brazing torch market is experiencing a significant trend driven by increasing investment in infrastructure projects such as roads, bridges, and buildings. This creates an increasing demand for brazing equipment.
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Prevalent Industry Trends
Use of Lightweight and Portable Brazing Torch Equipment: The brazing torch market is trending towards lightweight and portable equipment that is easy to use and transport, particularly in industries such as construction and maintenance. Manufacturers are developing compact and manoeuvrable brazing torches.
Integration of Automation and Digitalization: Manufacturers in the brazing torch market are integrating automation and digitalization. Manufacturers are incorporating advanced features such as temperature sensors, automatic shut-off systems, and digital displays into their brazing torches. These features enable operators to monitor and control the brazing process more effectively, resulting in improved efficiency and consistency. Additionally, manufacturers are developing brazing torches that can be integrated into automated production lines, increasing productivity and reducing labour costs.
Adoption of Eco-friendly Brazing Torch Equipment: Manufacturers in the brazing torch market are responding to the growing trend towards eco-friendliness by developing equipment that emits fewer greenhouse gases and consumes less energy. The adoption of eco-friendly brazing torch equipment is driven by the need for sustainable and environmentally friendly products across all industries. Manufacturers are exploring alternative fuels like hydrogen and biofuels to power brazing torches, reducing their carbon footprint further. The trend towards eco-friendliness will continue to shape the brazing torch market, prompting manufacturers to develop more sustainable and energy-efficient products.
This market is primarily driven by rising demand from the construction, electrical and electronics and automotive industry. With the growing demand from the automotive industry, the demand for this product is likely to grow and garner more attention during the forecast period.
What is Driving Demand for Brazing Torch?
Rising demand from the fabrication and joint works involved construction industry particularly in multitude of end use sectors is anticipated to increase the market growth. Technology advancements for the improvement of cost effective product are additionally anticipated to emphatically affect development.
Owing to the increasing applications in different industry, including power, electronics and automotive industry, the market growth is expected to be on a rising curve. The market growth is anticipated to witness continual increase in the forecast period, owing to the increasing demand from the automotive manufacturers.
Employment of robotic technology over manually operated prototypes will be witnessed a key trend to adopt the paradigm shift by end users. End users will find the ergonomic brazing torch very affordable due to its higher productivity, improved quality and lower overhead, which is likely to increase the adoption rate in the forecast period.
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Automotive Industry Likely to Increase Brazing Torch Sales
The rising sales of automotive is probably going to build the interest for brazing torch. In automotive, this technique is utilized for attaching of line fittings, tanks, carbide tips on apparatuses, radiators, heat exchangers, and so on. Subsequently, this will make a need to upgrade efficiency, quality and security among automotive manufacturer which, thus, will rise the interest for this product.
GCC Brazing Torch Outlook
The market is expected to record a substantial growth rate during the forecast period. GCC is anticipated to be a prominent region in terms of both volume and value share in the global market.
The construction industry is expected to lead the end user base of brazing torch, followed by general fabrication industries owing to the existence of several small-sized manufacturers, particularly in the countries of KSA, UAE and Oman.
Cumulatively, developed markets, such as Europe and North America, are anticipated to hold half of the market value share in the global market during the forecast period.
South East Asia Demand Outlook for Brazing Torch
East Asia is expected to witness high volume sales during the forecast period and also an incremental opportunity between 2021 and 2031. The remarkable performance of China, Japan, and South Korea within side the automobile sector will replicate at the income overall performance of the market, as automotive giants not only focus on manufacturing vehicles, but also focus on the differentiation of their products.
As these countries continue to push digitalization to harvest advantage of automation, the introduction of lightweight, hand-held, ergonomic and flexible brazing torches will have a high adoption rate to complement the production of futuristic vehicles
Who are the Key Manufacturers and Suppliers of Brazing Torch?
Some of the leading manufacturers include
Illinois Tool Works Inc.
ESAB
Panasonic Welding
SKS Welding Systems
EWM AG
Parweld Ltd
Tweco, Miller Electric Mfg. LLC
Fronius International GmbH
Abicor Binzel USA Inc.
Tokin Corporation
Tregaskiss, Bernard
Uniarc Ltd
Oximig Do Sul
SUMIG USA Corporation
DINSE Inc.
Lincoln Electric Company
TBi Industries GmbH
Tokin Corporation
Manufacturers can focus more on growth of the end-use industry, targeting their production, supply chain and distribution channel. Inspiration concerning the marketing may be drawn from the market leader - Illinois Tool Works Inc. Over the past few years, the company has created an enormous capital investment into the event of a web platform, thereby, adding a brand new sales dimension to the company.
Another example of a noble strategy to grow in the market is proven by The Lincoln Electric Company. The corporate has been specializing in the collaboration of advanced technology to its torches, which helps it observe a differentiated rating strategy, particularly in the new brazing torch markets
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
