Brazing Torch Market Overview
According to the latest research by Future Market Insights, brazing torch market is increasing at a moderate pace with a significant growth rate and is projected that the market will grow significantly during 2021-2031 with an anticipated CAGR between 4% and 5% for the same period.
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.
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.
- 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.
Key Segments of Brazing Torch Market
By Product Type:
By Cooling Method:
- Water cooled
- Gas Cooled
By Distribution Channel:
By Mode of Operation:
By End Use Industry:
- Demolition & Scrap
- Heavy Equipment Manufacturing
- Oil & Gas
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middles East & Africa