Market Research Future (MRFR) has published a cooked research report on the “Global Blowing Torch Market” that contains information from 2018 to 2032. The blowing torch market is estimated to register a CAGR of 5.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global blowing torch market - Auscrown Pty Ltd., Iwatani Corp., Lakeland, Bernzomatic, LN Marketing Pty Ltd., Rekrow Industrial Inc., Bullfinch Gas Equipment Ltd., Fowkes Bros. (PTY) Ltd., and Magna Industries Inc.
Blowing Torch Market Highlights
The global blowing torch market is accounted to register a CAGR of 5.20% during the forecast period and is estimated to reach USD 0.505 billion by 2032.
During this forecast period, the worldwide blowing torch market is anticipated to increase as a result of the rising demand for blowing torches in industrial applications. For instance, the expansion of the ship-breaking business worldwide, where blowing torches are heavily utilized, will favorably affect market expansion. The development of the global construction and manufacturing industries is also anticipated to fuel the expansion of the blowing torch market over the course of the forecast period. Furthermore, the market will expand due to the growing popularity of Do-It-Yourself projects for domestic use.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of blowing torch market trends
Segment Analysis
The global blowing torch market has been segmented based mode of operation, application and fuel type.
On the basis of mode of operation, the market is segmented into Manual and Automatic. The manual segment was attributed to holding the largest market share in 2022 due to their wide range of applications in activities like cooking, camping, and DIY.
Based on application, the global blowing torch market has been segmented into Residential, Commercial and Industrial. The industrial segment was expected to hold the largest market share in 2022 due to their use in cooking, painting, crafts, and mending food piping.
Based on fuel type, the global blowing torch market has been segmented into Butane, Propane, Liquid Petroleum Gas and Others. The butane segment was expected to hold the largest market share in 2022 because butane is becoming more widely available and has benefits like low toxicity and limited use. Compared to other gases, butane gas burns significantly more cleanly and emits carbon dioxide.
Regional Analysis
The global blowing torch market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe blowing torch market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The blowing torch market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World blowing torch market comprises of Middle East, Africa, and Latin America.
The largest market share for blowing torch was maintained by the North American regional sector due to the presence of significant market participants and the substantial need for blowing torches in industries including plumbing, automotive, and construction. Additionally, the growing popularity of do-it-yourself projects and house improvements is fostering a potential market for blowing torches among homeowners and accelerating market growth.
Moreover, the Europe market has been persistently growing over the forecast period. The need for blowing torches in the food business in this area is driven by the growing popularity of culinary arts and the necessity for precise cooking methods. Furthermore, the market is growing due to the rise of the metalworking industry, where blowing torches are utilized for metal fabrication, brazing, and soldering.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Because of the accelerated industrialization and expanding infrastructure in nations like China, India, and Japan, Asia Pacific is predicted to have significant growth during the projected period. Additionally, a growing demand for blowing torches with low fuel consumption and minimal environmental impact is propelling market expansion in this area.
Furthermore, the rest of the world's blowing torch market is divided into the Middle East, Africa, and Latin America. The Middle East & Africa and Latin America both exhibit strong growth in the blowing torch market due to the expansion of the construction industry. The expanding manufacturing and industrial sectors are another factor in the expansion. Both the home and business sectors make extensive use of blowing torches.
Key Findings of the Study
- The global blowing torch market is expected to reach USD 0.505 billion by 2032, at a CAGR of 5.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market owing to the rapid industrialisation and growing infrastructure of countries like China, India, and Japan.
- Based on fuel type, the butane segment was attributed to holding the largest market in 2022, with an approximate market share of 40%.
- Auscrown Pty Ltd., Iwatani Corp., Lakeland, Bernzomatic, LN Marketing Pty Ltd., Rekrow Industrial Inc., Bullfinch Gas Equipment Ltd., Fowkes Bros. (PTY) Ltd., and Magna Industries Inc.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.