Brazing Torch Market size was over USD 372.48 million in 2024 and is anticipated to cross USD 711.11 million by 2037, witnessing more than 5.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of forestry & landuse carbon credit is estimated at USD 387.68 million. Increasing demand from end-use sectors like the automotive, aerospace, and construction is supporting the market growth. For tasks like connecting metal components and fixing machinery, these businesses use brazing torches. As the need for dependable and high-quality brazing torches grows, producers are spending money on research & development to provide goods that are tailored to the requirements of these sectors. Lightweight, portable, and user-friendly brazing torches are in high demand because they are perfect for on-site maintenance and repair work.
In addition, a significant trend owing to increasing investments in infrastructure including roads, bridges, and buildings is also taking place on the market for brazing torch. In 263 projects, private participation in the infrastructure PPI commitments increased by 23% from 2021, amounting to USD 91.7 billion. As a consequence, there is an increased demand for brazing equipment.
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.1% |
Base Year Market Size (2024) |
USD 372.48 million |
Forecast Year Market Size (2037) |
USD 711.11 million |
Regional Scope |
|
Product Type (MIG, MAG, TIG, Plasma)
The MIG segment in the brazing torch market is expected to hold the largest revenue share during the forecast period, amounting to 44%. MIG brazing is superior for thicker objects because it uses electrodes as a substrate. It's very suited to automatic and mechanical brazing. The brazing speed may be increased while the level of brazing seam quality is kept to a high standard. This tool allows brazing to be done out of position in difficult locations. There is a low cost of filter metal. The market in this segment is estimated to witness growth as a result of the benefits of MIG brazing torch.
End-User (Automotive, construction, Demolition & Scrap, Heavy Equipment Manufacturing, Oil & Gas)
Brazing torch market from the automotive segment is expected to grow rapidly and attain a significant value by 2036. The increasing demand for brazing torch in the automotive and transportation sector is a result of it offering several benefits to these sectors. The key advantages are increased flexibility, increased productivity, and significant maintenance and energy cost savings while producing a robust braze. The main benefits include greater adaptability, increased output, significant maintenance and energy cost savings, and the production of a strong braze.
Our in-depth analysis of the global market includes the following segments:
Product Type |
|
End-User |
|
APAC Market Forecast
Asia Pacific industry is expected to account for largest revenue share of 45% by 2037. The increased attention that automotive industry behemoths pay to both vehicle manufacturing and product differentiation is one of the primary causes. Additionally, the region's high population density causes a rise in construction activity. For instance, China has one of the largest construction industries. Further, as per Indian Government, by 2025, the construction industry in India is anticipated to reach USD 1.4 Tn. The growth of construction sector is a key factor in making purchasing a welding torch interesting, especially for end users in general fabrication. As a result, the regional market is estimated to witness significant growth.
North American Market Statistics
North American Market brazing torch market is expected to attain a significant growth during the forecast period. This is mainly due to important manufacturing located in the regional nations. Brazing tool technology advancements will also contribute to the market's rapid expansion. Additionally, the region's construction industry is well-established and has seen an increase in industrial automation over time. The construction sector in the United States generated USD 1.36 trillion in revenue in 2020. Together, these elements support the market's expansion in the North America.
Author Credits: Richa Gupta
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?