Brazing Torch Market Share

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.