Brazing Torch Market size is expected to surpass USD 704 Million by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of brazing torch was around USD 350 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.
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?