Brazing Torch Market Size & Share, by Product Type (MIG, MAG, TIG, Plasma); End-User (Automotive, construction, Demolition & Scrap, Heavy Equipment Manufacturing, Oil & Gas) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5354
  • Published Date: Nov 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Brazing Torch Market Overview
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Brazing Torch Sector: Growth Drivers and Challenges

  • Increase in electric vehicle adoption- Significant opportunities in the brazing torch market are being created by increasing adoption of electric vehicles. EVs require specialized parts that are required to be bonded via belting technology. And as demand for electric vehicles continues to grow, there is also a rising demand for Brazing Torches and associated equipment. Manufacturers can use this opportunity to develop special brazing torches and equipment for the electric vehicle sector which are in line with their particular needs.
  • Integration of Digitalization & Automation– Manufacturers in the market are integrating automation and digitalization. Manufacturers are incorporating advanced features such as temperature sensors, automatic shut-off systems, and digital displays into their brazing process more efficiently, resulting in improved consistency. Additionally, manufacturers are developing brazing torches that can be integrated into automated production lines, increasing productivity and reducing labour costs.
  • Equipment property- The ability to work with a variety of metals, including steel, brass, aluminium, stainless steel, and bronze, is one of the brazing torches' key advantages. The procedure is also fairly quick and effective. The strong connections that brazed joints have that are resistant to vibration and fatigue make them perfect for use in situations where strength is crucial. These unique qualities make the equipment well-liked by consumers, which raises consumer demand for it.
  • Adoption of Eco-friendly Brazing Torch Equipment- Manufacturers in the market are responding to the increased demand for eco-friendly products by creating machinery that uses less energy and generates fewer greenhouse gases. The demand for ecologically friendly and sustainably produced goods across all industries is what spurs the use of eco-friendly brazing torch equipment. To further reduce their carbon impact, manufacturers are looking into alternative fuels like hydrogen and biofuels to power brazing torches. The market for brazing torches will continue to be shaped by the trend toward environmental friendliness, which will encourage producers to create more environmentally friendly and energy-efficient goods.

Challenges

  • Characteristic Flaw- The brazing alloy does not wet a single joint surface, resulting in an unsatisfactory heat distribution and a badly fitting preform. In addition to this, it may lead to excessive local temperature tolerance and localized overheating with an excess freezing range alloy leading to shrinkage. Further, cracking in the body due to thermal stresses on cooling, and contamination of brazing alloy. Failure of the joint surface also resulted in the formation of cracked layers. The growth of the market is limited by these conformity consequences.
  • High initial setup costs associated with welding torches and equipment limit the adoption, especially among small-scale enterprises.
  • Compliance costs for manufacturers of welding torches are increasing as a result of stringent government regulations on worker safety and emissions control.

Brazing Torch Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 6%

Base Year Market Size (2023)

 ~ USD 350 Million

Forecast Year Market Size (2036)

 ~ USD 704 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Brazing Torch Segmentation

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

  • MIG
  •  MAG
  •  TIG
  •  Plasma

          End-User

  • Automotive
  • Construction
  • Demolition & Scrap
  • Heavy Equipment Manufacturing
  • Oil & Gas

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Brazing Torch Industry - Regional Synopsis

APAC Market Forecast

Asia Pacific region is anticipated to hold 45% share of the global brazing torch market by 2036. 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.

Research Nester
Brazing Torch Market Region
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Companies Dominating the Brazing Torch Landscape

top-features-companies
    • Illinois Tool Works Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ESAB
    • SKS Welding Systems GmbH
    • EWM GmbH 
    • Parweld LTD
    • Miller Electric Mfg. Co.
    • Fronius International GmbH
    •  ABICOR BINZEL USA, Inc.
    • TBi Industries GmbH
    •  DINSE Inc

In the News

  • November, 2022- The revolutionary Renegade VOLTTM ES 200i Stick/TIG battery-powered welding system was presented by ESAB, a global leader in welding and cutting equipment and consumables and a division of ESAB Corporation (NYSE: ESAB). The company has elevated the concept of portability with the Renegade VOLT," stated Olivier Biebuyck, President of ESAB Corporation's EMEA and Global Products.
  • April,2023- The Kemppi AX MIG Welder is a robust robotic welder that combines the newest welding technology with a user-friendly interface, seamless integration, and power. The AX MIG Welder was designed with high-stress, round-the-clock automated welding situations in mind. With a robotic wire feeder and 400 or 500 A power, it is designed to fulfill rigorous production targets and accomplish challenging tasks.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5354
  • Published Date: Nov 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing investments in infrastructure, rising adoption in digitalization and automation, robust electric vehicle sector are some of the factors responsible for the market’s growth.

The market size of brazing torch is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Illinois Tool Works Inc., ESAB SKS Welding Systems GmbH, EWM GmbH, Parweld LTD, Miller Electric Mfg. Co., Fronius International GmbH, ABICOR BINZEL USA, Inc., TBi Industries GmbH, DINSE Inc and others.

The MIG segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Brazing Torch Market Report Scope
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