According to a recent survey published by FMI, the global Brazing Torch market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Brazing Torch over the coming decade.
The Arrival of Industry 4.0 Technology Will Open Up New Growth Opportunities for the Brazing Torch Market
The industrial sector is undergoing a change as manufacturers throughout the world place a strong emphasis on incorporating advanced automation. This is usually referred to as Industry 4.0.
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With the advent of Industry 4.0, manufacturers are emphasising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is projected to open up attractive expansion potential in the Brazing Torch market.
Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.
Key Brazing Torch Market Takeaways and Projections
- The U.S. is estimated dominate the Brazing Torch market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Brazing Torch Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Brazing Torch Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Brazing Torch As per the survey, Brazing Torch sales will project steady growth over the forecast period.
- Brazing Torch Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Brazing Torch.
- Brazing Torch Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Competitive Landscape Analysis
Some of the leading manufacturers include
- Illinois Tool Works Inc.
- ESAB
- Panasonic Welding
- SKS Welding Systems
- EWM AG
- Parweld Ltd
- Tweco, Miller Electric Mfg. LLC
- Fronius International GmbH
- Abicor Binzel USA Inc.
- Tokin Corporation
- Tregaskiss, Bernard
- Uniarc Ltd
- Oximig Do Sul
- SUMIG USA Corporation
- DINSE Inc.
- Lincoln Electric Company
- TBi Industries GmbH
- Tokin Corporation
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Key Segments of Brazing Torch Market
By Product Type:
- MIG/MAG
- TIG
- Plasma
By Cooling Method:
- Water cooled
- Gas Cooled
By Distribution Channel:
- Online
- Offline
By Mode of Operation:
- Manual
- Automatic
By End Use Industry:
- Automotive
- Construction
- Demolition & Scrap
- Heavy Equipment Manufacturing
- Oil & Gas
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middles East & Africa
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About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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