Blow Torch Market By Fuel Type (Butane, Propane, Liquid Petroleum Gas), By Mode of Operation (Manual, Automatic), By Application (Residential, Commercial, Industrial), And Region For 2024-2031
Report ID: 160465|No. of Pages: 202
Blow Torch Market By Fuel Type (Butane, Propane, Liquid Petroleum Gas), By Mode of Operation (Manual, Automatic), By Application (Residential, Commercial, Industrial), And Region For 2024-2031
Blow Torch Market Valuation – 2024-2031
The blow torch market is witnessing rising demand due to several major variables across many industries. Blow torches are vital instruments in the construction and metalworking sectors for welding, soldering, and brazing. As these industries expand, particularly with infrastructure projects and renovations, the demand for high-quality, dependable blow torches rises. The construction boom, particularly in emerging markets and developing countries is increasing the use of blow torches for operations such as welding metals and cutting through various materials by enabling the market to surpass a revenue of USD 3.92 Billion valued in 2023 and reach a valuation of around USD 6.25 Billion by 2031.
Another key source of demand is the increased popularity of do-it-yourself and home renovation projects. As more people engage in do-it-yourself repairs and creative endeavors, the demand for blow torches in home and hobbyist applications has increased. Blow torches are increasingly being utilized for jobs like handicrafts, small-scale welding, and even cooking that require precise heating by enabling the market to grow at a CAGR of 6% from 2024 to 2031.
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Blow Torch Market: Definition/ Overview
A blow torch is a multipurpose equipment that generates a controlled, high-temperature flame for a variety of purposes including welding, soldering, brazing, and heating. It typically includes a gasoline source, a nozzle, and an ignite mechanism. The fuel can be propane, acetylene, butane, or other flammable gases that are stored in pressurized tanks or canisters.
They are handy instruments used in a variety of sectors due to their ability to generate a focused, high-temperature flame. Blow torches are essential tools in the metalworking industry for welding, soldering, and brazing. They enable the exact application of heat to connect metals or melt specific locations.
The use of blow torches in the future is anticipated to change considerably as technology advances and applications in many areas expand. In industrial settings, blow torches will continue to play an important role in welding, soldering, and metalworking but their uses will become more specialized and efficient.
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Will Increasing Technological Advancements Drive the Blow Torch Market?
Technological developments are a major driver of the blow torch market promoting innovation in design, efficiency, and usefulness. These advancements are broadening the applications of blow torches across sectors and improving their performance, consequently supporting market growth. According to the department, propane emits around 12% less CO2 than gasoline when combusted making it an appealing option for ecologically conscientious customers.
This growth is likely to drive up demand for adaptable and user-friendly blow torches. Multi-fuel blow torches which may use a variety of fuel sources are becoming increasingly popular due to their versatility and cost-efficiency. According to the National Association of Home Builders, 67% of professional contractors prefer multi-fuel equipment because they are more versatile and need less downtime. In terms of ergonomics, lightweight materials, and improved designs make blow torches more pleasant for extended usage.
Will the High Initial Costs and Maintenance Requirements Hamper the Blow Torch Market?
High starting expenditures and maintenance needs may impasse the expansion of the blow torch market. The initial cost of high-quality blow torches, particularly those utilized in industrial applications can be significant. These large initial expenditures may inhibit smaller enterprises and individual customers limiting market expansion in these areas. Furthermore, blow torches used in specialist applications frequently necessitate larger investments in training and technical assistance raising the financial burden on end users.
Maintenance requirements also provide a hurdle. Blow torches especially ones with complex features or used in harsh locations require frequent maintenance to ensure peak performance and safety. This involves routine maintenance, cleaning, and part replacement which can be costly and time-consuming. For enterprises, constant maintenance can cause operational disruptions and increased costs affecting overall productivity. For individuals and small businesses, the necessity for regular maintenance may exceed the advantages of owning a high-quality blow torch restricting market penetration.
Category-Wise Acumens
Will Increasing Availability of Butane and the Advantages of Using Butane Drive Growth in the Fuel Type Segment?
The butane fuel type category has emerged as a dominant force in the worldwide blow torch market, owing to the increased availability and benefits of butane as a fuel. One of the key reasons for this domination is the ubiquitous availability of butane which has become more accessible as it is used in applications other than blow torches such as lighters and portable stoves. Butane’s efficient production and delivery networks have made it a dependable and cost-effective option for consumers and businesses alike.
Butane also provides major performance benefits that contribute to its market domination. When burned, butane produces a clean flame with few impurities resulting in less soot and residue than other gases. This clean-burning quality guarantees that butane blow torches run more efficiently and require less maintenance. Furthermore, the combustion of butane predominantly produces carbon dioxide and water vapor which are less damaging than the emissions of some other fuels.
Will the Diverse and Expanding Uses of Blow Torches Drive the Application Segment?
The industrial segment is dominant. This rise is being driven by the numerous and expanding applications of blow torches in industrial settings. Industrial blow torches are increasingly being used for operations like precision cooking, especially in culinary environments where high heat is necessary for gourmet dishes. They are also important in craft applications such as metalworking and glassblowing. The demand for strong and dependable blow torches in various applications is driving considerable growth in the industrial sector.
The residential category is also experiencing a significant increase in demand. Blow torches are becoming more widespread in households for a variety of purposes indicating a growing interest in DIY projects and home repair. In residential settings, blow torches are commonly used for cooking, especially for operations that need high, controlled heat such as caramelizing sugar or searing meat. They are also useful for repairing residential plumbing such as replacing pipes and soldering fittings.
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Country/Region-wise Acumens
Will the Increasing Demand for High-Quality and Safety-Conscious Blow Torches Drive the Market in the North American Region?
The North American blow torch market is a dominant region due to the rising demand for high-quality, safety-conscious products, especially in the United States. This trend is being driven mostly by stringent safety standards and an increasing awareness of worker safety across multiple industries. The desire for safer, more dependable blow torches is having a huge impact on the North American market.
According to the US Bureau of Labor Statistics, there were around 49,000 fires in industrial and manufacturing properties in 2019 causing more than USD 1.1 Billion in physical damage. The construction industry, a significant consumer of blow torches is also driving market expansion by focusing on safety and quality. According to the US Census Bureau, construction investment will reach USD 1.57 Trillion in 2021 representing an 8.2% rise over 2020. As construction operations have increased so has the demand for high-quality instruments such as blow torches.
Will the Increasing Rapid Industrialization Drive the Market in the Asia Pacific Region?
The Asia Pacific region is having the fastest growth in the blow torch market which is primarily driven by rising industrialization. This fast growth is most visible in countries such as China, India, and Southeast Asian nations where industrial expansion is occurring at an unprecedented rate. Rapid development in the Asia Pacific region is a major driver of the blow torch market.
According to the Asian Development Bank (ADB), industrial production in emerging Asia will increase by 6.9% in 2021 with further growth expected in the next years. The construction industry which is a significant user of blow torches is also expanding in the region. Turner & Townsend’s International Construction Market Survey 2021 projects that Asia’s construction production will expand at a 5.7% annual rate through 2025. In Southeast Asia, countries like Vietnam and Indonesia are seeing fast industrial development.
Competitive Landscape
The Blow Torch Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the blow torch market include:
Iwatani Corporation, Auscrown Pty Ltd., Bernzomatic, Lakeland, LN Marketing Pty Ltd. (Hot Devil), Rekrow Industrial, Inc., Fowkes Bros. (PTY) Ltd., Bullfinch Gas Equipment Ltd., Magna Industries Inc., Andrew James, Bright Spark, Finether, Philonext, GoSystem, Bond Hardware, Rothenberger.
Latest Developments
- In June 2022, Rothenberger and Knipex united, combining their expertise in hand tools and accessories, notably blow torches, to increase innovation and market reach.
- In December 2021, Bessey Tools bought Walter Tools, to broaden its portfolio of clamping and cutting tools, including blow torches, and improving its position in the industrial tools sector.
Report Scope:
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2018-2031 |
| Growth Rate | CAGR of ~6% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2018-2022 |
| UNIT | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players |
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| Customization | Report customization along with purchase available upon request |
Blow Torch Market, By Category
Fuel Type:
- Butane
- Propane
- Liquid Petroleum Gas
- Others
Mode of Operation:
- Manual
- Automatic
Application:
- Residential
- Commercial
- Industrial
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL BLOW TORCH MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL BLOW TORCH MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL BLOW TORCH MARKET, BY FUEL TYPE
5.1 Overview
5.2 Butane
5.3 Propane
5.4 Liquid Petroleum Gas
5.5 Others
6 GLOBAL BLOW TORCH MARKET, BY MODE OF OPERATION
6.1 Overview
6.2 Manual
6.3 Automatic
7 GLOBAL BLOW TORCH MARKET, BY APPLICATION
7.1 Overview
7.2 Residential
7.3 Commercial
7.4 Industrial
8 GLOBAL BLOW TORCH MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL BLOW TORCH MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Auscrown Pty Ltd.
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Iwatani Corp.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Development
10.3 Lakeland
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Bernzomatic
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 LN Marketing Pty Ltd.
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Rekrow Industrial Inc.
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Bullfinch Gas Equipment Ltd.
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Development
10.8 Fowkes Bros. (PTY) Ltd.
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Magna Industries Inc.
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
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We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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