\r\nGlobal Blow Torch Market- Industry Analysis and Forecast(2020-2027)
- POSTED ON Saturday, March 13, 2021
Global Blow Torch Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during the forecast period.
The report study has analyzed revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
A blowtorch is a fuel-burning instrument. Flame and heat are applied by using this tool. It is used for various applications, commonly for metalworking.
Global Blow Torch Market Drivers:
Liquid fuel is used in initial blow torches. The latest blow torches are generally gas-fueled, and their fuel reservoir is both disposable or refillable by the exchange. In liquid-fueled torches, a piston hand pump is used for operating and the gas torches are pressurized by the help of fuel evaporation.
Blow torches are available in different sizes, ranges, and output power. Blow torches are handheld devices, mostly used in applications like for joining leaking pipes, cooking food, and stripping paint. Based on the application, different gases are executed in blow torches. In industrial applications, acetylene or MAPP gas is used as a fuel and in commercial and residential application propane gas and butane is used as fuel.
Do-It-Yourself is one of the most rising concepts for residential use of blow torches increasing in the western region, In North America and Europe, this concept mainly rises. Small construction in the residential sector also accepts a DIY concept which increases the demand for blow torches. This is expected to boost the demand for blow torches in the coming year.
In the industrial sector vast use of blow torches is estimated to rise demand for blow torches. In the ship breaking industry there is maximum use of blow torches and is anticipated to drive the growth of the blow torch market. Again, continuous progress in the manufacturing and construction sector globally, rise in demand for blow torches, which boost the market growth in the future.
According to the end-user, Global Blow Torch Market is classified into Residential, Commercial, and Industrial sectors. In the industrial sector, the best use is in the construction & for manufacturing work. Furthermore, in residential blow torch is used for cooking, in small household uses, and for construction, etc.
Global Blow Torch Market1
Region-wise, Global Blow Torch Market is divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Among these regions, North America and Europe are the main regions in the Global Blow Torch Market. Due to the growing use of blow torch in cooking, in the Asia Pacific region this is expected to drive the growth of the blow torch market. Because there is growth in the construction sector, the Middle East & Africa and South America also show good growth in the blow torch market.
The objective of the report is to present a comprehensive analysis of the Global Blow Torch Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.The report also helps in understanding Global Blow Torch Market dynamics, structure by analyzing the market segments and project the Global Blow Torch Market size. Clear representation of competitive analysis of key players by type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Blow Torch Market make the report investor’s guide.Scope of the Global Blow Torch Market
Global Blow Torch Market, By Fuel type
• Butane• Propane• Others (acetylene and MAPP gas etc.)Global Blow Torch Market, By Mode of operation
• Manual• AutomaticGlobal Blow Torch Market, By End-user
• Residential• Commercial• IndustrialGlobal Blow Torch Market, By Region
• North America• Europe• Asia Pacific• Middle East & Africa• South AmericaKey players operating in the Global Blow Torch Market
• 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.
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