2032 Handheld Welding Torch Market Trends and Insights
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The global handheld welding torch market size, valued at USD 2.5 billion in 2023, is anticipated to grow to USD 3.5 billion by 2032, with a 4.2% CAGR from 2024 to 2032. Modern torches, designed for greater efficiency, lighter weight, and improved usability, have increased their adoption in various industries. They are essential in construction projects, from small residential buildings to large commercial structures. In the automotive sector, these torches are crucial for manufacturing and repairing components, capable of welding materials like stainless steel and aluminum with precision.
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The global handheld welding torch market size, valued at USD 2.5 billion in 2023, is anticipated to grow to USD 3.5 billion by 2032, with a 4.2% CAGR from 2024 to 2032. Modern torches, designed for greater efficiency, lighter weight, and improved usability, have increased their adoption in various industries. They are essential in construction projects, from small residential buildings to large commercial structures. In the automotive sector, these torches are crucial for manufacturing and repairing components, capable of welding materials like stainless steel and aluminum with precision.
09:26 AM - Jan 09, 2025 (UTC)