A blow torch is a tool that projects a controlled stream of highly flammable gas over a spark to produce a controlled flame. Blow torches are handheld devices used for cooking food, striping paint, as well as for fixing leaking pipes. Most blow torches use pressurized fuel gases such as propane or butane. However, different gases are used depending on the application. For example, blow torch used in industrial applications requires acetylene or MAPP gas as a fuel to mix with oxygen whereas blow torches for residential and commercial purpose uses butane or propane as fuel.
Blow Torch – Competitive Landscape
The blow torch market is highly fragmented with the presence of many key players globally as well as regionally. The market has many players according to its application, such as residential (cooking, small household construction etc.) and industrial (construction & manufacturing etc.) usage. Application of blow torch in the residential segment is popular in North America and Europe, especially for cooking purposes. Some of the key players in the blow torch market are described below.
Iwatani Corporation is a Japan based company specialized in manufacturing butane blow torch. Apart from blow torch, the company also deals in butane stoves, gas stations, gas matches, induction cooking ranges etc. The company has strong presence in the United States with its sales representative in more than 30 states.
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Auscrown Pty Ltd.
Auscrown Pty Ltd. is an Australian company specialized in manufacture of gas and electric appliances. The company’s product portfolio includes gas burners, rice cookers, hose and fittings, range hoods, blow torch, kitchenware and its accessories.
Established in 1876, Bernzomatic is an American company specialized in manufacturing hand torches and torch kits. The company also specializes in manufacturing utility lighters and fuel cylinders. The company offers it products for extensive applications such as DIY, cooking, outdoor camping, and emergency preparedness etc.
Lakeland has more than 50 years of experience in providing solutions for kitchen wear, home and garden etc. The company provides cooking products, storage, electrical, and cleaning and laundry products. It has strong presence in the U.K. with 67 stores nationwide.
LN Marketing Pty Ltd. (Hot Devil)
LN Marketing Pty Ltd. is an Australian company specialized in manufacturing propane and butane gas cylinders, gas and oxygen cylinders, as well as electric soldering and iron range. Brands under the company includes Hot Devil, Naleon, and Walltech. Sydney Tools, United Tools, Toolmart, Trade Tools, Autobarn, and Webster BSC etc. are some of the independent retailers where Hot Devil products are available.
Other Prominent Players
Some of the other key players in the blow torch market includes Rekrow Industrial Inc., Fowkes Bros. (PTY) Ltd., Bullfinch Gas Equipment Ltd., and Magna Industries Inc.
Blow Torch – Dynamics
Rising concept of Do-It-Yourself (DIY) for residential usage proliferating the blow torch market
The concept of Do-It-Yourself (DIY) for residential usage of blow torches is proliferating in the western region, especially in North America and Europe. DIY concept for small construction in the residential segment is increasing, which is creating a new segment of compact blow torches in the market. This is anticipated to boost the demand for blow torches.
Increasing demand for blow torches in industrial application anticipated to boost the market
Exponential use of blow torches in industrial applications is anticipated to augment the demand for blow torches. For example, growth in the ship breaking industry worldwide where usage of blow torches is significant is expected to drive the growth of the blow torch market. Additionally, growth in construction and manufacturing industries worldwide is anticipated to spur the demand for blow torches.
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Blow Torch – Segmentation
On the basis of fuel type, the blow torch market can be divided into:
- Others (acetylene and MAPP gas etc.)
Based on end-user, the blow torch market can be segmented into:
In terms of mode of operation, the blow torch market can be classified into:
In terms of price range, the blow torch market can be classified into:
- Low (under US$ 50)
- Medium (between US$ 50 to US$ 100)
- High (above US$ 100)
Based on distribution channel, the blow torch market can be divided into:
- Company owned portals
- E-commerce sites
- Specialty Stores
- Other retail based stores
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.