Heat Guns Market In-depth Analysis and Forecast Research Report, 2028
The factors that are playing a major role in the growth of the market are rising demand for painting in commercial and residential sector and high demand for soldering pipes in commercial and residential buildings.
(firmenpresse) - Global heat guns market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Heat guns are power devices that are used to emit a stream of hot air, mainly at temperatures between 100 °C and 550 °C (200-1000 °F). It is exclusively used in engineering, physics, chemistry, materials science, and other workshops and laboratories.
The factors that are playing a major role in the growth of the market are rising demand for painting in commercial and residential sector and high demand for soldering pipes in commercial and residential buildings. However, presence of substitutes may restrain overall market growth in the years to come. Heat guns market is segmented based on type, application, and region.
Dual temperature heat gun and variable temperature heat gun are the types that are explored in the market. Variable temperature heat gun accounted for the substantial share of heat gun market and is estimated to lead in the years to come. The reason could be its temperature can be varied over a range. Whereas, dual temperature heat guns may be set at two different temperatures, and it cannot vary over a fixed range.
The heat gun market is categorized based on applications like industrial, domestic, commercial, and others. Commercial sector accounted for the substantial share of the market and is estimated to continue with its dominance in the years to come. Also, industrial and domestic sectors are estimated to grow at the fastest pace in the years to come.
Globally, North America accounted for the substantial share of heat guns market and is estimated to lead overall market in the years to come. The reason behind overall market growth could be the high demand from end-users and presence of key manufacturers in the region. The United States and Canada are major consumers of heat guns in this region. The reason could be rising use of enhanced technology.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are major consumers of heat guns in this region.
The key players of heat guns market are TestEquity, Robert Bosch GmbH, JENSEN Tools & Supply, Black & Decker Corporation, Wagner SprayTech Corporation, Steinel America Inc., Dewalt, Hitachi Koki Co., Ltd., Milwaukee Tool, and Makita Corporation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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Datum: 26.05.2020 - 11:46 Uhr
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Date of sending: 26.05.2020
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