Electric Brazing Machine Market

The article discusses the projected growth of the global electric brazing machine market from 2022 to 2030, with a forecasted increase in both volume and value. It highlights key statistics such as consumption trends, market volume, and value over the years. The article also emphasizes the leading countries in terms of consumption, production, imports, and exports, providing insights into the growth rates and trends in the electric brazing machine industry.

Market Forecast

Driven by rising demand for electric brazing machine worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.7% for the period from 2022 to 2030, which is projected to bring the market volume to 10M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +0.4% for the period from 2022 to 2030, which is projected to bring the market value to $3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Electric Brazing Or Soldering Machines And Apparatus

In 2022, consumption of electric brazing or soldering machines and apparatus increased by 26% to 8.9M units, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a mild contraction. Global consumption peaked at 10M units in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

The global electric brazing machine market revenue soared to $2.9B in 2022, surging by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a mild setback. Global consumption peaked at $3.4B in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (1.9M units), Cambodia (1.2M units) and China (835K units), together accounting for 44% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Cambodia (with a CAGR of +120.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Cambodia ($310M), Singapore ($203M) and Germany ($157M) appeared to be the countries with the highest levels of market value in 2022, together comprising 23% of the global market.

Cambodia, with a CAGR of +119.3%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of electric brazing machine per capita consumption in 2022 were Singapore (112 units per 1000 persons), Cambodia (68 units per 1000 persons) and the Dominican Republic (21 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Cambodia (with a CAGR of +116.9%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Electric Brazing Or Soldering Machines And Apparatus

For the third consecutive year, the global market recorded growth in production of electric brazing or soldering machines and apparatus, which increased by 19% to 4.1M units in 2022. The total output volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, production reached the peak volume and is likely to continue growth in the immediate term.

In value terms, electric brazing machine production expanded markedly to $954M in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 12% against the previous year. Over the period under review, global production attained the peak level in 2022 and is expected to retain growth in years to come.

Production By Country

The countries with the highest volumes of production in 2022 were Germany (1.4M units), China (1.3M units) and Taiwan (Chinese) (608K units), together comprising 81% of global production. Singapore, Japan, Italy and Canada lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +18.1%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Electric Brazing Or Soldering Machines And Apparatus

In 2022, overseas purchases of electric brazing or soldering machines and apparatus increased by 47% to 7.3M units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a slight reduction. The growth pace was the most rapid in 2018 when imports increased by 68%. Global imports peaked at 8.1M units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, electric brazing machine imports expanded significantly to $669M in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18%. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports By Country

In 2022, the United States (1.9M units), distantly followed by Cambodia (1,168K units) and India (751K units) represented the key importers of electric brazing or soldering machines and apparatus, together achieving 52% of total imports. Pakistan (244K units), Canada (240K units), the Dominican Republic (228K units), Malaysia (219K units), Singapore (218K units), the Netherlands (173K units), Chile (157K units), Spain (148K units), Germany (141K units) and Vietnam (128K units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +122.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest electric brazing machine importing markets worldwide were the United States ($92M), Vietnam ($49M) and India ($20M), with a combined 24% share of global imports. Germany, Malaysia, the Netherlands, Singapore, Canada, Spain, Cambodia, the Dominican Republic, Chile and Pakistan lagged somewhat behind, together accounting for a further 13%.

In terms of the main importing countries, Cambodia, with a CAGR of +38.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average electric brazing machine import price stood at $92 per unit in 2022, dropping by -26.4% against the previous year. Overall, the import price, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2015 an increase of 106%. Over the period under review, average import prices hit record highs at $141 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($381 per unit), while Cambodia ($3.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Electric Brazing Or Soldering Machines And Apparatus

In 2022, shipments abroad of electric brazing or soldering machines and apparatus increased by 87% to 2.5M units, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +105.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric brazing machine exports reached $627M in 2022. Overall, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

Germany was the major exporting country with an export of around 886K units, which amounted to 36% of total exports. China (455K units) held the second position in the ranking, followed by Canada (301K units), Taiwan (Chinese) (201K units) and Italy (126K units). All these countries together held near 44% share of total exports. Belgium (69K units), Malaysia (60K units), Japan (53K units), the Netherlands (50K units) and Singapore (38K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of +85.6%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($267M) remains the largest electric brazing machine supplier worldwide, comprising 43% of global exports. The second position in the ranking was taken by China ($74M), with a 12% share of global exports. It was followed by Japan, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to +6.9%. In the other countries, the average annual rates were as follows: China (+16.2% per year) and Japan (-4.7% per year).

Export Prices By Country

The average electric brazing machine export price stood at $253 per unit in 2022, falling by -43.8% against the previous year. Over the period under review, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $449 per unit in 2021, and then shrank notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($872 per unit), while Canada ($36 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform