Flaring Tool Market Strategies and Share 2031
Flaring tools is an adaptive instrument used for pipe fitting in various application such as residential, commercial, as well as industrial. The necessity of the flaring tool in the maintenance tasks is the key factor driving the growth of the flaring tools market. Moreover, continuous innovation in flaring tools such as more compact than previous tools, and this invention provides easier and quicker set up an operation, thus influencing the growth of the flaring tool market.
MARKET DYNAMICS
Growing demand for replacement of damaged pipes and leakage pipe in the oil and gas, petrochemical industries are fueling the growth of the flaring tool market. This precision tool provides uniform smooth, flares with minimum effort also increasing the use of this tool in the HVAC application is accelerates the flaring tool market growth. Moreover, increasing demand for the flaring tools in the automotive and construction industry is expected to propel the growth of the flaring tool market during the forecast period.
MARKET SCOPE
The "Global Flaring Tool Market Analysis to 2031" is a specialized and in-depth study of the Flaring tool industry with a special focus on the global market trend analysis. The report aims to provide an overview flaring tool market with detailed market segmentation by type, application, and geography. The global flaring tool market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Flaring tool market players and offers key trends and opportunities in the flaring tool market.
MARKET SEGMENTATION
The global flaring tool market is segmented on the basis of type, application. On the basis of type the market is segmented as hammer type flaring tool, heavy duty flaring tool, double flaring tool, single flaring tool, others. On the basis of application the market is segmented as residential, commercial, industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global flaring tool market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The flaring tool market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting flaring tool market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the flaring tool market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global flaring tool market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The flaring tool market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting flaring tool market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the flaring tool market in these regions.
MARKET PLAYERS
The reports cover key developments in the flaring tool market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Flaring tool market are anticipated to lucrative growth opportunities in the future with the rising demand for flaring tool in the global market. Below mentioned is the list of few companies engaged in the flaring tool market.
The report also includes the profiles of key flaring tool companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- CPS Products Inc.
- Emerson Electric Co.
- Entegris, Inc.
- Hilmor
- Malco Products
- Mastercool Inc.
- MAXCLAW Tools Co., Ltd.
- Parker-Hannifin Corporation
- Super Tool Co Ltd.
- Uniweld Products, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Flaring Tool Market - By Type
1.3.2 Flaring Tool Market - By Application
1.3.3 Flaring Tool Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FLARING TOOL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. FLARING TOOL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FLARING TOOL MARKET - GLOBAL MARKET ANALYSIS
6.1. FLARING TOOL - GLOBAL MARKET OVERVIEW
6.2. FLARING TOOL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLARING TOOL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HAMMER TYPE FLARING TOOL
7.3.1. Overview
7.3.2. Hammer Type Flaring Tool Market Forecast and Analysis
7.4. HEAVY DUTY FLARING TOOL
7.4.1. Overview
7.4.2. Heavy Duty Flaring Tool Market Forecast and Analysis
7.5. DOUBLE FLARING TOOL
7.5.1. Overview
7.5.2. Double Flaring Tool Market Forecast and Analysis
7.6. SINGLE FLARING TOOL
7.6.1. Overview
7.6.2. Single Flaring Tool Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. FLARING TOOL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
9. FLARING TOOL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Flaring Tool Market Overview
9.1.2 North America Flaring Tool Market Forecasts and Analysis
9.1.3 North America Flaring Tool Market Forecasts and Analysis - By Type
9.1.4 North America Flaring Tool Market Forecasts and Analysis - By Application
9.1.5 North America Flaring Tool Market Forecasts and Analysis - By Countries
9.1.5.1 United States Flaring Tool Market
9.1.5.1.1 United States Flaring Tool Market by Type
9.1.5.1.2 United States Flaring Tool Market by Application
9.1.5.2 Canada Flaring Tool Market
9.1.5.2.1 Canada Flaring Tool Market by Type
9.1.5.2.2 Canada Flaring Tool Market by Application
9.1.5.3 Mexico Flaring Tool Market
9.1.5.3.1 Mexico Flaring Tool Market by Type
9.1.5.3.2 Mexico Flaring Tool Market by Application
9.2. EUROPE
9.2.1 Europe Flaring Tool Market Overview
9.2.2 Europe Flaring Tool Market Forecasts and Analysis
9.2.3 Europe Flaring Tool Market Forecasts and Analysis - By Type
9.2.4 Europe Flaring Tool Market Forecasts and Analysis - By Application
9.2.5 Europe Flaring Tool Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Flaring Tool Market
9.2.5.1.1 Germany Flaring Tool Market by Type
9.2.5.1.2 Germany Flaring Tool Market by Application
9.2.5.2 France Flaring Tool Market
9.2.5.2.1 France Flaring Tool Market by Type
9.2.5.2.2 France Flaring Tool Market by Application
9.2.5.3 Italy Flaring Tool Market
9.2.5.3.1 Italy Flaring Tool Market by Type
9.2.5.3.2 Italy Flaring Tool Market by Application
9.2.5.4 United Kingdom Flaring Tool Market
9.2.5.4.1 United Kingdom Flaring Tool Market by Type
9.2.5.4.2 United Kingdom Flaring Tool Market by Application
9.2.5.5 Russia Flaring Tool Market
9.2.5.5.1 Russia Flaring Tool Market by Type
9.2.5.5.2 Russia Flaring Tool Market by Application
9.2.5.6 Rest of Europe Flaring Tool Market
9.2.5.6.1 Rest of Europe Flaring Tool Market by Type
9.2.5.6.2 Rest of Europe Flaring Tool Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Flaring Tool Market Overview
9.3.2 Asia-Pacific Flaring Tool Market Forecasts and Analysis
9.3.3 Asia-Pacific Flaring Tool Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Flaring Tool Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Flaring Tool Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Flaring Tool Market
9.3.5.1.1 Australia Flaring Tool Market by Type
9.3.5.1.2 Australia Flaring Tool Market by Application
9.3.5.2 China Flaring Tool Market
9.3.5.2.1 China Flaring Tool Market by Type
9.3.5.2.2 China Flaring Tool Market by Application
9.3.5.3 India Flaring Tool Market
9.3.5.3.1 India Flaring Tool Market by Type
9.3.5.3.2 India Flaring Tool Market by Application
9.3.5.4 Japan Flaring Tool Market
9.3.5.4.1 Japan Flaring Tool Market by Type
9.3.5.4.2 Japan Flaring Tool Market by Application
9.3.5.5 South Korea Flaring Tool Market
9.3.5.5.1 South Korea Flaring Tool Market by Type
9.3.5.5.2 South Korea Flaring Tool Market by Application
9.3.5.6 Rest of Asia-Pacific Flaring Tool Market
9.3.5.6.1 Rest of Asia-Pacific Flaring Tool Market by Type
9.3.5.6.2 Rest of Asia-Pacific Flaring Tool Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Flaring Tool Market Overview
9.4.2 Middle East and Africa Flaring Tool Market Forecasts and Analysis
9.4.3 Middle East and Africa Flaring Tool Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Flaring Tool Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Flaring Tool Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Flaring Tool Market
9.4.5.1.1 South Africa Flaring Tool Market by Type
9.4.5.1.2 South Africa Flaring Tool Market by Application
9.4.5.2 Saudi Arabia Flaring Tool Market
9.4.5.2.1 Saudi Arabia Flaring Tool Market by Type
9.4.5.2.2 Saudi Arabia Flaring Tool Market by Application
9.4.5.3 U.A.E Flaring Tool Market
9.4.5.3.1 U.A.E Flaring Tool Market by Type
9.4.5.3.2 U.A.E Flaring Tool Market by Application
9.4.5.4 Rest of Middle East and Africa Flaring Tool Market
9.4.5.4.1 Rest of Middle East and Africa Flaring Tool Market by Type
9.4.5.4.2 Rest of Middle East and Africa Flaring Tool Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Flaring Tool Market Overview
9.5.2 South and Central America Flaring Tool Market Forecasts and Analysis
9.5.3 South and Central America Flaring Tool Market Forecasts and Analysis - By Type
9.5.4 South and Central America Flaring Tool Market Forecasts and Analysis - By Application
9.5.5 South and Central America Flaring Tool Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Flaring Tool Market
9.5.5.1.1 Brazil Flaring Tool Market by Type
9.5.5.1.2 Brazil Flaring Tool Market by Application
9.5.5.2 Argentina Flaring Tool Market
9.5.5.2.1 Argentina Flaring Tool Market by Type
9.5.5.2.2 Argentina Flaring Tool Market by Application
9.5.5.3 Rest of South and Central America Flaring Tool Market
9.5.5.3.1 Rest of South and Central America Flaring Tool Market by Type
9.5.5.3.2 Rest of South and Central America Flaring Tool Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FLARING TOOL MARKET, KEY COMPANY PROFILES
11.1. CPS PRODUCTS INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EMERSON ELECTRIC CO.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ENTEGRIS, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HILMOR
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MALCO PRODUCTS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MASTERCOOL INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MAXCLAW TOOLS CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PARKER-HANNIFIN CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUPER TOOL CO LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. UNIWELD PRODUCTS, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. CPS Products Inc.
2. Emerson Electric Co.
3. Entegris, Inc.
4. Hilmor
5. Malco Products
6. Mastercool Inc.
7. MAXCLAW Tools Co., Ltd.
8. Parker-Hannifin Corporation
9. Super Tool Co Ltd.
10. Uniweld Products, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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