Flaring Tool Market Trends and Forecast (2021-2031)
The Flaring Tool Market is expected to register a CAGR of 4.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Double flaring tool, Hammer type flaring tool, Degree flaring tool, Single flare tool, Combination flaring tool, Hydraulic In-line flaring tool, Pipe flaring tool, In-line); Tool Size (1/8 inch, 1/4 inch, 3/8 inch, 3/16 inch, 5/16 inch, 1/2 inch, 3/4 inch); Application (Commercial, Residential, Industrial); Distribution Channel (Indirect sales, Direct sales); Industry (Chemical, Mining, Oil and Gas, Construction, Automotive, Aerospace and defense, Consumer goods, Electronics, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Flaring Tool Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Flaring Tool Market Segmentation
Product- Double flaring tool
- Hammer type flaring tool
- Degree flaring tool
- Single flare tool
- Combination flaring tool
- Hydraulic In-line flaring tool
- Pipe flaring tool
- In-line
- 1/8 inch
- 1/4 inch
- 3/8 inch
- 3/16 inch
- 5/16 inch
- 1/2 inch
- 3/4 inch
- Commercial
- Residential
- Industrial
- Indirect sales
- Direct sales
- Indirect sales
- Direct sales
Strategic Insights
Flaring Tool Market Growth Drivers- Growing Development in HVAC and Plumbing Industries: The flaring tool is fundamental in making the connection to a safe secure seal across a wide application base that ranges from the HVAC applications and plumbing among others. These industries grow because of new construction or renovation; thus, the requirement for flaring tools is rising significantly.
Automotive and Aerospace Industries: Automotive and aerospace segments are famous for flaring fuel and hydraulic lines using reasonably accurate and reliable flaring tools. This sector's rise in technological advancements and productions is anticipated to increase the demand for quality flaring tools.
- Technological Advancement: The opportunity for tool manufacturers lies in innovations about the design of flaring tools, like automated more efficient tools. This should increase productivity and lower the labor cost. Therefore, it will appeal to more industries.Expansion into the Emerging Markets: There is a growing need for reliable plumbing and HVAC systems as developing countries continue to industrialize. This is an opportunity for companies that manufacture flaring tools to expand their market presence in these regions, their primary focus being increased demand for quality tools.
- Product Innovation: Ergonomic designs always trend toward flaring that minimizes the fatigue of users and maximizes efficiency. Direct recognition of workplace safety that creates a need for user-friendly tools influences this ergonomic trend..Sustainability and Environment-Friendly Practices: Globally, there has been a trend where most the manufacturers are focusing on generating productive tools that are very environmentally friendly, which is anticipated to drive the growth of the market over the forecast period.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Flaring Tool Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Flaring Tool Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- 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
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to country scope.
Frequently Asked Questions
The Flaring Tool Market is estimated to witness a CAGR of 4.1% from 2023 to 2031
The major factors driving the Flaring Tool Market is Growing Development in HVAC and Plumbing Industries and Automotive and Aerospace Industries
Product Innovation and Sustainability and Environment-Friendly Practices is the key future trend of the Flaring Tool Market
The leading players operating in the Flaring Tool Market include Acme Tools, Emerson Electric Tool Co., MAXCLAW Tools Co. Ltd., Malco Products, Super Tools Co. Ltd., Entegris, Hilmor, ROMAC Industries, Inc., Fastenal Co., Ferguson Enterprises LL
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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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