Heat Gun Market Demand And Analysis Of Key Players – Research Forecasts To 2022-2031

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Shibuya Data Count

Apr 27, 2022, 05:48 EST

Shibuya-ku, Tokyo, Japan, Japan, Apr 27, 2022, 05:48 /Comserve / -- The global heat gun market is expected to grow at a CAGR of over 5% during the forecast period 2022-2031.

Increasing industrialization across the world and the growing application of power tools in households and commercial segments are primarily driving the global heat gun market. The industry is highly competitive with low concentration. However, the average price of these devices has been declining due to maturing technology and decreasing raw material prices. Vendors in the global heat gun market are introducing innovative features to increase product differentiation. Heat gun devices are increasingly finding applications in the medical-surgical sector. They can be used for sanitizing medical equipment. Hence, the growth of the prosthetics and orthotics industry is expected to boost the demand for this equipment. Increasing incidences of road accidents, sports injuries, and the growing prevalence of osteosarcoma are likely to increase ortho surgeries, which, in turn, are expected to generate revenue opportunities for the heat gun market.

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The following factors are likely to contribute to the growth of the heat gun market during the forecast period:

• High Demand for Industrial Heat Guns
• Demand for Eco-friendly Paint Removal Methods
• Growth in the DIY culture
• Product Innovations

The study considers the present scenario of the global heat gun market and its market dynamics for the period 2018−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

Heat Gun Market: Segmentation

This research report includes detailed segmentation by product type, application, power type, and geography.

The dominance of dual temperature equipment is high due to low price and high durability. The popularity of the DIY culture is a dominant driver for high market shares in the North American region. However, the trend is picking up in developing countries such as, China, India, the UAE, and Saudi Arabia, which is likely to drive the demand for such tools among consumers. The presence of highly diversified small-scale industries and businesses in the APAC region is primarily driving the market in APAC. The global variable temperature segment dominates the market, generating approximately 50% of the revenue in 2018.

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The electric-powered equipment is the most commonly used for industrial and household purposes. However, with the growing need to reduce carbon emissions, manufacturers prefer battery-powered models instead of fuel-powered engines. Battery-powered equipment is also more advantageous over electric equipment as they do not need cable trails, allowing the machine to be moved freely. Manufacturers are using lithium-ion batteries as they can last up to 3–5 years depending on the usage. They are also lightweight. Although cordless or battery-powered equipment forms a comparatively small segment, the demand is expected to rise due to the increasing application in households. The share of gas-powered ones is however, likely to decline by 2024. The growing environmental concerns and the increasing natural gas price result in the declining sale of gas-powered equipment, which is expected to be substituted by powerful electric and battery-powered machines.

One of the primary advantages of heat gun devices in the residential sector is safety as these tools are flameless. Moreover, the aging population and changing demographics have resulted in high demand for household tools and equipment. Hence, the growing number of households is expected to drive the demand for these devices for repairs and renovations. The predominance of DIY culture among American families is mainly supporting the demand for this equipment. They are used for several repairs and maintenance works such as paint removal, renovations, and refurbishing of furniture and other crafty works.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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