Global Electric Soldering Iron Market Growth 2023-2029

Global Electric Soldering Iron Market Growth 2023-2029

The global Electric Soldering Iron market size is projected to grow from US$ 679.2 million in 2022 to US$ 939.9 million in 2029; it is expected to grow at a CAGR of 4.8% from 2023 to 2029.

Global key manufacturers of electric soldering iron include Weller, Hakko, Kurtz Ersa, JBC Tools, Metcal and Guangzhou Yihua, etc, with a total share about 60%.

Asia-Pacific holds the highest market share by region over 40%, followed by North America(25%) and Europe (20%).

Soldering stations, pencils and guns are three major types of the product, where top 1 segment is soldering station, with a share over 75%.

In terms of application, manufacturing makes up most, about 70%.

An electric soldering iron is a hand tool used to heat solder, usually from an electrical supply at high temperatures above the melting point of the metal alloy. This allows for the solder to flow between the workpieces needing to be joined.

This soldering tool is made up of an insulated handle and a heated pointed metal iron tip. Good soldering is influenced by how clean the tip of your soldering iron is. To maintain cleanliness, a user will hold the soldering iron and use a wet sponge to clean the soldering iron tip prior to soldering components or making soldered connections.

In addition to the soldering iron, solder suckers are an important part of the soldering setup. If excessive solder is applied, these small tools are used to remove the solder, leaving only that desired.

LPI (LP Information)' newest research report, the “Electric Soldering Iron Industry Forecast” looks at past sales and reviews total world Electric Soldering Iron sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Soldering Iron sales for 2023 through 2029. With Electric Soldering Iron sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Soldering Iron industry.

This Insight Report provides a comprehensive analysis of the global Electric Soldering Iron landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Soldering Iron portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Soldering Iron market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Soldering Iron and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Soldering Iron.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Soldering Iron market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Soldering Pencils
Soldering Guns
Soldering Stations

Segmentation by application
Manufacturing
Repairing

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Weller
Hakko
Kurtz Ersa
JBC Tools
Metcal
Guangzhou Yihua
Den-On Instruments
Prokit's Industries
Sorny Roong
Antex
Shenzhen Atten
Quick Intelligent
X-Tronic International
HSGM
RYOBI Tools
Proxxon

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Soldering Iron market?

What factors are driving Electric Soldering Iron market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Soldering Iron market opportunities vary by end market size?

How does Electric Soldering Iron break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.