According to a recent market study published by Growth Market Reports, titled, “Global Soldering Iron Market by type, by product type, by voltage range, by source, by end-user, by distribution channel and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 35,655.7 Million in 2022 and is anticipated to grow at a growth rate 2.8% by the year 2031.

A soldering iron is a handheld tool used to heat solder, a metal alloy composed of tin and lead, in order to join two metal surfaces together. The tool has a thermally insulated handle and a heated, pointed metal tip which is used for the soldering process. The purpose of soldering is to create a strong, electrically conductive connection between electronic components or to repair a broken circuit. The metal surfaces need to be cleaned to ensure good adhesion for joining and soldering purposes. Once cleaned, the soldering iron is heated and touched to the solder, melting it. The molten solder is then applied to the metal surfaces, where it flows and creates a bond between them as it cools and solidifies. Soldering irons are widely utilized in electronics assembly, repair, and DIY projects. Practical applications of soldering iron encompass a wide range of tasks, including attaching wires to printed circuit boards (PCBs), fixing broken electronic devices, and connecting electrical components in various equipment. It is an essential tool for engineers, technicians, and hobbyists working with electronics.

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The Global Soldering Iron Market has been fragmented based on type, product type, voltage range, source, end-user, distribution channel, and regions. Based on Type, the global Soldering Irons Market is segmented into Soldering Pencils and Soldering Guns. Based on Product Type, the global Soldering Irons market is segmented into Corded and Cordless. Based on Voltage Range, the global Soldering Irons Market is segmented into Upto 24 V, 24 V to 60 V, and 24 V to 60 V. Based on Source, the global Soldering Irons Market is segmented into Gas Powered Soldering Iron, Electrically Powered Soldering Iron, and Battery Powered Soldering Iron. Based on Age Group, the global Soldering Irons Market is segmented into Below 25 Year, 25 to 45 Year, and More Than 45 Year. Based on End-user, the global Soldering Irons Market is segmented into Electronics Industry, Automotive Industry, Aerospace and Defense Industry, Jewelry, Medical Device Manufacturing, Plumbing Industry, and Art & Craft Industry. Based on distribution channel, the global Soldering Irons market is segmented into online and offline.

The Global Soldering Iron Market was slightly impacted by the covid-19, owing to the disruption in the supply chain and limitations in the cross broader transaction. However, the use of Soldering Irons is likely to rise in hospitality sectors in the near future.

As per growth market reports industry analyst XX, “Electronics industry plays an important role in the soldering iron market. It has a significant impact on the demand for, distribution of soldering irons affecting both users and manufacturers”.

Key Takeaways from the Study:

  • Key players operating in the market are Antex (Electronics) Limited, EXSO, Hakko, JBC Soldering S.L., Kurtz Holding GmbH, Shenzhen Atten Technology Co., Ltd., Stannol GmbH & Co KG, Taiyo Electric Ind. Co., Ltd. (Goot), Vimla Engineering (Soldron), Weller (Apex Brands, Inc.) and Xytronic USA. These companies are considered as key manufacturers of Soldering Irons based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.

  • Based on Type, the global Soldering Iron Market is segmented into Soldering Pencils and Soldering Guns. The Soldering Pencils segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. A soldering pencil is a hand-held tool commonly used in the electrical work. It is developed for the accurate and controlled application of heat to melt solder, which is used to connect or repair electronic components.

  • Based on Product Type, the Global Soldering Iron Market is segmented into corded and cordless. The corded segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. The ability to control temperature specifically and maintain a constant heat output is made possible, due to the direct connection to a power outlet, which guarantees a steady flow of electricity.

  • Based on Voltage Range, the Global Soldering Iron Market is segmented into up to 24 V, 24 V to 60 V, and more than 60 V. The up to 24 V segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. Up to 24 V voltage range allows soldering irons to be used for electronic assembly, repair, and soldering tasks across different industries and sectors. It accommodates the soldering needs of both professionals and hobbyists.

  • Based on Voltage Range, the Global Soldering Iron Market is segmented into up to 24 V, 24 V to 60 V, and more than 60 V. The up to 24 V segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. Up to 24 V voltage range allows soldering irons to be used for electronic assembly, repair, and soldering tasks across different industries and sectors. It accommodates the soldering needs of both professionals and hobbyists.

  • Based on end-user, the Global Soldering Iron Market is segmented into the electronics industry, automotive industry, aerospace and defense industry, jewelry, and others. The electronics industry held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. The electronics industry is expected to grow rapidly, due to the rise of consumer electronics, automotive electronics, telecommunications equipment, and IoT devices. This boosts the demand for soldering irons. Furthermore, demand for soldering irons for assembly and soldering processes is increasing, as electronic manufacturers expand their production capacities and introduce various products.

  • Based on Distribution Channel, the Global Soldering Iron Market is segmented into online and offline. The electronics industry held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. Online distribution channels offer a wide range of soldering irons as compared to retail stores. Customers select from a variety of brands, price points, and models to find the soldering iron that suits their specific needs and budgetary limitations. This extensive product selection has attracted customers to online platforms.

  • On the basis of region, the Global Soldering Iron Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & and Africa (MEA). In Asia Pacific, the market is projected to expand at a CAGR of XX% between 2022 and 2031. In Asia Pacific, particularly countries such as China, Japan, and South Korea, is a major hub for electronics manufacturing. Demand for soldering irons is increasing in the region, as they are essential tools for assembling and repairing electronic components. The market in Asia Pacific is anticipated to expand at a CAGR of XX% between 2023 and 2031.

Report Scope:

Report Metric

Details

Market Value in 2022

US$ 35,655.7 Million

Market Growth Rate (from 2016 to 2031)

2.8%

Historical Data

2016 to 2021

Base Year

2022

Forecast Period

2023 - 2031

Units Considered

Value (US$ Million)

Market Segments

By Type, By Product Type, By Voltage Range, By Source, By End-User, By Distribution Channel and By region

Key Companies Profiled

Antex (Electronics) Limited, EXSO, Hakko, JBC Soldering S.L., Kurtz Holding GmbH, Shenzhen Atten Technology Co., Ltd., Stannol GmbH & Co KG, Taiyo Electric Ind. Co., Ltd. (Goot), Vimla Engineering (Soldron), Weller (Apex Brands, Inc.) and Xytronic USA

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer, distributors, wholesaler, and Supplier.

  • Demand Side: Electronics Industry, Automotive Industry, Aerospace and Defense Industry, and  Medical Device Manufacturing.