Hand Soldering Market Report

Market Insights

The Hand Soldering market is projected to grow from USD 351.3 million in 2020 to USD 420.4 million by 2026 at a CAGR of around 3.1% during the forecast period.

Figure: Hand Soldering Market Size, 2020-2026 (USD Million)

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What is hand soldering?

Hand soldering is the most commonly used method in electronic engineering. It can be defined as an operation that can be done by hand particularly in the case of a printed circuit board (PCB) network. Hand soldering can be categorized as soldering equipment and consumables.

Key Players

Key players operating in the Hand Soldering market are-

• CT BRAND (US)
• Hakko Corporation (Japan)
• Hexacon Electric Co (US)
• Weller (US)
• Kurtz Holding GmbH & Co. Beteiligungs KG (Germany)
• PACE Worldwide (US)
• Metcal (US)
• Nanjing Huaxia Tiancheng Construction Co Ltd (China)
• ATTEN (France)
• Esico-Triton International (US)
• JBC Soldering S.L (Spain)
• UNIX (South Korea).

Market Dynamics

The growth of the hand soldering market is primarily driven by the increasing use of hand soldering in applications including electronics, semiconductors, and construction. The growing electrical & electronics industry with increasing demand for electronics across geographies is likely to propel the market growth at a significant rate during the review period. In addition to this, rising demand for advanced hand soldering is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segments' Analysis

Application Trends

By application, the hand soldering market has been bifurcated into the electronics industry, semiconductor, repairing, and construction. Under these, the electronics segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. This can be attributed to the increasing demand for consumer electronics across geographies.

Regional Trends

By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the established presence of the semiconductor industry and the presence of key market players such as CT BRAND (US) and Hexacon Electric Co (US). The market growth in the Asia-Pacific region is expected to be driven by increasing demand for consumer electronics in developing countries such as India and China.

COVID-19 Impact on Hand Soldering Market

The covid-19 outbreak posed significant challenges on the various verticals across geographies. It impacted the growth of the hand soldering market negatively for a short period as the imposition of complete lockdown and restrictions on trade affected the product supply for a short period.

Critical Questions Answered in the Report

• What are the key trends in the Hand Soldering market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Hand Soldering market?
• What are the key strategies adopted by the major vendors to lead in the Hand Soldering market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the hand soldering market hopes to have the greatest opportunity to convert-

• Hand soldering distributors
• Hand soldering suppliers
• Hand soldering manufacturers
• Logistics organizations
• Government bodies

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