Summary

The arc welding torch market size is projected to grow from USD 2.7 billion in 2024 and is projected to reach USD 3.5 Billion by 2029, at a CAGR of 4.7%. The global arc welding torch market has experienced significant growth, fueled by several factors, including the promising expansion of the steel industry. The increasing demand for steel, driven by growth in automotive, construction, and power generation industries, has directly contributed to the market's expansion. Arc welding, being a critical process in steel manufacturing and fabrication, has witnessed heightened demand for high-quality welding torches. These torches are essential for ensuring efficient and precise welding, meeting the stringent requirements of industries reliant on steel products. As a result, the global arc welding torch market has flourished, with manufacturers innovating to meet the evolving needs of various industries, further propelling market growth.

“The air-cooled segment is projected to register the highest CAGR during the forecast period.”
Air-cooled torches are set to lead in CAGR due to their simplicity and cost-effectiveness, omitting the need for additional water-cooling systems. They offer enhanced mobility and maneuverability, making them ideal for diverse welding scenarios. Advancements in technology have narrowed the performance gap with water-cooled torches, making them a preferred choice for welders prioritizing ease of use without compromising quality. Conversely, water-cooled torches, though offering superior heat dissipation, entail higher upfront and operational costs and may be less practical in resource-constrained environments.

“ The Contact tip segment is expected to hold the 2nd largest market share during the forecast period.”
The contact tips segment is anticipated to secure the second-largest position during the forecast period due to several factors. Firstly, the growing adoption of welding processes across various industries, including automotive, construction, and manufacturing, is driving the demand for contact tips. Additionally, technological advancements in welding equipment, leading to enhanced efficiency and performance of contact tips, further contribute to their market growth. Moreover, the increasing focus on infrastructure development projects globally is fueling the demand for welding solutions, consequently boosting the sales of contact tips. These factors collectively contribute to the projected significant market share of the contact tips segment in the coming years.


“Asia Pacific projected as the fastest growing arc welding torch market during the forecast period.”
Asia Pacific is the largest and fastest-growing market for arc welding torches. In the last five years, end-use industries such as automotive, construction, and power generation in the Asia Pacific region have witnessed significant developments, owing to which the demand for arc welding torches has also increased substantially. China continues to drive the global demand, owing to the increasing population and rapidly growing infrastructural development.

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and the information gathered through secondary research.
The breakup of primary interviews is given below:
By Company Type - Tier 1 – 25%, Tier 2 – 42%, and Tier 3 – 33%
By Designation - C level – 20%, Director Level – 30%, and Others – 50%
By Region - North America – 24%, Europe – 24%, APAC – 44%, Middle East & Africa – 5%, and South America – 3%


Companies Covered: The Lincoln Electric Company (US), ESAB Corporation (US), Illinois Tool Works Inc. (US), Linde Plc (Ireland), Panasonic Corporation (Japan), Fronius International GmbH (Austria), ABICOR BINZEL (Germany), Kemppi Oy (Finland), Tokin Corporation (Japan), and Migatronic A/S (Denmark) and others are covered in the arc welding torch market.
Research Coverage
The market study covers the arc welding torch market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on cooling type, wear parts, end-use industry and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the arc welding torch market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall arc welding torch market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Promising growth in steel industry, Growing population and rapid rate of urbanization, Increasing demand from end-use industries in emerging economies), restraints (Safety concerns associated with welding), opportunities (Development of lightweight and portable torches) influencing the growth of the arc welding torch market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the arc welding torch market
• Market Development: Comprehensive information about lucrative markets – the report analyses the arc welding torch market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the arc welding torch market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like The Lincoln Electric Company (US), ESAB Corporation (US), Illinois Tool Works Inc. (US), Linde Plc (Ireland), Panasonic Corporation (Japan), Fronius International GmbH (Austria), ABICOR BINZEL (Germany), Kemppi Oy (Finland), Tokin Corporation (Japan), and Migatronic A/S (Denmark) are the top manufacturers covered in the arc welding torch market, and among others in the arc welding torch market. The report also helps stakeholders understand the pulse of the arc welding torch market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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Table of Contents

1 INTRODUCTION 37
1.1 STUDY OBJECTIVES 37
1.2 MARKET DEFINITION 37
1.2.1 INCLUSIONS & EXCLUSIONS 38
1.3 STUDY SCOPE 38
1.3.1 MARKET SEGMENTATION 38
1.3.2 REGIONS COVERED 39
1.3.3 YEARS CONSIDERED 39
1.4 CURRENCY CONSIDERED 40
1.5 UNITS CONSIDERED 40
1.6 LIMITATIONS 40
1.7 STAKEHOLDERS 40
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 1 ARC WELDING TORCH MARKET: RESEARCH DESIGN 41
2.1.1 SECONDARY DATA 42
2.1.1.1 Key data from secondary sources 42
2.1.2 PRIMARY DATA 43
2.1.2.1 Key data from primary sources 43
2.1.2.2 Key industry insights 44
2.1.2.3 Breakdown of primary interviews 44
2.2 MARKET SIZE ESTIMATION 44
FIGURE 2 MARKET SIZE ESTIMATION: ARC WELDING TORCH, BY VALUE 45
FIGURE 3 ARC WELDING TORCH MARKET, BY REGION 45
FIGURE 4 ARC WELDING TORCH MARKET: SUPPLY-SIDE ANALYSIS 46
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 46
FIGURE 6 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 47
2.3 DATA TRIANGULATION 48
FIGURE 7 ARC WELDING TORCH MARKET: DATA TRIANGULATION 48
2.3.1 RESEARCH ASSUMPTIONS 48
2.4 RESEARCH LIMITATIONS 49
2.4.1 RISK ASSESSMENT 49
TABLE 1 LIMITATIONS & ASSOCIATED RISKS 49
2.5 GROWTH RATE ASSUMPTIONS 49
2.6 IMPACT OF RECESSION 50

3 EXECUTIVE SUMMARY 51
FIGURE 8 ELECTRODES TO ACCOUNT FOR LARGEST SHARE OF OVERALL ARC WELDING TORCH MARKET 52
FIGURE 9 AIR-COOLED TORCHES TO DOMINATE ARC WELDING TORCH MARKET DURING FORECAST PERIOD 52
FIGURE 10 CONSTRUCTION SEGMENT TO BE FASTEST-GROWING END-USE INDUSTRY IN ARC WELDING TORCH MARKET 53
FIGURE 11 ASIA PACIFIC DOMINATED ARC WELDING TORCH MARKET IN 2023 54
4 PREMIUM INSIGHTS 55
4.1 OPPORTUNITIES FOR PLAYERS IN ARC WELDING TORCH MARKET 55
FIGURE 12 ASIA PACIFIC TO BE FASTEST-GROWING REGION IN ARC WELDING TORCH MARKET DURING FORECAST PERIOD 55
4.2 ARC WELDING TORCH MARKET GROWTH, BY WEAR PART 55
FIGURE 13 ELECTRODES SEGMENT TO LEAD ARC WELDING TORCH MARKET DURING FORECAST PERIOD 55
4.3 ARC WELDING TORCH MARKET, BY COOLING TYPE 56
FIGURE 14 AIR-COOLED TORCHES TO BE FASTEST-GROWING COOLING TYPE SEGMENT 56
4.4 ARC WELDING TORCH MARKET, BY END-USE INDUSTRY 56
FIGURE 15 CONSTRUCTION INDUSTRY TO BE LARGEST END-USE INDUSTRY SEGMENT OF OVERALL ARC WELDING TORCH MARKET DURING FORECAST PERIOD 56
4.5 ASIA PACIFIC: ARC WELDING TORCH MARKET, BY WEAR PART & COUNTRY 57
FIGURE 16 CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN ASIA PACIFIC 57
4.6 ARC WELDING TORCH MARKET: MAJOR COUNTRIES 57
FIGURE 17 CHINA TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 59
FIGURE 18 ARC WELDING TORCH MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 59
5.2.1 DRIVERS 59
5.2.1.1 Promising growth in steel industry 59
FIGURE 19 GLOBAL CRUDE STEEL DEMAND, 2022 VS. 2024 (MILLION TONS) 60
5.2.1.2 Growing population and rapid rate of urbanization 60
TABLE 2 WORLD POPULATION AND URBANIZATION, BY REGION, 2021 VS. 2050 (MILLION) 61
TABLE 3 POPULATION GROWTH, BY REGION, 2022 VS. 2030 VS. 2050 (MILLION) 61
5.2.1.3 Increasing demand from end-use industries in emerging economies 61
FIGURE 20 GLOBAL MOTOR VEHICLE PRODUCTION (MILLION UNITS) 62
5.2.1.4 Industrial development in Middle East & Africa 63
5.2.2 RESTRAINTS 63
5.2.2.1 Safety concerns associated with welding 63
5.2.2.2 High maintenance cost of arc welding torches 64
5.2.3 OPPORTUNITIES 64
5.2.3.1 Development of lightweight and portable torches 64
5.2.3.2 Development of wind energy infrastructure 65
FIGURE 21 GLOBAL NEW WIND CAPACITY INSTALLATION (GW) 65
5.2.4 CHALLENGES 66
5.2.4.1 Shortage of skilled welders 66
6 INDUSTRY TRENDS 67
6.1 TRENDS & DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 67
FIGURE 22 REVENUE SHIFT FOR ARC WELDING TORCH MANUFACTURERS 67
6.2 PRICING ANALYSIS 68
FIGURE 23 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY WEAR PART 68
6.2.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY WEAR PART 68
TABLE 4 AVERAGE SELLING PRICE OF WEAR PARTS, BY KEY PLAYER, 2023 (USD/UNIT) 68
6.2.2 AVERAGE SELLING PRICE RANGE OF ARC WELDING TORCHES, BY REGION, 2022–2029 69
FIGURE 24 AVERAGE SELLING PRICE TREND OF ARC WELDING TORCHES, BY REGION (USD/UNIT) 69
6.2.3 AVERAGE SELLING PRICE TREND OF ARC WELDING TORCHES, BY REGION 69
TABLE 5 AVERAGE SELLING PRICE, BY REGION, 2022–2029 (USD/UNIT) 69
6.3 VALUE CHAIN ANALYSIS 70
6.3.1 RAW MATERIAL SUPPLIERS 70
6.3.2 RESEARCH AND PRODUCT DEVELOPMENT 71
6.3.3 PRODUCTION PROCESS & ASSEMBLY 71
6.3.4 DISTRIBUTORS 71
6.3.5 END-USE INDUSTRIES 71
6.4 ECOSYSTEM ANALYSIS 71
FIGURE 25 ECOSYSTEM/MARKET MAPPING 72
TABLE 6 ECOSYSTEM OF ARC WELDING TORCH MARKET 72
6.5 TECHNOLOGY ANALYSIS 73
6.5.1 KEY TECHNOLOGIES 73
6.5.1.1 Fume extraction technology 73
6.5.1.2 Robotic torches 74
6.5.1.3 Micro welding technology 74
6.5.1.4 Connectivity and IoT 75
6.5.1.5 Artificial intelligence and machine learning 75
6.5.2 COMPLEMENTARY TECHNOLOGIES 75
6.5.2.1 Advanced materials 75
6.5.2.2 Innovations in welding safety gear 75
6.5.2.3 Power source technology 76
6.6 PATENT ANALYSIS 77
6.6.1 INTRODUCTION 77
6.6.2 METHODOLOGY 77
6.6.3 PATENT ANALYSIS (2014–2023) 77
FIGURE 26 LIST OF MAJOR PATENTS FOR ARC WELDING TORCH MARKET (2014–2023) 78
TABLE 7 LIST OF PATENTS FOR ARC WELDING TORCHES 78
6.7 TRADE ANALYSIS 80
FIGURE 27 EXPORT SCENARIO: HS CODE 851590, PARTS OF MACHINES AND APPARATUS FOR SOLDERING OR WELDING OR FOR HOT SPRAYING OF METALS, METAL CARBIDES, OR CERMETS, 2013–2022 (USD BILLION) 80
FIGURE 28 IMPORT SCENARIO: HS CODE 851590, PARTS OF MACHINES AND APPARATUS FOR SOLDERING OR WELDING OR FOR HOT SPRAYING OF METALS, METAL CARBIDES, OR CERMETS, 2013–2022 (USD BILLION) 81
6.8 KEY CONFERENCES & EVENTS, 2024–2025 81
TABLE 8 DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025 81
6.9 TARIFF & REGULATORY LANDSCAPE 83
6.9.1 TARIFFS AND REGULATIONS RELATED TO ARC WELDING TORCHES 83
TABLE 9 TARIFFS RELATED TO ARC WELDING TORCH MARKET 83
6.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
6.10 PORTER’S FIVE FORCES ANALYSIS 88
FIGURE 29 ARC WELDING TORCH MARKET: PORTER'S FIVE FORCES ANALYSIS 88
TABLE 13 ARC WELDING TORCH MARKET: PORTER’S FIVE FORCES ANALYSIS 88
6.10.1 THREAT OF NEW ENTRANTS 89
6.10.2 THREAT OF SUBSTITUTES 89
6.10.3 BARGAINING POWER OF SUPPLIERS 89
6.10.4 BARGAINING POWER OF BUYERS 89
6.10.5 INTENSITY OF COMPETITIVE RIVALRY 89
6.11 KEY STAKEHOLDERS & BUYING CRITERIA 90
6.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 90
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 90
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 90
6.11.2 BUYING CRITERIA 91
FIGURE 31 KEY BUYING CRITERIA FOR ARC WELDING TORCH MARKET 91
TABLE 15 KEY BUYING CRITERIA FOR ARC WELDING TORCH INDUSTRY 91
6.12 CASE STUDY ANALYSIS 92
6.12.1 CASE STUDY 1: REVOLUTIONIZING WELDING EFFICIENCY IN JAPAN 92
6.12.2 CASE STUDY 2: AUTOMATING SUBARC WELDING FOR CAST IRON PIPES 92
6.12.3 CASE STUDY 3: MULTI-PROCESS ROBOTIC WELDING OF LARGE CONSTRUCTION EQUIPMENT 93
6.12.4 CASE STUDY 4: ENHANCING WELDING SHOP AIR QUALITY AND SAFETY WITH ADVANCED EXTRACTION TECHNOLOGY 93
6.13 MACROECONOMIC ANALYSIS 94
6.13.1 INTRODUCTION 94
6.13.2 GDP TRENDS AND FORECASTS 94
TABLE 16 WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION) 95
6.13.3 CONSTRUCTION INDUSTRY AS PERCENTAGE OF GDP AND ITS IMPACT ON ARC WELDING TORCHES 95
TABLE 17 CONSTRUCTION AS PERCENTAGE OF GDP, BY KEY COUNTRY, 2021 96
6.13.4 GLOBAL AUTOMOBILE PRODUCTION AND GROWTH 97
TABLE 18 GLOBAL AUTOMOBILE PRODUCTION (UNIT) AND GROWTH, BY COUNTRY, 2021 VS. 2022 97
6.13.5 GLOBAL STEEL PRODUCTION (TOP 10 COUNTRIES) 98
FIGURE 32 TOP 10 STEEL PRODUCTION COUNTRIES, 2019–2023 98
6.13.6 GLOBAL STEEL CONSUMPTION (TOP 10 COUNTRIES) 99
FIGURE 33 TOP 10 STEEL CONSUMPTION COUNTRIES, 2022–2024 99
6.14 AUTOMOTIVE INDUSTRY INVESTMENT & FUNDING SCENARIO 99
FIGURE 34 INVESTOR DEALS & FUNDING IN AUTOMOTIVE SECTOR SOARED IN 2021 99
7 ARC WELDING TORCH MARKET, BY WEAR PART 101
7.1 INTRODUCTION 102
FIGURE 35 ELECTRODES SEGMENT TO DOMINATE ARC WELDING TORCH MARKET DURING FORECAST PERIOD 102
TABLE 19 ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 103
TABLE 20 ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 103
7.2 GAS NOZZLES 103
7.2.1 GROWING EMPHASIS ON DURABILITY AND PRECISION TO BOOST DEMAND FOR GAS NOZZLES 103
7.3 CONTACT TIPS 104
7.3.1 GROWING DEMAND FOR HIGH-QUALITY CONTACT TIPS TO FAVOR MARKET GROWTH 104
7.4 ELECTRODES 105
7.4.1 TECHNOLOGICAL ADVANCEMENTS IN ELECTRODE MANUFACTURING TO SUPPORT MARKET GROWTH 105
7.5 OTHER WEAR PARTS 105
8 ARC WELDING TORCH MARKET, BY COOLING TYPE 106
8.1 INTRODUCTION 107
FIGURE 36 AIR-COOLED TORCHES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 107
TABLE 21 ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 107
TABLE 22 ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 108
8.2 AIR-COOLED TORCHES 108
8.2.1 DIVERSE RANGE OF AIR-COOLED TORCHES TO DRIVE MARKET GROWTH 108
8.3 WATER-COOLED TORCHES 108
8.3.1 CONTINUOUS ADVANCEMENTS IN COOLING TECHNOLOGIES TO BOOST DEMAND 108
9 ARC WELDING TORCH MARKET, BY END-USE INDUSTRY 109
9.1 INTRODUCTION 110
FIGURE 37 CONSTRUCTION SEGMENT TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD 110
TABLE 23 ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 111
TABLE 24 ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 111
9.2 AUTOMOTIVE 111
9.2.1 EXPANSION OF AUTOMOTIVE PRODUCTION FACILITIES TO DRIVE MARKET 111
9.3 CONSTRUCTION 112
9.3.1 GLOBAL INFRASTRUCTURE DEVELOPMENT AND URBAN EXPANSION TO SUPPORT GROWTH 112
9.4 SHIPBUILDING 113
9.4.1 INNOVATIONS IN SHIPBUILDING INDUSTRY TO BOOST MARKET 113
9.5 POWER GENERATION 113
9.5.1 INCREASING USE OF ORBITAL WELDING IN CONSTRUCTION OF PIPELINES AND TUBING SYSTEMS TO FAVOR MARKET GROWTH 113
9.6 OTHER END-USE INDUSTRIES 113
10 ARC WELDING TORCH MARKET, BY REGION 114
10.1 INTRODUCTION 115
FIGURE 38 CHINA TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD 115
TABLE 25 ARC WELDING TORCH MARKET, BY REGION, 2022–2029 (USD MILLION) 116
TABLE 26 ARC WELDING TORCH MARKET, BY REGION, 2022–2029 (THOUSAND UNITS) 116
10.2 ASIA PACIFIC 116
10.2.1 ASIA PACIFIC: RECESSION IMPACT 117
FIGURE 39 ASIA PACIFIC: ARC WELDING TORCH MARKET SNAPSHOT 117
TABLE 27 ASIA PACIFIC: ARC WELDING TORCH MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 118
TABLE 28 ASIA PACIFIC: ARC WELDING TORCH MARKET, BY COUNTRY, 2022–2029 (THOUSAND UNITS) 118
TABLE 29 ASIA PACIFIC: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 118
TABLE 30 ASIA PACIFIC: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 119
TABLE 31 ASIA PACIFIC: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 119
TABLE 32 ASIA PACIFIC: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 119
TABLE 33 ASIA PACIFIC: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 120
TABLE 34 ASIA PACIFIC: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 120
10.2.2 CHINA 120
10.2.2.1 Growing government investment in urbanization and infrastructure projects to boost market growth 120
TABLE 35 CHINA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 121
TABLE 36 CHINA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 122
TABLE 37 CHINA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 122
TABLE 38 CHINA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 122
TABLE 39 CHINA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 123
TABLE 40 CHINA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 123
10.2.3 JAPAN 124
10.2.3.1 Wind energy expansion in country to fuel demand for arc welding torches 124
TABLE 41 JAPAN: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 124
TABLE 42 JAPAN: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 125
TABLE 43 JAPAN: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 125
TABLE 44 JAPAN: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 125
TABLE 45 JAPAN: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 126
TABLE 46 JAPAN: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 126
10.2.4 INDIA 126
10.2.4.1 Thriving automotive industry to support market growth 126
TABLE 47 INDIA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 127
TABLE 48 INDIA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 128
TABLE 49 INDIA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 128
TABLE 50 INDIA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 128
TABLE 51 INDIA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 129
TABLE 52 INDIA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 129

10.2.5 INDONESIA 129
10.2.5.1 Growing government focus on increasing wind power generation to drive market 129
TABLE 53 INDONESIA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 130
TABLE 54 INDONESIA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 131
TABLE 55 INDONESIA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 131
TABLE 56 INDONESIA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 131
TABLE 57 INDONESIA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 132
TABLE 58 INDONESIA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 132
10.2.6 REST OF ASIA PACIFIC 132
TABLE 59 REST OF ASIA PACIFIC: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 133
TABLE 60 REST OF ASIA PACIFIC: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 133
TABLE 61 REST OF ASIA PACIFIC: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 134
TABLE 62 REST OF ASIA PACIFIC: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 134
TABLE 63 REST OF ASIA PACIFIC: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 134
TABLE 64 REST OF ASIA PACIFIC: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 135
10.3 NORTH AMERICA 135
10.3.1 NORTH AMERICA: RECESSION IMPACT 135
FIGURE 40 NORTH AMERICA: ARC WELDING TORCH MARKET SNAPSHOT 136
TABLE 65 NORTH AMERICA: ARC WELDING TORCH MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 137
TABLE 66 NORTH AMERICA: ARC WELDING TORCH MARKET, BY COUNTRY, 2022–2029 (THOUSAND UNITS) 137
TABLE 67 NORTH AMERICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 137
TABLE 68 NORTH AMERICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 138
TABLE 69 NORTH AMERICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 138
TABLE 70 NORTH AMERICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 138
TABLE 71 NORTH AMERICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 139
TABLE 72 NORTH AMERICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 139

10.3.2 US 139
10.3.2.1 Growing demand for welding equipment by automobile sector to favor market growth 139
TABLE 73 US: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 140
TABLE 74 US: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 140
TABLE 75 US: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 140
TABLE 76 US: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 141
TABLE 77 US: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 141
TABLE 78 US: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 141
10.3.3 CANADA 142
10.3.3.1 Growing automotive sector to propel growth 142
TABLE 79 CANADA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 142
TABLE 80 CANADA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 143
TABLE 81 CANADA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 143
TABLE 82 CANADA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 143
TABLE 83 CANADA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 144
TABLE 84 CANADA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 144
10.3.4 MEXICO 144
10.3.4.1 Government initiatives for investments in power sector to fuel growth 144
TABLE 85 MEXICO: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 145
TABLE 86 MEXICO: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 145
TABLE 87 MEXICO: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 146
TABLE 88 MEXICO: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 146
TABLE 89 MEXICO: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 146
TABLE 90 MEXICO: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 147
10.4 EUROPE 147
TABLE 91 EUROPE: ARC WELDING TORCH MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 148
TABLE 92 EUROPE: ARC WELDING TORCH MARKET, BY COUNTRY, 2022–2029 (THOUSAND UNITS) 148
TABLE 93 EUROPE: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 148
TABLE 94 EUROPE: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 149
TABLE 95 EUROPE: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 149
TABLE 96 EUROPE: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 149
TABLE 97 EUROPE: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 150
TABLE 98 EUROPE: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 150
10.4.1 EUROPE: RECESSION IMPACT 151
10.4.2 GERMANY 151
10.4.2.1 Increased production of automobiles to drive demand for arc welding torches 151
TABLE 99 GERMANY: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 152
TABLE 100 GERMANY: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 152
TABLE 101 GERMANY: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 152
TABLE 102 GERMANY: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 153
TABLE 103 GERMANY: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 153
TABLE 104 GERMANY: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 153
10.4.3 FRANCE 154
10.4.3.1 Increasing demand for arc welding from various end-use industries to drive market 154
TABLE 105 FRANCE: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 154
TABLE 106 FRANCE: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 155
TABLE 107 FRANCE: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 155
TABLE 108 FRANCE: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 155
TABLE 109 FRANCE: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 156
TABLE 110 FRANCE: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 156
10.4.4 ITALY 156
10.4.4.1 Rising investments in construction industry to propel demand 156
TABLE 111 ITALY: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 157
TABLE 112 ITALY: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 157
TABLE 113 ITALY: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 158
TABLE 114 ITALY: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 158
TABLE 115 ITALY: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 158
TABLE 116 ITALY: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 159
10.4.5 UK 159
10.4.5.1 Growing offshore wind capacities to impact arc welding torch industry 159
TABLE 117 UK: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 160
TABLE 118 UK: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 160
TABLE 119 UK: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 161
TABLE 120 UK: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 161
TABLE 121 UK: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 161
TABLE 122 UK: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 162
10.4.6 SPAIN 162
10.4.6.1 Government investment in infrastructure and automotive industries to drive growth 162
TABLE 123 SPAIN: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 163
TABLE 124 SPAIN: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 163
TABLE 125 SPAIN: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 163
TABLE 126 SPAIN: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 164
TABLE 127 SPAIN: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 164
TABLE 128 SPAIN: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 164
10.4.7 REST OF EUROPE 165
TABLE 129 REST OF EUROPE: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 165
TABLE 130 REST OF EUROPE: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 165
TABLE 131 REST OF EUROPE: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 166
TABLE 132 REST OF EUROPE: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 166
TABLE 133 REST OF EUROPE: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 166
TABLE 134 REST OF EUROPE: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 167
10.5 MIDDLE EAST & AFRICA 167
10.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT 168
TABLE 135 MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 168
TABLE 136 MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY COUNTRY, 2022–2029 (THOUSAND UNITS) 169
TABLE 137 MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 169
TABLE 138 MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 169
TABLE 139 MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 170
TABLE 140 MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 170
TABLE 141 MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 170
TABLE 142 MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 171
10.5.2 GCC COUNTRIES 171
TABLE 143 GCC COUNTRIES: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 171
TABLE 144 GCC COUNTRIES: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 172
TABLE 145 GCC COUNTRIES: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 172
TABLE 146 GCC COUNTRIES: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 172
TABLE 147 GCC COUNTRIES: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 173
TABLE 148 GCC COUNTRIES: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 173
10.5.2.1 Saudi Arabia 173
10.5.2.1.1 Saudi Vision 2030 to play pivotal role in driving market growth 173
TABLE 149 SAUDI ARABIA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 174
TABLE 150 SAUDI ARABIA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 174
TABLE 151 SAUDI ARABIA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 175
TABLE 152 SAUDI ARABIA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 175
TABLE 153 SAUDI ARABIA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 175
TABLE 154 SAUDI ARABIA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 176

10.5.2.2 UAE 176
10.5.2.2.1 Smart and sustainable mobility to drive market 176
TABLE 155 UAE: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 177
TABLE 156 UAE: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 177
TABLE 157 UAE: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 177
TABLE 158 UAE: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 178
TABLE 159 UAE: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 178
TABLE 160 UAE: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 178
10.5.2.3 Rest of GCC countries 179
TABLE 161 REST OF GCC COUNTRIES: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 179
TABLE 162 REST OF GCC COUNTRIES: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 179
TABLE 163 REST OF GCC COUNTRIES: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 180
TABLE 164 REST OF GCC COUNTRIES: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 180
TABLE 165 REST OF GCC COUNTRIES: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 180
TABLE 166 REST OF GCC COUNTRIES: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 181
10.5.3 SOUTH AFRICA 181
10.5.3.1 Infrastructural development to favor market growth 181
TABLE 167 SOUTH AFRICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 182
TABLE 168 SOUTH AFRICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 182
TABLE 169 SOUTH AFRICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 182
TABLE 170 SOUTH AFRICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 183
TABLE 171 SOUTH AFRICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 183
TABLE 172 SOUTH AFRICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 183
10.5.4 REST OF MIDDLE EAST & AFRICA 184
TABLE 173 REST OF MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 184
TABLE 174 REST OF MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 184
TABLE 175 REST OF MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 185
TABLE 176 REST OF MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 185
TABLE 177 REST OF MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 185
TABLE 178 REST OF MIDDLE EAST & AFRICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 186
10.6 SOUTH AMERICA 186
10.6.1 SOUTH AMERICA: RECESSION IMPACT 186
TABLE 179 SOUTH AMERICA: ARC WELDING TORCH MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 187
TABLE 180 SOUTH AMERICA: ARC WELDING TORCH MARKET, BY COUNTRY, 2022–2029 (THOUSAND UNITS) 187
TABLE 181 SOUTH AMERICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 187
TABLE 182 SOUTH AMERICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 188
TABLE 183 SOUTH AMERICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 188
TABLE 184 SOUTH AMERICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 188
TABLE 185 SOUTH AMERICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 189
TABLE 186 SOUTH AMERICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 189
10.6.2 BRAZIL 189
10.6.2.1 Booming construction industry to drive market 189
TABLE 187 BRAZIL: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 190
TABLE 188 BRAZIL: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 190
TABLE 189 BRAZIL: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 190
TABLE 190 BRAZIL: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 191
TABLE 191 BRAZIL: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 191
TABLE 192 BRAZIL: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 191
10.6.3 ARGENTINA 192
10.6.3.1 Growth of automotive industry to drive market 192
TABLE 193 ARGENTINA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 192
TABLE 194 ARGENTINA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 192
TABLE 195 ARGENTINA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 193
TABLE 196 ARGENTINA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 193
TABLE 197 ARGENTINA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 193
TABLE 198 ARGENTINA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 194
10.6.4 REST OF SOUTH AMERICA 194
TABLE 199 REST OF SOUTH AMERICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (USD MILLION) 194
TABLE 200 REST OF SOUTH AMERICA: ARC WELDING TORCH MARKET, BY WEAR PART, 2022–2029 (THOUSAND UNITS) 195
TABLE 201 REST OF SOUTH AMERICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (USD MILLION) 195
TABLE 202 REST OF SOUTH AMERICA: ARC WELDING TORCH MARKET, BY COOLING TYPE, 2022–2029 (THOUSAND UNITS) 195
TABLE 203 REST OF SOUTH AMERICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 196
TABLE 204 REST OF SOUTH AMERICA: ARC WELDING TORCH MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND UNITS) 196
11 COMPETITIVE LANDSCAPE 197
11.1 OVERVIEW 197
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 197
TABLE 205 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN ARC WELDING TORCH MARKET 197
11.3 MARKET SHARE ANALYSIS (2023) 200
FIGURE 41 MARKET SHARE OF KEY PLAYERS IN ARC WELDING TORCH MARKET, 2023 200
TABLE 206 ARC WELDING TORCH MARKET: DEGREE OF COMPETITION 201
11.4 REVENUE ANALYSIS (2018–2022) 201
FIGURE 42 REVENUE ANALYSIS FOR KEY COMPANIES IN LAST FIVE YEARS 201
11.5 COMPANY VALUATION & FINANCIAL METRICS 202
FIGURE 43 COMPANY VALUATION (USD BILLION) 202
FIGURE 44 FINANCIAL MATRIX: EV/EBITDA RATIO 202
11.6 BRAND/PRODUCT COMPARISON 203
FIGURE 45 ARC WELDING TORCH MARKET: BRAND/PRODUCT COMPARISON 203
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 204
11.7.1 STARS 204
11.7.2 EMERGING LEADERS 204
11.7.3 PERVASIVE PLAYERS 204
11.7.4 PARTICIPANTS 204
FIGURE 46 ARC WELDING TORCH MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 205
11.7.5 COMPANY FOOTPRINT ANALYSIS 206
FIGURE 47 ARC WELDING TORCH MARKET: COMPANY FOOTPRINT (10 COMPANIES) 206
TABLE 207 ARC WELDING TORCH MARKET: COMPANY FOOTPRINT (10 COMPANIES) 207
TABLE 208 ARC WELDING TORCH MARKET: COOLING TYPE FOOTPRINT (10 COMPANIES) 207
TABLE 209 ARC WELDING TORCH MARKET: END-USE INDUSTRY FOOTPRINT (10 COMPANIES) 208
TABLE 210 ARC WELDING TORCH MARKET: REGIONAL FOOTPRINT (10 COMPANIES) 208
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 209
11.8.1 PROGRESSIVE COMPANIES 209
11.8.2 RESPONSIVE COMPANIES 209
11.8.3 DYNAMIC COMPANIES 209
11.8.4 STARTING BLOCKS 209
FIGURE 48 ARC WELDING TORCH MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 210
11.8.5 COMPETITIVE BENCHMARKING 210
TABLE 211 ARC WELDING TORCH MARKET: KEY STARTUPS/SMES 210
TABLE 212 ARC WELDING TORCH MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 211
11.9 COMPETITIVE SCENARIO 212
11.9.1 PRODUCT LAUNCHES & UPGRADES 212
TABLE 213 ARC WELDING TORCH MARKET: PRODUCT LAUNCHES & UPGRADES, MARCH 2019–NOVEMBER 2023 212
11.9.2 DEALS 216
TABLE 214 ARC WELDING TORCH MARKET: DEALS, JANUARY 2019–MARCH 2024 216
11.9.3 EXPANSIONS 218
TABLE 215 ARC WELDING TORCH MARKET: EXPANSIONS, JUNE 2022–JUNE 2023 218
11.9.4 OTHER DEVELOPMENTS 219
TABLE 216 ARC WELDING TORCH MARKET: OTHER DEVELOPMENTS, FEBRUARY 2024–FEBRUARY 2024 219