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EMEA welding consumables market was valued at US$ 3.38 Bn in 2013 and is anticipated to reach US$ 4.55 Bn by 2020, expanding at a CAGR of 4.3% between 2014 and 2020
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Transparency Market Research Welding Consumables Market - EMEA Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 Published Date 2014-12-19 91 Page Report Request Sample Buy Now Press Release EMEA Welding Consumables Market to Grow at 4.3% CAGR between 2014 and 2020 Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Welding Consumables Market REPORT DESCRIPTION EMEA Welding Consumables Market: Snapshot The growth in the construction activities is a key factor boosting the demand for welding consumables. Industrialization and urbanization in the developing nations of the Middle East and Africa region is anticipated to drive the market for welding consumables in the years to come. A high growth can be seen in the automobile industry across the European and the Middle Eastern region and since this is one of the key application areas of welding consumables, the market for the same will witness a remarkable growth. The development of advanced welding technologies and the adoption of the same, extensively in European countries, will push the growth of the market for welding consumables. However, slow adoption of advanced welding technologies in the under developed nations of Africa shall pose a challenge for the growth of the market. Browse Market Research Report: http://www.transparencymarketresearch.com/emea- welding-consumables-market.html Shortage of Skilled Labor to Drive Demand for Welding Automation Technology The growing need for welding automation technology can be felt, especially in fabrication. This will be a key factor fueling the growth of the welding consumables market across EMEA. The demand for welding automation technology is also high from manufacturing industries, on account of the shortage of skilled labor. High price of labor is another important factor pushing the demand for welding automation technology, especially in the developed nations of Europe. 2 Transparency Market Research
Welding Consumables Market Fabrication and Maintenance Applications Create Demand for Welding Consumables Welding consumables products are now in demand from applications such as maintenance and fabrications. These products are also witnessing high demand from applications that involve repairing solutions and joining. The wide use of welding consumables across ship building industries in the EMEA region will also help push the market to grow. In addition to this, they are being used in energy and transportation sectors. The construction industry in the Middle East is witnessing a tremendous growth in the recent past and this is responsible for the growth in the demand for welding consumables in the region. Many construction projects are in the pipeline in Saudi Arabia and other GCC states. This in turn is expected to fuel the demand for welding consumables in the coming years as well. Moreover, upcoming and new projects oil and gas industry as well as the metals and mining sector will propel the demand for welding consumables. Get accurate market forecast and analysis on the Welding Consumables market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=3925 High Prevalence of Manual Welding Service to Drive Demand for Electrodes in MEA Among the various types of welding consumables such as stick electrodes, solid wires, SAW wires and fluxes, and flux-cored wires, the demand for stick electrodes will see a high demand in the Middle East and Africa. On account of the high prevalence of manual welding services in this part of the world, the demand for electrodes is high. In addition to this, the cost of electrodes is low 3 Transparency Market Research
Welding Consumables Market and thus, in more demand. It is estimated that the demand for wires and fluxes will be high in the developed nation of Europe. European Welding Consumables Market Approaching Saturation Level While in the past Europe may have held a high share in the welding consumables market, it is not so now. The European market for welding consumables is approaching stagnation and shall see little rise in the sale of these products. The highly developed automobile industry will however, bring much revenue to Europe’s welding consumables market. The Middle East is anticipated to acquire a larger share of the pie in the years to come, fueled by the high investments in oil and gas sector. About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. 4 Transparency Market Research
Welding Consumables Market Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ 5 Transparency Market Research