Emea Welding Consumables Market Competitive Dynamics and Global Industry Outlook

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.

Planning to lay down strategy for the next few years? Our report can help shape your plan better

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.

Are you a start-up willing to make it big in the business? Grab an exclusive sample of this report here

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.

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 and thus, in more demand. It is estimated that the demand for wires and fluxes will be high in the developed nation of Europe.

Get a PDF Brochure Detailing about the current size & value of the market with all other necessary information

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 next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
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
Research Blog:
http://www.europlat.org/