EMEA welding consumables market will be worth of US$ 4.55 Bn in 2020, expanding at a CAGR of 4.3% by 2020

EMEA welding consumables market will be worth of US$ 4.55 Bn in 2020, expanding at a CAGR of 4.3% by 2020

  • Submitted By: MOHITTMR
  • Date Submitted: 09/19/2016 12:10 AM
  • Category: Business
  • Words: 1759
  • Page: 8

Transparency Market
Research
Welding Consumables Market - EMEA Industry
Analysis, Size, Share, Growth, Trends and Forecast
2014 - 2020

Published Date
19-Dec-2014

91 Page Report

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Press Release

Rapid Growth of Automotive and Construction Industries to
Influence Growth of EMEA Welding Consumable Market
Positively, says TMR
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EMEA Welding Consumables Market

REPORT DESCRIPTION
Welding Consumables Market - EMEA Industry Analysis, Size, Share, Growth, Trends and Forecast
2014 - 2020
The EMEA welding consumables market is moderately consolidated and the top four players accounted for
nearly 40% of the overall market in 2013. The top four players are ESAB, Lincoln Electric, ITW, and
Voestalpine AG. To stay ahead in the competition, companies are investing in the innovation and development
of new grades of welding consumables, finds Transparency Market Research (TMR) in a new study.
“The availability of substitute processes such as lock bolts, brazing, and soldering is likely to produce a
moderate threat to the demand for welding consumables,” says the author of the report. The entry barrier for
new companies in the market is high owing to the presence of well-established players and large capital
expenditure required for the establishment of manufacturing facilities.
The EMEA market stood at 1,324.4 kilotons in 2015 and is estimated to reach 1,595.0 kilotons by 2020,
expanding at a CAGR of 3.7% from 2014 to 2020. Based on product type, the stick electrodes segment is
expected to maintain its leadership until 2020, accounting for 40.4% of the overall market in terms of volume.
However, the flux-cored wires segment is anticipated to grow at the most promising CAGR during the same
period.
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