Transparency Market Research (TMR) has released a new market study, titled “Welding Consumables Market - EMEA Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”. The report presents a detailed analysis of the trends, market drivers, and market restraints that will influence the course of the EMEA (Europe and Middle East and Africa) welding consumables market during the forecast period from 2014 to 2020.

Browse The Full Welding Consumables Market Report At : http://www.transparencymarketresearch.com/emea-welding-consumables-market.html

The report states that the market will display modest growth during the forecast period. The welding consumables market in EMEA had a valuation of US$3.3 bn in 2013 and will be valued at US$4.5 bn by 2020, expanding at a CAGR of 4.30% over the period. In terms of volume, the market amounted to 1,236.2 kilotons in 2013.

In the EMEA region, the welding consumables market has witnessed a substantial rise due to positive developments in end-use industries such as automotive and oil and gas over the past few years. Whilst the Europe welding consumables market will display moderate growth, the Middle East and Africa region will observe significant growth due to the consistent demand for welding consumables from the emerging economies of the region. However, lack of skilled labor that can carry out welding processes, especially in the developed regions of Europe and the Middle East, is limiting the market’s growth in these regions.

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The report divides the EMEA welding consumables market on the basis of product, application, and geography. Based on product, stick electrodes, welding gases, solid wires, flux-cored wires, and SAW wires and fluxes are the segments of the market. Of these, stick electrodes account for the highest demand in the Middle East and Africa for reasons such as manual welding services being a commonality and the higher durability and cost-effectiveness of these products. On the other hand, the wires and fluxes product segment registered more demand from the developed countries of Europe.

In terms of regional segmentation, Europe held more than 70% of the EMEA welding consumables market in 2013. However, due to nearing saturation level, the Europe market for welding consumables will make insignificant progress in the coming years as compared to the past years. Nevertheless, the long-established automobile industry in Europe will still account for substantial demand for welding consumables and will contribute to the revenue of the overall market reasonably.In the Middle East, the flourishing oil and gas sector will account for a high demand for welding consumables for both infrastructural and operational needs. Thus, the region will advance to gain a larger share and contribute significantly to the revenue of the overall market during the forecast period.

Browse The Full Press Release Of Welding Consumables Market : http://www.transparencymarketresearch.com/pressrelease/emea-welding-consumables-industry.htm

The report presents the competitive landscape of the EMEA welding consumables market with a list of the major companies that operate in this market. These include Voestalpine AG, Lincoln Electric, ITW, and ESAB. Among these, ESAB led the market in 2013 with a revenue share of almost 15% in the overall market.

The report segments the welding consumables market in EMEA as:

Welding Consumables Market - Product Segment Analysis
Stick electrodes
Solid wires
Flux-cored wires
SAW wires and fluxes
Others (Including gases, etc.)

Welding Consumables Market - Application Analysis
Automobile & transportation
Building & construction
Marine
Others (Including repair and maintenance, etc.)

Welding Consumables Market - Regional Analysis
Europe
The Middle East
Africa

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