Is the European welding market stagnating?

A recent report studies trends and causes in the mature European welding equipment market, such as the growth in laser welding and the amount of automation taking place in many welding processes.

Having reached maturity, the market for welding equipment in Europe is seeing it coming into a more mature period of growth - such as arc welding - while the newer technologies like lasers are still growing.

Given the large number of applications, such as shipbuilding, off-shore fabrication, and the aerospace and chemical fabrication sectors, the market is expected to see only marginal growth.

However, the move of fabrication projects to East Asian countries, and the lack of skilled welders in Europe are factors bringing stagnation to the European market.

Apart from introducing more automated equipment, welding equipment sales companies have to make a wider range of high quality products to remain competitive.

Frost and Sullivan's ongoing European Welding Equipment Market analysis provides an insight into the dynamics guiding this market.

It includes market challenges, drivers, restraints and avenues of opportunity for growth.

Highlights of the briefing include the product and geographic trends in the European Market and the end user analysis.

Frost and Sullivan research analyst Archana Chauhan, said that the welding equipment market in Europe is moving ahead despite a large number of restraining factors.

He asked whether the reason could be the emergence of new technology, such as lasers? Or are the automation trends stimulating growth and strengthening this mature market? Or is it a result of demands from the certain end user applications? He also asked what are the significant threats and opportunities in the market? He said that the European welding equipment market faces a marginal growth owing to the maturity of the market at the product level.

However certain regional developments are also causing revenue growth in the welding equipment market.

* About Frost and Sullivan - Frost and Sullivan is a global growth consulting company and has been partnering with clients to support the development of innovative strategies for more than 40 years.

The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities.

Frost and Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

Back to top