DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/0a4a90/world_arc_welding) has announced the addition of Frost & Sullivan's new report "World Arc Welding Equipment and Filler Metals Market 2011" to their offering.
The global arc welding equipment & filler metals market rebounded strongly from the economic downturn to post a growth rate of 5.8 per cent in 2010 and is expected to touch 7.4 per cent by 2017. Europe, Middle East and Africa (EMEA), has been the second biggest contributor to this revival - after - Asia Pacific with India and China being the most important markets in the region. Government investments and regional economic stability are expected to increase the demand for arc welding equipment and filler metals in the future. Meanwhile, the industry that contributed the most to market growth in 2010 was energy, as it was the least affected by the downturn. This was due to the continuous demand for filler metals, as end-users preferred to invest in these lower-priced products during the slowdown. The energy industry also has considerable infrastructure requirements as well as repairs and maintenance in pipelines, offshore, liquefied natural gas (LNG) tanks, wind turbine installations and the nuclear sector. There is also substantial demand from automotive & transportation, construction, infrastructure, industrial expansion in emerging economies and the expected hike in steel consumption in machinery and equipment.
While the Asia Pacific market is likely to benefit the most from the growth in these end-user industries, the EMEA will also experience significant demand from industries in Eastern Europe, Russia, Middle East and Africa, says the analyst of this research. Manufacturers are looking to shift base to these economies to reduce their operational and labour costs and increase productivity. Mature economies such as Central and Western Europe and North America are expected to witness lower demand, since these economies are still shaking off the effects of the downturn. Asia is likely to witness the entry of more participants, particularly in the filler metals market. The rising base material costs are compelling manufacturers to raise the prices of their products but customers are seeking more advanced technology, quality and services, at lower prices. A large number of smaller participants from China are able to match this requirement for a wide product range at affordable prices, while the influx of participants from Korea has also helped ease the demand for arc welding equipment and filler metals.
Key Topics Covered:
1. Executive Summary
2. Market Drivers and Restraints
3. Total Market Forecast
4. Market Analysis Arc Welding Equipment
5. Market Analysis Filler Metals
6. End User Analysis
7. The Last Word
8. Appendix
9. About Frost & Sullivan
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