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Increasing Demand From Industries & Automation Trend Promotes Growth in the European Welding Equipment Market
LONDON, June 26 /PRNewswire/ -- Despite the maturity of the European welding equipment market, technological advances and the increasing use of laser welding equipment will provide the impetus for growth in market revenues. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), European Welding Equipment Market, finds that the market earned revenues of US$1,694.8 million in 2006 and estimates this to reach US$2,017.7million in 2013. If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the latest analysis of the European Welding Equipment Market, send an e-mail to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska@frost.com with your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information by e-mail upon receipt of the above information. "The future of the European welding equipment market depends on the demand form the various end user industries," notes Frost & Sullivan Research Analyst Archana Chauhan. "Increasing orders in the aerospace, shipbuilding and Eastern European construction industries are bolstering growth in the market." With most of the end user industries using laser technology and replacing manual welding techniques with mechanised ones, the market is set to grow at a stable rate. Moreover, end users are shifting their focus to more reliable and better operating equipment, which can reduce the cost of production and automatically address issues related to smoother weld as well as increased productivity. However, it is becoming progressively difficult for market participants to increase their market share owing to the shift of manufacturing projects to countries in the Far East. Manufacturers would thus do well shifting to untapped avenues in different regions and to varied end-user industries in Europe. This will help to counteract the lack of potential revenues from the declining regions end user sectors. Besides, a key challenge in building the long-term viability of welding equipment is to convince the broad customer base about the quality and standards of the equipment. "Research and latest welding studies have concluded that the welding quality and speed can be improved by the use of sophisticated welding equipment and automation of the welding processes," explains Archana. "Given the growing demand from various end users and the trend towards welding automation, manufacturers will need to constantly invest in R&D and develop mechanised equipment to match the demand." Each market participant should also apply various cost cutting and effective sales strategies. Introducing new technologies that provides improved productivity will enable them to remain in the lead. In addition, a strong focus on the distribution network and product differentiation will prove beneficial. Several large multinational companies have begun imparting product knowledge to end users through demonstrations, seminars and welding equipment show events. These manufacturers have taken steps to maintain a historical relationship with their customers and have been successful in procuring contracts from them. European Welding Equipment Market is part of the Industrial Automation and Process Control Growth Partnership Service, which also includes research on the Western European metallic welding equipment market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available. Frost & Sullivan, a global growth consulting company, 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 & 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. For more information, visit http://www.frost.com. Contact: Joanna Lewandowska Corporate Communications - Europe P: +48-22-390-41-46 E: joanna.lewandowska@frost.com Sara Villarruel Corporate Communications - North America P: +1-210-477-8448 F: +1-210-348-1003 E: sara.villarruel@frost.com Donna Jeremiah Corporate Communications - Southeast Asia P: +603-6304-5832 F: +603-6201-7402 E: djeremiah@frost.com Ravinder Kaur Corporate Communications - South Asia, Middle East P: +91-44-42044760 F: +91-44-24314264 E: ravinder.kaur@frost.com Danielle White Corporate Communications - Latin America P: +1-210-247-2403 F: +1-210-348-1003 E: dwhite@frost.com Bo Zhang Corporate Communications - China P: +86-21-5407-5780 Ext 8611 M: +86-13818113130 E: bo.zhang@frost.com Sharmin Jassal Corporate Communications - Australia & New Zealand P: +61-2-8247-8900 F: +61-2-9252-8066 E: sharmin.jassal@frost.com Patrick Cairns Corporate Communications - Africa P: +27-21-680-3274 F: +27-21-680-3296 E: patrick.cairns@frost.com http://www.frost.com






