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San Antonio, TX – The outlook for the Central and Eastern European (CEE) welding equipment and consumables market is positive due to escalating demand for consumables and equipment from the heavy industries, construction and power sectors. The automation trend is driving arc welding and laser welding industries. Several manufacturing projects have moved to East Europe because of lower cost of production and inexpensive labor. This trend has given a fillip to the welding market in CEE.
Demand Increases For Welding Supplies- 3/25/2009
To remain competitive in this expanding market, manufacturers should increase their penetration in the CEE region. They should also establish a strong brand image, while offering end-users cost-effective, standardized and high quality products.
New analysis from Frost & Sullivan in a report called Opportunities in Central and Eastern European Welding Market finds that the market earned revenues of over $355.3 million in 2007 and estimates this to reach $548.9 million in 2014.
"Significant demand from the construction, power, pipelines and automotive industries have resulted in mounting uptake of welding equipment and consumables in Eastern Europe," says Frost & Sullivan Senior Research Analyst Archana Chauhan. "The shift of the industrial base to Eastern Europe and automation trends is inducing welding manufacturers to penetrate into the Eastern European regions."
Manual methods of welding are being replaced by technologically innovative methods, and arc and laser welding systems sales have stepped up. End-users are now focusing on more reliable and improved operating equipment, in a bid to lower production costs and address issues of smoother weld and increased productivity. There is an escalating need for high-alloyed consumables to comply with safety regulations and yield higher productivity. Most end-user industries are using laser technology and replacing manual-welding techniques with mechanized equivalents. This trend will continue and the market will grow during the long term.
Poland is the largest contributor to the welding market in CEE. It has benefited from the shift of the industrial base to East Europe. The welding industry in the countries such as Czech Republic, Slovakia and Romania is stable and thereby the completion of the previous projects and some new greenfield projects have contributed to increasing welding revenues.
The rising demand from residential and non-residential construction, as well as restructuring activities in Eastern Europe, is further supporting growth. Heavy manufacturing industries also account for a sizeable share of revenue generation. There is sufficient demand from job shops and repair garages, which constantly use welding equipment. All these factors are driving the uptake of welding equipment and consumables.
Read more about Frost & Sullivan's analysis from PRNewswire.