The European electron-beam welding (EBW) machine market is estimated to grow at a CAGR of nearly 7.1% during the forecast period. The growth in the aerospace and automobile industry in the region is the major contributor to the market growth. The aerospace & defense sector is considered as one of the European Union’s key high-tech sectors that adds significantly to the growth of the European economy. According to the data provided by the Aerospace and Defence Industries (ASD) Association of Europe, sales growth for the industry amounted to 8%, with total revenue reaching $266.7 billion in 2018 as compared to $247.8 billion in 2017. Different applications of EBW in aerospace include welding of aerospace gear, repairing of TI turbine blade, and welding of compressor rotator among others.
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The European EBW market is segmented on the basis of components and end-user. Based on the component, the market is segmented into the electron gun, working chamber, workpiece manipulator, and others including power supply & control equipment. The electron guns segment is estimated to contribute a significant share in the market. The electron gun is the major component of electron beam welding machines. It is expected to hold a major market share during the forecast period. Based on end-user, the market is segmented into automotive, aerospace & defense, marine, construction, industrial fabrication, and others including electronics and medical. Aerospace & defense contributed a significant share in the market.
Moreover, the report covers the analysis of major economies of the European region including UK, Germany, Italy, Spain, France, and the Rest of Europe. Germany contributed the highest market share of over 22.0% in 2018. A significant rise in industrialization has witnessed over the years owing to the government initiatives to promote industrialization and a substantial rise in the manufacturing sector in Europe, which in turn, gives a boost to the regional growth of the market.
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European EBW Machine Market Segmentation
By Component
· Electron Gun
· Working Chamber
· Workpiece Manipulator
· Others
By End-User
· Automotive
· Aerospace & Defense
· Marine
· Construction
· Industrial Fabrication
· Others
Company Profiles
· Arcam AB (a part of General Electric Co.)
· Cambridge Vacuum Engineering (CVE)
· 7Electron Beam Processes Ltd.
· Evobeam GmbH
· FOCUS GmbH
· Global Welding Technologies AG
· pro-beam GmbH & Co. KGaA
· Pronexos GmbH
· Ravenscourt Engineering Ltd.
· Sheffield Forgemaster
· TECHMETA Engineering
· TETA
· TWI Ltd.
· Vacuum Furnace Engineering Ltd.
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