The European welding equipment and consumables market for shipbuilding applications is facing mounting competition from suppliers based in East Asia. However, healthy orders from shipyards over the next three years will boost revenues for welding equipment and consumable manufacturers. At the same time, the intensifying trend towards automation in shipyards will help to support revenue growth. revenues of $43.2 million in 2006 and is estimated to reach $70.1 million in 2013, while the European welding consumables market for shipbuilding applications earned revenues of $61.5 million in 2006 and is projected to achieve $99.8 million in 2013. The market is currently in an upswing owing to dynamic developments in the European shipbuilding industry.