Industrial Furnaces & Ovens Market by Product, End-user

List of Tables

The Industrial Furnaces & Ovens Market is projected to reach USD 16.03 billion by 2030 from USD 9.96 billion in 2022, at a CAGR of 6.11% during the forecast period.

Global Industrial Furnaces & Ovens Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 9.96 billion
Estimated Year Value [2023]	USD 10.52 billion
Forecast Year Value [2030]	USD 16.03 billion
CAGR (%)	6.11%

Industrial Furnaces & Ovens Market - IMG1

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Industrial Furnaces & Ovens Market.

Based on Product, market is studied across Furnace and Ovens. The Furnace is further studied across Crucible Furnaces, Induction Furnaces, Pit Furnaces, Rotary Furnaces, and Vacuum Furnaces. The Ovens is further studied across Baking Ovens, Curing Ovens, Drying Ovens, and Reflow Ovens. The Ovens is projected to witness significant market share during forecast period.

Based on End-user, market is studied across Automotive & Aerospace, Chemical Processing, Electricals & Electronics, Food Production & Processing, and Pharmaceuticals. The Automotive & Aerospace is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Industrial Furnaces & Ovens Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Industrial Furnaces & Ovens Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Industrial Furnaces & Ovens Market, highlighting leading vendors and their innovative profiles. These include AFC-Holcroft, AICHELIN Holding GmbH, Airtec Thermoprocess GmbH by Meier Group, Andritz AG, ASC Process Systems, AVS, Inc., CAN-ENG Furnaces International Ltd., Carbolite Gero Ltd., Davron Technologies, Inc., Eastman Manufacturing Ltd., Electro Heat Sweden AB, Gasbarre Products, Inc., Harper International, Heatron, Inductotherm Corp., ITW EAE by Illinois Tool Works, Inc., JPW Ovens & Furnaces, Lenton Furnaces & Ovens, Primetals Technologies Limited, Tenova S.p.A., The Grieve Corporation, and Wisconsin Oven Corporation.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Industrial Furnaces & Ovens Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Industrial Furnaces & Ovens Market?

3. What is the competitive strategic window for identifying opportunities in the Industrial Furnaces & Ovens Market?

4. What are the latest technology trends and regulatory frameworks in the Industrial Furnaces & Ovens Market?

5. What is the market share of the leading vendors in the Industrial Furnaces & Ovens Market?

6. Which modes and strategic moves are suitable for entering the Industrial Furnaces & Ovens Market?

Product Code: MRR-2A0283E255D6

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Industrial Furnaces & Ovens Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing use of industrial furnaces & ovens in metal processing industries
  - 5.1.1.2. Rapid industrialization and auction across industries
  - 5.1.1.3. Demand for drying and infrared firing ovens
- 5.1.2. Restraints
  - 5.1.2.1. High cost of industrial furnaces and ovens
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in industrial furnaces and ovens
  - 5.1.3.2. Improvements in industrial furnaces through highly preheated air combustion
- 5.1.4. Challenges
  - 5.1.4.1. Technical issues in industrial furnaces and ovens
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Industrial Furnaces & Ovens Market, by Product

6.1. Introduction
6.2. Furnace
- 6.3.1. Crucible Furnaces
- 6.3.2. Induction Furnaces
- 6.3.3. Pit Furnaces
- 6.3.4. Rotary Furnaces
- 6.3.5. Vacuum Furnaces
6.3. Ovens
- 6.4.1. Baking Ovens
- 6.4.2. Curing Ovens
- 6.4.3. Drying Ovens
- 6.4.4. Reflow Ovens

7. Industrial Furnaces & Ovens Market, by End-user

7.1. Introduction
7.2. Automotive & Aerospace
7.3. Chemical Processing
7.4. Electricals & Electronics
7.5. Food Production & Processing
7.6. Pharmaceuticals

8. Americas Industrial Furnaces & Ovens Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Industrial Furnaces & Ovens Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Industrial Furnaces & Ovens Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player

12. Competitive Portfolio

12.1. Key Company Profiles
- 12.1.1. AFC-Holcroft
- 12.1.2. AICHELIN Holding GmbH
- 12.1.3. Airtec Thermoprocess GmbH by Meier Group
- 12.1.4. Andritz AG
- 12.1.5. ASC Process Systems
- 12.1.6. AVS, Inc.
- 12.1.7. CAN-ENG Furnaces International Ltd.
- 12.1.8. Carbolite Gero Ltd.
- 12.1.9. Davron Technologies, Inc.
- 12.1.10. Eastman Manufacturing Ltd.
- 12.1.11. Electro Heat Sweden AB
- 12.1.12. Gasbarre Products, Inc.
- 12.1.13. Harper International
- 12.1.14. Heatron
- 12.1.15. Inductotherm Corp.
- 12.1.16. ITW EAE by Illinois Tool Works, Inc.
- 12.1.17. JPW Ovens & Furnaces
- 12.1.18. Lenton Furnaces & Ovens
- 12.1.19. Primetals Technologies Limited
- 12.1.20. Tenova S.p.A.
- 12.1.21. The Grieve Corporation
- 12.1.22. Wisconsin Oven Corporation
12.2. Key Product Portfolio

13. Appendix

13.1. Discussion Guide
13.2. License & Pricing