PUBLISHER: Lucintel | PRODUCT CODE: 1418268
PUBLISHER: Lucintel | PRODUCT CODE: 1418268
Metallurgical Equipment Trends and Forecast
The future of the global metallurgical equipment market looks promising with opportunities in the aerospace & defense, automotive, medical & dental, oil & gas, and industrial markets. The global metallurgical equipment market is expected to reach an estimated $131.27 billion by 2030 with a CAGR of 3.2% from 2024 to 2030. The major drivers for this market are rising requests from the construction and infrastructure industries and increasing need for metallurgical equipment in the automotive industry.
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Metallurgical Equipment by Segment
The study includes a forecast for the global metallurgical equipment by type, equipment, application, and region.
List of Metallurgical Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies metallurgical equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the metallurgical equipment companies profiled in this report include-
Metallurgical Equipment Market Insights
Lucintel forecasts that steelmaking is expected to witness the highest growth over the forecast period due to growing usage of steel in the automobile, aerospace, marine, equipment and machinery, infrastructure, and electronics industries.
Within this market, aerospace and defense will remain the largest segment due to increasing need for powdered aluminum, titanium, and steel in the aerospace sector.
APAC is expected to witness highest growth over the forecast period due to high-tech manufacturing hubs exist, especially for defense, aerospace, automotive, and electronics sectors.
Features of the Global Metallurgical Equipment Market
Market Size Estimates: Metallurgical equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Metallurgical equipment market size by type, equipment, application, and region in terms of value ($B).
Regional Analysis: Metallurgical equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, equipment, application, and regions for the metallurgical equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the metallurgical equipment market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the metallurgical equipment market size?
Answer: The global metallurgical equipment market is expected to reach an estimated $131.27 billion by 2030.
Q2. What is the growth forecast for metallurgical equipment market?
Answer: The global metallurgical equipment market is expected to grow with a CAGR of 3.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the metallurgical equipment market?
Answer: The major drivers for this market are rising requests from the construction and infrastructure industries and increasing need for metallurgical equipment in the automotive industry.
Q4. What are the major segments for metallurgical equipment market?
Answer: The future of the metallurgical equipment market looks promising with opportunities in the aerospace & defense, automotive, medical & dental, oil & gas, and industrial markets.
Q5. Who are the key metallurgical equipment market companies?
Answer: Some of the key metallurgical equipment companies are as follows.
Q6. Which metallurgical equipment market segment will be the largest in future?
Answer: Lucintel forecasts that steelmaking is expected to witness the highest growth over the forecast period due to growing usage of steel in the automobile, aerospace, marine, equipment and machinery, infrastructure, and electronics industries.
Q7. In metallurgical equipment market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to high-tech manufacturing hubs exist, especially for defense, aerospace, automotive, and electronics sectors.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.