Global Atmospheric Heat Treatment Equipment Market 2017-2021

Overview of the global atmospheric heat treatment equipment market

Technavio's market study identifies the stable growth of automotive industry to be one of the primary growth factors for the atmospheric heat treatment equipment market. APAC is witnessing rapid rate of urbanization and growing economic activity, contributing to the growth of the automobile manufacturing industry. Automobile manufacturers make use of several heat treatment processes to enhance the performance of automotive components. These processes improve the strength and hardness of these materials to increase the lifespan and reliability of the automotive components. Our market analysts estimate that the market will grow steadily at a CAGR of above 5% by 2021.

Additive manufacturing technology uses successive layers of metal powders to produce complex parts, primarily used in manufacturing the precision products used in medical, automotive, and aerospace fields. Additive manufacturing demands for heat treatment to homogenize the anisotropic structures of parts and make them uniform. This integration minimizes the cost of production of metallic products with specific metallurgical properties. The growing adoption of additive manufacturing is identified to be one of the trends contributing towards the growth of the atmospheric heat treatment equipment market.

Competitive landscape and key vendors

The atmospheric heat treatment equipment market is fragmented owing to the presence of diversified international and regional vendors. International vendors dominate the market in terms of factors such as quality, features, functionality, and services. Product innovations, technological advances, and M&A will add to the competitiveness among the vendors. Manufacturers are developing specialized products catering to various end-user segments, to attain competitive advantage in the heat treatment furnace market.

The leading vendors in the market are

• Abbott Furnace Company
• Keith
• SECO/WARWICK
• THERELEK

The other prominent vendors in the market are REMIX, C.I. Hayes, Consolidated Engineering Company, J.L Becker, CAN-ENG Furnaces, HighTemp Furnaces, Ipsen, L&L Special Furnace, The Grieve Corporation, Lindberg/MPH, Lucifer Furnaces, HTF, and SOLO Swiss Group.

Segmentation by end user and analysis of the atmospheric heat treatment equipment market

• Aerospace
• Automotive
• Heavy equipment

Several components in the aerospace industry, such as from payload adapters, adapter structures, and ESPA rings for rockets to valves, flanges, and thrust cones for commercial spacecraft, undergo atmospheric heat treatment. Growing middle-class households and the changing lifestyles contribute to the growing demand for aircrafts and atmospheric heat treatment equipment for the aerospace segment.

Geographical segmentation and analysis of the atmospheric heat treatment equipment market

• Americas
• APAC
• EMEA

In APAC, India, China, and Indonesia are witnessing significant growth in the automotive production. Increased investments in the automotive, construction, and manufacturing sectors, is influencing the demand for the atmospheric heat treatment equipment. Growing construction activities in APAC also influence the growth of the heavy equipment industry, contributing to the growth of the atmospheric heat treatment equipment in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global atmospheric heat treatment equipment market?
• What are the key market trends impacting the growth of the global atmospheric heat treatment equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global atmospheric heat treatment equipment market?
• What are the market opportunities and threats faced by the vendors in the global atmospheric heat treatment equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global atmospheric heat treatment equipment market?

Technavio also offers customization on reports based on specific client requirement.

According to our industry experts at Technavio, the steady increase in global casting production is expected to impact the growth of this market during the next few years. To help the clients gain a competitive advantage, this forthcoming market research report on the atmospheric heat treatment equipment market also covers vendors like Seco Warwick, Keith, and L&L Special Furnace. Furthermore, to present clients with the possibility to explore multiple market segments and expand in niche markets, this report on the atmospheric heat treatment equipment market also covers geographies like the Americas, APAC, and EMEA.      

This upcoming research report on the global atmospheric heat treatment equipment market provide insights into the significantly influencing market drivers and rapidly changing trends, which are expected to stimulate the growth of the heavy industry. Our reports for the heavy industry also follows a unique data collection method that offers the leverage to analyze the highly volatile market segments like the engineering tools.    

The forthcoming industry research report for atmospheric heat treatment equipment market also categorizes the drivers, trends, and challenges that the engineering tools sector currently experiences. This upcoming report on the atmospheric heat treatment equipment market presents insights into the rapidly changing competitive landscape to give clients a complete outlook of the forthcoming events within the heavy industry. Technavio also presents detailed intelligence market assessments into the sectors such as unit operations and construction.    

Our market research methodology for the atmospheric heat treatment equipment market

Technavio also offers clients the opportunity to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.