Strategic Analysis Global Heat Treatment Furnace Industry Research , 2016-2021
Added: (Wed Nov 08 2017)
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The report provides a comprehensive analysis of the Heat Treatment Furnace industry market by types, applications, players and regions. This report also displays the production, Consumption, revenue, Gross margin, Cost, Gross, market share, CAGR, and Market influencing factors of the Heat Treatment Furnace industry in USA, EU, China,India, Japan and other regions, and forecast to 2022, from 2017.
Global heat treatment industry is an amalgamation of operations involving heating, holding, and cooling of metal in the solid state for the purpose of obtaining a particular desirable surface modification or metallurgical properties. The industry is projected to grow over the forecast period owing to its application in various verticals to achieve surface hardening, increase ductility and softness, obtain fine grain size, to improve cutting properties of tool steels, and to improve electrical and magnetic properties.
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The major factor driving the market is the need to develop superior quality products. The use of heat treatment processes helps organizations to improve the structural accuracy of metal products by increasing its tensile and yield strength. Several companies across industry verticals such as automotive, aerospace, and general machinery often consider heat treatment processes to develop high precision products.
Most of the organizations are managing their manufacturing processes to improve its operational efficiency. Moreover, to make quality and cost-effective products that are competitive in the global markets, companies are now automating their industry operations. As a part of an operational strategy, integration of heat treatment processes with the production lines is carried out to increase the efficiency by manufacturing industries.
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The installation cost is very high owing to varying requirement of different metals. Different furnace and temperature are required for treating a metal to improve its quality. The requirement of high initial investment cost is expected to pose restraint to industry growth over the forecast period.
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