Market Overview:
The global box furnaces market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for box furnaces from various end-use industries, such as automotive, metallurgical, aerospace and electrical. In addition, the growing demand for energy-efficient and environment-friendly box furnaces is also contributing to the growth of this market. Based on type, the global box furnaces market can be segmented into single door and multi door boxes furnace. The single door boxes furnace segment is expected to account for a larger share of this market in 2018 owing to its low cost and easy installation. However, with technological advancements being made in multi door boxes furnace segments; it is expected that this segment will witness higher growth during the forecast period from 2018to 2030.
Product Definition:
A box furnace is a type of furnace that has a rectangular or square shape. It is used to heat objects or materials using thermal radiation.
Single Door Box Furnace:
Single door box furnace is a type of ironworks which has only one door for entering and exiting. It is also known as one-door or single-door box furnace. These furnaces are used in various applications such as smelting, melting, casting and refining ores along with some other operations like finishing and plating. The primary function of these furnaces is to provide heat so that metals can be melted easily for obtaining the desired products from raw materials.
Multi Door Box Furnace:
Multi door box furnace is a type of equipment used in the production of steel. It consists of two or more doors that can be closed to control the air flow inside the furnace. The multi-door box furnaces are widely used for low and medium carbon steel production.
The primary function performed by these furnaces is to provide an even heat distribution across the entire plate surface, which enables high productivity with less labor involvement.
Application Insights:
Automotive application segment accounted for the largest share of over 30.0% in 2017. The demand for box type furnace is anticipated to witness growth owing to its ability to heat rapidly and provide thermal insulation at a lower cost as compared with other types of heating equipment. Furthermore, rapid industrialization in developing countries such as China, India and Brazil is expected to augment the product demand from automotive industry over the forecast period.
The metallurgical industry includes ferrous and non-ferrous metal manufacturing activities including steel production, aluminum production along with their downstream processes like rolling & extrusion etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing automotive production, metallurgical industry, and construction activities in emerging economies such as India, China, Indonesia, Vietnam among others.
The demand for box furnaces is likely to grow significantly in Europe owing to growing investments by companies for reducing their energy expenditure and carbon footprint along with government initiatives encouraging environment-friendly technologies. Moreover, rising metal prices are anticipated to boost the regional product demand further.
North America accounted for a significant share of revenue generated by export markets due to high consumption levels of steel produced through alternative means coupled with low steel production capacity across major countries including Mexico and Canada which makes them highly dependent on imports from other regions.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for heat treatment and surface treatment of components.
- Growing demand for box furnaces in the foundry industry for the production of castings with improved surface finish and dimensional accuracy.
- Increasing adoption of box furnaces in research institutes and universities for heating, drying, annealing, and other thermal processes.
- Rising popularity of box furnaces among small-scale businesses due to their low cost of ownership and easy installation process.
Scope Of The Report
Report Attributes
Report Details
Report Title
Box Furnaces Market Research Report
By Type
Single Door Box Furnace, Multi Door Box Furnace
By Application
Automobile Industry, Metallurgical Industry, Aerospace Industry, Electrical, Others
By Companies
Kleenair, Nutec Bickley, Thermcraft, International Thermal Systems (ITS), Grieve, Lindberg / MPH, HTF (Therma-Tron-X, Inc.), Thermo Fisher, SAKAV, IVA Schmetz, Kleenair, Sentro Tech, Mellen, LÖCHER, Wellman, Keith, CARBOLITE GERO, Facerom, Shanghai Yongwei Furnace Industry, Shandong Huawei Furnace Industry, Shandong Keruida Furnace, Luoyang Juxing Kiln, Shanghai Yuzhi Electromechanical Equipment, Hebei Dingjia, Luoyang Tairui Furnace, Hankou Furnace
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Box Furnaces Market Report Segments:
The global Box Furnaces market is segmented on the basis of:
Types
Single Door Box Furnace, Multi Door Box Furnace
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile Industry, Metallurgical Industry, Aerospace Industry, Electrical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kleenair
- Nutec Bickley
- Thermcraft
- International Thermal Systems (ITS)
- Grieve
- Lindberg / MPH
- HTF (Therma-Tron-X, Inc.)
- Thermo Fisher
- SAKAV
- IVA Schmetz
- Kleenair
- Sentro Tech
- Mellen
- LÖCHER
- Wellman
- Keith
- CARBOLITE GERO
- Facerom
- Shanghai Yongwei Furnace Industry
- Shandong Huawei Furnace Industry
- Shandong Keruida Furnace
- Luoyang Juxing Kiln
- Shanghai Yuzhi Electromechanical Equipment
- Hebei Dingjia
- Luoyang Tairui Furnace
- Hankou Furnace
Highlights of The Box Furnaces Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Door Box Furnace
- Multi Door Box Furnace
- By Application:
- Automobile Industry
- Metallurgical Industry
- Aerospace Industry
- Electrical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Box Furnaces Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Box furnaces are a type of furnace that is made up of several metal boxes that are stacked on top of each other. The heat from the fire inside the furnace is able to spread evenly through all the boxes, which makes it an efficient way to produce heat.
Some of the major players in the box furnaces market are Kleenair, Nutec Bickley, Thermcraft, International Thermal Systems (ITS), Grieve, Lindberg / MPH, HTF (Therma-Tron-X, Inc.), Thermo Fisher, SAKAV, IVA Schmetz, Kleenair, Sentro Tech, Mellen, L–CHER, Wellman, Keith, CARBOLITE GERO, Facerom, Shanghai Yongwei Furnace Industry, Shandong Huawei Furnace Industry, Shandong Keruida Furnace, Luoyang Juxing Kiln, Shanghai Yuzhi Electromechanical Equipment, Hebei Dingjia, Luoyang Tairui Furnace, Hankou Furnace.
The box furnaces market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Box Furnaces Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Box Furnaces Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Box Furnaces Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Box Furnaces Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Box Furnaces Market Size & Forecast, 2018-2028
4.5.1 Box Furnaces Market Size and Y-o-Y Growth
4.5.2 Box Furnaces Market Absolute $ Opportunity
Chapter 5 Global Box Furnaces Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Box Furnaces Market Size Forecast by Type
5.2.1 Single Door Box Furnace
5.2.2 Multi Door Box Furnace
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Box Furnaces Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Box Furnaces Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Metallurgical Industry
6.2.3 Aerospace Industry
6.2.4 Electrical
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Box Furnaces Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Box Furnaces Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Box Furnaces Analysis and Forecast
9.1 Introduction
9.2 North America Box Furnaces Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Box Furnaces Market Size Forecast by Type
9.6.1 Single Door Box Furnace
9.6.2 Multi Door Box Furnace
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Box Furnaces Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Metallurgical Industry
9.10.3 Aerospace Industry
9.10.4 Electrical
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Box Furnaces Analysis and Forecast
10.1 Introduction
10.2 Europe Box Furnaces Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Box Furnaces Market Size Forecast by Type
10.6.1 Single Door Box Furnace
10.6.2 Multi Door Box Furnace
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Box Furnaces Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Metallurgical Industry
10.10.3 Aerospace Industry
10.10.4 Electrical
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Box Furnaces Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Box Furnaces Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Box Furnaces Market Size Forecast by Type
11.6.1 Single Door Box Furnace
11.6.2 Multi Door Box Furnace
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Box Furnaces Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Metallurgical Industry
11.10.3 Aerospace Industry
11.10.4 Electrical
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Box Furnaces Analysis and Forecast
12.1 Introduction
12.2 Latin America Box Furnaces Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Box Furnaces Market Size Forecast by Type
12.6.1 Single Door Box Furnace
12.6.2 Multi Door Box Furnace
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Box Furnaces Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Metallurgical Industry
12.10.3 Aerospace Industry
12.10.4 Electrical
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Box Furnaces Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Box Furnaces Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Box Furnaces Market Size Forecast by Type
13.6.1 Single Door Box Furnace
13.6.2 Multi Door Box Furnace
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Box Furnaces Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Metallurgical Industry
13.10.3 Aerospace Industry
13.10.4 Electrical
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Box Furnaces Market: Competitive Dashboard
14.2 Global Box Furnaces Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kleenair
14.3.2 Nutec Bickley
14.3.3 Thermcraft
14.3.4 International Thermal Systems (ITS)
14.3.5 Grieve
14.3.6 Lindberg / MPH
14.3.7 HTF (Therma-Tron-X, Inc.)
14.3.8 Thermo Fisher
14.3.9 SAKAV
14.3.10 IVA Schmetz
14.3.11 Kleenair
14.3.12 Sentro Tech
14.3.13 Mellen
14.3.14 LÖCHER
14.3.15 Wellman
14.3.16 Keith
14.3.17 CARBOLITE GERO
14.3.18 Facerom
14.3.19 Shanghai Yongwei Furnace Industry
14.3.20 Shandong Huawei Furnace Industry
14.3.21 Shandong Keruida Furnace
14.3.22 Luoyang Juxing Kiln
14.3.23 Shanghai Yuzhi Electromechanical Equipment
14.3.24 Hebei Dingjia
14.3.25 Luoyang Tairui Furnace
14.3.26 Hankou Furnace
