Market Overview:
The Global Cast Link Belt Furnaces Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for cast link belt furnaces from the automotive, metallurgical and aerospace industries. In addition, the growing demand for electric heating type cast link belt furnaces is also contributing to the market growth. However, high installation and maintenance costs are restraining the market growth. The global cast link belt furnaces market can be segmented on the basis of type into gas heating type, electric heating type, liquid fuel heating type and others. The electric heating type segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its advantages such as low installation and maintenance costs as well as energy efficiency. On basis of application, global cast link belt furnace market can be classified into automobile industry, metallurgical industry, aerospace industry,, electricals sector and others segments respectively . Among these applications ,the automotive sector dominates with highest share in terms of revenue contribution in 2017 .This trend is projected continue over next few years due rising production levels of automobiles across different geographies .
Product Definition:
Cast link belt furnaces are a type of furnace that is used to heat metal. This type of furnace is important because it can heat metal quickly and efficiently.
Gas Heating Type:
The global gas heating type market size was valued at USD 2.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of its increasing demand from various end-use industries including automotive, construction, power generation, marine and heavy machinery equipment manufacturing industries.
Electric Heating Type:
Electric heating type is used in cast link belt furnaces. It is a heat treatment process which uses electric current to generate high temperature and pressure for melting metal. The electric heating type has the advantage of being able to control the temperature as per requirement, at any point in time during the process, unlike other processes such as induction or convection where it’s difficult to control the temperature due to hot and cold spots created by different parts of furnace.
Application Insights:
Automotive application segment accounted for the largest share of over 30.0% in 2017. The growth is attributed to increasing demand for automotive components, such as engine and transmission systems, which are manufactured using cast iron alloys. These alloys can be produced at low cost by using global cast link belt furnaces market, thereby augmenting the product demand in this segment.
The metallurgical industry also holds a significant share in casting applications due to its requirement of large volumes and variety of products made from raw materials such as iron & steel, aluminum & magnesium metal oxides etc., Increasing use of these metals & minerals along with other industrial materials has led to increased consumption rate globally over the past few years. This trend is expected to continue through 2018-2030 period owing to growing economies like India China etc.
Regional Analysis:
Asia Pacific dominated the global cast link belt furnaces market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for metal casting from various end-use industries, such as automotive, aerospace and defense. In addition, rising investments by countries such as China and India are anticipated to drive regional growth over the next eight years.
The European market is also projected to grow at a considerable rate due to increasing production of vehicles in Germany and other European countries coupled with growing demand from other end-use industries such as electrical and electronics industry. Moreover, technological advancements coupled with increased spending on research & development activities are likely boost product demand in Europe during the forecast period.
North America held a substantial share of global revenue in 2017 owing to high production levels of passenger cars and light commercial vehicles (LCVs) across U.S.
Growth Factors:
- Increasing demand for cast link belt furnaces from the automotive and aerospace industries due to their ability to produce high-quality components with precise dimensions
- Growing popularity of vacuum casting technology, which is facilitated by cast link belt furnaces
- Rising investments in research and development activities for the development of new and innovative cast link belt furnace technologies
- Increasing demand from developing countries owing to the growing industrial base and rising purchasing power of consumers there
- Technological advancements that result in energy-efficient and compact cast link belt furnaces
Scope Of The Report
Report Attributes
Report Details
Report Title
Cast Link Belt Furnaces Market Research Report
By Type
Gas Heating Type, Electric Heating Type, Liquid Fuel Heating Type, Others
By Application
Automobile Industry, Metallurgical Industry, Aerospace Industry, Electrical, Others
By Companies
Wellman Furnaces, Ingener Furnaces, Seco/Warwick, CAN-ENG, AFC-Holcroft, Indomen, Aichelin Uniitherm, Jiangsu ECOO Heat Treatment Equipment, Wellman Furnaces
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Cast Link Belt Furnaces Market Report Segments:
The global Cast Link Belt Furnaces market is segmented on the basis of:
Types
Gas Heating Type, Electric Heating Type, Liquid Fuel Heating Type, Others
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:
- Wellman Furnaces
- Ingener Furnaces
- Seco/Warwick
- CAN-ENG
- AFC-Holcroft
- Indomen
- Aichelin Uniitherm
- Jiangsu ECOO Heat Treatment Equipment
- Wellman Furnaces
Highlights of The Cast Link Belt 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:
- Gas Heating Type
- Electric Heating Type
- Liquid Fuel Heating Type
- Others
- 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 Cast Link Belt 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
- Business Expansion Strategies
- 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?
Cast Link Belt Furnaces are a type of furnace that uses cast iron to produce heat. They were first developed in the 18th century and are still used today to produce heat for industrial purposes.
Some of the major companies in the cast link belt furnaces market are Wellman Furnaces, Ingener Furnaces, Seco/Warwick, CAN-ENG, AFC-Holcroft, Indomen, Aichelin Uniitherm, Jiangsu ECOO Heat Treatment Equipment, Wellman Furnaces.
The cast link belt furnaces market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cast Link Belt 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 Cast Link Belt Furnaces Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cast Link Belt 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 Cast Link Belt 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 Cast Link Belt Furnaces Market Size & Forecast, 2018-2028
4.5.1 Cast Link Belt Furnaces Market Size and Y-o-Y Growth
4.5.2 Cast Link Belt Furnaces Market Absolute $ Opportunity
Chapter 5 Global Cast Link Belt 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 Cast Link Belt Furnaces Market Size Forecast by Type
5.2.1 Gas Heating Type
5.2.2 Electric Heating Type
5.2.3 Liquid Fuel Heating Type
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cast Link Belt 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 Cast Link Belt 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 Cast Link Belt 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 Cast Link Belt 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 Cast Link Belt Furnaces Analysis and Forecast
9.1 Introduction
9.2 North America Cast Link Belt 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 Cast Link Belt Furnaces Market Size Forecast by Type
9.6.1 Gas Heating Type
9.6.2 Electric Heating Type
9.6.3 Liquid Fuel Heating Type
9.6.4 Others
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 Cast Link Belt 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 Cast Link Belt Furnaces Analysis and Forecast
10.1 Introduction
10.2 Europe Cast Link Belt 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 Cast Link Belt Furnaces Market Size Forecast by Type
10.6.1 Gas Heating Type
10.6.2 Electric Heating Type
10.6.3 Liquid Fuel Heating Type
10.6.4 Others
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 Cast Link Belt 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 Cast Link Belt Furnaces Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cast Link Belt 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 Cast Link Belt Furnaces Market Size Forecast by Type
11.6.1 Gas Heating Type
11.6.2 Electric Heating Type
11.6.3 Liquid Fuel Heating Type
11.6.4 Others
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 Cast Link Belt 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 Cast Link Belt Furnaces Analysis and Forecast
12.1 Introduction
12.2 Latin America Cast Link Belt 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 Cast Link Belt Furnaces Market Size Forecast by Type
12.6.1 Gas Heating Type
12.6.2 Electric Heating Type
12.6.3 Liquid Fuel Heating Type
12.6.4 Others
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 Cast Link Belt 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) Cast Link Belt Furnaces Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cast Link Belt 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) Cast Link Belt Furnaces Market Size Forecast by Type
13.6.1 Gas Heating Type
13.6.2 Electric Heating Type
13.6.3 Liquid Fuel Heating Type
13.6.4 Others
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) Cast Link Belt 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 Cast Link Belt Furnaces Market: Competitive Dashboard
14.2 Global Cast Link Belt Furnaces Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wellman Furnaces
14.3.2 Ingener Furnaces
14.3.3 Seco/Warwick
14.3.4 CAN-ENG
14.3.5 AFC-Holcroft
14.3.6 Indomen
14.3.7 Aichelin Uniitherm
14.3.8 Jiangsu ECOO Heat Treatment Equipment
14.3.9 Wellman Furnaces
