Market Overview:
The Global Induction Hardening Machine Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for induction hardening machines from the automotive, construction, and agriculture industries. Additionally, the growing demand for machine tools in various end-user industries is also contributing to the growth of this market. The global induction hardening machine market can be segmented on the basis of type into intermediate frequency (IF), high frequency (HF), ultra high frequency (UHF), and others. The IF segment is expected to account for a major share of this market in 2018 owing to its low cost and easy installation as compared to other types of induction hardening machines.
Product Definition:
An induction hardening machine is a type of equipment used to heat metal parts so that they can be hardened. The importance of induction hardening machines is that they can help to improve the strength and durability of metal parts, making them more resistant to wear and tear.
Intermediate Frequency:
Intermediate frequency (IF) is the middle of the three main hardening frequencies, which are high-frequency (HF), low-frequency (LF), and ultra-high frequency (UH). The IF is in between these two Frequencies. It’s used to induce hardening in materials by creating stress or strain on them. It can also be used for enhancing certain properties such as wear resistance or corrosion resistance of a material.
High Frequency:
High frequency is the term used for electrical energy that travels in waves at a certain fixed rate. The higher the number, the faster the wave motion. High frequencies are associated with electricity and magnetism because they occur at very short wavelengths (high speed).
The high-frequency induction hardening machine market size was valued at USD 1,FREAKONOMinal power supply) in 2015.
Application Insights:
The global induction hardening machine market is segmented on the basis of application into automotive, construction, agriculture, machine tool and others. The automotive application segment accounted for a major share in 2017 owing to increasing demand for vehicles with enhanced performance capabilities. Induction hardened steel parts are used in the manufacturing of automobiles as they provide superior hardness and wear resistance at lower cost than other types of steel.
The construction industry also holds promising growth opportunities for manufacturers as it offers high potential growth areas due to rapid infrastructure development projects across various regions globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for induction hardening machines in countries, such as China and India. The region has been witnessing rapid industrialization which has led to an increase in the number of manufacturing facilities, thereby driving the demand for induction hardened parts production machinery.
The growth can also be attributed to increasing foreign investments in various sectors including energy, power generation and others by prominent companies like General Electric (GE) and Siemens AG along with government initiatives towards Make in India program implemented by Indian government since 2014. This resulted into increased domestic manufacturing activities across several industries including automotive, electrical & electronics among others thus propelling the product demand further over next eight years.
Growth Factors:
- Increasing demand for high-strength and durable components in automotive and aerospace industries
- Growing popularity of induction hardening as a surface treatment process to improve component performance and extend service life
- Rising investments in manufacturing sector across the globe
- Technological advancements that have led to the development of more efficient and compact induction hardening machines
- Growing number of OEMs adopting induction hardening as a preferred surface treatment process
Scope Of The Report
Report Attributes
Report Details
Report Title
Induction Hardening Machine Market Research Report
By Type
Intermediate Frequency, High Frequency, Ultra High Frequency, Others
By Application
Automotive, Construction, Agriculture, Machine Tool, Others
By Companies
EMAG, EFD Induction, Inductoheat Europe, Termomacchine, GH Electrotermia, Loeser, Chengdu Duolin Electric, EMA Indutec
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Induction Hardening Machine Market Report Segments:
The global Induction Hardening Machine market is segmented on the basis of:
Types
Intermediate Frequency, High Frequency, Ultra High Frequency, 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
Automotive, Construction, Agriculture, Machine Tool, 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:
- EMAG
- EFD Induction
- Inductoheat Europe
- Termomacchine
- GH Electrotermia
- Loeser
- Chengdu Duolin Electric
- EMA Indutec
Highlights of The Induction Hardening Machine 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:
- Intermediate Frequency
- High Frequency
- Ultra High Frequency
- Others
- By Application:
- Automotive
- Construction
- Agriculture
- Machine Tool
- 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 Induction Hardening Machine 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?
An induction hardening machine is a type of industrial machinery used to produce high-quality steel by heating the metal to a very high temperature and then quenching it in water.
Some of the major players in the induction hardening machine market are EMAG, EFD Induction, Inductoheat Europe, Termomacchine, GH Electrotermia, Loeser, Chengdu Duolin Electric, EMA Indutec.
The induction hardening machine 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 Induction Hardening Machine 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 Induction Hardening Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Induction Hardening Machine 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 Induction Hardening Machine 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 Induction Hardening Machine Market Size & Forecast, 2020-2028
4.5.1 Induction Hardening Machine Market Size and Y-o-Y Growth
4.5.2 Induction Hardening Machine Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Intermediate Frequency
5.2.2 High Frequency
5.2.3 Ultra High Frequency
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Construction
6.2.3 Agriculture
6.2.4 Machine Tool
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Induction Hardening Machine 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 Induction Hardening Machine 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Intermediate Frequency
9.6.2 High Frequency
9.6.3 Ultra High Frequency
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 Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Construction
9.10.3 Agriculture
9.10.4 Machine Tool
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Intermediate Frequency
10.6.2 High Frequency
10.6.3 Ultra High Frequency
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 Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Construction
10.10.3 Agriculture
10.10.4 Machine Tool
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Intermediate Frequency
11.6.2 High Frequency
11.6.3 Ultra High Frequency
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 Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Construction
11.10.3 Agriculture
11.10.4 Machine Tool
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Intermediate Frequency
12.6.2 High Frequency
12.6.3 Ultra High Frequency
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 Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Construction
12.10.3 Agriculture
12.10.4 Machine Tool
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Intermediate Frequency
13.6.2 High Frequency
13.6.3 Ultra High Frequency
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) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Construction
13.10.3 Agriculture
13.10.4 Machine Tool
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 Induction Hardening Machine Market: Competitive Dashboard
14.2 Global Induction Hardening Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EMAG
14.3.2 EFD Induction
14.3.3 Inductoheat Europe
14.3.4 Termomacchine
14.3.5 GH Electrotermia
14.3.6 Loeser
14.3.7 Chengdu Duolin Electric
14.3.8 EMA Indutec
