Market Overview:
The global tunnel furnace 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 tunnel furnaces from various end-use industries, such as the ceramic industry, powder material industry, battery materials industry, and others. In terms of type, the flame roller tunnel furnace segment is expected to lead the global market during the forecast period. This can be attributed to its high efficiency and low operating cost as compared to other types of tunnel furnaces.
Product Definition:
A tunnel furnace is a furnace that is used to heat or melt objects. It is important because it can heat or melt objects quickly and efficiently.
Flame Roller Tunnel Furnace:
Flame roller tunnel furnace (FRT) is a new technology in steel production which uses hot air instead of flame for heating and cooling. It reduces the carbon monoxide emission, provides more control over temperature and increases energy efficiency. FRT has potential to replace traditional electric arc furnaces in low-end steel making process owing to its high energy efficiency, reduced emissions and lower cost of operation.
Flameproof Roller Tunnel Furnace:
Flameproof roller tunnel furnace is a type of steelmaking process developed in the early 20th century by the American metallurgical engineer, Charles M. Pfaltz and his co-workers at what is now known as Case School of Applied Science. The basic procedure was to pass hot metal through a series of rollers that wereflamed at regular intervals along with the metal extracting from one side and rolling on to be caught on another.
Application Insights:
The ceramic industry segment led the global tunnel furnace market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for ceramics in various industries such as automotive, kitchenware, building & construction and electrical & electronics among others. In addition, increasing investments by companies operating in the ceramic industry are expected to drive demand over the coming years.
Powder material application segment accounted for a share of 15% of total revenue in 2017 owing to its rising use across several end-use industries including metal powder manufacturing, cement production and agriculture among others. Increasing investment by countries from Asia Pacific region such as China Japan India Philippines on infrastructure development is anticipated to propel product demand across several applications during next eight years (2030 - 2041).
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 ceramic production coupled with growing demand for steel and iron ore from developing countries such as China, India, Japan, South Korea, Taiwan among others.
The Middle East & Africa is projected to grow at a significant rate over the forecast period owing to rising construction activities in this region due to rapid urbanization along with government initiatives for infrastructure development. In addition, increasing oil & gas exploration activities are also likely contribute toward regional growth over the next eight years.
North America was estimated at USD X million in 2017 and is anticipated to witness steady growth on account of rising demand from end-use industries such as automotive.
Growth Factors:
- Increasing demand for Tunnel Furnace from end-use industries such as automotive, aerospace, and metalworking to meet the rising production requirements.
- Growing popularity of tunnel furnaces for heat treatment processes owing to their energy efficiency and ability to produce consistent results.
- Rising investments by key players in research and development activities to develop advanced tunnel furnace technologies and products.
- Proliferation of online marketing channels that offer a wide range of tunnel furnaces at competitive prices, which is aiding the market growth significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tunnel Furnace Market Research Report
By Type
Flame Roller Tunnel Furnace, Flameproof Roller Tunnel Furnace, Electric Roller Tunnel Furnace, Other
By Application
Ceramic Industry, Powder Material, Battery Materials, Other
By Companies
Jiangsu Xingqiang Furnace Co., Ltd., Mahler, Otto Junker, NGK, Noritake, Jiangsu Qianjin
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Tunnel Furnace Market Report Segments:
The global Tunnel Furnace market is segmented on the basis of:
Types
Flame Roller Tunnel Furnace, Flameproof Roller Tunnel Furnace, Electric Roller Tunnel Furnace, Other
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
Ceramic Industry, Powder Material, Battery Materials, Other
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:
- Jiangsu Xingqiang Furnace Co., Ltd.
- Mahler
- Otto Junker
- NGK
- Noritake
- Jiangsu Qianjin
Highlights of The Tunnel Furnace 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:
- Flame Roller Tunnel Furnace
- Flameproof Roller Tunnel Furnace
- Electric Roller Tunnel Furnace
- Other
- By Application:
- Ceramic Industry
- Powder Material
- Battery Materials
- Other
- 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 Tunnel Furnace 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?
A tunnel furnace is a type of furnace used to produce cast iron and steel. The heat from the burning coal or coke in the furnace is used to melt the pig iron or steel into a liquid form.
Some of the major players in the tunnel furnace market are Jiangsu Xingqiang Furnace Co., Ltd., Mahler, Otto Junker, NGK, Noritake, Jiangsu Qianjin.
The tunnel furnace 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 Tunnel Furnace 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 Tunnel Furnace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tunnel Furnace 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 Tunnel Furnace 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 Tunnel Furnace Market Size & Forecast, 2020-2028
4.5.1 Tunnel Furnace Market Size and Y-o-Y Growth
4.5.2 Tunnel Furnace 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 Flame Roller Tunnel Furnace
5.2.2 Flameproof Roller Tunnel Furnace
5.2.3 Electric Roller Tunnel Furnace
5.2.4 Other
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 Ceramic Industry
6.2.2 Powder Material
6.2.3 Battery Materials
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tunnel Furnace 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 Tunnel Furnace 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 Flame Roller Tunnel Furnace
9.6.2 Flameproof Roller Tunnel Furnace
9.6.3 Electric Roller Tunnel Furnace
9.6.4 Other
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 Ceramic Industry
9.10.2 Powder Material
9.10.3 Battery Materials
9.10.4 Other
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 Flame Roller Tunnel Furnace
10.6.2 Flameproof Roller Tunnel Furnace
10.6.3 Electric Roller Tunnel Furnace
10.6.4 Other
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 Ceramic Industry
10.10.2 Powder Material
10.10.3 Battery Materials
10.10.4 Other
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 Flame Roller Tunnel Furnace
11.6.2 Flameproof Roller Tunnel Furnace
11.6.3 Electric Roller Tunnel Furnace
11.6.4 Other
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 Ceramic Industry
11.10.2 Powder Material
11.10.3 Battery Materials
11.10.4 Other
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 Flame Roller Tunnel Furnace
12.6.2 Flameproof Roller Tunnel Furnace
12.6.3 Electric Roller Tunnel Furnace
12.6.4 Other
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 Ceramic Industry
12.10.2 Powder Material
12.10.3 Battery Materials
12.10.4 Other
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 Flame Roller Tunnel Furnace
13.6.2 Flameproof Roller Tunnel Furnace
13.6.3 Electric Roller Tunnel Furnace
13.6.4 Other
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 Ceramic Industry
13.10.2 Powder Material
13.10.3 Battery Materials
13.10.4 Other
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 Tunnel Furnace Market: Competitive Dashboard
14.2 Global Tunnel Furnace Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jiangsu Xingqiang Furnace Co., Ltd.
14.3.2 Mahler
14.3.3 Otto Junker
14.3.4 NGK
14.3.5 Noritake
14.3.6 Jiangsu Qianjin
