Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Ladle Furance Market by Type (60 Tons, 120 Tons, 360 Tons, Other), By Application (Steel Industry, Metallurgy, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Ladle Furance Market by Type (60 Tons, 120 Tons, 360 Tons, Other), By Application (Steel Industry, Metallurgy, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 155865 3300 Machinery & Equipment 377 238 Pages 4.7 (45)

Market Overview:

The global ladle 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 steel and metallurgy products across the globe. In terms of type, the 60 tons ladle furnace segment is expected to dominate the market during the forecast period, followed by 120 tons and 360 tons segments. The steel industry segment is expected to account for a major share of the global ladle furnace market in 2018, followed by metallurgy and other applications segments. In terms of region, North America is projected to lead the global ladle furnace market in 2018, followed by Europe and Asia Pacific regions.

Global Ladle Furance Industry Outlook

Product Definition:

A ladle furnace is a type of furnace used to melt or cast metal. It consists of a large, cylindrical vessel that is open at one end and has a tilting mechanism at the other. Molten metal is poured into the vessel through the open end and then tilted so that it flows out through an opening in the side of the cylinder. Ladle furnaces are often used to produce small objects such as bearings, gears, or medical implants.

60 Tons:

60 Tons, it's usage.

The global ladle furure market size was valued at USD 2.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing population coupled with an increase in health awareness among consumers is expected to drive the demand for pharmaceuticals globally which will further boost the industry growth over the forecast period.

120 Tons:

120 tons is the weight of a fully loaded 18-wheeler truck. It is used to measure the strength or capacity of materials handling equipment such as ladles, trucks, cranes, and others. The 120 ton ladle forklift can lift objects up to 25 feet in length and 8 feet in height with no more than 2 inches of leeway.

Application Insights:

The steel industry accounted for the largest share in 2015 and is expected to continue its dominance over the forecast period. The rising demand for steel from various industries including construction, automotive, packaging and machinery is anticipated to drive the industry growth over the forecast period.

Ladle furnaces are widely used in metallurgy applications as they provide uniform heating of cast iron or steel products with a consistent temperature throughout their casting or melting process. They also ensure efficient heat transfer from firebox to chamber thereby ensuring high-quality castings at reduced costs. Other than metallurgy applications, ladle furnaces are also used in other industries such as food & beverage processing and foundry where different types of metal alloys are required to be processed respectively.

Regional Analysis:

Asia Pacific dominated the global ladle furnace market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2017 owing to high steel production volume, which drives the demand for ladle furnaces. In addition, increasing investments by governments in developing countries such as India and China are anticipated to drive steel industry growth, thereby driving product demand over the forecast period.

The North America market was valued at USD X million in 2017 and is projected to witness significant growth over the next eight years due to rising demand from end-use industries such as metallurgy and mining. In addition, growing construction activities coupled with increasing exploration activities for natural resources across U.S.

Growth Factors:

  • Increasing demand for ladle furnace from the steel industry as a result of increasing production capacity and output.
  • Growing popularity of ladle furnaces in developing countries due to their low cost and easy installation.
  • Rising demand for energy-efficient ladle furnaces that can reduce fuel consumption and emissions.
  • Increasing use of ladle furnaces in foundries to produce castings with improved quality and consistency. 5

Scope Of The Report

Report Attributes

Report Details

Report Title

Ladle Furance Market Research Report

By Type

60 Tons, 120 Tons, 360 Tons, Other

By Application

Steel Industry, Metallurgy, Other

By Companies

Daido Steel, CLIMA, Induga

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Ladle Furance Market Report Segments:

The global Ladle Furance market is segmented on the basis of:


60 Tons, 120 Tons, 360 Tons, 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.


Steel Industry, Metallurgy, 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:

  1. Daido Steel
  2. CLIMA
  3. Induga

Global Ladle Furance Market Overview

Highlights of The Ladle Furance Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. 60 Tons
    2. 120 Tons
    3. 360 Tons
    4. Other
  1. By Application:

    1. Steel Industry
    2. Metallurgy
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Ladle Furance 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

Global Ladle Furance Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Ladle Furance is a business insurance policy that provides coverage for losses caused by accidental spills, fires, and other accidents.

Some of the major companies in the ladle furance market are Daido Steel, CLIMA, Induga.

The ladle furance market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Ladle Furance Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Ladle Furance Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Ladle Furance Market - Supply Chain
   4.5. Global Ladle Furance Market Forecast
      4.5.1. Ladle Furance Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Ladle Furance Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Ladle Furance Market Absolute $ Opportunity

5. Global Ladle Furance Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Ladle Furance Market Size and Volume Forecast by Type
      5.3.1. 60 Tons
      5.3.2. 120 Tons
      5.3.3. 360 Tons
      5.3.4. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Ladle Furance Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Ladle Furance Market Size and Volume Forecast by Application
      6.3.1. Steel Industry
      6.3.2. Metallurgy
      6.3.3. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Ladle Furance Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Ladle Furance Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Ladle Furance Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Ladle Furance Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Ladle Furance Demand Share Forecast, 2019-2026

9. North America Ladle Furance Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Ladle Furance Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Ladle Furance Market Size and Volume Forecast by Application
      9.4.1. Steel Industry
      9.4.2. Metallurgy
      9.4.3. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Ladle Furance Market Size and Volume Forecast by Type
      9.7.1. 60 Tons
      9.7.2. 120 Tons
      9.7.3. 360 Tons
      9.7.4. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Ladle Furance Demand Share Forecast, 2019-2026

10. Latin America Ladle Furance Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Ladle Furance Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Ladle Furance Market Size and Volume Forecast by Application
      10.4.1. Steel Industry
      10.4.2. Metallurgy
      10.4.3. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Ladle Furance Market Size and Volume Forecast by Type
      10.7.1. 60 Tons
      10.7.2. 120 Tons
      10.7.3. 360 Tons
      10.7.4. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Ladle Furance Demand Share Forecast, 2019-2026

11. Europe Ladle Furance Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Ladle Furance Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Ladle Furance Market Size and Volume Forecast by Application
      11.4.1. Steel Industry
      11.4.2. Metallurgy
      11.4.3. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Ladle Furance Market Size and Volume Forecast by Type
      11.7.1. 60 Tons
      11.7.2. 120 Tons
      11.7.3. 360 Tons
      11.7.4. Other
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Ladle Furance Demand Share, 2019-2026

12. Asia Pacific Ladle Furance Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Ladle Furance Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Ladle Furance Market Size and Volume Forecast by Application
      12.4.1. Steel Industry
      12.4.2. Metallurgy
      12.4.3. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Ladle Furance Market Size and Volume Forecast by Type
      12.7.1. 60 Tons
      12.7.2. 120 Tons
      12.7.3. 360 Tons
      12.7.4. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Ladle Furance Demand Share, 2019-2026

13. Middle East & Africa Ladle Furance Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Ladle Furance Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Ladle Furance Market Size and Volume Forecast by Application
      13.4.1. Steel Industry
      13.4.2. Metallurgy
      13.4.3. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Ladle Furance Market Size and Volume Forecast by Type
      13.7.1. 60 Tons
      13.7.2. 120 Tons
      13.7.3. 360 Tons
      13.7.4. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Ladle Furance Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Ladle Furance Market: Market Share Analysis
   14.2. Ladle Furance Distributors and Customers
   14.3. Ladle Furance Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Daido Steel Overview Financials Developments Strategic Outlook
      14.4.2. CLIMA Overview Financials Developments Strategic Outlook
      14.4.3. Induga Overview Financials Developments Strategic Outlook
      14.4.4. COMPANY4 Overview Financials Developments Strategic Outlook
      14.4.5. COMPANY5 Overview Financials Developments Strategic Outlook
      14.4.6. COMPANY6 Overview Financials Developments Strategic Outlook
      14.4.7. COMPANY7 Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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