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.
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
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:
Types
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.
Applications
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:
- Daido Steel
- CLIMA
- Induga
Highlights of The Ladle Furance 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:
- 60 Tons
- 120 Tons
- 360 Tons
- Other
- By Application:
- Steel Industry
- Metallurgy
- 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 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
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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?
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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CLIMA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Induga
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook