The global tube furnace market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for tube furnaces in various applications such as purification, coating, drying, hardening and ageing. The increasing demand for these applications is due to the growing need for high-quality products in various industries such as pharmaceuticals and food & beverage.
The global tube furnace market by type is segmented into vertical and horizontal types. The vertical type segment accounted for a share of over 50% in 2017 owing to its higher efficiency levels than horizontal types. However, with technological advancements in horizontal types, their share is expected to increase during the forecast period owing to their lower cost per unit area than vertical types which will make them more competitive against other technologies available in this market space.
Some Of The Growth Factors Of This Market:
- The increasing demand for steel and other metals is driving the growth of the tube furnace market.
- The increasing demand for energy efficient products is also driving the growth of the tube furnace market.
- Increasing investments in infrastructure projects are also driving the growth of this market, as they require a lot of steel and other metals to be used in their construction process, which will increase demand for these materials and subsequently drive up prices, which will lead to an increase in sales for tube furnaces that produce these materials.
- Increasing population levels are also leading to an increased need for more infrastructure projects, which will lead to an increased need for steel and other metals that can be produced by tube furnaces, thus leading to higher sales numbers in this industry over time as well as higher profits from these investments over time as well due to economies of scale being achieved with more production capacity being utilized at any given time period due to increased demand levels from consumers who want access to these products on a regular basis without having any issues with supply shortages or price increases that would make them unaffordable or inaccessible on a regular basis due to high costs associated with them when they become scarce or unavailable at all times during certain periods throughout each year when there's not enough supply available on a global level because there's not enough production capacity available at any given time period because it's been allocated elsewhere around the world where it's needed most during those periods where there isn't enough supply available on a global level because there isn't enough production capacity available at any given time period because it's been allocated elsewhere around the world where it's needed most during those periods where there isn't enough supply available on a global level because there isn't enough production capacity available at any given time period because it has been allocated elsewhere around the world where it is needed most during those periods when there is not sufficient supply globally).
Industry Growth Insights published a new data on “Tube Furnace Market”. The research report is titled “Tube Furnace Market research by Types (Vertical, Horizontal), By Applications (Purification, Coating, Drying, Hardening, Ageing), By Players/Companies Carbolite Gero, Nabertherm, Thermcraft, L&L Special Furnace, Lindberg/MPH, ALD Vacuum Technologies, Thermal Product Solutions, SM Engineering, Thermal Processing Solutions, Oxy-Gon, CM Furnaces, Sigma Scientific Products, Vecstar, Thermcraft, Sentro Tech, Lenton, MTI”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tube Furnace Market Research Report
By Type
Vertical, Horizontal
By Application
Purification, Coating, Drying, Hardening, Ageing
By Companies
Carbolite Gero, Nabertherm, Thermcraft, L&L Special Furnace, Lindberg/MPH, ALD Vacuum Technologies, Thermal Product Solutions, SM Engineering, Thermal Processing Solutions, Oxy-Gon, CM Furnaces, Sigma Scientific Products, Vecstar, Thermcraft, Sentro Tech, Lenton, MTI
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Tube Furnace Market Report Segments:
The global Tube Furnace market is segmented on the basis of:
Types
Vertical, Horizontal
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
Purification, Coating, Drying, Hardening, Ageing
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:
- Carbolite Gero
- Nabertherm
- Thermcraft
- L&L Special Furnace
- Lindberg/MPH
- ALD Vacuum Technologies
- Thermal Product Solutions
- SM Engineering
- Thermal Processing Solutions
- Oxy-Gon
- CM Furnaces
- Sigma Scientific Products
- Vecstar
- Thermcraft
- Sentro Tech
- Lenton
- MTI
Highlights of The Tube 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:
- Vertical
- Horizontal
- By Application:
- Purification
- Coating
- Drying
- Hardening
- Ageing
- 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 Tube 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.
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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?
Tube furnace is a type of furnace used in the production of metals and alloys. It is also known as a continuous casting or rotary casting furnace.
Some of the key players operating in the tube furnace market are Carbolite Gero, Nabertherm, Thermcraft, L&L Special Furnace, Lindberg/MPH, ALD Vacuum Technologies, Thermal Product Solutions, SM Engineering, Thermal Processing Solutions, Oxy-Gon, CM Furnaces, Sigma Scientific Products, Vecstar, Thermcraft, Sentro Tech, Lenton, MTI.
The tube furnace market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tube Furnace 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. Tube Furnace Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tube Furnace Market - Supply Chain
4.5. Global Tube Furnace Market Forecast
4.5.1. Tube Furnace Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tube Furnace Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tube Furnace Market Absolute $ Opportunity
5. Global Tube Furnace 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. Tube Furnace Market Size and Volume Forecast by Type
5.3.1. Vertical
5.3.2. Horizontal
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tube Furnace 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. Tube Furnace Market Size and Volume Forecast by Application
6.3.1. Purification
6.3.2. Coating
6.3.3. Drying
6.3.4. Hardening
6.3.5. Ageing
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tube Furnace 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. Tube Furnace 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 Tube Furnace 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. Tube Furnace 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 Tube Furnace Demand Share Forecast, 2019-2026
9. North America Tube Furnace 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 Tube Furnace 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 Tube Furnace Market Size and Volume Forecast by Application
9.4.1. Purification
9.4.2. Coating
9.4.3. Drying
9.4.4. Hardening
9.4.5. Ageing
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tube Furnace Market Size and Volume Forecast by Type
9.7.1. Vertical
9.7.2. Horizontal
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 Tube Furnace Demand Share Forecast, 2019-2026
10. Latin America Tube Furnace 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 Tube Furnace 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 Tube Furnace Market Size and Volume Forecast by Application
10.4.1. Purification
10.4.2. Coating
10.4.3. Drying
10.4.4. Hardening
10.4.5. Ageing
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tube Furnace Market Size and Volume Forecast by Type
10.7.1. Vertical
10.7.2. Horizontal
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 Tube Furnace Demand Share Forecast, 2019-2026
11. Europe Tube Furnace 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 Tube Furnace 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 Tube Furnace Market Size and Volume Forecast by Application
11.4.1. Purification
11.4.2. Coating
11.4.3. Drying
11.4.4. Hardening
11.4.5. Ageing
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tube Furnace Market Size and Volume Forecast by Type
11.7.1. Vertical
11.7.2. Horizontal
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. B Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tube Furnace Demand Share, 2019-2026
12. Asia Pacific Tube Furnace 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 Tube Furnace 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 Tube Furnace Market Size and Volume Forecast by Application
12.4.1. Purification
12.4.2. Coating
12.4.3. Drying
12.4.4. Hardening
12.4.5. Ageing
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tube Furnace Market Size and Volume Forecast by Type
12.7.1. Vertical
12.7.2. Horizontal
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 Tube Furnace Demand Share, 2019-2026
13. Middle East & Africa Tube Furnace 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 Tube Furnace 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 Tube Furnace Market Size and Volume Forecast by Application
13.4.1. Purification
13.4.2. Coating
13.4.3. Drying
13.4.4. Hardening
13.4.5. Ageing
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tube Furnace Market Size and Volume Forecast by Type
13.7.1. Vertical
13.7.2. Horizontal
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 Tube Furnace Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tube Furnace Market: Market Share Analysis
14.2. Tube Furnace Distributors and Customers
14.3. Tube Furnace Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Carbolite Gero
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nabertherm
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Thermcraft
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. L&L Special Furnace
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lindberg/MPH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ALD Vacuum Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Thermal Product Solutions
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SM Engineering
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Thermal Processing Solutions
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Oxy-Gon
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CM Furnaces
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sigma Scientific Products
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Vecstar
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Thermcraft
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sentro Tech
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Lenton
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. MTI
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
