Hardening Machines Market will reach 190 million US$ in 2023

New report published by Global Info Research which offers insights on the global Hardening Machines market.

The Hardening Machines are device used for hardening that is a type of surface hardening in which a metal part is induction-heated and then quenched. The quenched metal undergoes a martensitic transformation, increasing the hardness and brittleness of the part. Hardening is used to selectively harden areas of a part or assembly without affecting the properties of the part as a whole.

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Global Hardening Machines Market: Forecast by Type / Application / Region

In the coming years there is an increasing demand for Hardening Machines and related service in the regions of Asia Pacific and other developing countries that is expected to drive the market for more advanced Hardening Machines. Increasing of automotive fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on general industry, retrofitting and renovation of old technology, increasing adoption of Hardening Machines will drive growth in global markets.

Globally, the Hardening Machines industry market is low concentrated as the manufacturing technology of Hardening Machines is relatively matures than some high-tech equipment. And some enterprises, like EMA Indutec, Denki Kogyo, EFD Induction, etc. are well-known for the wonderful performance of their Hardening Machines and related services. At the same time, Asia-Pacific, occupied 45% revenue market share in 2017 is remarkable in the global Hardening Machines industry because of their lower cost of raw material and labor.

The worldwide market for Hardening Machines is expected to grow at a CAGR of roughly 5.1% over the next five years, will reach 190 million US$ in 2023, from 140 million US$ in 2017, according to a new GIR (Global Info Research) study.

Global Nonferrous Metal Recycling Market:Key Players
EMA Indutec
Denki Kogyo
EFD Induction
Fuji Electronic
SMS Elotherm
EMAG Machine Tools
Dai-ich High Frequency
Maschinenfabrik ALFING Kessler GmbH
Nabertherm
Heess
Shanghai Heatking Induction
AAGES SA
Chengdu Duolin Electric

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Related Information:
United States Hardening Machines Market 2018 Forecast to 2023
Europe Hardening Machines Market 2018 Forecast to 2023
North America Hardening Machines Market 2018 Forecast to 2023
Asia-Pacific Hardening Machines Market 2018 Forecast to 2023
China Hardening Machines Market 2018 Forecast to 2023
EMEA Hardening Machines Market 2018 Forecast to 2023
Global Hardening Machines Market 2018 Forecast to 2023

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