Expansion of Metalworking Industry Propels Demand for Metallurgy Equipment

Metallurgical equipment involves all kinds of machines and systems used for ingot casting, smelting, handling, packaging, rolling, and packing in the industry.

The metallurgical process is complicated, and the structure of metallurgical machinery is huge. It consumes large energy, performs consistently, and requires a complete set of equipment.

The metallurgy equipment has captured $100.3 billion revenue in 2021, and it is projected to generate $133.9 billion revenue in 2030, rising at a rate of 3.3% from 2021 to 2030.

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The worldwide metalworking industry expansion reflects the penetration of metalworking facilities. In addition, the rising labor costs in developed countries, the application of advanced computer systems to control spindle speed, axis, and tool changes in milling machines.

In addition, companies are massively using CNC technology to enhance work quality and milling machines' productivity.

Most metallurgical machinery work involves heavy loads, high temperature, dust, and corrosion that caters to the high efficiency, completeness, durability, reliability, and energy-saving requirement.

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The major companies operating in the industry are:
1- Hoganas AB
2- Sandvik AB
3- SMS Siemag
4- Danieli & C.S.p.A.
5- Hoganas AB
6- Showa Denko Materials Co. Ltd.
7- GKN Sinter Metal Engineering GmbH.

Therefore, rising aerospace and defense application fuels the demand for metallurgy equipment.

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