Press release
Gas Nitriding Furnace 2018 Global Market Expected to Grow at CAGR More Than 5 % and Forecast to 2022
Gas Nitriding Furnace Market
This industry research report presents a comprehensive analysis of the gas nitriding furnace market by the application based on non-automotive and automotive. The report also provides an analysis of the market based on geographic regions such as the Americas, APAC, and EMEA.
Technavio’s market research analysts have identified the increasing demand for internal combustion engines as one of the primary factors that will trigger the growth of the gas nitriding furnace market in the coming years. Gas nitriding is extensively used in surface hardening of crankshafts which aids in converting energy and power to the rotary movement. Crankshafts utilize connecting rods to transfer piston movements to rotational movements and are required by various engine types in automotive engines. Internal combustion engines are used in a variety of non-automotive applications, owing to this, the demand for ICE is expected to increase in the next five years. More than 1300 million internal combustion engines were used in 2016 and comprise of engines of both automotive and non-automotive industry. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 5% by 2022.
The increasing use of lightweight materials for automobile manufacturing is one of the key trends in the gas nitriding furnace market. Governments across the world are integrating stringent emission regulations which have compelled automakers to focus on developing safe, clean, and zero emission vehicles. The production of lightweight vehicles in the next 20 years will be a result of strong emission regulations and requirements for energy efficiency.
Companies covered
The gas nitriding furnace market is highly fragmented due to the presence of several players. This industry research report provides an in-depth analysis of the competitive environment in the surface hardening market among the leading furnace manufacturers. Moreover, our analysts also provide key areas that the vendors should focus on to sustain the competitive environment and gain maximum market share.
The report includes an analysis of a number of companies in this marketspace including -
Bodycote (NITREX METAL)
Ipsen
SECO/WARWICK
Solar Manufacturing
Surface Combustion
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Segmentation by application and analysis of the gas nitriding furnace market
Non-automotive
Automotive
The non-automotive segment accounted for the major share of the surface hardening market during 2017. During the forecast period, this segment will continue to grow steadily due to the rising demand for construction equipment, generators, industrial machinery, and the aerospace industry.
Geographical segmentation and analysis of the gas nitriding furnace market
Americas
APAC
EMEA
APAC accounted for the maximum shares of the surface hardening market during 2017. Our analysts have predicted that APAC will witness steady growth in the next five years. The growth of this region can be attributed to the fact that the economic conditions are significantly improving in the emerging countries.
Key questions answered in the report include
What will the market size and the growth rate be in 2022?
What are the key factors driving the global gas nitriding furnace market?
What are the key market trends impacting the growth of the global gas nitriding furnace market?
What are the challenges to market growth?
Who are the key vendors in the global gas nitriding furnace market?
What are the market opportunities and threats faced by the vendors in the global gas nitriding furnace market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global gas nitriding furnace market?
Table Of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 05: MARKET SIZING
• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
PART 07: MARKET SEGMENTATION BY APPLICATION
• Segmentation by application
• Comparison by application
• Non-automotive – Market size and forecast 2017-2022
• Automotive – Market size and forecast 2017-2022
• Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
• Geographical segmentation
• Regional comparison
• Americas – Market size and forecast 2017-2022
• EMEA – Market size and forecast 2017-2022
• APAC – Market size and forecast 2017-2022
• Key leading countries
• Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 12: MARKET TRENDS
• Lightweight materials used for automobile manufacturing
• Development of single component atmosphere process
PART 13: VENDOR LANDSCAPE
• Overview
• Landscape disruption
• Competitive scenario
PART 14: VENDOR ANALYSIS
• Vendors covered
• Vendor classification
• Market positioning of vendors
• Surface Combustion
• Bodycote (NITREX METAL)
• SECO/WARWICK
• Solar Manufacturing
• Ipsen
Continued…….
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