The global Hardening Machines market was 140 million US$ in 2018 and is expected to 210 million US$ by the end of 2025, growing at a CAGR of 5.0% between 2019 and 2025.
Los Angeles, CA -- (SBWIRE) -- 04/19/2019 -- 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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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.
This report studies the Hardening Machines market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
EMAG Machine Tools
Dai-ich High Frequency
Maschinenfabrik ALFING Kessler GmbH
Shanghai Heatking Induction
Chengdu Duolin Electric
By the product type, the market is primarily split into:
Horizontal Hardening Machines
Vertical Hardening Machines
By the end users/application, this report covers the following segments:
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