Global Furnace
Market Report
2024
Furnace market size is USD 815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Tunnel Furnace market size is USD 815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Furnace Market Sales Revenue 2024 | $ 815.2 Million |
Global Furnace Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
North America Furnace Market Sales Revenue 2024 | $ 326.08 Million |
North America Furnace Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.2% |
Europe Furnace Market Sales Revenue 2024 | $ 244.56 Million |
Europe Furnace Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.5% |
Asia Pacific Furnace Market Sales Revenue 2024 | $ 187.5 Million |
Asia Pacific Furnace Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7% |
South America Furnace Market Sales Revenue 2024 | $ 40.76 Million |
South America Furnace Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.4% |
Middle East and Africa Furnace Market Sales Revenue 2024 | $ 16.3 Million |
Middle East and Africa Furnace Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.7% |
Market Split by Type |
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Market Split by Application |
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Market Split by Length |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Furnace Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An industrial furnace type called a tunnel furnace is frequently used for continuous heating processes in a variety of industries, including ceramics, steel, automotive, and aerospace. It is made out of an extended, enclosed tunnel-like structure with a conveyor system that enables materials to be continuously moved through the furnace, guaranteeing a reliable and effective heating process.
Products can be continuously heated in a tunnel furnace as part of a manufacturing process. Typically, tunnel kilns consist of multiple identical kiln segments, each equipped with a blower, heating components to warm the new air, and a shared exhaust airline.
In order to gain a significant market share and expand their product portfolios overall, major industry players are concentrating their efforts on developing new products.
In October 2023, The Steuler Group purchased a new high-temperature tunnel kiln from Riedhammer for ceramic material manufacturing in Höhr-Grenzhausen. The 80-meter-long tunnel kiln, which will operate at firing temperatures ranging from 1,430 to 1,650 degrees Celsius, was ceremoniously ignited during a memorable ignition event attended by approximately 200 visitors and employees.
Technological developments are anticipated to fuel market expansion during the forecast period. One example is the integration of automation and control systems for enhanced operational efficiency and process control in tunnel furnaces. Furthermore, the market is anticipated to have considerable growth in the near future due to the expansion of Industry and the implementation of smart manufacturing methods.
The tunnel furnace market is predicted to see significant growth due to the expansion of the automotive sector, especially in emerging markets. Tunnel furnaces can successfully meet the growing demand for dependable and efficient heat treatment technologies that accompany the growth in car demand.
Rising product use for energy efficient and consistent outcomes anticipated to drive the market growth during the forecast period. Since the globe is shifting towards more energy-efficient industrial production methods, the global market is expected to develop rapidly during the projected time. Government and industry initiatives pertaining to energy and the environment are growing at a rapid pace.
In addition, the device delivers lower fuel consumption than other products on the market. They are among the productive and energy-efficient ways of production. Any industry's main objective is to achieve consistency because it facilitates the constant heating and melting of items. The methodical approach to more energy efficiency is a major factor in increasing market demand.
Due to the high initial setup costs, many industries look for products that meet comparable needs but at a lower cost. Small and medium-sized businesses stop utilising the product. Furnaces have high maintenance and replacement costs, and frequently the replacement costs more than the boiler itself, making it less practical for the user to purchase and maintain them. It is sometimes challenging for the emerging phased industries to cover the furnace's expense. This could be a major factor in the market's decline in furnace demand, and it could be difficult for the major companies to overcome the same.
The COVID-19 pandemic has had an unprecedented and overwhelming worldwide impact. Demand for tunnel furnaces has exceeded expectations in every region when compared to pre-pandemic levels. The global economy has been impacted by the COVID-19 pandemic, as every industry has experienced strict lockdowns and a cessation of daily activities. The industry suffered as a result of the government limitations brought forth by the panic situation. This has also led to a fall in the market; many businesses that use furnaces have been impacted both directly and indirectly.
With the market recovering after Covid-19, product innovation and investments in R&D to create cutting-edge technologies to satisfy cutting-edge requirements are reshaping the boiler and projecting a projected increase in the anticipated period.
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Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.
In October 2023, After the Steuler Group purchased from Riedhammer a new high-temperature tunnel kiln for the manufacturing of ceramic materials for the refractory industry in Höhr-Grenzhausen.
Top Companies Market Share in Furnace Industry: (In no particular order of Rank)
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Global Furnace Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Furnace Industry growth. Furnace market has been segmented with the help of its Type, Application Length , and others. Furnace market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, flame roller tunnel furnace held the major market share over the forecast period. The flame roller tunnel furnaces use a flame as their heat source. Electricity costs for rolling are reduced by up to 8%. Tunnel furnaces cost 15-30% less to run than induction heaters, depending on the fuel used. The Tunnel furnace costs one-third as much as an induction heater.
Flameproof roller tunnel furnace is the fastest-growing category over the forecast period. In several industries, including manufacturing, metallurgy, and ceramics, the tunnel furnace is essential. These specialised furnaces offer a regulated setting for material processing, heating, and cooling. An essential part of tunnel furnaces are the heating elements. They provide the required temperature for material processing by converting electrical or thermal energy into heat. Gas burners, infrared heating panels, and electric resistance wires are examples of frequently used heating elements. The needed temperature range, energy efficiency, and the kind of material being treated are some of the variables that influence the choice of heating element.
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According to Cognitive Market Research, ceramic industry held a prominent market share. Clay pieces or vessels are fired in ceramic kilns to become hard, resilient, and water-resistant. Furnaces and ceramics can be used almost interchangeably. Pyrometric cones to gauge the impact of firing duration and temperature on the kiln's output. Ceramics provide advantages such as homogeneous quick burning of dense loads, poor tolerance for particle contamination, and carefully controlled organic elimination.
Powder material is the fastest-growing category over the forecast period. The surface temperature of the billet exiting the caster is around 800-900°C, whereas the core temperature is around 1100-1300°C. This becomes an issue in factories that use hot charging of billets in the rolling mill. During their journey from the caster to the rolling mill, the billets lose around 50-100°C of surface temperature and 100-200°C of core temperature.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Furnace market report 2024 Edition by contacting our team.
According to Cognitive Market Research, Length less than 30m held a prominent market share. A tunnel furnace, which is less than 30 metres long, is a type of industrial furnace used to heat materials and products at high temperatures. It features a tunnel-like shape that allows materials or products to flow continuously through it and is widely utilised in metal and glass manufacturing processes.
Length between 30-100m is the fastest-growing category over the forecast period. A tunnel furnace is a type of industrial furnace that heats materials and products at high temperatures. Its length ranges from 30 to 100 metres. It features a tunnel-like shape that allows materials or products to flow continuously through it and is widely utilised in metal and glass manufacturing processes.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The rising demand for environmentally friendly and sustainable products anticipated to drive the market growth in the coming years. An additional noteworthy development in the tunnel furnace industry is the growing incorporation of technology to improve product effectiveness and quality. Innovative goods that surpass conventional alternatives in terms of efficacy and efficiency are being created by utilising cutting-edge technology such as blockchain, machine learning, and artificial intelligence.
The Asia Pacific region is witnessing as the growing consumer desire for creative and ecological products as well as the extensive use of technology. Businesses can use a variety of tactics to propel market expansion. They can take advantage of technological improvements and concentrate on providing high-performance and unique products. It would also be advantageous to broaden their distribution networks in order to reach new clients. Cooperation and partnerships with a strategic focus can also be pursued to improve competitiveness and market presence.
The current report Scope analyzes Furnace Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Tunnel Furnace market size was estimated at USD 815.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 326.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. Expanding awareness of wellness and health among consumers anticipated to fuel the market growth in the coming years. The demand for Tunnel Furnace items that are thought to be healthier and more natural has increased as a result of this increased consciousness. Significant investments are also being made by major industry players which are expected to spur innovation and market expansion.
Country Analysis
According to Cognitive Market Research, with a market value of USD 815.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 244.56 million. Growing customer demand, technological developments, and investments from major industry players are expected to propel the market's expansion and promote innovation. Tunnel boiler adoption is also being accelerated by the introduction of strict rules and regulations pertaining to energy efficiency and environmental sustainability. In the upcoming years, the tunnel furnace market is expected to increase significantly due to reasons such the need for energy efficiency, industrialization, technical improvements, and the expansion of the automotive industry.
According to Cognitive Market Research, the global Tunnel Furnace market size was estimated at USD 815.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 187.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. Expanding use of digitalization and automation technology, which lowers labour costs and improves operational efficiency anticipated to drive the market expansion in the coming years. In order to comply with strict environmental requirements, there is also an increasing need for tunnel furnaces with improved safety measures and eco-friendly designs.
According to Cognitive Market Research, the global Tunnel Furnace market size was estimated at USD 815.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 40.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. Companies that provide premium furnace solutions to satisfy the needs of diverse industries have shown notable growth and market presence. Although some companies do not disclose particular sales revenue data, their success in the tunnel furnace market can be attributed to their industry experience and market reputation. Innovative goods that surpass conventional alternatives in terms of efficacy and efficiency are being created by utilising cutting-edge technology such as blockchain, machine learning, and artificial intelligence.
According to Cognitive Market Research, the global Tunnel Furnace market size was estimated at USD 815.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 16.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. Large expenditures for the growth of several industries projected to drive the market growth in the coming years. Market share of the product will increase due to increased automation and improved production procedures. The product's users are working hard to advance in their respective industries, which directly affects market expansion. The region has made greater investments in the sector to support furnace supply and demand, which is helping to propel the leading market growth globally.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Flame Roller Tunnel Furnace, Flameproof Roller Tunnel Furnace, Electric Roller Tunnel Furnace, Other |
Application | Ceramic Industry, Powder Material, Battery Materials, Other |
Length | Length Less than 30m, Length Between 30-100m, Length More than 100m |
List of Competitors | Tec Noritake, SAT THERMIQUE, Keka Group, ONEJOON GmbH (M&A of Eisenmann), NGK, Riedhammer GmbH (SACMI Group), Huayao Group, Tokai Konetsu, EBNER, Tenova, Gold Furnace, Modena, ZYKILN, Sichuan Dechine, Zhongzhou Kiln, Harper, Nutec Bickley |
This chapter will help you gain GLOBAL Market Analysis of Furnace. Further deep in this chapter, you will be able to review Global Furnace Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Furnace Market Trends North America Furnace Technological Road Map North America Furnace Market Drivers North America Furnace Market Restraints North America Furnace Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Length Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Furnace market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Flame Roller Tunnel Furnace have a significant impact on Furnace market? |
What are the key factors affecting the Flame Roller Tunnel Furnace and Flameproof Roller Tunnel Furnace of Furnace Market? |
What is the CAGR/Growth Rate of Ceramic Industry during the forecast period? |
By type, which segment accounted for largest share of the global Furnace Market? |
Which region is expected to dominate the global Furnace Market within the forecast period? |
Segmentation Level Customization |
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Additional Quantitative Data |
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