LONDON–(BUSINESS WIRE)–According to the latest market research report released by Technavio, the global gas nitriding furnace market is expected to accelerate at a CAGR of over 5% during the forecast period. Strong demand for internal combustion engines is one of the key factors triggering the growth of the market.
This research report titled ‘Global Gas Nitriding Furnace Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global gas nitriding furnace market into the following applications:
In 2017, the non-automotive segment accounted for 69.41% of the global market and is projected to decline to 69.28% by 2022, exhibiting almost 0.13% decrease in market share.
Global gas nitriding furnace market: Top emerging trend
Lightweight materials used for automobile manufacturing is an emerging trend in the gas nitriding furnace market. The governments across the globe are concentrating on three factors such as environmental compatibility, preservation of resources, and safety. In response to this, the automobile manufacturers are building safe, clean, and a range of cars such as zero emission vehicles.
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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
- Market Outline
- Global Gas Nitriding Furnace Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by application (non-automotive and automotive)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Surface Combustion, Bodycote (NITREX METAL), SECO/WARWICK, Solar Manufacturing, and Ipsen)
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