Hardening Machine Market Report Overview
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The global hardening machine market size was expected to be USD 181.4 million in 2021 and is projected to touch USD 247.02 million by 2031, at a CAGR of 3.1% during the forecast period.
The Hardening Machine is a tool for hardening, a sort of surface hardening that involves induction heating followed by quenching of a metal component. The quenched metal experiences a martensitic transition, making the component harder and more brittle. Hardening is a technique used to selectively harden specific regions of a part or assembly without compromising the part's overall qualities. Many industries, including the automotive, aerospace, mining machinery, railway, and shipbuilding, require hardening equipment. It is frequently used in metallurgical metalworking procedures to make metal harder. The equipment increases productivity and efficiency in the process of metals hardening. There are two types—vertical and horizontal—available, each with a particular characteristic to improve operability. The demand for high production and efficient operation in the hardening and tempering of components, as well as expanding metallurgical and manufacturing operations, are the main drivers of this growth.
A metallurgical metalworking procedure called hardening is used to make metals harder. The first step in the procedure is to heat the metal to a critical transition temperature before quenching it in a molten salt bath or water. While hypereutectoid steel warms above lower critical temperature, hypoeutectoid steel is heated between 30 and 50 degrees Celsius over upper critical temperature (UCT) (LCT).
COVID-19 Impact: The Intrinsic Covid-19 Condition Curtailed the Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the hardening machine market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The COVID-19 pandemic has caused a number of challenges for the equipment and machinery sector, including raw material shortages, manufacturing disruptions, a halt to international trade, and decreased demand from practically all end-user industries, including agricultural, construction, and manufacturing. The immediate effects of COVID-19 are causing production and supply chain activities of industrial equipment businesses to be interrupted, and these issues are also affecting the operations of their clients. This is having an exponential effect across the entire supply chain, reaching manufacturers of industrial equipment late but with full force nonetheless. Additionally, COVID-19 has brought about additional difficulties that needed to be rapidly resolved, such as constrained site access and collaboration, weariness, worker absence, travel restrictions, and new working methods.
LATEST TRENDS
"Technological Advancement in the Hardening Machinery to Surge the Market Demand "
Nowadays, localized portions on steel components are hardened via laser surface hardening. This technique involves focusing a laser beam on the surface of the work-piece, that absorbs heat to undergo selective austenitization of limited surface regions. These regions subsequently transition to martensite due to rapid cooling by heat conduction into the bulk of the work-piece (self-quenching). Parallel to laser surface hardening, electron beam (EB) hardening heats the chosen surface area using a concentrated stream of high-velocity electrons.
Hardening Machine Market Segmentation
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By Type
Based on type the hardening machine market is classified into horizontal, vertical and others.
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By Application
Based on application the hardening machine market is classified as automotive, construction, agriculture, machine tool and others.
DRIVING FACTORS
"Rapidly Growing Metallurgical and Manufacturing Operations to Stimulate the Market "
We dwell in a material universe. The study, development, design, and operation of processes that turn raw materials into the finished engineered products aimed at enhancing our quality of life are the responsibilities of materials science today. The branch of materials science and engineering known as metallurgy is responsible for researching the physical and chemical properties of metallic elements, their inter-metallic compounds, and their alloys. Metallurgy, or the technology of metals, is the application of science to the fabrication of metals, including heat treatment, and the development of metal components that are used in manufactured goods and consumer goods.
"Increasing Usage of Vertical Hardening in Various Industries to Attract the Consumers"
The widely utilized vertical hardening machines can be applied generically and flexibly to all typical hardening processes in a variety of various applications. The machine ensures a customizable adaptation to certain specifications such as rate of flow, weight of the work piece, and level of automation thanks to its modular architecture. The end result is a technical solution that is efficient and optimized for hardening work items of consistently high quality. However, the efficient and effective operation by the vertical hardening are directed towards the hardening machine market growth in the forecasted period.
RESTRAINING FACTORS
"The Installation and Maintenance Cost Incurred to Repel the Market Players"
With the powerful benefits the heat treating and hardening adds to the value of your parts it is beneficial to bring the process in-house. But beyond purchasing the right machinery, there are other expenses to setting up, running and maintaining a heat treating and hardening system. Therefore, the handling and maintenance cost being a restraining factor can hamper the hardening machines market growth in the forecasted period.
Hardening Machine Market Regional Insights
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"Europe to Dominate the Market Share with the Presence of Prominent Players"
The European market growth is fueled by the rising automotive industry spending, more intense rivalry, product releases, rising general industry spending, retrofitting and renovating of outdated technologies, and rising use of hardening machines. Due to the production technology being less advanced than that of some high-tech equipment, the hardening machine market share is not highly concentrated globally than compared to Europe. Furthermore, the most well-known players are renowned for the excellent performance of their equipment and accompanying services.
KEY INDUSTRY PLAYERS
"Prominent Manufacturers to Contribute Towards Expansion of Market"
The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players, and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.
List of Market Players Profiled
- Maschinenfabrik ALFING Kessler GmbH (Germany)
- Nabertherm GmbH (Germany)
- EMAG (Germany)
- EMA Indutec GmbH (Germany)
- SMS Elotherm GmbH (Germany)
- Tetra Laval (Switzerland)
- Radyne Corporation (U.S.A)
- EFD Induction (Norway)
- Metcor Inc. (Canada)
- Hitech Induction (India)
- Inductwell Engineers Pvt Ltd (India).
INDUSTRY DEVELOPMENTS
31st May 2021: A brand-new generation of vertical hardening machine was introduced by EFD Induction. The HardLine M modular has every feature necessary for smart production in the era of Industry 4.0. The HardLine M has an accessible layout, a well-thought-out work space, and an ergonomic design.
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 181.4 Million in 2021 |
Market Size Value By |
US$ 247.02 Million by 2031 |
Growth Rate |
CAGR of 3.1% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the hardening machine market expected to touch by 2031?
The global hardening machine market is expected to reach USD 247.02 million by 2031.
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What CAGR is the hardening machine market expected to exhibit by 2031?
The hardening machine market is expected to exhibit a CAGR of 3.1% by 2031.
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Which are the driving factors of the hardening machine market?
Rapid growing of metallurgical and manufacturing operations in various industries and the increasing usage of vertical hardening due to its efficient operation in various industries are the driving factors of the hardening machine market.
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Which are the top companies operating in the hardening machine market?
EMA Indutec, Maschinenfabrik ALFING Kessler GmbH, Denki Kogyo , Inductotherm , Fuji Electronic , EFD Induction , Park Ohio , SMS Elotherm , Dai-ich High Frequency , EMAG Machine Tools , Nabertherm , AAGES SA , Shanghai Heatking Induction , Chengdu Duolin Electric , Heess and others are the top companies operating in the hardening machine market.