Global Metallurgical Equipment Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Metallurgical Equipment Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Metallurgical equipment industry is mainly for the iron and steel and non-ferrous metal processing industry to provide mechanical equipment and its related supporting hydraulics, control and automation systems complete sets of equipment industry, including metal smelting, continuous casting, rolling and its special supporting equipment and other production of special equipment manufacturing. Metallurgical equipment as iron and steel and non-ferrous metal industry supporting products, its product performance is not only in the technical requirements to meet the needs of the iron and steel and non-ferrous metal industry, in the production safety, stability is equally important, so the development of metallurgical equipment industry, the development of quality standards, etc. have an important impact on the iron and steel and non-ferrous metal industry.

Market Overview:

The latest research study on the global Metallurgical Equipment market finds that the global Metallurgical Equipment market reached a value of USD 33559.19 million in 2023. It’s expected that the market will achieve USD 51006.74 million by 2029, exhibiting a CAGR of 7.23% during the forecast period.

Metallurgical equipment industry is mainly for the iron and steel and non-ferrous metal processing industry to provide mechanical equipment and its related supporting hydraulics, control and automation systems complete sets of equipment industry, including metal smelting, continuous casting, rolling and its special supporting equipment and other production of special equipment manufacturing. Metallurgical equipment as iron and steel and non-ferrous metal industry supporting products, its product performance is not only in the technical requirements to meet the needs of the iron and steel and non-ferrous metal industry, in the production safety, stability is equally important, so the development of metallurgical equipment industry, the development of quality standards, etc. have an important impact on the iron and steel and non-ferrous metal industry.

Challenges and Restraints

As for the market performance of the metallurgical equipment manufacturing industry, in 2019, the overall decline of the industry is more serious due to the general environment of the trade war and price war as well as the upstream and downstream influence of the industry. In addition, the metallurgical equipment manufacturing industry itself belongs to the technology, capital and labor-intensive industry, and most of the products occupy a large amount of capital and have a long manufacturing cycle.

Opportunities

and Potentialities
With the transformation and upgrading of the downstream non-ferrous metal industry and structural adjustment, efficient, intensive, large-scale complete sets of metallurgical equipment market has a certain market demand, metallurgical equipment manufacturing industry through the technology will usher in a certain market development opportunities.

Region Overview:

In 2022, the share of the Metallurgical Equipment market in APAC stood at 68.76%.

Company Overview:

DANIELI
Danieli Group is an Italian supplier of equipment and physical plants to the metal industry. The company is based in Buttrio, in the north-east of Italy (Friuli-Venezia-Giulia region). It is one of the world leaders in the production of steel plants, in particular in the long products segment, where it owned more than 60% market share in 2000. It has more than 25 divisions worldwide (design, manufacturing and service centers), 7 of which are Production Centers (Italy, Russia, Austria, Brazil, Netherlands, Sweden, the United States, Vietnam, Germany, India, China, Thailand).

SMS Siemag

SMS Group offers quality plants, machinery and services to the metallurgical firms for steel, aluminum, copper and metals. All over the world, SMS group stands for future-oriented technology and outstanding service in plant construction and mechanical engineering for the metals industry.

Segmentation Overview:

Among different product types, Rolling Equipment segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Steel Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Metallurgical Equipment market covered in Chapter 3:

Primetals Technologies
Tenova
Andritz
Uralmashzavod
DANIELI
Dalian Huarui Heavy Industry Group Co., Ltd.
JP Steel Plantech
SINOMACH HEAVY EQUIPMENT GROUP
TAIYUAN HEAVY INDUSTRY
SMS Siemag
China First Heavy Industries
Sinosteel Engineering & Technology Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Metallurgical Equipment market from 2019 to 2030 is primarily split into:

Smelting Equipment
Continuous Casting Equipment
Rolling Equipment
Subsequent Finishing Equipment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Metallurgical Equipment market from 2019 to 2030 covers:

Steel Industry
Non Ferrous Metal Industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)