LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global blast furnaces market size and it is poised to grow by USD 869.14 million during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
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What was the size of the blast furnaces market in 2019?
As per Technavio, the global market size was USD 5956.98 million in 2019 and is poised to reach USD 6826.12 million by 2024. -
Based on segmentation by application, which is the leading segment in the market?
The capacity additions segment is the leading segment in the market. -
What is a major trend in the market?
Increasing adoption of telerehabilitation is one of the key blast furnace market trends. -
Who are the top players in the market?
Danieli & C. Officine Meccaniche Spa, Gillanders Arbuthnot and Co. Ltd., IHI Corp., Larsen and Toubro Ltd., MECON Ltd., Metallurgical Corp. of China Ltd., Nippon Steel Corp., Noble Industrial Furnace Co. Inc., Primetals Technologies Ltd., and SMS Group GmbH are some of the major market participants. -
What are the key market drivers?
Large installed base of blast furnaces has been instrumental in driving the growth of the market. -
How big is the APAC market?
The blast furnace market in APAC was valued at USD 3259.06 million in 2019.
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Danieli & C. Officine Meccaniche Spa, Gillanders Arbuthnot and Co. Ltd., IHI Corp., Larsen and Toubro Ltd., MECON Ltd., Metallurgical Corp. of China Ltd., Nippon Steel Corp., Noble Industrial Furnace Co. Inc., Primetals Technologies Ltd., and SMS Group GmbH are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Large installed base of blast furnaces has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Blast Furnaces Market 2020-2024: Segmentation
Blast Furnaces Market is segmented as below:
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Application
- Capacity Additions
- Revamping Projects
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Geographic Landscape
- APAC
- Europe
- North America
- MEA
- South America
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Blast Furnaces Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The blast furnaces market report covers the following areas:
- Blast Furnaces Market Size
- Blast Furnaces Market Trends
- Blast Furnaces Market Industry Analysis
This study identifies the increasing adoption of telerehabilitation as one of the prime reasons driving the blast furnaces market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Blast Furnaces Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist blast furnaces market growth during the next five years
- Estimation of the blast furnaces market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the blast furnaces market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of blast furnaces market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Capacity additions - Market size and forecast 2019-2024
- Revamping projects - Market size and forecast 2019-2024
- Market opportunity by Application
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Volume Driver - Demand led growth
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Danieli & C. Officine Meccaniche Spa
- Gillanders Arbuthnot and Co. Ltd.
- IHI Corp.
- Larsen and Toubro Ltd.
- MECON Ltd.
- Metallurgical Corp. of China Ltd.
- Nippon Steel Corp.
- Noble Industrial Furnace Co. Inc.
- Primetals Technologies Ltd.
- SMS Group GmbH
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
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List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
