Global Blast Furnaces Market Analysis Highlights the Impact of COVID-19 2020-2024| Large Installed Base of Blast Furnaces to Boost Market Growth | Technavio

LONDON--()--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:

  • 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:

  • Application
    • Capacity Additions
    • Revamping Projects
  • Geographic Landscape
    • APAC
    • Europe
    • North America
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43130

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
  • List of abbreviations

     

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Blast Furnaces Market will grow by USD 869.14 mn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/