Metal Melting Furnace Market is Expected to Gain Popularity Across the Globe by 2034

The metal melting furnace market (금속 용해로 시장) is expected to grow substantially over the next decade. As of 2023, the market size was estimated at approximately US$ 931.1 Mn. With a compound annual growth rate (CAGR) of 4.1%, the market is projected to reach around US$ 1.4 Bn by 2034. The growth is primarily driven by the increasing demand in the automotive, aerospace, and construction industries.

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Market Segmentation

By Service Type

Installation and Commissioning

Maintenance and Repair

Upgrades and Retrofits

By Sourcing Type

In-house

Outsourced

By Application

Smelting

Metal Casting

Recycling

Metal Refining

By Industry Vertical

Automotive

Aerospace

Construction

Electronics

Manufacturing

Others

By Region

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

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