Curing Oven Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Curing Oven: Introduction

• A curing oven is a type of industrial oven which creates a chemical reaction in different materials after reaching the required temperature.
• Curing is a particular process, and curing ovens cure products, coatings, or some adhesive.

Key Drivers of the Global Curing Oven Market

• Curing ovens have extensive usage to cure epoxies, resins coatings, and sealants. The product finds its utility in holding the temperature setting with high levels of accuracy.
• Curing ovens have widespread usage in both large and small volume applications. It is also useful in conveyor lines for batch products. Demand for curing ovens is increasing significantly and these ovens are available in the market in various sizes, temperature ranges, and configurations.
• Curing ovens ensure the chemical reactions in the curing process. It is one of the essential products in several industries, including aerospace, automotive, electrical and electronics, powder coating, and medical.

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Rising Demand from Automotive Industry to Create New Market Opportunities

• The rising electric vehicle production at the global level is expected to boost the growth of the curing oven market.
• ICE companies are working on producing high efficiency cars which is expected to drive sales in the automotive market. The automotive industry is one of the major end-users of curing ovens. This factor is projected to boost the curing oven market in the coming years.

Trade Barriers in Many Countries to Restrict Market Growth

• Different small scale manufacturers are facing raw material purchase issues as a result of trade barriers in various geographical regions.  Thus, strict government regulations and volatile trade policies in different countries may restrict the growth of the curing oven market.

Asia Pacific the Dominant Market for Curing Ovens

• Asia Pacific was the fastest growing curing oven market in 2018. Increasing number of small and medium production units in developing economies such as China, India, Bangladesh, and Sri Lanka is expected to boost the market growth. Furthermore, easing of government regulations in production is projected to propel the demand for curing ovens in Asia Pacific.
• North America and Europe accounted for significant share of the curing oven market, with major players operating their global market from these regions. The U.S. accounted for major market share in North America.

Key Players Operating in the Global Curing Oven Market

The global curing oven market is fragmented in nature. Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Small scale players are trying to increase their sales by improving their domestic market share. Some of the key players operating in the global curing oven market are listed below:

• DIMA Group
• Genlab Ltd.
• Heller Industries, Inc.
• International Thermal Systems
• JLS Ovens
• JPW Industrial Ovens & Furnaces
• LEWCO, Inc.
• Niagara Systems, LLC.
• The Grieve Corporation
• Thermal Product Solutions

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Global Curing Oven Market: Research Scope

Global Curing Oven Market, by Process

• Batch
• Continuous

Global Curing Oven Market, by Power Source

• Electric
• Gas
• Others (Hot Water, Steam Heat, etc.)

Global Curing Oven Market, by Maximum Temperature

• Below 400° F
• 400° F - 600° F
• 600° F - 800° F
• 1000° F - 1000° F
• Above 1000° F

Global Curing Oven Market, by Application

• Automotive
• Food & Beverage
• Aerospace & Défense
• Marine
• Electricals & Electronics
• Others (Mining, Rubber & Plastics, etc.)

Global Curing Oven Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.