With increasing globalization, and investments in the Automotive sector, several companies across the globe are becoming highly competitive. As an operational strategy, companies are integrating the heat treatment process in the production lines. Thus the automotive companies are integrating their production lines with vacuum carburizing units with high-pressure gas quenching, for a continuous automation system, for faster and high-quality product development.
There is an increase in the competition among the vacuum heat treatment players. To gain more market share, vendors are adopting different pricing strategies. This results in the decrease in the overall price of products, which is giving rise to a price war among the players in the market. Vendors are also decreasing the price to tap the price-sensitive market in the APAC region. Moreover, as a result of technological advancements, the cost of development of vacuum heat treatment furnaces is also going down.
The Global Vacuum Heat Treatment market is set to grow at a CAGR of 6 percent over the period 2011–2015. One of the key factors contributing to this market growth is the growing need for enhanced visualization of products. The Global Vacuum Heat Treatment market has also been witnessing increased competition forcing reduction in product cost. However, the high cost of vacuum heat treatment furnaces could pose a challenge to the growth of this market. Report Scope
TechNavio's report, the Global Vacuum Heat Treatment Market 2011–2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Vacuum Heat Treatment market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Ipsen International Inc., Solar Manufacturing Inc., Vac Aero International Inc., and Seco/Warwick SA.
Click for Report details:Global Vacuum Heat Treatment Market 2011-2015 - Market Research Report