In 2023, China led the global export market of non-electric industrial or laboratory furnaces and ovens, with a significant market share. Italy and Germany followed, completing the top three. While China and Canada exhibited growth, the United States and Japan experienced declines. Notably, France saw a substantial decrease, while significant growth was observed in emerging markets like India and Chile. Over the past five years, China has been expanding steadily, solidifying its leadership.
Looking ahead, expect China to continue dominating due to its manufacturing prowess. Watch for potentially strong growth in emerging markets, as infrastructure and industrial development expand globally.
Top countries in Export of Non-Electric Industrial or Laboratory Furnaces and Ovens Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 24.27 | 2023 | +3.18% | +3.66% | View data |
| 2 | 2 Italy | 15.59 | 2023 | +0.35% | +0.31% | View data |
| 3 | 3 Germany | 14.58 | 2023 | +0.45% | -0.6% | View data |
| 4 | 4 United States | 6.41 | 2023 | -1.15% | -0.72% | View data |
| 5 | 5 Japan | 5.59 | 2023 | +0.14% | -0.71% | View data |
| 6 | 6 Spain | 4.2 | 2023 | +1.87% | +1.68% | View data |
| 7 | 7 United Kingdom | 2.49 | 2023 | +0.66% | -1.23% | View data |
| 8 | 8 Canada | 2.33 | 2023 | +0.52% | +2.06% | View data |
| 9 | 9 Austria | 2.01 | 2023 | -0.79% | -1.29% | View data |
| 10 | 10 Belgium | 1.85 | 2023 | -6.38% | -4.93% | View data |
