Product Code: GVR-2-68038-287-7
Heat Treating Market Growth & Trends:
The global heat treating market size is expected to reach USD 136.25 billion by 2030, expanding at a CAGR of 3.5% from 2024 to 2030, according to a new report by Grand View Research Inc. The growing automotive industry and the rising demand for heat-processed metals and alloys in industrial activities and the construction industry are expected to boost the demand over the forecast period.
The COVID-19 pandemic has prompted companies to increase local manufacturing in the automotive industry. Moreover, an increase in the demand for environmentally-friendly heat-treating technologies such as vacuum heat treatment is expected to augment the demand over the forecast period.
Heat treatment in aerospace manufacturing is an important process as it increases the strength of metals used, thereby increasing the weight to strength ratio of components. An increase in M&A activities and restructuring in the aerospace industry is expected to augment the aerospace industry growth, thereby positively affecting the industry growth.
As companies look for greener technological processes, vacuum heat treatment has accelerated market growth. Vacuum heat treatment does not require further forming, maintains a uniform high temperature, and generates no carbon. Moreover, vacuum heat treatment allows more flexibility and adaptability to change.
Companies in the industry exhibit integration from the manufacturing of heat-treating furnaces. They provide numerous commercial and customized heat treating services for the testing of the end products and supply them to end-users. Key industry players operate through well-integrated plants equipped with state-of-the-art machinery and situated in key locations.
Technological development in the market is expected to be a key factor in industry growth. Vacuum technology, Nano Carburizing, Nitriding, Sulfonitriding, and induction heating are some of the technologies that have growth potential over the forecast period. The demand for technologies that reduce consumption and emission of technical gases is also expected to drive the industry.
Heat Treating Market Report Highlights:
- The steel material segment is anticipated to expand at a lucrative CAGR from 2024 to 2030, in terms of revenue, on account of the increasing demand for the heat-treated metal from the automobile and aviation industries
- Asia Pacific led the market over the forecast period on account of rapid industrialization in China and India and favorable government policies in the aerospace industry
- Key players are currently engaged in expanding their production capacity to cater to future demand for equipment and setting up online marketplaces to diversify their distribution channels amidst the COVID-19 pandemic
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Heat Treating Market Variables, Trends & Scope
- 3.1. Concentration & Growth Prospect Mapping
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing Outlook
- 3.2.3. Distribution Outlook
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Challenge Analysis
- 3.4.4. Market Opportunity Analysis
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
- 3.6. Economic Mega Trend Analysis
- 3.6.1. COVID-19 Impact Analysis
- 3.6.2. Russia-Ukraine War
Chapter 4. Heat Treating Market: Material Estimates & Trend Analysis
- 4.1. Material Movement Analysis & Market Share, 2023 & 2030
- 4.2. Heat Treating Market Estimates & Forecast, By Material, 2018 to 2030 (USD Billion)
- 4.3. Steel
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4. Cast iron
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.5. Others
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Heat Treating Market: Process Estimates & Trend Analysis
- 5.1. Process Movement Analysis & Market Share, 2023 & 2030
- 5.2. Heat Treating Market Estimates & Forecast, By Process, 2018 to 2030 (USD Billion)
- 5.3. Case hardening
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.4. Hardening & tempering
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.5. Annealing
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.6. Normalizing
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.7. Others
- 5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Heat Treating Market: Equipment Estimates & Trend Analysis
- 6.1. Equipment Movement Analysis & Market Share, 2023 & 2030
- 6.2. Heat Treating Market Estimates & Forecast, By Equipment, 2018 to 2030 (USD Billion)
- 6.3. Electrically heated furnace
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4. Fuel-fired furnace
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5. Others
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Heat Treating Market: Application Estimates & Trend Analysis
- 7.1. Application Movement Analysis & Market Share, 2023 & 2030
- 7.2. Heat Treating Market Estimates & Forecast, By Application, 2018 to 2030 (USD Billion)
- 7.3. Automotive
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4. Machine
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5. Construction
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6. Aerospace
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7. Metalworking
- 7.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.8. Others
- 7.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Heat Treating Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 8.2. North America
- 8.2.1. North America Heat Treating Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 8.2.2. North America Heat Treating Market Estimates & Forecast, By Material, 2018 - 2030 (USD Billion)
- 8.2.3. North America Heat Treating Market Estimates & Forecast, By Process, 2018 - 2030 (USD Billion)
- 8.2.4. North America Heat Treating Market Estimates & Forecast, By Equipment, 2018 - 2030 (USD Billion)
- 8.2.5. North America Heat Treating Market Estimates & Forecast, By Application, 2018 - 2030 (USD Billion)
- 8.2.6. U.S.
- 8.2.6.1. Key country dynamics
- 8.2.6.2. U.S. heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.2.6.3. U.S. heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.2.6.4. U.S. heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.2.6.5. U.S. heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.2.6.6. U.S. heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.2.7. Canada
- 8.2.7.1. Key country dynamics
- 8.2.7.2. Canada heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.2.7.3. Canada heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.2.7.4. Canada heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.2.7.5. Canada heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.2.7.6. Canada heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.2.8. Mexico
- 8.2.8.1. Key country dynamics
- 8.2.8.2. Mexico heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.2.8.3. Mexico heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.2.8.4. Mexico heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.2.8.5. Mexico heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.2.8.6. Mexico heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe Heat Treating Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 8.3.2. Europe Heat Treating Market Estimates & Forecast, By Material, 2018 - 2030 (USD Billion)
- 8.3.3. Europe Heat Treating Market Estimates & Forecast, By Process, 2018 - 2030 (USD Billion)
- 8.3.4. Europe Heat Treating Market Estimates & Forecast, By Equipment, 2018 - 2030 (USD Billion)
- 8.3.5. Europe Heat Treating Market Estimates & Forecast, By Application, 2018 - 2030 (USD Billion)
- 8.3.6. Germany
- 8.3.6.1. Key country dynamics
- 8.3.6.2. Germany heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.3.6.3. Germany heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.3.6.4. Germany heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.3.6.5. Germany heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.3.6.6. Germany heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.3.7. France
- 8.3.7.1. Key country dynamics
- 8.3.7.2. France heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.3.7.3. France heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.3.7.4. France heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.3.7.5. France heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.3.7.6. France heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.3.8. Italy
- 8.3.8.1. Key country dynamics
- 8.3.8.2. Italy heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.3.8.3. Italy heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.3.8.4. Italy heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.3.8.5. Italy heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.3.8.6. Italy heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.3.9. Spain
- 8.3.9.1. Key country dynamics
- 8.3.9.2. Spain heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.3.9.3. Spain heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.3.9.4. Spain heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.3.9.5. Spain heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.3.9.6. Spain heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.3.10. UK
- 8.3.10.1. Key country dynamics
- 8.3.10.2. UK heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.3.10.3. UK heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.3.10.4. UK heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.3.10.5. UK heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.3.10.6. UK heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Heat Treating Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 8.4.2. Asia Pacific Heat Treating Market Estimates & Forecast, By Material, 2018 - 2030 (USD Billion)
- 8.4.3. Asia Pacific Heat Treating Market Estimates & Forecast, By Process, 2018 - 2030 (USD Billion)
- 8.4.4. Asia Pacific Heat Treating Market Estimates & Forecast, By Equipment, 2018 - 2030 (USD Billion)
- 8.4.5. Asia Pacific Heat Treating Market Estimates & Forecast, By Application, 2018 - 2030 (USD Billion)
- 8.4.6. China
- 8.4.6.1. Key country dynamics
- 8.4.6.2. China heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.4.6.3. China heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.4.6.4. China heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.4.6.5. China heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.4.6.6. China heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.4.7. Japan
- 8.4.7.1. Key country dynamics
- 8.4.7.2. Japan heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.4.7.3. Japan heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.4.7.4. Japan heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.4.7.5. Japan heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.4.7.6. Japan heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.4.8. India
- 8.4.8.1. Key country dynamics
- 8.4.8.2. India heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.4.8.3. India heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.4.8.4. India heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.4.8.5. India heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.4.8.6. India heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.4.9. South Korea
- 8.4.9.1. Key country dynamics
- 8.4.9.2. South Korea heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.4.9.3. South Korea heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.4.9.4. South Korea heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.4.9.5. South Korea heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.4.9.6. South Korea heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.5. Central & South America
- 8.5.1. Central & South America Heat Treating Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 8.5.2. Central & South America Heat Treating Market Estimates & Forecast, By Material, 2018 - 2030 (USD Billion)
- 8.5.3. Central & South America Heat Treating Market Estimates & Forecast, By Process, 2018 - 2030 (USD Billion)
- 8.5.4. Central & South America Heat Treating Market Estimates & Forecast, By Equipment, 2018 - 2030 (USD Billion)
- 8.5.5. Central & South America Heat Treating Market Estimates & Forecast, By Application, 2018 - 2030 (USD Billion)
- 8.5.6. Brazil
- 8.5.6.1. Key country dynamics
- 8.5.6.2. Brazil heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.5.6.3. Brazil heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.5.6.4. Brazil heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.5.6.5. Brazil heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.5.6.6. Brazil heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.5.7. Argentina
- 8.5.7.1. Key country dynamics
- 8.5.7.2. Argentina heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.5.7.3. Argentina heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.5.7.4. Argentina heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.5.7.5. Argentina heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.5.7.6. Argentina heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.6. Middle East & Africa
- 8.6.1. Middle East & Africa Heat Treating Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 8.6.2. Middle East & Africa Heat Treating Market Estimates & Forecast, By Material, 2018 - 2030 (USD Billion)
- 8.6.3. Middle East & Africa Heat Treating Market Estimates & Forecast, By Process, 2018 - 2030 (USD Billion)
- 8.6.4. Middle East & Africa Heat Treating Market Estimates & Forecast, By Equipment, 2018 - 2030 (USD Billion)
- 8.6.5. Middle East & Africa Heat Treating Market Estimates & Forecast, By Application, 2018 - 2030 (USD Billion)
- 8.6.6. Saudi Arabia
- 8.6.6.1. Key country dynamics
- 8.6.6.2. Saudi Arabia heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.6.6.3. Saudi Arabia heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.6.6.4. Saudi Arabia heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.6.6.5. Saudi Arabia heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.6.6.6. Saudi Arabia heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
- 8.6.7. UAE
- 8.6.7.1. Key country dynamics
- 8.6.7.2. UAE heat treating market estimates & forecast, 2018 - 2030 (USD Billion)
- 8.6.7.3. UAE heat treating market estimates & forecast, by material, 2018 - 2030 (USD Billion)
- 8.6.7.4. UAE heat treating market estimates & forecast, by process, 2018 - 2030 (USD Billion)
- 8.6.7.5. UAE heat treating market estimates & forecast, by equipment, 2018 - 2030 (USD Billion)
- 8.6.7.6. UAE heat treating market estimates & forecast, by application, 2018 - 2030 (USD Billion)
Chapter 9. Heat Treating Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Competitive Dashboard Analysis
- 9.5. Company Market Share Analysis, 2023
- 9.6. Company Heat Map Analysis, 2023
- 9.7. Strategy Mapping
- 9.8. Company Profiles
- 9.8.1. Bluewater Thermal Solutions LLC
- 9.8.1.1. Participant's overview
- 9.8.1.2. Financial performance
- 9.8.1.3. Product benchmarking
- 9.8.1.4. Recent developments
- 9.8.2. American Metal Treating Inc.
- 9.8.2.1. Participant's overview
- 9.8.2.2. Financial performance
- 9.8.2.3. Product benchmarking
- 9.8.2.4. Recent developments
- 9.8.3. East-Lind Heat Treat Inc.
- 9.8.3.1. Participant's overview
- 9.8.3.2. Financial performance
- 9.8.3.3. Product benchmarking
- 9.8.3.4. Recent developments
- 9.8.4. General Metal Heat Treating, Inc.
- 9.8.4.1. Participant's overview
- 9.8.4.2. Financial performance
- 9.8.4.3. Product benchmarking
- 9.8.4.4. Recent developments
- 9.8.5. Shanghai Heat Treatment Co. Ltd.
- 9.8.5.1. Participant's overview
- 9.8.5.2. Financial performance
- 9.8.5.3. Product benchmarking
- 9.8.5.4. Recent developments
- 9.8.6. Pacific Metallurgical, Inc.
- 9.8.6.1. Participant's overview
- 9.8.6.2. Financial performance
- 9.8.6.3. Product benchmarking
- 9.8.6.4. Recent developments
- 9.8.7. Nabertherm GmbH
- 9.8.7.1. Participant's overview
- 9.8.7.2. Financial performance
- 9.8.7.3. Product benchmarking
- 9.8.7.4. Recent developments
- 9.8.8. Unitherm Engineers Limited
- 9.8.8.1. Participant's overview
- 9.8.8.2. Financial performance
- 9.8.8.3. Product benchmarking
- 9.8.8.4. Recent developments
- 9.8.9. SECO/WARWICK Allied Pvt. Ltd.
- 9.8.9.1. Participant's overview
- 9.8.9.2. Financial performance
- 9.8.9.3. Product benchmarking
- 9.8.9.4. Recent developments
- 9.8.10. Triad Engineers
- 9.8.10.1. Participant's overview
- 9.8.10.2. Financial performance
- 9.8.10.3. Product benchmarking
- 9.8.10.4. Recent developments
- 9.8.11. HighTemp Furnaces Limited
- 9.8.11.1. Participant's overview
- 9.8.11.2. Financial performance
- 9.8.11.3. Product benchmarking
- 9.8.11.4. Recent developments
- 9.8.12. Deck India Engineering Pvt. Ltd.
- 9.8.12.1. Participant's overview
- 9.8.12.2. Financial performance
- 9.8.12.3. Product benchmarking
- 9.8.12.4. Recent developments
- 9.8.13. Sourabh Heat Treatments
- 9.8.13.1. Participant's overview
- 9.8.13.2. Financial performance
- 9.8.13.3. Product benchmarking
- 9.8.13.4. Recent developments
- 9.8.14. AFECO Heating Systems
- 9.8.14.1. Participant's overview
- 9.8.14.2. Financial performance
- 9.8.14.3. Product benchmarking
- 9.8.14.4. Recent developments
- 9.8.15. THERELEK
- 9.8.15.1. Participant's overview
- 9.8.15.2. Financial performance
- 9.8.15.3. Product benchmarking
- 9.8.15.4. Recent developments