Global Heat Treating Market Size & Outlook, 2023-2030
Global heat treating market, 2018-2030 (US$M)
Related Markets
Global heat treating market highlights
- The global heat treating market generated a revenue of USD 107,183.6 million in 2023 and is expected to reach USD 136,248.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 3.5% by 2030.
- In terms of segment, steel accounted for a revenue of USD 85,775.4 million in 2023.
- Other material is the most lucrative material segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 107,183.6 million |
| Market revenue in 2030 | USD 136,248.1 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Other material |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Cast iron, Other material |
Other key industry trends
- In terms of revenue, the North America accounted for 25.1% of the global heat treating market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 3,909.4 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Heat Treating Market Scope
Heat Treating Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SECO | View profile | 501-1000 | Arezzo, Toscana, Italy, Europe | https://www.seco.com/it |
| Unitherm Engineers | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | https://www.unithermfurnaces.com/ |
| Nabertherm | View profile | 251-500 | Lilienthal, Niedersachsen, Germany, Europe | https://nabertherm.com |
| East-Lind Heat Treat | View profile | 11-50 | Madison Heights, Michigan, United States, North America | https://www.eastlind.com |
| Alpha Metallurgical Resources Inc | View profile | 4210 | 340 Martin Luther King Jr. Boulevard, Bristol, TN, United States, 37620 | https://www.alphametresources.com |
| American Metal & Technology Inc | View profile | 327 | No. 11 Shi Xing Street, Badachu Hi-Tech Zone, Shijingshan District, Beijing, China, People's Republic of, 100041 | http://www.amtg-usa.com |
| Aterian Inc | View profile | 114 | 350 Springfield Avenue, Suite 200, Summit, NJ, United States, 07901 | https://www.aterian.io |
Global heat treating market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to heat treating market will help companies and investors design strategic landscapes.
Steel was the largest segment with a revenue share of 80.03% in 2023. Horizon Databook has segmented the Global heat treating market based on steel, cast iron, other material covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Heat Treating Material Outlook (Revenue, USD Million, 2018-2030)
- Cast iron
- Steel
- Other material
- Global Heat Treating Process Outlook (Revenue, USD Million, 2018-2030)
- Annealing
- Case hardening
- Normalizing
- Other process
- Hardening & tempering
- Global Heat Treating Equipment Outlook (Revenue, USD Million, 2018-2030)
- Electrically heated furnace
- Fuel-fired furnace
- Other Equipment
- Global Heat Treating Application Outlook (Revenue, USD Million, 2018-2030)
- Machine
- Other Application
- Automotive
- Construction
- Metalworking
- Aerospace
Reasons to subscribe to Global heat treating market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global heat treating market databook
-
Our clientele includes a mix of heat treating market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global heat treating market , including forecasts for subscribers. This global databook contains high-level insights into Global heat treating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global heat treating market size, by regions, 2018-2030 (US$M)
Top 10 countries: Heat treating market size, 2023 (US$M)
Global heat treating market share, by material, 2023 & 2030 (%, US$M)
Heat treating market: Opportunity assessment by country
Global heat treating market, by region, 2023 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
