Metal Heat Treatment Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44946
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 Metal Heat Treatment Market - 2021-2025

The metal heat treatment market size is expected to reach a value of USD 8.95 billion, at a CAGR of 2.74%, during 2021-2025. This research study helps in the deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the integration of metal heat treatment processes into production lines are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on market growth.

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Metal Heat Treatment Market Segments

From this Technavio report, get actionable insights on the metal heat treatment market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by end-user (automotive, aerospace, industrial machinery, construction, and others) and geography (APAC, North America, Europe, South America, and MEA) in this metal heat treatment market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic metal heat treatment market predictions on consumer demand changes for 2021-2025.

Metal Heat Treatment Market Key Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The metal heat treatment market is fragmented and the vendors are deploying various organic and inorganic growth strategies to gain a competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that have had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the metal heat treatment market share during 2021-2025.

The metal heat treatment market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Metal Heat Treatment Market Vendors

Regional Opportunities in Metal Heat Treatment Market - 2021-2025

58% of the metal heat treatment market growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for metal heat treatment in APAC. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.

Metal Heat Treatment Market Share by Geography

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APAC has been exhibiting a significant growth rate for metal heat treatment market vendors. Factors such as the increasing industrialization and the growth of the automobile, industrial machinery, shipbuilding, and the construction sectors are accelerating the metal heat treatment market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The metal heat treatment market share growth in APAC will be faster than the growth of the market in other regions. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

Metal Heat Treatment Market Share and Revenue by End-user

Metal Heat Treatment Market Share by End-user

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The metal heat treatment market share growth by the automotive segment will be significant during the forecast period. The automotive segment is the leading end-user segment of the metal heat treatment market as heat treatment processes help in determining the behavior and properties of finished parts in the manufacturing of automotive components. Heat treatment is applicable to various automotive parts, including engine components; all parts of gearboxes, axles, and drive shafts; suspension parts; steering components; and injection systems. This report provides an accurate prediction of the contribution of all the segments to the growth of the metal heat treatment market size.

From the metal heat treatment market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

 Key Metal Heat Treatment Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding metal heat treatment market growth is the growth of the global second-hand machine market. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The integration of the metal heat treatment process into the production lines will be a significant factor that will drive market growth. The intense competition in the automotive sector has compelled manufacturers to focus on enhancing operational efficiency by streamlining their processes. This has resulted in increased investments by automotive manufacturers in technology, hardware, software, services, and advanced machinery. Several companies are adopting automation in their manufacturing operations which will help them in offering cost-effective and superior quality products to their customers. The integration of metal heat treatment processes in the production lines will enable a continuous automation system and allow automotive companies to deliver high-quality products faster.

The increasing adoption of industrial automation has boosted the demand for computer numerical control (CNC) machines across various industries. CNC machines help in developing products efficiently by the design specifications. These machines use computer-aided design (CAD) and computer-aided manufacturing (CAM) software to design products with high accuracy. The use of CNC machines also helps in reducing manufacturing time and effort and increasing productivity. With the increasing adoption of CNC machines and equipment, the demand for advanced metal heat treatment processes will also grow. 

This metal heat treatment market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

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Metal Heat Treatment Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive metal heat treatment market growth during the next five years
  • Precise estimation of the metal heat treatment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the metal heat treatment industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of metal heat treatment market vendors

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Metal Heat Treatment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.74%

Market growth 2021-2025

$ 8.95 billion

Market structure

Fragmented

YoY growth (%)

1.45

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 58%

Key consumer countries

US, China, Germany, Japan, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advanced Heat Treat Corp., American Metal Processing Co., Bluewater Thermal Solutions, Bodycote Plc, Metal Heat Co. Ltd., ONEX Corp., Paulo, PREMIER THERMAL SOLUTIONS LLC, Summitglow Ltd., and Thermex Metal Treating Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The metal heat treatment market growth will increase by $16412.22 million during 2019-2024.
The metal heat treatment market is expected to grow at a CAGR of 3.90% during 2019-2024.
Technavio has segmented the metal heat treatment market by end user (Automotive, Aerospace, Industrial machinery, Construction, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
Advanced Heat Treat Corp., American Metal Treating Inc., Bluewater Thermal Solutions, Bodycote Plc, Metal Heat Co. Ltd., ONEX Corp., Paulo, PREMIER THERMAL SOLUTIONS LLC, Summitglow Ltd., Thermex Metal Treating Ltd. are a few of the key vendors in the metal heat treatment market.
APAC will register the highest growth rate of 54.19% among the other regions. Therefore, the metal heat treatment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the metal heat treatment market growth are:
  • Integration of metal heat treatment processes into production lines
The metal heat treatment market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
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