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Market Overview of Global Heat Treatment market:
According to our latest research, the global Heat Treatment market looks promising in the next 5 years. As of 2022, the global Heat Treatment market was estimated at USD 6113.42 million, and it's anticipated to reach USD 7763.09 million in 2028, with a CAGR of 4.06% during the forecast years.
Influence of COVID-19 Outbreak on Heat Treatment Industry Development
The impact of COVID-19 reduced the demand for heat treatment services in multiple end-user industries around the world in the short term. The global heat treatment market was severely affected by COVID-19 in 2020. Due to the pandemic, many countries have been forced to enter a lockdown state, resulting in the closure of manufacturing facilities in almost every industry in the world within a certain period of time. The COVID-19 crisis has hit the already challenging supplier landscape in the aerospace industry. The impacts include reduced demand, supply disruption, financial pressure and labor damage, leading to one of the largest global shocks in the industry's history. The COVID-19 pandemic has had a rapid and serious impact on the globally integrated automotive industry, including the interruption of Chinese parts exports, the interruption of large-scale manufacturing in Europe, and the closure of assembly plants in the United States. The interruption of industrial production also affected the production of metals, machinery and ore. In addition, even after the lock-up agreement was relaxed, the loss of investment plans in various industries and the termination of planned projects continued. The operation of multiple end-user industries has been severely hit, which directly led to a decline in the demand for heat treatment services, which in turn affected the normal operation of the global heat treatment industry.
Due to the spread of the COVID-19 epidemic, many countries have been forced to enter a lockdown state, affecting the normal manufacturing, production and operations of almost every industry in the world. On the other hand, the global pandemic has intensified and travel restrictions have expanded, eliminating the traditional method of directing overheated project managers and field technicians to the customer's worksite. However, out of concerns that cost overruns and schedule backlogs will cause a greater catastrophic impact, some industry leaders need to adopt advanced heat treatment services and digital applications to resume production in special periods. In this case, it is more prevalent to be able to understand and determine the true needs of customers and apply digital intelligent solutions that are in line with the current economic and environmental conditions. By remotely operating heat treatment equipment and digitally managing quality assurance, it can minimize risks, improve quality, reduce costs and save time for end industry users in special periods.
Strength
The importance of heat treatment in the production process of the end user industry.
The downstream applications are extensive and the permeability is high.
The heat treatment process and technology are constantly being upgraded and optimized.
Weakness
The initial setup cost of the heat treatment system is high.
Potential fire and explosion risks during heat treatment.
The adverse effects of heat treatment on the environment.
Opportunities
Emerging economy markets have huge potential for development in industries such as automobiles and machinery.
Intelligent digital heat treatment solutions.
The adoption of new heat sources that reduce carbon emissions and energy consumption.
Threat
Strict operating standards and government supervision.
Increasingly strict environmental regulations.
Region Overview:
From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
Bodycote is one of the major players operating in the Heat Treatment market, holding a share of 11.31% in 2021.
Bodycote is the world's largest and most respected provider of heat treatment and heat treatment services. These services are an important link in the manufacturing supply chain, as well as value-added and proprietary expertise that provide unique solutions for various applications. Bodycote's heat treatment services consist of a number of core technologies, including heat treatment, metal joining, hot isostatic pressing and surface technology.
Aalberts is a technology company that designs mission-critical technologies for pioneering industries and everyday life. Premier Thermal provides commercial metal processing, the process provided: annealing-complete, subcritical and isothermal ferrite nitrocarburizing, neutral hardening, normalizing, quenching and tempering-oil, glycol, polymer and water shot blasting Phosphate and lubricating oil coating pickling and oil-coated polymer coating solution/quenching/aluminum spheroid zing effect force elimination, etc.
Segmentation Overview:
Among different product types, Hardening & Tempering segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Automobile segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Heat Treatment market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Heat Treatment Market Report:
Market Size Estimates: Heat Treatment market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Heat Treatment market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Heat Treatment market
Segment Market Analysis: Heat Treatment market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Heat Treatment market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Heat Treatment Market: Revenue and sales volume of major countries in each region
Heat Treatment Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Heat Treatment market in major regions.
Heat Treatment Industry Value Chain: Heat Treatment market raw materials & suppliers, manufacturing process, distributors, downstream customers
Heat Treatment Industry News, Policies & Regulations
Key players in the global Heat Treatment market are covered in Chapter 12:
DOWA Thermotech
Advanced Heat Treat Corp.
Solar Atmospheres
Rex Heat Treat
Aalberts (including Premier Thermal Solutions)
Bluewater Thermal Solutions
Ajax Tocco International
SHU&EHT
Oerlikon Balzers
Woodworth Heat Treating
Grupo ETSA
Bodycote
Fengdong
Madinger
ThermTech
NITREX
Specialty Steel Treating
Braddock Metallurgical
Heat Treating Services Corporation of America
Paulo
Hanomag
ALD Thermal Treatment
In Chapter 2 and Chapter 15.1, based on types, the Heat Treatment market from 2018 to 2028 is primarily split into:
Annealing
Normalizing
Case Hardening
Hardening & Tempering
Others
In Chapter 3 and Chapter 15.2, based on applications, the Heat Treatment market from 2018 to 2028 covers:
Aerospace
Automobile
Metalworking
Heavy Construction Machinery
Mining
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Heat Treatment market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028