Market Overview:
The global heat treating equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for heat treatment in various end-use industries such as automotive, aerospace, metalworking, construction, and others. In terms of type, the electrically heated furnace segment is expected to lead the market during the forecast period owing to its high efficiency and low operating costs. In terms of application, the automotive segment is projected to lead the market due to rising demand for lightweight vehicles across different regions. Geographically, North America is estimated to account for a major share of the global heat treating equipment market in 2018 followed by Europe and Asia Pacific.
Product Definition:
Heat treating equipment is a type of equipment used to heat treat objects. This is typically done in order to alter the object's physical or chemical properties. The importance of heat treating equipment varies, but it can be critical for certain applications.
Electrically Heated Furnace:
Electrically heated furnaces are used in heat treating equipment for various applications such as hardening, tempering and case hardening. The electrically heated furnace is a type of heating system that uses an electrical current to generate heat for the metal to be treated. It’s different from the convection or radiant heating systems as it doesn’t rely on air movement across hot surfaces but instead directly provides heat to the work piece.
Fuel-fired Furnace:
A fuel-fired furnace is a heat treatment equipment used to convert the metal into shapes and sizes, which can be utilized in various industries. It is one of the most important equipment used in heat treating applications as it provides high-quality steel with improved properties such as strength, hardness, toughness and ductility at low cost.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The automotive industry requires various components, such as an engine block, transmission cases, brake systems and wheel hubs for manufacturing vehicles. All these components require heat treatment to enhance their strength and durability. Automotive applications include passenger cars/light commercial vehicles (LCVs) as well as heavy-duty trucks/ buses up to 8 tons GVWR.
The aerospace sector is anticipated to witness significant growth over the forecast period owing to increasing demand for aircraft across several regions including Asia Pacific, North America and Europe.
Regional Analysis:
The Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising investments in infrastructure development, especially in China and India. In addition, increasing demand for passenger cars and favorable government policies are anticipated to drive the automotive industry across these countries, thereby driving demand for heat treating equipment over the forecast period.
Europe accounted for a significant share of revenue owing to high product adoption by end-use industries such as aerospace & defense, metalworking & fabricating, oil & gas exploration services sector among others. Moreover, rapid technological advancements coupled with stringent regulations aimed at improving workplace safety standards are expected drive regional growth over the next eight years.
Growth Factors:
- Increasing demand for heat treatment in the automotive and aerospace industries
- Growing popularity of induction heating as a heat treatment method
- Rising demand for advanced thermal processing technologies
- Proliferation of micro- and nano-scale materials that require heat treatment
- Increasing use of computer numerical control (CNC) technology in heat treating
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat Treating Equipment Market Research Report
By Type
Electrically Heated Furnace, Fuel-fired Furnace, Others
By Application
Automotive, Aerospace, Metalworking, Construction, Others
By Companies
B.M.I. Fours Industriels, Ajax Tocco International Ltd., Jones Metal Products, Uddeholm, Pillar Induction, Aichelin Holding, Memmert, Nabertherm, Koyo Thermo Systems, OTTO JUNKER, Inductotherm
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Heat Treating Equipment Market Report Segments:
The global Heat Treating Equipment market is segmented on the basis of:
Types
Electrically Heated Furnace, Fuel-fired Furnace, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace, Metalworking, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- B.M.I. Fours Industriels
- Ajax Tocco International Ltd.
- Jones Metal Products
- Uddeholm
- Pillar Induction
- Aichelin Holding
- Memmert
- Nabertherm
- Koyo Thermo Systems
- OTTO JUNKER
- Inductotherm
Highlights of The Heat Treating Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrically Heated Furnace
- Fuel-fired Furnace
- Others
- By Application:
- Automotive
- Aerospace
- Metalworking
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heat Treating Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heat treating equipment is used to increase the hardness, strength, and durability of metal parts. It does this by heating the metal to a high temperature and then applying a controlled amount of pressure that causes it to undergo a chemical change. This change makes the metal more resistant to wear and tear, making it more durable.
Some of the major players in the heat treating equipment market are B.M.I. Fours Industriels, Ajax Tocco International Ltd., Jones Metal Products, Uddeholm, Pillar Induction, Aichelin Holding, Memmert, Nabertherm, Koyo Thermo Systems, OTTO JUNKER, Inductotherm.
The heat treating equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heat Treating Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heat Treating Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heat Treating Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heat Treating Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heat Treating Equipment Market Size & Forecast, 2020-2028
4.5.1 Heat Treating Equipment Market Size and Y-o-Y Growth
4.5.2 Heat Treating Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electrically Heated Furnace
5.2.2 Fuel-fired Furnace
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace
6.2.3 Metalworking
6.2.4 Construction
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heat Treating Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heat Treating Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electrically Heated Furnace
9.6.2 Fuel-fired Furnace
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace
9.10.3 Metalworking
9.10.4 Construction
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electrically Heated Furnace
10.6.2 Fuel-fired Furnace
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace
10.10.3 Metalworking
10.10.4 Construction
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electrically Heated Furnace
11.6.2 Fuel-fired Furnace
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace
11.10.3 Metalworking
11.10.4 Construction
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electrically Heated Furnace
12.6.2 Fuel-fired Furnace
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace
12.10.3 Metalworking
12.10.4 Construction
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electrically Heated Furnace
13.6.2 Fuel-fired Furnace
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace
13.10.3 Metalworking
13.10.4 Construction
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heat Treating Equipment Market: Competitive Dashboard
14.2 Global Heat Treating Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 B.M.I. Fours Industriels
14.3.2 Ajax Tocco International Ltd.
14.3.3 Jones Metal Products
14.3.4 Uddeholm
14.3.5 Pillar Induction
14.3.6 Aichelin Holding
14.3.7 Memmert
14.3.8 Nabertherm
14.3.9 Koyo Thermo Systems
14.3.10 OTTO JUNKER
14.3.11 Inductotherm
