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.
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Heat Treating Market Scope
Heat Treating Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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)
- Steel
- Cast iron
- Other material
- Global Heat Treating Process Outlook (Revenue, USD Million, 2018-2030)
- Case hardening
- Hardening & tempering
- Annealing
- Normalizing
- Other process
- 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)
- Automotive
- Machine
- Construction
- Aerospace
- Metalworking
- Other Application
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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.
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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)
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