India Heat Treating Market Size & Outlook, 2023-2030

The heat treating market in India is expected to reach a projected revenue of US$ 6,789.2 million by 2030. A compound annual growth rate of 5.4% is expected of India heat treating market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,703.6
Forecast, 2030 (US$M)
$6,789.2
CAGR, 2024 - 2030
5.4%
Report Coverage
India

India heat treating market highlights

  • The India heat treating market generated a revenue of USD 4,703.6 million in 2023 and is expected to reach USD 6,789.2 million by 2030.
  • The India market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
  • In terms of segment, steel was the largest revenue generating material in 2023.
  • Other material is the most lucrative material segment registering the fastest growth during the forecast period.


Heat treating market data book summary

Market revenue in 2023USD 4,703.6 million
Market revenue in 2030USD 6,789.2 million
Growth rate5.4% (CAGR from 2023 to 2030)
Largest segmentSteel
Fastest growing segmentOther material
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSteel, Cast iron, Other material
Key market players worldwideAterian Inc, American Metal & Technology Inc, Alpha Metallurgical Resources Inc, East-Lind Heat Treat, Nabertherm, Unitherm Engineers, SECO


Other key industry trends

  • In terms of revenue, India accounted for 4.4% of the global heat treating market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China heat treating market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,789.2 million by 2030.

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Heat Treating Market Companies

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India 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 80.99% in 2023. Horizon Databook has segmented the India heat treating market based on steel, cast iron, other material covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of heat treating market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India heat treating market , including forecasts for subscribers. This country databook contains high-level insights into India heat treating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India heat treating market size, by material, 2018-2030 (US$M)

India Heat Treating Market Outlook Share, 2023 & 2030 (US$M)

India heat treating market size, by material, 2018-2030 (US$M)

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