Metal Heat Treatment Market - Introduction

Metal heat treatment refers to a process of altering the physical and chemical properties of metals through different operations such as heating, holding, and cooling of metal in the solid state in order to obtain a particular desirable metallurgical properties. Rising demand from end-use industries is a key factor driving the demand for metal heat treatment process and services. Manufacturing industries are integrating these processes with their existing production lines in order to enhance the overall efficiency of final production. The automotive industry is a major end-user of metal heat treatment services and equipment. The metal heat treatment process is employed to achieve metal surface hardening, improve cutting properties of tool steels, obtain fine grain size, increase ductility and softness, and improve electrical and magnetic properties.

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Metal Heat Treatment Market – Competitive Landscape

Bluewater Thermal Solutions

Founded in 1996, Bluewater Thermal Solutions presently is based in Greenville, South Carolina, U.S. It has manufacturing facilities in Texas, Michigan, Illinois, Indiana, and Pennsylvania; U.S., and Canada. The company operates a network of steel heat treatment and brazing plants. Bluewater Thermal Solutions is a leading player in the field of commercial thermal solutions. It provides thermal processing and metal joining services; and processes components that comply with stringent engineering specifications. The company caters to various manufacturing industries based in North America including aerospace, automotive, construction, energy, heavy equipment, agriculture equipment, and medical.

Bohler Uddeholm

Incorporated in 1991, Bohler Uddeholm is based in Vienna, Austria. The company specializes in the production of tool steel and special forgings. The company has production sites in Austria, Turkey, China, Germany, Brazil, Belgium, Sweden, U.S., and Mexico. As of 2008, Bohler Uddeholm was a wholly owned subsidiary of voestalpine. The company caters to diverse sectors including automotive, aerospace & power generation. It also offers high performance metals, tool steel and high speed steel, long products, tubes & pipings, additive manufacturing, and precision strips.

American Metal Treating Inc.

Established in 1976, American Metal Treating Inc. is presently based in High Point, North Carolina, U.S. The company serve as a metallurgical processing supplier of high-quality, high-value products. It specializes in full range of commercial heat treater and heat treatment of all types of gears.

Solar Atmosphere Inc.

Incorporated in 1983, Solar Atmosphere Inc. is based in Souderton, Pennsylvania, U.S. The company provides commercial vacuum heat treating services. It caters to over 18 industries including medical, aerospace, defense, and power generation. The company engages in vacuum heat treating, vacuum nitriding, vacuum carburizing, vacuum brazing, process research & development, age hardening, metal stress relieving, annealing, and hardening and tempering.

Ajax Tocco International Ltd.

Established in 1992, Ajax Tocco International Ltd. is located in Birmingham, U.K. The company engages in the manufacture of induction heating and melting equipment for mass heating and heat treatment. It operates as a subsidiary of Ajax TOCCO Magnethermic Corporation.

Other prominent players operating in the metal heat treatment market include Bodycote Heat Treatments Ltd., Engineered Heat Treat, Inc., East-Lind Heat Treat, Inc., Houston Heat Treat, Thermex Metal Treating Ltd., and Tri-J Heat Treating Company, Inc.

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Metal Heat Treatment Market – Dynamics

Integration of metal heat treatment process and services in automotive and aerospace industries

Automotive and aerospace industries play a pivotal role in driving the demand for metal heat treatment across all regions. Various components and parts of an automobile undergo significant stress and require high durability. Automotive components such as camshafts, drive shafts, crankshafts, panels, steering knuckles, brake pad liner plates, fasteners, valves, rods and arms, oil pump gears, and A/T gears undergo heat treatment. Moreover, demand for heat treating services is rising in the aerospace industry owing to rapid increase in demand for commercial vehicles and rising air passenger traffic has augmented the market. Thus, increasing demand for metal heat treatment process and services from automotive and aerospace sectors is anticipated to drive the market during the forecast period.

Rising demand from developing countries

Developing countries such as China, India, and Brazil are expected to be highly lucrative markets, owing to the robust demand for metal heat treatment equipment and services in these countries. Furthermore, these emerging economies are anticipated to expand at an impressive CAGR, owing to rapid technological advancements. Increasing demand for heat treatment of components from the automotive industry in China and India is likely to boost the metal heat treatment market in the near future.

Metal Heat Treatment Market – Segmentation

The global metal heat treatment market can be segmented based on:

  • By Material Type
  • By Process Type
  • By Equipment Type
  • By Application
  • By Geography

Metal Heat Treatment Market Segmentation – By Material Type

Based on material type, the metal heat treatment market can be classified into:

  • Steel
  • Cast Iron
  • Others

Metal Heat Treatment Market Segmentation – By Process Type

Based on process type, the metal heat treatment market can be divided into:

  • Hardening & tempering
  • Normalizing
  • Annealing
  • Case hardening
  • Others

Metal Heat Treatment Market Segmentation – By Equipment Type

In terms of equipment type, the metal heat treatment market can be split into:

  • Electrically heated furnace
  • Fuel-fired furnace
  • Others

Metal Heat Treatment Market Segmentation – By Application

Based on application, the metal heat treatment market can be segregated into:

  • Automotive
  • Machine
  • Metalworking
  • Aerospace
  • Construction
  • Others

The report on metal heat treatment market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The metal heat treatment market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The metal heat treatment market report also maps the qualitative impact of various market factors on metal heat treatment market segments and geographies.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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