Market Overview

High Demand for Machine Tools to Boost Growth in the Metal Heat Treatment Market, Says Technavio

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According to the latest market study released by Technavio,
the global
metal heat treatment market
is expected to grow at a CAGR of
close to 6% during the forecast period.

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Technavio has published a new report on the global metal heat treatment market from 2017-2021. (Grap ...

Technavio has published a new report on the global metal heat treatment market from 2017-2021. (Graphic: Business Wire)

This research report titled ‘Global
Metal Heat Treatment Market 2017-2021
' provides an in-depth analysis
of the market in terms of revenue and emerging market trends. This
report also includes an up to date analysis and forecasts for various
market segments and all geographical regions.

According to Gaurav Mohindru, a lead analyst at Technavio for unit
operations
research, "The growth of metal heat treatment
technology can be attributed to its extensive use in automotive and
aerospace sectors. This technology also has wide applications in the
competitive manufacturing sector, where companies need to manufacture
superior quality products with high precision to satisfy the
expectations of customers."

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

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The market research analysis categorizes the global metal heat treatment
market into three major end-user segments. They are:

  • Aerospace
  • Automotive
  • Industrial

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Global metal heat treatment market by aerospace industry

The aerospace sector is a significant end-user for metals. Any
deformation in the properties of a metal case can lead to serious
accidents. To prevent this, aircraft manufacturing companies are
employing advanced heat treatment processes in their facilities. This
technology ensures better mechanical properties than steel and other
alloys that are generally used in the manufacturing of components and
parts. As a result, the parts thus manufactured are more reliable and
durable. Many heat treatment vendors offer customized solutions for heat
treatment services and equipment, specifically for aircraft
manufacturers, which enables adaptability in their production lines.

Global metal heat treatment market by automotive industry

The automotive industry looks promising in Mexico and Canada with a
phenomenal increase in the sale of light vehicle sales. The sales of new
cars in the European Union (EU) and European Free Trade Association
(EFTA) combined recorded a substantial increase while the sales of light
commercial vehicles (LCVs) increased by double digits, owing to high
domestic demand. The automotive market in the Cooperation Council for
the Arab States of the Gulf (previously the GCC) nations remained stable
with all major carmakers reporting increased sales and double-digit
growth.

APAC recorded tremendous growth in automotive sales. The South Korean
market saw massive growth rates owing to the 15% reduction in sales tax
in 2016. China and India witnessed identical rates of high sales growth.
The markets in Vietnam and the Philippines also exhibited robust growth
rates as well. The robust growth of the automotive industry augurs well
for the metal heat treatment market during the forecast period.

Global metal heat treatment market by industrial machinery

In the industrial sector, manufacturers of industrial machinery, machine
tools, and their components use metal heat treatment processes to
develop reliable and superior quality machines. Among these industries,
the machine tools industry will contribute significantly to the demand
for heat treatment. These machine tools are mainly used in automotive,
aerospace and defense, telecommunication, machinery, and chemical
sectors.

"The resurgence in manufacturing activities and the growth in the
motor vehicle market will positively impact the demand for machine tools
during the forecast period. These two sectors, are expected to register
moderate growth rates in the coming years and will drive the demand for
metal heat treatment processes,"
says Gaurav.

The top vendors highlighted by Technavio's market research analysts in
this report are:

  • Bluewater Thermal Solutions
  • General Metal Heat Treating
  • Keith
  • Thermex Metal Treating

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