India Heat Treating Market Size, Share & Trends Analysis Report By Material (Steel, Cast Iron), By Process, By Equipment (Electrically Heated Furnace, Fuel-Fired Furnace), By Application, By Region, And Segment Forecasts, 2024

Description

India Heat Treating Market Growth & Trends:

The India heat treating market is expected to reach USD 6.79 billion by 2030 at a 5.4% CAGR, according to a report by Grand View Research, Inc. The entry of various automotive manufacturers in the country has fueled the demand for heat treating services over the past few years.

Heat treating involves controlled heating and cooling of materials to attain distinct mechanical properties such as strength, flexibility, and hardness. Steel is the most commonly used material for heat-treating in India, along with cast iron, aluminum, copper, brass, and other metals.

The use of high-strength steel in the automotive industry has increased at an exponential rate, owing to the requirements of light-weight vehicles with improved fuel efficiency. The rapid growth of the Indian automotive sector has propelled the demand for heat treating. Heat-treated components are used in numerous auto-parts, such as transmission, suspension, engine, body frame, and braking systems.

Players in the heat treating market in India are focusing on the implementation of green technologies and processes to reduce environmental footprint. Companies are focused on increasing the use of natural gas-fired and electrically-heated furnaces. The use of induction heating and plasma heating is estimated to rise at a rapid pace over the next few years.

India Heat Treating Market Report Highlights:

The India heat treating market was valued at USD 4.7 billion in 2023 and is expected to expand at a CAGR of 5.4% from 2024 to 2030
Cast iron is expected to grow at a CAGR of 4.9% over the forecast years owing to its high compressive strength, wear resistance, and good machinability
Case hardening led the market with the largest revenue share of 27.9% in 2023. Its objectives are to harden the surface and subsurface selectively to obtain a challenging and wear-resistant surface and rigid impact-resistant core
The automotive application segment dominated the market with a share of 50.5% in 2023. The industry's goal of improving the sector's better utilization of components and the need for high-strength steel has witnessed profitable growth due to the demands for high-quality

Product Code: GVR-2-68038-065-1

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. India Heat Treating Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. India Heat Treating Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. India Heat Treating Market: Material Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. India Heat Treating Market: Material Movement Analysis, 2023 & 2030 (USD Million)
4.3. Steel
- 4.3.1. Steel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Cast Iron
- 4.4.1. Cast Iron Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Others
- 4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. India Heat Treating Market: Process Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. India Heat Treating Market: Process Movement Analysis, 2023 & 2030 (USD Million)
5.3. Case Hardening
- 5.3.1. Case Hardening Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Hardening and Tempering
- 5.4.1. Hardening and Tempering Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Annealing
- 5.5.1. Annealing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Normalizing
- 5.6.1. Normalizing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. India Heat Treating Market: Equipment Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. India Heat Treating Market: Equipment Movement Analysis, 2023 & 2030 (USD Million)
6.3. Electrically Heated Furnace
- 6.3.1. Electrically Heated Furnace Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Fuel-fired Furnace
- 6.4.1. Fuel-fired Furnace Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Others
- 6.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. India Heat Treating Market: Application Estimates & Trend Analysis

7.1. Segment Dashboard
7.2. India Heat Treating Market: Application Movement Analysis, 2023 & 2030 (USD Million)
7.3. Automotive
- 7.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Machine
- 7.4.1. Machine Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Construction
- 7.5.1. Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Construction
- 7.6.1. Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7. Aerospace
- 7.7.1. Aerospace Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.8. Metalworking
- 7.8.1. Metalworking Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.9. Others
- 7.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
- 8.4.1. Unitherm Engineers Ltd.
  - 8.4.1.1. Participant's Overview
  - 8.4.1.2. Financial Performance
  - 8.4.1.3. Product Benchmarking
  - 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. vHPM INDIA Pvt. Ltd.
  - 8.4.2.1. Participant's Overview
  - 8.4.2.2. Financial Performance
  - 8.4.2.3. Product Benchmarking
  - 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. HighTemp Furnaces Limited
  - 8.4.3.1. Participant's Overview
  - 8.4.3.2. Financial Performance
  - 8.4.3.3. Product Benchmarking
  - 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. Modern Metals India Pvt. Ltd.
  - 8.4.4.1. Participant's Overview
  - 8.4.4.2. Financial Performance
  - 8.4.4.3. Product Benchmarking
  - 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. SECO/WARWICK, INC.ALLE
  - 8.4.5.1. Participant's Overview
  - 8.4.5.2. Financial Performance
  - 8.4.5.3. Product Benchmarking
  - 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Wesman Engineering Company Pvt. Ltd.
  - 8.4.6.1. Participant's Overview
  - 8.4.6.2. Financial Performance
  - 8.4.6.3. Product Benchmarking
  - 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. THERELEK
  - 8.4.7.1. Participant's Overview
  - 8.4.7.2. Financial Performance
  - 8.4.7.3. Product Benchmarking
  - 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Deck India Engineering Pvt. Ltd.
  - 8.4.8.1. Participant's Overview
  - 8.4.8.2. Financial Performance
  - 8.4.8.3. Product Benchmarking
  - 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Sourabh Heat Treatments
  - 8.4.9.1. Participant's Overview
  - 8.4.9.2. Financial Performance
  - 8.4.9.3. Product Benchmarking
  - 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. TRIAD ENGINEERS
  - 8.4.10.1. Participant's Overview
  - 8.4.10.2. Financial Performance
  - 8.4.10.3. Product Benchmarking
  - 8.4.10.4. Recent Developments/ Strategic Initiatives

India Heat Treating Market Size, Share & Trends Analysis Report By Material (Steel, Cast Iron), By Process, By Equipment (Electrically Heated Furnace, Fuel-Fired Furnace), By Application, By Region, And Segment Forecasts, 2024 - 2030