Latest News- Metal Heat Treatment Market: Automotive is expected to lead the End-user segment during 2025-2029
The Metal Heat Treatment Market is being driven by Integration of metal heat treatment processes into production lines
The Metal Heat Treatment Market is expected to grow at a CAGR of 2.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 14.6 billion. In the realm of product development, adhering to precise design specifications is paramount. Advanced machine tools, particularly Computer Numerical Control (CNC) machines, facilitate this process with unparalleled efficiency. These machines enable the production of goods in their intended forms with utmost accuracy. The manufacturing sector's ongoing research and development initiatives have led to significant advancements in CNC machines, making them indispensable for modern industries. The increasing global demand for superior product quality has fueled a surge in investments in process automation, with businesses and investors recognizing the benefits of CNC machines' productivity and technological integration.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (Automotive, Industrial machinery, Construction, Aerospace, Others) Material (Steel, Cast iron, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Metal Heat Treatment Market Research Report
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The Metal Heat Treatment Market encompasses the processing of metals, including EV motors' laminations and motors' shafts (DC and AC), through various techniques such as annealing (isothermal and spheroidizing), quenching, and heat treating. This market caters to industries like aerospace, precision engineering, energy sector, and oil drilling equipment, ensuring the optimal performance of components using bearings and other critical parts.
The global industrial machinery and supplies and components market encompasses businesses involved in the production of industrial machinery and components, including EVs, DC motors, AC motors, laminations, bearings, shafts, and other metal fabrications. This market's size is determined by the consolidated revenue generated by manufacturers supplying equipment for industries such as presses, machine tools, compressors, pollution control systems, elevators, escalators, insulators, pumps, roller bearings, and more. The market's expansion will be fueled by increasing industrial production in process and discrete industries, driven by growing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing countries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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