India Heat Treating Market Report and Forecast 2025-2034
Description
The India heat treating market is projected to reach a value of USD 5.46 Billion in 2024. It is projected to grow at a CAGR of 7.10% between 2025 and 2034 to reach USD 10.84 Billion by 2034.
India Heat Treating Market Outlook
It is anticipated that the Indian aerospace & defence (A&D) sector will reach approximately USD 70 billion by 2030.
During July-September 2023, the construction sector in India grew by 13.3% as compared to the same period in 2022.
In FY23, the automotive sector in India witnessed 12.5% growth reaching 2,38,53,463 units.
India Heat Treating Market Growth
Heat treating is being widely adopted to modify or enhance the properties of a particular application. Steel companies across India expose their steel towards heat treatment to change the uneven grains into uniform sizes and shapes and reduce their strength and toughness. The expansion of the automotive sector in India is significantly contributing to the growth of India heat-treating market. In FY23, the total annual production of automobiles in India was 25.9 million. According to the World Steel Organisation, about 900 kg of steel is used in a single vehicle. The automotive sector makes use of heat treating majorly to manufacture wheel bearings, gear, rings, shafts, and bushings.
The heat treatment of steel changes its properties, improving its hardness and enhancing other properties such as toughness and ductility. The improvement in such properties is important for the production of gears, tools, and other machine parts. Normalising, a kind of heat treatment, is carried out to improve the microstructure of metals.
The major steel producing states in India are Odisha, Jharkhand, West Bengal, and Chhattisgarh. Additionally, the major states with automobile production include Andhra Pradesh, Gujarat, Haryana, and Karnataka, among others. The increasing steel production for use in the automobile, aerospace and construction sectors in India is supporting the market for heat treating.
India Heat Treating Industry Segmentation
India Heat Treating Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Material:
Steel
Cast Iron
Others
Market Breakup by Process:
Hardening and Tempering
Case Hardening
Annealing
Normalising
Others
Market Breakup by Equipment:
Fuel-fired Furnace
Electrically heated Furnace
Others
Market Breakup by Application:
Automotive
Aerospace
Metalworking
Machine
Construction
Others
Market Breakup by Region:
North India
East and Central India
West India
South India
India Heat Treating Market Share
Based on region, the market is divided into North India, East and Central India, West India, and South India. Among these, West India is projected to be the fastest growing market, expanding at a CAGR of 7.8% during 2025-2034. Meanwhile, East and Central India is expected to grow significantly, due to the presence of a large number of metal working industries, significant automobile manufacturing, and increasing construction activities.
Leading Companies in the India Heat Treating Market
The market participants are integrating advanced technologies for precision and improved performance of metals with heat treatment.
Uddeholm India
Kern-Liebers (India) Private Limited.
Unitherm Engineers Limited
Ambattur Heat Treaters Pvt. Ltd.
Super Heat Treatment Plant
Wesman Engineering Co. Pvt. Ltd.
Deck India Engineering Pvt. Ltd.
Others
India Heat Treating Market Outlook
It is anticipated that the Indian aerospace & defence (A&D) sector will reach approximately USD 70 billion by 2030.
During July-September 2023, the construction sector in India grew by 13.3% as compared to the same period in 2022.
In FY23, the automotive sector in India witnessed 12.5% growth reaching 2,38,53,463 units.
India Heat Treating Market Growth
Heat treating is being widely adopted to modify or enhance the properties of a particular application. Steel companies across India expose their steel towards heat treatment to change the uneven grains into uniform sizes and shapes and reduce their strength and toughness. The expansion of the automotive sector in India is significantly contributing to the growth of India heat-treating market. In FY23, the total annual production of automobiles in India was 25.9 million. According to the World Steel Organisation, about 900 kg of steel is used in a single vehicle. The automotive sector makes use of heat treating majorly to manufacture wheel bearings, gear, rings, shafts, and bushings.
The heat treatment of steel changes its properties, improving its hardness and enhancing other properties such as toughness and ductility. The improvement in such properties is important for the production of gears, tools, and other machine parts. Normalising, a kind of heat treatment, is carried out to improve the microstructure of metals.
The major steel producing states in India are Odisha, Jharkhand, West Bengal, and Chhattisgarh. Additionally, the major states with automobile production include Andhra Pradesh, Gujarat, Haryana, and Karnataka, among others. The increasing steel production for use in the automobile, aerospace and construction sectors in India is supporting the market for heat treating.
India Heat Treating Industry Segmentation
India Heat Treating Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Material:
Steel
Cast Iron
Others
Market Breakup by Process:
Hardening and Tempering
Case Hardening
Annealing
Normalising
Others
Market Breakup by Equipment:
Fuel-fired Furnace
Electrically heated Furnace
Others
Market Breakup by Application:
Automotive
Aerospace
Metalworking
Machine
Construction
Others
Market Breakup by Region:
North India
East and Central India
West India
South India
India Heat Treating Market Share
Based on region, the market is divided into North India, East and Central India, West India, and South India. Among these, West India is projected to be the fastest growing market, expanding at a CAGR of 7.8% during 2025-2034. Meanwhile, East and Central India is expected to grow significantly, due to the presence of a large number of metal working industries, significant automobile manufacturing, and increasing construction activities.
Leading Companies in the India Heat Treating Market
The market participants are integrating advanced technologies for precision and improved performance of metals with heat treatment.
Uddeholm India
Kern-Liebers (India) Private Limited.
Unitherm Engineers Limited
Ambattur Heat Treaters Pvt. Ltd.
Super Heat Treatment Plant
Wesman Engineering Co. Pvt. Ltd.
Deck India Engineering Pvt. Ltd.
Others
Table of Contents
130 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 India Heat Treating Market Analysis
- 5.1 Key Industry Highlights
- 5.2 India Heat Treating Historical Market (2018-2024)
- 5.3 India Heat Treating Market Forecast (2025-2034)
- 6 India Heat Treating Market by Material
- 6.1 Steel
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Cast Iron
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 6.3 Others
- 7 India Heat Treating Market by Process
- 7.1 Hardening and Tempering
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Case Hardening
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Annealing
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Normalising
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 India Heat Treating Market by Equipment
- 8.1 Fuel-fired Furnace
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Electrically heated Furnace
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Others
- 9 India Heat Treating Market by Application
- 9.1 Automotive
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Aerospace
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Metalworking
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Machine
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Construction
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Others
- 10 India Heat Treating Market by Region
- 10.1 North India
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 East and Central India
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 West India
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South India
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Uddeholm India
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Kern-Liebers (India) Private Limited.
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Unitherm Engineers Limited
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Ambattur Heat Treaters Pvt. Ltd.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Super Heat Treatment Plant
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Wesman Engineering Co. Pvt. Ltd.
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Deck India Engineering Pvt. Ltd.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Others
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