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PUBLISHER: Grand View Research | PRODUCT CODE: 1404865
PUBLISHER: Grand View Research | PRODUCT CODE: 1404865
GCC Heat Treating Market Size, Share & Trends Analysis Report By Material (Steel, Cast Iron, Others), By Equipment (Fuel-fired Furnace, Electrically-heated Furnace, Others), By Process, By Application, By Country, And Segment Forecasts, 2023 - 2030
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GCC Heat Treating Market Growth & Trends:
The GCC heat treating market size is expected to reach USD 1,138.3 Million by 2030, registering a CAGR of 3.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to be driven by rising demand for heat treating units from numerous industrial applications, including automotive and aerospace, over the forecast period.
Significant growth in the automotive industry worldwide, along with Middle East and Africa, has fueled demand for heat treating solutions. Key economies such as UAE and Saudi Arabia are faced with high demand for affordably priced vehicles, fueled by rapid urbanization, increase in disposable income, and changing lifestyle. This rise in demand has inspired various automotive manufacturers to strengthen their manufacturing base in the region. In addition, favorable government policies have attracted significant investments from foreign players.
The steel segment is expected to lead the market on the basis of material, registering a CAGR of 2.5% over the forecast period. Robust industrial development in the Gulf Cooperation Council (GCC), owing to liberalization of industrial policies, has contributed to the demand for steel. Rising expenditure on infrastructure development projects, coupled with growth in the automotive industry in key emerging economies in MEA and around the globe, has also resulted in a significant increase in steel consumption.
Growing use of metals and allied metals in industrial applications is expected to drive the GCC heat treating market over the forecast period. Value-added features and characteristics of metals offered during the processes are expected to offer significant growth opportunities.
Based on type of fuel used, the market can be broadly categorized into fuel-fired and electrically-heated furnaces. In fuel-fired furnaces, heat is generated through the combustion of fossil fuels such as oil, coal, and natural gas. In electrical furnaces, heat is generated by passing electricity through the material or via induction. The positive shift from traditional to electrically heated furnaces has favored market growth.
Automotive was the largest application segment in terms of revenue in 2022 and is slated to account for a significant share by 2030. Increasing reach of various automotive manufacturers in Saudi Arabia, UAE, Oman, and other GCC member states has propelled demand for heat treating in the Middle East. Positive outlook of the aerospace industry is also expected to drive the market.
GCC Heat Treating Market Report Highlights:
- The steel segment held the largest market share of 60.9% in 2022. Heat-treated steel is extensively used in construction applications, including structural components, reinforcing bars (rebars), and precast elements.
- The hardening & tempering segment held the largest market share of 27.0% in 2022. Hardening and tempering are some of the most commonly used processes for steel, cast iron, and other metal alloys.
- The fuel-fired furnace segment held the largest revenue share of 53.1% in 2022. Fuel-fired furnaces are commonly used in heat treating processes to provide the necessary heat for treating materials, particularly metals.
- The automotive segment held the largest revenue share of around 31.2% in 2022. The sector is expected to be a major contributor to regional revenue growth by 2030, owing to the increasing reach of various automotive manufacturers in Saudi Arabia, UAE, Oman, and other GCC member states.
- In terms of revenue, UAE accounted for the second largest market share of 22.8% in 2022 and Yemen is expected to grow at the fastest CAGR of 5.8% over the forecast period
Product Code: GVR-3-68038-070-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Material
- 1.1.2. Process
- 1.1.3. Equipment
- 1.1.4. Application
- 1.1.5. Country scope
- 1.1.6. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Material outlook
- 2.2.2. Process outlook
- 2.2.3. Equipment outlook
- 2.2.4. Application Outlook
- 2.2.5. Country outlook
- 2.3. Competitive Insights
Chapter 3. GCC Heat Treating Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. GCC Heat Treating Market Analysis Tools
- 3.6.1. Industry Analysis - Porter's
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
- 3.6.1. Industry Analysis - Porter's
Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
Chapter 5. GCC Heat Treating Market: Material Estimates & Trend Analysis
- 5.1. GCC Heat Treating Market: Key Takeaways
- 5.2. GCC Heat Treating Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Steel
- 5.3.1. Steel market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4. Cast Iron
- 5.4.1. Cast iron market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5. Others
- 5.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. GCC Heat Treating Market: Process Estimates & Trend Analysis
- 6.1. GCC Heat Treating Market: Key Takeaways
- 6.2. GCC Heat Treating Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Hardening & Tempering
- 6.3.1. Hardening & tempering market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.4. Case Hardening
- 6.4.1. Case hardening market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5. Annealing
- 6.5.1. Annealing market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.6. Normalizing
- 6.6.1. Normalizing market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.7. Others
- 6.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. GCC Heat Treating Market: Equipment Estimates & Trend Analysis
- 7.1. GCC Heat Treating Market: Key Takeaways
- 7.2. GCC Heat Treating Market: Movement & Market Share Analysis, 2022 & 2030
- 7.3. Fuel-fired Furnace
- 7.3.1. Fuel-fired furnace market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.4. Electrically heated Furnace
- 7.4.1. Electrically heated furnace market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.5. Others
- 7.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 8. GCC Heat Treating Market: Application Estimates & Trend Analysis
- 8.1. GCC Heat Treating Market: Key Takeaways
- 8.2. GCC Heat Treating Market: Movement & Market Share Analysis, 2022 & 2030
- 8.3. Automotive
- 8.3.1. Automotive market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.4. Aerospace
- 8.4.1. Aerospace market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.5. Metalworking
- 8.5.1. Metalworking market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.6. Machine
- 8.6.1. Machine market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.7. Construction
- 8.7.1. Construction market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.8. Others
- 8.8.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 9. GCC Heat Treating Market: Regional Estimates & Trend Analysis
- 9.1. Country Outlook
- 9.2. GCC Heat Treating Market by Country: Key Takeaway
- 9.3. Gulf Cooperation Council
- 9.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.1.1. Saudi Arabia
- 9.3.1.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.1.2. UAE
- 9.3.1.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.1.3. Oman
- 9.3.1.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.1.4. Qatar
- 9.3.1.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.1.5. Bahrain
- 9.3.1.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.1.6. Kuwait
- 9.3.1.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.1.7. Yemen
- 9.3.1.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis, By Key Market Participants
- 10.2. Market Participant Categorization
- 10.2.1. Bluewater Thermal Solutions
- 10.2.1.1. Company overview
- 10.2.1.2. Financial performance
- 10.2.1.3. Material benchmarking
- 10.2.1.4. Strategic initiatives
- 10.2.2. American Metal Treating
- 10.2.2.1. Company overview
- 10.2.2.2. Financial performance
- 10.2.2.3. Material benchmarking
- 10.2.2.4. Strategic initiatives
- 10.2.3. East~Lind Heat Treat, Inc.
- 10.2.3.1. Company overview
- 10.2.3.2. Financial performance
- 10.2.3.3. Material benchmarking
- 10.2.3.4. Strategic initiatives
- 10.2.4. General Metal Heat Treating
- 10.2.4.1. Company overview
- 10.2.4.2. Financial performance
- 10.2.4.3. Material benchmarking
- 10.2.4.4. Strategic initiatives
- 10.2.5. Shanghai University Heat-treatment Co.,Ltd
- 10.2.5.1. Company overview
- 10.2.5.2. Financial performance
- 10.2.5.3. Material benchmarking
- 10.2.5.4. Strategic initiatives
- 10.2.6. Pacific Metallurgical, Inc
- 10.2.6.1. Company overview
- 10.2.6.2. Financial performance
- 10.2.6.3. Material benchmarking
- 10.2.6.4. Strategic initiatives
- 10.2.7. Nabertherm GmbH
- 10.2.7.1. Company overview
- 10.2.7.2. Financial performance
- 10.2.7.3. Material benchmarking
- 10.2.7.4. Strategic initiatives
- 10.2.8. Unitherm Engineers Limited
- 10.2.8.1. Company overview
- 10.2.8.2. Financial performance
- 10.2.8.3. Material benchmarking
- 10.2.8.4. Strategic initiatives
- 10.2.9. SECO/WARWICK, INC. ALLE
- 10.2.9.1. Company overview
- 10.2.9.2. Financial performance
- 10.2.9.3. Material benchmarking
- 10.2.9.4. Strategic initiatives
- 10.2.10. Triad Engineering Inc.
- 10.2.10.1. Company overview
- 10.2.10.2. Financial performance
- 10.2.10.3. Material benchmarking
- 10.2.10.4. Strategic initiatives
- 10.2.11. Bodycote
- 10.2.11.1. Company overview
- 10.2.11.2. Financial performance
- 10.2.11.3. Material benchmarking
- 10.2.11.4. Strategic initiatives
- 10.2.12. FTV Proclad (U.A.E.) L.L.C
- 10.2.12.1. Company overview
- 10.2.12.2. Financial performance
- 10.2.12.3. Material benchmarking
- 10.2.12.4. Strategic initiatives
- 10.2.13. Trinity Holdings Limited
- 10.2.13.1. Company overview
- 10.2.13.2. Financial performance
- 10.2.13.3. Material benchmarking
- 10.2.13.4. Strategic initiatives
- 10.2.14. Rawabi Holding
- 10.2.14.1. Company overview
- 10.2.14.2. Financial performance
- 10.2.14.3. Material benchmarking
- 10.2.14.4. Strategic initiatives
- 10.2.15. Fluor Corporation
- 10.2.15.1. Company overview
- 10.2.15.2. Financial performance
- 10.2.15.3. Material benchmarking
- 10.2.15.4. Strategic initiatives
- 10.2.16. Easa Saleh Al Gurg Group (ESAG)
- 10.2.16.1. Company overview
- 10.2.16.2. Financial performance
- 10.2.16.3. Material benchmarking
- 10.2.16.4. Strategic initiatives
- 10.2.17. Gesellschaft fur Warmetechnik mbH
- 10.2.17.1. Company overview
- 10.2.17.2. Financial performance
- 10.2.17.3. Material benchmarking
- 10.2.17.4. Strategic initiatives
- 10.2.1. Bluewater Thermal Solutions
Product Code: GVR-3-68038-070-5
List of Tables
- Table 1 List of Abbreviation
- Table 2 GCC Heat Treating Market, By Material, 2018 - 2030 (USD Million)
- Table 3 GCC Heat Treating Market, By Process, 2018 - 2030 (USD Million)
- Table 4 GCC Heat Treating Market, By Equipment, 2018 - 2030 (USD Million)
- Table 5 GCC Heat Treating Market, By Application, 2018 - 2030 (USD Million)
- Table 6 GCC Heat Treating Market, By Country, 2018 - 2030 (USD Million)
- Table 7 Saudi Arabia Heat Treating Market, By Material, 2018 - 2030 (USD Million)
- Table 8 Saudi Arabia Heat Treating Market, By Process, 2018 - 2030 (USD Million)
- Table 9 Saudi Arabia Heat Treating Market, By Equipment, 2018 - 2030 (USD Million)
- Table 10 Saudi Arabia Heat Treating Market, By Application, 2018 - 2030 (USD Million)
- Table 11 UAE Heat Treating Market, By Material, 2018 - 2030 (USD Million)
- Table 12 UAE Heat Treating Market, By Process, 2018 - 2030 (USD Million)
- Table 13 UAE Heat Treating Market, By Equipment, 2018 - 2030 (USD Million)
- Table 14 UAE Heat Treating Market, By Application, 2018 - 2030 (USD Million)
- Table 15 Oman Heat Treating Market, By Material, 2018 - 2030 (USD Million)
- Table 16 Oman Heat Treating Market, By Process, 2018 - 2030 (USD Million)
- Table 17 Oman Heat Treating Market, By Equipment, 2018 - 2030 (USD Million)
- Table 18 Oman Heat Treating Market, By Application, 2018 - 2030 (USD Million)
- Table 19 Qatar Heat Treating Market, By Material, 2018 - 2030 (USD Million)
- Table 20 Qatar Heat Treating Market, By Process, 2018 - 2030 (USD Million)
- Table 21 Qatar Heat Treating Market, By Equipment, 2018 - 2030 (USD Million)
- Table 22 Qatar Heat Treating Market, By Application, 2018 - 2030 (USD Million)
- Table 23 Bahrain Heat Treating Market, By Material, 2018 - 2030 (USD Million)
- Table 24 Bahrain Heat Treating Market, By Process, 2018 - 2030 (USD Million)
- Table 25 Bahrain Heat Treating Market, By Equipment, 2018 - 2030 (USD Million)
- Table 26 Bahrain Heat Treating Market, By Application, 2018 - 2030 (USD Million)
- Table 27 Kuwait Heat Treating Market, By Material, 2018 - 2030 (USD Million)
- Table 28 Kuwait Heat Treating Market, By Process, 2018 - 2030 (USD Million)
- Table 29 Kuwait Heat Treating Market, By Equipment, 2018 - 2030 (USD Million)
- Table 30 Kuwait Heat Treating Market, By Application, 2018 - 2030 (USD Million)
- Table 31 Yemen Heat Treating Market, By Material, 2018 - 2030 (USD Million)
- Table 32 Yemen Heat Treating Market, By Process, 2018 - 2030 (USD Million)
- Table 33 Yemen Heat Treating Market, By Equipment, 2018 - 2030 (USD Million)
- Table 34 Yemen Heat Treating Market, By Application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 GCC heat treating: Market outlook
- Fig. 9 GCC heat treating: Competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 Related/ancillary market outlook
- Fig. 12 Penetration and growth prospect mapping
- Fig. 13 Industry value chain analysis
- Fig. 14 GCC heat treating market driver impact
- Fig. 15 GCC heat treating market restraint impact
- Fig. 16 GCC heat treating market strategic initiatives analysis
- Fig. 17 GCC heat treating market: Material movement analysis
- Fig. 18 GCC heat treating market: Material outlook and key takeaways
- Fig. 19 Steel market estimates and forecasts, 2018 - 2030
- Fig. 20 Cast Iron market estimates and forecasts, 2018 - 2030
- Fig. 21 Others market estimates and forecasts, 2018 - 2030
- Fig. 22 GCC heat treating market: Process movement analysis
- Fig. 23 GCC heat treating market: Process outlook and key takeaways
- Fig. 24 Hardening & tempering market estimates and forecasts, 2018 - 2030
- Fig. 25 Case Hardening market estimates and forecasts, 2018 - 2030
- Fig. 26 Annealing market estimates and forecasts, 2018 - 2030
- Fig. 27 Normalizing market estimates and forecasts, 2018 - 2030
- Fig. 28 Others market estimates and forecasts, 2018 - 2030
- Fig. 29 GCC heat treating market: Equipment movement analysis
- Fig. 30 GCC heat treating market: Equipment outlook and key takeaways
- Fig. 31 Fuel-fired furnace market estimates and forecasts, 2018 - 2030
- Fig. 32 Electrically heated Furnace market estimates and forecasts, 2018 - 2030
- Fig. 33 Others market estimates and forecasts, 2018 - 2030
- Fig. 34 GCC heat treating market: Application movement analysis
- Fig. 35 GCC heat treating market: Application outlook and key takeaways
- Fig. 36 Automotive market estimates and forecasts, 2018 - 2030
- Fig. 37 Aerospace market estimates and forecasts, 2018 - 2030
- Fig. 38 Metalworking market estimates and forecasts, 2018 - 2030
- Fig. 39 Machine market estimates and forecasts, 2018 - 2030
- Fig. 40 Construction market estimates and forecasts, 2018 - 2030
- Fig. 41 Others market estimates and forecasts, 2018 - 2030
- Fig. 42 GCC Heat Treating market: Country movement analysis
- Fig. 43 GCC Heat Treating market: Country outlook and key takeaways
- Fig. 44 Saudi Arabia market estimates and forecasts, 2018 - 2030
- Fig. 45 UAE market estimates and forecasts, 2018 - 2030
- Fig. 46 Oman market estimates and forecasts, 2018 - 2030
- Fig. 47 Qatar market estimates and forecasts, 2018 - 2030
- Fig. 48 Bahrain market estimates and forecasts, 2018 - 2030
- Fig. 49 Kuwait market estimates and forecasts, 2018 - 2030
- Fig. 50 Yemen market estimates and forecasts, 2018 - 2030
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