Global Heat Treating Market Expected to Grow at 7.27% CAGR over the Period 2012-2016
Post Date: 21 Dec 2013 Viewed: 380
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas, and the EMEA and APAC regions; it also covers the Global Heat Treating market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, the Global Heat Treating market is expected to grow at a CAGR of 7.27 percent over the period 2012-2016. One of the main factors driving the market is the need to develop superior quality products. The use of heat treatment processes helps organizations to improve the structural accuracy of a metallic product by enhancing its tensile strength and yield strength. Hence, in order to develop high-precision products, several companies across industries such as Automotive, Aerospace, and General Machinery opt for heat treatment processes.
One of the main challenges is the requirement of high initial investment. The success of any organization depends on its competitiveness and overall operational performance. The total cost of heat treatment processes is one of the major factors contributing to the profitability and competitiveness of any manufacturing organization across industries.