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Metal Treatment, Coating & Machining in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 2592 August 2024 Spotlight Report

Revenue

€151.2bn

2019-2024 4.5 %
2024-2029 X.X %

Employees

1m

2019-2024 2.3 %
2024-2029 X.X %

Businesses

238k

2019-2024 4.8 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Metal Treatment, Coating & Machining in Europe industry analysis

The Metal Treatment, Coating & Machining industry in Europe is all about honing and enhancing metal. Using processes such as electroplating, heat treatment and laser cutting, it gets metals ready for their various end uses - anything from construction to motor vehicle manufacturing. However, this work isn't easy or cheap, as it needs lots of energy. Not to mention, the ever-rising energy costs in Europe have pushed up production costs, hitting countries like Germany, Italy, France, and Austria pretty hard. Industry revenue is expected to tumble at a compound annual rate of 4.5% over the five years through 2024 to €151.2 billion – including an estimated 2.5% slump over the current year.

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Industry Statistics and Trends

Metal Treatment, Coating & Machining in Europe key trends

High energy costs and construction slumps have troubled the industry.

 

Soaring energy prices have driven up production costs, while volatile steel prices and downstream demand have hurt revenue.

The industry's future relies on downstream sectors.

 

Looking ahead, promising growth in sectors like construction and auto manufacturing along with an expected rise in Europe's industrial production index, spell heightened sales for metal treatment, coating and machining services.

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Metal Treatment, Coating & Machining in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Metal Treatment, Coating & Machining in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 4.5 % over the past five years, to reach an estimated €151.2bn in 2024.

Trends and Insights

Many of the processes used to treat, coat and machine metals require high amounts of energy

  • Electroplating and heat-treating services involve the use of electricity and high temperatures to alter the properties of metals, making them more durable or suitably altered for their end uses. Similarly, processes like deburring, sandblasting, turning, boring, milling, and laser cutting all require energy to operate the equipment involved in these processes.

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Metal Treatment, Coating & Machining in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Embracing a circular economy will be necessary for success in the industry

  • The circular economy concept is progressively gaining traction in Europe and will profoundly impact the industry. This approach aims to minimise waste and amplify material recycling, thus reducing environmental impact.

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Revenue

€151.2bn

2019-2024 4.5 %
2024-2029 X.X %

Employees

1m

2019-2024 2.3 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 2.3 % *
  • Job Growth

Top 5 Countries

  1. Bulgaria +11.0%
  2. Bosnia & Herzegovina +10.6%
  3. Russia +6.2%
  4. Lithuania +5.5%
  5. Slovenia +4.9%

Bottom 5 Countries

  1. Malta -4.8%
  2. Greece -4.4%
  3. Ukraine -1.3%
  4. Croatia -0.8%
  5. Cyprus -0.6%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Metal Treatment, Coating & Machining in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
ArcelorMittal SA
76,351.8
10,003.2
13.1
Voestalpine AG
14,800.0
1,500.0
10.1
Thyssenkrupp Steel Europe AG
18,500.0
6,300.0
34.1

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Metal Treatment, Coating & Machining in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Metal Treatment, Coating & Machining industry in Europe in 2024?

The market size of the Metal Treatment, Coating & Machining industry in Europe is €151.2bn in 2024.

How many businesses are there in the Metal Treatment, Coating & Machining in Europe industry in 2024?

There are 238k businesses in the Metal Treatment, Coating & Machining industry in Europe, which has grown at a CAGR of 4.8 % between 2019 and 2024.

Has the Metal Treatment, Coating & Machining industry in Europe grown or declined over the past 5 years?

The market size of the Metal Treatment, Coating & Machining industry in Europe has been declining at a CAGR of 4.5 % between 2019 and 2024.

What is the forecast growth of the Metal Treatment, Coating & Machining industry in Europe over the next 5 years?

Over the next five years, the Metal Treatment, Coating & Machining industry in Europe is expected to grow.

What does the Metal Treatment, Coating & Machining in Europe include?

Metal coating, engraving and allied services and Electroplating, plating, cleaning, hardening, buffing, anodizing and colouring services are part of the Metal Treatment, Coating & Machining industry.

Which countries have the most businesses in the Metal Treatment, Coating & Machining industry in Europe?

The European country with the most businesses in the Metal Treatment, Coating & Machining industry is Poland.

How competitive is the Metal Treatment, Coating & Machining industry in Europe?

The level of competition is high and steady in the Metal Treatment, Coating & Machining industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

The industry involves a variety of processes designed to enhance and modify metal materials. It includes techniques like anodizing and plating to protect and decorate metals, heat treatment to alter mechanical properties and various cleaning methods to remove impurities. Also included are diverse non-metallic coating techniques, hardening and buffing. This industry branches further into various machining methods and some companies employ laser technology for precision cutting and writing on metals.

Related Terms

PlatingAnodizingDeburring

What's included in this industry?

Metal coating, engraving and allied servicesElectroplating, plating, cleaning, hardening, buffing, anodizing and colouring servicesMetal heat-treating servicesNon-metallic coating servicesMetal machining servicesLaser processing services

Companies

ArcelorMittal SAVoestalpine AGThyssenkrupp Steel Europe AG

Industry Code

ISIC 2006

2592 - Treatment and coating of metals; machining in Europe

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Performance

Key Takeaways

Many of the processes used to treat, coat and machine metals require high amounts of energy

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Metal Treatment, Coating & Machining in Europe industry (2011 -2029)
  • Employees in the Metal Treatment, Coating & Machining in Europe industry (2011 -2029)
  • Business in the Metal Treatment, Coating & Machining in Europe industry (2011 -2029)
  • Profit in the Metal Treatment, Coating & Machining in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Metal Treatment, Coating & Machining in Europe industry?


Outlook

Analysis

What's driving the Metal Treatment, Coating & Machining in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Metal Treatment, Coating & Machining in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Metal Treatment, Coating & Machining in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

European metal treatment and coating providers are embracing cutting-edge tech and sustainability. From Computer Numerical Control (CNC) in machining services to eco-friendly coatings, trends point towards innovative, efficient and sustainable practices shaping the industry's future.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Metal Treatment, Coating & Machining in Europe industry's products and services performing?

Analysis

What are innovations in the Metal Treatment, Coating & Machining in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Metal Treatment, Coating & Machining in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Economies of scale drive concentration for metal treatment and coating service providers. Manufacturers that have large-scale operations can lower per-unit costs and deliver competitive pricing, alongside maintaining high-quality standards, propelling them ahead in the market competition.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for ArcelorMittal SA
  • Countries of operation for Voestalpine AG
  • Countries of operation for Thyssenkrupp Steel Europe AG
  • Countries of operation for Bosch Rexroth AG
  • Countries of operation for Schuler AG
  • Countries of operation for Bodycote plc
  • Countries of operation for Alleima AB
  • Countries of operation for Tata Steel Ltd
  • Countries of operation for Salzgitter AG
  • Countries of operation for Melrose Industries plc

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Regulation pushes towards a greener steel industry in Europe. Government regulations and policy initiatives are steering the industry towards more sustainable and environmentally friendly practices. Both legislative mandates and incentives are driving this shift.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Metal Treatment, Coating & Machining in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Material costs dominate in the industry. Recent geopolitical turmoil escalated these costs, prompting manufacturers to renegotiate supplies, improve efficiencies and explore alternative resources, bracing for stabilisation in 2024.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Metal Treatment, Coating & Machining in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.