The global automotive heat treatment market is anticipated to grow at a considerable CAGR of 3.4% during the forecast period (2024-2031). Heat treatment plays a critical role in enhancing the properties of lightweight materials such as aluminum, magnesium, and others, making components durable and resistant to wear and tear. The growth of the automotive heat treatment market is primarily driven by the increasing demand for safe, fuel-efficient, and low-emission vehicles that can improve overall efficiency and reduce the carbon footprint of vehicles. Market players are investing in R&D activities to develop new heat treatment technologies and expand their production capacities to meet the evolving needs of the automotive industry. For instance, in October 2020, ECM Technologies released new oil quenching furnace system, a safe and efficient heat treatment system that replaced its sealed quench (SQ) or integral quench (IQ) style furnace. The system offers cleaner, safer, and greater performance in comparison to traditional SQ or IQ furnaces. The ECO furnace is an electrically heated system, enabling a greater than 80% reduction in CO2 emissions. It also allows for higher temperatures, thereby enabling increased productivity through greater thought. It allows captive and commercial heat treaters to extend their life and expand the capabilities of their existing sealed quench or integral quench furnace lines.
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Furthermore, automakers are adopting new materials and advanced manufacturing processes for heat treatment. To cater for such needs, stakeholders have been collaborating to provide new and enhanced solutions to remain competitive in the market. For instance, in July 2022, AddUp, partnered with ECM Group, to develop thermal treatment solutions for additively manufactured parts. The collaboration leads to a development program to define the appropriate specifications for heat treatment solutions adapted to additive manufacturing applications. The ECM Group will design and industrialize a suitable vacuum furnace system according to the specifications defined during this joint development program.
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Market Coverage
- Segment Covered-
o By Method
o By Material
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Continental Heat Treating, Inc., NHK Spring Co., Ltd., Schaeffler, Thyssenkrupp AG, ZF Friedrichshafen AG, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Heat Treatment Market Report Segment
By Method
- Hardening
- Tempering
- Carburizing
- Nitriding
- Carbonitriding
- Others (Annealing, Normalizing)
By Material
- Mild Steel
- Aluminum
- Magnesium
- Low Alloy Steels
By Application
- Engine and Powertrain
- Wheels and Drivetrain
- Brakes
- Chassis
- Suspension
- Steering
- Others (Gearwheels/Planetary gears, Clutch Parts, Gear Hub)
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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