Automotive Heat Treatment Market
Automotive Heat Treatment Market Size, Share & Trends Analysis Report by Method (Hardening, Tempering, Carburizing, Nitriding, Carbonitriding, and Others), by Material (Mild Steel, Aluminum, Magnesium, and Low Alloy Steels), and by Application (Engine and Powertrain, Wheels and Drivetrain, Brakes, Chassis, Suspension, Steering, and Others) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Automotive heat treatment market is anticipated to grow at a significant CAGR of 3.4% during the forecast period. The automotive heat treatment processes are commonly used to improve the microstructure of automotive components, encompass annealing, isothermal annealing, normalizing, spheroidizing, quenching, tempering, austempering, and case hardening. Growing requirements for lightweight and fuel-efficient automobiles motivated the demand for the market. In the automotive sector, the heat-treating method is mainly used in the production of lightweight parts, as heat treatment improves hardness as well as the tensile strength of the metal along with imparting rust resistance to the metal. It also increases the ductile strength, durability, tensile strength, and toughness of steel for the automotive industry. Hence, owing to its wider benefit, coupled with rapidly rising demand of automotive vehicles drives the market growth during the forecast period.
Segmental Outlook
The global automotive heat treatment market is segmented based on method, material, and application. Based on method, the market is segmented into hardening, tempering, carburizing, nitriding, carbonitriding, and others. Based on material, the market is segmented into mild steel, aluminum, magnesium, low alloy steels. Based on application, the market is sub-segmented into engine and powertrain, wheels and drivetrain, brakes, chassis, suspension, steering, and others. Based on method, the hardening sub-segment is expected to expand at a considerable CAGR during the forecast period. Key factors that are responsible for driving the segment growth include an increase in demand for hardening method in automotive sector, as this method can quickly and selectively harden the surface of metal parts.
The Wheels and Drivetrain Sub-Segment Anticipated to Hold a Prominent Share of the Market
Among the application segment, the wheels and drivetrain sub-segment is projected to hold a prominent share of the market. The segmental growth is attributed to the advantages offered by wheels and drivetrains such as it extremely efficient in terms of cost compared to other drive types and having many other benefits related to the mass, space, fuel consumption, and no friction from the driveshaft. In addition, the presence of major market players which include, Infineon Technologies, Eaton Ltd., Hyundai Steel and others are also offering wheel and drivetrain for automotive industry which further boost the segment growth. For instance, in March 2023, Delta Electronics agreed to deepen its automotive electronics collaboration with Infineon Technologies. The two companies signed a memorandum of understanding (MoU) to expand collaboration to produce more efficient and higher-density electronic products for electric vehicles (EVs), covering a wide range of components such as microcontrollers and high/low-voltage modules used in EV drivetrain systems such as traction inverters, DC-DC converters and onboard chargers.
Regional Outlooks
The global automotive heat treatment market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. The European region is anticipated to witness considerable growth in the market over the forecast period owing to the rise in the number of higher class sections of the population that spend more on luxury vehicles, which are integrated with advanced features, along with various government initiatives that promote the development of the automotive industry.
Global Automotive Heat Treatment Market Growth, by Region 2023-2030
The European Region to Hold a Prominent Share of the Global automotive Heat Treatment Market
The European region is anticipated to experience favourable growth during the forecast period. The rising demand for automotive vehicles, coupled with the presence of major market players such as Robert Bosch GmbH, Porsche, Jaguar, Bentley, and others drives the market growth. For instance, according to the international Council of Clean Transportation, a total of 11.7 million new cars were registered in the 27 Member States of the EU and the UK in 2020. Moreover, EU car production increased in the second half of 2022, which contributed to year-on-year growth of 7.1%, totalling 10,769,893 units produced, according to the European Automotive Manufacturers Association (ACEA).
Market Players Outlook
The major companies serving the global automotive heat treatment market include Continental Heat Treating, Inc., NHK Spring Co., Ltd., Schaeffler, Thyssenkrupp AG, ZF Friedrichshafen AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, geographical expansions, partnerships, product launches, and collaborations, to stay competitive in the market. For instance, in October 2021, Solar Atmospheres and Kittyhawk strategically partnered for heat treating and hot isostatic pressing services to the aerospace, commercial, military, medical, automotive, firearms and oil and gas industries. This partnership allows the customer to take advantage of hot isostatic pressing and heat treatment without having to look further.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive heat treatment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
1.1. Key Company Analysis
3.1. Continental Heat Treating, Inc.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. NHK Spring Co.,Ltd
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Schaeffler
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Thyssenkrupp AG
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. ZF Friedrichshafen AG
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Automotive Heat Treatment Market by Method
4.1.1. Hardening
4.1.2. Tempering
4.1.3. Carburizing
4.1.4. Nitriding
4.1.5. Carbonitriding
4.1.6. Others (Annealing, Normalizing)
4.2. Global Automotive Heat treatment Market by Material
4.2.1. Mild Steel
4.2.2. Aluminum
4.2.3. Magnesium
4.2.4. Low Alloy Steels
4.3. Global Automotive Heat Treatment Market by Application
4.3.1. Engine and Powertrain
4.3.2. Wheels and Drivetrain
4.3.3. Brakes
4.3.4. Chassis
4.3.5. Suspension
4.3.6. Steering
4.3.7. Others (Gearwheels/Planetary Gears, Clutch Parts, and Gear Hub)
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Bluewater Thermal Solutions
6.2. Borgwarner
6.3. Eaton Ltd
6.4. Hyundai Steel
6.5. J.F. Heat Treating Inc.
6.6. JTEKT Thermo Systems Corp.
6.7. Mahle
6.8. Robert Bosch GmbH
6.9. Rubig GmbH & Co KG
6.10. Specialty Steel Treating
6.11. Sun Steel Treating Inc
6.12. Zion Industries, Inc.
1. GLOBAL AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY METHOD, 2022-2030 ($ MILLION)
2. GLOBAL AUTOMOTIVE HEAT TREATMENT BY HARDENING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL AUTOMOTIVE HEAT TREATMENT BY TEMPERING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL AUTOMOTIVE HEAT TREATMENT BY CARBURIZNG MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL AUTOMOTIVE HEAT TREATMENT BY NITRIDING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL AUTOMOTIVE HEAT TREATMENT BY CARBONITRIDING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL AUTOMOTIVE HEAT TREATMENT BY OTHER METHODS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2022-2030 ($ MILLION)
9. GLOBAL MILD STEEL FOR AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL ALUMINIUM FOR AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL MAGNESIUM FOR AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL LOW ALLOY STEELS FOR AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
14. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR ENGINE AND POWERTRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR WHEELS AND DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR BRAKES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR CHASSIS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR SUSPENSION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
19. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR STEERING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
20. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR OTHERS (GEARWHEELS/PLANETARY GEARS, CLUTCH PARTS, AND GEAR HUB) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
21. GLOBAL AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
22. NORTH AMERICAN AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. NORTH AMERICAN AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY METHOD, 2022-2030 ($ MILLION)
24. NORTH AMERICAN AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2022-2030 ($ MILLION)
25. NORTH AMERICAN AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
26. EUROPEAN AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. EUROPEAN AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY METHOD, 2022-2030 ($ MILLION)
28. EUROPEAN AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2022-2030 ($ MILLION)
29. EUROPEAN AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
30. ASIA-PACIFIC AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
31. ASIA-PACIFIC AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY METHOD, 2022-2030 ($ MILLION)
32. ASIA-PACIFIC AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2022-2030 ($ MILLION)
33. ASIA-PACIFIC AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
34. REST OF THE WORLD AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
35. REST OF THE WORLD AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY METHOD, 2022-2030 ($ MILLION)
36. REST OF THE WORLD AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2022-2030 ($ MILLION)
37. REST OF THE WORLD AUTOMOTIVE HEAT TREATMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
1. GLOBAL AUTOMOTIVE HEAT TREATMENT MARKET SHARE BY METHOD, 2022 VS 2030 (%)
2. GLOBAL AUTOMOTIVE HEAT TREATMENT BY HARDENING MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL AUTOMOTIVE HEAT TREATMENT BY TAMPERING MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL AUTOMOTIVE HEAT TREATMENT BY CARBURIZING MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL AUTOMOTIVE HEAT TREATMENT BY NITRIDING MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL AUTOMOTIVE HEAT TREATMENT BY CARBONITRIDING MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL AUTOMOTIVE HEAT TREATMENT BY OTHER METHODS MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL AUTOMOTIVE HEAT TREATMENT MARKET SHARE BY MATERIAL, 2022 VS 2030 (%)
9. GLOBAL MILD STEEL FOR AUTOMOTIVE HEAT TREATMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL ALUMINIUM FOR AUTOMOTIVE HEAT TREATMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL MAGNESIUM FOR AUTOMOTIVE HEAT TREATMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL LOW ALLOY STEELS FOR AUTOMOTIVE HEAT TREATMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL AUTOMOTIVE HEAT TREATMENT MARKET SHARE BY APPLICATION, 2022 VS 2030 (%)
14. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR ENGINE AND POWERTRAIN MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR WHEELS AND DRIVETRAIN MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR BRAKES MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR CHASSIS ARKET SHARE BY REGION, 2022 VS 2030 (%)
18. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR SUSPENSION MARKET SHARE BY REGION, 2022 VS 2030 (%)
19. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR STEERING MARKET SHARE BY REGION, 2022 VS 2030 (%)
20. GLOBAL AUTOMOTIVE HEAT TREATMENT FOR OTHERS (GEARWHEELS/PLANETARY GEARS, CLUTCH PARTS, AND GEAR HUB) MARKET SHARE BY REGION, 2022 VS 2030 (%)
21. GLOBAL AUTOMOTIVE HEAT TREATMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
22. US AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
23. CANADA AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
24. UK AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
25. FRANCE AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
26. GERMANY AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
27. ITALY AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
28. SPAIN AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
29. REST OF EUROPE AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
30. INDIA AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
31. CHINA AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
32. JAPAN AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
33. SOUTH KOREA AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
34. REST OF ASIA-PACIFIC AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
35. REST OF THE WORLD AUTOMOTIVE HEAT TREATMENT MARKET SIZE, 2022-2030 ($ MILLION)
