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3D printing technology is revolutionizing automotive heat shield production. It enables rapid prototyping and the creation of complex geometries, which traditional methods cannot achieve. This technology customizes heat shield designs for specific vehicle models, enhancing thermal efficiency and performance. Additionally, 3D printing reduces material waste and production costs, making it both sustainable and economically viable. As its adoption grows, 3D printing is expected to streamline manufacturing and drive innovation in heat shield design.
For instance, in January 2024, APWORKS partnered with Farsoon to leverage the FS422M-4 additive manufacturing machine, accelerating sustainable part production with Scalmalloy. The FS422M-4, featuring 4 lasers and a 425 mm x 425 mm x 550 mm printing area, meets APWORKS' high-quality serial production standards. This collaboration represents a significant advancement in additive manufacturing, offering reliable and sustainable metal component solutions.
Volatile prices of raw materials like metals, ceramics, and composites, driven by automotive heat shield market demand, supply chain disruptions, and geopolitical factors, impact the profitability and pricing strategies of heat shield manufacturers. Effective procurement management and exploring alternative materials or suppliers are essential to maintain competitive pricing. Additionally, the focus on sustainability may increase costs for eco-friendly materials, complicating cost management further.
The market size of automotive heat shield reached USD 11.7 billion in 2023 and is set to grow at a 5.2% CAGR from 2024 to 2032, driven by the increasing use of turbochargers in gasoline and diesel engines.
The single shell segment accounted for over 45% of the market share in 2023 and is expected to exceed USD 8 billion by 2032 due to its effectiveness in protecting automotive components from thermal damage.
China's market accounted for over 40% of the revenue share in 2023, propelled by significant investments in R&D by domestic automakers like BYD and NIO.
The major players in the industry include Autoneum, Boyd, Dana, ElringKlinger, Freudenberg Sealing Technologies, Heatshield Products, Lydall, Morgan Advanced Materials, Sumitomo Riko, and Tenneco.