IMARC Group, a leading market research company, has recently releases report titled “Automotive Heat Shield Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global automotive heat shield market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the automotive heat shield market?
|Market Size in 2022||US$ 11.1 Billion|
|Market Forecast in 2028||US$ 13.4 Billion|
|Growth rate (2023 to 2028)||CAGR of 3.1%|
|Base Year of the Analysis||2022|
What is an automotive heat shield?
The automotive heat shield is a type of sheet specifically designed to cover the internal combustion engine and exhaust systems, protecting various automotive components from the excessive heat produced by them. It is essentially a thermal barrier that helps enhance the power output of an engine by regulating the under-hood heat and intake air temperature (IAT) and maintaining ideal thermal comfort inside the vehicle. The automotive heat shield can be manufactured using metallic and non-metallic materials such as stainless steel, aluminum, nylon, and ceramics. It offers numerous benefits, including low cost, simple installation, and easily available customizable and tailor-made variants. Consequently, they are extensively used in passenger cars and light and heavy commercial vehicles.
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What are the growth prospects and trends in the automotive heat shield industry?
One of the key factors driving the automotive heat shield market growth is the increasing production and sales of automobiles across the globe. Besides this, the increasing popularity of electric and hybrid vehicles (EV/HEV) is fuelling the use of heat shields to counter the heat produced by lithium-ion batteries, which is positively impacting the market growth. Moreover, ongoing improvements in production technology, in confluence with innovative product advancements, including the integration of turbochargers or superchargers in spark ignition and compression ignition engines, are creating a favorable outlook for the market. In addition to this, the advent of space-saving heat shields and extensive investments in research and development (R&D) activities by leading market players to engineer new heat shield components for electric and hybrid vehicles are contributing to the market growth.
Furthermore, the shifting preference of automotive manufacturers toward lightweight product variants made from metal composites and meta-aramid materials that are durable and flame resistant is presenting remunerative growth opportunities for the market. Looking forward, the market value is projected to reach US$ 13.4 Billion by 2028, expanding at a CAGR of 3.1% during 2023-2028.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Material:
Breakup by Product:
- Single Shell
- Double Shell
- Sandwich Type
Breakup by Application:
- Exhaust System
- Under Bonnet
- Engine Compartment
- Under Chassis
Breakup by Vehicle Type:
- Passenger Car
- Commercial Vehicles
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Carcoustics (Liaoning Dare Industrial Company Ltd.)
- Dana Incorporated
- DuPont de Nemours Inc
- ElringKlinger AG
- HAPPICH GmbH (Pelzer Acoustic Products GmbH)
- Lydall Inc.
- Morgan Advanced Materials Plc
- NICHIAS Corporation
- Talbros Automotive Components Ltd.
- Tenneco Inc.
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