Global Automotive Heat Shield Market Trends 2024, Forecast To 2033
15 Feb, 2024
The automotive heat shield market has shown strong growth, increasing from $14.17 billion in 2023 to $15.06 billion in 2024 at a 6.3% CAGR. Engine efficiency concerns, emission regulations, material advancements, and performance demands contributed to this historic growth. In the forecast, the market is anticipated to reach $19.65 billion in 2028 with a 6.9% CAGR. Factors include electric vehicle growth, autonomous vehicles, global climate concerns, and advanced manufacturing techniques, along with trends such as integration of smart technologies and customization.
Global Automotive Heat Shield Market Key Driver
The focus on lightweight heat shields drives the automotive heat shield market. Lightweight materials enhance vehicle efficiency, with a 10% reduction in weight saving 6-8% of fuel. Lightweight heat shields, offering thermal protection, contribute to improved fuel efficiency. The automotive industry's emphasis on lightweight heat shields propels market growth.
Get A Free Sample Of The Global Automotive Heat Shield Market ReportGlobal Automotive Heat Shield Market Segments
The automotive heat shield market covered in this report is segmented –
1) By Material Type: Metallic, Non-metallic
2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
3) By Product Type: Single Shell, Double Shell, Sandwich
4) By Application: Exhaust System Heat Shield, Turbocharger Heat Shield, Under Bonnet Heat Shield, Engine Compartment Heat Shield, Under Chassis
5) By Sales Channel: OEM, Aftermarket
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the automotive heat shield market in 2023. Europe was the second-largest region in the automotive heat shield market share. The regions covered in the automotive heat shield market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automotive Heat Shield Industry Players
Autoneum Nittoku Pvt. Ltd.; Carcoustics; Dana Incorporated; ElringKlinger AG; Lydall Inc.; Morgan Advanced Materials plc; Tenneco Inc.; UGN Inc.; Covpress Ltd; DuPont de Nemours, Inc.; Happich GmbH; Sumitomo riko Co. Ltd.; Talbros Automotive Components Ltd.; Ningbo Tuopu Group; Zhuzhou Times New Material Technology Co., Ltd.; Zircotec Ltd.; NICHIAS Corporation; Adient PLC; Aisin Corporation; BorgWarner Inc.; Continental AG; Denso Corporation; Hitachi Astemo, Ltd.; JTEKT Corporation; Parker Hannifin Corporation; Robert Bosch GmbH; Compagnie de Saint-Gobain S. A; Schaeffler Technologies AG & Co. KG; Siemens AG; Sogefi Group
Get The Full Global Automotive Heat Shield Market ReportAutomotive Heat Shield Market Overview
The automotive heat shield is designed to absorb excessive heat by absorbing, reflecting, or dissipating the heat. A good heat shield has a high thermal resistance and high thermal emittance. The heat shield helps in protecting the parts from the heat and also deflects them away or by absorbing them.
Automotive Heat Shield Global Market Report 2023 provides data on the global automotive heat shield market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive heat shield market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.