According to IMARC Group latest report titled” Automotive Heat Shield Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027″, The global automotive heat shield market size reached US$ 10.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.3 Billion by 2027, exhibiting a growth rate (CAGR) of 3.6% during 2022-2027.
An automotive heat shield is a specially designed sheet that protects automotive parts from excessive heat generated from the engine and exhaust systems. It plays an essential role in increasing an engine’s power output by controlling temperatures under the bonnet and maintaining optimum thermal comfort inside the vehicle. Automotive heat shield fabrication can be done with both metallic and non-metallic materials, such as nylon, aluminum, and ceramics. These shields are cost-efficient, easy to install, are customizable.
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Automotive Heat Shield Market Trends & Drivers:
The expanding automotive sector, along with a growing focus on controlling carbon emissions from vehicles, is also propelling the global market for automotive heat shield. Furthermore, several technological advancements have led to the integration of superchargers in spark ignition and compression ignition engines, thereby augmenting the market growth. With an increasing preference for lighter automotive parts, numerous key manufacturers are also developing lightweight heat shield materials. Furthermore, the rise of electric and hybrid vehicles has increased demand for heat shields, propelling the global market forward in the coming years.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Dana Incorporated
- DuPont de Nemours Inc
- ElringKlinger AG
- HAPPICH GmbH
- Lydall Inc.
- Morgan Advanced Materials Plc
- NICHIAS Corporation
- Talbros Automotive Components Ltd.
- Tenneco Inc.
- Automotive Heat Shield Market Segmentation:
Our report has categorized the market based on Region, Material, Product, Application and Vehicle Type.
Market Breakup by Material:
Market Breakup by Product:
- Single Shell
- Double Shell
- Sandwich Type
Market Breakup by Application:
- Exhaust System
- Under Bonnet
- Engine Compartment
- Under Chassis
Market Breakup by Vehicle Type:
- Passenger Car
- Commercial Vehicles
Market Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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