Global Automotive Heat Shield Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Automotive Heat Shield Market Overview
“The global Automotive Heat Shield market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers in-depth insights, revenue details, and other vital information regarding the global automotive heat shield market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The report offers insightful and detailed information regarding the various key players operating in the global automotive heat shield market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global automotive heat shield market report has been segmented on the basis of material type, vehicle type, product, and region.
Automotive heat shields are basically protecting heat wraps that help to avoid radiant heat damage to a car. An automotive heat shield reduces the amount of heat entering a vehicle's interior and protects body panels from engine exhaust heat.
Heat shields can reflect over 90% of heat. Heat shields are also used to cool engine mount vents. Automotive heat shields are mainly manufactured by using aluminum as a key raw material.
Heat shields are installed in the airbox, below the bonnets, and air-con cooling pipes. Also, to improve the efficiency of combustion heat shields are fitted to air intake inlets.
Growing demand for electric and hybrid vehicles is a key factor boosting the growth of the global automotive heat shield market.
In addition, increasing adoption of compression ignition engines and turbochargers across spark ignition, coupled with advancements in the technology of heat shields are major factors expected to fuel the growth of the global automotive heat shield market over the forecast period.
However, high raw material cost is a key factor expected to hamper the growth of the global automotive heat shield market.
Additionally, the preference for cheaper alternatives by major automotive OEMs for entry-level passenger cars is a major factor expected to hamper the growth of the global automotive heat shield market over the forecast period.
In terms of revenue, Asia Pacific is expected to remain dominant among other markets in the global automotive heat shield market over the forecast period, owing to increasing disposable income, rising demand for luxury vehicles, and industrial development in countries such as China, India, and Japan.
Also, the market in North America is expected to show significant growth over the forecast period, due to the rising demand for automobiles in the region.
Also, Europe is expected to be the fastest-growing market for automotive heat shields, due to the growing trend of engine downsizing and increasing vehicle production volume in the region.
Global Automotive Heat Shield Market Segmentation:
Global automotive heat shield market segmentation by material type:
Global automotive heat shield market segmentation by vehicle type:
- Passenger car
- Light commercial vehicle
- Heavy commercial vehicle
Global automotive heat shield market segmentation by product:
- Exhaust and header wrap
- Thermal and heat shield sleeving
- Turbo heat shields
- Exhaust heat shield insulation
- Heatshield and thermal barriers
- Spark plug boot heat shields
Global automotive heat shield market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Federal-Mogul LLC
- Dana Limited
- Lydall, Inc.
- UGN, Inc.
- Happich GmbH
- ElringKlinger AG
- Progress Werk Oberkirch AG
- Covpress Ltd.
- Morgan Advanced Materials
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