With 3.1% CAGR, Automotive Heat Shield Market to hit US$ 13.4 Billion by 2028

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.

Report Highlights

How big is the automotive heat shield market?

The global automotive heat shield market size reached US$ 11.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.1% during 2023-2028.

What is an automotive heat shield?

An automotive heat shield is a crucial component integrated into vehicles to protect sensitive parts from the intense heat generated by the engine, exhaust system, and other high-temperature components. Its primary function is to ensure that the heat generated during vehicle operation is effectively redirected away from critical areas, preventing damage and optimizing overall performance. It is typically made from various materials, such as metal, composites, or heat-resistant fabrics, that can withstand extreme temperatures without deforming or deteriorating. It is strategically placed in areas where the risk of heat transfer is high, such as around the exhaust manifold, catalytic converter, exhaust pipes, and muffler. By forming a thermal barrier, the heat shield protects nearby components, wiring harnesses, fuel lines, and other vulnerable parts from the detrimental effects of excessive heat. This enhances the overall durability and longevity of vehicle components as well as contributes to improved fuel efficiency and reduced emissions. The shield also plays a vital role in enhancing passenger comfort by minimizing the transfer of heat to the vehicle's interior, ensuring a more pleasant driving experience even in hot weather conditions. As a result, automotive heat shield finds extensive applications in vehicles to protect sensitive components and passengers from the high temperatures generated by the engine and exhaust system across the globe.

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What are the growth prospects and trends in the automotive heat shield industry?

The global automotive heat shield market is primarily driven by the widespread adoption of high-performance engines and exhaust systems that generate more heat due to stringent emission regulations and fuel efficiency standards. Moreover, the growing popularity of electric and hybrid vehicles (EVs), which has created new challenges related to managing battery and powertrain heat, has augmented the demand for innovative heat shield technologies. Apart from this, hefty investments by automakers in heat shields to minimize heat transfer and noise pollution inside the vehicle cabin on account of the rising consumer expectations for enhanced driving comfort and reduced noise levels are propelling the market growth. Additionally, the emerging trend of lightweight vehicle design aimed at improving fuel economy has accelerated the adoption of advanced lightweight heat shield materials. Along with this, the expansion of the automotive aftermarket owing to the elevating need for replacement parts and customization options is positively influencing the market growth. Besides this, the increasing demand for luxury vehicles and premium features has escalated the requirement for high-quality heat shielding solutions in the automotive sector. Furthermore, numerous technological advancements in heat shield design and manufacturing processes, such as simulation modeling and additive manufacturing, that have enabled the development of more efficient and cost-effective heat shielding solutions are contributing to market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Material:

Metallic
Non-Metallic

Breakup by Product:

Single Shell
Double Shell
Sandwich Type

Breakup by Application:

Exhaust System
Turbocharger
Under Bonnet
Engine Compartment
Under Chassis
Others

Breakup by Vehicle Type:

Passenger Car
Commercial Vehicles
Others

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

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Who are the key players operating in the industry?

The report covers the major market players including:

Autoneum
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.
Zircotec.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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