Automotive Heat Shield Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
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.

Sizing and Forecast
The automotive heat shield market size has grown strongly in recent years. It will grow from $14.17 billion in 2023 to $15.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to engine efficiency concerns, emission regulations, material advancements, performance demands.

The automotive heat shield market size is expected to see strong growth in the next few years. It will grow to $19.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to electric vehicle growth, autonomous vehicles, global climate concerns, advanced manufacturing techniques. Major trends in the forecast period include integration of smart technologies, customization and personalization, sustainable solutions.

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Segmentation & Regional Insights
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

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

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Major Driver Impacting Market Growth
The growing focus on heat shields made of lightweight material is contributing to the growth of the automotive heat shield market. This type of heat shield decreases the weight of the car and also improves its efficiency. A lightweight heat shield provides thermal protection and increases the overall performance of the car as compared to heavy material. According to the Office of Energy Efficiency & Renewables Energy, a 10% reduction in vehicle weight can save up to 6-8% of fuel. The usage of lightweight components and efficient engines in one-quarter of the US fleet can save up to 5 billion gallons of fuel annually by 2030. Moreover, lightweight heat shields insulated with melamine foam can withstand up to 1000 °F. Another type of heat shield made with a thin layer of hydrophobic melamine foam for spot heat fix is temperature rated to 800 °F, the two heat shields are 98% reflective. The lightweight heat shield offering fuel efficiency and thermal protection is increasing focus on lightweight heatshield, which in turn driving the growth of the automotive heat shield market.

Key Industry Players
Major companies operating in the automotive heat shield market report are 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

The automotive heat shield market report table of contents includes:

1. Executive Summary

2. Automotive Heat Shield Market Characteristics

3. Automotive Heat Shield Market Trends And Strategies

4. Automotive Heat Shield Market – Macro Economic Scenario

5. Global Automotive Heat Shield Market Size and Growth

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31. Global Automotive Heat Shield Market Competitive Benchmarking

32. Global Automotive Heat Shield Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Automotive Heat Shield Market

34. Automotive Heat Shield Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Autoneum Nittoku Pvt. Ltd.

Carcoustics

ElringKlinger AG

Lydall Inc

Morgan Advanced Materials plc

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