USD 10.70 billion
Automotive Heat Shield Market Size, Share, Growth Analysis, By By Product(Single Shell, Double Shell, and Sandwich), By By Application(Exhaust System, Turbocharger, Under Bonnet, Engine Compartment), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2273 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
80
Automotive Heat Shield Market Insights
Automotive Heat Shield Market size was valued at USD 11.1 billion in 2022 and is poised to grow from USD 11.5 billion in 2023 to USD 15.39 billion by 2031, growing at a CAGR of 3.7% during the forecast period (2024-2031).
The worldwide automobile heat defense marketplace is a critical thing of the automobile enterprise, imparting important thermal safety for automobiles. This evaluation offers a concise summary of the key developments and elements influencing the market. Automotive heat shields are designed to control and use up warmth generated with the aid of various automobile components, consisting of exhaust systems, engine bays, and brakes. These shields play a vital role in maintaining the overall performance and sturdiness of a car at the same time as enhancing passenger consolation and protection. One of the number one drivers of the car heat guard marketplace is the increasing stringency of emissions regulations worldwide. To observe these guidelines, automakers are adopting advanced engine technologies that generate better temperatures. Heat shields help include and redirect this warmness, decreasing emissions and improving gas efficiency. Additionally, the car industry's developing cognizance on electric and hybrid motors is using calls for heat shields.
Electric cars (EVs) and hybrids generate sizeable warmness from their batteries and strength electronics, necessitating effective thermal control answers. Moreover, customer needs for quieter and extra snug rides are boosting the adoption of heat shields. These shields help lessen noise and vibrations generated via the automobile's additives, contributing to a greater pleasant driving experience. The market additionally blessings from improvements in heat defend substances and production procedures, bearing in mind lighter-weight, value-effective answers. Advanced materials like thermal insulation coatings and composites are gaining traction in the industry.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Single Shell
Fastest Growth
Single Shell
Growth Rate
3.7% CAGR
Global Automotive Heat Shield Market ($ Bn)
Country Share Asia Pacific for Region (%)
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Automotive Heat Shield Market Segmental Analysis
The global automotive heat shield market is segmented on the basis of product, application, material, vehicle type and region. By Product, the market is segmented into Single Shell, Double Shell, Sandwich. By Application, the market is segmented into Exhaust System, Turbocharger, Under Bonnet, Engine Compartment, Under Chassis. By Material, the market is segmented into Metallic, Non-metallic. By Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicles. By vicinity, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Product
In the worldwide automobile warmth shield marketplace, single shell warmth shields are the maximum dominant and broadly used type in the automobile industry. These warmness shields include an unmarried layer or shell crafted from materials like aluminum, stainless steel, or composite materials. They are designed to protect numerous automobile components, which include exhaust structures, engine additives, and underbody parts, from the heat generated for the duration of operation. Single shell warmness shields are cost-effective and provide effective thermal insulation, making them the desired choice for many automotive manufacturers. Their massive adoption across various automobile sorts and fashions solidifies their dominance in the marketplace.
On the other hand, the quickest-growing section inside the international automotive warmth guard market is the sandwich heat shields. These warmness shields consist of more than one layer, which include an insulating middle material sandwiched among two outer layers. The insulating center is generally crafted from substances like aerogels or different advanced insulating materials. Sandwich warmness shields provide advanced thermal insulation properties and are getting increasingly more essential as automakers cognizance of decreasing emissions and enhancing fuel efficiency. They are in particular effective at managing warmness in hybrid and electric vehicles, which have specific thermal control demanding situations. As the automotive enterprise keeps to conform toward greener and greater efficient motors, the demand for sandwich heat shields is expected to develop rapidly, making this phase the fastest-growing in the market.
Analysis By Application
The engine compartment application section is dominant inside the automotive warmth protection market because of its vital role in managing heat in the vehicle. Heat shields within the engine compartment are essential for protecting touchy components, consisting of the engine itself, wiring harnesses, and different digital components, from excessive warmth generated all through engine operation. With increasing emphasis on car efficiency and emission control, current engines are designed to perform at higher temperatures, making effective heat shielding vital. Additionally, the growing call for electric motors (EVs) and hybrid automobiles has caused innovations in the warmth defensive era to manage the precise thermal demanding situations in these cars.
On the other hand, the Exhaust System software segment is one of the fastest-developing segments in the international automotive heat guard market. This boom is driven by several factors, which includes stringent emissions rules, the want to reduce noise, and the growing adoption of turbochargers and excessive-overall performance exhaust systems. Heat shields inside the exhaust gadget assist manage the excessive temperatures generated at some point of the combustion method and shield close by additives and surrounding systems from immoderate heat. As car manufacturers strive to fulfill emission standards at the same time as enhancing automobile overall performance, the call for superior exhaust device heat shields has surged. Additionally, the developing recognition of sports activities vehicles and performance-oriented cars contributes to the rapid growth of this section as automotive fanatics are looking for improved exhaust system heat control for better performance and sound.
Global Automotive Heat Shield Market By Product
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Automotive Heat Shield Market Regional Insights
The global automotive warmness guard marketplace is analyzed based totally on its regional presence, which incorporates North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia-Pacific stands because it is the dominant region in the international automotive heat shield marketplace. This is typically because of the widespread production and intake of vehicles in nations like China, Japan, India, and South Korea. The vicinity's dominance can be attributed to its sturdy automotive manufacturing enterprise, which results in a tremendous demand for warmth shields to manage exhaust warmness, improve gas performance, and decorate ordinary car overall performance. Additionally, the Asia-Pacific location reviews excessive weather situations, making effective thermal management crucial, further riding the demand for heat shields. The presence of key car producers and suppliers in this vicinity additionally contributes to its dominance.
As for the quickest growing phase, North America is emerging because of the quickest-growing location inside the international automotive warmth shield market. The vicinity is experiencing a surge in the demand for lightweight and gasoline-green cars, driven by strict emission policies and a growing choice for electric and hybrid vehicles. As a result, there is an elevated need for superior heat protect technology to manage the warmth generated by using alternative powertrains. Additionally, North America locations a robust emphasis on vehicle protection and noise reduction, similarly boosting the adoption of warmth shields. The rapid boom of electric car manufacturing and the presence of revolutionary automobile era businesses in North America are fueling the expansion of the car warmness shield marketplace inside the region.
Global Automotive Heat Shield Market By Geography
- Largest
- Fastest
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Automotive Heat Shield Market Dynamics
Drivers
Stringent Emission Regulations:
- Global emission rules have grown to be more and more strict, requiring car manufacturers to expand extra fuel-green and environmentally friendly cars. Heat shields play an important role in dealing with warmness generated by using diverse additives in the engine bay, exhaust device, and different vehicle regions. As a result, there has been a developing demand for car warmth shields to ensure compliance with emission requirements and enhance universal vehicle overall performance.
Rising Demand for Lightweight Materials:
- Automakers are usually in search of methods to lessen the load of cars to enhance gas efficiency and reduce emissions. Lightweight substances which include aluminum and advanced composites are getting used inside the production of warmth shields, which allows reducing the general weight of vehicles at the same time as still supplying powerful warmth control. This trend has driven the adoption of light-weight warmness shield answers within the car enterprise.
Restraints
Increasing Electrification of Vehicles:
- The shift toward electric powered automobiles (EVs) is an enormous fashion within the car industry. Unlike conventional internal combustion engine cars, EVs generate lots much less warmness at some point of operation. This reduced warmth output may additionally cause a decreased demand for conventional car warmth shields, specifically in EV powertrains. As the adoption of electrical vehicles continues to grow, it could affect the call for warmth shield additives.
Cost and Price Pressure:
- Automotive producers are underneath consistent stress to reduce prices and offer aggressive pricing to purchasers. This fee pressure can have an effect on the heat guard market as producers are searching for fee-powerful answers. While superior materials and designs can enhance heat defend performance, they can also increase production prices. Balancing the need for high-overall performance warmness shields with fee constraints can be a challenge for each supplier and automaker.
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Automotive Heat Shield Market Competitive Landscape
The international automotive heat defense market is characterized via excessive opposition among several key gamers striving to keep and make their marketplace presence bigger. Key participants inside the market encompass Autoneum, Dana Incorporated, Lydall Inc., ElringKlinger AG, and Tenneco Inc. These groups invest heavily in research and development activities to innovate and introduce superior warmness and protect answers. They also cognizance of expanding their product portfolios to cater to the evolving wishes of the car industry. Collaborations and partnerships with car producers are not unusual techniques to strengthen their market position. Competition within the marketplace is fueled by the demand for excessive-performance warmth shields, as automobile manufacturers are searching to decorate automobile safety and comply with stringent emissions standards. As the automobile industry continues to conform, the competitive landscape of the automotive warmth shield marketplace is predicted to remain dynamic, with innovation and technology driving differentiation among key players.
Top Player’s Company Profile
- Tenneco Inc. (United States)
- Dana Incorporated (United States)
- Lydall, Inc. (United States)
- Autoneum Holding AG (Switzerland)
- ElringKlinger AG (Germany)
- Sumitomo Riko Company Limited (Japan)
- Morgan Advanced Materials plc (United Kingdom)
- Trelleborg AB (Sweden)
- Darmstadt (United States)
- Progress-Werk Oberkirch AG (Germany)
- Zircotec Ltd. (United Kingdom)
- UGN, Inc. (United States)
- Happich GmbH (Germany)
- Nielsen Metal Industries (Denmark)
- Heatshield Products, Inc. (United States)
- Thermo-Tec Automotive Products, Inc. (United States)
- Autac Inc. (United States)
- TKG Group (Turkey)
- Silent Coat (United Kingdom)
- DBK Group (Germany)
- Mirotech (China)
- Firestone Building Products (United States)
- Heatcon Composite Systems (United States)
- Arlon Silicone Technologies Division (United States)
- Thermal Control Products (United States)
Recent Developments
- In June 2023: Autoneum Holding AG introduced the release of its new ceramic warmth protection generation. The new technology is designed to offer progressed warmth insulation and reduce noise emissions.
- In July 2023: Dana Limited introduced the expansion of its warmth shield manufacturing capacity in North America. The enlargement is predicted to satisfy the growing demand for warmth shields from electric motors.
- In August 2023: Lydall Inc. Announced the release of its new line of lightweight warmth shields made from recycled substances. The new line of warmth shields is designed to reduce weight and enhance gasoline efficiency.
- In September 2023: Tenneco Inc. Introduced the development of a new heat guard that is included with a catalytic converter. The new warmth shield is designed to improve the performance of the catalytic converter and reduce emissions.
Automotive Heat Shield Key Market Trends
- Increased Demand for Lightweight Materials: One notable fashion in the automobile industry, which includes the warmth shield segment, has been the pursuit of lightweight substances to enhance gas performance and reduce emissions. Automotive producers are searching out innovative ways to contain light-weight substances, inclusive of aluminum, excessive-electricity steel alloys, and composite materials, in heat shields. These materials provide effective thermal safety even as contributing to standard car weight loss, which is important for meeting stringent emissions requirements and enhancing gas economy.
- Growing Adoption of Electric and Hybrid Vehicles: The growing reputation of electric and hybrid cars has had an impact on the automobile warmth protection market. Electric and hybrid vehicles have different thermal traits in comparison to traditional inner combustion engine motors. They generate less waste heat, but there are nonetheless vital additives, together with batteries and electric automobiles, that require efficient thermal management and protection. As a result, there's a growing call for specialized heat shields designed for electric and hybrid automobiles.These heat shields need to be adapted to the unique thermal profiles and requirements of electric propulsion systems.
Automotive Heat Shield Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global automotive heat shield market analysis, the market plays a crucial role in enhancing vehicle performance and passenger safety by mitigating the effects of excessive heat generated within vehicles. This analysis provides a concise overview of key trends and factors influencing the market. The market's growth is primarily driven by the increasing demand for vehicles worldwide, coupled with the rising adoption of advanced thermal management solutions. As cars grow to be greater, powerful and compact, the want for effective warmth management structures, together with warmness shields, has grown. These shields guard touchy additives, reduce cabin temperatures, and improve gas efficiency. Stringent environmental rules and emissions standards have also fueled the demand for automobile warmth shields. They help prevent warmth-associated damage to emission-managed additives, such as catalytic converters and exhaust structures, making sure compliance with emissions policies. The automobile industry's continuous attention on lightweighting to improve fuel performance and reduce emissions has driven improvements in warmth guard materials. Advanced substances, inclusive of light-weight composites and ceramics, are more and more changing traditional substances like metallic, contributing to weight loss and stepped forward performance. Moreover, the electric car (EV) marketplace affords a brand new avenue for warmth protect producers. EVs require green thermal control to hold battery fitness and passenger consolation, boosting the demand for specialized heat protect solutions. Challenges facing the market consist of fee pressures and severe competition among producers. Additionally, the evolving landscape of electrical and self sustaining cars introduces new complexities and possibilities for warmth shield development. In conclusion, the global automobile warmth shield marketplace is predicted to develop progressively, driven by means of the increasing automobile industry, regulatory mandates, and improvements in substances and technology. As cars maintain to adapt, the function of heat shields in ensuring overall performance, safety, and environmental compliance will remain essential.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 10.70 billion |
| Market size value in 2030 | USD 14.84 billion |
| Growth Rate | 3.7% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Heat Shield Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Heat Shield Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Heat Shield Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Heat Shield Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Heat Shield Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Heat Shield Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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