Global Automotive Heat Shield Market Overview And Prospects
Learn about the global automotive heat shield market through The Business Research Company, which provides information on automotive heat shield market size, automotive heat shield market drivers and restraints, automotive heat shield market players, the COVID-19 impact on the automotive heat shield market, and more.
The global automotive heat shield market is expected to grow from $9.89 billion in 2020 to $11.82 billion in 2021 at a compound annual growth rate (CAGR) of 19.5%. The growth in the automotive heat shield market is mainly due to growing demand for automotive equipment. The market is expected to reach $15.49 billion in 2025 at a CAGR of 7%.
The growing focus on heat shields made of lightweight material is expected to drive innovation in automotive heat shield manufacturing, thus driving the market during the forecast period.
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The automotive heat shield market consists of sales of automotive heat shields by entities (organizations, sole traders, and partnerships) that manufacture automotive heat shields that are designed to absorb excessive heat by absorbing, reflecting, or dissipating the heat. A heat shield is expected to have high thermal resistance and high thermal emittance. The heat shield helps in protecting the parts from the heat and also deflecting them away or by absorbing them.
Global automotive heat shield market segments include:
By Material Type: Metallic, Non-Metallic
By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
By Product Type: Single Shell, Double Shell, Sandwich
By Application: Exhaust System Heat Shield, Turbocharger Heat Shield, Under Bonnet Heat Shield, Engine Compartment Heat Shield, Under Chassis
By Sales Channel: OEM, Aftermarket
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the automotive heat shield market in 2020.
The companies in the market are increasingly investing in soundproof heat shields. Soundproof heat shields are increasingly being used to meet some of the government rules for noise reduction.
TBRC’s automotive heat shield market report covers:
Major Market Players: Autoneum, Carcoustics, Dana Incorporated, Elringklinger, Lydall, Morgan Advanced Materials, Tenneco, UGN, Covpress, DuPont, Federal-Mogul Corporation, Happich, Sumitomoriko, Talbros Automotive Components, Tuopu, Zhuzhou Times, and Zircotec.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Automotive Heat Shield Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides automotive heat shield market overviews, analyzes and forecasts market size, share, automotive heat shield market players, automotive heat shield market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s automotive heat shield market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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