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    Automotive Heatshield Market Analysis | 2023-2028

    Automotive Heatshield Market Analysis | 2023-2028
    Report code - SRTI202 Delivery - 2 Weeks
    Automotive Heatshield Market Size, Share, Trend, Forecast & Industry Analysis: 20 See more...

    “The Automotive Heatshield Market was estimated at US$ 2.17 billion in 2022 and is expected to grow at a CAGR of 4% during 2023-2028 to reach US$ 2.75 billion by 2028.” 

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    Market Highlights

    Introduction

    An automotive heatshield is a vehicle component that protects sensitive parts from excessive heat generated by the engine or exhaust system. It acts as a barrier, using materials with good thermal insulation properties, to prevent heat transfer to adjacent components. Maintaining optimal operating temperatures prevents damage such as overheating or melting. Heat shields are strategically placed near high-temperature areas like the exhaust manifold or catalytic converter. They contribute to vehicle performance, efficiency, and durability by preserving engine performance, protecting electronics and fuel lines, and minimizing heat transfer into the cabin for passenger comfort.

    Automotive Heatshield Market Report Overview

    Market Size in 2028

    USD 2.75 Billion

    Market Size in 2022

    USD 2.17 Billion

    Market Growth (2023-2028)

    4%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    The prime factor contributing to the demand for automotive heatshield is increasing passenger car production and demand in emerging economies owing to the increasing disposable income of consumers. The market is experiencing significant expansion.

    Driving Factors:

    • Increasing vehicle production.

    • Stricter emission regulations.

    • Rising demand for fuel-efficient vehicles.

    Importance of Heatshields:

    • Protect sensitive vehicle parts from excessive heat.

    • Improve overall performance and durability.

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    Impact of Electric and Hybrid Vehicles:

    • Growing popularity increases demand for efficient thermal management solutions.

    Technological Advancements:

    • Development of lightweight and cost-effective heatshield solutions.

    Challenges:

    • Intense competition.

    • Fluctuating raw material prices.

    • The continuous need for innovation.

    Segments Analysis

    Automotive-Heatshield-Market-Dominant-Segments

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    By Vehicle Type

    The passenger cars segment held the largest share of the market.”

    The market is segmented into passenger cars, LCVs, and HCVs. The passenger cars segment held the largest share of the market and is expected to remain dominant during the forecast period. Growing disposable income of consumers in emerging economies, a significant development in the Asia-Pacific region, and growing penetration of low-to-mid-cost cars are the major factors behind the dominance of the segment in the global market.

    Segmentations

    List of Sub Segments

    Dominant and Fastest-Growing Segments

    Vehicle Type

    Passenger Cars, LCV, and HCV

    The passenger cars segment held the largest share of the market and is expected to remain dominant during the forecast period.

    Application Type

    Underbody Heatshield, Engine, Tank Heatshield, Catalytic Converter, Exhaust Manifold, Starter Motor, Turbocharger, and Others

    Engine application is likely to remain the dominant application of the market during the forecast period.

    Regional Basis

    North America, Europe, Asia-Pacific, and the Rest of the World.

    Asia-Pacific is estimated to be the largest as well as the fastest-growing market during the forecast period.

    By Application Type

    Engine application is likely to remain the dominant application.” 

    The automotive heatshield market is segmented as underbody heatshield, engine, tank heatshield, catalytic converter, exhaust manifold, starter motor, turbocharger, and others. Engine application is likely to remain the dominant application of the market during the forecast period. Heatshield for engine applications is designed to effectively manage radiant, convective, and conductive heat from the front and the back of a vehicle.

    Regional Analysis

    “Asia-Pacific is estimated to be the largest as well as the fastest-growing market during the forecast period.”

    China, Japan, India, and South Korea are the major countries with lucrative growth opportunities. The growth of the market is majorly driven by significant economic development in the regions and the growing disposable income of consumers which is driving the growth of the automotive market and hence, automotive heatshield.

    North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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    Key Players

    The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. 

    The following are the key players in the automotive heatshield market (arranged alphabetically).

    • Autoneum Holding AG
    • Dana Limited
    • DuPont
    • Elringklinger AG.
    • Frenzelit
    • Morgan Advanced Material

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Automotive Heatshield Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Automotive Heatshield Market realities and future market possibilities for the forecast period. The report segments analyze the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players).
    • SWOT analysis of key players (up to three players).

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    An automotive heat shield is a vehicle component that protects sensitive parts from excessive heat generated by the engine or exhaust system. It acts as a barrier, using materials with good thermal insulation properties, to prevent heat transfer to adjacent components. Maintaining optimal operating temperatures prevents damage such as overheating or melting. Heat shields are strategically placed near high-temperature areas like the exhaust manifold or catalytic converter. They contribute to vehicle performance, efficiency, and durability by preserving engine performance, protecting electronics and fuel lines, and minimizing heat transfer into the cabin for passenger comfort.

    The Automotive Heatshield Market is expected to grow at a healthy CAGR of 4% during the forecast period.

    Dana Limited, DuPont., Frenzelit, Autoneum Holding AG, Morgan Advanced Material, and Elringklinger AG are among the key players in the automotive heatshield market.

    The Automotive Heatshield Market is likely to reach US$ 2.75 billion by 2028.

    Engine application is expected to remain the dominant application type in the automotive heatshield market in the coming five years.

    Asia-Pacific is expected to remain the largest automotive heatshield market during the forecast period.

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