Automotive Heatshield Market is segmented by Vehicle Type (Passenger Cars, LCV, and HCV), Material Type (Aluminum, Stainless Steel, and Aluminized Steel), Application Type (Underbody Heatshield, Engine, Tank Heatshield, Catalytic Converter, Exhaust Manifold, Starter Motor, Turbocharger, and Others), Sales Channel Type (OEM and Aftermarket), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Automotive Heatshield Market is segmented by Vehicle Type (Passenger Cars, LCV, and HCV), Material Type (Aluminum, Stainless Steel, and Aluminized Steel), Application Type (Underbody Heatshield, Engine, Tank Heatshield, Catalytic Converter, Exhaust Manifold, Starter Motor, Turbocharger, and Others), Sales Channel Type...
“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.”
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
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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).
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?
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.
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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.
Dana Limited, DuPont., Frenzelit, Autoneum Holding AG, Morgan Advanced Material, and Elringklinger AG are among the key players in the automotive heatshield market.