According to The Business Research Company’s Automotive Heat Shield, The automotive heat shield market size has grown strongly in recent years. It will grow from <b>$14.17 billion in 2023 to $15.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. </b> The growth in the historic period can be attributed to engine efficiency concerns, emission regulations, material advancements, performance demands.
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The automotive heat shield market size is expected to see strong growth in the next few years. It will grow to <b>$19.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. </b> 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.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.
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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 Soundproof heat shields are increasingly being used to meet some of the government rules for noise reduction. For instance, Autoneum, a Swiss-based leading manufacturer in thermal insulation of vehicles and vehicle acoustics has come up with acoustic heat shields built from Autoneum’s RIMIC technology which reduces noise emission of the vehicle. It changes over the airborne sound into thermal energy and absorbs it. The heat shield can absorb high-frequency sounds ranging from 2-6 kHz. Several car manufacturers including BMW, Mercedes Benz, and Volvo among others are using these types of heat shields.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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26. South America Automotive Heat Shield Market
27. Brazil Automotive Heat Shield Market
28. Middle East Automotive Heat Shield Market
29. Africa Automotive Heat Shield Market
30. Automotive Heat Shield Market Competitive Landscape And Company Profiles
Top Major Players:
- Autoneum Nittoku Pvt. Ltd.
- Carcoustics
- Dana Incorporated
- ElringKlinger AG
- Lydall Inc
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