Market Definition
A heat shield is a specially designed sheet that is used to protect various automotive components from the excessive heat generated by the engine and exhaust systems. It is essential in increasing an engine's power output by controlling the under-bonnet temperature and maintaining optimal thermal comfort inside the vehicle.
Global Heat Shield Market was valued at USD 4.19 billion in 2021 and is expected to reach USD 6.50 billion by 2029, registering a CAGR of 5.65% during the forecast period of 2022-2029. The "automotive" segment accounts for the largest growing end use segment in the heat shield market owing to its increased utilization of heat shield across automotive sector. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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These shields have gained popularity in recent years due to their low cost, ease of installation, and manufacturers' introduction of customizable and tailor-made variants. The improvement in the safety and performance of automotive components has become critical for heat shield manufacturers. The manufacturers are increasing their research and development efforts to develop lightweight fiber materials that offer heat and flame resistance. Consequently, owing to these determinants the market will gain lucrative growth.
Competitive Landscape and Heat Shield Market Share Analysis
The heat shield market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to heat shield market.
Some of the major players operating in the heat shield market are
- Morgan Advanced Materials (U.K.)
- Dana Limited (U.S.)
- Federal-Mogul Holding Corporation (U.S.)
- Autoneum (Switzerland)
- Lydall Inc. (U.S.)
- Heat Shield Products (U.S.)
- Progress-Werk Oberkirch AG (Germany)
- UGN Inc. (U.S.)
- Zircotec (U.K)
- .ThermoTec (U.S.)
- Elringklinger AG (Germany)
- Happich Gmbh (Germany)
- Carcoustics (Leverkusen)
- Datsons Engineering Works Private Limited (India)
- J&S GmbH Automotive Technology (Germany)
- NICHIAS Corporation (Japan)
- Dummins Inc (U.S.)
- Hyundai Motor Company (South Korea)
- MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan)
- MAHLE GmbH (Germany)
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Global Heat Shield Market Scope
The heat shield market is segmented on the basis of material type, product and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material Type
- Metallic Heat Shield
- Non-Metallic Heat Shield
Product
- Exhaust Heat Shield Insulation
- Turbo heat shield
- Spark Plug Boot Heat Shield
- Thermal and Heat Shield Sleeving
- Fire Arm Heat Shield
- Others
End-Use Industry
- Automotive
- Passenger cars
- Light commercial vehicles
- Heavy trucks
- Buses and coaches
- Aircraft
- Piston engine aircraft
- Turbine engine aircrafts
- Defense (Firearm)
Heat Shield Market Regional Analysis/Insights
The heat shield market is analyzed and market size insights and trends are provided by country, material type, product and end-use industry as referenced above.
The countries covered in the heat shield market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rising demand for heat shields in India and China as a result of increased car production in countries such as Japan, South Korea, and Taiwan within the region. The major players are heavily investing in this region, as well as conducting new product development activities to provide better heat shielding solutions.
North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rising car production in countries such as the United States (U.S.), Canada, and others, there is an increase in transportation infrastructure projects requiring advanced technology within the region. Leading companies are heavily investing in research and development activities and new product launches to provide better heat shielding solutions to their customers.
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The Heat Shield Market 2021 research report gives emerging industry data, global segments and regional outlook.
This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2020 to 2027.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global heat shield market are Autoneum Holdings AG, Dana Holding Corporation, Elringklinger AG, Federal-Mogul Holding Corporation, Lydall Inc., Morgan Advanced Materials, Progress-Werk Oberkirch AG, ThermoTec Automotive, UGN Inc., Zircotec, and others.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Heat Shield Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/heat-shield-market/download-sampleMarket DynamicsThe increasing demand for heat shield in the automotive industry as a large amount of heat is dissipated by internal combustion engines and heat shields are used on most engines to protect the auto-components is escalating the market growth.
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