North America Automotive Heat Shield Market Growth & Trends
The North America automotive heat shield market size is expected to reach USD 2.60 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.6% from 2021 to 2028. Increasing adoption of electric vehicles coupled with need for improved thermal management in the IC engines to boost engine efficiency is expected to propel demand for the automotive heat shields in the coming years.
The increased adoption of electric and hybrid electric vehicles is one of the prime factors likely to contribute to the growth of the market over the forecast period. For instance, in 2019, the U.S. electric car manufacturer Tesla delivered 367,500 electric vehicles worldwide, whereas, in 2020, the deliveries reached their peak at 509,737globally, with U.S. accounting for 50% of the global sale.
North America Automotive Heat Shield Market Report Scope
Report Attribute | Details |
Market size value in 2021 | USD 1.96 billion |
Revenue forecast in 2028 | USD 2.60 billion |
Growth rate | CAGR of 3.6% from 2021 to 2028 |
Base year for estimation | 2020 |
Historical data | 2017 - 2019 |
Forecast period | 2021 - 2028 |
Dana Limited manufactures different types of automotive heat shields including heat shields with integrated gaskets, aluminum, direct insulation, insulated & sound-absorbing heat shields. Morgan Advanced Materials uses its shell technology and sandwich technology for durable and lightweight automotive heat shields. Its shell technology uses Super wool and glass or silica fiber for high thermal performance solutions.
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North America Automotive Heat Shield Market Report Highlights
- The single-shell segment dominated the market and accounted for over 55% of market share in 2020 owing to its prevalent use in passenger cars and HCVs. Sandwich heat shields are expected to grow at a CAGR of 4.3% over the forecast period owing to growing use in exhaust pipes and catalytic converters against heat and moisture intrusion of saltwater corrosion.
- The engine compartment segment was the largest application and accounted for more than 30% of revenue share in 2020. Automotive heat shield finds vast applications in various parts and components of engine compartment as this space accounts for the maximum heat dissipation.
- Non-metallic segment is expected to witness surge in demand, growing at a CAGR of 4.1% over the forecast period owing to manufacturers opting for lightweight products with better thermal efficiency.
- The product demand in Mexico is expected to be driven by increasing investments by automotive manufacturers in the region. Mexico has emerged as a manufacturing hub supported by favorable government policies, trade policies, and availability of skilled labor.
- Prominent players including Dana Limited, DuPont, Morgan Advanced Materials, Zircotec, and Autoneum are engaged in designing and developing automotive heat shields with different product specifications and technologies.
Access Press Release@ https://www.grandviewresearch.com/press-release/north-america-automotive-heat-shield-market-analysis
North America Automotive Heat Shield Market Segmentation
Grand View Research has segmented the North America automotive heat shield market on the basis of product, application, material, vehicle-type and region:
North America Automotive Heat Shield Product Outlook (Revenue, USD Million; 2017 - 2028)
- Single-shell
- Double-shell
- Sandwich
North America Automotive Heat Shield Application Outlook (Revenue, USD Million; 2017 - 2028)
- Exhaust system
- Turbocharger
- Under Bonnet
- Engine Compartment
- Under Chassis
North America Automotive Heat Shield Material Outlook (Revenue, USD Million; 2017 - 2028)
- Metallic
- Non-metallic
North America Automotive Heat Shield Vehicle-type Outlook (Revenue, USD Million; 2017 - 2028)
- IC Passenger Cars
- IC Light Commercial Vehicles
- IC Heavy Commercial Vehicles
- Electric Vehicles
North America Automotive Heat Shield Regional Outlook (Revenue, USD Million; 2017 - 2028)
- North America
- US.
- Canada
- Mexico
List of Key Players of North America Automotive Heat Shield Market
- DuPont
- DANA Incorporated
- Zircotec
- Morgan Advanced Materials
- Autoneum
- ElringKlinger AG
- Lydall Inc.
- Tenneco Inc.
- Carcoustics
- UGN Inc.
- HKO Group
- Shiloh Industries, Inc.
- The Narmco Group
- NICHIAS Corporation
- Röchling SE & Co. KG
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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