Automotive Heat Shield Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Automotive Heat Shield Market reached at USD 11.7 billion in 2023 and is anticipated to grow at a CAGR of 5.2% from 2024 to 2032. This expansion is largely driven by the growing integration of turbochargers in gasoline and diesel engines, creating a demand for effective heat management solutions. Turbochargers, often reaching temperatures over 1000°C, require reliable thermal management systems. Automotive heat shields help protect engine components and vehicle structures from excessive heat, maintaining turbocharger efficiency and durability by limiting heat loss. In addition, consumer expectations around vehicle comfort and safety fuel demand for advanced thermal management.
Heat shields are crucial in preventing heat transfer to the vehicle’s cabin, and enhancing passenger comfort, especially in high-performance vehicles and hot climates. Additionally, they improve safety by shielding flammable parts from heat sources, reducing fire risks. As automotive manufacturers focus on delivering superior comfort and safety, the demand for sophisticated heat shields is rising. The market is segmented by product into single-shell, double-shell, and sandwich heat shields.
The single-shell heat shield segment held over 45% share in 2023, with forecasts suggesting it will exceed USD 8 billion by 2032. Single-shell heat shields protect components like exhaust systems and engine parts from thermal damage. While lacking the insulation capabilities of multi-layer shields, they are suitable for many automotive applications requiring straightforward heat prevention. The market is further segmented by vehicle type into passenger and commercial vehicles. By 2032, the passenger vehicle segment is projected to surpass USD 13.5 billion in value, driven by heightened consumer interest in comfort and safety.
Enhanced heat shield solutions are increasingly incorporated into passenger vehicles to lower cabin heat from engine and exhaust systems, providing a more comfortable and enjoyable ride. Furthermore, heat shields protect critical components, contributing to safer vehicle operation across varied driving conditions. China's automotive heat shield market accounted for over 40% share in 2023, propelled by rapid advancements in the country’s automotive sector. Domestic manufacturers invest in R&D for advanced materials and manufacturing techniques tailored to new-generation engines and electric powertrains.With the expansion of product lines to meet evolving thermal challenges, the demand for high-performance heat shields is expected to increase, driving significant market growth.
Heat shields are crucial in preventing heat transfer to the vehicle’s cabin, and enhancing passenger comfort, especially in high-performance vehicles and hot climates. Additionally, they improve safety by shielding flammable parts from heat sources, reducing fire risks. As automotive manufacturers focus on delivering superior comfort and safety, the demand for sophisticated heat shields is rising. The market is segmented by product into single-shell, double-shell, and sandwich heat shields.
The single-shell heat shield segment held over 45% share in 2023, with forecasts suggesting it will exceed USD 8 billion by 2032. Single-shell heat shields protect components like exhaust systems and engine parts from thermal damage. While lacking the insulation capabilities of multi-layer shields, they are suitable for many automotive applications requiring straightforward heat prevention. The market is further segmented by vehicle type into passenger and commercial vehicles. By 2032, the passenger vehicle segment is projected to surpass USD 13.5 billion in value, driven by heightened consumer interest in comfort and safety.
Enhanced heat shield solutions are increasingly incorporated into passenger vehicles to lower cabin heat from engine and exhaust systems, providing a more comfortable and enjoyable ride. Furthermore, heat shields protect critical components, contributing to safer vehicle operation across varied driving conditions. China's automotive heat shield market accounted for over 40% share in 2023, propelled by rapid advancements in the country’s automotive sector. Domestic manufacturers invest in R&D for advanced materials and manufacturing techniques tailored to new-generation engines and electric powertrains.With the expansion of product lines to meet evolving thermal challenges, the demand for high-performance heat shields is expected to increase, driving significant market growth.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definition
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 Component manufacturers
3.2.3 Automotive OEM
3.2.4 Distributors
3.2.5 End Use
3.3 Profit margin analysis
3.4 Technology differentiators
3.4.1 Advanced material science
3.4.2 Thermal efficiency of multi-layer heat shields
3.4.3 Customization & design flexibility
3.4.4 Sustainability
3.4.5 Others
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Increasing adoption of turbochargers
3.7.1.2 Growing automotive production in emerging markets
3.7.1.3 Increasing vehicle comfort and safety demands
3.7.1.4 Stringent emission regulations
3.7.2 Industry pitfalls & challenges
3.7.2.1 Material cost fluctuations
3.7.2.2 Supply chain disruptions
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT, 2021 - 2032 ($BN, UNITS)
5.1 Key trends
5.2 Single shell
5.3 Double shell
5.4 Sandwich
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY VEHICLE, 2021 - 2032 ($BN, UNITS)
6.1 Key trends
6.2 Passenger vehicles
6.3 Commercial vehicles
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY MATERIAL, 2021 - 2032 ($BN, UNITS)
7.1 Key trends
7.2 Metallic
7.3 Ceramic
7.4 Composite
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2021 - 2032 ($BN, UNITS)
8.1 Key trends
8.2 OEM
8.3 Aftermarket
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021 - 2032 ($BN, UNITS)
9.1 Key trends
9.2 Underbody heatshield
9.3 Engine
9.4 Exhaust
9.5 Turbocharger
9.6 Transmission
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021 - 2032 ($BN, UNITS)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Spain
10.3.5 Italy
10.3.6 Russia
10.3.7 Nordics
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 ANZ
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
CHAPTER 11 COMPANY PROFILES
11.1 Alpha Engineered Components
11.2 Anhui Parker New Material
11.3 Autoneum
11.4 Boyd
11.5 Carcoustics
11.6 Dana
11.7 Design Engineering
11.8 ElringKlinger
11.9 Frenzelit
11.10 Freudenberg Sealing Technologies
11.11 Happich
11.12 Heatshield Products
11.13 Lydall
11.14 Morgan Advanced Materials
11.15 Sumitomo Riko
11.16 Talbros
11.17 Tenneco
11.18 Thermo-Tec Automotive
11.19 UGN
11.20 Zircotec
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definition
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 Component manufacturers
3.2.3 Automotive OEM
3.2.4 Distributors
3.2.5 End Use
3.3 Profit margin analysis
3.4 Technology differentiators
3.4.1 Advanced material science
3.4.2 Thermal efficiency of multi-layer heat shields
3.4.3 Customization & design flexibility
3.4.4 Sustainability
3.4.5 Others
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Increasing adoption of turbochargers
3.7.1.2 Growing automotive production in emerging markets
3.7.1.3 Increasing vehicle comfort and safety demands
3.7.1.4 Stringent emission regulations
3.7.2 Industry pitfalls & challenges
3.7.2.1 Material cost fluctuations
3.7.2.2 Supply chain disruptions
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT, 2021 - 2032 ($BN, UNITS)
5.1 Key trends
5.2 Single shell
5.3 Double shell
5.4 Sandwich
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY VEHICLE, 2021 - 2032 ($BN, UNITS)
6.1 Key trends
6.2 Passenger vehicles
6.3 Commercial vehicles
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY MATERIAL, 2021 - 2032 ($BN, UNITS)
7.1 Key trends
7.2 Metallic
7.3 Ceramic
7.4 Composite
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2021 - 2032 ($BN, UNITS)
8.1 Key trends
8.2 OEM
8.3 Aftermarket
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021 - 2032 ($BN, UNITS)
9.1 Key trends
9.2 Underbody heatshield
9.3 Engine
9.4 Exhaust
9.5 Turbocharger
9.6 Transmission
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021 - 2032 ($BN, UNITS)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Spain
10.3.5 Italy
10.3.6 Russia
10.3.7 Nordics
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 ANZ
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
CHAPTER 11 COMPANY PROFILES
11.1 Alpha Engineered Components
11.2 Anhui Parker New Material
11.3 Autoneum
11.4 Boyd
11.5 Carcoustics
11.6 Dana
11.7 Design Engineering
11.8 ElringKlinger
11.9 Frenzelit
11.10 Freudenberg Sealing Technologies
11.11 Happich
11.12 Heatshield Products
11.13 Lydall
11.14 Morgan Advanced Materials
11.15 Sumitomo Riko
11.16 Talbros
11.17 Tenneco
11.18 Thermo-Tec Automotive
11.19 UGN
11.20 Zircotec
