North America Automotive Heat Shield Market Size By Application (Commercial Vehicles and Passenger Vehicles), By Type (Rigid Heat Shield and Flexible Heat Shield), And Forecast
Published on: 2024-08-14 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
North America Automotive Heat Shield Market Size By Application (Commercial Vehicles and Passenger Vehicles), By Type (Rigid Heat Shield and Flexible Heat Shield), And Forecast
North America Automotive Heat Shield Market Size And Forecast
North America Automotive Heat Shield Market size was valued at USD 1,581.32 Million in 2022 and is projected to grow to USD 2,094.42 Million by 2030 with a CAGR of 3.52% between 2023-2030.
The automotive industry in North America is changing dramatically as a result of the increased demand for highly mobile and high-performance vehicles. The North America report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Automotive Heat Shield Market Executive Summary
Heat shields are typically thought of as radiation shields, restricting heat emitted from a heated surface to a cold surface. Heat shields are used in a number of applications. Different industries utilize various types of heat shields to fulfill the needs of their applications and the surrounding environment. They are extensively employed in the automobile sector to isolate the engine block in order to minimize heat damage to the bodywork and internal components. Automotive heat shields are a type of thermal barrier meant to protect the vehicle’s sensitive components and any combustible things that may come into contact with the vehicle’s underbelly from the intense heat created by the engine.
Heat shields are an important aspect of any vehicle because they protect other parts from the high temperatures produced by the exhaust pipe. They not only enhance performance and fuel economy, but they also promote safety by lowering the danger of damage caused by high temperatures. Heat shields are provided by businesses to protect personnel from physical danger, to prevent the ignition of flammable substances, to limit heat damage in the surrounding environment, and to lower temperatures. They can also increase performance by decreasing under-hood heat and intake air temperature (IAT), which are both important for engine performance.
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North America Automotive Heat Shield Market Outlook
The automotive industry in North America is changing dramatically as a result of the increased demand for highly mobile and high-performance vehicles. This shift has far-reaching ramifications for vehicle design and engineering, notably for thermal management technology such as automotive heat shields. Manufacturers are responsible for addressing the specific thermal concerns associated with this development, as purchasers want cars with more speed, flexibility, and overall performance. The overall tendency in the automobile industry is shifting towards lightweight components. Manufacturers are prioritizing fuel efficiency, pollution reduction, and overall vehicle performance, which has raised the demand for lightweight alternatives. This need has permeated several car components, such as heat shields, which are crucial for managing excess heat generated during vehicle operation.
The introduction of stringent emission regulations has had an impact on the North American automotive heat shield business, pushing demand for adequate car thermal management systems. As the industry embraces electric and hybrid vehicles, as well as autonomous driving technology, opportunities for creating specialised heat shielding solutions abound. Stringent pollution controls have been a driving force behind automotive progress. Automobile manufacturers are being pushed to build more fuel-efficient and environmentally friendly vehicles as governments and regulatory bodies in North America and across the world emphasise the reduction of greenhouse gas emissions and pollutants. By addressing issues regarding thermal management, weight reduction, and overall vehicle economy, heat shield material innovation is altering the car industry. The growing emphasis on lightweight heat shields is propelling the automotive heat shield sector forward. This type of heat shield decreases vehicle weight while increasing efficiency.
North America Automotive Heat Shield MarketSegmentation Analysis
The North America Automotive Heat Shield Market is segmented on the basis of Application and Type.
North America Automotive Heat Shield Market, By Type
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Based on Type, the market is segmented into Rigid Heat Shield and Flexible Heat Shield. Rigid Heat Shield accounted for the largest market share over 50% in 2022 whereas Hybrid Silica is projected to grow at the highest CAGR in the forecast period. Rigid heat shields, as opposed to flexible heat shields made of materials such as heat-resistant fabrics, are made of solid materials that provide a robust barrier to heat. They are often used in car applications to decrease heat-related damage, promote safety, and boost performance.
North America Automotive Heat Shield Market, By Application
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By Application, the market is segmented into Commercial Vehicles and Passenger Vehicles. Commercial passengers accounted for over 50% of the market share in 2022. The rise in the sales of commercial vehicles in North America is driving the demand for automotive heat shields. As the sales of these vehicles escalate, the amount of heat shields used in automotive vehicles increases, thereby contributing to the growth of this market.
Key Players
The major players in the market are; Heatshield Products, DUPONT, Autoneum, Elringklinger, Tenneco, DANA, UGN Inc., Lydall, Morgan, JBC Technologies, Carcoustics, and others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Company Market Ranking Analysis
The company ranking analysis provides a deeper understanding of the top 5 players operating Automotive heat shield Market. takes into consideration several factors before providing a company ranking. The top three players for the Automotive heat shield Market are Tenneco, Dupont and Dana Incorporated. The factors considered for evaluating these players include company’s brand value, product portfolio (including product variations, specifications, features and price), company presence across major regions, product related sales obtained by the company in recent years and its share in the total revenue. further study the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance their market presence globally or regionally. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various Automotive heat shield Markets.
Company Regional Footprint
The company’s regional section provides geographical presence, regional level reach, or the respective company’s sales network presence. For instance, Dupont has its presence in United States, Canada and Mexico
All the companies considered for profiling are reviewed similarly under this section. These sections help us to understand the overall Automotive heat shield Market presence on a North America and country level.
Ace Matrix
This section of the report provides an overview of the company evaluation scenario in the Automotive heat shield Market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as the product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2019-2030 |
BASE YEAR | 2022 |
FORECAST PERIOD | 2023-2030 |
HISTORICAL PERIOD | 2019-2021 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Heatshield Products, DUPONT, Autoneum, Elringklinger, Tenneco, DANA, UGN Inc., Lydall, Morgan, JBC Technologies, Carcoustics, and others. |
SEGMENTS COVERED | Application and Type |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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