Heat Shield Market - Forecast(2024 - 2030)

Report Code: AM 36559 Report Format: PDF + Excel

Heat Shield Market Overview

Heat Shield Market is estimated to witness $4.3 billion by 2026 with a CAGR 4.96% during the forecast period 2021-2026. Heat shields are utilised to protect the device's parts against the heat from their sources. The constant increase in the automotive sector and the number of temperature-sensitive components in the modern car is boosting the demand for the Metallic heat shield. Moreover, integration and customization of heat shields with advanced technologies has been able to ensure new and innovative heat shielding components for Plug in Hybrid Electric Vehicle and an increase in production of Hybrid electric vehicle is driving the Heat Shield Market size. In addition, increasing disposable income and the rise in consumer preference towards luxury vehicles are factors propelling the Heat shield Industry.

Report Coverage

The report: “Heat Shield Market Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Heat Shield Industry.

By Product Type– Rigid Heat Shields, Flexible Heat Shields.

By Application- Automotive, Aircraft, Defense and others.

By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina, colombia and others), Europe (Germany, UK, France, Spain, Italy and Others), APAC(China, Japan,South Korea, India, Australia and Others), and RoW (Middle east and Africa)

Key Takeaways

  • Automotive segment is estimated to witness substantial growth over the forecasted period owing to the rising demand for luxury cars, to protect the heat sensitive components from heat generated by it due to high performance engine. Thus heat shield is used thereby boosting the market demand.
  • Asia-Pacific is estimated to witness largest heat shield market share followed by North America owing to the high rate of automotive production and the presence of manufacturers.

Heat Shield Market Value Share, By Application, 2020 (%)

Heat Shield Market

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Heat Shield Market Segment Analysis- By Type

Rigid Heat Shield held major share of 58.1% in 2020. It is lightweight, corrugated aluminium construction used to protect heat-sensitive electronics and materials under hood in automotive applications. Moreover, weight reduction has become an increasingly important enabler for improving fuel economy and lowering emissions. As a result, the competitive application of engine reduction policies, as well as the proliferation of turbo loads, create a need for thermal management products that are more effective and easier to use in order to protect heat-sensitive electronics and materials. Thus such factors are estimated to drive the market.

Heat Shield Market Segment Analysis - By Application

Automotive segment is estimated to witness substantial growth with a CAGR of 5.18% over the forecasted period as most of Heat shields are important for luxury cars as they have high-performance engines and protect heat sensitive components. And as a result of increased demand for luxury cars, the market for heat shields is projected to propel. Moreover, technological advancement in the heat shield is driving market demand. For example, in 2020 Florida State University College of Engineering researchers began developing a heat shield design that better protects the aircraft structures. As flight systems become more and more moderate, even reaching hypersonic systems that travel at 5 times the speed of sound, a much better thermal protection system is required; thus, due to such innovation, it can achieve such protection level and boost market demand for heat shield.

Heat Shield Market Segment Analysis – By Geography

Asia-Pacific is estimated to witness largest share 30.1% in heat shield market share followed by North America owing to the high rate of automotive production as well as rise in disposable income and increased use of advanced electronics in the countries such as Japan, South Korea, India, and China. Moreover, rise in industrialization, availability of adequate amount of raw material and labour force as well as proper transportation are the major factor driving the heat shield market in APAC region. The demand for luxury cars has increased rapidly in the last five years in countries like India, China and Japan. Luxury cars have become a symbol of consumer predilection, creating more demand. In the luxury car market, China has seen the highest growth. As these cars generate more heat it requires head shield more frequently and thus boosting the demand for such head shield to protect the components. In 2019 Thermo-Tec's heat barrier products have been integrated into the Rogue Series, and the applications range from T3 and T4 turbocharger covers, to pipe shields and exhaust wrap. This integration is set to boost the market demand 

Heat Shield Market Segment Analysis Drivers

Technological advancement in vehicle

The introduction of turbo chargers in vehicles has increased the demand for heat shields, as these heat shields are used to resist heat from the sensitive components of such vehicles. Moreover the need for engine downsizing in smaller vehicles to meet emission standards is forcing automakers to turbocharge even entry-level vehicles and thus the rapid growth of turbocharged vehicles, particularly in fast-growing countries such as China and India, is expected to drive the heat shield market at a higher pace.

Increase engine power

Heat shields are designed to improve engine performance by lowering engine air intake temperature. It has been discovered that lower the intake temp the more power the engine can make and to lower such temperature heat shields are utilized. The rising awareness to improve engine performance and fuel efficiency is driving the heat shield market demand. The use of Heat Shields in conjunction with air filters can completely isolate the air filter from the engine bay and exhaust heat, improving engine performance. As a result of these factors, the demand for heat shields is projected to propel in the forecasted period.

Heat Shield Market Segment Analysis Challenges

High cost of material

High cost and replacement are the biggest impediment in the marketing of heat shields. Generally, they consumers don't wish to replace heating shields as consumers they exit their budget. The aftermarket for this heat shield tends to be more expensive as the installation cost also get higher.

Heat Shield Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Solar Cell Fabric market. Heat Shield top 10 companies – Autoneum Holding AG, Happich GmbH, Dana Holding Corporation, Federal Mogul Holding Corporation, Elringklinger AG, Lydall Inc., UGN Inc., ThermoTec Automotive, Zircotec, Morgan Advanced Materials, Progress-Werk Oberkirch AG, Talbros Automotive Components Ltd.

Acquisitions/Technology Launches

  • In 2021 ZircoFlex SHIELD was introduced by Zircotec. According to the manufacturer, ZircoFlex SHIELD outperforms competing heat-shield products in terms of thermal performance while weighing 40% less and taking up 46% less space, this introduction by Zircotec is estimated to gain the market demand.
  • In 2020 Talbros Automotive Components Limited has signed a Technical Assistance Agreement with Sanwa Packing Industry Co. Ltd for Light Weight Aluminium Heat Shields and is projected to boost the market demand. As this will be used in automotive applications and is a cutting-edge product technology that provides value-added features such as noise reduction, emission control, and heat insulation at high temperatures.

Relevant Report Titles:

Report Code: AM 69531

Report Code: EPR 0013

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1. Heat Shield market Overview
    1.1 Definitions and Scope
2. Heat Shield market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Type
    2.3 Key trends segmented by Geography
3. Heat Shield market– Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Heat Shield market– Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Heat Shield market– Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Heat Shield market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Heat Shield market– By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. Heat Shield market– By Type (Market Size -$Million/Billion)
    8.1 Rigid Heat Shields
    8.2 Flexible Heat Shields
9. Heat Shield market– By Application (Market Size -$Million/Billion)
    9.1 Automotive
    9.2 Aircraft
    9.3 Defense
    9.4 Others
10. Heat Shield market- By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Others
    10.3 Europe
        10.3.1 Germany
        10.3.2 France
        10.3.3 UK
        10.3.4 Italy
        10.3.5 Spain
        10.3.6 Others
    10.4 APAC
        10.4.1 China
        10.4.2 Japan
        10.4.3 South Korea
        10.4.4 India
        10.4.5 Australia
        10.4.6 Others
    10.5 RoW
        10.5.1 Middle East
        10.5.2 Africa
11. Heat Shield market- Market Entropy
    11.1 New product launches
    11.2 M&A's, collaborations, JVs and partnerships
12. Heat Shield market– Industry Competition Landscape (Premium)
    12.1 Market Share Global
    12.2 Market Share by Region
    12.3Market Share by System Application
13. Heat Shield market– Key Company List by Country Premium (Premium)
14. Heat Shield market- Company Analysis
    14.1 Autoneum Holding AG
    14.2 Happich GmbH
    14.3 Dana Holding Corporation
    14.4 Federal Mogul Holding Corporation
    14.5 Elringklinger AG
    14.6 Lydall Inc
    14.7 ThermoTec Automotive
    14.8 Zircotec, Morgan Advanced Materials
    14.9 Progress-Werk Oberkirch AG
    14.10 Talbros Automotive Components Ltd.

LIST OF TABLES

1.Global Automotive Heat Shield Market Analysis Forecast, by End-use Market 2023-2030 ($M)
1.1 Turbo Heat Shields Market 2023-2030 ($M) - Global Industry Research
1.2 Thermal Sleeves Market 2023-2030 ($M) - Global Industry Research
1.3 Manifold And Header Heat Wrap Market 2023-2030 ($M) - Global Industry Research
1.4 Manifold and header Heat Shield Market 2023-2030 ($M) - Global Industry Research
1.5 Catalytic Converter and Exhaust Pipe Market 2023-2030 ($M) - Global Industry Research
1.6 Underbody Heat Shield Market 2023-2030 ($M) - Global Industry Research
2.Global Automotive Heat Shield Market Analysis Forecast, by Type Market 2023-2030 ($M)
2.1 Rigid Heat Shields Market 2023-2030 ($M) - Global Industry Research
2.2 Flexible Heat Shields Market 2023-2030 ($M) - Global Industry Research
3.Global Automotive Heat Shield Market Analysis Forecast, by End-use Market 2023-2030 (Volume/Units)
3.1 Turbo Heat Shields Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Thermal Sleeves Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Manifold And Header Heat Wrap Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Manifold and header Heat Shield Market 2023-2030 (Volume/Units) - Global Industry Research
3.5 Catalytic Converter and Exhaust Pipe Market 2023-2030 (Volume/Units) - Global Industry Research
3.6 Underbody Heat Shield Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Automotive Heat Shield Market Analysis Forecast, by Type Market 2023-2030 (Volume/Units)
4.1 Rigid Heat Shields Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Flexible Heat Shields Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Automotive Heat Shield Market Analysis Forecast, by End-use Market 2023-2030 ($M)
5.1 Turbo Heat Shields Market 2023-2030 ($M) - Regional Industry Research
5.2 Thermal Sleeves Market 2023-2030 ($M) - Regional Industry Research
5.3 Manifold And Header Heat Wrap Market 2023-2030 ($M) - Regional Industry Research
5.4 Manifold and header Heat Shield Market 2023-2030 ($M) - Regional Industry Research
5.5 Catalytic Converter and Exhaust Pipe Market 2023-2030 ($M) - Regional Industry Research
5.6 Underbody Heat Shield Market 2023-2030 ($M) - Regional Industry Research
6.North America Automotive Heat Shield Market Analysis Forecast, by Type Market 2023-2030 ($M)
6.1 Rigid Heat Shields Market 2023-2030 ($M) - Regional Industry Research
6.2 Flexible Heat Shields Market 2023-2030 ($M) - Regional Industry Research
7.South America Automotive Heat Shield Market Analysis Forecast, by End-use Market 2023-2030 ($M)
7.1 Turbo Heat Shields Market 2023-2030 ($M) - Regional Industry Research
7.2 Thermal Sleeves Market 2023-2030 ($M) - Regional Industry Research
7.3 Manifold And Header Heat Wrap Market 2023-2030 ($M) - Regional Industry Research
7.4 Manifold and header Heat Shield Market 2023-2030 ($M) - Regional Industry Research
7.5 Catalytic Converter and Exhaust Pipe Market 2023-2030 ($M) - Regional Industry Research
7.6 Underbody Heat Shield Market 2023-2030 ($M) - Regional Industry Research
8.South America Automotive Heat Shield Market Analysis Forecast, by Type Market 2023-2030 ($M)
8.1 Rigid Heat Shields Market 2023-2030 ($M) - Regional Industry Research
8.2 Flexible Heat Shields Market 2023-2030 ($M) - Regional Industry Research
9.Europe Automotive Heat Shield Market Analysis Forecast, by End-use Market 2023-2030 ($M)
9.1 Turbo Heat Shields Market 2023-2030 ($M) - Regional Industry Research
9.2 Thermal Sleeves Market 2023-2030 ($M) - Regional Industry Research
9.3 Manifold And Header Heat Wrap Market 2023-2030 ($M) - Regional Industry Research
9.4 Manifold and header Heat Shield Market 2023-2030 ($M) - Regional Industry Research
9.5 Catalytic Converter and Exhaust Pipe Market 2023-2030 ($M) - Regional Industry Research
9.6 Underbody Heat Shield Market 2023-2030 ($M) - Regional Industry Research
10.Europe Automotive Heat Shield Market Analysis Forecast, by Type Market 2023-2030 ($M)
10.1 Rigid Heat Shields Market 2023-2030 ($M) - Regional Industry Research
10.2 Flexible Heat Shields Market 2023-2030 ($M) - Regional Industry Research
11.APAC Automotive Heat Shield Market Analysis Forecast, by End-use Market 2023-2030 ($M)
11.1 Turbo Heat Shields Market 2023-2030 ($M) - Regional Industry Research
11.2 Thermal Sleeves Market 2023-2030 ($M) - Regional Industry Research
11.3 Manifold And Header Heat Wrap Market 2023-2030 ($M) - Regional Industry Research
11.4 Manifold and header Heat Shield Market 2023-2030 ($M) - Regional Industry Research
11.5 Catalytic Converter and Exhaust Pipe Market 2023-2030 ($M) - Regional Industry Research
11.6 Underbody Heat Shield Market 2023-2030 ($M) - Regional Industry Research
12.APAC Automotive Heat Shield Market Analysis Forecast, by Type Market 2023-2030 ($M)
12.1 Rigid Heat Shields Market 2023-2030 ($M) - Regional Industry Research
12.2 Flexible Heat Shields Market 2023-2030 ($M) - Regional Industry Research
13.MENA Automotive Heat Shield Market Analysis Forecast, by End-use Market 2023-2030 ($M)
13.1 Turbo Heat Shields Market 2023-2030 ($M) - Regional Industry Research
13.2 Thermal Sleeves Market 2023-2030 ($M) - Regional Industry Research
13.3 Manifold And Header Heat Wrap Market 2023-2030 ($M) - Regional Industry Research
13.4 Manifold and header Heat Shield Market 2023-2030 ($M) - Regional Industry Research
13.5 Catalytic Converter and Exhaust Pipe Market 2023-2030 ($M) - Regional Industry Research
13.6 Underbody Heat Shield Market 2023-2030 ($M) - Regional Industry Research
14.MENA Automotive Heat Shield Market Analysis Forecast, by Type Market 2023-2030 ($M)
14.1 Rigid Heat Shields Market 2023-2030 ($M) - Regional Industry Research
14.2 Flexible Heat Shields Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Heat Shield Market Revenue, 2023-2030 ($M)
2.Canada Heat Shield Market Revenue, 2023-2030 ($M)
3.Mexico Heat Shield Market Revenue, 2023-2030 ($M)
4.Brazil Heat Shield Market Revenue, 2023-2030 ($M)
5.Argentina Heat Shield Market Revenue, 2023-2030 ($M)
6.Peru Heat Shield Market Revenue, 2023-2030 ($M)
7.Colombia Heat Shield Market Revenue, 2023-2030 ($M)
8.Chile Heat Shield Market Revenue, 2023-2030 ($M)
9.Rest of South America Heat Shield Market Revenue, 2023-2030 ($M)
10.UK Heat Shield Market Revenue, 2023-2030 ($M)
11.Germany Heat Shield Market Revenue, 2023-2030 ($M)
12.France Heat Shield Market Revenue, 2023-2030 ($M)
13.Italy Heat Shield Market Revenue, 2023-2030 ($M)
14.Spain Heat Shield Market Revenue, 2023-2030 ($M)
15.Rest of Europe Heat Shield Market Revenue, 2023-2030 ($M)
16.China Heat Shield Market Revenue, 2023-2030 ($M)
17.India Heat Shield Market Revenue, 2023-2030 ($M)
18.Japan Heat Shield Market Revenue, 2023-2030 ($M)
19.South Korea Heat Shield Market Revenue, 2023-2030 ($M)
20.South Africa Heat Shield Market Revenue, 2023-2030 ($M)
21.North America Heat Shield By Application
22.South America Heat Shield By Application
23.Europe Heat Shield By Application
24.APAC Heat Shield By Application
25.MENA Heat Shield By Application
26.Federal Mogul Holdings Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Autoneum Holding AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Dana Holding Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Lyndall Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.UGN Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Happich GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Elringklinger AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Progress-Werk Oberkirch AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)