The automotive heatshield market is projected to foresee commendable growth in coming years due to surging need for lightweight automotive heatshields that are deemed to be one of the effective thermal insulation solutions. Likewise, focus towards fuel efficient products will favor the market growth over the coming years.

A good heat shield must have high thermal emittance as well as thermal resistance, so that it could bear extremely high temperatures, thereby, reflecting and releasing the heat away from itself. Today, heat shield installation is considered as one of the most extensively used heat management choice due to cost-effectiveness and its easy fitting. In addition, a car heat shield could be an essential tool for protecting key components and bodywork from heat damage.

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The COVID-19 outbreak has had a major impact on the global economy and the manufacturing and automotive production sectors. Imposition of nationwide lockdowns and strict social distancing measures had made it difficult for the workforce to make their presence felt. The shutdowns of manufacturing plants along with temporary halts in the production units have had a negative impact on the demand for automotive heatshield.

With the rising presence of automotive manufacturers, key market players are focusing on increasing their customer base and gaining a competitive edge in the market. To that end, the industry is witnessing numerous strategic initiatives such as partnerships, acquisitions and mergers, with other key players. Citing an instance, in January 2020, Peterbilt Motors Company, renowned manufacturing company, and Dana Incorporated,  worldwide leader in drivetrain and e-Propulsion systems, reportedly announced their collaboration on electric powertrain development.

In terms of sales channel, the aftermarket segment will witness around 4% CAGR over the forecast time period. This anticipated growth is ascribed to heatshields that stop nearly 70% radiant heat generated by the vehicle. Due to intense heat generation, the product has a reasonable replacement rate.

On the geographical front, Europe automotive heatshield market will witness substantial growth over the coming years. The region, in 2019, accounted for over 25% of the global industry share. Europe automotive heatshield industry growth can mainly be attributed to the surging automotive production. Countries such as Russia, Spain, and Germany boast of substantial automotive production across Europe. Subsequently, high usage of advanced technologies like compact engine and turbocharger across the region will drive the regional market growth.

Autoneum Holding AG, Elringklinger AG, Frenzelit, Morgan Advanced Material, DuPont, and Dana Limited among many others are some of the key players operating in the automotive heatshield market.

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Partial Chapter of the Table of Content

Chapter 4. Automotive Heatshield Market, By Vehicle Type

4.1. Global market insights, by vehicle type

4.2. Passenger Cars

4.2.1. Global market estimates and forecasts, 2016 - 2026

4.2.2. Market estimates and forecast, by region, 2016 - 2026

4.3. LCV

4.3.1. Global automotive heatshield market estimates and forecasts, 2016 - 2026

4.3.2. Market estimates and forecast, by region, 2016 – 2026

4.4. HCV

4.4.1. Global market estimates and forecasts, 2016 - 2026

4.4.2. Market estimates and forecast, by region, 2016 – 2026

Chapter 5. Automotive Heatshield Market, By Material Type

5.1. Global market insights, by material type

5.2. Aluminium

5.2.1. Global market estimates and forecasts, 2016 - 2026

5.2.2. Market estimates and forecast, by region, 2016 - 2026

5.3. Stainless steel

5.3.1. Global market estimates and forecasts, 2016 – 2026

5.3.2. Market estimates and forecast, by region, 2016 – 2026

5.4. Aluminized steel

5.4.1. Global automotive heatshield market estimates and forecasts, 2016 – 2026

5.4.2. Market estimates and forecast, by region, 2016 - 2026

Charts & Figures

FIG. 1    Automotive heatshield market 360° synopsis, 2016 – 2026

FIG. 2    Industry segmentation

FIG. 3    Global market, (Tons) (USD Million), 2016 - 2026

FIG. 4    Industry ecosystem analysis

FIG. 5    Growth potential analysis, 2019

FIG. 6    Porter’s analysis

FIG. 7    Company market share, 2019

FIG. 8    PESTEL analysis

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