Market Overview:
The global automotive heat shield market is expected to be USD 6.89 billion in 2019 and is projected to succeed in USD 12.24 billion by 2025, at a CAGR of 7.33% during the foreseen period.
Automotive heat shield, because the name suggests, is meant to cover a substance from absorbing excessive heat from an outside source by dissipating, reflecting or just absorbing the warmth. It's often used as a sort of exhaust heat management. Thanks to large amounts of warmth given by combustion engines, heat shields are used on most engines to guard components and bodywork from heat damage. Even in protection, effective heat shields can provide performance benefit by reducing the under-bonnet temperatures and the intake temperature. The elements of a vehicle that develop high temperatures required proper heat shielding solutions. The sophistically designed shielding solutions to assist vehicles in line with an increase in the capacity of vehicles' combustion engine generate an outsized amount of warmth which will damage the vehicles' other components and bodywork.
The global automotive heat shield market is primarily driven by the rising demand for fuel-efficient vehicles, increased vehicle production, growing safety concerns, and the high adoption rate of advanced electrical and electronic components in cars.
Recent Developments:
· A brand under the Germany-based Freudenberg Group, Freudenberg sealing technologies, has developed an innovative protective covering to be used in prismatic and pouch cells with almost no impact on the specified installation space. It's claimed that with the mixture of high heat resistance of silicone-based elastomer with the top insulating properties of air, the warmth forms a damaged cell remains insulated until it is often drained away.
· IDI Composites International and their 3i Composite Technology Center were contacted to formulate a compound that might replace a standard metal material to satisfy the demanding applications required by an impression/protective covering on various models of passengers cars.
· Engine downsizing strategies and therefore, the proliferation of turbocharging create a requirement for more uncomplicated and light-weight thermal management products to guard heat-sensitive electronics and materials under the bonnet.
Drivers and Restraints of Automotive Heat Shield:
Drivers:
The automotive heat shield market is mostly hooked into vehicle production. Despite the increasing popularity of EVs, the assembly of ICE vehicles has increased to bridge the demand and provide a gap. The hybrid and plug-in hybrid, which are fuel-efficient vehicles, have also gained popularity. The increasing production of HEV, PHEV, and ICE vehicles is predicted to trigger the expansion of the global automotive heat shield market. Vehicle production is growing across the world due to several factors, like the growing demand for passenger cars, an increase in purchasing power, and capacity expansion by OEMs, particularly in emerging economies.
Restraints:
The key restraint for the market is that the replacement part is overpriced, and therefore the exhaust has got to be possibly removed to suit the new protective covering. The aftermarket prices for the automotive heat shields are 1.5 times more than OEM prices of an equivalent. Although it's recommended to vary the warmth shields every 100,000 to 150,000 kilometres, many car owners don't generally like better to replace the old one with a replacement protective covering, due to the worth or lack of awareness.
Market Segmentation:
Automotive shielding market, By Shielding Type
Automotive shielding market, By Material Type
Automotive shielding market, By Heat Application
The application segment of the worldwide automotive heat shield market has witnessed significant growth, which may be attributed to the sales of high-performance cars, both within the OEM & aftermarket segments. High speed and raw power define the performance of those cars, which is why these automobiles require effective protective covering solutions for ensuring safety. Increasing strength and speed increase the warmth generated by crucial components like engine parts and therefore, the exhaust. Automotive heat shields play an essential role in preventing heat generation within the inside of the vehicle, thereby ensuring driver safety and enhancing vehicle performance. Luxury and sports models are equipped with efficient and high-quality heat shields to make sure advanced temperature control with less space utilization and enhanced safety and sturdiness of components.
Automotive shielding market, By EMI Application
Automotive shielding market, By Vehicle Type
The passenger car segment is estimated to carry the most crucial share of the automotive heat shield market, by vehicle type, during the forecast period. The expansion of the sector is often attributed to high vehicle production of passenger cars, rising demand for fuel-efficient vehicles, increasingly stringent emission norms, and increased use of advanced technologies and electronic components. High demand for private mobility, increasing per capita income, and improved lifestyle, are driving the sales of passenger cars. Also, the adoption of advanced technologies continues to be high for passenger cars as compared to commercial vehicles.
Automotive shielding market, By Electric Vehicle Type
The growth and success of BEVs are hooked into innovations within the battery technology. Thus, many automotive players are taking initiatives to develop battery technology. Tesla announced its plans to supply a complete of 35 GWh battery capacities, annually, at its Gigafactory in Nevada, US. Hence, developments and innovations within the field of battery technology are expected to spice up the marketplace for automotive heat shielding in BEVs.
Automotive Heat Shield Market Region wise analysis:
Marked Segmentation based on the region:
a. Middle East
b. Africa
Asia Pacific heat shield market is estimated to be the fastest-growing in the international marketplace. The market growth within the region is often attributed to the increased vehicle production, growing automotive safety concerns, and the high demand for luxury vehicles in Japan, India, China, and South Korea. Also, the assembly expansions made by automobile manufacturers to satisfy the rising consumer demand globally, increasing use of advanced electronics, and growing demand for fuel-efficient vehicles are likely to spice up the automotive heat shield market within the region.
Key Players of Market:
Some of the key manufacturers operating in the market are Laird (UK), ElringKlinger (Germany), Federal-Mogul (US), Morgan Advanced Materials (UK), Dana (US), Henkel (Germany), Kitagawa (Japan), and Schaffner (Switzerland) among others.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Heat Shield Market, By Shielding
6.1.1 Heat
6.1.2 EMI
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Automotive Heat Shield Market, By Heat Application
6.2.1 Engine
6.2.2 Exhaust
6.2.3 Turbocharger
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Automotive Heat Shield Market, By EMI Application
6.3.1 ACC
6.3.2 ECU
6.3.3 IPA
6.3.4 LDE
6.3.5 FCW
6.3.6 Electric Motor
6.3.7 Market Size Estimations & Forecasts (2019-2024)
6.3.8 Y-o-Y Growth Rate Analysis
6.3.9 Market Attractiveness Index
6.4 Automotive Heat Shield Market, By Material Type
6.4.1 Metallic
6.4.2 Non-Metallic
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Automotive Heat Shield Market, By Electric Vehicle
6.5.1 BEV
6.5.2 HEV
6.5.3 PHEV
6.5.4 FCEV
6.5.5 Market Size Estimations & Forecasts (2019-2024)
6.5.6 Y-o-Y Growth Rate Analysis
6.5.7 Market Attractiveness Index
6.6 Automotive Heat Shield Market, By Vehicle
6.6.1 Passenger Cars
6.6.2 Light Commercial Vehicles
6.6.3 Heavy Commercial Vehicles
6.6.4 Market Size Estimations & Forecasts (2019-2024)
6.6.5 Y-o-Y Growth Rate Analysis
6.6.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Shielding
7.2.3 By Heat Application
7.2.4 By EMI Application
7.2.5 By Material Type
7.2.6 By Electric Vehicle
7.2.7 By Vehicle
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Shielding
7.3.3 By Heat Application
7.3.4 By EMI Application
7.3.5 By Material Type
7.3.6 By Electric Vehicle
7.3.7 By Vehicle
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Shielding
7.4.3 By Heat Application
7.4.4 By EMI Application
7.4.5 By Material Type
7.4.6 By Electric Vehicle
7.4.7 By Vehicle
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Shielding
7.5.3 By Heat Application
7.5.4 By EMI Application
7.5.5 By Material Type
7.5.6 By Electric Vehicle
7.5.7 By Vehicle
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Shielding
7.6.3 By Heat Application
7.6.4 By EMI Application
7.6.5 By Material Type
7.6.6 By Electric Vehicle
7.6.7 By Vehicle
8. Key Player Analysis
8.1 Laird
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 ElringKlinger
8.3 Federal-Mogul
8.4 Morgan Advanced Materials
8.5 Dana
8.6 Henkel
8.7 Kitagawa
8.8 Schaffner
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
