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Automotive Heat Shield Market Size By Vehicle (Passenger Cars, LCV, HCV), By Material (Aluminum, Stainless Steel, Aluminized Steel), By Application (Underbody Heatshield, Engine, Tank Heatshield, Catalytic Converter, Exhaust Manifold, Starter Motor, Turbo Charger), By Sales Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI4820
  • Published Date: Sep 2020
  • Report Format: PDF

Industry Trends

Automotive Heat Shield Market size exceeded USD 2.3 billion in 2019 and is estimated to exhibit over 4% CAGR from 2020 to 2026. The rising automotive production along with increasing passenger cars adoptions in the emerging nations will drive industry growth.

Automotive Heatshield Market

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The demand for automotive heatshields is primarily fueled by automotive production and the usage of lightweight materials in the manufacturing of heatshields helps in reducing the overall vehicle weight and improving fuel efficiency along the way. The development of product offerings from a standard fitment of the heatshield such as engine compartments into various other components such as exhaust systems, turbochargers, and other engine components is likely to foster the automotive heat shield market demand.

Various manufacturers are focusing on product development that complies with the standards laid by the design & development of the components by the automotive companies. Strong competition among producers has impacted the market price trend. Industry participants are focusing on value addition in the product coupled with developing heatshields that have low thermal conductivity, resistance to automotive fluids, outstanding product uniformity, and minimal off-gassing & consistency.

Increasing adoption of EVs to curb the industry proliferation

The rising penetration of electric vehicles globally is significantly impacting the automotive heat shield market expansion. The high acceptance of electric vehicles can be credited to governmental initiatives and support to enhance the environmental quality to overcome dependence on conventional fuel. Many automotive manufacturers are shifting toward electric propulsion systems rather than enhancing conventional engines to comply with emission standards. The shift will result in restraining demand for automotive heatshields as electric vehicles require less thermal management as compared to IC engine vehicles.

Growing passenger vehicle sales

Passenger cars segment is poised to generate USD 1.5 billion revenue by 2026 owing to increasing demand from aftermarket industry. Growing average annual vehicle miles travelled is creating the need for product replacement.

The increased use of vans and pickup vehicles will lead to a greater demand for lightweight automotive heat shields, that are commonly used in other underhood components such as high-temperature hoses. The product prevents radiator hoses from bursting and other vital automotive components from premature failure due to intense heat generated by the vehicle.

High heat generation from engines to escalate automotive heat shield market penetration

Engine application is set to witness more than 4% growth rate through 2026 impelled by high heat generation. The most significant functions of heatshields in automotive vehicles are to protect delicate vehicle components from heat generated by the engine and to provide optimal temperature inside the cabin. These products are custom designed to effectively manage radiant, convective, and conductive heat from the front or back of a vehicle. With increasing technological innovations in the automobile industry, the number of heatshields per car has been considerably increased from manifold to spark plug.

OEM segment to hold a majority share

Automotive Heatshield Market Size

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In 2019, the OEM segment held more than 75% of the automotive heat shield market share. The increasing automotive production to meet the rising demand is boosting the segment growth. By 2030, as per the Green Mobility Report by the World Bank, there may be an additional 1.2 billion cars on the road. This demand represents an opportunity for the players to capitalize on advanced technologies to enhance fuel efficiency.

Superior properties to augment aluminized steel penetration

Automotive Heatshield Market Share

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Aluminized steel material segment is forecast to register 3.5% gains in terms of volume till 2026. This can be attributed to superior materials properties including, high temperature resistance and low coefficient of thermal expansion. The material is gaining recognition as it combines the advantages of both steel and aluminum. It combines the strength of steel and corrosion resistance of aluminum. Moreover, superior formability will induce significant growth potential in the industry landscape.

The aluminum material accounted for about USD 905 million in 2019 due to growing adoption of lightweight products in vehicles. The engine economizing strategies and the proliferation of turbocharging in the vehicle have created substantial opportunities for aluminum material products.

Presence of major industry players in Asia Pacific

 Automotive Heatshield Market Regional Insights

The Asia Pacific automotive heat shield market led by China is anticipated to observe nearly 4.5% growth up to 2026. China is the world’s largest automobile manufacturing market since 2009. In 2019, according to the OICA, China alone held nearly 25% of the global automotive production. Furthermore, in China, the auto industry saw a rapid growth rate with production and sales both hitting new records in 2018. The increasing middle-class population and rising purchasing power across the region will result in propelling the demand for passenger cars. The growing competitiveness owing to the presence of large-scale players will positively influence regional market growth.

The industry to be highly fragmented

The automotive heat shield market is highly competitive with the presence of multiple small & large participants globally. Market players are engaged in partnerships with OEMs to gain a competitive edge over other companies. Technological advancements are likely to have a huge impact on industry development.

Some of the key manufacturers are Dana Limited, DuPont., Frenzelit, Autoneum Holding AG, Morgan Advanced Material, and Elringklinger AG, among others. Major strategies adopted by these manufacturers are production capacity expansion, collaboration with automotive manufactures, and new product development.

This automotive heat shield market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD million from 2016 to 2026 for the following segments

Market, by Vehicle Type

  • Passenger Cars
  • LCV
  • HCV

Market, by Material Type

  • Aluminum
  • Stainless Steel
  • Aluminized Steel

Market, by Application

  • Underbody Heatshield
  • Engine
  • Tank Heatshield
  • Catalytic Converter
  • Exhaust Manifold
  • Starter Motor
  • Turbo Charger
  • Others

Market, by Sales Channel

  • OEM
  • Aftermarket

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
  • Latin America
    • Mexico
    • Argentina
    • Brazil
  • Middle East & Africa
    • Turkey
    • South Africa
    • Iran


Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

In 2019, the global automotive heatshield market size was worth USD 2.3 billion, and may depict 4% CAGR through 2026, owing to increasing automobile production.

The global automotive heatshield demand from passenger cars segment may cross USD 1.5 billion by 2026 on account of rising product adoption from aftermarket sector.

The automotive heatshield market share from engine applications may record 4% CAGR through 2026, primarily subject to high heat generation.

In 2019, OEMs held 75% of total market share and may depict appreciable growth owing to rising automobile production.

Aluminized steel material segment may exhibit 3.5% CAGR through 2026, driven by its superior properties such as low coefficient of thermal expansion and high temperature resistance.

The Asia Pacific automotive heatshield market share may exhibit 4.5% CAGR through 2026, led mainly by China, which is the world’s largest automobile manufacturing market.

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 14
  • Tables & Figures: 308
  • Countries covered: 20
  • Pages: 200
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