Heat Shield Market by Product and Geography - Forecast and Analysis 2022-2026

The heat shield market share is expected to increase by USD 2.84 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.54%.

This heat shield market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers heat shield market segmentation by product (metallic and non-metallic) and geography (APAC, North America, Europe, South America, and MEA). The heat shield market report also offers information on several market vendors, including Autoneum Holding Ltd., COOL IT Thermo-Tec, Dana Inc., ElringKlinger AG, HAPPICH GmbH, Morgan Advanced Materials Plc, Nihon Tokushu Toryo Co. Ltd., Tenneco Inc., Unifrax I LLC, and Zircotec Ltd. among others.

What will the Heat Shield Market Size be During the Forecast Period?

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"North America will generate growth across all the years of the forecast period between 2021 and 2026. The year-on-year growth during this period will vary between 2.71% and 3.37%."

Heat Shield Market: Key Drivers and Trends

The adoption of safety features in automotive is notably driving the heat shield market growth, although factors such as growing number of vehicles in use may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the heat shield industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Heat Shield Market Driver

The rise in the number of vehicles in use is one of the key factors driving the heat shield market growth. The statistics of the last decade shows that the global use of vehicles has increased significantly by 40%, which is estimated to have crossed 200 per thousand people. This has resulted in a rise in the consumption of engine oil. Moreover, the life span of vehicles and their sales is increasing, which is expected to drive the global demand for heat shield during the forecast period.

Key Heat Shield Market Challenge

The adoption of safety features in the automobile industry is one of the key challenges for the heat shield market growth. Due to the growing number of accidents, safety features are incorporated to make luxury vehicles more safe and reliable that is resulting in making crossovers safer to drive. It has been found that customers are giving a slight preference to safety features while buying vehicles. Also, there has been an increase in awareness and implementation of ratings of safety by the automotive industries. Thus, the rising inclusion of safety technologies by automotive manufacturers is expected to have a negative impact on the heat shield market growth during the forecast period.

This heat shield market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Market Overview

The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. The global industrial machinery market is expected to grow at a moderate pace. 

Who are the Major Heat Shield Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Autoneum Holding Ltd.
• COOL IT Thermo-Tec
• Dana Inc.
• ElringKlinger AG
• HAPPICH GmbH
• Morgan Advanced Materials Plc
• Nihon Tokushu Toryo Co. Ltd.
• Tenneco Inc.
• Unifrax I LLC
• Zircotec Ltd.

 

This statistical study of the heat shield market encompasses successful business strategies deployed by the key vendors. The heat shield market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The heat shield market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Heat Shield Market?

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42% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for heat shield market in APAC. Market growth in this region will be slower than the growth of the market in MEA. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Heat Shield Market?

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The heat shield market share growth by the metallic segment will be significant during the forecast period. Metallic heat shields are reliable and protect the structures from extreme temperatures with its thermal insulation and radiative cooling mechanism. These beneficial features are boosting the metallic segment growth in the heat shield market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the heat shield market size and actionable market insights on post COVID-19 impact on each segment.

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Automotive Heat Shield market - The market size will grow by USD 2.88 billion during 2018-2022. 

Heat Shield Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.54%
Market growth 2022-2026	$ 2.84 billion
Market structure	Fragmented
YoY growth (%)	3.25
Regional analysis	APAC, North America, Europe, South America, and MEA
Performing market contribution	APAC at 42%
Key consumer countries	US, China, Germany, India, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Autoneum Holding Ltd., COOL IT Thermo-Tec, Dana Inc., ElringKlinger AG, HAPPICH GmbH, Morgan Advanced Materials Plc, Nihon Tokushu Toryo Co. Ltd., Tenneco Inc., Unifrax I LLC, and Zircotec Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Heat Shield Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive heat shield market growth during the next five years
• Precise estimation of the heat shield market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the heat shield industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of heat shield market vendors

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