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North America Automotive Heat Shield Market Forecast 2026 By Application (Underbody Heatshield, Engine, Tank Heatshield, Catalytic Converter, Exhaust Manifold, Starter Motor, Turbo Charger), By Vehicle (Passenger Cars, LCV, HCV), By Material (Aluminum, Stainless Steel, Aluminized Steel), By Sales Channel (OEM, Aftermarket), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: August 2021 | Publisher: Graphical Research Report ID: GR1929 | Delivery : PDF  Request Free Sample

North America Automotive Heat Shield Market size exceeded USD 360 million in 2019 and is anticipated to exhibit 3.3% CAGR from 2020 to 2026. Stringent government regulations, growing sales of luxurious vehicles, and increasing adoption of electric vehicles will boost the industry demand.

North America Automotive Heatshield Market

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The COVID-19 pandemic has significantly impacted the North America automotive heat shield market landscape. The ongoing pandemic has compelled various automotive manufacturers to either operate in a limited capacity or to halt their operations completely. Moreover, customer demand has also slowed down owing to uncertainty regarding the COVID-19 pandemic impact on their economic lives.

North America Market, By Vehicle

North America Heatshield Market, By Vehicle

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The LCV segment will witness around 3.2% growth rate during the forecast period. Light Commercial Vehicles (LCVs) are primarily designed to carry out various commercial and industrial operations across different industries. Light commercial vehicles are designed & developed to keep the load capacity moderate and to carry out various operations at the same time. As LCVs are the most preferred mode of transportation, the risk of damaging the vehicle due to excess heat remains high.

North America Market, By Material

North America Automotive Heatshield Market, By Material

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Aluminized steel material segment value in the North America automotive heat shield market will cross USD 180 million by 2026. The aluminized steel has several superior properties compared to other metals such as high-temperature resistance, low coefficient of thermal expansion, high strength, etc. The material has started gaining momentum in the industry owing to its combination of both steel and aluminum. This imparts the material the property of high strength and corrosion resistance. Moreover, enhanced formability will further generate a potential for aluminized steel in the industry landscape.

North America Market, By Application

North America Automotive Heatshield Market, By Application

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The engine application segment is poised to register growth of 3% through 2026. Engines constitute the most important component of an automotive and are also more prone to damages due to extreme temperature. Automotive manufacturers are continuously upgrading new systems and developing new materials to protect the engines from heat-related damages. With growing technological innovations in the automotive industry, the demand for heatshield is also anticipated to rise.

Competitive Industry Landscape

Prominent companies operating in the North America automotive heat shield market include Dana Incorporated, AK Steel Corporation, Tenneco Inc., UGN Inc., Heatshield Products, Rapid Global Business Solutions, Inc., and Polymer Technologies Inc. The industry players are developing value-added products with outstanding product uniformity, low thermal conductivity, minimum off-gassing & consistency, and resistance to automotive fluids.
 

Frequently Asked Question(FAQ) :

The market size for heat shield in North America had reached USD 360 million in 2019 and could witness a 3.3% CAGR up to 2026.
The market for aluminized steel automotive heat shields in North America could reach USD 180 million by 2026 owing to benefits including high temperature resistance, superior strength, and low thermal expansion coefficient.
The market size for heat shield in North America from LCVs could expand at a CAGR of 3.2% owing to high risk of vehicle damage due to excess heat.
The industry share for heat shield in North America from engine applications will grow at a 3% CAGR up to 2026 as it is highly prone to damage due to high temperatures.

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