The heat shield market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The heat shield market covers the following areas:
Heat Shield Market Sizing
Heat Shield Market Forecast
Heat Shield Market Analysis
Drivers and Challenges
The rise in the number of vehicles in use is one of the key factors driving the heat shield market growth. According to the statistics of the last decade, the global use of vehicles has increased significantly by 40%, which is estimated to have crossed 200 per thousand people. This has led to 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 shields during the forecast period.
The adoption of safety features in the automobile industry is one of the key challenges faced by the heat shield market. Safety features are incorporated to make luxury vehicles more safe and reliable. This is resulting in making crossovers safer to drive. In addition, customers are giving a slight preference to safety features while buying vehicles. There has also been a rise in awareness and implementation of ratings of safety by the automotive industry. 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.
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Market Segmentation
Technavio analyzes the market by product (metallic and non-metallic) and geography (APAC, North America, Europe, South America, and MEA). The heat shield market share growth by the metallic segment is expected to be significant during the forecast period. Metallic heat shields are reliable, and they protect the structures from extreme temperatures with their thermal insulation and radiative cooling mechanisms. Beneficial features such as these are boosting the growth of the metallic segment in the heat shield market. By geography, APAC is expected to dominate the market. The region will account for 42% of the market's growth during the forecast period. China and India are the key countries for the heat shield market in APAC.
Some Companies Mentioned
- 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.
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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 |
USD 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 |
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 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. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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