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Globally, automotive heatshield market has garnered considerable momentum. With growing demand for lightweight and energy-efficient vehicles, automakers are constantly improving their designs to develop more compact engine components and systems. However, these design improvements have created a need for reliable high-temperature insulation products that can dissipate heat faster and provide superior heat shielding.
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Automotive Heatshield Market 2020-2026; Growth Forecast & Industry Share Report
KeyInsights Automotive Heatshield Market : • Globally, automotive heatshield market has garnered considerable momentum. With growing demand for lightweight and energy-efficient vehicles, automakers are constantly improving their designs to develop more compact engine components and systems. • However, these design improvements have created a need for reliable high-temperature insulation products that can dissipate heat faster and provide superior heat shielding.
Continued… • To keep pace with this demand, many carmakers are designing products that are engineered to meet application as well as specification requirements. According to a research report compiled by Global Market Insights, global automotive heatshield market size is projected to cross an annual valuation of over US$2.5 billion by 2026. The product demand can be mainly attributed to the need for lightweight automotive components and reliable thermal insulation products in order to maximize fuel efficiency. • DuPont, Dana Limited, Autoneum Holding AG, Lydall Inc, Morgan Advanced Material, Tenneco, AK Steel Corporation, HKO Group, Persico S.p.a., Zircotec, Elringklinger AG, Estamp Int, Frenzelit, and RGBSI are a few prominent names in the industry. These companies are actively investing in new product development and expansion of production facilities to cater to the surging product demand and expand their market presence.
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Major Companies Automotive Heatshield Market : • AAEON Technology Inc. • ADLINK Technology Inc. • Advantech Co.Ltd. • Amazon Web Services Inc. (AWS) • Avnet Inc
Regional Automotive Heatshield Market : • In terms of the regional outlook, Europe accounted for more than 25% revenue share of global automotive heatshield industry in 2019. Germany, Russia, and Spain have observed a substantial rise in domestic automotive production over the past few years. • The region is home to some of the world’s top automakers and automotive OEMs who are focusing on integration of advanced technologies such as compact engine components and turbochargers into vehicles.
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