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Automotive Heat Shield Market Share
Autoneum, Dana, and Lydall collectively held a substantial market share of over 12% in the automotive heat shield industry in 2023. Autoneum focuses on developing lightweight heat shields to reduce vehicle weight. Utilizing advanced materials like composites and foams, the company aims to improve fuel efficiency and meet stringent emissions standards. Committed to sustainability, Autoneum incorporates recycled materials and enhances manufacturing processes to minimize environmental impact, aligning with the automotive industry's shift towards greener technologies.
Dana has expanded its product portfolio by integrating thermal management solutions, including advanced heat shields for internal combustion engines and electric vehicles. This diversification allows Dana to cater to a broader customer base and range of applications. Lydall is expanding its presence in the market through strategic acquisitions and product diversification. This strategy enables entry into new markets and strengthens their thermal management capabilities.
Automotive Heat Shield Market Companies
Major players operating in the automotive heat shield industry are:
- Autoneum
- Boyd
- Dana
- ElringKlinger
- Freudenberg Sealing Technologies
- Heatshield Products
- Lydall
- Morgan Advanced Materials
- Sumitomo Riko
- Tenneco
How big is the global automotive heat shield market?
The market size of automotive heat shield reached USD 11.7 billion in 2023 and is set to grow at a 5.2% CAGR from 2024 to 2032, driven by the increasing use of turbochargers in gasoline and diesel engines.
What is the expected market size of the single shell segment by 2032?
The single shell segment accounted for over 45% of the market share in 2023 and is expected to exceed USD 8 billion by 2032 due to its effectiveness in protecting automotive components from thermal damage.
What was the revenue share of China's automotive heat shield industry?
China's market accounted for over 40% of the revenue share in 2023, propelled by significant investments in R&D by domestic automakers like BYD and NIO.
Who are the major players operating in the automotive heat shield industry?
The major players in the industry include Autoneum, Boyd, Dana, ElringKlinger, Freudenberg Sealing Technologies, Heatshield Products, Lydall, Morgan Advanced Materials, Sumitomo Riko, and Tenneco.