GITNUX MARKETDATA REPORT 2024
Automotive Heat Shield Industry Statistics
The Automotive Heat Shield Industry is projected to experience steady growth in the coming years due to increasing adoption of heat shield technology in vehicles for thermal management and emission control.
Statistic 1
"Global automotive heat shield market size was valued at USD 11.4 billion in 2019."
Statistic 2
"The automotive heat shield market is expected to register a CAGR of over 3% during the forecast period (2021 - 2026)."
Statistic 3
"Asia-Pacific is anticipated to hold the highest share in the automotive heat shield market by 2026."
Statistic 4
"In 2018, Europe had the second largest market share in the global automotive heat shield market."
Statistic 5
"The double shell heat shields sector is expected to grow at a CAGR of 3.1% from 2021 to 2027."
Statistic 6
"Single shell heat shields accounted for over 45% market share in 2019."
Statistic 7
"The rigid heat shields segment accounted for the largest share in the global market in 2020."
Statistic 8
"In 2019, passenger vehicles dominated the automotive heat shield market with over 70% share."
Statistic 9
"The forecast predicts the automotive heat shield market will reach $29.2 billion by 2025, at a CAGR of 9.2%."
Statistic 10
"Textile heat shields are predicted to exhibit a CAGR of 2.2% through 2027."
Statistic 11
"The engine compartment application segment is supposed to lead the automotive heat shield market during the forecast period."
Statistic 12
"The multi-component heat shields sector is expected to grow at 6.0% CAGR from 2021 to 2027."
Statistic 13
"In 2019, the global automotive heat shield market was dominated by the petrol fuel type segment."
Statistic 14
"The automotive heat shield market in North America expected to grow at a CAGR of 2.9% by 2026."
Statistic 15
"Polymer based flexible heat shields are gaining significance due to its lightweight nature and effective heat shielding properties."
Statistic 16
"The prominent players operating in the global automotive heat shield market are Dana Incorporated, ElringKlinger AG, and Morgan Advanced Materials."
Statistic 17
"Despite the impact of COVID-19, the automotive heat shield market is expected to remain resilient with steady growth predicted over the forecast period to 2026."
Statistic 18
"Asia Pacific is the largest market for automotive heat shield, with China, India, Japan, and South Korea being the major contributors."
