The Global Automotive Heat Shield Market was worth US$ 12.53 billion in 2022 and is anticipated to reach a valuation of US$ 14.84 billion by 2028 and is predicted to register a CAGR of 3.44% during 2023-2028.

An automotive heat shield is designed to prevent a substance from receiving too much heat from the environment by dispersing, reflecting, or simply absorbing the heat. It is frequently used to regulate exhaust heat. Most engines utilize heat shields to protect parts and bodywork from heat damage because combustion engines produce a lot of heat. Effective heat shields can improve performance even while protecting the vehicle by lowering the intake and under-bonnet temperatures. A vehicle's components that generate high temperatures needed the right heat shielding solutions. The sophisticated shielding solutions for automobiles created in response to an increase in the power of the combustion engines cause an excessive amount of heat that will harm the other parts and bodywork of the vehicles.

The desire for more fuel-efficient vehicles, increased vehicle production, rising safety concerns, and the rapid adoption rate of cutting-edge electrical and electronic components in cars are the main factors driving the global automotive heat shield market.

Market Drivers and Restraints:

The market for automotive heat shields is largely dependent on the creation of vehicles. ICE vehicle production has expanded to meet demand and fill gaps despite the rising popularity of EVs. Fuel-efficient vehicles like hybrids and plug-in hybrids have also grown in popularity. The global automotive heat shield market is expected to grow as a result of the rising production of HEV, PHEV, and ICE vehicles. A number of factors, including the rising demand for passenger automobiles, rising purchasing power, and capacity expansion by OEMs, particularly in emerging economies, are driving an increase in vehicle production worldwide.

The main barrier to the market is that the replacement portion is too expensive, necessitating the removal of the exhaust to accommodate the new protective coating. The cost of an equivalent automobile heat shield in the aftermarket is 1.5 times more expensive than in the OEM. Despite the fact that changing the heat shields every 100,000 to 150,000 kilometers is advised, many automobile owners tend to prefer to replace the old protective covering with a new one owing to cost or lack of knowledge.

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The report is segmented as follows:

The Automotive Heat Shield Market is segmented by Shielding; the Market is segmented by Heat Application; the Market is segmented by EMI Application; the Market is segmented by Material Type; the Market is segmented by EV; the Market is segmented by Vehicle:

By Shielding (Heat, EMI)

By Heat Application (Engine, Exhaust, Turbocharger)

By EMI Application (ACC, ECU, IPA, LDE, FCW, Electric Motor)

By Material Type (Metallic and Non-Metallic)

By EV (BEV, HEV, PHEV, FCEV)

By Vehicle (PC, LCV, HCV)

Market Regional Segmentation:

According to estimates, the heat shield market in the Asia Pacific region is expanding at the quickest rate worldwide. Increased car manufacturing, rising automobile safety concerns, and the high demand for luxury vehicles in Japan, India, China, and South Korea are frequently cited as reasons for the region's market growth. Additionally, the region's automotive heat shield market is projected to be stimulated by the assembly line expansions undertaken by automakers to meet expanding consumer demand on a global scale, rising use of modern electronics, and rising desire for fuel-efficient automobiles.

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Impact of the COVID-19 pandemic on the market:

Since many nations were in lockdown due to the COVID-19 epidemic, OEMs struggled to produce as sales fell. This had a negative impact on the car sector. During the epidemic, there were supply chain interruptions that made the market move slowly. Following the pandemic, businesses are optimistic about sales as they resume operations and many economies slowly recover.

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