Engine Heat Shield Market: Introduction
- The exhaust system, from the engine exhaust manifold to the tailpipe, is a major heat generating component of an I.C. engine vehicle, which fuels the need for effective heat management solutions.
- The engine heat shield protects these automobile components from absorbing excessive heat either by dissipating, reflecting, or simply absorbing the heat generated. The heat shield is a widely used heat management option in vehicles as it is easy to install and highly cost-effective.
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Key Drivers of Engine Heat Shield Market
- The per capita GDP of the global population is rising, which has led to an increase in disposable income of people. For instance, in September 2024, the Indian Ministry of Statistics and Programme Implementation stated in a press release that per capita income of households in India rose from US$ 993.86 in FY15 to US$ 1296.22 in FY19. This rise in disposable income fueled the sales of vehicles annually. Engine heat shields have become an integral part of automobiles and are being extensively employed to provide flame resistance from components that release excess heat. Rising sale of vehicles is driving the demand for engine heat shield across the globe.
- Demand for high performance automobiles has been increasing worldwide. This has compelled automakers to integrate high power-rated engines in their vehicles along with other equipment such as turbochargers and catalytic converters. These high power engines and components maximize the heat generated under the vehicle’s hood, which can cause potential damage to the vehicle. Hence, automakers are increasing installing heat shields in their vehicle models to reduce the possibility of damage through excessive heat, thus propelling the global engine heat shield market.
Impact of COVID-19 Pandemic on Engine Heat Shield Market
The COVID-19 pandemic has disrupted automotive supply chains, thus creating a shortage of raw materials and components. However, demand for engine heat shield across the globe is anticipated to increase, as governments are easing restrictions and companies are restarting their operations with precautionary measures.
Key Players Operating in Engine Heat Shield Market
The global engine heat shield market is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the engine heat shield market are:
- Dana Limited
- UGN Inc.
- Autoneum
- Lydall Inc.
- HAPPICH GmbH
- ElringKlinger AG
- Progress-Werk Oberkirch AG
- Heatshield Products
Global Engine Heat Shield Market: Research Scope
Global Engine Heat Shield Market, by Type
- Rigid Heat Shield
- Flexible Heat Shield
Global Engine Heat Shield Market, by Application
- Turbo Heat Shields
- Thermal Sleeves
- Exhaust Manifold & Header Wrap
- Exhaust Manifold & Header Heat Shield
- Catalytic Converter & Exhaust Pipe
- Underbody Heat Shield
- Others
Global Engine Heat Shield Market, by Vehicle Type
- Passenger Vehicle
- Hatchback
- Sedan
- Utility Vehicles
- Light Commercial Vehicle
- Trucks
- Buses & Coaches
Global Engine Heat Shield Market, by Sales Channel
- OEM
- Aftermarket
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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