Market Research Report
North America Automotive Heat Shield Market Size, Share & Trends Analysis Report By Product, By Application, By Material, By Vehicle-type, By Region, And Segment Forecasts, 2021 - 2028
|North America Automotive Heat Shield Market Size, Share & Trends Analysis Report By Product, By Application, By Material, By Vehicle-type, By Region, And Segment Forecasts, 2021 - 2028|
Published: August 23, 2021
Grand View Research, Inc.
Content info: 102 Pages
Delivery time: 2-10 business days
The North America automotive heat shield market size is expected to reach USD 2.60 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.6% from 2021 to 2028. Increasing adoption of electric vehicles coupled with need for improved thermal management in the IC engines to boost engine efficiency is expected to propel demand for the automotive heat shields in the coming years.
The increased adoption of electric and hybrid electric vehicles is one of the prime factors likely to contribute to the growth of the market over the forecast period. For instance, in 2019, the U.S. electric car manufacturer Tesla delivered 367,500 electric vehicles worldwide, whereas, in 2020, the deliveries reached their peak at 509,737globally, with U.S. accounting for 50% of the global sale.
Dana Limited manufactures different types of automotive heat shields including heat shields with integrated gaskets, aluminum, direct insulation, insulated & sound-absorbing heat shields. Morgan Advanced Materials uses its shell technology and sandwich technology for durable and lightweight automotive heat shields. Its shell technology uses Super wool and glass or silica fiber for high thermal performance solutions.