According to the research report titled, ‘North America Automotive Heat Shield Market Forecast 2026 By Application, By Vehicle, By Material, By Sales Channel, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America automotive heat shield market share is anticipated to reach USD 440 million by 2026.
 

Increasing sale of luxury vehicles, rigid regulations implemented by authorities, and the rising popularity of electric vehicles leading to high production of lithium-ion batteries are the major factors driving the growth of North America automotive heat shield market.
 

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For the unversed, when an automobile starts generating excessive heat and its systems are unable to control it, the performance of the vehicle reduces and it begins using extra fuel. These excessive fuel emissions are harmful for the atmosphere, due to which the installation of heatshields in vehicles becomes essential.
 

By vehicle type, the marketplace is split into PCV (passenger-carrying vehicle), LCV (light commercial vehicle), and HCV (heavy commercial vehicle). Among these, the PCV segment is poised to expand at a CAGR of 3.7% through 2026, owing to increasing cognizance about importance of buying fuel efficient vehicles, which in turn has escalated demand for electric vehicles. In addition, several government benefits provided to manufacturers like tax relief and faster processing of loans are adding to the segmental progression.
 

Based on material type, North America automotive heat shield industry is fragmented into aluminum, aluminized steel, and stainless steel. The aluminum segment is slated to exhibit a CAGR of 3.5% through the study period accreditable to stringent emission rules and widespread adoption of the material in making heatshield as it is light weight and highly corrosion resistant in nature.
 

In terms of application, the market is bifurcated into underbody heat shield, tank heat shield, engines, turbo charger, exhaust manifold, starter motor, catalytic converter, and others. The engine segment is all set to expand at 3% CAGR through 2026, as engines are likely to face damages when exposed to high temperatures, thereby necessitating the installation of heat shields. Besides, technological advancements are also escalating the product demand in this segment.
 

Key players operating in North America automotive heat shield market are Polymer Technologies, Inc, Rapid Global Business Solutions Inc. (RGBSI), Heatshield Products, Inc, UGN, Inc., Tenneco, Inc, AK Steel Holdings Corporation, and Dana Inc.