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 is expected to be worth USD 440 million by 2026.

Increasing sales of luxury vehicles, concerns over lithium-ion batteries used in electric vehicles generating excessive heat, stringent regulations, and unmet heat and fuel emissions targets that are harming the environment are some of the key factors driving the growth of North America automotive heat shield market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4229245/

Based on material type, the aluminum segment is expected to register a 3.5% CAGR through 2026, owing to the regional governments introducing stringent rules and prompting heatshield manufacturers to opt for lightweight materials such as aluminum which is highly resistant to corrosion and ideal for making automotive components.

Moving on to the application scope, North America automotive heat shield industry share from the engine segment is estimated to record a 3% CAGR through 2026, on account of technological advancements in the automotive sector to protect the engine from heat damage.

As per vehicle landscape, the LCV (Light commercial vehicles) segment is expected to witness substantial growth over the forecast period, primarily attributed to the high demand for LCVs across the commercial sector.

Meanwhile, the passenger cars segment is estimated to expand at 3.7% CAGR through the forecast timeline, due to rising awareness of buying fuel-efficient vehicles, and auto manufacturers leveraging benefits like tax relief and loans for manufacturing plants

From the geographical perspective, the U.S. and Canada are the major countries impacting the overall  market dynamics.

Polymer Technologies Inc., RGBSI, Heatshield Products, U.G.N., Inc., Tenneco Inc., AK Steel Holdings Corporation, and Dana Incorporated are some of the leading contenders influencing North America automotive heat shield market dynamics.