Market Overview:
The global underbody heat shields market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018–2030), according to a new study by Transparency Market Research (TMR). The rigid heat shield segment is expected to account for a major share of the global underbody heat shields market in terms of value, owing to its high thermal insulation properties. In terms of volume, the flexible heat shield segment is anticipated to expand at a higher CAGR than the rigid heat shield segment during the forecast period. Passenger cars are expected to account for a larger share of the global underbody heat shields market in terms of value as compared to commercial vehicles during the forecast period. North America and Europe are anticipated hold leading shares in terms revenue generated from sales of underbody Heat Shields across different regions between 2018 and 2030.
Product Definition:
Underbody heat shields are panels that are fitted to the underside of a car or motorcycle. They help to protect the engine and other components from the heat of the exhaust system. This is important because it helps to keep these components in good condition, and it also improves performance by reducing drag on the vehicle.
Rigid Heat Shield:
Rigid heat shield is a device that is used to protect the vehicle's engine from overheating. It helps in maintaining optimum temperature of the engine, thus improving its efficiency. The product also finds application in aircrafts and defense equipment as it helps in keeping engines cool during take-off and landing.
The product has gained popularity owing to benefits such as easy installation, low cost, and improved performance offered by them.
Flexible Heat Shield:
The flexible heat shield is a device that is used to protect the engine from hot air entering and exiting the vehicle. It helps in increasing fuel efficiency by reducing exhaust gas temperatures. The product also aids in meeting emission standards, thereby improving environmental performance.
Flexible heat shields are made of high-temperature resistant materials such as ceramic or composite metals; they are designed to fit under the body panels and around pipes, ducts, etc.
Application Insights:
The passenger cars segment held the largest share of over 60.0% in 2017. The growth can be attributed to increasing production of passenger cars in emerging economies including China, India and Brazil on account of low cost labor and land prices coupled with easy availability of financing from domestic as well as foreign sources. This trend is expected to continue over the forecast period thus driving demand for underbody heat shields for vehicles in the region.
Commercial vehicle segment is projected to expand at a CAGR exceeding 4% from 2018 to 2030 owing to rising demand for trucks and buses from various industries including mining, construction, transportation & logistics among others. In addition, stringent regulations regarding road safety are encouraging manufacturers operating within the commercial vehicles sector thereby driving product demand over the forecast period.
Increasing use of UHSS by various automotive OEMs such as Ford Motor Company; General Motors Company; Toyota Motor Corporation; Nissan North America Inc.; Honda Motor Co., Ltd.
Regional Analysis:
Asia Pacific dominated the global underbody heat shields market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing automotive production and sales in countries, such as China, India, Japan and South Korea. Moreover, rising demand for commercial vehicles is also anticipated to drive product demand over the next eight years.
The Asia Pacific was followed by North America which accounted for a revenue share of 22% in 2017 owing to high vehicle manufacturing volumes across U.S., Mexico and Canada coupled with increased exports from these countries towards other regions including Europe and Asia Pacific especially emerging economies like Brazil, Argentina Egypt etc.).
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in vehicles is expected to drive the demand for underbody heat shields.
- Stringent emission norms: Stringent emission norms across the globe are prompting OEMs to adopt various technologies to reduce emissions from their vehicles. Underbody heat shields are one such technology that helps in reducing emissions from the vehicle’s exhaust system.
- Increasing penetration of electric and hybrid vehicles: Electric and hybrid vehicles emit less heat than traditional internal combustion engine (ICE) vehicles, which is expected to boost the demand for underbody heat shields in these vehicle segments over the forecast period.
- Growing popularity of off-road recreational activities: Off-road recreational activities such as rock crawling, mud bogging, etc., are gaining popularity among consumers across regions, which is anticipated to create opportunities for growth of the underbody heat shield market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Underbody Heat Shields Market Research Report
By Type
Rigid Heat Shield, Flexible Heat Shield
By Application
Passenger Cars, Commercial Vehicle
By Companies
ElringKlinger AG, Estamp, Frenzelit, Autoneum, Dana Incorporated, Tenneco, TKG Automotive
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Underbody Heat Shields Market Report Segments:
The global Underbody Heat Shields market is segmented on the basis of:
Types
Rigid Heat Shield, Flexible Heat Shield
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ElringKlinger AG
- Estamp
- Frenzelit
- Autoneum
- Dana Incorporated
- Tenneco
- TKG Automotive
Highlights of The Underbody Heat Shields Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rigid Heat Shield
- Flexible Heat Shield
- By Application:
- Passenger Cars
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Underbody Heat Shields Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Underbody heat shields are a type of automotive body armor that protect the underside of a vehicle from damage in collisions. They are made from materials such as steel or plastic, and may be mounted on the frame or undercarriage.
Some of the major companies in the underbody heat shields market are ElringKlinger AG, Estamp, Frenzelit, Autoneum, Dana Incorporated, Tenneco, TKG Automotive.
The underbody heat shields market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Underbody Heat Shields Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Underbody Heat Shields Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Underbody Heat Shields Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Underbody Heat Shields Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Underbody Heat Shields Market Size & Forecast, 2020-2028
4.5.1 Underbody Heat Shields Market Size and Y-o-Y Growth
4.5.2 Underbody Heat Shields Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rigid Heat Shield
5.2.2 Flexible Heat Shield
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Underbody Heat Shields Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Underbody Heat Shields Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rigid Heat Shield
9.6.2 Flexible Heat Shield
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rigid Heat Shield
10.6.2 Flexible Heat Shield
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rigid Heat Shield
11.6.2 Flexible Heat Shield
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rigid Heat Shield
12.6.2 Flexible Heat Shield
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rigid Heat Shield
13.6.2 Flexible Heat Shield
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Underbody Heat Shields Market: Competitive Dashboard
14.2 Global Underbody Heat Shields Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ElringKlinger AG
14.3.2 Estamp
14.3.3 Frenzelit
14.3.4 Autoneum
14.3.5 Dana Incorporated
14.3.6 Tenneco
14.3.7 TKG Automotive
