Top Companies in Automotive Heat Shield Market

The automotive heat shield market is projected to grow from USD 12.14 billion in 2025 to USD 12.68 billion by 2032 at a CAGR of 0.6%. The demand for automotive heat shields is expected to grow with the rise in global vehicle production and the need for fuel-efficient vehicles. The increasing adoption of plug-in hybrid electric vehicles (PHEVs) and advancements in heat shield technology that improve vehicle performance and efficiency are key factors driving this market. Additionally, the growing use of lightweight vehicle components has increased the demand for heat shields that are both lightweight and resistant to high temperatures.

Some of the major players in the automotive heat shield market with a significant global presence include Tenneco Inc. (US), Dana Limited (US), ElringKlinger AG (Germany), Autoneum (Switzerland), and Alkegen (US). These players have incorporated various organic and inorganic growth strategies, including collaborations, acquisitions, partnerships, agreements, and expansions, to strengthen their international footprint and capture a greater share of the automotive heat shield market. These organic and inorganic strategies have allowed the market players to expand across regions by offering automotive heat shields.

To know about the assumptions considered for the study download the pdf brochure

In November 2024, Autoneum opened a Research & Technology Center in Shanghai, China, to enhance its presence in New Mobility. The center focuses on developing acoustic and thermal management solutions for e-mobility.

In June 2024, Aspen Aerogels, Inc. received a PyroThin design order from Valmet Automotive, a manufacturing partner for Porsche’s next-generation electric 718 series. Aspen Aerogels agreed to supply PyroThin for this fully electric vehicle lineup.

Tenneco Inc. provides clean air, powertrain, and ride performance systems for light vehicles, commercial trucks, off-highway, and other vehicle applications. The company operates through four business segments: clean air, powertrain, DRiV, and performance solutions. On February 23, 2022, Tenneco announced an agreement to be acquired by Apollo-managed funds in a USD 7.1 billion cash transaction completed on November 17, 2022. Following the acquisition, Tenneco was delisted from the New York Stock Exchange and became a private company. Through its Systems Protection business, Tenneco offers heat shield products for various automotive applications.

Dana Limited (Dana) is a leading power conveyance and energy-management solutions manufacturer. It develops and supplies drive and motion products, sealing solutions, thermal management technologies, fluid power products, and electrification products for light, commercial, and off-highway vehicles. The company operates through four segments: light vehicle, commercial vehicle, off-highway, and power technologies. Dana consistently develops shielding systems to meet the growing requirements of automotive OEMs. It offers heat shields for light vehicles and commercial vehicles. Dana provides heat shields through its Victor Reinz brand. Its thermal acoustic protective shielding (TAPS) offers various thermal and acoustic management solutions in exhaust and powertrain systems.

ElringKlinger AG (ElringKlinger) is a leading global provider of auto components, modules, and systems for the automotive industry, catering to passenger cars and commercial vehicles. It specializes in lightweight components, thermal and acoustic shielding systems, cylinder-head and specialty gaskets, battery and fuel cell systems, and electric drive units catering to various drive systems. The company’s operations are categorized into four divisions: Original Equipment, Aftermarket, Engineered Plastics, and Others. The company offers metal forming and assembly technology products for shielding applications through its Original Equipment business division. In January 2023, ElringKlinger renamed its “Shielding Technology” business unit to “Metal Forming & Assembly Technology.” This unit continues to include established shielding product groups such as ElroShield and ElroCoustic. Additionally, its portfolio features shielding components such as high-voltage connector caps, brake cover plates, and acoustic and thermal shielding parts.

Market Ranking

The automotive heat shield market is fragmented, with five main players such as Tenneco Inc. (US), Dana Limited (US), ElringKlinger AG (Germany), Autoneum (Switzerland), and Alkegen (US) collectively holding 15–20% of the total market share. Tenneco strengthens its market presence by providing heat shield solutions through its Systems Protection business. Its supply of heat shields for Citroën’s C5 X highlights its strategic partnerships with major automakers. Dana effectively addresses diverse OEM requirements by offering heat shielding solutions across light vehicles, commercial vehicles, and off-highway segments, ensuring a comprehensive market reach. ElringKlinger AG emphasizes lightweight heat shield solutions to enhance fuel efficiency and reduce emissions, aligning with industry trends and reinforcing its competitive positioning. The remaining 80–85% of the market is shared among other regional and emerging vendors, contributing to extensive fragmentation and offering opportunities for smaller players to establish a footprint. Market competition is driven by innovations in high-temperature-resistant, lightweight, and low-density materials that are environmentally friendly.

Related Reports:

Automotive Heat Shield Market by Application (Engine, Exhaust, Under-bonnet, Under-chassis, Turbocharger), Product (Single-shell, Double-shell, Sandwich), Function (Acoustic, Non-acoustic), Material, Vehicle Type, EV Type, and Region - Global Forecast to 2032

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103,
Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com