Commercial Vehicle Heat Shield Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Commercial Vehicle Heat Shield Market is projected to expand from USD 11.11 Billion in 2025 to USD 15.64 Billion by 2031, registering a CAGR of 5.87%. These specialized thermal management components are essential for isolating and dissipating the intense heat produced by exhaust systems and engines, thereby safeguarding temperature-sensitive parts and ensuring the safety of occupants. The market's growth is largely underpinned by the enforcement of strict emission standards that require engines to operate at higher temperatures for efficient combustion, as well as the booming logistics industry which is driving demand for light commercial vehicles. For instance, the European Automobile Manufacturers’ Association (ACEA) reported an 8.3 percent increase in new van registrations in the European Union in 2024, highlighting the strong need for commercial transport solutions.

A significant challenge impeding the long-term expansion of this market is the accelerating transition toward electric mobility. Electric powertrains generate substantially less radiant heat compared to internal combustion engines, which drastically reduces the requirement for traditional exhaust and engine heat shielding systems in future commercial fleets. This shift creates a notable headwind for the industry, as the widespread adoption of battery-electric vehicles inherently diminishes the need for the extensive thermal protection measures currently standard in conventional transport.

Market Drivers

The enforcement of stringent global emission regulations serves as a primary catalyst propelling the Global Commercial Vehicle Heat Shield Market. As governments worldwide implement rigorous standards such as the EPA 2027 mandate and Euro 7, commercial vehicle manufacturers are compelled to adopt advanced exhaust aftertreatment systems, including Selective Catalytic Reduction (SCR) and Diesel Particulate Filters (DPF). These technologies operate at significantly higher temperatures to incinerate pollutants effectively, creating a critical need for high-performance heat shields to protect adjacent temperature-sensitive components and maintain thermal efficiency. This regulatory pressure ensures sustained demand for thermal management solutions, evidenced by the European Automobile Manufacturers’ Association (ACEA) reporting in October 2025 that diesel trucks maintained a dominant 93.5 percent market share in the European Union during the first nine months of the year.

Simultaneously, the expansion of the global logistics and transportation sectors drives the volume of heat shield procurement through increased fleet manufacturing and replenishment. The rising movement of freight, particularly in emerging markets, fuels the production of light and heavy-duty commercial vehicles, which serves as the direct install base for engine and exhaust thermal insulation. This growth trend is evident in key Asian markets; for example, the China Automobile Dealers Association reported in September 2025 that retail sales of new commercial vehicles in China reached 2.014 million units from January to August, representing a year-on-year increase of 7.37 percent. Additionally, Daimler Truck reported delivering a substantial 106,715 trucks and buses globally in the second quarter of 2025 alone, underscoring how vehicle production supports overall market scale.

Market Challenges

The accelerating transition toward electric mobility represents a formidable obstacle to the expansion of the global commercial vehicle heat shield market. Unlike internal combustion engines, which generate substantial thermal energy requiring extensive shielding for exhaust systems, turbochargers, and manifolds, battery-electric powertrains operate with significantly lower thermal signatures. This fundamental architectural shift eliminates the necessity for traditional high-temperature isolation components, effectively diminishing the average volume of heat shielding material required per vehicle. As fleet operators and logistics companies increasingly adopt zero-emission technologies to comply with environmental mandates, the addressable market for conventional thermal management solutions is steadily contracting.

Validating this upward trend in adoption, data from the European Automobile Manufacturers’ Association (ACEA) indicates that in the first half of 2025, electrically-chargeable trucks secured 3.6 percent of the total market share in the European Union, marking a notable increase from the 2.1 percent recorded during the same period in 2024. This rising penetration of electric commercial vehicles directly reduces the demand for exhaust-related heat protection, creating a structural challenge for manufacturers heavily dependent on internal combustion engine applications.

Market Trends

The adoption of advanced lightweight composite and aluminum materials is fundamentally reshaping component design as manufacturers seek to offset the heavy curb weight of electric powertrains and improve fuel efficiency in combustion fleets. This shift compels heat shield suppliers to engineer insulation solutions compatible with temperature-sensitive substrates like fiber-reinforced plastics, moving away from heavy stamped steel assemblies. Consequently, there is a surge in demand for multifunctional components that combine thermal resistance with significant mass reduction to ensure vehicle range optimization, a trend highlighted by Autoneum’s March 2025 report which noted a record order intake of CHF 3.2 billion driven by lightweight acoustic and thermal technologies.

Simultaneously, the expansion into electric commercial vehicle battery thermal management represents a critical pivot for the industry, offsetting the reduced need for exhaust insulation. As fleets electrify, the primary thermal challenge shifts from containing exhaust heat to preventing thermal runaway within high-voltage battery packs, necessitating specialized barriers made from aerogels or mica to ensure occupant safety and asset protection. This structural market evolution is creating high-value opportunities for advanced material suppliers; for instance, Aspen Aerogels forecasted in November 2025 that its full-year 2025 revenue for the EV thermal barrier segment would range between $270 million and $280 million, confirming the resilience of this emerging application.

Key Players Profiled in the Commercial Vehicle Heat Shield Market

• Dana Incorporated
• Lydall, Inc.
• ElringKlinger AG
• Federal-Mogul Corporation
• Morgan Advanced Materials PLC
• Autoneum Holding AG
• Nichias Corporation
• Talbros Automotive Components Ltd.
• Carcoustics International GmbH
• Thermo-Tec Automotive Products, Inc.

Report Scope

In this report, the Global Commercial Vehicle Heat Shield Market has been segmented into the following categories:

Commercial Vehicle Heat Shield Market, by Type:

• Engine Compartment
• Exhaust Compartment
• Other Types

Commercial Vehicle Heat Shield Market, by Sales Channel:

• OEM's
• Aftermarket

Commercial Vehicle Heat Shield Market, by Vehicle Type:

• LCV
• M&HCV

Commercial Vehicle Heat Shield Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Commercial Vehicle Heat Shield Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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