Latest news with #ElringKlingerAG
Yahoo
21-04-2025
- Automotive
- Yahoo
Automotive Heat Shield Market worth $12.68 billion by 2032
DELRAY BEACH, Fla., April 21, 2025 /PRNewswire/ -- 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%, according to a new report by MarketsandMarkets. The automotive heat shield market is driven by the widespread presence of ICE vehicles in China, Japan, India, and the US, increasing demand for high-temperature-resistant shielding solutions. With EV adoption rising, specialized heat shields made from lightweight aluminum, composite materials, and multilayer insulation are essential to protect battery packs and electronic components. Meanwhile, commercial vehicles rely on steel-based heat shields for engine compartments and exhaust systems due to their slower electrification. Additionally, the market sees growing demand for non-acoustic heat shields in high-temperature zones and acoustic heat shields for noise reduction in EV powertrains. To meet these evolving needs while addressing environmental concerns, manufacturers invest in R&D to develop eco-friendly and recyclable heat shield materials that balance performance, durability, and sustainability. Download an Illustrative overview: Browse in-depth TOC on "Automotive Heat Shield Market" 226 - Tables75 - Figures257 - Pages Passenger cars are projected to account for the largest share of the automotive heat shield market during the forecast period. The passenger cars will dominate the automotive heat shield market, driven by sustained ICE vehicle production and advancements in engine efficiency. Automakers are integrating turbocharged and high-performance engines that generate more heat, necessitating effective thermal management solutions. Additionally, stricter emission regulations push manufacturers to develop lightweight and durable heat shields to enhance fuel efficiency and reduce carbon footprints. Automotive heat shield manufacturers such as Tenneco Inc. (US), ElringKlinger AG (Germany), Dana Limited (US), and Carcoustics (Germany) provide automotive heat shields to passenger car vehicle models. In 2025, Aspen Aerogels Inc. provided heat shields to Porsche for its 718 Boxster and 718 Cayman passenger car models in Germany. Double-shell heat shield is set to lead the automotive heat shield market during the forecast period. The double shell heat shield holds the largest share in the automotive heat shield market, primarily due to its effective thermal protection in high-temperature areas such as under-bonnet and turbocharger applications. These heat shields are designed with two metal layers, offering improved insulation and durability. The rising demand for fuel-efficient vehicles, increasing adoption of lightweight materials, and stricter emission regulations are key drivers supporting the demand for double-shell heat shields in the market. Companies such as ElringKlinger AG (Germany), Morgan Advanced Materials (UAE), and HKO (Germany) provide double shell heat shields to key OEMs. ElringKlinger AG offers an ElroShield M multilayer shielding solution made of metal and insulating material. Similarly, the company offers ElroForm multilayer and multi-material solutions for under-bonnet applications. North America is estimated to account for the second-largest share of the automotive heat shield market during the forecast period. North America is estimated to be the second-largest market for automotive heat shields during the forecast period. The US is the largest automotive market in this region. The growth in North American vehicle production in 2024, driven primarily by light trucks, is expected to increase the demand for automotive heat shields. Further, advancements in lightweight materials and manufacturing processes have developed more heat-resistant heat shields. Several major manufacturers, including Dana Limited (US), Tenneco Inc. (US), Alkegen (US), Aspen Aerogels, Inc. (US), DuPont (US), UGN Inc. (US), and The Narmco Group (Canada), operate in the region. The widespread use of light commercial vehicles (LCVs) and the increasing shift toward vehicle electrification in the US are key factors influencing the market. As the industry moves toward EVs, manufacturers focus on specialized heat shield solutions for battery packs and electric motors. Additionally, stricter government emission regulations are driving demand for emission-free vehicles, which in turn is boosting the need for advanced heat shields that ensure efficient heat dissipation in high-performance vehicles. Key Market Competitive Intelligence on the Automotive Heat Shield Industry: Prominent players in the Automotive Heat Shield Companies include as Tenneco Inc. (US), Dana Limited (US), ElringKlinger AG (Germany), Autoneum (Switzerland), Alkegen (US), Sanwa Packing Industry Co., Ltd. (Japan), Technol Eight Group (Japan), Thai Summit Group (Thailand), Kokusan Parts Industry Co., Ltd. (Japan), Carcoustics (Germany), Aspen Aerogels, Inc. (US), Futaba Industrial Co., Ltd. (Japan), DuPont (US), Zircotec (UK) and Morgan Advanced Materials (UK). Get 10% Free Customization on this Report: This report provides insights on: Analysis of key drivers (Innovation in heat shield insulation techniques for enhanced thermal resistance, growing focus on lightweight and fuel efficiency standards, and rise in electrical/electronic components in vehicles), restraints (restrictions on ICE vehicles by major countries, and customization requirements increasing production complexity and cost), opportunities (rising demand for PHEVs, and Recycling scrap automotive heat shield insulation material), and challenges (active cooling systems reducing reliance on passive heat shielding) Product Development/Innovation: Detailed insights on upcoming technologies and research & development activities in the automotive heat shield market Market Development: Comprehensive information about lucrative markets—the report analyses the automotive heat shield market across varied regions Market Diversification: Exhaustive information about untapped geographies, recent developments, and investments in the automotive heat shield market Competitive Assessment: In-depth assessment of market share, growth strategies, and product offerings of leading players like Tenneco Inc. (US), Dana Limited (US), ElringKlinger AG (Germany), Autoneum (Switzerland), and Alkegen (US) in the automotive heat shield market. Related Reports: Automotive Heat Exchanger Market Automotive Gasket and Seal Market Automotive Pumps Market Get access to the latest updates on Automotive Heat Shield Companies and Automotive Heat Shield Industry Growth About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
Yahoo
03-04-2025
- Automotive
- Yahoo
ElringKlinger AG (EGKLF) Q4 2024 Earnings Call Highlights: Navigating Challenges with Strategic ...
Release Date: March 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ElringKlinger AG (EGKLF) achieved its annual targets with an adjusted EBIT margin of 4.9% and an operating free cash flow of EUR 58 million. The company has a solid financing structure, with a new syndicated loan of EUR 450 million, providing flexibility in uncertain times. Revenue in the e-mobility division more than doubled compared to the previous year, indicating strong growth potential in this segment. The aftermarket segment performed strongly, increasing sales by around 12% to EUR 336 million, contributing significantly to the group's revenue. ElringKlinger AG (EGKLF) successfully reduced its net debt to a long-term low of EUR 246 million, with an adjusted net debt to EBITDA ratio of 1.2, indicating financial stability. The company recorded a slight year-on-year revenue decline of 2.4%, impacted by challenging market conditions and currency exchange effects. EBITDA fell by 28% compared to the prior year, with reported earnings per share in negative territory due to impairment losses. The equity ratio decreased to 39%, below the medium-term target range of 40 to 50%, indicating a need for improvement in financial stability. ElringKlinger AG (EGKLF) recognized impairments and restructuring charges totaling EUR 238 million as part of its strategic measures. The company faces a mixed market situation, with stagnating automotive markets in Europe and North America affecting overall growth prospects. Warning! GuruFocus has detected 4 Warning Sign with EGKLF. Q: Can you elaborate on the strategic measures taken to improve profitability and cash flow? A: The CEO explained that ElringKlinger AG has implemented a strategic package aimed at enhancing profitability and generating sustainable cash flow. This includes discontinuing the system business for electric drive units and focusing on profitable components. The company recognized impairments of 85 million related to these changes and is reviewing other shareholdings for potential further steps. Additionally, they have closed divestments in Switzerland and the U.S., recognizing impairments and charges totaling 103 million. The strategy also involves consolidating the global footprint and discontinuing operations in certain locations, with total impairments of 50 million related to these actions. Q: How is the e-mobility division performing, and what are the future expectations? A: The CFO reported that revenue in the e-mobility division more than doubled compared to the previous year, with sales increasing from around 48 million to 102.5 million in 2024. The share of total revenue from e-mobility is expected to continue rising. The company is preparing for further large-scale orders, which will require investments, but they expect the CapEx ratio to eventually decrease to between 2% and 4% of total sales. Q: What are the financial highlights for the fiscal year 2024? A: The CFO highlighted that ElringKlinger AG recorded revenue of 1.83 billion, a slight decline of 2.4% year-on-year. Adjusted EBITDA was 197.1 million, and the adjusted EBIT margin was 4.9%, meeting the target level. Operating free cash flow was 58 million, significantly above expectations, allowing the company to reduce net debt to 246 million. The adjusted net debt to EBITDA ratio is at a low 1.2. Q: How is the company addressing the challenging market environment, particularly in Europe and North America? A: The CEO stated that despite the lack of market momentum in Europe and North America, ElringKlinger AG is compensating with large-scale orders and strong aftermarket business. The company expects organic sales to remain at previous year levels and anticipates moderate growth in the medium term. They are also optimizing costs and simplifying organizational structures to improve profitability. Q: What are the expectations for the company's financial performance in 2025? A: The CFO mentioned that ElringKlinger AG expects an adjusted EBIT margin of around 5% for 2025, similar to the previous year. Operating free cash flow is projected to be in the range of 1% to 3% of revenue, with a medium-term target of 2% to 4%. The net debt ratio is expected to return to a range of 1 to 2 in the medium term, following an initial increase due to technical effects of IFRS 16 leases. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
