Automotive Heat Shield Market

Automotive Heat Shield Market accounted for US$ 14.16Bn in 2017 is expected to reach US$ 30.24Bn by 2026 at a CAGR of 9.95%. The driving factor for the Automotive Heat Shield Market are increase in vehicle production and its safety measure are key factor to growth. Increasing adoption of electronics in automobile, rising heat from engine, infrastructure demand, rise in income, government norms for safety in vehicle will open more opportunity in automotive heat shield market. High cost of raw material and replacement part will be the restrains for Automotive Heat Shield Market. The Automotive Heat Shield Market is segmented into the vehicle type, Material Type, Application type, Component and geography. In terms of Vehicle Type, Passenger cars segment will hold higher demand due to rise in mid-size vehicle production and its changing technology and consumer preferences will be the factor for growth. In Material, Non-Metallic Heat Shield segment will grow at faster due its most commonly used heat shield material and lighter in weight, high temperature resisting capacity will be the growing factor for Automotive Heat Shield Market. In Component, Turbocharger Heat Shield will have high growth potential. It’s one of best way to helps in vehicle for fuel-efficient and trending in engine downsizing. Among region, Asia pacific is expected to grow at the highest CAGR during the forecast period. The market growth in the region can be attributed to the increased vehicle production, high demand for passenger cars and luxury vehicles and growing public awareness towards eco-friendly vehicle. Also, the production expansions made by automobile paint manufacturer to meet the rising consumer demand globally, increasing use of advanced technology, and improve the safety measures are likely to boost the Automotive Heat Shield Market. In Asia pacific region China and India are big player in automotive production. Automotive Heat Shield Market share is consolidated, as the key multinational players occupy the major industry share. Federal-Mogul Holding Corporation, Autoneum Holding AG, Dupont, Dana Holding Corporation, Lydall Inc, UGN Inc, Covpress Ltd, Happich GmbH, Morgan Advanced Materials, Heatshield Products Inc, Zhuzhou Times, Sumitomoriko, Elringklinger AG, and Progress-Werk Oberkirch AG with brand portfolio expansion, mergers, collaborations and acquisitions are the key strategies adopted by the top players. For instance, in 2015, The HAPPICH Enterprise Group, acquired the English company Weston Body Hardware

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Scope of the Automotive Heat Shield MarketBy Vehicle Type

• Light commercial vehicles • Heavy commercial vehicles • Passenger cars

By Material Type

• Metallic Heat Shield • Non-Metallic Heat Shield

By Application Type

• Passive • Active

By Component

• Exhaust System Heat Shield • Under Bonnet Heat Shield • Turbocharger Heat Shield • Engine Compartment Heat Shield

By Geography

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

Key Players operating in the Automotive Heat Shield Market:

• Federal-Mogul Holding Corporation • Autoneum Holding AG • Dupont • Dana Holding Corporation • Lydall Inc • UGN Inc • Covpress Ltd • Happich GmbH • Morgan Advanced Materials • Heatshield Products Inc • Zhuzhou Times • Sumitomoriko • Elringklinger AG • Progress-Werk Oberkirch AG

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