Automotive Heat Shield Market Research Report – Forecast to 2023

Market Research Future published research report on Global Automotive Heat Shield Market. The "Automotive Heat Shield Market" is expected to witness 8.6% CAGR during the period, 2018 to 2023.

Market Highlights:

The automotive heat shield is used to protect components from the heat coming from the excessive heat from the engine parts. Heat shield helps in enhancing the vehicle performance and prevent overheating in the vehicle. The heat shield is used to cool engine body vents, which release overheat during the engine running at high speed. Population growth is one the major driving factors for the growth of the automotive heat shield market, which enhance the market revenue and bring demand for the product. Continuous growing sales of automobiles around the world and safety concern regarding the heat will boost the growth of the market. Introduction of new vehicle type segment named electric vehicle will further drive the growth of the market. However, continuous fluctuation in the price of raw materials such as aluminum will hamper the growth of the automotive heat shield market.

Market Research Analysis

In terms of region, the global market for the automotive heat shield is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to hold a significant market revenue share over the forecast period in terms of value followed by Europe and North America. Increase in population in countries such as China and India, and growing demand for the advanced vehicle will raise the demand for the automotive heat shield. Furthermore, increasing urbanization and economic growth will influence the GDP of the market significantly, driving the automobile component industry in the region. In Europe, new government regulations and awareness towards vehicle advanced safety technologies will create further opportunities for new entrants in the region. In North America, demand for next-generation vehicles and increasing trend for engine downsizing will enhance the growth of the market during the forecast period.

Scope of the Report

This study provides an overview of the global automotive heat shield market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive heat Shield market by type, material, fuel, sales, application, and regions.

Key Players

The prominent players in the automotive heat shield market include Federal-Mogul LLC (U.S.), Dana Limited (U.S.), Autoneum (Switzerland), ElringKlinger AG (Germany), Lydall, Inc. (U.S.), UGN, Inc. (U.S.), and HAPPICH GmbH (Germany). Progress-Werk Oberkirch AG (Germany), Morgan Advanced Materials (U.K), Heatshield Products, Inc. (U.S.) are among others.

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