Automotive Heat Shield Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Automotive Heat Shield Market by application type (engine compartment heat shield), and vehicle type (passenger vehicles) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Automotive Heat Shield Market it includes the five years Industry analysis and the 6 years annual forecast from 2017 to 2023. Some of the prominent participants in the Global Automotive Heat Shield Market are Federal-Mogul Holding Corporation, Elringklinger, Morgan Advanced Materials, Autoneum Holding AG, Progress-WerkOberkirch AG, Lydall Inc., UGN Inc., Covpress Ltd., and HappichGmbh.According to report the global automotive heat shield market is expected to grow at a CAGR of 6.3% over the forecast period of 2017 – 2023.
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Economic reforms have led to a rise in the disposable income of automotive heat shield market during the forecast period
An automotive heat shield is designed to shield a substance from absorbing excessive heat. It is often used as a form of exhaust heat management. Increasing penetration of turbo chargers across spark ignition is anticipated to be the factor driving the growth of the automotive heat shield market as the turbo chargers mandatorily needs to be equipped with heat shields.Additionally, effective heat shields performance is advanced by reducing the bonnet temperature, which in turn is fueling the growth of the automotive heat shield market. However, the replacement part of the heat shield is overpriced and the exhaust system has to be permanently removed to fit a new heat shield is the factor anticipated to be the key restraining factor for the growth of the automotive heat shield market over the forecast period. Increasing need for automotive sales across the globe is providing immense growth opportunities for the key players in the automotive heat shield market. On the other hand, increase in number of hybrid and electrical vehicles in the automobile industry are set to flourish the market in the upcoming years.Federal-Mogul Corporation, Atoneum Holding AG, and Erlingklinger AG dominate the global automotive heat shield market.
Asia Pacific dominates the global automotive heat shield market in terms of revenue
Among the geographies, Asia pacific dominated the automotive heat shield market followed by North America and Europe. Owing to the increased demand for vehicles, the Asia Pacific market is witnessed to grow substantially over the upcoming years. The countries such as India china and japan are anticipated to gain rapid growth due to industrialization activities.Moreover, increasing population coupled with high disposable income is expected to boost the demand for vehicles in Asia Pacific regions.
The report on global automotive heat shield market covers segments such as application type, and vehicle type. The application type segments include exhaust system heat shield, engine compartment heat shield, turbocharger heat shield, under chassis heat shield, and others. On the basis of vehicle type the global automotive heat shield market is categorized into commercial vehicles, and passenger vehicles.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 – 2023.
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Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global automotive heat shield market such as, Dana Holding Corporation,
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global automotive heat shield market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of automotive heat shield market.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the automotive heat shield market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the automotive heat shield market to understand the present and future trends in this market and formulate their strategies accordingly.