PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1007973
PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1007973
Global Automotive Heat Shield Market Size, Share & Trends Analysis Report by Type (Single Shell, Double Shell, and Sandwich), by Application (Engine Compartment, Exhaust Compartment, Turbocharger, and Others), by Vehicle Type (Passenger Vehicles and Commercial Vehicles) and Forecast 2020-2026
The global automotive heat shield market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising production of electric vehicles and on-road vehicle bases across the globe. However, the outbreak of COVID-19 pandemic will certainly hamper the global sales of automotive heat shield in 2020. The automotive heat shield market is classified on the basis of type, application, and vehicle type. Based on type, the market is classified into single shell, double shell, and sandwich. Based on application, the market is segmented into engine compartment, exhaust compartment, turbocharger, and others. Based on vehicle type, the market is bifurcated into passenger vehicles and commercial vehicles. Among these vehicle types, the passenger vehicles segment contributes the major share in the automotive heat shield and is estimated to project a considerable CAGR during the forecast period.
Geographically, the global automotive heat shield market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to contribute a significant share in the global market. China dominates the Asia-Pacific automotive heat shield market with a market share of over 35.0% in 2019. The country has marked itself as the largest manufacturer and consumer of automotive across the globe, thereby, contributes the major share in the Asia-Pacific automotive heat shield market. In addition, Europe is expected to project a considerable growth during the forecast period. With the rising initiatives for the roll-out of electric vehicles in European economies, such as Norway, UK, and France, the automotive heat shield market is expected to foresee a considerable growth during the forecast period.
The global automotive heat shield market is influenced by product development and advancements conducted by the market players. The key players of the automotive heat shield market include Dana Inc., Lydall Inc., ElringKlinger AG, Autoneum Holding AG, and Talbros Automotive Components Ltd. These players are playing a significant role in the growth of the automotive heat shield market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
The market study of the global automotive heat shield market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
The Report covers: