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Automotive Heat Shield Market 2018 Global Analysis By Growth Factors, Trends, Share, Size, And Key Players - Progress-Werk Oberkirch, Morgan Advanced, Heatshield, Lydal, Mogul, And HAPPICH

10-16-2018 09:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Automotive Heat Shield Market 2018 Global Analysis By Growth

Automotive Heat Shield Market 2018 Global Forecast to 2023 Research Report, Global Automotive Heat Shield market is expected to grow over the CAGR of around 8.6% during the period 2018 to 2023. Increase in sales of automobiles, growth in advanced technologies, and safety concern regarding the heat from the vehicle are expected to fuel the growth of the market in terms of value and volume. Government standards for the component structure will enhance the growth of heat shield for automotive.

Get Sample Report Automotive Heat Shield Market 2018 at: https://www.marketresearchfuture.com/sample_request/6174

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.

Market Highlights:

The global automotive heat shield market has seen remarkable growth; expected to expand with the CAGR of ~8.6%. Increase in sales of automobiles, growth in advanced technologies, and safety concern regarding the heat from the vehicle are expected to fuel the growth of the market in terms of value and volume. Government standards for the component structure will enhance the growth of heat shield for automotive. Modern or next-generation vehicles are more advanced and lightweight because of use of advanced technologies. Heavy investment in research and development for better materials are expected to create opportunities for new players in the market.

Moreover, advanced materials at low cost for heat shield will boost the further growth of the market and create opportunities to generate revenue for the market. However, continuous fluctuation in the price of the raw material will slow down the growth of the market. Competitive product pricing will hamper the revenue generation in the market and restrain the manufacturers for further innovation and development of new technology.

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.

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.

For more details visit: https://www.marketresearchfuture.com/reports/automotive-heat-shield-market-6174

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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