Automotive Shielding Market Size to Grow at a CAGR of 8.2% by 2025

Automotive Shielding Market is expected to grow at a CAGR of 8.2% during the next five years, according to a newly added report by Stratview Research. The unprecedented rise in the growth in vehicle production, growing demand for fuel-efficient vehicles, stringent emission protocols, increasing electrification of vehicles, wider adoption of high-end electronics, considerations of safety features, and the escalating demand for luxury and commercial vehicles are the key drivers that bolster the demand for the global automotive shielding market.

The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in seven ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.

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As per the report, among different Shielding types, it is estimated that the EMI shielding will be the fastest-growing segment in the coming five years. The creation of advanced features and electronic components in a vehicle drive the high demand for this segment. The extensive use of high-end electronics in vehicles further strengthen the market of this segment.

Based on the vehicle type, the automotive shielding market is segmented as passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment is anticipated to register the highest growth during the forecast period. The mounting production of passenger cars, the growing awareness of safety features, the demand for fuel-efficient variants along with the cognizance of stringent emission norms have greatly influenced the growth of this segment.
Based on the material type, the market is divided into metallic and non-metallic segments. Owing to high temperature tolerance in the engine and the exhaust system, along with its remarkable strength, the metallic segment is likely to grow at a higher CAGR in the coming five years.

Based on the electric vehicle type, the market has been segmented as battery electric vehicle, fuel cell electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. Innovations in the battery technology drive the success of the battery electric vehicle. This, in turn, bolsters the demand for automotive shielding in the battery electric vehicles.

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Asia-Pacific is estimated to have the fastest growth during the forecast period. China, Japan, India, and South Korea are considered to be the growth engines of the region. Growing automobile production, increasing safety concerns, and high demand for luxury vehicles drive the market for automotive shielding in the region during the approaching years.

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The report further mentions about the key manufacturing players Federal-Mogul, Laird PLC, Morgan Advanced Materials, Elringklinger Ag, Dana Incorporated, Schaffner Holding, Henkel AG & Company, KGaA, The 3M Company, Parker Chomerics, Kitagawa Iron Works Co., Ltd, Tech-Etch Inc., and Marian, Inc. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the Automotive Shielding Market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly.

Salient Features of the Report
The report on Automotive Shielding Market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
• Market structure,
• Market environment analysis,
• Market trend and forecast analysis,
• Market segment trend and forecast,
• Competitive landscape and dynamics,
• Attractive market segments and associated growth opportunities,
• Emerging trends,
• Strategic growth opportunities for the existing and new players,
• Key success factors

About Stratview Research:
Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.

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Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

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About Stratview Research
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This release was published on openPR.