Automotive Heat Shield Market by Application (Engine, Exhaust, Under Bonnet, Under Chassis, Turbocharger), Product (Single Shell, Double Shell, Sandwich) - Global Forecast to 2027
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The Global Automotive Heat Shield Market size is projected to grow from USD 16.1 Billion in 2019 to USD 19.8 Billion by 2027, at a CAGR of 2.6%.
Top Companies Profiled in the Automotive Heat Shield Market:
• Dana Incorporated (US)
• Morgan Advanced Materials (UK)
• Autoneum (Switzerland)
• ElringKlinger AG (Germany)
• Lydall Inc. (UK)
• Carcoustics (Germany)
• UGN Inc. (US)
“Increasing emphasis on increasing fuel efficiency and reduce NVH levels are likely to propel the growth of the market during the forecast period.”
Increasing concerns over air pollution and global warming have forced the governments of several countries to enforce strict emission policies and regulations for ICE vehicles. OEMs are focusing on increasing fuel efficiency by adopting lightweight technologies in vehicles.
“Asia Pacific is expected to lead the market during the forecast period.”
Asia Pacific comprises rapidly emerging economies such as China and India, along with developed nations such as Japan, and is the largest market for automotive. In recent years, the region has emerged as a hub for automobile production.
“Europe is expected to be the second-largest market during the forecast period.”
Europe is pegged to be the second-largest market for automotive heat shield in 2019, after Asia Pacific. Europe is a major hub for several renowned automotive heat shield manufacturers such as Autoneum, Lydall, ElringKlinger, TKG Automotive, Zircotec, Carcoustics, Happich GmbH, and Morgan Advanced Materials,among others.
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Breakdown of primary participants’ profile:
• By Company Type: OEMs - 24%, Tier I - 63%,and Tier II& III - 13%,
• By Designation: CXOs - 27%, Manager - 41%,and Others - 32%
• By Region: North America - 27%, Europe - 32%, Asia Pacific - 37%, and Rest of the World- 4%
Competitive Landscape of Automotive Heat Shield Market:
2 Market Ranking Analysis
3 Product Comparison Mapping, By Key Competitors
4 Competitive Leadership Mapping
4.1 Visionary Leaders
4.3 Dynamic Differentiators
4.4 Emerging Companies
5 Strength of Product Portfolio
6 Business Strategy Excellence
7 Winners vs Tail-Enders
8 Competitive Scenario
Reason to access this report:
The report will help leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall automotive heat shield market. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
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