Industry Outlook and Trend Analysis
The Automotive Heat Shield Market was worth USD 9.73 billion in 2014 and is expected to reach approximately USD 19.03 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.74% during the forecast period. There are several parts inside an automotive that create heat while functioning. Protection of different parts from this heat is fundamental for the security and longer life expectancy of a vehicle. This can be accomplished by means of heat shields particularly made for automobiles, for example, header wrap and exhaust, turbo heat shields, and heat and heat shield sleeving. As the automotive sector touches new pinnacles, particularly in developing economies because of expanded discretionary income of urban populaces – the market for automotive heat shield is thriving.
Product Outlook and Trend Analysis
Based on product, exhaust heat shield insulation section had the most extreme request, which mirrored an income of US$2,965.9 million in 2017. Exhaust heat shield insulation expands the fumes temperature and exhaust flow, which enables work to control in vehicles. The primary function of exhaust heat shield insulation is to decrease under-hood temperatures and keep up more sizzling fumes gas inside the fumes framework for more drive. It is widely used as a part of mufflers, exhaust tubing, catalytic converters and for headers.
Type Outlook and Trend Analysis
In 2017, the rigid heat shield section constituted for over 34% of the aggregate request and is prepared to keep up its situation of direct strength all through the estimate time frame. Rigid heat shields give sufficient thermal protection and act as a shield against stone impingement and track junk. Produced using aluminium and strong steel, these heat shields can be effectively fitted with grommets and rivets.
Regional Outlook and Trend Analysis
On the basis of revenue, Asia Pacific ruled the worldwide automotive heat shield market, trailed by North America, Europe, and Rest of the World. The APAC automotive heat shield market is evaluated grow tremendously over the forecast period. Financial reforms combined with development in the automotive division are vigorously affecting the development of the worldwide automotive heat shield market. Financial changes have prompted an ascent in the discretionary income of people and development in car division has driven the production of vehicles. This has by implication driven the development of the automotive heat shield market over the globe.
The leading players in the market are Dana Incorporated, UGN Inc, HAPPICH GmbH, Federal-Mogul, Progress-Werk Oberkirch, Autoneum, ElringKlinger and Lydall Inc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Automotive Heat Shield Market is segmented as follows-
Thermal and Heat Shield Sleeving
Exhaust Heat Shield Insulation
Spark Plug Boot Heat Shields
Exhaust and Header Wrap
Turbo Heat Shields
Heat Shield and Thermal Barriers
Flexible Heat Shield
Textile Heat Shield
Rigid Heat Shield
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?