According to a new market report published by Lucintel, the future of the global automotive heat shield market looks promising with opportunities in passenger cars, light commercial vehicles, heavy commercial vehicles, and electric vehicles. The global automotive heat shield market is expected to grow with a CAGR of 4% from 2021 to 2026. The major drivers for this market are increasing focus on lightweight and fuel efficiency products, rising product utilization in the production of electric vehicles, and rise in demand for high mobility and high-performance vehicles.
To download report brochure, please go to www.lucintel.com/automotive-heat-shield-market.aspx and click "download brochure" tab from the menu.
In this market, metallic and non-metallic are the major materials used to manufacture automotive heat shields. On the basis of comprehensive research, Lucintel forecasts that metallic will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to increasing worldwide vehicle production, their ability to withstand a wide range of temperatures in automotive engines and exhaust systems, and their strength. Also, the availability of metal shielding enclosures in a wide range of dimensions for various electronic systems, which are increasing at a rapid pace in automobiles, is another major factor for the rapid growth of this segment.
Within the global automotive heat shield market, the passenger car segment is expected to witness the highest growth over the forecast period due to increasing urbanization and evolving customer needs that have influenced global passenger car sales. The rising demand for fuel-efficient vehicles, coupled with increasingly stringent emission norms, has been propelling the growth of the passenger car segment of the automotive heat shield market
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to the implementation of new technologies, establishment of additional manufacturing plants, and creation of value-added supply chains between manufacturers and material providers that has created a platform for future growth in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing environmental concerns, rising penetration of turbochargers and compression engines, and increase in the adoption of automotive heat shields.
Dana Limited, RGBSI, DuPont, Frenzelit, Estamp Int, Tenneco, Autoneum Holding AG, Morgan Advanced Material, HKO Group, and AK Steel Corporation are among the major suppliers of the automotive heat shield market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive heat shield market by product type, material, application, vehicle type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Heat Shield Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive heat shield market by product type, material, application, vehicle type, and region, as follows:
By Product Type [Value ($ Million) from 2015 to 2026]:
Single Shell
Double Shell
Sandwich
By Material [Value ($ Million) from 2015 to 2026]:
By Application [Value ($ Million) from 2015 to 2026]:
Exhaust System Heat Shields
Turbocharger Heat Shields
Under Bonnet Heat Shields
Engine Compartment Heat Shields
Under Chassis Heat Shields
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.