Global Automotive Heat Shields Market
Automotive Heat Shields Market
The market is expected to grow at a CAGR of 7.42%, to a market size of USD XX billion by the year 2022. Automotive heat shields are vital for the proper functioning of an automobile. With the engines getting bigger and more powerful, the heat generated has increased in recent times. The automotive heat shields are used in various areas of the automobile to protect it from the high temperature generated by the engine and the exhaust systems. Heat shields are used more extensively in luxury cars and are of the highest quality. This is mainly due to the heavy-duty engines and exhausts used in these cars. The growth in the sales of luxury cars around the world will be an important driver for the automotive heat shields market.
The Asia-Pacific region, led by China, Japan, and India, is currently the largest market for automotive heat shields and is expected to lead the growth in the forecast period. Growing disposable incomes and a rising middle-class income group are forecasted to boost the automotive industry in the forecast period, which in turn will boost the automotive heat shields market. Africa is expected to emerge as an opportunistic market post-2020, as rising disposable incomes and improving infrastructure will encourage more people to own automobiles. Nigeria is set to emerge as one of the key markets in the region post-2020.
The market for turbocharger heat shields is expected to see the fastest rate of growth in the forecast period, as a rising number of vehicles will be equipped with these in the forecast period. The primary reason for the growth will be the rise in the use of turbochargers for diesel and gasoline engines. Many manufacturers are downsizing the engines but increasing the power output. This is made possible with the use of a turbocharger, which will be a prime driver of the market.
The market has been segmented by type (turbocharger heat shield, exhaust system heat shield, under chassis heat shield, engine heat shield and others), vehicle type (passenger vehicles, commercial vehicles) and geography (North America, South America, Europe, Middle East & Africa and Asia-Pacific).
Some of the key players in the market are:
Dana Holding Corporation
Federal Moghul Corporation
Morgan Advanced Materials
What the Report Offers
Market analysis for the Automotive Heat Shields Market, market specific assessments, and competition analysis on the global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario and rising prospective opportunities, along with the identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the Automotive Heat Shields Market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.