Global “Automotive Heat Shields Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Automotive Heat Shields in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Automotive Heat Shields Market report categorizes the market based on manufacturers, regions, type, and application. Automotive Heat Shields Market reports offer a detailed assessment of the Automotive Heat Shields including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Automotive Heat Shields market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global automotive heat shields market is anticipated to record a CAGR of 7.21% during the forecast period of 2018 – 2023. The increase in the production of automobiles and the rising concern towards safety and security are the crucial elements influencing the growth of the heat shield market.
Light Weight Heat Shields Gaining Popularity in the Auto Industry
Modern day cars demand reduced and confined space, increased power, and a decrease in weight and hence, the heat shields should necessarily be of light weight and low density. The weight of the vehicle has become such a strong factor that some manufacturers, such as Land Rover have started making automobiles majorly out of light materials like aluminum to cut down on weight.
The growing population, improved economic conditions, easy credit are few factors involved in increasing the number of motor vehicles globally. All of the cars with an engine capacity of more than 1.6-litre contain heat shields and hence, the market of automotive heat shields is growing rapidly. The global luxury car sales grew by 15% from 2015 to 2016, thereby, increased the number of 1.6-litre engine vehicles further driving the automotive heat shields market.
The market for other type of heat shields (which comprises of turbocharged engine equipped vehicles, under body heat shields and under bonnet heat shields) is expected to show the highest CAGR in the market on account of rising sales of luxury vehicles, engine downsizing, the increasing adoption of heat shields in the mid-segment cars and increasing turbocharger.
High Cost of Heat Shields in Aftermarket and Emergence of Electric Vehicles are the Challenges in the Market Growth
The key restraint for the market is the factor that the replacement part is overpriced, and the exhaust system has to be possibly removed to fit the new heat shield. The aftermarket prices for the automotive heat shields are 1.5 times more than OEM prices of the same. Although, it is recommended to change the heat shields every 100,000 to 150,000 kilometers, many car owners do not generally prefer to replace the old one with a new heat shield, owing to the price or lack of awareness.
The South American region is predicted to show the highest growth rate, but a mild slowdown in the European and North American region, owing to the increase in preferences of electric vehicles could bring down the growth rate slightly.
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The global Automotive Heat Shields market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Automotive Heat Shields Market Report covers the Top Key-players in 2021:-
- DANA Corporation
- Lydall Inc.
- Elringklinger AG
- Federal-Mogul Corporation
- Morgan Advanced Materials
- Talbros Automotive Components
Highlighted points of Automotive Heat Shields Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Automotive Heat Shields Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Automotive Heat Shields? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Automotive Heat Shields Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Automotive Heat Shields Market? What Was Capacity, Production Value, Cost and PROFIT of Automotive Heat Shields Market?
- What Is Current Market Status of Automotive Heat Shields Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Automotive Heat Shields Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Automotive Heat Shields Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Automotive Heat Shields Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Automotive Heat Shields Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Automotive Heat Shields Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Automotive Heat Shields Industry?
Key Developments in the Automotive Heat Shields Market:
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Finally, the report Global Automotive Heat Shields Market 2021 describes the Automotive Heat Shields industry expansion game plan, the Automotive Heat Shields industry knowledge supply, appendix, analysis findings, and the conclusion.
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