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Automotive heat shield market worth 15.1 billion USD by 2020

Automotive heat shield market worth 15.1 billion USD by 2020

The global automotive heat shield market, by value, is projected to grow at a CAGR of 7.8% from 2015 to 2020. Asia-Pacific is the largest market for automotive heat shield, followed by Europe and North America. Technological advancements over the past few years have made automotive heat shields safer and more effective. The material used in automotive heat shield fabrication includes aluminum, nylon, and ceramic.

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The report Automotive Heat Shield Market by Vehicle Type, by Application (Exhaust System, Under Bonnet, Turbocharger, Engine Compartment, Under Chassis), by Material (Metallic & Non-Metallic), by Off Highway Vehicle (Loader & Excavator) and by Region - Global Trends & Forecasts to 2020”,classifies and defines the automotive heat shield market, in terms of value and volume. The report highlights potential growth opportunities in the coming years, and offers a review of the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other fundamental aspects of the automotive heat shield market.

It identifies the key market trends for new technologies and the adoption scenario of the same from 2015 to 2020. It also focuses on major market players and their strategies, along with recent developments.

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Browse 120 market data tables and 60 figures spread through 169 pages and in-depth TOC on “Automotive Heat Shield Market by Vehicle Type, by Application (Exhaust System, Under Bonnet, Turbocharger, Engine Compartment, Under Chassis), by Material (Metallic & Non-Metallic), by Off Highway Vehicle (Loader & Excavator) and by Region - Global Trends & Forecasts to 2020” 

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The global automotive heat shield market, by value, is projected to grow at a CAGR of 7.8 % from 2015 to 2020 to reach USD 15.1 Billion by 2020.

Asia-Pacific: High-volume market

The Asia-Pacific region comprises countries such as China, India, Japan, and South Korea. China is estimated to dominate the market, followed by Japan and India, in 2015.

The Chinese automotive heat shield market, in terms of volume, is projected to grow at the highest CAGR from 2015 to 2020, followed by India and Japan. The growing production volume of passenger cars and the increasing demand for luxury vehicles drive the demand for automotive heat shields in the Asia-Pacific region.

The Asia-Pacific automotive heat shield market, by value, is projected to grow at a CAGR of 8.4% during the forecast period.

Turbocharger Heat Shield: High growth potential

The turbocharger heat shield market, by value, is expected to grow at the highest CAGR of 10.1% from 2015 to 2020. This is attributed to the increasing demand for fuel-efficient vehicles and the growing trend of engine downsizing, which are expected to propel the demand for turbocharger heat shields in coming years.

Europe accounted for the largest market share, by value, in 2014, and is projected to lead the market till 2020. This is credited to the high installation rate of turbochargers in passenger cars, precipitated by the growing trend of engine downsizing, in the European region.

Alternatively, the North American turbocharger heat shield market is projected to grow at the highest rate from 2015 to 2020, owing to the engine downsizing trend and the increasing demand for fuel-efficient vehicles in the region.

This report covers the technical aspects of heat shields and their adoption by different OEMs across the globe. It includes a PEST analysis, value chain analysis, Porter’s Five Forces analysis, competitive landscape, product life cycle, pricing trends of automotive heat shields, and company profiles of 10 key players in the automotive heat shield market.

Key players operating in the automotive heat shield market include Morgan Advanced Materials (U.K.), Autoneum Holding AG (Switzerland), ElringKlinger AG (Germany), Lydall Inc. (U.S.), and Federal-Mogul Corporation (U.S.).

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