Global Automotive Heat Shield Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
2 Aug, 2021
The automotive heat shield market consists of sales of automotive heat shields by entities (organizations, sole traders, and partnerships) that manufacture automotive heat shields that are designed to absorb excessive heat by absorbing, reflecting, or dissipating the heat. A heat shield is expected to have high thermal resistance and high thermal emittance. The heat shield helps in protecting the parts from the heat and also deflecting them away or by absorbing them.
Global Automotive Heat Shield Market Size And Drivers:
The global automotive heat shield market is expected to grow from $9.89 billion in 2020 to $11.82 billion in 2021 at a compound annual growth rate (CAGR) of 19.5%. The growth in the automotive heat shield market is mainly due to growing demand for automotive equipment. The market is expected to reach $15.49 billion in 2025 at a CAGR of 7%. The growing focus on heat shields made of lightweight material is contributing to the growth of the automotive heat shield market.
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Trends In The Global Automotive Heat Shield Market
The companies in the market are increasingly investing in soundproof heat shields. Soundproof heat shields are increasingly being used to meet some of the government rules for noise reduction.
Global Automotive Heat Shield Market Segments:
The global automotive heat shield market is further segmented based on material type, vehicle type, product type, application, sales channel and geography.
By Material Type: Metallic, Non-Metallic
By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
By Product Type: Single Shell, Double Shell, Sandwich
By Application: Exhaust System Heat Shield, Turbocharger Heat Shield, Under Bonnet Heat Shield, Engine Compartment Heat Shield, Under Chassis
By Sales Channel: OEM, Aftermarket
By Geography: The global automotive heat shield market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the automotive heat shield market in 2020.
Read More On The Report For The Global Automotive Heat Shield Market At:https://www.thebusinessresearchcompany.com/report/automotive-heat-shield-global-market-report
Automotive Heat Shield Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides automotive heat shield market overviews, analyzes and forecasts market size and growth for the global automotive heat shield market, automotive heat shield market share, automotive heat shield market players, automotive heat shield market segments and geographies, automotive heat shield market’s leading competitors’ revenues, profiles and market shares. The automotive heat shield market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.