Asia-Pacific Automotive Heat Shield Market is Estimated to Grow at the Highest CAGR of 8.4%

Date: 2015-09-29

“The automotive heat shield market is witnessing exponential growth in the Asia-Pacific and North American regions, owing to the growing adoption of electronics in automobiles, the increasing demand for luxury vehicles, and technological advancements in heat shields. However, the growing need for heat shields in various automotive applications has increased the overall vehicle price of the vehicle, which acts as a major restraint for this market. The exhaust system heat shield segment is estimated to dominate the automotive heat shield market, in terms of value, in 2015.

The market in the Asia-Pacific region is estimated to grow at the highest CAGR, by value, of 8.4% from 2015 to 2020. The rising demand for luxury vehicles, coupled with the increasing production volume of passenger cars, is supplementing the growth of the global automotive heat shield market.

This report segments the automotive heat shield market as follows: by application type (exhaust system heat shield, engine compartment heat shield, turbocharger heat shield, under bonnet heat shield, under chassis heat shield), by vehicle type (PC, LCV, HCV), by material type (metallic, non-metallic), by off-highway vehicle type (loader, excavator), and by region (Europe, North America, Asia-Pacific, and RoW). The key players in the automotive heat shield market have also been identified and profiled.

The automotive heat shield market is dominated by a few major players, such as Autoneum Holding AG (Switzerland), ElringKlinger AG (Germany), and Federal-Mogul Corporation (U.S.). 

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