World Automotive Heat Shield Market Analysed & Forecast by M&M in Its Report Available at MarketPublishers.com05 Oct 2015 • by Natalie Aster
LONDON – The worldwide automotive heat shield market, in terms of value, is expected to reach USD 15.1 billion by 2020, posting 7.8% CAGR over the forecast period.
The market is seeing enormous growth especially across the APAC and North American regions on the back of the surging production volume of passenger cars, increasing demand for luxury cars, accelerated adoption of electronics in motor vehicles, as well as technological advances in automotive heat shields. The APAC automotive heat shield market value is poised to record 8.4% CAGR in the upcoming years. China is set to dominate the regional market in 2015, followed by Japan and India. The country’s automotive heat shield market volume is poised to record the highest CAGR through 2020.
The turbocharger heat shield market, in terms of value, will likely grow at 10.1% CAGR through to 2020, due to the increasing demand for fuel-efficient cars and the surging trend of engine downsizing. Europe captured the lion’s market share as of 2014, and it is expected to dominate the market up to 2020, which is attributed to the increased installation rate of turbochargers in passenger cars.
Morgan Advanced Materials, Autoneum Holding AG, ElringKlinger AG, Lydall Inc., and Federal-Mogul Corporation are amid the market majors.
Topical market research report “Automotive Heat Shield Market by Vehicle Type, Application (Exhaust System, Under Bonnet, Turbocharger, Engine Compartment, Under Chassis), Material (Metallic & Non-Metallic), Off Highway Vehicle (Loader & Excavator), and by Region - Global Trends & Forecasts to 2020” created by MarketsandMarkets examines the automotive heat shield market, classifying and defining it in terms of volume and value. It provides granular market segmentation based on application type, vehicle type, material type, off-highway vehicle type, and by region. The study casts light on potential growth opportunities in the offing, and gives a shrewd review of the key market restraints, drivers, challenges, growth indicators, the competitive scene, and other fundamental aspects of the market. The report describes the key market trends for novel technologies and discusses the adoption scenario of the same in the forthcoming years. It also focuses on top market players and their strategies (new product launches, M&As, JVs, etc.), alongside latest developments.
Automotive Heat Shield Market by Vehicle Type, Application (Exhaust System, Under Bonnet, Turbocharger, Engine Compartment, Under Chassis), Material (Metallic & Non-Metallic), Off Highway Vehicle (Loader & Excavator), and by Region - Global Trends & Forecasts to 2020
Published: September, 2015
Price: US$ 4,650.00
More studies by the publisher can be found at MarketsandMarkets page.