Global automotive shielding market is expected to witness significant growth during the forecast period
Market Research Future published a Half Cooked Research Report Global Automotive Shielding market that contains the information from 2017 to 2023. The global Automotive Shielding market is expected to progress with CAGR of ~6% from 2017 to 2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Automotive Shielding market Information from 2017 to 2023”
An automotive shielding is used in vehicles as a heat management system, which protects the body parts of vehicle due to enormous heat generated from the engine and exhaust system. Heat shields reduces the under bonnet temperatures which reduces the intake temperature and protects the engine parts such as turbocharger, exhaust manifolds from overheating.
Key Players:
The prominent players in the automotive shielding market include Laird PLC (UK), ElringKlinger AG (Germany), Federal-Mogul Corporation (US), Morgan Advanced Materials (UK), Dana Limited (US), Henkel AG & Company, KGaA (Germany), Kitagawa Europe (Japan), and Schaffner Holding (Switzerland), Autoneum (Switzerland), Progress-WerkOberkirch AG (Germany) are among others.
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Growing awareness with concern about safety and increase in demand for fuel efficient vehicles will drive the growth of the market. Increasing GDP in the developing countries and increase in sales of luxury vehicles in the global market will boost the growth of the automotive shielding market. Increasing automobile industry and increasing electromechanical components in vehicles will increase the growth of the market. Insulation material such as aluminum will play a significant role in increase the global revenue of the market. Increasing industrialization, increasing disposable income in the developing countries such as china and India increases the demand for vehicles in the region which further increases the demand for automotive shielding market. Increasing usage of electromagnetic interface (EMI) shielding due to its applications in vehicles such as intelligent park assist, automatic sliding doors increases the demand for automotive shielding market. The manufacturers are also investing heavily in new technologies with the objective to meet the demand of integration of automotive heat shields with other components.
Automotive shielding market is expected to witness ~6% CAGR during the period 2017 to 2023.
The global automotive shielding market has been segmented into shielding type, heat application, EMI application, material type, vehicle type and region. On the basis of shielding type, the market is segmented into heat shielding, EMI shielding. EMI shielding is expected to dominate the global market throughout the forecast period in terms of market revenue due to use in various applications such as sliding doors, keyless ignitions, remote starters. On the basis of heat application, the market is segmented as engine compartment, exhaust system, turbocharger. Engine compartment type heat shield will dominant the market throughout the forecast period due to increased heat in the engine compartment. On the basis of EMI application, the market has been segmented as adaptive cruise control, intelligent park assist, engine control module, forward collision warning, electric motor, lane departure warning. Intelligent park assist is expected to grow at a higher CAGR over the forecast period owing to its advantages such as collision-free parking. On the basis of material type, the market is segmented into metallic shield, Non-metallic shield. Metallic shield has accounted for the major market share in terms of market share. Metallic shield is expected to dominate the market due to metal properties such as high thermal conductivity and high tensile strength. On the basis of vehicle type the market is segmented into passenger car, light commercial vehicle and heavy commercial vehicle. Passenger car segment is expected to dominate the market during the forecast period due to increased production of passenger cars and increased use of safety features in these cars. The increase in demand for fuel efficient passenger vehicle in major developing nations will enhance the growth of the global market. Automotive shielding manufacturers are majorly focusing on the development of low cost fabric which can be used for shielding in the automotive.
Report Overview:
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global Automotive Shielding market, including high-growth regions and/or countries, and political and economic environments. The project report, further provides both – historical market values and pricing & cost analysis.
