Monday, 16 May 2016

Automotive Heat Shield Market : Global Industry Analysis, Growth, Trends Forecast Up to 2023

Transparency Market Research Added A New Report "Automotive Heat Shield Market". Heat shields are one of the major automotive components used in automobiles. During internal combustion of engine in automobiles, huge amount of heat is generated and heat shields are used in engines to protect the bodywork and other components from high temperature. In addition, heat shields provide performance benefit by reducing the under bonnet intake temperature. The price of heat shields vary by type and size and can be easily fitted by high temperature tapes or stainless steel clamps. There are two major types of heat shields – rigid heat shield and flexible heat shield. Rigid heat shields are generally made from solid steel and aluminum. High-end rigid shields are made from aluminum sheets and other materials that usually come with a ceramic thermal barrier coating in order to improve the heat absorbing capacity. Flexible heat shield is made from thin aluminum sheets, which are either sold in a roll or flat. As the name suggests, flexible heat shields are malleable, which can be bent easily by hand to fit into suitable parts of an automobile. High-end flexible heat shields include ceramic insulation which is applied by plasma spraying. Such high performance flexible heat shields are used in Formula 1 motorsport. The other type of heat shield known as textile heat shield is used in other automotive components such as exhaust system, DPF and turbo.

The global automotive heat shield market can be classified by type of vehicle; namely, passenger car, light commercial vehicle and heavy commercial vehicle. The applications can be sub-divided into under chassis heat shield, under bonnet heat shield, engine compartment heat shield, turbocharger heat shield and exhaust system heat shield. Moreover, the global automotive heat shield market has been segregated by geography under the regions, North America, Europe, Middle East and Africa (MEA) and Latin America.

Some of the major factors driving the growth of the automotive heat shield market are the increasing production and usage of vehicles across the globe, and technological advancements leading to numerous application of heat shield in various automotive components. The factors inhibiting the growth of the market are the rise in the prices of vehicles and emerging trend of battery driven vehicles. In addition, the opportunities for the automotive heat shield market are the increasing stringent government regulations for reducing the Nvh level in automobiles and downsizing trend of engines in vehicles.

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Europe is expected to hold the largest market share in the global automotive heat shield market followed by North America, Asia Pacific, (MEA), and Latin America. Advanced automotive heat shields are largely in demand in North America and Europe. Although countries such as India, China, Japan, UAE, Russia and Brazil are the major automotive heat shield market in the Asia Pacific, MEA and Latin America region, yet the three regions are considered as emerging markets for automotive heat shield.

Some of the Key Players in the global automotive diagnostics scan tools market include: Dana Holding Corporation, Covpress Ltd., UGN Inc., Happich GmbH, Progress-Werk Oberkirch AG, Federal-Mogul Corporation, Morgan Advanced Materials, Autoneum Holding AG, Elringklinger AG and Lydall Inc.

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

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