Published on : May 16, 2018
Albany, New York, May 16, 2018: An in-depth study, titled “Automotive Heat Shield Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024” is the latest addition to the massive collection of Market Research Hub’s research studies. The study offers crucial information pertaining to the impact of recent market trends and developments on the overall growth of the global market. As per the recent portrait of the market, the analyst found that automotive heat shield market is flourishing, powered by growing technological advancements. Automotive heat shields play a crucial role in preventing heat generation within the interior of the vehicle, thereby ensuring driver safety and enhancing vehicle performance.
Key Insights from the Report
With an extensive forecast period of 2017-2024, this market research study analyzes the global automotive heat shield market and provides estimates in terms of revenue (USD Million) and CAGR. According to the study key outcomes, the demand in the global automotive heat shield market will propagate at a notable CAGR of 9.7% during the forecast period of 2017 to 2023. In terms of revenue, the opportunities in the worldwide market are estimated to translate into US$25,376.4 million by the end of 2024, growing up from the market’s evaluated worth of US$13,323.9 million as of 2017.
In order to provide a comprehensive view of the market, this precise research report commences with a market definition and executive summary. It includes basic details about the market and builds a strong understanding of the reader. In addition, knowledge about market drivers, opportunities and restraints are part of this section which underlines the necessary influential factors.
Owing to the increasing number of automotive sales across the globe, there are immense scope and opportunities for the automotive heat shield market. Looking to the market overview, the study observes that the complexity of heat management in modern vehicles is increasing due to the use of sophisticated and temperature sensitive components in vehicles, which require intense heat shielding. Therefore, heat shield technology is finding greater importance in the automotive industry.
The study offers a focal view of the global automotive heat shield market by bifurcating it on the basis of product, type, and region. Each of these segments is analyzed on the basis of present & future trends. In terms of geography, regions highlighted in the study include North America, Europe, Latin America, Middle East & Africa and the Asia Pacific. Of these, Asia Pacific has been recognized as the most lucrative region.
Product-wise, the market for automotive heat shield has been segmented into exhaust and header wrap, thermal and heat shield sleeving, spark plug boot heat shields, heat shield and thermal barriers, exhaust heat shield insulation, turbo heat shields, and others. Major types of the automotive heat shield include rigid, flexible, and textile.
The final section of the report talks about the chief players functioning in the global market for automotive heat shield. In this market, Autoneum Holding AG, Dana Holding Corp., Federal Mogul Corp., and Lydall Inc. have been identified as companies currently holding prominent positions worldwide.
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