Automotive Shielding: An Emerging Market with Attractive Growth Opportunities
Automotive shielding market is expected to witness 6% CAGR during the period, 2019 to 2023.
(IINews) - The report on the global Automotive Shielding market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis. Automotive shielding market is expected to witness 6% CAGR during the period, 2019 to 2023.
An engine compartment, turbocharger and exhaust system are attached closely which generates excessive heat. Thus automotive shielding is used to lower the temperature of underbody engine and reduces the heat in engine compartment. The importance of heat management system in automobiles is increasing due to use of temperature sensing components in automobiles which requires heat shielding.
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Market Overview:
Shields are used in automobiles to protect the interior as well as exterior components such engine compartment, exhaust system and turbocharger due to excessive heat generation from these components. An automotive Shielding is also termed as exhaust heat management system. The main function of automotive heat shield is to absorb excessive heat from an external source by depleting, reflecting the heat. It is mainly used in engine compartment due excessive heat generated in under bonnet thus protecting the vehicle components and body work.
Automotive shielding market has seen a remarkable growth in the global market, and it has been observed that it is expected to expand with the CAGR of 6%.
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.
Market Research Analysis
In terms of region, the global market for automotive shielding are divided into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to hold the major market revenue share over the forecast period. Increase in the sales of vehicles in the Asia-Pacific and more awareness towards the safety will drive them to hold the highest market share throughout the forecast period. Asia Pacific will hold the highest CAGR during the forecast period due to owing increase in the sales of premium vehicles, increasing disposable income and increased purchasing power of users. Increasing manufacturing units of electromagnetic interface (EMI) shielding and partnership with local player’s increases growth of the Asia-Pacific region. Furthermore, increased sales of vehicles in China, Japan and India will enhance the overall revenue of the market.
Automotive Shielding Market Segmentation:
By Shielding Type:
Heat Shielding
EMI Shielding
By Heat Application:
Engine Compartment
Exhaust System
Turbocharger
By EMI Application:
Adaptive Cruise Control
Intelligent Park Assist
Engine Control Module
Forward Collision Warning
Electric Motor
Lane Departure Warning
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Scope of the Report
This study provides an overview of the global automotive shielding market, tracking five market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive shielding market by shielding type, heat application, EMI application, material type, vehicle type and regions.
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Datum: 01.10.2019 - 12:55 Uhr
Sprache: Deutsch
News-ID 1758477
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Kategorie:
Automobilindustrie
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