The North American automotive heat shield market is projected to grow at a significant CAGR during the forecast period (2020-2026). There are several pivotal factors that are driving growth of the automotive heat shield market in the region includes the high disposable income in the region, especially in the US, augments the global sales of automotive in the country. Moreover, significant demand for luxurious passenger vehicles and increasing adoption rate of electric passenger vehicles and commercial vehicles are some other factors driving the growth of the automotive heat shield market in the region, especially in the US.
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Moreover, the strict regulations imposed by the US Environmental Protection Agency (US EPA) regarding the hot surface ignition in vehicles further contributes to the growth of the market in the region. Along with this, the governments regulations for the deployment of components to enhance safety features in vehicles are practiced in the region, owing to which, the deployment of heat shields in automotive have increased significantly in the region in the past few years. Moreover, with the introduction of unmanned vehicles by several companies, such as Tesla Inc., will contribute in the increase in the demand for automotive heat shield in the region.
Market Coverage
- The market number available for- 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- By Product Type, by Application, and by Vehicle Type
- Regions Covered- US and Canada
- Key Companies Profiled- Dana Inc., Lydall Inc., ElringKlinger AG, Autoneum Holding AG, and Talbros Automotive Components Ltd.
Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/country dominates the market in base year?
- Which segment/country will project fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and coming years?
- Recovery Timeline
- Deviation from pre-COVID-19 forecast
- Most affected country/segment
- Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
North American Automotive Heat Shield Market – Segmentation
By Product Type
- Single Shell
- Double Shell
- Sandwich
By Application
- Engine Compartment
- Exhaust Compartment
- Turbocharger
- Others (Under Chassis)
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
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