The global Heat shields market is expected to grow at a CAGR of about 5% during the forecast period, 2017 to 2022.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: Rapid growth in automotive industry with the growing number of temperature sensitive components in the modern vehicle, which ultimately increases the demand of heat shield market. Heat shields are commonly used to protect parts of a device from heat generated by its energy source. It may attach at top of the vehicle or in the car.
Major Key Players
- Morgan Advanced Materials (U.K.),
- Dana Holding Corporation (U.S.),
- Federal Mogul Holding Corporation (U.S.),
- Lydall Inc. (U.S.),
- UGN Inc. (U.S.),
- ThermoTec Automotive (U.S.),
- Zircotec (U.K.)
- Autoneum Holdings AG (Switzerland),
- Elringklinger AG (Germany),
- Progress-Werk Oberkirch AG (Germany),
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- Heat Shield manufacturers
- Distributer & Supplier companies
- End Users
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
Due to raising the customer focus on safety & luxury vehicles as well as rapid growth in automotive sector and growing the adoption of temperature sensitive components driving the Heat shields market. Increasing rate of industrialization & urbanization in countries like China, Japan and India, increases the demand of commercial as well as passenger vehicles, that ultimately driving the growth of heat shield market. On the basis of product, exhaust heat shield insulation is dominants the product segment because exhaust heat shields can stop upto 60% of radiant heat from the exhaust system.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Heat Shield Market Research Report – Global Forecast to 2022”.
Factors such as minimal cooling air flow, tightly packed components and others resulted in high temperature in the engine compartment and across the exhaust system. Lot of countries increasing their spending on defense sector which increase the consumption of firearms also fueling the growth of this market. Raising the safety concern among the consumers also fueling the growth of heat shield market. However, fluctuating cost of raw materials may hamper the growth of heat shield market.
On the Basis of material, the market can be segmented into metallic, and non-metallic. Non-metallic heat shield dominates the material segment of heat shield market. These heat shields are made up of carbon-fiber reinforced plastics, ceramics, silica fibers, silicon carbide and others. It is expected to show significant growth during the forecast because of its good thermal capabilities.
On the basis of product, heat shield market is segmented as Exhaust Heat Shield Insulation, Turbo heat shield, Spark plug boot heat shield, Thermal & Heat shield sleeving, Fire arm heat shield and others. Exhaust heat shield insulation is dominants the product segment because exhaust heat shields can stop upto 60% of radiant heat from the exhaust system. Exhaust heat shield insulation accounts over 18% share of total revenue generated in 2016.
On basis of region, heat shield market is segmented as North America, Europe, Asia-Pacific, South America and Middle East & Africa. Asia-Pacific region is a major shareholder of the Heat shields market followed by North America. Increasing rate of industrialization & urbanization with increasing demand of commercial and passenger vehicles as well as increasing the disposable income among the individuals ultimately increases the demand of luxury vehicles.
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Scope of the report
This study provides an overview of the Heat shields industry, tracking market segments across the categorized five geographic regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The scope of the study segments the Heat shields market based on Material, Product, & End User.
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