Market Research Future takes into account the impact of the novel COVID-19 pandemic on the automotive shielding market 2020. As per MRFR data the global automotive shielding market is expected to exhibit a solid 6% CAGR over the forecast period from 2017 to 2023.
An engine compartment, turbocharger and exhaust system is
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. The massive growing sales of premium vehicles will
boost the demand for heat shielding system with increased number of application
such as adaptive cruise control, forward collision warning in running the
vehicle. Increase in GDP and growing purchasing power of the customers will
enhance the growth of the market. Increasing use of customized heat shield
products depending upon the size and shape of the parts increases the demand
for the market. Moreover, the growth of the market is challenged by the high
price of the raw materials. The increase trend for customized heat shields with
other components increases the growth of the market.
Market
Segmentation:
The global automotive shielding market is segmented based on
shielding type, heat application, EMI application, material type and vehicle
type.
·
On the
basis of shielding type the market has been segmented by heat shielding, EMI
shielding.
·
On the
basis of heat application the market has been segmented by engine compartment,
exhaust system, turbocharger.
·
On the
basis of EMI application the market has been segmented by adaptive cruise
control, intelligent park assist, engine control module, forward collision
warning, electric motor, lane departure warning.
·
On the
basis of material type the market has been segmented by metallic shield and
Non-metallic shield.
·
On the
basis of vehicle type the market has been segmented by passenger car, light
commercial vehicle and heavy commercial vehicle and by Region.
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Top Key Players:
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.
Regional 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.
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Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Automotive shielding Market Segmentation
Continued...…
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