The India automotive heat shield market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising production of passenger vehicles, electric vehicles, and on-road vehicle bases in the country. In 2018, the country projected a 8.0% increase in the production of automotive in India, as per OICA (International Organization of Motor Vehicle Manufacturers). However, there are certain factors that may impede the market growth during the forecast period, such as the overprice of replacement of heat shield in aftermarket and the outbreak of COVID-19 pandemic has decreased the purchasing of automotive in the country. 

The automotive heat shield market is classified on the basis of type, application, and vehicle type. Based on type, the market is classified into single shell, double shell, and sandwich. Based on application, the market is segmented into engine compartment, exhaust compartment, turbocharger, and others. Based on vehicle type, the market is bifurcated into passenger vehicles and commercial vehicles. Among these vehicle types, the passenger vehicles segment contributes the major share in the automotive heat shield and is estimated to project a considerable CAGR during the forecast period. The rise in disposable income and the increasing number of automotive contract manufacturing companies in the country is expected to continue driving the sales of automotive heat shield in India during the forecast period.

The India automotive heat shield market is influenced by product development and advancements conducted by the market players. The key players of the automotive heat shield market include Dana Inc., Lydall Inc., ElringKlinger AG, Autoneum Holding AG, and Talbros Automotive Components Ltd.  These players are playing a significant role in the growth of the automotive heat shield market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.

RESEARCH METHODOLOGY

The market study of the India automotive heat shield market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. India Automotive Heat Shield Market Research and Analysis by Type
2. India Automotive Heat Shield Market Research and Analysis by Application
3. India Automotive Heat Shield Market Research and Analysis by Vehicle Type

The Report covers:

• Comprehensive research methodology of the India automotive heat shield market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the India automotive heat shield market.
• Insights about market determinants which are stimulating the India market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.