The North America 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 continuous rise in disposable income, leading to the rise in sales statistics of passenger vehicles in North America, primarily in the US. However, the outbreak of COVID-19 pandemic will certainly hamper the North America sales of automotive heat shield in 2020. 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 North America during the forecast period.

Geographically, the North America automotive heat shield market is segmented into the US and Canada. The US contributes over 85.0% in the North America automotive heat shield market and is expected to retain at its position during the forecast period. The presence of some of the evolving automotive manufacturers, such as Tesla Inc. in the commercial vehicle segment, is expected to propel the market growth during the forecast period. Moreover, the adoption of plug-in electric vehicles supported by the American federal government is expected to augment the sales of automotive heat shield in the electric vehicles segment in North America during the forecast period.

The North America 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 North America 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. North America Automotive Heat Shield Market Research and Analysis by Type
2. North America Automotive Heat Shield Market Research and Analysis by Application
3. North America Automotive Heat Shield Market Research and Analysis by Vehicle Type

The Report covers:

• Comprehensive research methodology of the North America 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 North America automotive heat shield market.
• Insights about market determinants which are stimulating the North America market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.