The US 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 sales statistics of passenger vehicles in the US along with the continuous focus of the government on the roll-out of electric vehicles. For instance, Tesla Inc. is focused on the R&D of electric vehicles in the commercial vehicle segment. 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 in the US 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 the US during the forecast period.
The US 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 The US 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:
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:
The Report covers:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. US Automotive Heat Shield Market by Product Type
5.1.1. Single Shell
5.1.2. Double Shell
5.1.3. Sandwich
5.2. US Automotive Heat Shield Market by Application
5.2.1. Engine Compartment
5.2.2. Exhaust Compartment
5.2.3. Turbocharger
5.2.4. Others (Under Chassis)
5.3. US Automotive Heat Shield Market by Vehicle Type
5.3.1. Passenger Vehicles
5.3.2. Commercial Vehicles
6. Company Profiles
6.1. Dana Inc.
6.2. ElringKlinger AG
6.3. Lydall, Inc.
6.4. NICHIAS Corp.
6.5. Shiloh Industries, Inc.
6.6. Sumitomo Riko Co. Ltd.
6.7. Tenneco Inc.
6.8. The Narmco Group
6.9. TGK Automotive
6.10. UGN, Inc.
1. US AUTOMOTIVE HEAT SHIELD MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
2. US AUTOMOTIVE HEAT SHIELD MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
3. US AUTOMOTIVE HEAT SHIELD MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
1. US AUTOMOTIVE HEAT SHIELD MARKET SHARE BY PRODUCT TYPE, 2019 VS 2026 (%)
2. US AUTOMOTIVE HEAT SHIELD MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
3. US AUTOMOTIVE HEAT SHIELD MARKET SHARE BY VEHICLE TYPE, 2019 VS 2026 (%)
4. US AUTOMOTIVE HEAT SHIELD MARKET SIZE, 2019-2026 ($ MILLION)