European automotive heat shield market is projected to grow at a significant CAGR during the forecast period (2020-2026). There are several pivotal factors that are driving growth of the automotive heat shield market in the region includes the rising disposable income in the region, augmenting the sales of automotive in the region. The European automotive market is also showing a lucrative growth rate in terms of sales. As per OICA, UK has shown a sales growth of 2% in 2016. Germany has shown a growth rate of 2.8% in 2017 with a total vehicle sale of around 3.8 million.
Browse the full report description of "European Automotive Heat Shield Market Size, Share & Trends Analysis Report by Type (Single Shell, Double Shell, and Sandwich), by Application (Engine Compartment, Exhaust Compartment, Turbocharger, and Others), by Vehicle Type (Passenger Vehicles and Commercial Vehicles) and Forecast 2020-2026" at https://www.omrglobal.com/industry-reports/europe-automotive-heat-shield-market
Driven by rising environmental concerns and increasing government support, electric mobility is expanding at a rapid pace across the globe. Governments are putting a ban on the internal combustion engine vehicles following the increasing environmental issues. For instance, Norway is planning to phase out conventional cars by 2025, followed by France and UK in 2040 and 2050 respectively. Moreover, in October 2017, Germany’s Bundesrat passed a resolution to ban IC engine-based vehicles by 2030. The rising demand for electric cars, in turn, is offering an opportunity for the automotive heat shield market. Analyzing the rising trend for electric vehicles, the market players are grabbing a huge growth opportunity from the EVs market.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Product Type, by Application, and by
Vehicle Type |
|
Regions Covered |
UK, Germany, France, Italy, Spain, and Rest
of Europe |
|
Key Companies Profiled |
Dana Inc., Lydall Inc., ElringKlinger AG, Autoneum Holding AG, and
Talbros Automotive Components Ltd. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19 forecast
o Most affected country/segment
o Recommendations
European Automotive Heat Shield Market – Segmentation
By Product Type
By Application
By Vehicle Type
European Automotive Heat Shield Market – Segmentation by Geography
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