Global Automotive Heat Shield Market - Key Insights and Analysis by Technavio
22 Februar 2018 - 09:23PM
Business Wire
Technavio’s latest market research report on the global
automotive heat shield market provides an analysis of the most
important trends expected to impact the market outlook from
2018-2022. Technavio defines an emerging trend as a factor
that has the potential to significantly impact the market and
contribute to its growth or decline.
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Technavio has published a new market
research report on the global automotive heat shield market from
2018-2022. (Graphic: Business Wire)
According to Technavio analysts, the global automotive heat
shield market will grow at a CAGR of over 3% during the
forecast period. The growing penetration of energy-efficient
technologies in automobiles is a major factor driving the market’s
growth.
The growing competition among automakers has led to the
increased adoption of energy-efficient technologies in automobiles.
This increases the rate of adoption of heat shields in automobiles,
which, in turn, positively impacts the growth of the global
automotive heat shield market.
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In this report, Technavio highlights the integration of heat
shields with other vehicle components to form multifunctional
components as one of the key emerging trends driving the global
automotive heat shield market:
Integration of heat shields with other
vehicle components to form multifunctional
components
Advancements in the global automotive market have led to the
integration of heat shields with other vehicle components. This
ensures multifunctionality of automotive heat shields. Heat shields
act as sound management solutions, in addition to their thermal
management functions. Integration of heat shields contributes to
improved fuel efficiency and reduced hydrocarbon emissions through
engine encapsulation techniques.
According to a senior analyst at Technavio
for automotive components research, “Automakers are
investing in acoustic heat shield designs that facilitate thermal
protection with maximum noise reduction. Integration of heat
shields with under-the-body components facilitates the maintenance
of the aerodynamic coefficient of vehicles. Such advanced
integrated heat shield designs offer functional benefits, in
addition to offering cost savings and weight reductions, which
augurs well for the growth of the market.”
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Global automotive heat shield market
segmentation
This market research report segments the global automotive
heat shield market by end-user (passenger vehicle and
commercial vehicle), and key regions (the Americas, APAC, and
EMEA).
The global automotive market is witnessing an increase in demand
for automobiles, especially passenger cars. There exists high
penetration of luxury vehicles in North America and European
economies. The increased volume sales of automobiles in the global
market will positively influence the demand for heat shields during
the forecast period.
In 2017, APAC dominated the global automotive heat shield market
with a market share of more than 35%. The APAC market was followed
by EMEA and the Americas. The developed and emerging economies in
APAC (such as Japan, South Korea, Australia, and China) are the key
contributors to the automotive heat shield market in the
region.
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version on businesswire.com: http://www.businesswire.com/news/home/20180222006330/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com