Germany 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 presence of the leading automotive manufacturers, such as Audi, BMW, in the country. Moreover, the initiatives for the roll-out of electric vehicles in Germany is further expected to propel the market growth in Germany during the forecast period. For instance, in October 2017, Germany’s Bundesrat passed a resolution to ban IC engine-based vehicles by 2030. 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 Germany during the forecast period.
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Germany Automotive Heat Shield Market Segmentation
By Product Type
- Single Shell
- Double Shell
- Sandwich
By Application
- Engine Compartment
- Exhaust Compartment
- Turbocharger
- Others (Under Chassis)
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
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Company Profiles
- Autoneum Holding Ltd.
- Borgers SE & Co. KGaA
- Carcoustics International GmbH
- Dana Inc.
- ElringKlinger AG
- HAPPICH GmbH
- HKO Group
- Lydall, Inc.
- Morgan Advanced Materials
- Sumitomo Riko Co. Ltd.
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