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.
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US 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
- Dana Inc.
- ElringKlinger AG
- Lydall, Inc.
- NICHIAS Corp.
- Shiloh Industries, Inc.
- Sumitomo Riko Co. Ltd.
- Tenneco Inc.
- The Narmco Group
- TGK Automotive
- UGN, Inc.
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