The Asia-Pacific 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 largest producer of automotive ‘China’, and the continuously evolving economies, such as India and Indonesia, in terms of vehicle production. However, the outbreak of COVID-19 pandemic will certainly hamper the Asia-Pacific sales of automotive heat shield in Asia-Pacific 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 Asia-Pacific during the forecast period. Geographically, the Asia-Pacific automotive heat shield market is segmented into China, India, Japan, and Rest of Asia-Pacific. China contributes over 35.0% in the Asia-Pacific automotive heat shield market and is expected to retain at its position during the forecast period. China is the largest producer and consumer of automotive across the globe. As per OICA (International Organization of Motor Vehicle Manufacturers), in 2018, China produced over one-third of the automotive across the globe.
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Asia-Pacific 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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Regional Analysis
- China
- India
- Japan
Rest of Asia-Pacific
Company Profiles
- Autoneum Holding Ltd.
- Dana Inc.
- Datsons Engineering Works Pvt. Ltd.
- ElringKlinger AG
- Kokusan Parts Industry Co., Ltd.
- Lydall, Inc.
- NICHIAS Corp.
- Sumitomo Riko Co. Ltd.
- Sanwa Packing Industry Co., Ltd.
- Talbros Automotive Components Ltd.
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