The European 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 a range of automotive manufacturers, such as Audi, BMW, Ford Chevrolet, Porsche, and Volkswagen. Moreover, the continuous announcement of several governments in the European region regarding initiatives for the roll-out of electric vehicles is expected to further propel the adoption rate of automotive heat shield in electric vehicle segment during the forecast period. However, the outbreak of COVID-19 pandemic will certainly hamper the European sales of automotive heat shield 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 European during the forecast period. Geographically, the European automotive heat shield market is segmented into UK, Germany, France, Italy, Spain, and Rest of Europe. Germany contributes a significant share in the European automotive heat shield market. The presence of some of the luxurious passenger vehicle manufacturers in Germany, such as Audi and BMW are driving the growth of the market in the country.
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Europe 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
- UK
- Germany
- Italy
- Spain
- France
Rest of Europe
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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