The India 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 production of passenger vehicles, electric vehicles, and on-road vehicle bases in the country. In 2018, the country projected a 8.0% increase in the production of automotive in India, as per OICA (International Organization of Motor Vehicle Manufacturers). 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 India during the forecast period.
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India 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
- Banco Products Ltd.
- Dana Inc.
- Engineering Works Pvt. Ltd.
- ElringKlinger AG
- iSoKlick
- Jayant Group
- Kokusan Parts Industry Co., Ltd.
- Lydall, Inc.
- Sumitomo Riko Co. Ltd.
- Talbros Automotive Components Ltd.
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