The North America 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 continuous rise in disposable income, leading to the rise in sales statistics of passenger vehicles in North America, primarily in the US. However, the outbreak of COVID-19 pandemic will certainly hamper the North America 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 North America during the forecast period.
Geographically, the North America automotive heat shield market is segmented into the US and Canada. The US contributes over 85.0% in the North America automotive heat shield market and is expected to retain at its position during the forecast period. The presence of some of the evolving automotive manufacturers, such as Tesla Inc. in the commercial vehicle segment, is expected to propel the market growth during the forecast period. Moreover, the adoption of plug-in electric vehicles supported by the American federal government is expected to augment the sales of automotive heat shield in the electric vehicles segment in North America during the forecast period.
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North America 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
- US
- Canada
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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