Automotive Heat Shield Market

Automotive Heat Shield Market by Application (Engine, Exhaust, Under Bonnet, Under Chassis, Turbocharger), Product (Single Shell, Double Shell, Sandwich), Function (Acoustic, Non-Acoustic), Material, Vehicle Type, EV, and Region - Global Forecast to 2025

Report Code: AT 3749 Jul, 2020, by marketsandmarkets.com

[236 Pages Report] The automotive heat shield market is estimated to be worth USD 11.7 billion in 2020 and is projected to reach USD 13.9 billion by 2025, at a CAGR of 3.4% during the forecast period.

The demand for automotive heat shields is highly dependent on the design, weight, material, and structure of the components and component assemblies of a vehicle. Heat shields are manufactured with a specific shape and size and are suitable for specific components of a vehicle. Changes in the shape and size of a component may result in similar changes for heat shields. OEMs incorporate various modifications in vehicle structures when designing new components. This triggers the need for lightweight, advanced heat shields and other coolants.

The COVID-19 pandemic will have an adverse effect on the demand for heat shields in the automotive industry. Major OEMs have suspended vehicle production due to the increasing severity of the outbreak since March 2020. Vehicle sales plummeted rapidly due to nationwide lockdowns and restrictions. Major OEMs have also postponed the development of advanced automotive systems due to the pandemic. Although OEMs resumed vehicle production in countries such as China and Japan, the initial demand for new vehicles post lockdown is very low. This would hinder the revenue of heat shield manufacturers.

Automotive Heat Shield Market

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COVID-19 impact on automotive heat shield market:

The COVID-19 pandemic is expected to have a severe impact on the automotive heat shield market. Both the production and sales of new motor vehicles have come to a halt across the globe; the whole ecosystem has been disrupted. OEMs must wait until lockdowns are lifted to resume production. Post the pandemic, the demand for new vehicles will be significantly low. Hence, they would need to adjust the production volume. Component manufacturing is also suspended, and small Tier II and Tier III manufacturers could face liquidity issues. The auto industry is highly capital-intensive and relies on frequent financing to continue operations. Thus, the production suspension during the outbreak and lower demand post the pandemic will have an unprecedented impact on automotive heat shield manufacturers.

The automotive heat shield market is highly influenced by vehicle production and invest by major OEMs and Tier I automotive system providers. The unprecedented impact of COVID-19 and subsequent weaker demand for vehicles will be a major concern for automotive heat shield manufacturers. OEMs are expected to resume production with lower capacity utilization and will adjust the production according to demand. Lower vehicle production would lead to lesser demand for heat shields. Hence, the demand for automotive heat shield would be adversely impacted. In addition, major Tier I players have abandoned investment or reduced R&D resources in advanced automotive systems such as powertrain development, exhaust systems, turbochargers, and many others due to the financial damage caused by COVID-19. However, increasing stringency of fuel efficiency standards imposed by major countries to curb pollution would be major hope for automotive heat shield manufacturers. OEMs have to optimize engine efficiency by opting measures such as lightweight materials. Lightweight, yet high-temperature resistant heat shields, would be in demand during the forecast period.

Market Dynamics:

Driver: Growing focus on light-weighting and fuel efficiency standards

Increasing fuel economy standards in the EU, Japan, and China have led OEMs to focus on vehicle light-weighting and engine efficiency. In December 2018, the European Commission presented a bill to set fuel economy standards. It aimed to reduce average CO2 emission of passenger cars and vans by 15% by 2025 and 37.5% by 2030. For light commercial vehicles, the authority targeted to cut down emissions by 15% by 2025 and 31% by 2030. According to the US EPA, 12 out of 13 largest OEMs have improved real-world CO2 emissions and fuel economy between the model year 2012 and 2017 in the US market. Overall, the industry improved CO2 emissions by 21 g/mile and fuel economy by 1.3 mpg between the model years 2012 and 2017.

Lightweight heat shields would significantly reduce vehicle weight and increase fuel efficiency. As major OEMs are increasingly adopting light-weighting measures to comply with stringent fuel efficiency standards, heat shield manufacturers also focusing on developing lightweight and efficient heat shield solutions. For instance, Tenneco, a leading heat shield manufacturer, offers an ultra-lightweight corrugated aluminum heat shield. According to the company, it has up to 80% lower mass than aluminized steel heat shield while offering 15–30% thermal protection improvement over aluminized steel. It can be used in catalytic converter, exhaust manifold, and turbocharger to improve vehicle fuel efficiency. More such developments are evident among heat shield manufacturers as OEMs plan more fuel-efficient vehicles. Thus, growing focus on light-weighting and fuel efficiency standards would drive the demand for superior heat shields in upcoming vehicles.

Restraint: Restriction on ICE vehicles by major countries

24 major European countries levied car taxes based on fuel consumption or CO2 emissions in April 2020. Major automakers operating in Europe are gradually shifting toward fully electric vehicles or mild hybrid vehicles. OEMs are shifting focus and investing in electric propulsion rather than refining ICE vehicles to comply with the regulations. Though electric vehicles would bring revenue opportunities for heat shield manufacturers, requirement of thermal management in EVs is less than ICE vehicles. Existing heat shields designed for ICE will not be effective. Hence, heat shield manufacturers have to invest additional resources to design and develop heat shield solutions for EVs. Hence, government restrictions on ICE vehicles and promotion of alternate propulsion would reduce the requirement of heat shields during the forecast period.

Opportunity: Government standards pertaining to components and structures

The automotive industry has always been under the regulations of authorities to adhere to guidelines issued as per initiatives. OEMs are compelled to develop products compatible with the present regulatory environment. The regulations demand lesser carbon emissions from vehicles by reducing the engine size and number of cylinders. To maintain high power output of engines, turbochargers or super chargers are added. The turbochargers are provided with heat shields for effective operations. Rising penetration of turbochargers and compression engines is expected to increase the adoption of automotive heat shields, as turbochargers mandatorily need to be installed with heat shields.

Also, given the growing environmental concerns across all regions, governments of different countries are trying to implement stricter norms to reduce the noise, vibration, and harshness (NVH) levels of light and heavy vehicles. OEMs and Tier I companies are working on developing effective, sound-proof shields to be used under the hood of a vehicle. This, in turn, creates substantial opportunities for the manufactures of under hood heat shields.

Challenge: Increased vehicle weight

Automotive heat shield increases the overall weight of a vehicle. Both metallic and non-metallic material add to the overall weight of the vehicle. Ongoing research is expected to help develop lightweight shielding solutions soon. However, as of now, the additional weight is added to the vehicle as per the requirement from OEMs. The additional weight would, in turn, negatively affect the fuel efficiency of a vehicle. Thus, additional weight is one of the major challenges in the automotive heat shield market.

Automotive Heat Shield Market  by Region

The passenger car segment is expected to be the largest automotive heat shield market during the forecast period

Passenger cars constitute the largest segment of the automotive heat shield market. Increasing urbanization and evolving customer needs have influenced global passenger car sales in recent years. Passenger cars comprise sedans, hatchbacks, station wagons, SUVs, and MUVs. The rising demand for fuel-efficient vehicles, coupled with increasingly stringent emission norms, has been propelling the growth of the passenger car segment of the automotive heat shield market. Asia Pacific countries such as Japan and China are emerging as automotive hubs, thereby making the region the largest market in terms value for automotive heat shields in the passenger car segment.

The metallic segment is projected to be the largest automotive heat shield market during the forecast period

Automotive heat shields made of aluminum, stainless steel, and other alloys fall under the metallic heat shield segment. Metallic heat shields are categorized into turbocharger and exhaust system heat shields. The market for metallic heat shields is growing due to factors such as increasing worldwide vehicle production, their ability to withstand a wide range of temperatures in automotive engines and exhaust systems, and their strength. Also, the availability of metal shielding enclosures in a wide range of dimensions for various electronic systems, which are increasing at a rapid pace in automobiles, is another major factor for the rapid growth of this segment.

This growth of metallic heat shields in North America and Europe can be primarily attributed to the rising installation rate of turbochargers. Growing demand for high performance vehicles in these regions would boost the demand for metallic heat shields during the forecast period. Increasing focus on fuel-efficient compact engines in Asia Pacific would act as another growth driver for the metallic heat shield segment.

Automotive Heat Shield Market  by Region

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“The Asia Pacific automotive head shield market is projected to hold the largest share during the forecast period.”

The Asia Pacific region is estimated to be the largest automotive heat shield market in 2020. China, India, and Japan account for the largest shares of the automotive heat shield market in Asia Pacific. The growth of the market in Asia Pacific can be attributed to the high vehicle production and increased use of advanced electronics in Japan, South Korea, India, and China. The governments of these countries have recognized the growth potential of the automotive industry and have consequently taken different initiatives to encourage major OEMs to enter their domestic markets. This has led to an increase in vehicle production volumes over the years, which caters not only to domestic demand but also overseas demand.

Asia Pacific is the largest market for automotive heat shields. The Asia Pacific automotive heat shield market accounted for 51.0% of the global market, in 2020. The implementation of new technologies, establishment of additional manufacturing plants, and creation of value-added supply chains between manufacturers and material providers have created a platform for future growth in this region.

Major players like Dana and Lydall are investing and increasing their footprint in the Asia Pacific heat shield market. For instance, in 2018, Dana inaugurated a plant that would manufacture thermal management products for conventional and new-energy vehicles in Yancheng, China. The rising penetration of such companies in Asia Pacific will drive the overall market.

Key Market Players

Some of the leading manufacturers and suppliers of automotive heat shield market are Dana Incorporated (US), Morgan Advanced Materials (UK), Autoneum (Switzerland), ElringKlinger AG (Germany), Lydall Inc. (UK), Tenneco Inc. (US), Carcoustics (Germany), UGN Inc. (US), and others. These companies adopted inorganic and organic growth strategies such as new product developments, expansions, supply contracts, collaborations, partnerships, and mergers & acquisitions to gain traction in the automotive heat shield market.

Scope of the Report

Report Metric

Details

Market Size Available for Years

2017–2025

Base Year Considered

2019

Forecast Period

2020–2025

Forecast Units

Value (USD million)

Segments Covered

Application Type, Material Type, Vehicle Type, Function, Product Type, Electric Vehicle Type, and Region

Geographies Covered

Asia Pacific, Europe, North America, and RoW

Companies Covered

Dana Incorporated (US), Morgan Advanced Materials (UK), Autoneum (Switzerland), ElringKlinger AG (Germany), Lydall Inc. (UK), Tenneco Inc. (US), Carcoustics (Germany), and UGN Inc. (US)
Total 25 major players covered

This research report categorizes the automotive heat shield market on the basis of application type, material type, vehicle type, function, product type, electric vehicle type, and region.

Automotive heat shield market, By application type

  • Exhaust System Heat Shield
  • Turbocharger Heat Shield
  • Under Bonnet Heat Shield
  • Engine Compartment Heat Shield
  • Under Chassis Heat Shield

Automotive heat shield market, By material type

  • Metallic
  • Non-metallic

Automotive heat shield market, By function

  • Acoustic
  • Non-acoustic

Automotive heat shield market, By product type

  • Single Shell
  • Double Shell
  • Sandwich

Automotive heat shield market, By vehicle type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Automotive heat shield market, By electric vehicle type

  • BEV
  • HEV
  • PHEV
  • FCEV

Automotive heat shield market, By region

  • North America
  • Europe
  • Asia Pacific
  • RoW

Recent Developments

  • In January 2020, Dana Incorporated announced collaboration with Peterbilt Motor Company for electric truck powertrain development. Peterbilt would integrate Dana’s e-propulsion system into its Model 220EV battery electric vehicles. This would enhance Dana’s thermal management offerings for electric vehicles.
  • In January 2020, Dana Incorporated and Kenworth collaborated on electric powertrain development for medium duty Kenworth battery electric vehicles. Dana designed e-powertrain systems for Kenworth K270E battery electric vehicles. Dana also supplied an e-power system that consists of electrified auxiliary systems, an on-board charger, and two battery packs. It would strengthen Dana’s thermal management solutions for electric vehicles.
  • In July 2019, HAPPICH GmbH announced the acquisition of agricultural and construction machinery division of WAYAND AG. Through the acquisition, HAPPICH GmbH will offer further solutions for robust applications of plastic moldings and composite parts in the agricultural and construction machinery sector.
  • In October 2018, Tenneco Inc. successfully completed its acquisition of Federal-Mogul LLC, a leading global supplier to OEMs and the aftermarket. This transaction helped realize the ability to create two new product-focused companies with even stronger portfolios positioned to capture unique opportunities in the respective markets.
  • In September 2018, Autoneum opened two new production sites in China to manufacturer lightweight components for acoustic and thermal management. These new facilities are located at Pinghu (Zhejiang Province) and Shenyang Tiexi (Liaoning Province). Autoneum’s Pinghu facility would manufacture underbody systems made of Ultra-Silent for European, US-American, and Chinese customers.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 34)
    1.1 OBJECTIVES OF THE STUDY
    1.2 PRODUCT DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
                    TABLE 1 INCLUSIONS & EXCLUSIONS FOR AUTOMOTIVE HEAT SHIELD MARKET
    1.3 MARKET SCOPE
           FIGURE 1 MARKET SEGMENTATION: AUTOMOTIVE HEAT SHIELD MARKET
           1.3.1 YEARS CONSIDERED FOR STUDY
    1.4 LIMITATIONS
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES
           FIGURE 2 MNM DOWNGRADES ITS FORECAST OF AUTOMOTIVE HEAT SHIELD MARKET

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
           FIGURE 3 AUTOMOTIVE HEAT SHIELD MARKET: RESEARCH DESIGN
           FIGURE 4 RESEARCH DESIGN MODEL
    2.2 SECONDARY DATA
           2.2.1 KEY SECONDARY SOURCES FOR AUTOMOTIVE HEAT SHIELD MARKET
           2.2.2 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
           FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
           2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
           2.3.2 PRIMARY PARTICIPANTS
           2.3.3 KEY DATA FROM PRIMARY SOURCES
                    TABLE 2 PRIMARY DATA SOURCES
    2.4 MARKET SIZE ESTIMATION
           2.4.1 DATA TRIANGULATION APPROACH
           2.4.2 BOTTOM-UP APPROACH: AUTOMOTIVE HEAT SHIELD MARKET
           2.4.3 TOP-DOWN APPROACH: AUTOMOTIVE HEAT SHIELD MARKET
                    FIGURE 6 AUTOMOTIVE HEAT SHIELD MARKET: RESEARCH DESIGN & METHODOLOGY
                    FIGURE 7 AUTOMOTIVE HEAT SHIELD MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF LYDALL REVENUE ESTIMATION
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.6 ASSUMPTIONS
    2.7 RISK ASSESSMENT & RANGES
           TABLE 3 RISK ASSESSMENT & RANGES

3 EXECUTIVE SUMMARY (Page No. - 52)
    FIGURE 9 AUTOMOTIVE HEAT SHIELD: MARKET OUTLOOK
    FIGURE 10 AUTOMOTIVE HEAT SHIELD MARKET: MARKET DYNAMICS
    FIGURE 11 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION)
    3.1 PRE-COVID-19 AND POST-COVID-19 IMPACT ON AUTOMOTIVE HEAT SHIELD MARKET
           TABLE 4 AUTOMOTIVE HEAT SHIELD MARKET, PRE-COVID-19 AND POST-COVID-19 SCENARIO, 2017-2025, (USD BILLION)
    3.2 COVID-19 IMPACT ON THE AUTOMOTIVE HEAT SHIELD MARKET

4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 AUTOMOTIVE HEAT SHIELD MARKET TO GROW AT A SIGNIFICANT RATE DURING THE FORECAST PERIOD (2020–2025)
           FIGURE 12 INCREASING FOCUS ON LIGHT-WEIGHTING IS LIKELY TO BOOST MARKET GROWTH
    4.2 ASIA PACIFIC LEADS THE GLOBAL AUTOMOTIVE HEAT SHIELD MARKET IN 2020
           FIGURE 13 AUTOMOTIVE HEAT SHIELD MARKET SHARE, BY REGION, 2020
    4.3 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE AND MATERIAL TYPE
           FIGURE 14 PASSENGER CAR AND METALLIC HEAT SHIELD ESTIMATED TO DOMINATE MARKET IN 2020
    4.4 AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION
           FIGURE 15 TURBOCHARGER HEAT SHIELD IS EXPECTED TO HOLD THE LARGEST MARKET SHARE BY 2025 (USD MILLION)
    4.5 AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION
           FIGURE 16 ACOUSTIC HEAT SHIELD IS ESTIMATED TO HOLD THE LARGEST MARKET SHARE, 2020 VS. 2025 (USD MILLION)
    4.6 AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL TYPE
           FIGURE 17 METALLIC HEAT SHIELD IS EXPECTED TO DOMINATE THE MARKET, 2020 VS. 2025 (USD MILLION)
    4.7 AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT TYPE
           FIGURE 18 DOUBLE SHELL HEAT SHIELD IS ESTIMATED TO HOLD THE LARGEST MARKET SHARE BY 2025, 2020 VS. 2025 (USD MILLION)
    4.8 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE
           FIGURE 19 PASSENGER CAR IS EXPECTED TO DOMINATE THE MARKET, 2020 VS. 2025 (USD MILLION)
    4.9 AUTOMOTIVE HEAT SHIELD MARKET, BY ELECTRIC VEHICLE TYPE
           FIGURE 20 HEV IS EXPECTED TO DOMINATE THE MARKET, 2020 VS. 2025 (USD THOUSAND)

5 MARKET OVERVIEW (Page No. - 62)
    5.1 INTRODUCTION
    5.2 OPERATIONAL DATA
           TABLE 5 INTERNAL COMBUSTION ENGINE (ICE) VEHICLE PRODUCTION, 2017 -2019
    5.3 MARKET DYNAMICS
           FIGURE 21 AUTOMOTIVE HEAT SHIELD MARKET: MARKET DYNAMICS
           5.3.1 DRIVERS
                    5.3.1.1 Growing focus on light-weighting and fuel efficiency standards
                               TABLE 6 UNITED STATES: FUEL EFFICIENCY STANDARDS
                               TABLE 7 EUROPE: FUEL EFFICIENCY STANDARDS
                               TABLE 8 CHINA: FUEL EFFICIENCY STANDARDS
                    5.3.1.2 Rise in electrical and electronics components in vehicles
           5.3.2 RESTRAINTS
                    5.3.2.1 Restriction on ICE vehicles by major countries
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Government standards pertaining to components and structures
                    5.3.3.2 Growth in advanced technologies
                    5.3.3.3 Rising demand for electric vehicles
                               FIGURE 22 ELECTRIC VEHICLE ROADMAP: VOLKSWAGEN
                               TABLE 9 BATTERY ELECTRIC VEHICLE SALES, BY COUNTRY, 2018 & 2019 (UNITS)
                               FIGURE 23 ELECTRIC VEHICLE DELIVERY 2020: NIO
                               FIGURE 24 ELECTRIC VEHICLE DELIVERY 2019-2020: TESLA
           5.3.4 CHALLENGES
                    5.3.4.1 High vehicle cost
                    5.3.4.2 Increased vehicle weight
           5.3.5 IMPACT OF MARKET DYNAMICS
                    TABLE 10 AUTOMOTIVE HEAT SHIELD MARKET: IMPACT OF MARKET DYNAMICS
    5.4 PRICING ANALYSIS
           FIGURE 25 PRICING ANALYSIS: AUTOMOTIVE HEAT SHIELD MARKET
    5.5 USE CASES
           5.5.1 AUTONEUM: ULTRA-SILENT BATTERY UNDERCOVER
           5.5.2 MORGAN ADVANCED MATERIALS: EV THERMAL MANAGEMENT
                    5.5.2.1 Cell-cell protection
                    5.5.2.2 Module-module protection
                    5.5.2.3 Pack level protection
    5.6 REVENUE MISSED: OPPORTUNITIES FOR AUTOMOTIVE HEAT SHIELD MANUFACTURERS
    5.7 REVENUE SHIFT DRIVING MARKET GROWTH

6 INDUSTRY TRENDS (Page No. - 72)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
           FIGURE 26 VALUE CHAIN ANALYSIS: AUTOMOTIVE HEAT SHIELD MARKET
    6.3 PORTERS FIVE FORCES
           FIGURE 27 PORTER’S FIVE FORCES: AUTOMOTIVE HEAT SHIELD MARKET
    6.4 MACRO INDICATOR ANALYSIS
           6.4.1 GROWTH OF AUTOMOTIVE HEAT SHIELD MARKET
           6.4.2 GDP (USD BILLION)
           6.4.3 GNI PER CAPITA, ATLAS METHOD (USD)
           6.4.4 GDP PER CAPITA PPP (USD)
           6.4.5 MACRO INDICATORS INFLUENCING THE AUTOMOTIVE HEAT SHIELD MARKET, TOP 3 COUNTRIES
                    6.4.5.1 Germany
                    6.4.5.2 US
                    6.4.5.3 China

7 COVID–19 IMPACT (Page No. - 76)
    7.1 INTRODUCTION TO COVID-19
    7.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 28 COVID-19: THE GLOBAL PROPAGATION
           FIGURE 29 COVID-19 PROPAGATION: SELECT COUNTRIES
    7.3 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 30 REVISED GDP FORECASTS FOR SELECTED G20 COUNTRIES IN 2020
           7.3.1 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY
                    FIGURE 31 FACTORS IMPACTING THE GLOBAL ECONOMY
                    FIGURE 32 GLOBAL ECONOMY: RECOVERY SCENARIOS
    7.4 IMPACT ON GLOBAL AUTOMOTIVE INDUSTRY
           7.4.1 IMPACT ON GLOBAL AUTOMOTIVE HEAT SHIELD MARKET
    7.5 AUTOMOTIVE HEAT SHIELD MARKET, SCENARIOS (2020–2025)
           FIGURE 33 AUTOMOTIVE HEAT SHIELD MARKET– FUTURE TRENDS & SCENARIO, 2020–2025 (USD MILLION)
           7.5.1 MOST LIKELY SCENARIO
                    TABLE 11 AUTOMOTIVE HEAT SHIELD MARKET (MOST LIKELY), BY REGION, 2017–2025 (USD MILLION)
           7.5.2 OPTIMISTIC SCENARIO
                    TABLE 12 AUTOMOTIVE HEAT SHIELD MARKET (OPTIMISTIC), BY REGION, 2020–2025 (USD MILLION)
           7.5.3 PESSIMISTIC SCENARIO
                    TABLE 13 AUTOMOTIVE HEAT SHIELD MARKET (PESSIMISTIC), BY REGION, 2020–2025 (USD MILLION)

8 AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT TYPE (Page No. - 86)
    8.1 INTRODUCTION
    8.2 OPERATIONAL DATA
    8.3 RESEARCH METHODOLOGY
    8.4 ASSUMPTIONS
           TABLE 14 MAJOR ASSUMPTIONS: BY PRODUCT TYPE
           FIGURE 34 KEY PRIMARY INSIGHTS
           FIGURE 35 AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT TYPE, 2020 VS. 2025 (USD MILLION)
           TABLE 15 AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT TYPE, 2017–2019 (USD MILLION)
           TABLE 16 AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
    8.5 SINGLE SHELL
           8.5.1 HIGH REFLECTIVITY AND LIGHTWEIGHT PROPERTY OF SINGLE SHELL ALUMINIUM HEAT SHIELDS WILL DRIVE THE MARKET
                    TABLE 17 SINGLE SHELL: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 18 SINGLE SHELL: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.6 DOUBLE SHELL
           8.6.1 NEED FOR THERMAL COMFORT IN PASSENGER COMPARTMENTS AND ENGINE ENCAPSULATIONS WILL BOOST DEMAND
                    TABLE 19 DOUBLE SHELL: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 20 DOUBLE SHELL: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.7 SANDWICH
           8.7.1 SUPERIOR THERMAL AND ACOUSTICAL PERFORMANCE OF SANDWICH HEAT SHIELDS WILL BOOST DEMAND
                    TABLE 21 SANDWICH: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 22 SANDWICH: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.8 MARKET LEADERS
           TABLE 23 RECENT DEVELOPMENTS, BY PRODUCT TYPE

9 AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION (Page No. - 93)
    9.1 INTRODUCTION
    9.2 OPERATIONAL DATA
           TABLE 24 HEAT SHIELDS COMPONENTS
    9.3 RESEARCH METHODOLOGY
    9.4 ASSUMPTIONS
           TABLE 25 MAJOR ASSUMPTIONS: BY APPLICATION
           FIGURE 36 KEY PRIMARY INSIGHTS
           FIGURE 37 AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
           TABLE 26 AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
           TABLE 27 AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
    9.5 EXHAUST SYSTEM HEAT SHIELD
           9.5.1 FOCUS ON INCREASING FUEL EFFICIENCY WOULD IMPACT DEMAND
                    TABLE 28 EXHAUST SYSTEM HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 29 EXHAUST SYSTEM HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
                    9.5.1.1 Exhaust pipes
                    9.5.1.2 Exhaust manifold
                    9.5.1.3 Catalytic convertor
    9.6 TURBOCHARGER HEAT SHIELD
           9.6.1 GROWING TREND OF ENGINE DOWNSIZING IS EXPECTED TO FUEL THE MARKET
                    TABLE 30 TURBOCHARGER HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 31 TURBOCHARGER HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
                    9.6.1.1 Intake manifold
                    9.6.1.2 Air intake
    9.7 UNDER BONNET HEAT SHIELD
           9.7.1 GOVERNMENT REGULATIONS TO REDUCE NVH LEVELS WILL DRIVE DEMAND
                    TABLE 32 UNDER BONNET HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 33 UNDER BONNET HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
                    9.7.1.1 Electronic box/ECU
                    9.7.1.2 Battery
                    9.7.1.3 Firewall
    9.8 ENGINE COMPARTMENT HEAT SHIELD
           9.8.1 DEMAND FOR POWERFUL ENGINES WITH REDUCED NOISE WILL DRIVE THE MARKET
                    TABLE 34 ENGINE COMPARTMENT HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 35 ENGINE COMPARTMENT HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
    9.9 UNDER CHASSIS HEAT SHIELD
           9.9.1 RISING ENGINE ENCAPSULATIONS TO REDUCE FUEL CONSUMPTION WILL BOOST DEMAND
                    TABLE 36 UNDER CHASSIS HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 37 UNDER CHASSIS HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
                    9.9.1.1 Transmission lines/cables
                    9.9.1.2 Transmission tunnel
                    9.9.1.3 Gearbox
    9.10 MARKET LEADERS
           TABLE 38 RECENT DEVELOPMENTS, BY APPLICATION

10 AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION (Page No. - 104)
     10.1 INTRODUCTION
     10.2 OPERATIONAL DATA
             TABLE 39 MARKET LEADERS OF HEAT SHIELD FUNCTIONS
     10.3 RESEARCH METHODOLOGY
     10.4 ASSUMPTIONS
             TABLE 40 MAJOR ASSUMPTIONS: BY FUNCTION
             FIGURE 38 KEY PRIMARY INSIGHTS
             FIGURE 39 AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION, 2020 VS. 2025 (USD MILLION)
             TABLE 41 AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION, 2017–2019 (USD MILLION)
             TABLE 42 AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION, 2020–2025 (USD MILLION)
     10.5 ACOUSTIC
             10.5.1 NEED FOR THERMAL PROTECTION WITH REDUCTION IN EXTERNAL NOISE TO DRIVE DEMAND
                       TABLE 43 ACOUSTIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                       TABLE 44 ACOUSTIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
     10.6 NON-ACOUSTIC
             10.6.1 INCREASING DEMAND FOR FLEXIBLE AND RIGID TECHNOLOGIES WILL DRIVE THE MARKET
                       TABLE 45 NON-ACOUSTIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                       TABLE 46 NON-ACOUSTIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
     10.7 MARKET LEADERS
             TABLE 47 RECENT DEVELOPMENT, BY FUNCTION

11 AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL TYPE (Page No. - 111)
     11.1 INTRODUCTION
     11.2 OPERATIONAL DATA
             TABLE 48 COMPARISON OF AUTOMOTIVE LIGHTWEIGHT MATERIAL VS. CONVENTIONAL MATERIAL PRICING
     11.3 RESEARCH METHODOLOGY
     11.4 ASSUMPTIONS
             TABLE 49 MAJOR ASSUMPTIONS: BY MATERIAL TYPE
             FIGURE 40 KEY PRIMARY INSIGHTS
             FIGURE 41 AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL TYPE, 2020 VS. 2025 (USD MILLION)
             TABLE 50 AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL TYPE, 2017–2019 (USD MILLION)
             TABLE 51 AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL TYPE, 2020–2025 (USD MILLION)
     11.5 METALLIC
             11.5.1 INCREASING FLEXIBILITY OF METALLIC SHIELDS WOULD FUEL DEMAND
                       TABLE 52 METALLIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                       TABLE 53 METALLIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
     11.6 NON-METALLIC
             11.6.1 NEED FOR LIGHTWEIGHT HEAT SHIELDS TO INCREASE FUEL EFFICIENCY WILL DRIVE DEMAND
                       TABLE 54 NON-METALLIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                       TABLE 55 NON-METALLIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
     11.7 MARKET LEADERS
             TABLE 56 RECENT DEVELOPMENTS, BY MATERIAL TYPE

12 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE (Page No. - 118)
     12.1 INTRODUCTION
     12.2 OPERATIONAL DATA
             TABLE 57 GLOBAL VEHICLE PRODUCTION, 2017 – 2019 (UNITS)
     12.3 RESEARCH METHODOLOGY
     12.4 ASSUMPTIONS
             TABLE 58 MAJOR ASSUMPTIONS: BY VEHICLE TYPE
             FIGURE 42 KEY PRIMARY INSIGHTS
             FIGURE 43 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION)
             TABLE 59 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
             TABLE 60 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
     12.5 PASSENGER CAR
             12.5.1 RISING DEMAND IN EMERGING COUNTRIES WOULD TRIGGER MARKET GROWTH
                       TABLE 61 PASSENGER CAR: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                       TABLE 62 PASSENGER CAR: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
     12.6 LIGHT COMMERCIAL VEHICLE
             12.6.1 RISING DEMAND FOR LCVS IN DEVELOPED COUNTRIES WOULD DRIVE THE MARKET
                       TABLE 63 LIGHT COMMERCIAL VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                       TABLE 64 LIGHT COMMERCIAL VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
     12.7 HEAVY COMMERCIAL VEHICLE
             12.7.1 HIGH DEMAND FOR HCVS FOR HEAVY LOAD TRANSFERS WILL DRIVE THE MARKET
                       TABLE 65 HEAVY COMMERCIAL VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
                       TABLE 66 HEAVY COMMERCIAL VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
     12.8 MARKET LEADERS
             TABLE 67 RECENT DEVELOPMENT, BY VEHICLE TYPE

13 AUTOMOTIVE HEAT SHIELD MARKET, BY ELECTRIC VEHICLE TYPE (Page No. - 126)
     13.1 INTRODUCTION
     13.2 RESEARCH METHODOLOGY
     13.3 ASSUMPTIONS
             TABLE 68 MAJOR ASSUMPTIONS: BY ELECTRIC VEHICLE TYPE
             FIGURE 44 KEY PRIMARY INSIGHTS
             FIGURE 45 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD THOUSAND)
             TABLE 69 AUTOMOTIVE HEAT SHIELD MARKET, BY ELECTRIC VEHICLE TYPE, 2017–2019 (USD THOUSAND)
             TABLE 70 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD THOUSAND)
     13.4 BATTERY ELECTRIC VEHICLE (BEV)
             13.4.1 INCREASING INVESTMENTS IN CHARGING INFRASTRUCTURE WOULD TRIGGER GROWTH
                       TABLE 71 BATTERY ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2017–2019 (USD THOUSAND)
                       TABLE 72 BATTERY ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2020–2025 (USD THOUSAND)
     13.5 HYBRID ELECTRIC VEHICLE (HEV)
             13.5.1 ADOPTION OF SUPERIOR THERMAL MANAGEMENT SYSTEMS WOULD DRIVE THE MARKET
                       TABLE 73 HYBRID ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2017–2019 (USD THOUSAND)
                       TABLE 74 HYBRID ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2020–2025 (USD THOUSAND)
     13.6 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
             13.6.1 DEMAND FOR PROTECTION FROM COLD WEATHER CONDITIONS WILL DRIVE THE MARKET
                       TABLE 75 PLUG-IN HYBRID ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2017–2019 (USD THOUSAND)
                       TABLE 76 PLUG-IN HYBRID ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2020–2025 (USD THOUSAND)
     13.7 FUEL CELL ELECTRIC VEHICLE (FCEV)
             13.7.1 GOVERNMENT INITIATIVES WILL DRIVE DEMAND
                       TABLE 77 FUEL CELL ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2017–2019 (USD THOUSAND)
                       TABLE 78 FUEL CELL ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2020–2025 (USD THOUSAND)
     13.8 MARKET LEADERS
             TABLE 79 RECENT DEVELOPMENT, BY ELECTRIC VEHICLE TYPE

14 AUTOMOTIVE HEAT SHIELD MARKET, BY REGION (Page No. - 135)
     14.1 INTRODUCTION
             FIGURE 46 AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020 VS. 2025 (USD MILLION)
             TABLE 80 AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION)
             TABLE 81 AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION)
     14.2 ASIA PACIFIC
             FIGURE 47 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET SNAPSHOT
             TABLE 82 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY COUNTRY, 2017–2019 (USD MILLION)
             TABLE 83 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             TABLE 84 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
             TABLE 85 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
             TABLE 86 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
             TABLE 87 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             TABLE 88 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT, 2017–2019 (USD MILLION)
             TABLE 89 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT, 2020–2025 (USD MILLION)
             TABLE 90 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL, 2017–2019 (USD MILLION)
             TABLE 91 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL, 2020–2025 (USD MILLION)
             TABLE 92 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION, 2017–2019 (USD MILLION)
             TABLE 93 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION, 2020–2025 (USD MILLION)
             14.2.1 IMPACT OF COVID-19 ON AUTOMOTIVE HEAT SHIELD MARKET IN ASIA PACIFIC
             14.2.2 CHINA
                       14.2.2.1 Presence of heat shield manufacturers will drive the market
                       14.2.2.2 China vehicle production data
                                   TABLE 94 CHINA: VEHICLE PRODUCTION DATA (UNITS)
                       14.2.2.3 China: Decline in vehicle production due to COVID-19
                                   TABLE 95 CHINA: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                       14.2.2.4 China: Decline in vehicle sales due to COVID-19
                                   TABLE 96 CHINA: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                                   TABLE 97 CHINA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 98 CHINA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.2.3 INDIA
                       14.2.3.1 Growing demand for fuel-efficient vehicles will fuel the market
                       14.2.3.2 India vehicle production data
                                   TABLE 99 INDIA: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
                       14.2.3.3 India: Decline in vehicle production due to COVID-19
                                   TABLE 100 INDIA: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                       14.2.3.4 India: Decline in vehicle sales due to COVID-19
                                   TABLE 101 INDIA: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                                   TABLE 102 INDIA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 103 INDIA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.2.4 JAPAN
                       14.2.4.1 Use of advanced electronic components is expected to drive the market
                       14.2.4.2 Japan vehicle production data
                                   TABLE 104 JAPAN: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
                       14.2.4.3 Japan: Decline in vehicle production due to COVID-19
                                   TABLE 105 JAPAN: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                       14.2.4.4 Japan: Decline in vehicle sales due to COVID-19
                                   TABLE 106 JAPAN: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                                   TABLE 107 JAPAN: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 108 JAPAN: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.2.5 SOUTH KOREA
                       14.2.5.1 Government initiatives for increased safety to drive demand
                       14.2.5.2 South Korea vehicle production data
                                   TABLE 109 SOUTH KOREA: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
                                   TABLE 110 SOUTH KOREA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 111 SOUTH KOREA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.2.6 THAILAND
                       14.2.6.1 Favorable government tax policies to encourage foreign investments will drive the market
                       14.2.6.2 Thailand vehicle production data
                                   TABLE 112 THAILAND VEHICLE PRODUCTION, 2017-2019 (UNITS)
                       14.2.6.3 Thailand: Decline in vehicle production due to COVID-19
                                   TABLE 113 THAILAND: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                       14.2.6.4 Thailand: Decline in vehicle sales due to COVID-19
                                   TABLE 114 THAILAND: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                                   TABLE 115 THAILAND: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 116 THAILAND: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.2.7 REST OF ASIA PACIFIC
                       14.2.7.1 OEM focus on expansion in the region will drive the market
                                   TABLE 117 REST OF ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 118 REST OF ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
     14.3 EUROPE
             FIGURE 48 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET SNAPSHOT
             TABLE 119 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY COUNTRY, 2017–2019 (USD MILLION)
             TABLE 120 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             TABLE 121 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
             TABLE 122 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
             TABLE 123 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
             TABLE 124 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             TABLE 125 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT, 2017–2019 (USD MILLION)
             TABLE 126 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT, 2020–2025 (USD MILLION)
             TABLE 127 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL, 2017–2019 (USD MILLION)
             TABLE 128 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL, 2020–2025 (USD MILLION)
             TABLE 129 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION, 2017–2019 (USD MILLION)
             TABLE 130 EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION, 2020–2025 (USD MILLION)
             14.3.1 IMPACT OF COVID-19 ON AUTOMOTIVE HEAT SHIELD MARKET IN EUROPE
             14.3.2 FRANCE
                       14.3.2.1 Increasing demand for premium passenger cars will boost the market
                       14.3.2.2 France vehicle production data
                                   TABLE 131 FRANCE: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
                       14.3.2.3 France: Decline in vehicle production due to COVID-19
                                   TABLE 132 FRANCE: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                       14.3.2.4 France: Decline in vehicle sales due to COVID-19
                                   TABLE 133 FRANCE: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                                   TABLE 134 FRANCE: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 135 FRANCE: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.3.3 GERMANY
                       14.3.3.1 Engine downsizing trend and growing demand for fuel-efficient vehicles will drive the market
                       14.3.3.2 Germany vehicle production data
                                   TABLE 136 GERMANY: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
                       14.3.3.3 Germany: Decline in vehicle production due to COVID-19
                                   TABLE 137 GERMANY: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                       14.3.3.4 Germany: Decline in vehicle sales due to COVID-19
                                   TABLE 138 GERMANY: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                                   TABLE 139 GERMANY: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 140 GERMANY: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.3.4 RUSSIA
                       14.3.4.1 Automotive manufacturing plant expansions will drive demand
                       14.3.4.2 Russia vehicle production data
                                   TABLE 141 RUSSIA: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
                       14.3.4.3 Russia: Decline in vehicle production due to COVID-19
                                   TABLE 142 RUSSIA: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                                   TABLE 143 RUSSIA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 144 RUSSIA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.3.5 UK
                       14.3.5.1 Advancements in premium passenger car segment to fuel demand
                       14.3.5.2 UK vehicle production data
                                   TABLE 145 UK: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
                       14.3.5.3 UK: Decline in vehicle production due to COVID-19
                                   TABLE 146 UK: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                       14.3.5.4 UK: Decline in vehicle sales due to COVID-19
                                   TABLE 147 UK: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                                   TABLE 148 UK: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 149 UK: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.3.6 ITALY
                       14.3.6.1 Government collaborations and strategies will impact the market positively
             14.3.7 ITALY VEHICLE PRODUCTION DATA
                       TABLE 150 ITALY: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
             14.3.8 ITALY: DECLINE IN VEHICLE PRODUCTION DUE TO COVID-19
                       TABLE 151 ITALY: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
             14.3.9 ITALY: DECLINE IN VEHICLE SALES DUE TO COVID-19
                       TABLE 152 ITALY: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                       TABLE 153 ITALY: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                       TABLE 154 ITALY: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
               14.3.10 TURKEY
            14.3.10.1 Developments by heat shield component manufacturers will drive the market
            14.3.10.2 Turkey vehicle production data
                     TABLE 155 TURKEY: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
            14.3.10.3 Turkey: Decline in vehicle production due to COVID-19
                     TABLE 156 TURKEY: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
            14.3.10.4 Turkey: Decline in vehicle sales due to COVID-19
                     TABLE 157 TURKEY: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                     TABLE 158 TURKEY: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                     TABLE 159 TURKEY: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
               14.3.11 SPAIN
            14.3.11.1 Increasing vehicle export will boost demand
            14.3.11.2 Spain vehicle production data
                     TABLE 160 SPAIN: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
            14.3.11.3 Spain: Decline in vehicle production due to COVID-19
                     TABLE 161 SPAIN: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
            14.3.11.4 Spain: Decline in vehicle sales due to COVID-19
                     TABLE 162 SPAIN: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                     TABLE 163 SPAIN: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                     TABLE 164 SPAIN: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
               14.3.12 REST OF EUROPE
            14.3.12.1 Increasing EV sales will drive demand
                     TABLE 165 REST OF EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                     TABLE 166 REST OF EUROPE: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
     14.4 NORTH AMERICA
             TABLE 167 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY COUNTRY, 2017–2019 (USD MILLION)
             TABLE 168 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             TABLE 169 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
             TABLE 170 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
             TABLE 171 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
             TABLE 172 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             TABLE 173 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT, 2017–2019 (USD MILLION)
             TABLE 174 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT, 2020–2025 (USD MILLION)
             TABLE 175 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL, 2017–2019 (USD MILLION)
             TABLE 176 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL, 2020–2025 (USD MILLION)
             TABLE 177 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION, 2017–2019 (USD MILLION)
             TABLE 178 NORTH AMERICA: AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION, 2020–2025 (USD MILLION)
             14.4.1 IMPACT OF COVID-19 AUTOMOTIVE HEAT SHIELD MARKET IN NORTH AMERICA
             14.4.2 US
                       14.4.2.1 Increasing developments in light-weighting will impact the market positively
                       14.4.2.2 US vehicle production data
                                   TABLE 179 US: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
                       14.4.2.3 US: Decline in vehicle production due to COVID-19
                                   TABLE 180 US: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                       14.4.2.4 US: Decline in vehicle sales due to COVID-19
                                   TABLE 181 US: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                                   TABLE 182 US: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 183 US: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.4.3 CANADA
                       14.4.3.1 Upcoming fuel efficiency regulations will boost demand
                       14.4.3.2 Canada vehicle production data
                                   TABLE 184 CANADA: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
                       14.4.3.3 Canada: Decline in vehicle production due to COVID-19
                                   TABLE 185 CANADA: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                       14.4.3.4 Canada: Decline in vehicle sales due to COVID-19
                                   TABLE 186 CANADA: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                                   TABLE 187 CANADA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 188 CANADA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.4.4 MEXICO
                       14.4.4.1 Focus on light vehicles will drive demand
                       14.4.4.2 Mexico vehicle production data
                                   TABLE 189 MEXICO: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
                       14.4.4.3 Mexico: Decline in vehicle production due to COVID-19
                                   TABLE 190 MEXICO: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                       14.4.4.4 Mexico: Decline in vehicle sales due to COVID-19
                                   TABLE 191 MEXICO: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                                   TABLE 192 MEXICO: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 193 MEXICO: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
     14.5 REST OF THE WORLD (ROW)
             TABLE 194 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY COUNTRY, 2017–2019 (USD MILLION)
             TABLE 195 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             TABLE 196 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
             TABLE 197 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
             TABLE 198 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
             TABLE 199 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             TABLE 200 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT, 2017–2019 (USD MILLION)
             TABLE 201 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT, 2020–2025 (USD MILLION)
             TABLE 202 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL, 2017–2019 (USD MILLION)
             TABLE 203 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL, 2020–2025 (USD MILLION)
             TABLE 204 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION, 2017–2019 (USD MILLION)
             TABLE 205 REST OF THE WORLD (ROW): AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION, 2020–2025 (USD MILLION)
             14.5.1 IMPACT OF COVID-19 ON AUTOMOTIVE HEAT SHIELD MARKET IN ROW
             14.5.2 BRAZIL
                       14.5.2.1 Growing presence of OEMs would drive the market
                       14.5.2.2 Brazil vehicle production data
                                   TABLE 206 BRAZIL: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS)
                       14.5.2.3 Brazil: Decline in vehicle production due to COVID-19
                                   TABLE 207 BRAZIL: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS)
                       14.5.2.4 Brazil: Decline in vehicle sales due to COVID-19
                                   TABLE 208 BRAZIL: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS)
                                   TABLE 209 BRAZIL: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 210 BRAZIL: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
             14.5.3 IRAN
                       14.5.3.1 Partnerships with global OEMs will help innovations and drive demand
                                   TABLE 211 IRAN: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
                                   TABLE 212 IRAN: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD THOUSAND)
             14.5.4 OTHERS IN ROW
                       14.5.4.1 Government initiatives to drive demand
                                   TABLE 213 OTHERS IN ROW: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD THOUSAND)
                                   TABLE 214 OTHERS IN ROW: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD THOUSAND)

15 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 187)
     15.1 ASIA PACIFIC WILL BE THE MAJOR MARKET FOR AUTOMOTIVE HEAT SHIELDS
     15.2 TURBOCHARGER HEAT SHIELD CAN BE A KEY FOCUS FOR MANUFACTURERS
     15.3 CONCLUSION

16 COMPETITIVE LANDSCAPE (Page No. - 189)
     16.1 OVERVIEW
     16.2 MARKET RANKING ANALYSIS
             FIGURE 49 MARKET RANKING OF KEY INDUSTRY PLAYERS
     16.3 PRODUCT COMPARISON MAPPING, BY KEY COMPETITORS
             TABLE 215 PRODUCT COMPARISON MAPPING, BY KEY COMPETITORS
     16.4 MARKET EVALUATION FRAMEWORK
             FIGURE 50 MARKET EVALUATION FRAMEWORK
     16.5 MARKET SHARE ANALYSIS, 2019
             FIGURE 51 AUTOMOTIVE HEAT SHIELD MARKET SHARE ANALYSIS, 2019
     16.6 MARKET EVALUATION FRAMEWORK: REVENUE ANALYSIS OF TOP 5 PLAYERS
             FIGURE 52 TOP 5 PLAYERS HAVE DOMINATED THE AUTOMOTIVE HEAT SHIELD MARKET IN LAST 3 YEARS
     16.7 COMPETITIVE LEADERSHIP MAPPING
             16.7.1 STAR
             16.7.2 EMERGING LEADERS
             16.7.3 PERVASIVE
             16.7.4 EMERGING COMPANIES
                       FIGURE 53 AUTOMOTIVE HEAT SHIELD MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2019
     16.8 STRENGTH OF PRODUCT PORTFOLIO
     16.9 BUSINESS STRATEGY EXCELLENCE
     16.10 WINNERS VS TAIL-ENDERS
             FIGURE 54 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE MARKET, 2018–2019
     16.11 COMPETITIVE SCENARIO
               16.11.1 ACQUISITIONS
            TABLE 216 ACQUISITIONS, 2018–2019
               16.11.2 COLLABORATIONS
            TABLE 217 COLLABORATIONS, 2020
               16.11.3 EXPANSIONS
            TABLE 218 EXPANSIONS, 2018

17 COMPANY PROFILES (Page No. - 200)
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
     17.1 DANA INCORPORATED
             FIGURE 55 DANA INCORPORATED: COMPANY SNAPSHOT
             TABLE 219 DANA INCORPORATED: PRODUCTS OFFERED
             TABLE 220 DANA INCORPORATED: ACQUISITIONS
             TABLE 221 DANA INCORPORATED: COLLABORATIONS
             FIGURE 56 DANA INCORPORATED: SWOT ANALYSIS
     17.2 MORGAN ADVANCED MATERIALS
             FIGURE 57 MORGAN ADVANCED MATERIALS: COMPANY SNAPSHOT
             TABLE 222 MORGAN ADVANCED MATERIALS: PRODUCTS OFFERED
             FIGURE 58 MORGAN ADVANCED MATERIALS: SWOT ANALYSIS
     17.3 AUTONEUM HOLDING LTD
             FIGURE 59 AUTONEUM HOLDING LTD: COMPANY SNAPSHOT
             TABLE 223 AUTONEUM HOLDING LTD: PRODUCTS OFFERED
             TABLE 224 AUTONEUM HOLDING LTD: EXPANSIONS
             FIGURE 60 AUTONEUM HOLDING LTD: SWOT ANALYSIS
     17.4 ELRINGKLINGER AG
             FIGURE 61 ELRINGKLINGER AG: COMPANY SNAPSHOT
             TABLE 225 ELRINGKLINGER AG: PRODUCTS OFFERED
             FIGURE 62 ELRINGKLINGER AG: SWOT ANALYSIS
     17.5 LYDALL INC.
             FIGURE 63 LYDALL INC: COMPANY SNAPSHOT
             TABLE 226 LYDALL INC.: PRODUCTS OFFERED
             FIGURE 64 LYDALL INC: SWOT ANALYSIS
     17.6 TENNECO INC.
             FIGURE 65 TENNECO INC.: COMPANY SNAPSHOT
             TABLE 227 TENNECO INC.: PRODUCTS OFFERED
             TABLE 228 TENNECO INC.: ACQUISITIONS
     17.7 HAPPICH GMBH
             TABLE 229 HAPPICH GMBH: PRODUCTS OFFERED
             TABLE 230 HAPPICH GMBH: ACQUISITIONS
     17.8 CARCOUSTICS
             TABLE 231 CARCOSUTICS: PRODUCTS OFFERED
     17.9 UGN INC.
             TABLE 232 UNG INC.: PRODUCTS OFFERED
     17.10 HKO GROUP
             TABLE 233 HKO GROUP: PRODUCTS OFFERED
     17.11 SHILOH INDUSTRIES
             FIGURE 66 SHILOH INDUSTRIES: COMPANY SNAPSHOT
             TABLE 234 SHILOH INDUSTRIES: PRODUCTS OFFERED
     17.12 THE NARMCO GROUP
             TABLE 235 THE NARMCO GROUP: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
     17.13 OTHER KEY PLAYERS
               17.13.1 ASIA PACIFIC
                          17.13.1.1 Sumitomo Riko Company Limited
                          17.13.1.2 Sanwa Packing Industry Co., Ltd.
                          17.13.1.3 NICHIAS Corporation
                          17.13.1.4 Kokusan Parts Industry Co., Ltd.
                          17.13.1.5 Datsons Engineering Works, Pvt. Ltd.
                          17.13.1.6 Talbros
               17.13.2 EUROPE
                          17.13.2.1 TKG Automotive
                          17.13.2.2 Borgers SE & Co. KGaA
                          17.13.2.3 Rφchling
                          17.13.2.4 Zircotec
                          17.13.2.5 J & S
               17.13.3 NORTH AMERICA
                          17.13.3.1 Soundwich NVH & Thermal Innovations
                          17.13.3.2 DuPont de Nemours, Inc.

18 APPENDIX (Page No. - 228)
     18.1 DISCUSSION GUIDE
     18.2 CURRENCY
             TABLE 236 CURRENCY EXCHANGE RATES (W.R.T USD)
     18.3 PACKAGE SIZE
     18.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     18.5 AVAILABLE CUSTOMIZATIONS
     18.6 RELATED REPORTS
     18.7 AUTHOR DETAILS

The research study involved extensive use of secondary sources such as company annual reports/presentations, industry association publications, magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases to identify and collect information on the automotive heat shield market. The primary sources—experts from related industries, automobile OEMs, and suppliers—have been interviewed to obtain and verify critical information, as well as assess the growth prospects and market estimations.

Secondary Research

In the secondary research process, various secondary sources were used to identify and collect information for this study on the automotive heat shield market. The secondary sources include annual reports, press releases and investor presentations of companies, whitepapers, certified publications, articles from recognized authors, directories, and databases, and articles from recognized associations and government publishing sources.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the automotive heat shield market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (OEMs) and supply-side (automotive heat shield and component manufacturers) across major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. Approximately 25% and 75% of primary interviews have been conducted from the demand- and supply-side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and marketing, to provide a holistic viewpoint in our report.

After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Automotive Heat Shield Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up and top-down approaches have been used to estimate and validate the size of the automotive heat shield market. The automotive heat shield market size, by vehicle type, in terms of volume, is derived by applying penetration of each application at country-level production of passenger cars and commercial vehicles in units. This gives the volume market for automotive heat shields, by vehicle type. Further, summation of all countries leads to the regional-level market in terms of volume. The average selling price (ASP) of automotive heat shields in each application for each vehicle type at country level is considered and validated from primary interviews. Further, multiplying country-level automotive heat shield market, by vehicle type and volume, with the ASP of heat shields, followed by summation of all countries, leads to the regional-level market in terms of volume and value. A similar approach has been used for the automotive heat shield market by application type and product type.

Automotive Heat Shield Market: Bottom-Up Approach

Automotive Heat Shield Market  Size, and Share

Automotive Heat Shield Market: Top-Down Approach

Automotive Heat Shield Market  Size, and Share

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.

Report Objectives

  • To segment and forecast the global automotive heat shield market size in terms of value (USD Million)
  • To define, describe, and forecast the automotive heat shield market based on application type, material type, vehicle type, function, product type, electric vehicle type, and region
  • To analyze the regional markets for growth trends, prospects, and their contribution to the overall market
  • To segment and forecast the market size by application (exhaust system heat shield, turbocharger heat shield, under bonnet heat shield, engine compartment heat shield, and under chassis heat shield)
  • To segment and forecast the market size by material type (metallic and non-metallic)
  • To segment and forecast the market size by vehicle type (passenger car, light commercial vehicle, and heavy commercial vehicle)
  • To segment and forecast the market size by function (acoustic and non-acoustic)
  • To segment and forecast the market size by product type (single shell, double shell, and sandwich)
  • To segment and forecast the market size by electric vehicle type (BEV, HEV, PHEV, and FCEV)
  • To forecast the market with respect to key regions, namely, North America, Europe, Asia Pacific, and the Rest of the World
  • To provide detailed information regarding the major factors influencing market growth
    (drivers, restraints, opportunities, and challenges)
  • To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze opportunities for stakeholders and details of a competitive landscape for market leaders
  • Impact of COVID-19 on the market and its stakeholders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze recent developments, alliances, joint ventures, product innovations, and mergers & acquisitions in the automotive heat shield market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance to the company’s specific needs.

  • Automotive heat shield market, by off-highway vehicles at the regional level
  • Automotive heat shield market, by vehicle type at country level (for countries not covered in the report)

Company Information

  • Profiling of Additional Market Players (Up to 3)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Automotive Heat Shield Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Automotive Heat Shield Market

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AT 3749
Published ON
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