Automotive Heat Shield Market: Worldwide Industry Analysis and New Market Opportunities Explored

An up to date business intelligence report developed using proven research methodologies at the headquarters of Transparency Market Research (TMR) has notified that the shares in the global automotive heat shield market are moderately consolidated among a handful of players. The market leaders, such as Federal Mogul Corp., Lydall, Inc., Autoneum Holding AG, and Dana Holding Corp., are ahead of the curve via their constant emphasis on product innovation and adopting new technologies. For instance, Federal Mogul Corp. offers Nimbus GII® Heat Shields, Acoutherm Heat Shields, and Thermcut Heat Shields, which offers heat protection by utilizing non-fiber sandwich technology. In addition to that, these players are frequently indulging in strategic alliances and acquisition activities to maintain their stronghold. As for the new players, the entry barriers are quite high and overcoming the band value of the existing leaders is a stiff challenge.

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Global Automotive Heat Shield Market to be worth US$25,376.4 mn by 2024

According to the projections of the TMR report, the demand in the global automotive heat shield market will multiply at a robust CAGR of 9.7% during the forecast period of 2017 to 2024. Revenue-wise, the analyst of the report has estimated that the global automotive heat shield market will be worth US$25,376.4 million by the end of 2024. In terms of product, the report has highlighted exhaust heat shield insulation as the key segment, evaluating it to be worth US$2,965.9 million by 2024. Based on type, the segment of rigid heat shields are slightly ahead of flexible and textile segments, and are estimated to generate a demand worth of US$8,622.9 million by 2024. Geographically, Asia Pacific has been identified as the most lucrative region.