Albany, NY -- (SBWIRE) -- 12/31/2018 -- The global market for automotive heat shield is predicted to witness a steep growth during the assessed period 2018 – 2026, owing to the rapid growth of the automotive sector all across the world. Various components of a vehicle produce heat, in order to protect the components of vehicle from heat shield is used. Protection of heat is crucial as it helps for longer lifespan and safety of a vehicle. Apart from these, heat shield are now integrated with latest technology to lure more consumers. This is likely to increase the demand for the market product, notices ResearchMoz.us. In a 400 pages report titled, "Heat Shield Market for Automotive Industry - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026", the analysts have provide complete overview of the market which will help readers to comprehend with complicacies in the market. The report offers several important factors such as trends, opportunities, drivers, and restraints which are likely to impact market in future.
One of the major reason that is pushing the market in the forward direction is the impressive growth of the automotive industry. Rise in disposable income and rapid urbanization has increased the demand for vehicles. Surge in number of passenger vehicles is another reason that is favoring the growth of the market. Apart from these, effective heat shields provide performance benefits by pruning down the under-bonnet temperature and intake temperature.
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Rapid advancement in technology is increasing temperature sensitive and sophisticated components in vehicles. This components required enhanced intense heat shielding, thus helping the market to foster. Furthermore, heat shield helps in functioning of exhaust systems, engines, and other components to provide better safety to the vehicle. Heat shields also helps various components to work efficiently, thus providing a better performance. High performance heat shields are used for high powered vehicles such as Formula One.
The global automotive heat shield market is classified on the basis of type, end use, and region. On the basis of end use the market is segregated into thermal sleeves, catalytic converter and exhaust pipe, underbody heat shield, manifold and header heat wrap, manifold and header heat shield, turbo heat shields, and others. Amongst these, exhaust heat shield insulation segment is likely to witness an impressive demand. Exhaust heat shield insulation increases exhaust flow and exhaust temperature, thus helping the vehicle to build more power. On the basis of type, the market is bifurcated into flexible heat shields and rigid heat shields. Of these, rigid heat shield is likely to dominate.
On the basis of region, the market is divided into Europe, Rest of the World, and Asia Pacific. On the basis of revenue, Asia Pacific holds the leading position due to surge in economic growth and stellar growth of automotive industry. Various players are showing interest in the region, this has made investors to pump in investment for the region. On the other hand North America is likely to exhibit a steady growth rate owing to presence of major players in the market. Some of the major players in the market are Autoneum Holding AG, Lydall Inc., Federal Mogul Corp., and Dana Holding Corp.
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