Automotive Heat Shielding Market is Booming Across the Globe by Share, Size, Growth, Segments and Forecast to 2025

In its latest report, the Intergovernmental Panel on Climate Change (IPCC) states that the world temperature will rise by 3* Celsius by 2100 unless urgent action is taken. The automotive sector accounts for a huge chunk of emissions and national governments have forced carmakers to improve their fuel efficiency figures. Until the year 2017, several original equipment makers (OEMs) had already reduced their carbon emissions and others plan to do so in the near future. This has a compounding effect on ancillary parts such as automotive heat shields.

For More Insights into the Market, Get a Sample Copy of this Report:

https://www.fairfieldmarketresearch.com/report/automotive-heat-shielding-market/

Carmakers and Retailers Seek Partnerships in Automotive Heat Shield Market

Electric vehicles have seen a spike in demand as governments encourage adoption with favorable policies and consumers prefer EV’s over ICE options. The California Zero Emission (ZEV) Program is an example of state-level policy that promotes EV uptake. Even retailers such as Walmart have entered the arena. In 2019, it announced its partnership with Volkswagen to build EV chargers. Stricter norms make it essential for automakers to reduce their engine displacement and carbon emissions. Turbochargers and superchargers have been introduced to ensure a high power output is maintained. Both necessitate automotive heat shields for smooth performance, boosting demand in the automotive heat shield market.

High Cost of Automotive Shields and Phasing Out of ICE Vehicles Restraints to Overcome

Automotive heat shields must be changed frequently for optimal performance, but drivers are unaware of this. Even if they are aware, they overlook it as automotive heat shields are prohibitively expensive. The cost of replacement parts in the aftermarket is much higher than OEM offerings. COVID-19 has significantly impacted the automotive heat shielding market as manufacturing units shut down and shortages become commonplace. Consumers have paused purchases on account of the economic uncertainty. Nonetheless, it is anticipated that sales in the automotive heat shielding market will soon rise as the fear of contracting COVID-19 will push people towards personal mobility options.

In addition, some European countries such as Italy have begun restricting internal combustion engines (ICE) vehicles – especially in cities such as Rome and Milan. ICE vehicles use automotive heat shields and any regulation concerning the former will hit the latter. Norway, Denmark, and the United Kingdom are other countries that have announced their intent to gradually phase out ICE vehicles, posing challenges for the automotive heat shielding market.

In Order to place the Purchase Query Click Here: sales@fairfieldmarketresearch.com

Metallic Heat Shields Hugely Popular in North America Automotive Heat Shields Market

China is the largest market in the global automotive heat shields market on account of its cheap labor, abundance of raw materials, and low CAPEX requirement. Europe and North America follow and demand there is particularly high for metallic heat shields. Automotive electronics, sophisticated exhaust systems and higher integration of turbocharger and auto integration is responsible for the demand observed in the North America automotive heat shields market. Metallic heat shields are popular as they can withstand the greater temperature extremes typical in North America.

Companies Analyzed

Companies profiled in the report on the automotive heat shields market include Autoneum Holding AG, Morgan Advanced Materials, Carcoustics International GmbH, UGN, Inc., and Dana Incorporated.

Browse Our Latest Reports: https://www.fairfieldmarketresearch.com/shop/

 

Über Fairfield Market Research

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

Firmenkontakt und Herausgeber der Meldung:

Fairfield Market Research

GBE14 9SZ London
Telefon: +44 (20) 30025888
http://www.fairfieldmarketresearch.com

Ansprechpartner:
Fairfield Market Research
Business Development
Telefon: 03300948728
E-Mail: sales@fairfieldmarketresearch.com
Für die oben stehende Pressemitteilung ist allein der jeweils angegebene Herausgeber (siehe Firmenkontakt oben) verantwortlich. Dieser ist in der Regel auch Urheber des Pressetextes, sowie der angehängten Bild-, Ton-, Video-, Medien- und Informationsmaterialien. Die United News Network GmbH übernimmt keine Haftung für die Korrektheit oder Vollständigkeit der dargestellten Meldung. Auch bei Übertragungsfehlern oder anderen Störungen haftet sie nur im Fall von Vorsatz oder grober Fahrlässigkeit. Die Nutzung von hier archivierten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Eine systematische Speicherung dieser Daten sowie die Verwendung auch von Teilen dieses Datenbankwerks sind nur mit schriftlicher Genehmigung durch die United News Network GmbH gestattet.

counterpixel