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Engine Heat Shield Market: Introduction

  • The exhaust system, from the engine exhaust manifold to the tailpipe, is a major heat generating component of an I.C. engine vehicle, which fuels the need for effective heat management solutions.
  • The engine heat shield protects these automobile components from absorbing excessive heat either by dissipating, reflecting, or simply absorbing the heat generated. The heat shield is a widely used heat management option in vehicles as it is easy to install and highly cost-effective.

Key Drivers of Engine Heat Shield Market

  • The per capita GDP of the global population is rising, which has led to an increase in disposable income of people. For instance, in September 2020, the Indian Ministry of Statistics and Programme Implementation stated in a press release that per capita income of households in India rose from US$ 993.86 in FY15 to US$ 1296.22 in FY19. This rise in disposable income fueled the sales of vehicles annually. Engine heat shields have become an integral part of automobiles and are being extensively employed to provide flame resistance from components that release excess heat. Rising sale of vehicles is driving the demand for engine heat shield across the globe.
  • Demand for high performance automobiles has been increasing worldwide. This has compelled automakers to integrate high power-rated engines in their vehicles along with other equipment such as turbochargers and catalytic converters. These high power engines and components maximize the heat generated under the vehicle’s hood, which can cause potential damage to the vehicle. Hence, automakers are increasing installing heat shields in their vehicle models to reduce the possibility of damage through excessive heat, thus propelling the global engine heat shield market.

Challenges in Engine Heat Shield Market

  • Rise in concerns related to emissions and scarcity of fossil fuels have boosted consumer preference toward electric vehicles, which eliminate the I.C. engine or reduce its use. This increase in demand for electric vehicles is hampering the global engine shield market.

Impact of COVID-19 Pandemic on Engine Heat Shield Market

  • The COVID-19 pandemic has disrupted automotive supply chains, thus creating a shortage of raw materials and components. However, demand for engine heat shield across the globe is anticipated to increase, as governments are easing restrictions and companies are restarting their operations with precautionary measures.

Asia Pacific to Hold Significant Share of Global Engine Heat Shield Market

  • The presence of leading automobile manufacturers in major countries across Asia Pacific region, such as China, India, Japan, and South Korea has increased the demand for engine heat shields. Moreover, the implementation of stringent emission norms is further boosting the demand for engine heat shield, as it reduces the emission of CO2 from the vehicle by maintaining required temperature within the engine compartment. These factors are propelling the share held by Asia Pacific in the global engine shield market.

Key Players Operating in Engine Heat Shield Market

The global engine heat shield market is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the engine heat shield market are:

  • Dana Limited
  • UGN Inc.
  • Autoneum
  • Lydall Inc.
  • ElringKlinger AG
  • Progress-Werk Oberkirch AG
  • Heatshield Products

Global Engine Heat Shield Market: Research Scope

Global Engine Heat Shield Market, by Type

  • Rigid Heat Shield
  • Flexible Heat Shield

Global Engine Heat Shield Market, by Application

  • Turbo Heat Shields
  • Thermal Sleeves
  • Exhaust Manifold & Header Wrap
  • Exhaust Manifold & Header Heat Shield
  • Catalytic Converter & Exhaust Pipe
  • Underbody Heat Shield
  • Others

Global Engine Heat Shield Market, by Vehicle Type

  • Passenger Vehicle
  • Hatchback
  • Sedan
  • Utility Vehicles
  • Light Commercial Vehicle
  • Trucks
  • Buses & Coaches

Global Engine Heat Shield Market, by Sales Channel

  • OEM
  • Aftermarket

Global Engine Heat Shield Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Nordic Region
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Engine Heat Shield Market