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Asia Pacific Automotive Heat Shield Market to reach $1.3 bn by 2026

Asia Pacific Automotive Heat Shield Market Size is estimated to cross USD 1.3 billion by 2026. A substantial amount of heat released by cars containing internal combustion engines and a rising need to prevent radiant heat damages to vehicles are expected to propel the APAC automotive heatshield market size.<br>The growing acceptance of catalytic converters & powerful engines and an increasing trend toward the adoption of electric vehicles are significantly contributing to the application of heatshields in automobiles. Increasing restrictions imposed by government authorities in the region are further pushing manufacturers to develop vehicles with controlled emissions and noise reduction.

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Asia Pacific Automotive Heat Shield Market to reach $1.3 bn by 2026

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  1. Asia Pacific Automotive Heat Shield Market to reach $1.3 bn by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Asia Pacific Automotive Heat Shield Market Size is estimated to cross USD 1.3 billion by 2026. A substantial amount of heat released by cars containing internal combustion engines and a rising need to prevent radiant heat damages to vehicles are expected to propel the APAC automotive heatshield market size. The growing acceptance of catalytic converters & powerful engines and an increasing trend toward the adoption of electric vehicles are significantly contributing to the application of heatshields in automobiles. Increasing restrictions imposed by government authorities in the region are further pushing manufacturers to develop vehicles with controlled emissions and noise reduction. However, automotive heat shields tend to increase the overall vehicle weight, which has negative impacts on vehicle performance. Therefore, manufacturers are shifting their focus toward the development of high-performance and lightweight heat shield products, which is likely to improve fuel efficiency and reduce the temperature of the intake air. These key trends indicate a positive outlook for the APAC automotive heatshield market growth. Moreover, the market is anticipated to witness a significant growth in Asia Pacific during the forecast period. Asia Pacific is a major vehicle market and in 2019 held almost 48% of the global sales. Alarming air quality in the region coupled with alleviated vehicle sales has been pushing concerned authorities to regulate vehicle emissions. Air quality is a critical issue in many APAC countries; however, China and India are the major contributors. Therefore, the rising focus of authorities to mitigate vehicle emissions has directed automotive manufacturers to take lightweight components into application. This also improves the inclusive fuel efficiency of automobiles. For instance, in 2016, the Indian Ministry of Road Transport and Highways (MoRTH) issued a notification of BS-VI emission standards for all major lightweight vehicle categories. The new regulation aims to alleviate around 25% of NOx emissions from on-road vehicles. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ http://bit.ly/3qd8tRu Request for customization @ http://bit.ly/3qd8oxa ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. The LCV segment is anticipated to witness over 4.5% CAGR in the APAC automotive heatshield market. The growth will be majorly attributable to the nations that have the most vehicle production facilities including India and China, among others. As electric vehicles continue to adopt more powerful batteries, industry participants are focusing on the advancement of a new technological approach to keep battery cells cool. One of those safety components includes a low-weight silicone rubber heat shield meant for the lithium battery system. APAC is one of the major adopters of electric vehicles with China being the major adopter. At the end of 2019, almost half of the electric vehicles were in China. India and Thailand are also accelerating toward e-mobility as the government targets 30% of the total production to be EVs by 2030. Therefore, the increasing adoption of electric vehicles across the region is expected to stimulate the APAC automotive heatshield market growth. Prominent manufacturers involved in the APAC automotive heatshield market include Estamp S.A.U., QUSA Thermal, Inc., Dana Limited, iSoKlick Holding GmbH, Datsons Engineering Works Pvt. Ltd., Niranjan Auto Components Pvt. Ltd., Talbros Automotive Components Ltd., Victor Reinz India Pvt. Ltd., Boyd Corporation, Vandapac Co., Ltd., Rieter, and Elcon Group, among others. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Segmentation of Asia Pacific Automotive Heat Shield Market: • APAC Automotive Heatshield Market, By Vehicle Type • PCV • LCV • Automotive Heatshield Market, By Material Type • Aluminum • Aluminized Steel • APAC Automotive Heatshield Market, By Application • Engine • Underbody Heatshield • The above information is provided on a country basis for the following: • Asia Pacific • China • India • Japan • South Korea • Malaysia • Rest of Asia Pacific ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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