Skip to main content

Global Business Jet Market: Industry Analysis and Forecast 2021-2027

Automotive Shielding Market Size, Share, Development by 2020

Final Report will add the Impact of COVID-19 Analysis on Automotive Shielding Industry:

The global automotive shielding market is set to gain traction from the rising government initiatives to curb global warming and pollution. Therefore, manufacturers are focusing in electrification of the vehicles to reduce carbon footprints. This information is given by Fortune Business Insights™ in a recently published report, titled, “Automotive Shielding Market Size, Share & Industry Analysis, By Shielding Type (Heat Shield and Electromagnetic Interference [EMI] Shield), By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Forecasts, 2020-2027.” The report further states that the automotive shielding market size was USD 7.54 billion in 2019 and is projected to reach USD 16.52 billion by 2027, thereby exhibiting a CAGR of 10.3% during the forecast period. The following market is expected to decline significantly in 2020 due to the COVID-19 impact and hence, the 2020-2027 CAGR is high.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Source:

https://www.fortunebusinessinsights.com/automotive-shielding-market-103018

This Report Answers the Following Questions:

What are the forecast, historical, and current sizes of the market?
Which company is set to generate the highest revenue in the coming years?
How will the market be affected in terms of growth?
Which strategies are the key companies following to surge sales of automotive shields?
How will the Covid-19 pandemic impact the market during the forthcoming years?
Drivers & Restraints-

How will the Outbreak of Covid-19 Pandemic Affect the Market?

Owing to the complete lockdown measures declared by the regulatory bodies worldwide, the entire manufacturing operations have come to a standstill.
The service sector is also shut down.
The above factors are affecting the manufacturing supply chain immensely. These have mainly impacted those industries that are completely dependent on the goods, services, and materials manufactured in China.
The mankind are presently prioritizing their basic needs instead of spending hefty amounts of money on luxurious goods and vehicles.
The quarantine measures, as well as the reduced workforce have made it necessary for the manufacturers to shut their production lines.
All these above-mentioned factors prove that the overall sales of vehicles would decline and would result in the low demand for automotive shields. It would further decline the automotive shielding market growth in the coming years.
Segment-

Heat Shields Segment to Grow Significantly Backed by Their Rising Usage in Automobiles

In terms of shielding type, the market is bifurcated into electromagnetic interference (EMI) shield system and heat shields. Amongst these, the heat shields segment is set to grow significantly backed by their increasing usage in automobiles. They are mainly utilized in turbocharger, engine compartment, under chassis, and exhaust system in vehicles. As per our research, these shields are capable of lowering approximately 70% of the heat coming out of the exhaust system. They can also improve the performance of the vehicles by lowering the temperature produced by various components and systems, and then minimize fuel consumption.

Regional Analysis-

Development of Connected Mobility to Favor Growth in Asia Pacific

Geographically, Asia Pacific procured USD 4.47 billion automotive shielding market share in 2019 and is likely to dominate the market throughout the forthcoming period. This growth is attributable to the hike in the automotive industry in the developing countries, such as India and China. Coupled with this, the ongoing development of smart transportation system and connected mobility in these countries would accelerate growth in the region. The industry in this region has become advanced because of several smart mobility projects, such as Vehicle-to-Pedestrian (V2P), Vehicle-to-Vehicle (V2V), and Vehicle-to-Infrastructure (V2I). The automotive shielding systems are gaining more popularity in Asia Pacific on account of the rising government initiatives to control the emission of carbon in the atmosphere.

Competitive Landscape-

Key Players Focus on Making Products with Unique Materials to Increase Sales

The market consists of numerous automotive shieling manufacturers. They are mainly focusing on producing automotive shields equipped with innovative materials to cater to the needs of their growing consumer bases. They are also trying to deliver efficient insulation products. Below is a recent key industry development:

April 2019: Toyochem Co., Ltd. introduced its thermally conductive adhesive sheets under the LIOELM FTS series. It is best suited for high power electronic devices to act as a heat-dissipation solution. The product is capable of transferring heat from the actual source by persistently insulating the device from thermal shock and high voltages.
Fortune Business Insights™ provides a list of all the automotive shielding companies.

They are as follows:

Tenneco Inc.
Laird
Autoneum
3M
Marian, Inc.
Kitagawa Corporation
ElringKlinger AG
Henkel AG & Co. KGaA
Lydall, Inc.
PARKER HANNIFIN CORP
Morgan Advanced Materials
SCHAFFNER HOLDING AG
Other Related Reports:

Automotive ECall Market : https://www.fortunebusinessinsights.com/automotive-electric-turbocharger-market-103293

Garbage Truck Bodies Market : https://www.fortunebusinessinsights.com/garbage-truck-bodies-market-103323

Commercial Vehicle Rental and Leasing Market : https://www.fortunebusinessinsights.com/commercial-vehicle-rental-and-leasing-market-102988

Locomotive Market : https://www.fortunebusinessinsights.com/locomotive-market-103285

Automotive V2X Market : https://www.fortunebusinessinsights.com/automotive-v2x-market-103320

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Comments

Popular posts from this blog

Global Tablet Market: Industry Analysis and Forecast 2021-2027

  Global Tablet Market . The report will give the past market trends from 2015-2020 and forecast from 2021 to 2027 by considering 2020 a differently. The report forecast that market for Tablet will reach to XX Bn by 2027 and has given the regional break up by countries.   Get Free Sample Report: https://www.maximizemarketresearch.com/request-sample/115033 The report has covered the market drivers and different strategies implemented by key players for expansion and to retain their client base by focusing on market leaders, market followers and new entrants in the market or region. The drivers of the market and revenue of each key players in each segment are analysed to give deep insights in brief to make user understand the market scenario in less time. While forecasting for each year, rational behind forecast are given that are supposed to drive or restrain the market. Focus on each players and their sales by unit by brand make this report unique in the industry. The Tablet market fac

How lead generation has become a boon for businesses?

Be it a small or a large organization, lead generation is a service that is bringing business to all the companies. Lead generation is actually the blood in the vein of all organizations and giving a meaning even to run businesses. People who are aware of this service. Very good for you, but a lot of you must be thinking what exactly is this Lead generation and the Leads? Well, lead can be anyone,(typically a curious customer) who is interested in your service or product or looking for it already. A lead can come through various sources, like website, business page, word of mouth or even a call. It is the most important aspect of online marketing and helps in developing curiosity among people for your services and products so that they come running to you to buy them. Now when we know what lead is now it’s time to know why it’s so important in today’s businesses? Do you know the majority of salespeople are losing their will thinking that why they are not getting more customers? why th

Best Psychic In Paris | Best Psychic Reading Specialist in Paris

Guruji who had abilities altogether dimensions of astrology aptitudes. The Best Psychic in Paris through his understanding and learning on Astrology has helped a big number of his customers keep it up with a glad life. You will totally depend upon astrologer for his proposals. He will examine your horoscope outline, the planetary positions, their impact and you will mention your issues with him. He will provides a total account all of your issues whether its issues identified with hitched life, love connections, or on the off chance that you simply are confronting any medical issues, then forth. Our Guruji who is that the Best psychic reader can lookout of any issue of his customer and has been constantly fruitful. It is safe to mention that you simply are having a harsh time in your life and urgently need direction. Guruji psychic reader is strictly, what you would like. He is a mystic perusing proficient, with numerous long periods of involvement in her field. Through her capacities,