The demand for turbochargers and turbocharger heat shields is expected to rise as the demand for more powerful and fuel-efficient gasoline-powered automobiles increases. Consumer choice has turned toward in-vehicle safety and comfort equipment as a result of increased consumer knowledge and increased per capita income. Heat shields in automobiles serve an important part in improving vehicle safety. Heat shields protect car components from heat and high temperatures, preventing them from deterioration. Thermally sensitive components, such as the lambda probe, gasoline and hydraulic lines, electric wiring, and the fuel tank itself, must also be safeguarded. Consequently, the global automotive heat shield market is being propelled by an increase in the demand for safety.
The global Automotive Heat Shield Market is estimated to attain a valuation of US$ 12.23 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 3.10% during the forecast period, 2021 to 2031.
Based on product type, the rigid heat shield segment dominated the global automotive heat shield market, in terms of volume and revenue, in 2020. Rise in sales of premium and luxury cars is further boosting the global automotive heat shield market.
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Automotive Heat Shield Market: Industry Trends and Value Chain
The study on the Automotive Heat Shield Market presents a granular assessment of the macroeconomic and microeconomic factors that have shaped the industry dynamics. An in-depth focus on industry value chain help companies find out effective and pertinent trends that define customer value creation in the market. The analysis presents a data-driven and industry-validated frameworks for understanding the role of government regulations and financial and monetary policies. The analysts offer a deep-dive into the how these factors will shape the value delivery network for companies and firms operating in the market.
Automotive Heat Shield Market: Branding Strategies and Competitive Strategies
Some of the key questions scrutinized in the study are:
· What are some of the recent brand building activities of key players undertaken to create customer value in the Automotive Heat Shield Market?
· Which companies are expanding litany of products with the aim to diversify product portfolio?
· Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the Automotive Heat Shield Market?
· Which companies have expanded their horizons by engaging in long-term societal considerations?
· Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient?
· What are the marketing programs for some of the recent product launches?
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The list of key players operating in the Automotive Heat Shield Market includes following names:
- Dana Limited
- UGN Inc.
- Autoneum
- Lydall Inc.
- HAPPICH GmbH
- ElringKlinger AG
- Progress-Werk Oberkirch AG
- Morgan Advanced Materials
- Tenneco Inc.
- Carcoustics
Automotive Heat Shield Market: Assessment of Avenues and Revenue Potential in Key Geographies
Some of the key aspects that the study analyzes and sheds light are:
· Which regions are witnessing rise in investments in the supply chain networks?
· Which countries seems to have benefitted from recent import and export policies?
· Which regions have witnessed decline in consumer demand due to economic and political upheavals?
· Which are some the key geographies that are likely to emerge as lucrative markets?
· Which regions are expected to lose shares due to pricing pressures?
· Which regions leading players are expected to expand their footprints in the near future?
· What are some the sustainability trends impacting the logistics and supply chain dynamics in the Automotive Heat Shield Market?
· What are some of the demographic and economic environments that create new demand in developing economies?
· How are changing government regulations shaping business strategies and practices?
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