Automotive Shielding Market | Top 10 company Analysis Report: Before & After effect of covid 19 waves.
Posted on Oct 20 2021 4:19 AM
"Automotive Shielding Market report offers insights into the latest trends. It summarizes key aspects of the market, with focus on leading key players, areas that have witnessed the highest demand, leading regions, and applications. "
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.
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Fortune Business Insights™ provides a list of all the automotive shielding companies. They are as follows:
- Tenneco Inc.
- Marian, Inc.
- Kitagawa Corporation
- ElringKlinger AG
- Henkel AG & Co. KGaA
- Lydall, Inc.
- PARKER HANNIFIN CORP
- Morgan Advanced Materials
- SCHAFFNER HOLDING AG
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.
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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.
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.
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Automotive Shielding Market Segmentation:
By Shielding Type
- Heat Shield
- EMI Shield
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- North America (U.S., Canada, and Mexico)
- Europe (U.K., Germany, France and Rest of Europe)
- Asia-Pacific (Japan, China, India, South Korea and Rest of Asia- Pacific)
- Rest of the World
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.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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