In this report, we have focused on the strategies of leading players in the global automotive heat shield market and have observed that continuous product innovation is the key strategy to enhance customer base and market share. Similarly, a well-structured and efficient supply chain network is key to reaching out to end consumers. The market has witnessed widespread adoption of safety standards for high-performance cars in developing countries, and manufacturers are focusing on providing a complete range of heat shield products.

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APAC is anticipated to be an opportunistic market in terms of demand. Companies are expanding their footprint to cater to the demand of luxury and premium automobiles in the APAC region. By value, APAC is estimated to account for the largest share in the global automotive heat shield market. The market in MEA is in the nascent stage, primarily due to low automotive production and vehicle parc. The global automotive heat shield market is significantly fragmented and is characterized by the presence of a number of regional players. While examining the global automotive heat shield market, our analysts have observed that strategic collaborations to gain regional advantage are expected to be a key trend in the future.

Through this new publication, our analysts suggest that manufacturers strengthen their supply chain particularly in regions such as APAC and North America, which are the key focus areas for players in this market. On the other hand, suppliers have been suggested to cater to the specific requirements of automakers, while adhering to high-quality standards of production.

Research methodology

Our research methodology is comprehensive and exhaustive to ensure accurate forecasting of the market.

Product mapping of heat shields and components across the different market segments
Breakdown of the overall business into product segments and systems under defined categories
Comparison of available products and services of a company with other manufacturers in regional and international markets. Relative benchmarking of the company on the basis of product mapping and regional availability
In-depth secondary research to arrive at an overall market size, top industry players, top products and industry associations
Validation of data through extensive primary interviews with industry experts and exhaustive secondary research
Recording and analyzing overall annual revenue of key manufacturers for 2016 on the basis of annual reports and secondary research
Estimation of automotive heat shield sales from overall revenues of key market players
We have also analyzed the various companies’ annual reports, investor presentations, SEC filings and press releases to fetch substantial information on the market size, trends, opportunities, drivers and restraints.



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Market Segmentation

By Product Type

Single Shell
Double Shell
Sandwich
By Application

Under Chassis
Under Bonnet
Engine Compartment
Exhaust System
Turbocharger
By Sales Channel

OEM
Aftermarket
By Material

Non-Metallic
Metallic
By Vehicle Type

Passenger Car
LCV
HCV
By Region

North America
Europe
Latin America
Asia Pacific (APAC)
Middle East & Africa (MEA)
Forecast assumptions and market sizing

When developing the market forecast, we have started by sizing the current market, which forms the basis for forecasting how the market is anticipated to perform in future. We have considered the product-wise Weighted Average Selling Price (ASP) to deduce market values at a regional level. We have used the bottom-up approach to assess market numbers for each product category, while top-down approach has been used to counter validate the market estimations. Macroeconomic indicators such as GDP, manufacturing sector growth, global trade statistics and household final expenditure have been considered. All values for market size are indicated in US$ Mn (US Dollar-Million) and volume data is indicated in thousand units.



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