QYResearch: The global revenue of the automotive heat shield is about 10 billion USD in 2016
QYResearch
A heat shield is designed to shield a substance from absorbing excessive heat from an outside source by either dissipating, reflecting or simply absorbing the heat. It is often used as a form of exhaust heat management.
Due to the large amounts of heat given off by internal combustion engines, heat shields are used on most engines to protect components and bodywork from heat damage. As well as protection, effective heat shields can give a performance benefit by reducing the under-bonnet temperatures, therefore reducing the intake temperature. Heat shields vary widely in price, but most are easy to fit, usually by stainless steel clips or high temperature tape.
According to QYResearch, The global revenue of the automotive heat shield is about 10 billion USD in 2016, the CAGR is 6.6% 2012-2022, the China is the largest production region, it occupies about 30% market share in 2016, the North America occupies about 19% market share, the Japan & Korea occupies about 22% market share；
The global consumption of the automotive heat shield is about 10.4 billion USD in 2016, the CAGR is 6.6%, the Europe is the largest consumption region, it occupies about 26% market share in 2016, the North America occupies about 20% market share, the Japan & Korea occupies about 15% market share;
The average price of the automotive heat shield is showing downstream trend, the gross margin is about 21% in 2016; it has the similar trend with price;
In the future, the total install ratio will still have increase trend, and the total consumption volume will have great influence by the automotive industries’ development.
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