According to the business intelligence report titled ‘Asia Pacific Automotive Heat Shield Market Size, By Material, By Vehicle, By Application, By Sales Channel, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Asia-Pacific automotive heat shield market valuation is expected to surpass USD 1.3 billion mark by the year 2026.
 

Extensive product adoption to prevent damages in vehicles caused by high amount of heat generated by internal combustion engines is augmenting Asia-Pacific automotive heat shield market size.
 

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Furthermore, increasing utilization of catalytic converters, escalating demand for electric vehicles, and imposition of stringent emission norms and standards are adding substantial traction to the industry expansion.
 

On the contrary, these heat shields increase the overall weight of the vehicles, significantly reducing fuel-efficiency, which in turn is hindering the market expansion. However, emphasis among manufacturers to develop high-performance and lightweight heat shields will augment the market outlook.
 

Speaking of vehicle type, the LCV segment is projected to grow at a 4.5% CAGR over 2020-2026, owing to increasing production and sale of commercial vehicles, predominantly in China and India.
 

Based on material type, Asia Pacific heat shield market is bifurcated into aluminized steel, stainless steel, and aluminum. With regards to application scope, the industry is categorized into turbo charger, starter motor, exhaust manifold, tank heat shield, engine, and underbody heat shield among others.
 

Regionally speaking, Indonesia, India, Australia, Thailand, Japan, and China are the key contributors of Asia-Pacific automotive heat shield industry valuation.
 

Elaborating on competitive hierarchy, Dana Inc., QUSA Thermal Inc., iSoKlick Holding GmbH, Niranjan Auto Components Pvt. Ltd., Estamp S.A.U., Datsons Engineering Works Pvt. Ltd., Talbros Automotive Components Ltd., Boyd Corporation, Victor Reinz Sealing Systems, Vandapac Co. Ltd., Elcon Group Inc., and Rieter Automotive Heatshield AG are the major companies influencing Asia-Pacific automotive heat shield industry trends.