Report Scope & Overview:
Automotive Shielding Market Size was valued at USD 22.90 billion in 2023 and is expected to reach USD 32.07 billion by 2031 and grow at a CAGR of 4.3% over the forecast period 2024-2031.
Automotive shielding is the process of protecting car parts from the heat by using materials that don't conduct heat. In the global market landscape, the industry has been doing well. Shielding is used in automobiles to protect electronic components from heat and electromagnetic interference. Shielding is utilized in automobiles. The proliferation of electronic devices in a vehicle has given rise to substantial issues over radio frequency interference and electromagnetic interference. The primary reason shielding is used in automobiles is to ensure that the vehicle can withstand the fluctuating temperatures produced by the engine as well as electromagnetic interference (EMI). In a car, heat shields can be found in a variety of locations, including the engine compartment, the exhaust system, the turbocharger, and many more.
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With the advent of DowSil EC-6601, Dow has added a new electromagnetic interference shielding solution to its growing range of conductive silicone technologies. To fulfill the needs of markets where connection, dependability, productivity, and the capacity to meet certain regulatory requirements are particularly critical, Dow is investing in solutions that address performance concerns.
MARKET DYNAMICS:
KEY DRIVERS:
Due to an increase in both popularity and demand, fuel-efficient vehicles have seen a recent spike.
The implementation of stringent environmental restrictions and laws in a number of different countries.
The increasing popularity of vehicles with lower fuel consumption.
The sharp uptick in consumer interest in automobiles that are easier on the environment and their gas tanks.
RESTRAINTS:
The high cost of metallic shielding systems could significantly impede market expansion.
Limited financial resources could exacerbate the situation for enterprises and limit their market penetration.
The intricacy of developing auto shielding could slow industry expansion.
OPPORTUNITIES:
The increase in the number of luxury automobiles worldwide.
The increasing use of electronic components in automobiles.
The increase in demand for fuel-efficient and eco-friendly automobiles.
CHALLENGES:
Covid 19 epidemic has limited global expansion and demand.
Increased use of electronic components in cars raises electromagnetic interference risks.
IMPACT OF COVID-19:
As a result, the drop in sales of COVID-19 in the automotive industry has been a barrier to the expansion of the market for automotive shielding. Even if there has been an increase in the manufacturing of automobiles, there has also been an increase in the manufacture of automotive shielding; nevertheless, the expansion of the market has been slowed down by COVID-19. Because of the pandemic, production at Mobility, which plays a significant part in the expansion of the vehicle market, has been halted; however, it is anticipated that production will resume after the current crisis has been resolved. The decrease in demand for automotive shielding can be attributed to both the lockdown and the delayed production of autos. It is anticipated that COVID-19 will have an effect on all parties involved in the value chain.
MARKET ESTIMATION:
Market, By Shielding:
The global market has been divided into heat, and electromagnetic interference based on the shielding segment. EMI shielding is a rapidly growing segment because electric vehicles have a greater number of electronic components than conventional IC engine vehicles, and EMI shielding is useful for controlling the heat transfer of electronic components.
Market, By Heat Application:
The global market has been divided into Engine, Turbocharger, Battery Management, and Fuel Tank Based on the heat application segment. heat shields can be found in a variety of locations, including the engine compartment, the exhaust system, the turbocharger, and many other places. The increase in vehicle production across the globe is the primary force behind the expansion of the heat shield market.
Market, By Vehicle Type:
The global market has been divided into Passenger Cars (PC), Lightweight Commercial Vehicles (LCV), and Heavy Weight Commercial Vehicles (HCV) based on the vehicle type segment. Passenger vehicles accounted for a larger portion of the market. Commercial vehicles, on the other hand, are expected to acquire market share by the end of the forecast period due to an expansion in the construction and agriculture industries.
MARKET SEGMENTATION:
By Shielding:
Heat
Electromagnetic Interference
By Heat Application:
Engine
Turbocharger
Battery Management
Fuel Tank
By Vehicle Type:
Passenger Cars (PC)
Lightweight Commercial Vehicles (LCV)
Heavy Weight Commercial Vehicles (HCV)
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REGIONAL ANALYSIS:
The Global Automotive Shielding Market is segmented into the following four regions: North America, Europe, Asia Pacific, and the Rest of the World based on the results of regional research: It is anticipated that the Asia-Pacific region will hold the market share leadership position in the automotive shielding industry, followed by Europe and North America. The increasing production and demand for autos during the time covered by the prediction is what is driving the demand. This demand can be ascribed to the rising income levels of the people who live in the region, which in turn enables the people to purchase an increased number of high-end luxury vehicles.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
Laird PLC (UK), Dana Limited (US), Schaffner Holding (Switzerland), ElringKlinger AG (Germany), Federal-Mogul Corporation (US), Morgan Advanced Materials (UK), Henkel AG & Company, KGaA (Germany), Kitagawa Europe (Japan), Autoneum (Switzerland), and Progress-WerkOberkirch AG (Germany) are some of the affluent competitors with significant market share in the Automotive Shielding Market.
Dana Limited (US)-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 22.90 Billion |
| Market Size by 2031 | US$ 32.07 Billion |
| CAGR | CAGR of 4.3% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Shielding (Heat, Electromagnetic Interference) • by Heat Application (Engine, Turbocharger, Battery Management, Fuel Tank) • by Vehicle Type (Passenger Cars (PC), Lightweight Commercial Vehicles (LCV), Heavy Weight Commercial Vehicles (HCV)) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Laird PLC (UK), Dana Limited (US), Schaffner Holding (Switzerland), ElringKlinger AG (Germany), Federal-Mogul Corporation (US), Morgan Advanced Materials (UK), Henkel AG & Company, KGaA (Germany), Kitagawa Europe (Japan), Autoneum (Switzerland), and Progress-WerkOberkirch AG (Germany) |
| Key Drivers | •Due to an increase in both popularity and demand, fuel-efficient vehicles have seen a recent spike. •The implementation of stringent environmental restrictions and laws in a number of different countries. |
| RESTRAINTS | •The high cost of metallic shielding systems could significantly impede market expansion. •Limited financial resources could exacerbate the situation for enterprises and limit their market penetration. |
Ans:- The market size is expected to reach USD 32.07 billion by 2031.
Ans:- Shielding, Heat application, and Vehicle type are the different segments of the market.
Ans:- Increase in the number of luxury automobiles worldwide and increasing use of electronic components in automobiles are the most promising aspects/opportunities of the Automotive Shielding Market.
Ans:- Yes.
Ans:- Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, government agencies and NGOs, Trade/Industrial associations, and End-use industries are the stakeholder of this report.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Shielding Market Segmentation, By Shielding
8.1 Heat
8.2 Electromagnetic Interference
9. Global Automotive Shielding Market Segmentation, By Heat Application
9.1 Engine
9.2 Turbocharger
9.3 Battery Management
9.4 Fuel Tank
10. Global Automotive Shielding Market Segmentation, By Vehicle Type
10.1 Passenger Cars (PC)
10.2 Lightweight Commercial Vehicles (LCV)
10.3 Heavy Weight Commercial Vehicles (HCV)
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Morgan Advanced Materials (UK),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Laird PLC (UK)
12.3 Dana Limited (US)
12.4 Schaffner Holding (Switzerland)
12.5 ElringKlinger AG (Germany)
12.6 Federal-Mogul Corporation (US)
12.7 Henkel AG & Company
12.8 KGaA (Germany)
12.9 Kitagawa Europe (Japan)
12.10 Autoneum (Switzerland)
12.11 Progress-WerkOberkirch AG (Germany)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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