Automotive Heat Shield Market is estimated to surpass the revenue of US$ 10.3 Bn by the end of 2030
Automotive Heat Shield Market: Introduction According to the report, the global automotive heat shield market is projected to surpass US$ 10.3 Bn by 2030, expanding at a CAGR of ~ 4% during the forecast period. The rise in the demand for lightweight vehicles due to the enactment of stringent emission norms is likely to boost the automotive heat shield market across the globe. The demand for sports utility vehicles and multiutility vehicles has been rising at a rapid pace. These vehicles are equipped with turbochargers and superchargers, owing to a large amount of heat generated due to their high power output and engine capacities. Furthermore, the expansion of these segments is likely to boost the automotive heat shield market at a significant pace during the forecast period. For instance, after a global slowdown in the automobile industry, several governments have reduced taxes on automobiles to encourage sale of vehicles. Rising safe...