India automotive heat shield market is projected to grow at a significant CAGR during the forecast period (2020-2026). There are several pivotal factors that are driving growth of the automotive heat shield market in the country includes the relatively fast recovery in the automotive sector, post the outbreak of COVID-19 pandemic. In 2019, India has the fourth largest automotive industry across the globe. It is the fourth largest manufacturer of passenger cars and seventh largest manufacturer of commercial vehicles. Though, the outbreak of COVID-19 has significantly impacted the sales of automotive in India and has declined the demand for automotive equipment during the same period.
Browse the full report description of "India Automotive Heat Shield Market Size, Share & Trends Analysis Report by Type (Single Shell, Double Shell, and Sandwich), by Application (Engine Compartment, Exhaust Compartment, Turbocharger, and Others), by Vehicle Type (Passenger Vehicles and Commercial Vehicles) and Forecast 2020-2026" at https://www.omrglobal.com/industry-reports/india-automotive-heat-shield-market
After a considerable decline in the sales of automotive in India in April-May 2020, most of the automotive companies in the country have shown double-digit growth in September 2020 YoY basis, the highest in 2020. The increased demand is due to the rising preference to personal mobility during the pandemic. Besides, a slow opening of economies of tier 2 & 3 cities in India, re-development of supply chains, increased production rate of automotive with the increased labor availability has assisted to increase vehicle sales. This, in turn, is expected to upsurge the sales of the automotive heat shield in India in 2020 and subsequent years (considering the impact of COVID-19 pandemic on the industry).
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Product Type, by Application, and by
Vehicle Type |
|
Key Companies Profiled |
Dana Inc., Lydall Inc., ElringKlinger AG, Autoneum Holding AG, and
Talbros Automotive Components Ltd. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19 forecast
o Most affected country
o Recommendations
India Automotive Heat Shield Market – Segmentation
By Product Type
By Application
By Vehicle Type
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