North America Automotive Heat Shield Market Outlook - Industry Statistics Analysis By 2026.

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North America Automotive Heat Shield Market To
Witness Accelerated Growth by 2026
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North America Automotive Heat Shield Market is
Projected to Record CAGR of 3.3 by 2026. High
sales of luxury vehicles and stringent
regulations placed by the authorities will expand
North America automotive heatshield market size
over the coming years. When a vehicle generates
excess heat and its systems are unable to control
the same, then the automobile begins to
underperform and ends up using excess fuel. The
excessive heat and fuel emissions are quite
harmful for the environment, leading to increased
production and installation of heatshields in
vehicles. Electric vehicles are gaining
popularity across North America and this has
increased the production of lithium-ion
batteries. These batteries are known to generate
a lot of heat and if the heat management system
of electric vehicles is not proper, then the
battery lifespan reduces to a great extent. This
factor will drive the production of automotive
heatshields in the region. Reputed automotive
heatshield manufacturers in North America like AK
Steel Corporation, Dana Incorporated, Tenneco
Inc, UGN Inc., and Polymer Technologies Inc.,
among a few others are making use of innovative
materials and technologies to enhance the
performance of their product in vehicles.
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• With North America automotive heatshield market
  share estimated to be worth almost 440 million
  by 2026, the regional industry size from
  passenger cars is estimated to expand at 3.7
  CAGR up to the mentioned timeline. Growing
  awareness about the importance of buying fuel
  efficient vehicles has driven the demand for
  electric vehicles in the region. PV manufacturers
  enjoy several benefits from the regional
  governments like tax relief and faster processing
  of loans to set up manufacturing plants. Electric
  vehicles are now being commercially sold across
  the region, thereby fostering heatshield
  application scope.
• North America automotive heatshield market size
  from aluminum material will witness a CAGR of
  3.5 through 2026. Regional governments are
  introducing stringent rules with regards to
  emission rates from the automotive sector,
  prompting heatshield manufacturers to go for
  materials like aluminum as it is lightweight in
  nature. The material is highly resistant to
  corrosion, which makes it ideal for making
  automotive components.
• The regional automotive heatshield industry size
  from engine application will record 3 CAGR
  through 2026. The most important part of any
  automotive is its engine. However, this component
  faces the most damage when exposed to extreme
  heat conditions. Keeping this in mind, the
  automakers across North America are using
  different kinds of materials and are continuously
  implementing innovative technologies to protect
  the engines from heat damage. The regional
  automotive sector is going through technological
  advancements, thereby boosting the demand for
  high-performing heatshields.

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Segments of Europe Hosted PBX Market

• North America Market, By Material
• Aluminum
• Stainless steel
• Aluminized steel
• North America Market, By Application
• Underbody heat shield
• Engine
• Tank heat shield
• Catalytic converter
• Exhaust manifold
• Starter motor
• Turbo charger
• Others

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