US 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 rising adoption of plug-in electric vehicles, with the supportive government initiatives for the roll-out of electric vehicles.
Orion Market Research
US Automotive Heat Shield Market Share 2020: Trends,
Key Players, Industry Analysis and Report 2020-2026
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US 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 rising adoption of plug-in electric vehicles, with the supportive
government initiatives for the roll-out of electric vehicles. Though, the sales of diesel/petrol vehicles
have sharply declined in the past few years, the penetration has increased towards the electric vehicles.
The American federal government, state government, and local government are encouraging the sales
of electric vehicles in the US, owing to which, the deployment of automotive heat shield is expected to
increase during the forecast period.
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A
full
report
of
US
Automotive
Heat
Shield
Market
is
available
at:
https://www.omrglobal.com/industry-reports/us-automotive-heat-shield-market
According to the USAFacts, the plug-in electric cars were introduced in the US in 2010 and more than 1.4
million plug-in electric cars are sold in the country till 2019. There were around 45 models of plu-in
electric cars were sold in 2019 among which, Tesla Model 3 was the most popular electric vehicle sold in
2019. The Toyota Prius plug-in electric vehicle is expected to capture the next dominant position in the
electric vehicle segment in 2019, capturing 7.0% of plug-in electric sales. These vehicles account for
around 1.0% of all 146 million new light-duty