North America Automotive Heat Shield Market is expected to expand at a CAGR of 3.6% from 2021 to 2028
North America Automotive Heat Shield Industry Overview The North America automotive heat shield market size was valued at USD 1.9 billion in 2020 and is expected to grow at a compounded annual growth rate (CAGR) of 3.6% from 2021 to 2028. The demand for automotive heat shields in North America is projected to grow over the forecast period owing to faster adoption of electric vehicles requiring heat shields for heat management and improving vehicle performance. The market was impacted during the initial lockdown in the region, as COVID-19 protocols led to disruption in the supply chain of components, resulting in delays in development & testing of vehicles. In 2020, the vehicle miles traveled declined to 2.8 billion in the U.S., which was due to the COVID-19 travel restrictions and lockdowns imposed across the country. However, post-pandemic trend of automotive movement is expected to return to normalcy leading to an increase in vehicle miles trave...