Global Automotive Thermal System Market (2020 to 2025) - Industry Trends, Share, Size, Growth, Opportunity and Forecast - ResearchAndMarkets.com

30 December 2020

The "Automotive Thermal System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The global automotive thermal system market grew at a CAGR of around 8% during 2014-2019. Looking forward, the publisher expects the global automotive thermal system market to continue its moderate growth during the next five years.

An automotive thermal system helps to maintain and regulate the desired temperature level of different vehicle components, such as the motor, battery and cabinet area. It reduces temperature fluctuations, increases efficiency and prevents breakdown. It also reduces fuel consumption and improves powertrain efficacy, which aids in lowering carbon emissions. Consequently, it is extensively utilized in the manufacturing of heavy vehicles used in the construction and transportation sectors. At present, the escalating demand for vehicle electrification is increasing the utilization of these systems to enhance user comfort without impacting vehicle range and keeping battery temperature at ideal operating conditions.

The increasing need for reducing carbon emissions produced by internal combustion engines (ICEs) in automobiles, along with the stringent emission regulations imposed by governing agencies of several countries, represents one of the key factors impelling the market growth. Apart from this, the rising utilization of advanced heating, ventilation and air conditioning (HVAC) systems that are environment-friendly and lightweight is bolstering the market growth. Moreover, the increasing sales of hybrid electric vehicles (HEVs), along with the integration of thermal sensors with automotive thermal systems that sense the temperature in real-time and provide necessary solutions to the user is further contributing to the market growth.

Furthermore, the rising number of construction activities is escalating the demand for heavy vehicles, which, in turn, is strengthening the market growth. However, the mass outbreak of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governments of several countries have disrupted the supply chains. The market is expected to experience growth once normalcy is regained.

Companies Mentioned

  • Borgwarner Inc.
  • Continental Aktiengesellschaft
  • DENSO Corporation
  • General Motors Company
  • Gentherm Incorporated
  • Grayson Automotive Services Limited
  • Lennox International Inc.
  • MAHLE GmbH
  • Modine Manufacturing Company Inc.
  • Visteon Corporation

Key Questions Answered in This Report:

  • How has the global automotive thermal system market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global automotive thermal system market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the vehicle type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global automotive thermal system market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Automotive Thermal System Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Component

6.1 Compressor

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 HVAC

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Powertrain Cooling

6.3.1 Market Trends

6.3.2 Market Forecast

6.4 Fluid Transport

6.4.1 Market Trends

6.4.2 Market Forecast

7 Market Breakup by Vehicle Type

7.1 Passenger Cars

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Light Commercial Vehicles

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 Heavy Commercial Vehicles

7.3.1 Market Trends

7.3.2 Market Forecast

7.4 Others

7.4.1 Market Trends

7.4.2 Market Forecast

8 Market Breakup by Region

8.1 North America

8.2 Asia Pacific

8.3 Europe

8.4 Latin America

8.5 Middle East and Africa

9 SWOT Analysis

10 Value Chain Analysis

11 Porters Five Forces Analysis

12 Price Analysis

13 Competitive Landscape

13.1 Market Structure

13.2 Key Players

13.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/9jcckb

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Source: businesswire.com