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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 55.67 billion | 3.8% | Asia Pacific |
| By Component | By Vehicle Type | By Application |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Automotive Thermal Management Market Overview
The automotive thermal system market size was valued at USD 39.8 billion in 2020 and is projected to reach USD 55.67 billion by 2029, growing at a CAGR of 3.8% from 2022 to 2029.
The automotive thermal system plays a pivotal role in monitoring and regulating the temperature of essential vehicle components, ensuring optimal performance, fuel efficiency, and passenger comfort. It oversees the temperature of various elements like the motor, battery, and cabin, enhancing vehicle functionality while providing occupants with a comfortable environment. Effective thermal management allows these components to operate within their ideal temperature range while also delivering added comfort through features like seat heating and front and rear air conditioning.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) |
| Segmentation | By Component, By Vehicle Type, By Application, By Region
|
| By Component |
|
| By Vehicle Type |
|
| By Application |
|
| By Region |
|
The global automotive thermal system market is propelled by increasing demand for luxury vehicles equipped with advanced features and comfort amenities, alongside the enforcement of strict emission standards and the incorporation of intelligent thermal management solutions in vehicles. However, challenges such as the high costs associated with automotive thermal systems and the absence of uniform standards due to differing emission regulations hinder market growth. Conversely, opportunities arise from the growing demand for electric vehicles, the introduction of lightweight HVAC solutions and eco-friendly refrigerants, and ongoing technological advancements expected to unfold during the forecast period.
In the past 4-5 years, electric vehicles have witnessed remarkable adoption rates in key markets like China, the US, and European countries. Original Equipment Manufacturers (OEMs) are continuously striving to develop efficient, cost-effective, long-range battery-powered passenger vehicles. Thermal systems designed for batteries, traction motors, power electronic modules, as well as auxiliary loads such as cabin climate control and other electric components, emerge as critical factors in enhancing performance, extending driving range, and prolonging vehicle lifespan.
Automotive Thermal Management Market Segment Analysis
The global market for automotive thermal systems is classified into four categories: component, vehicle type, application, and region. Based on component, the market is further categorised into compressors, HVAC, powertrain cooling, and fluid transfer. The compressor segment is predicted to have the biggest market share, and this dominance is expected to continue throughout the forecast period. One of the primary factors driving the market’s growth is the rising use of compressors in A/C systems to absorb the warm air within the vehicle’s cabin.
The market is divided into passenger automobiles and commercial vehicles based on vehicle type. The passenger cars segment held the greatest market share, and it is likely to continue to dominate the market with a steady CAGR during the forecast period. The market is predicted to rise because to factors such as growing demand for heated/ ventilated seats, rear and front A/C, and heated steering in passenger vehicles, as well as rising passenger vehicle sales in the APAC region.
The market is divided into front and rear air conditioning, engine and transmission, seat, steering, battery, motor, power electronics, and waste heat recovery based on application. The waste heat recovery category had the biggest market share, and it is predicted to develop at a fast rate. Increased sales of commercial vehicles, as well as the standardisation of exhaust gas recirculation (EGR) and turbochargers, as well as the implementation of waste heat recovery technology in gasoline vehicles due to increased emission norms, are some of the major factors driving the market’s growth.
Automotive Thermal Management Market Players
Key players in the market include Gentherm Inc, Mahle GmbH, Denso Corporation, Behr GmbH & Co. KG, Valeo, Grayson Thermal Systems, Sanden Corp., United Technologies Corporation, Diakin Industries Ltd, Visteon Corp, Calsonic Kansei Corp, Modine Manufacturing Co., and Lennox International. Inc.
- Gentherm Inc is a leader in thermal technology that designs, develop, and manufacture heating, cooling, and ventilating devices for diverse global markets.
- Mahle GmbH (Mahle) is an engine systems and components manufacturing company. The company supplies piston systems, cylinder components, and other components. It offers products in the area of engine system, filtration, thermal management, and electrics/mechatronics.
- Behr GmbH & Co. KG is a German corporation active in the automobile industry, headquartered in Stuttgart-Feuerbach. It is a specialist for automotive air conditioning and engine cooling systems.
Who Should Buy? Or Key Stakeholders
- Automotive Industry
- Mechanical Sector
- Electrical Industry
- Scientific Research and Development
- Investors
- Manufacturing companies
- End user companies
- Others
Key Takeaways:
- The automotive thermal system market is projected to be growing at a CAGR of 3.8%.
- Based on components, compressor segment is predicted to have the biggest market share.
- Based on vehicle type The passenger cars segment held the greatest market share.
- Based on application the waste heat recovery category had the biggest market share, and it is predicted to develop at a fast rate.
- Asia Pacific was the largest market for automotive thermal systems.
- Integration of advanced materials for improved thermal conductivity and lightweighting in automotive thermal management systems.
Automotive Thermal Management Market Regional Analysis
The global automotive thermal system market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
Asia Pacific was the largest market for automotive thermal systems, followed by Europe. The demand for construction vehicles has increased as a result of developments in the infrastructure sector. Furthermore, rising disposable income in Asia-Pacific fueled demand for autos, which is likely to stimulate demand for thermal systems. The major contributor to the growth of the automotive thermal system market has been Asia-Pacific. In this region, Japan dominates the premium car segment. Furthermore, the increasing middle class in India and China, as well as the green revolution in the automobile industry, are boosting the Asia-Pacific automotive thermal system market.
 Key Market Segments: Automotive Thermal System Market
Automotive Thermal System Market by Component, 2020-2029, (USD Million)
- Compressor
- HVAC
- Powertrain Cooling
- Fluid Transport
Automotive Thermal System Market by Vehicle Type, 2020-2029, (USD Million)
- Passenger Vehicles
- Commercial Vehicles
Automotive Thermal System Market by Application, 2020-2029, (USD Million)
- Front & Rear A/C
- Engine And Transmission
- Seat
- Battery
- Motor
- Waste Heat Recovery
- Power Electronics
Automotive Thermal System Market by Region, 2020-2029, (USD Million)
- North America
- Europe
- Asia Pacific
- South America
- Middle East And Africa
Important countries in all regions are covered.
Key Question Answered
- What are the growth opportunities related to the adoption of automotive thermal system across major regions in the future?
- What are the new trends and advancements in the automotive thermal system market?
- Which product categories are expected to have highest growth rate in the automotive thermal system market?
- Which are the key factors driving the automotive thermal system market?
- What will the market growth rate, growth momentum or acceleration the market carries during the forecast period?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global Automotive Thermal System Market Outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 On Global Automotive Thermal System Market
- Global Automotive Thermal System Market Outlook
- Global Automotive Thermal System Market by Component, (USD Million)
- Compressor
- HVAC
- Powertrain Cooling
- Fluid Transport
- Global Automotive Thermal System Market by Vehicle Type, (USD Million)
- Passenger Vehicles
- Commercial Vehicles
- Global Automotive Thermal System Market by Application, (USD Million)
- Front & Rear A/C
- Engine And Transmission
- Seat
- Battery
- Motor
- Waste Heat Recovery
- Power Electronics
- Global Automotive Thermal System Market by Region, (USD Million)
- Introduction
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- South-East Asia
- Rest of Asia-Pacific
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)
-
- Gentherm Inc
- Mahle GmbH
- Denso Corporation
- Behr GmbH & Co. KG
- Valeo
- Grayson Thermal Systems
- Sanden Corp.
- United Technologies Corporation
- Diakin Industries Ltd
- Visteon Corp
- Calsonic Kansei Corp
- Modine Manufacturing Co.
- Others
*The Company List Is Indicative
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LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â GLOBAL AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â GLOBAL AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â GLOBAL AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â GLOBAL AUTOMOTIVE THERMAL SYSTEM MARKET BY REGION (USD MILLIONS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â US AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â US AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â US AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â CANADA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â CANADA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 10Â Â Â Â Â Â CANADA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 11Â Â Â Â Â Â MEXICO AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 12Â Â Â Â Â Â MEXICO AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 13Â Â Â Â Â Â MEXICO AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 14Â Â Â Â Â Â BRAZIL AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 15Â Â Â Â Â Â BRAZIL AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 16Â Â Â Â Â Â BRAZIL AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 17Â Â Â Â Â Â ARGENTINA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 18Â Â Â Â Â Â ARGENTINA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 19Â Â Â Â Â Â ARGENTINA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 20Â Â Â Â Â Â COLOMBIA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 21Â Â Â Â Â Â COLOMBIA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 22Â Â Â Â Â Â COLOMBIA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 23Â Â Â Â Â Â REST OF SOUTH AMERICA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 24Â Â Â Â Â Â REST OF SOUTH AMERICA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 25Â Â Â Â Â Â REST OF SOUTH AMERICA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 26Â Â Â Â Â Â INDIA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 27Â Â Â Â Â Â INDIA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 28Â Â Â Â Â Â INDIA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 29Â Â Â Â Â Â CHINA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 30Â Â Â Â Â Â CHINA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 31Â Â Â Â Â Â CHINA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 32Â Â Â Â Â Â JAPAN AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 33Â Â Â Â Â Â JAPAN AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 34Â Â Â Â Â Â JAPAN AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 35Â Â Â Â Â Â SOUTH KOREA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 36Â Â Â Â Â Â SOUTH KOREA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 37Â Â Â Â Â Â SOUTH KOREA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 38Â Â Â Â Â Â AUSTRALIA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 39Â Â Â Â Â Â AUSTRALIA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 40Â Â Â Â Â Â AUSTRALIA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 41Â Â Â Â Â Â SOUTH-EAST ASIA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 42Â Â Â Â Â Â SOUTH-EAST ASIA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 43Â Â Â Â Â Â SOUTH-EAST ASIA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 44Â Â Â Â Â Â REST OF ASIA PACIFIC AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 45Â Â Â Â Â Â REST OF ASIA PACIFIC AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 46Â Â Â Â Â Â REST OF ASIA PACIFIC AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 47Â Â Â Â Â Â GERMANY AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 48Â Â Â Â Â Â GERMANY AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 49Â Â Â Â Â Â GERMANY AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 50Â Â Â Â Â Â UK AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 51Â Â Â Â Â Â UK AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 52Â Â Â Â Â Â UK AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 53Â Â Â Â Â Â FRANCE AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 54Â Â Â Â Â Â FRANCE AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 55Â Â Â Â Â Â FRANCE AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 56Â Â Â Â Â Â ITALY AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 57Â Â Â Â Â Â ITALY AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 58Â Â Â Â Â Â ITALY AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 59Â Â Â Â Â Â SPAIN AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 60Â Â Â Â Â Â SPAIN AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 61Â Â Â Â Â Â SPAIN AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 62Â Â Â Â Â Â RUSSIA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 63Â Â Â Â Â Â RUSSIA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 64Â Â Â Â Â Â RUSSIA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 65Â Â Â Â Â Â REST OF EUROPE AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 66Â Â Â Â Â Â REST OF EUROPE AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 67Â Â Â Â Â Â REST OF EUROPE AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 68Â Â Â Â Â Â UAE AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 69Â Â Â Â Â Â UAE AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 70Â Â Â Â Â Â UAE AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 71Â Â Â Â Â Â SAUDI ARABIA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 72Â Â Â Â Â Â SAUDI ARABIA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 73Â Â Â Â Â Â SAUDI ARABIA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 74Â Â Â Â Â Â SOUTH AFRICA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 75Â Â Â Â Â Â SOUTH AFRICA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 76Â Â Â Â Â Â SOUTH AFRICA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 77Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA AUTOMOTIVE THERMAL SYSTEM MARKET BY COMPONENT (USD MILLIONS) 2020-2029
TABLE 78Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA AUTOMOTIVE THERMAL SYSTEM MARKET BY VEHICLE TYPE (USD MILLIONS) 2020-2029
TABLE 79Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA AUTOMOTIVE THERMAL SYSTEM MARKET BY APPLICATION (USD MILLIONS) 2020-2029
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Â
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â GLOBAL AUTOMOTIVE THERMAL SYSTEM MARKETBY COMPONENT, USD MILLION, 2020-2029
FIGURE 10Â Â Â GLOBAL AUTOMOTIVE THERMAL SYSTEM MARKETBY VEHICLE TYPE, USD MILLION, 2020-2029
FIGURE 11Â Â Â GLOBAL AUTOMOTIVE THERMAL SYSTEM MARKETBY APPLICATION, USD MILLION, 2020-2029
FIGURE 12Â Â Â GLOBAL AUTOMOTIVE THERMAL SYSTEM MARKETBY REGION, USD MILLION, 2020-2029
FIGURE 13   PORTER’S FIVE FORCES MODEL
FIGURE 14Â Â Â GLOBAL AUTOMOTIVE THERMAL SYSTEM MARKETBY COMPONENT, 2020
FIGURE 15Â Â Â GLOBAL AUTOMOTIVE THERMAL SYSTEM MARKETBY VEHICLE TYPE 2020
FIGURE 16Â Â Â GLOBAL AUTOMOTIVE THERMAL SYSTEM MARKETBY APPLICATION 2020
FIGURE 17Â Â Â AUTOMOTIVE THERMAL SYSTEM MARKETBY REGION 2020
FIGURE 18Â Â Â MARKET SHARE ANALYSIS
FIGURE 19Â Â Â GENTHERM INC: COMPANY SNAPSHOT
FIGURE 20Â Â Â MAHLE GMBH: COMPANY SNAPSHOT
FIGURE 21Â Â Â DENSO CORPORATION: COMPANY SNAPSHOT
FIGURE 22Â Â Â BEHR GMBH & CO. KG: COMPANY SNAPSHOT
FIGURE 23Â Â Â VALEO: COMPANY SNAPSHOT
FIGURE 24Â Â Â GRAYSON THERMAL SYSTEMS: COMPANY SNAPSHOT
FIGURE 25Â Â Â SANDEN CORP.: COMPANY SNAPSHOT
FIGURE 26Â Â Â UNITED TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
FIGURE 27Â Â Â DIAKIN INDUSTRIES LTD: COMPANY SNAPSHOT
FIGURE 28Â Â Â VISTEON CORP: COMPANY SNAPSHOT
FAQ
The automotive thermal system market size had crossed USD 39.8 billion in 2020 and will observe a CAGR of more than 3.8% up to 55.67 billion in 2029 driven due to severe emission regulations, growing demand for front and rear air conditioning, heated steering, and the use of turbochargers in commercial vehicles.
Asia Pacific held more than 41% of the automotive thermal system market revenue share in 2021 as the demand for construction vehicles has increased as a result of developments in the infrastructure sector.
The upcoming trends in the automotive thermal system market is the adoption of rigorous pollution rules and the integration of smart thermal management technologies into vehicles.
The global automotive thermal system market registered a CAGR of 3.8% from 2022 to 2029. Passenger cars segment held the greatest market share because of factors such as growing demand for heated/ ventilated seats.
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