Automotive thermal system is concern with the management of liquid, temperature and air. It increases the comfort of the passengers by taking care of the temperature inside the vehicle. The main components of automotive thermal system are powertrain cooling, ventilation & AC, battery thermal management, power device cooling and waste heat recovery.
The rise in cost of the automotive thermal system is a major challenge restraining the growth of the market. Advanced and improved technology comes at a higher cost. Huge investment is required for research and development which in turn increases the cost of thermal systems, hence leading to increase in the price of automobiles. Increasing demand for thermal systems that run on alternative fuels such as bio-alcohols, liquid hydrogen, propane, P-Series fuels, and ethanol is a key opportunity for the growth of the market in the near future.
Global Automotive Thermal System market size will reach 82400 million US$ by 2025, from 45600 million US$ in 2018, at a CAGR of 7.7% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive Thermal System.
This industry study presents the global Automotive Thermal System market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automotive Thermal System production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Thermal System in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders General Motors Company, Denso Corporation, etc.
The following manufacturers are covered in this report:
General Motors Company
Magma International Inc.
Ford Motor Company
Delphi Automotive PLC
BorgWarener Automotive Powertrain Systems Corp
ZF Friedrichshafen AG
Hyundai Motor Company
Automotive Thermal System Breakdown Data by Type
Automotive Thermal System Breakdown Data by Application
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
Automotive Thermal System Production by Region
Automotive Thermal System Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Automotive Thermal System status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Automotive Thermal System manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Automotive Thermal System :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Thermal System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.