Global Automotive Thermostat Market, By Type (Traditional Thermostats, Map Controlled Thermostats,

Published Date: | Report Code : AT1921505

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The global demand for vehicles and products from the automotive industry has been directly driving the automotive thermostat market and this market is anticipated to grow during the forecast period. Automotive thermostat is a system used to heat up the engine swiftly and then maintaining it at a steady temperature, which is achieved by controlling and regulating the measure of coolant that goes into the thermostat.

Furthermore, the demand for e-mobility and hybrid electric vehicles has witnessed significant growth, which is expected to create boost the growth of the automotive thermostat market during the forecast period.

Key Factors Impacting Market Growth:

  • Increasing demand for passenger and commercial vehicles
  • Innovations such as engine thermal management and reduced tailpipe emissions to hamper sales revenue
  • Demand for high performance, versatility, and environment-friendly vehicles

Regional Analysis: 

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the automotive thermostat market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with a number of global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the automotive thermostat market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the automotive thermostat market in the region. 

Asia Pacific is estimated to be the fastest-growing region for the automotive thermostat market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the automotive thermostat market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: 

Mahle, Stant, Borgwarner, Hella, Kirpart, Vernet, TAMA, Nippon Thermostat, Gates, BG Automotive, Fishman TT, Magal, Temb, Ningbo Xingci Thermal,  Dongfeng-Fuji-Thomson, and Wantai Auto Electric

Market Segmentation:

By Type:

  • Traditional Thermostats
  • Map Controlled Thermostats
  • Housed Thermostats

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)
  • Hybrid

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Design:

  • Single Valve
  • Dual Valve

By Region:

  • North America
    • By Country (US, Canada, Mexico, Rest of North America)
    • By Type
    • By Vehicle Type
    • By Sales Channel
    • By Design
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Vehicle Type
    • By Sales Channel
    • By Design
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Vehicle Type
    • By Sales Channel
    • By Design
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Vehicle Type
    • By Sales Channel
    • By Design
  • Rest of the World
    • By Region (South America, Middle East, Africa)
    • By Type
    • By Vehicle Type
    • By Sales Channel
    • By Design

Reasons To Buy This Report:

  • Market size estimation of the automotive thermostat market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

 

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