The automotive thermal system regulates and monitors the working temperature of several automobile components such as the battery, motor, cabinet area, and others, preventing breakdown and increasing their efficiency. Additionally, the automotive thermal system maintains the desired temperature level in automobile, thus enhancing user comfort level. The major buyers of the market include manufacturers of heavy vehicles that are used in transportation and construction.
MARKET DYNAMICS
The increase in usage of advanced HVAC systems in automobiles and the rise in the propensity to spend on developing economies are some of the significant factors driving the growth of the automotive thermal system market. However, the high cost of thermal systems is the major factor that may restrain the growth of the automotive thermal system market. The technological advancements and growth in demand for automotive thermal systems are anticipated to boost the growth of the automotive thermal system market.
MARKET SCOPE
The "Global Automotive Thermal System Market Analysis to 2028" is a specialized and in-depth study of the automotive thermal system market with a special focus on the global market trend analysis. The report aims to provide an overview of automotive thermal system market with detailed market segmentation by vehicle type, technology, components, application. The global automotive thermal system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive thermal system market players and offers key trends and opportunities in the automotive thermal system market.
MARKET SEGMENTATION
The global automotive thermal system market is segmented on the basis of vehicle type, technology, components, application. On the basis of vehicle type, the market is segmented as passenger cars, LCV, Truck, Bus, HEV, BEV. On the basis of technology, the market is segmented as active transmission warm up, exhaust gas recirculation, engine thermal mass reduction, reduced HVAC system loading, other technologies. On the basis of component, the market is segmented as air filter, condenser, compressor, water-pump, motor, heat exchanger, others. On the basis of application, the market is segmented as battery thermal system, transmission system, engine cooling, front air conditioning, motor thermal system, power electronics, rear air conditioning, heated/ventilated seats, heated steering, waste heat recovery.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive thermal system market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive thermal system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive thermal system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive thermal system market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive thermal system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive thermal system market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive thermal system market. Below mentioned is the list of few companies engaged in the automotive thermal system market.
The report also includes the profiles of key automotive thermal system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- DENSO CORPORATION
- BorgWarner Inc
- Dana Limited
- GENTHERM
- Hanon Systems
- Johnson Electric Holdings Limited
- MAHLE GmbH
- Robert Bosch GmbH
- Schaeffler Group
- Valeo
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