Automotive Thermal Management Market by Application (Front & Rear A/C, Engine, Transmission, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery), Technology, Vehicle Type (ICE, BEV, HEV, PHEV, and FCEV), and Region - Global Forecast to 2025
By: marketsandmarkets.com
Publishing Date: May 2018
Report Code: AT 6301
[197 Pages Report] The automotive thermal management market was valued at USD 50.83 Billion in 2017 and is projected to grow at a CAGR of 3.32%, during the forecast period, and reach USD 66.10 Billion by 2025.
The automotive thermal management market is projected to grow owing to key factors such as rising demand for passenger comfort and luxury, increased demand for fuel efficiency, decreased emission limits, and increase in vehicle production.
Years considered for this report:
- 2017: Base Year
- 2018: Estimated Year
- 20182025: Forecast Period
Objectives of the study:
- To define, describe, and forecast the global automotive thermal management market on the basis of vehicle type, technology, application, and region
- To forecast the market size, by volume and value, of the automotive thermal managements market for ICE vehicles with respect to application
- To forecast the country-level market size, by volume and value, of the automotive thermal management market for electric & hybrid vehicles in terms of application
- To forecast the market size, by volume, of the automotive thermal managements market for ICE vehicles with respect to technology
- To forecast the market size, by volume and value, of the automotive thermal management market for electric and hybrid vehicles with respect to vehicle type
- To forecast the market size, by volume and value, of the automotive thermal managements market for ICE vehicles with respect to vehicle type
- To forecast the market size, by volume and value, of the automotive thermal management market with respect to 4 main regions (along with key countries), namely, Asia Oceania, EMEA, North America, and South America)
- To provide detailed information about major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and R&D in the automotive thermal management market
The research methodology used in the report involves various secondary sources, including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive thermal management market. Extensive country-level model mapping was carried out to capture the installation of applications such as heated/ventilated seats, heated steering, and rear air conditioning in front and rear of the vehicles. Model mapping was carried out by considering all the vehicle segments passenger cars, LCVs, trucks, buses, and electric & hybrid vehicles. For deriving the market size in terms of volume, the penetration number of applications was multiplied by the production number of specific countries. For country-level value market, the volume was multiplied by the average OE price of a single application. Adding the market sizes of each country of that particular region gave the regional market size. Further, summation of regional markets gave the global market size. The top-down approach was used for arriving at the by technology market size. The global numbers were divided into regional numbers by considering all the regional trends. Dealers and distributors of automotive thermal systems and technology suppliers are contacted for reference.
The figure given below shows the breakup of the profile of industry experts who participated in primary discussions.
To know about the assumptions considered for the study, download the pdf brochure
The ecosystem of the automotive thermal management market consists of manufacturers and Tier 1 suppliers such as Denso (Japan), Gentherm (US), MAHLE (Germany), Valeo (France), BorgWarner (US), Dana (US), Calsonic Kansei (Japan), Eberspδcher (Germany), Continental (Germany), and Schaeffler (Germany).
Automotive Thermal Management Market Target Audience
- Manufacturers of automotive thermal management systems
- Thermal system component manufacturers
- Thermal system component raw material suppliers
- Dealers and distributors of automotive thermal systems
- Industry associations
- Vehicle manufacturers/OEMs
- Automobile industry as end-user
- Government agencies
- Compliance regulatory authorities
The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 25 years (depends on the range of the forecast period) for prioritizing their efforts and investments.
Scope of the Report
- Automotive Thermal Management Market (ICE), By Application
- Engine cooling
- Front air conditioning
- Rear air conditioning
- Transmission system
- Heated/ventilated seats
- Heated steering
- Waste heat recovery
- Automotive Thermal Management Market (ICE), By Technology
- Active transmission warmup
- Exhaust Gas Recirculation (EGR)
- Engine thermal mass reduction
- Reduced HVAC system loading
- Other technologies
- Automotive Thermal Management Market (ICE), By Vehicle Type
- Passenger car
- Light Commercial Vehicle (LCV)
- Truck
- Bus
- Electric & Hybrid Vehicle Thermal Management Market, By Application
- Battery thermal management
- Transmission system
- Engine cooling
- Front air conditioning
- Motor thermal management
- Power electronics
- Rear air conditioning
- Heated/ventilated seats
- Heated steering
- Waste heat recovery
- Electric & Hybrid Vehicle Thermal Management Market, By Vehicle Type
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
- Mild Hybrid (48 V) Vehicle
- Automotive Thermal Management Market (ICE), By Region
- Asia Oceania
- China
- Japan
- India
- South Korea
- Rest Of Asia Oceania
- Europe, Middle East & Africa (EMEA)
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Turkey
- Rest Of Emea
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest Of South America
- Asia Oceania
Available Customizations
With the given market data, MarketsandMarkets can provide market data for below categories:
- Automotive Thermal Management Market, By Component (ICE and Electric & Hybrid Vehicle)
- Air Filter
- Battery
- Condenser
- Electric Fan
- Electric Compressor
- Electric Water Pump
- Electric Motor
- Heat Exchanger
- Heater Control
- Radiator
- Thermo Electric Generator
- Vent
- Electric & Hybrid Vehicle Thermal Management Market, By Application (Country Level)
- Front Air Conditioning
- Rear Air conditioning
- Transmission System
- Waste heat Recovery
- Heated/Ventilated Seats
- Heated Steering
- Motor Thermal Management
- Power Electronics
- Battery Thermal Management
- Automotive Thermal Management Market, By Technology (Regional Level)
- Active Grille Shutters
- Selective Catalytic Reduction (SCR)
- Powertrain Preconditioning
- Variable engine oil pump
Table of Contents
1 Introduction (Page No. - 18)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Package Size
1.7 Stakeholders
2 Research Methodology (Page No. - 22)
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources for Vehicle Production
2.2.2 Key Secondary Sources for Market Sizing
2.2.3 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Market Breakdown & Data Triangulation
2.6 General Assumptions
2.7 Assumptions
3 Executive Summary (Page No. - 32)
4 Premium Insights (Page No. - 39)
4.1 Global Automotive Thermal Management Market
4.2 Automotive Thermal Managements Market, By Region
4.3 Automotive Thermal Managements Market (ICE), By Application
4.4 Automotive Thermal Managements Market (ICE), By Vehicle Type
4.5 Automotive Thermal Managements Market (ICE), By Technology
4.6 Electric & Hybrid Vehicle Thermal Management Market, By Application
4.7 Electric & Hybrid Vehicle Thermal Management Market, By Vehicle Type
5 Market Overview (Page No. - 46)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Stringency in Emission Regulation to Upsurge the Fuel Economy, Enhancing the Thermal Management Application
5.2.1.2 Increasing Demand for Comfort Features and Need for Power Extension to Uplift the Thermal Management Market
5.2.2 Restraints
5.2.2.1 High Cost of Thermal System Technology to Hinder the Market Growth
5.2.3 Opportunities
5.2.3.1 Advancement in Mobility Solutions to Foster the Thermal Management Growth
5.2.3.2 Regulations for Drivers Comfort to Boost the Thermal Management Market
5.2.4 Challenges
5.2.4.1 Lack of Standardization is A Major Challenge for Manufacturers
5.2.4.2 Low Adoption of Thermal Systems in Developing Countries to Hinder the Market Growth
6 Thermal Management Market (ICE), By Application (Page No. - 56)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, EMEA, North America, and South America
6.1 Introduction
6.2 Engine Cooling
6.3 Front Air Conditioning
6.4 Rear Air Conditioning
6.5 Transmission System
6.6 Heated/Ventilated Seats
6.7 Heated Steering
6.8 Waste Heat Recovery
7 Automotive Thermal Management Market (ICE), By Technology (Page No. - 67)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, EMEA, North America, and South America
7.1 Introduction
7.2 Active Transmission Warmup
7.3 Exhaust Gas Recirculation (EGR)
7.4 Engine Thermal Mass Reduction
7.5 Reduced HVAC System Loading
7.6 Other Technologies
8 Automotive Thermal Management Market (ICE), By Vehicle Type (Page No. - 73)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, EMEA, North America, and South America
8.1 Introduction
8.2 Passenger Car
8.3 Light Commercial Vehicle (LCV)
8.4 Truck
8.5 Bus
9 Electric & Hybrid Vehicle Thermal Management Market, By Application (Page No. - 81)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, EMEA, North America, and South America
9.1 Introduction
9.2 Battery Thermal Management
9.3 Transmission System
9.4 Engine Cooling
9.5 Front Air Conditioning
9.6 Motor Thermal Management
9.7 Power Electronics
9.8 Rear Air Conditioning
9.9 Heated/Ventilated Seats
9.10 Heated Steering
9.11 Waste Heat Recovery
10 Electric & Hybrid Vehicle Thermal Management Market, By Vehicle Type (Page No. - 95)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
10.1 Introduction
10.2 Battery Electric Vehicle (BEV)
10.3 Hybrid Electric Vehicle (HEV)
10.4 Plug-In Hybrid Electric Vehicle (PHEV)
10.5 Fuel Cell Electric Vehicle (FCEV)
10.6 Mild Hybrid (48 V) Vehicle
11 Automotive Thermal Management Market (ICE), By Region (Page No. - 106)
Note - The Chapter is Further Segmented By Application Front A/C, Engine Cooling, Transmission System, Rear A/C, Heated/Ventilated Seats, Heated Steering, and Waste Heat Recovery
11.1 Introduction
11.2 Asia Oceania
11.2.1 China
11.2.2 Japan
11.2.3 India
11.2.4 South Korea
11.2.5 Rest of Asia Oceania
11.3 Europe, Middle East & Africa (EMEA)
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Spain
11.3.6 Russia
11.3.7 Turkey
11.3.8 Rest of EMEA
11.4 North America
11.4.1 US
11.4.2 Canada
11.4.3 Mexico
11.5 South America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Rest of South America
12 Competitive Landscape (Page No. - 138)
12.1 Introduction
12.2 Automotive Thermal Management Market: Market Share Analysis
12.3 Competitive Situations & Trends
12.3.1 New Product Development
12.3.2 Expansion
12.3.3 Supply Contracts
12.3.4 Acquisition
12.3.5 Partnership/Collaboration
13 Company Profiles (Page No. - 148)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 Denso
13.2 Gentherm
13.3 MAHLE
13.4 Valeo
13.5 Borgwarner
13.6 Dana
13.7 Calsonic Kansei
13.8 Eberspδcher
13.9 Continental
13.10 Schaeffler
13.11 Additional Company Profiles
13.11.1 North America
13.11.1.1 Dupont
13.11.1.2 Captherm
13.11.2 EMEA
13.11.2.1 Voss
13.11.2.2 Bosch
13.11.2.3 Hella
13.11.2.4 Grayson Thermal Systems
13.11.3 Asia Oceania
13.11.3.1 Hanon Systems
13.11.3.2 LG Chem
13.11.3.3 Johnson Electric
13.11.3.4 Smiths
13.11.4 South America
13.11.4.1 Pecval
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 186)
14.1 Key Industry Insights
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets Subscription Portal
14.4 Introducing RT: Real Time Market Intelligence
14.5 Available Customizations
14.5.1 Automotive Thermal Management Market, By Component (ICE and Electric & Hybrid Vehicle)
14.5.1.1 Air Filter
14.5.1.2 Battery
14.5.1.3 Condenser
14.5.1.4 Electric Fan
14.5.1.5 Electric Compressor
14.5.1.6 Electric Water Pump
14.5.1.7 Electric Motor
14.5.1.8 Heat Exchanger
14.5.1.9 Heater Control
14.5.1.10 Radiator
14.5.1.11 Thermo Electric Generator
14.5.1.12 Vent
14.5.2 Electric & Hybrid Vehicle Thermal Management Market, By Application (Country Level)
14.5.2.1 Front Air Conditioning
14.5.2.2 Rear Air Conditioning
14.5.2.3 Transmission System
14.5.2.4 Waste Heat Recovery
14.5.2.5 Heated/Ventilated Seats
14.5.2.6 Heated Steering
14.5.2.7 Motor Thermal Management
14.5.2.8 Power Electronics
14.5.2.9 Battery Thermal Management
14.5.3 Automotive Thermal Management Market, By Technology (Regional Level)
14.5.3.1 Active Grille Shutters
14.5.3.2 Selective Catalytic Reduction (SCR)
14.5.3.3 Powertrain Pre-Conditioning
14.5.3.4 Variable Engine Oil Pump
14.6 Related Reports
14.7 Author Details
List of Tables (128 Tables)
Table 1 Currency Exchange Rates (W.R.T. USD)
Table 2 Advance Thermal Management Technology Offered By Key Oems
Table 3 Key Vehicle Models Sales Provided With Thermal Seat Technology
Table 4 Economic Comparison of Over 60 Thermal Management Technologies: Value vs Cost of Co2 Reduction
Table 5 Adoption Rate of Thermal Management System in Passenger Cars, By Key Countries
Table 6 Automotive Thermal Management Market (ICE), By Application, 20162025 (000 Units)
Table 7 Automotive Thermal Managements Market (ICE), By Application, 20162025 (USD Million)
Table 8 Engine Cooling: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 9 Engine Cooling: Market, By Region, 20162025 (USD Million)
Table 10 Front Air Conditioning: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 11 Front Air Conditioning: Market, By Region, 20162025 (USD Million)
Table 12 Rear Air Conditioning: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 13 Rear Air Conditioning: Market, By Region, 20162025 (USD Million)
Table 14 Transmission System: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 15 Transmission System: Market, By Region, 20162025 (USD Million)
Table 16 Heated/Ventilated Seats: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 17 Heated/Ventilated Seats: Market, By Region, 20162025 (USD Million)
Table 18 Heated Steering: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 19 Heated Steering: Market, By Region, 20162025 (USD Million)
Table 20 Waste Heat Recovery: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 21 Waste Heat Recovery: Market, By Region, 20162025 (USD Million)
Table 22 Automotive Thermal Management Market (ICE), By Technology, 20162025 (Million Units)
Table 23 Active Transmission Warm Up: Automotive Thermal Management Market, By Region, 20162025 (Million Units)
Table 24 EGR: Automotive Thermal Management Market, By Region, 20162025 (Million Units)
Table 25 Engine Thermal Mass Reduction: Automotive Thermal Management Market, By Region, 20162025 (Million Units)
Table 26 Reduced HVAC System Loading: Automotive Thermal Managements Market, By Region, 20162025 (Million Units)
Table 27 Other Technologies: Automotive Thermal Management Market, By Region, 20162025 (Million Units)
Table 28 Automotive Thermal Management Markets (ICE), By Vehicle Type, 20162025 (Million Units)
Table 29 Automotive Thermal Managements Market (ICE), By Vehicle Type, 20162025 (USD Million)
Table 30 Passenger Car: Automotive Thermal Management Market, By Region, 20162025 (Million Units)
Table 31 Passenger Car: Market, By Region, 20162025 (USD Million)
Table 32 LCV: Automotive Thermal Management Market, By Region, 20162025 (Million Units)
Table 33 LCV: Market, By Region, 20162025 (USD Million)
Table 34 Truck: Automotive Thermal Management Market, By Region, 20162025 (Million Units)
Table 35 Truck: Market, By Region, 20162025 (USD Million)
Table 36 Bus: Automotive Thermal Management Market, By Region, 20162025 (Million Units)
Table 37 Bus: Market, By Region, 20162025 (USD Million)
Table 38 Electric & Hybrid Vehicle Thermal Management Market, By Application, 20162025 (000 Units)
Table 39 Electric & Hybrid Vehicle Thermal Management Market, By Application, 20162025 (USD Million)
Table 40 Battery Thermal Management: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 41 Battery Thermal Management: Market, By Region, 20162025 (USD Million)
Table 42 Transmission System: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 43 Transmission System: Market, By Region, 20162025 (USD Million)
Table 44 Engine Cooling: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 45 Engine Cooling: Market, By Region, 20162025 (USD Million)
Table 46 Front Air Conditioning: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 47 Front Air Conditioning: Market, By Region, 20162025 (USD Million)
Table 48 Motor Thermal Management: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 49 Motor Thermal Management: Market, By Region, 20162025 (USD Million)
Table 50 Power Electronics: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 51 Power Electronics: Market, By Region, 20162025 (USD Million)
Table 52 Rear Air Conditioning: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 53 Rear Air Conditioning: Market, By Region, 20162025 (USD Million)
Table 54 Heated/Ventilated Seats: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 55 Heated/Ventilated Seats: Market, By Region, 20162025 (USD Million)
Table 56 Heated Steering: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 57 Heated Steering: Market, By Region, 20162025 (USD Million)
Table 58 Waste Heat Recovery: Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 59 Waste Heat Recovery: Market, By Region, 20162025 (USD Million)
Table 60 Electric & Hybrid Vehicle Thermal Management Market, By Vehicle Type, 20172025 (000 Units)
Table 61 Electric & Hybrid Vehicle Thermal Management Market, By Vehicle Type, 20162025 (USD Million)
Table 62 Top Selling BEV Models & Thermal Management Applications, 2017
Table 63 BEV: Electric & Hybrid Vehicle Thermal Management Market, By Region, 20162025 (000 Units)
Table 64 BEV: Electric & Hybrid Vehicle Thermal Management Market, By Region, By Region, 20162025 (USD Million)
Table 65 Top Selling HEV Models & Thermal Management Applications, 2017
Table 66 HEV: Electric & Hybrid Vehicle Thermal Management Market, By Region, 20162025 (000 Units)
Table 67 HEV: Electric & Hybrid Vehicle Thermal Management Market, By Region, 20162025 (USD Million)
Table 68 Top Selling PHEV Models & Thermal Management Applications, 2017
Table 69 PHEV: Electric & Hybrid Vehicle Thermal Management Market, By Region, 20162025 (000 Units)
Table 70 PHEV: Electric & Hybrid Vehicle Thermal Management Market, By Region, By Region, 20162025 (USD Million)
Table 71 Top Selling FCEV Models & Thermal Management Applications, 2017
Table 72 FCEV: Electric & Hybrid Vehicle Thermal Management Market, By Region, 20162025 (000 Units)
Table 73 FCEV: Electric & Hybrid Vehicle Thermal Management Market, By Region, By Region, 20162025 (USD Million)
Table 74 Mild Hybrid (48 V) Vehicle: Electric & Hybrid Vehicle Thermal Management Market, By Region, 20202025 (000 Units)
Table 75 Mild Hybrid (48 V) Vehicle: Electric & Hybrid Vehicle Thermal Management Market, By Region, 20202025 (USD Million)
Table 76 Automotive Thermal Management Market, By Region, 20162025 (000 Units)
Table 77 Automotive Thermal Managements Market, By Region, 20162025 (USD Million)
Table 78 Asia Oceania: Automotive Thermal Management Market, By Country, 20162025 (000 Units)
Table 79 Asia Oceania: Market, By Country, 20162025 (USD Million)
Table 80 China: Automotive Thermal Management Market, By Application, 20162025 (000 Units)
Table 81 China: Market, By Application, 20162025 (USD Million)
Table 82 Japan: Automotive Thermal Management Market, By Application, 20162025 (000 Units)
Table 83 Japan: Market, By Application, 20162025 (USD Million)
Table 84 India: Automotive Thermal Management Market, By Application, 20162025 (000 Units)
Table 85 India: Market, By Application, 20162025 (USD Million)
Table 86 South Korea: Automotive Thermal Management Market, By Application, 20162025 (000 Units)
Table 87 South Korea: Market, By Application, 20162025 (USD Million)
Table 88 Rest of Asia Oceania: Automotive Thermal Management Market, By Application, 20162025 (000 Units)
Table 89 Rest of Asia Oceania: Market, By Application, 20162025 (USD Million)
Table 90 EMEA: Market, By Country, 20162025 (000 Units)
Table 91 EMEA: Market, By Country, 20162025 (USD Million)
Table 92 Germany: Market, By Application, 20162025 (000 Units)
Table 93 Germany: Market, By Application, 20162025 (USD Million)
Table 94 France: Market, By Application, 20162025 (000 Units)
Table 95 France: Market, By Application, 20162025 (USD Million)
Table 96 UK: Market, By Application, 20162025 (000 Units)
Table 97 UK: Market, By Application, 20162025 (USD Million)
Table 98 Italy: Market, By Application, 20162025 (000 Units)
Table 99 Italy: Market, By Application, 20162025 (USD Million)
Table 100 Spain: Market, By Application, 20162025 (000 Units)
Table 101 Spain: Market, By Application, 20162025 (USD Million)
Table 102 Russia: Market, By Application, 20162025 (000 Units)
Table 103 Russia: Market, By Application, 20162025 (USD Million)
Table 104 Turkey: Market, By Application, 20162025 (000 Units)
Table 105 Turkey:Market, By Application, 20162025 (USD Million)
Table 106 Rest of EMEA: Market, By Application, 20162025 (000 Units)
Table 107 Rest of EMEA: Market, By Application, 20162025 (USD Million)
Table 108 North America: Market, By Country, 20162025 (000 Units)
Table 109 North America: Market, By Country, 20162025 (USD Million)
Table 110 US: Market, By Application, 20162025 (000 Units)
Table 111 US: Market, By Application, 20162025 (USD Million)
Table 112 Canada: Market, By Application, 20162025 (000 Units)
Table 113 Canada: Market, By Application, 20162025 (USD Million)
Table 114 Mexico: Market, By Application, 20162025 (000 Units)
Table 115 Mexico: Market, By Application, 20162025 (USD Million)
Table 116 South America: Market, By Country, 20162025 (000 Units)
Table 117 South America: Market, By Country, 20162025 (USD Million)
Table 118 Brazil: Market, By Application, 20162025 (000 Units)
Table 119 Brazil: Market, By Application, 20162025 (USD Million)
Table 120 Argentina: Market, By Application, 20162025 (000 Units)
Table 121 Argentina: Market, By Application, 20162025 (USD Million)
Table 122 Rest of South America: Market, By Application, 20162025 (000 Units)
Table 123 Rest of South America: Market, By Application, 20162025 (USD Million)
Table 124 New Product Development, 20142018
Table 125 Expansion, 20142018
Table 126 Supply Contracts, 20142017
Table 127 Acquisition, 20152017
Table 128 Partnership/Collaboration, 20162017
List of Figures (50 Figures)
Figure 1 Automotive Thermal Management Market Segmentation
Figure 2 Automotive Thermal Management: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Automotive Thermals Management Market: Bottom-Up Approach
Figure 6 Automotive Thermal Management Market: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Automotive Thermals Management Market, By Region, 2018 vs 2025 (Value)
Figure 9 Automotive Thermal Managements Market (ICE), By Vehicle Type, 2018 vs 2025 (USD Billion)
Figure 10 Automotive Thermals Management Market (ICE), By Application, 2018 vs 2025 (USD Billion)
Figure 11 Automotive Thermal Managements Market (ICE), By Technology, 2018 vs 2025
Figure 12 Automotive Thermals Management Market, By Electric & Hybrid Vehicle Application, 2018 vs 2025 (USD Million)
Figure 13 Automotive Thermal Managements Market, By Electric & Hybrid Vehicle Type, 2018 vs 2025 (USD Million)
Figure 14 Stringent Emission Norms and Increasing Demand for Comfort Features to Drive this Market During the Forecast Period
Figure 15 Asia Oceania is Expected to Hold the Largest Share of the Automotive Thermal Management During the Forecast Period, 2018 (By Value)
Figure 16 Front Air Conditioning Segment to Hold the Largest Market Share By 2025 (USD Million)
Figure 17 Passenger Car Segment to Be the Largest Market During the Forecast Period (USD Billion)
Figure 18 EGR to Be the Largest Market During the Forecast Period (000 Units)
Figure 19 Battery Thermal Management to Be the Top Application During the Forecast Period (USD Million)
Figure 20 HEV is Expected to Be the Largest Segment in the Electric & Hybrid Vehicle Thermal Management Market, 2018 vs 2025 (USD Million)
Figure 21 Automotive Thermal Management: Market Dynamics
Figure 22 On-Road Light & Heavy-Duty Vehicles Emission Regulation, 20142025
Figure 23 Luxury Vehicle Sales, 20122017 (000 Units)
Figure 24 Thermal Management Market (ICE), By Application, 2018 vs 2025 (USD Million)
Figure 25 Automotive Thermal Management Market (ICE), By Technology, 2018 vs 2025 (Million Units)
Figure 26 Market (ICE), By Vehicle Type, 2018 vs 2025 (USD Million)
Figure 27 Electric & Hybrid Vehicle Thermal Management Market, By Application, 2018 vs 2025 (USD Million)
Figure 28 Electric & Hybrid Vehicle Thermal Management Market, By Vehicle Type, 2018 vs 2025 (USD Million)
Figure 29 Asia Oceania Holds the Largest Share of Automotive Thermal Management Market During the Forecast Period, 20182025 (USD Million)
Figure 30 Asia Oceania: Automotive Thermal Management Market Snapshot
Figure 31 EMEA: Automotive Thermal Managements Market Snapshot
Figure 32 North America: Automotive Thermal Management Market, By Country, 20182025 (USD Million)
Figure 33 South America: Automotive Thermal Managements Market, By Country, 20182025 (USD Million)
Figure 34 Automotive Thermal Management Market: Key Developments By Leading Players
Figure 35 Automotive Thermal Managements Market Share, 2017
Figure 36 Denso: Company Snapshot
Figure 37 Denso: SWOT Analysis
Figure 38 Gentherm: Company Snapshot
Figure 39 Gentherm: SWOT Analysis
Figure 40 MAHLE: Company Snapshot
Figure 41 MAHLE: SWOT Analysis
Figure 42 Valeo: Company Snapshot
Figure 43 Valeo: SWOT Analysis
Figure 44 Borgwarner: Company Snapshot
Figure 45 Borgwarner: SWOT Analysis
Figure 46 Dana: Company Snapshot
Figure 47 Calsonic Kansei: Company Snapshot
Figure 48 Eberspδcher: Company Snapshot
Figure 49 Continental: Company Snapshot
Figure 50 Schaeffler: Company Snapshot
The automotive thermal management market size, by value, was estimated to be USD 52.69 Billion in 2018 and is projected to reach USD 66.10 Billion by 2025, at a CAGR of 3.32% from 2018 to 2025. The increase in demand for vehicle performance, increased production of vehicles, increasing stringency in emission regulation, and demand for comfort features has led to the growth of this market.
The automotive thermal management market has been segmented on the basis of ICE vehicle application, technology, vehicle type, electric & hybrid vehicle application, electric & hybrid vehicle type, and region. Asia Oceania is estimated to be the largest market for ICE vehicle during the forecast period owing to the largest vehicle production and sales. Also, in this region, there is a shift of preference toward passenger comfort and vehicle performance. On the basis of ICE vehicle type, the passenger car market is the largest in terms of value. China is the leading country in the production of passenger cars owing to increasing population and lack of public transport. The front air-conditioning (AC) application is estimated to be the largest owing to the growing demand for comfort and convenience. The adoption of front AC has also increased in commercial vehicles such as trucks and buses.
The study estimates reduced HVAC system loading technology as the fastest-growing market. The use of the HVAC system loading technology is expected to result in an increase in the fuel economy of a vehicle, less wear and tear of the engine, reduction in environmental pollution, and increased engine performance. Hence, in the future, the adoption of this technology can be seen in the vehicles.
On the other hand, the thermal management market for electric & hybrid vehicles is estimated to be the largest in the Asia Oceania region owing to the highest sales of these vehicle types in China. In the electric & hybrid vehicle segment, HEVs have the largest market share in terms of value. HEVs are premium vehicles in terms of their price range and features offered, and they have higher fuel economy compared with the ICE variant of the same model. Japan is the leading country in terms of sales of hybrid vehicles owing to the presence of leading hybrid vehicle manufacturers such as Nissan and Toyota. Also, the country offers subsidies and tax breaks for advanced and low emitting vehicles sold. The battery thermal management application has the largest market in terms of value. It is a mandatory system for electric & hybrid vehicles. The thermal management system of the battery determines driving performance, fuel efficiency, and life span of vehicles. Hence, with the growing demand for electric & hybrid vehicles, the automotive thermal management market will grow.
The critical factor restraining the growth of the automotive thermal management market is the high development cost of advanced thermal management systems and lack of standardization in the thermal management technologies. There are more than 60 thermal management technologies and only a handful of them are used now owing to their cost-benefit ratio. The remaining technologies have low effectiveness and are not readily available. Hence, the high cost of technology is restricting OEMs from inculcating other advanced technologies.
Major players in this market are Denso (Japan), Gentherm (US), MAHLE (Germany), Valeo (France), BorgWarner (US), Dana (US), Calsonic Kansei (Japan), Eberspδcher (Germany), Continental (Germany), and Schaeffler (Germany). These companies collectively account for a major share of the automotive thermal management market.
Currently, Denso, Valeo, and Mahle are the dominant players in the automotive thermal management market. The extensive competition in the automotive industry has led to innovation as a prime focus of these companies. Mobility is becoming increasingly advanced and automated, which requires a highly complex technology. The companies should focus on bringing more innovative products mainly in thermal technology for electric vehicles as the demand for lightweight systems is increasing.
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