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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Automotive Thermal System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global automotive thermal system market grew at a CAGR of around 8% during 2014-2019. An automotive thermal system helps to maintain and regulate the desired temperature level of different vehicle components, such as the motor, battery and cabinet area. It reduces temperature fluctuations, increases efficiency and prevents breakdown. It also reduces fuel consumption and improves powertrain efficacy, which aids in lowering carbon emissions. Consequently, it is extensively utilized in the manufacturing of heavy vehicles used in the construction and transportation sectors. At present, the escalating demand for vehicle electrification is increasing the utilization of these systems to enhance user comfort without impacting vehicle range and keeping battery temperature at ideal operating conditions.

The increasing need for reducing carbon emissions produced by internal combustion engines (ICEs) in automobiles, along with the stringent emission regulations imposed by governing agencies of several countries, represents one of the key factors impelling the market growth. Apart from this, the rising utilization of advanced heating, ventilation and air conditioning (HVAC) systems that are environment-friendly and lightweight is bolstering the market growth. Moreover, the increasing sales of hybrid electric vehicles (HEVs), along with the integration of thermal sensors with automotive thermal systems that sense the temperature in real-time and provide necessary solutions to the user is further contributing to the market growth. Furthermore, the rising number of construction activities is escalating the demand for heavy vehicles, which, in turn, is strengthening the market growth. However, the mass outbreak of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governments of several countries have disrupted the supply chains. The market is expected to experience growth once normalcy is regained. Looking forward, IMARC Group expects the global automotive thermal system market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive thermal system market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, component and vehicle type.

Breakup by Component:

  • Compressor
  • HVAC
  • Powertrain Cooling
  • Fluid Transport
     

Breakup by Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Borgwarner Inc., Continental Aktiengesellschaft, DENSO Corporation, General Motors Company, Gentherm Incorporated, Grayson Automotive Services Limited, Lennox International Inc., MAHLE GmbH, Modine Manufacturing Company Inc. and Visteon Corporation.

Key Questions Answered in This Report:

  • How has the global automotive thermal system market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global automotive thermal system market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the vehicle type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global automotive thermal system market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Automotive Thermal System Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Compressor    
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    HVAC
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Powertrain Cooling
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Fluid Transport
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Vehicle Type
    7.1    Passenger Cars
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Light Commercial Vehicles
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Heavy Commercial Vehicles
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Borgwarner Inc.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio 
           13.3.1.3 Financials 
           13.3.1.4 SWOT Analysis
        13.3.2    Continental Aktiengesellschaft
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials 
           13.3.2.4 SWOT Analysis
        13.3.3    DENSO Corporation
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio 
           13.3.3.3 Financials 
           13.3.3.4 SWOT Analysis
        13.3.4    General Motors Company
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio 
           13.3.4.3 Financials 
           13.3.4.4 SWOT Analysis
        13.3.5    Gentherm Incorporated
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio 
           13.3.5.3 Financials 
        13.3.6    Grayson Automotive Services Limited
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio 
           13.3.6.3 Financials
        13.3.7    Lennox International Inc.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials 
           13.3.7.4 SWOT Analysis
        13.3.8    MAHLE GmbH
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio 
           13.3.8.3 Financials 
           13.3.8.4 SWOT Analysis
        13.3.9    Modine Manufacturing Company Inc.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials 
           13.3.9.4 SWOT Analysis
        13.3.10    Visteon Corporation
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio 
           13.3.10.3 Financials 
           13.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Automotive Thermal System Market: Major Drivers and Challenges
Figure 2: Global: Automotive Thermal System Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Automotive Thermal System Market: Breakup by Component (in %), 2019
Figure 4: Global: Automotive Thermal System Market: Breakup by Vehicle Type (in %), 2019
Figure 5: Global: Automotive Thermal System Market: Breakup by Region (in %), 2019
Figure 6: Global: Automotive Thermal System Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 7: Global: Automotive Thermal System (Compressor) Market: Sales Value (in Million US$), 2014 & 2019
Figure 8: Global: Automotive Thermal System (Compressor) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 9: Global: Automotive Thermal System (HVAC) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Automotive Thermal System (HVAC) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Automotive Thermal System (Powertrain Cooling) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Automotive Thermal System (Powertrain Cooling) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Automotive Thermal System (Fluid Transport) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Automotive Thermal System (Fluid Transport) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Automotive Thermal System (Passenger Cars) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Automotive Thermal System (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Automotive Thermal System (Light Commercial Vehicles) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Automotive Thermal System (Light Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Automotive Thermal System (Heavy Commercial Vehicles) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Automotive Thermal System (Heavy Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Automotive Thermal System (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Automotive Thermal System (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: North America: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: North America: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: United States: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: United States: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Canada: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Canada: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Asia Pacific: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Asia Pacific: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: China: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: China: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Japan: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Japan: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: India: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: India: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: South Korea: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: South Korea: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Australia: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Australia: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Indonesia: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Indonesia: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Others: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Others: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Europe: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Europe: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Germany: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Germany: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: France: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: France: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: United Kingdom: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: United Kingdom: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Italy: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Italy: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Spain: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Spain: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: Russia: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: Russia: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: Others: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: Others: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: Latin America: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: Latin America: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: Brazil: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: Brazil: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Mexico: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Mexico: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Others: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Others: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Middle East and Africa: Automotive Thermal System Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Middle East and Africa: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Global: Automotive Thermal System Industry: SWOT Analysis
Figure 72: Global: Automotive Thermal System Industry: Value Chain Analysis
Figure 73: Global: Automotive Thermal System Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Automotive Thermal System Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Automotive Thermal System Market Forecast: Breakup by Component (in Million US$), 2020-2025
Table 3: Global: Automotive Thermal System Market Forecast: Breakup by Vehicle Type (in Million US$), 2020-2025
Table 4: Global: Automotive Thermal System Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 5: Global: Automotive Thermal System Market Structure
Table 6: Global: Automotive Thermal System Market: Key Players

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