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Category Management: Class 1-3 Thermal Management Components Aftermarket, India, 2024–2031

Publisher Frost & Sullivan
Published Sep 15, 2025
SKU # MC20400534

Description

The Indian passenger vehicles (PV) and light commercial vehicles (LCV) market has experienced steady growth since the COVID-19 pandemic and is projected to continue expanding in the future. In addition, the total number of vehicles in operation (VIO) has increased, particularly among vehicles that are over 10 years old. This trend suggests a longer duration of vehicle ownership, accompanied by a relatively slower rate of vehicle replacement and scrappage. As demand rises for older vehicles and for standard life cycle parts, the aftermarket is expected to benefit significantly, particularly in the area of replacement cabin and engine cooling systems. This demand is further influenced by factors such as worsening climatic conditions, traffic congestion, longer transit times, and changing driver habits. Most of the aftermarket demand for replacement parts is anticipated to come from PVs within the segments discussed in this study. Average annual vehicle mileage is also expected to grow year over year, resulting in a faster turnover of thermal management components. Traditionally, the aftermarket for thermal management components has been dominated by warehouse distribution channels, and this trend is expected to continue throughout the forecast period. This study explores the market landscape and dynamics of thermal management components for PVs and LCVs. It examines growth in terms of unit shipment and revenue from 2025 to 2031 while discussing factors that influence the market dynamics.

Table of Contents

    • Scope of the Study
    • Key Questions The Study Answers
    • Product Segmentation and Definition
    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8TM
    • The Impact of the Top 3 Strategic Imperatives on the Indian Class 1-3 Thermal Management Components Aftermarket Industry
    • Value Chain Structure
    • Competitive Environment
    • Key Competitors
    • Category Management: Class 1-3 Thermal Management Components Aftermarket, India—Growth Metrics
    • Key Findings
    • Growth Drivers
    • Growth Restraints
    • Factors Driving the Thermal Management Components Aftermarket
    • CASE Implications
    • Forecast Considerations
    • Unit Shipment and Revenue Forecast
    • Unit Shipment Forecast by Product Segment
    • Revenue Forecast by Product Segment
    • Average Price by Product Segment
    • Distribution Channel Revenue Share
    • Market Share at OEM First Fitment
    • Replacement Compressors—Growth Metrics
    • Replacement Compressors—Unit Shipment Forecast
    • Replacement Compressors—Revenue Forecast
    • Replacement Compressors—Average MLP
    • Replacement Compressors—Market Share at OEM First Fitment
    • Replacement eCompressors—Growth Metrics
    • Replacement eCompressors—Unit Shipment Forecast
    • Replacement eCompressors—Revenue Forecast
    • Replacement eCompressors—Average MLP
    • Summary: Replacement Compressors Aftermarket Analysis
    • Replacement Evaporators—Growth Metrics
    • Replacement Evaporators—Unit Shipment Forecast
    • Replacement Evaporators—Revenue Forecast
    • Replacement Evaporators—Average MLP
    • Replacement Evaporators—Market Share at OEM First Fitment
    • Summary: Replacement Evaporators Aftermarket Analysis
    • Replacement Radiators—Growth Metrics
    • Replacement Radiators—Unit Shipment Forecast
    • Replacement Radiators—Revenue Forecast
    • Replacement Radiators—Average MLP
    • Replacement Radiators—Market Share at OEM First Fitment
    • Summary: Replacement Radiators Aftermarket Analysis
    • Replacement Condensers—Growth Metrics
    • Replacement Condensers—Unit Shipment Forecast
    • Replacement Condensers—Revenue Forecast
    • Replacement Condensers—Average MLP
    • Replacement Condensers—Market Share at OE First Fitment
    • Summary: Replacement Condensers Aftermarket Analysis
  • 3 Big Predictions
    • Growth Opportunity 1: Climate Control Systems
    • Growth Opportunity 2: Transforming the Network Structure
    • Growth Opportunity 3: Mergers, Acquisitions, and Partnerships
    • Benefits and Impacts of Growth Opportunities
    • Next Steps

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