Global Automotive Parking Heater Market 2017-2021
About Automotive Parking Heater
Parking heaters are devices that preheat the automotive interiors and make driving comfortable for the driver and passengers. The system has remote accessibility and can be controlled using a timer or a smartphone app. In countries where winters are harsh, automotive parking heaters are used to maintain the temperature of the engines and interiors of the cars. This device warms the interior (including the engine) before the driver or a passenger gets inside the car. The user can activate parking heaters even from home with the help of timers, remote controls, or mobile phones.
Technavio’s analysts forecast the global automotive parking heater market to grow at a CAGR of 3.72% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive parking heater market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Parking Heater Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive parking heater market: Webasto, Eberspächer, Digades and Pro-West Refrigeration.
Other Prominent Vendors in the market are: Victor Industries and Frost-Thermo King.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of mobile apps and connectivity solutions. App-based services help in remote access of the vehicle and charge batteries, turn on the music system, and fix the destination. Smart phones and data connectivity with app based services help in making vehicles user friendly. For instance, BMWs connected and mini connected iOS app allows access to Facebook and Twitter, news, and sending Google map destinations to the navigation system in the car.”
According to the report, one driver in the market is emergence of aftermarket DIY preheaters. DIY products are growing in popularity in a vast range of consumer products. Consumers purchase DIY products (in a dismantled state) and install them on their own. Several aftermarket manufacturers feature a 12-volt portable car preheater that also serves the purpose of a parking heater. The preheater is equipped with a remote control and timer and has two vents that can be positioned as per the requirements of the user.
Further, the report states that one challenge in the market is gradual increase in annual wages leading to declining profit margins. In the automotive industry value chain, the OEMs in the past absorbed the liability for the majority of the warranty claims and price pressure due to demand. However, the situation has changed over the past five-six years and the OEMs push these liabilities on tier-1 suppliers. These suppliers, in turn, pass the onus to component manufacturers. This has led to cost optimization across the industry to maintain profitability.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-automotive-electronics-global-automotive-parking-heater-market-2017-2021
Webasto, Eberspächer, Digades, Pro-West Refrigeration, Victor Industries and Frost-Thermo King.