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Global Automotive Thermostat Market 2017-2021

Global Automotive Thermostat Market 2017-2021

About Automotive Thermostat

An automotive thermostat is a crucial component of the automotive thermal management system. Advances in vehicle engines have contributed to various new enhancements in automotive thermal management systems to cope with the increased operating temperatures. The automotive industry is increasingly driven by changing consumer needs to accommodate convergence of connectivity and electrification. Automakers are predisposed to develop energy-efficient vehicles and are focusing on increasing the efficiency of their vehicles by replacing mechanical parts with electronic parts for reducing the number of moving components and for decreasing weight.

Technavio’s analysts forecast the global automotive thermostat market to grow at a CAGR of 3.81% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive thermostat market for 2017-2021. To calculate the market size, the report considers the new installations, sales, and volume.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Thermostat Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • MAHLE
  • BorgWarner
  • HELLA
Other prominent vendors
  • ACDelco
  • Dongguan Yaxun Electronic Hardware Product
  • Fishman Thermo Technologies
  • Gates Corporation
  • Kirpart
  • Magal Group
  • Nippon Thermostat
  • Stant
  • TAMA
  • Vernet
Market driver
  • Rising demand for passenger vehicles
  • For a full, detailed list, view our report
Market challenge
  • Insufficient quantity of coolant
  • For a full, detailed list, view our report
Market trend
  • Development of electronic thermostats
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Thermostat Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive thermostat market: MAHLE, BorgWarner, and HELLA.

Other Prominent Vendors in the market are: ACDelco, Dongguan Yaxun Electronic Hardware Product, Fishman Thermo Technologies, Gates Corporation, Kirpart, Magal Group, Nippon Thermostat, Stant, TAMA, and Vernet.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is development of electronic thermostats. Automotive engines are highly effective while operating within favorable temperatures. Engine temperature should be maintained around 212 degrees Fahrenheit to prevent overheating. Conventional thermostats operate using a temperature sensing elements, such as aluminum and wax mixture. Increasing engine temperature causes the wax mixture to melt, thereby allowing the thermostat valves to open and allow the coolant into the engine.”

According to the report, one of the major drivers for this market is rising demand for passenger vehicles. The increase in the sales of passenger cars will increase the demand for automotive thermostats. Emerging countries, namely China and India, have a lesser penetration of automobiles as compared with the developed economies of North America and Europe. Therefore, car OEMs are concentrating on effectively penetrating the passenger car market in emerging countries.

Further, the report states that one of the major factors hindering the growth of this market is insufficient quantity of coolant. Cooling of an engine requires sufficient amount of liquid coolant to flow through the engine for absorbing the heat generated, shortfall of which can result in overheating. Low coolant level directly reflects less amount of heat being absorbed, thereby leading to the accumulation of excess heat in the engine, leading to engine breakdown due to overheating.

Companies Mentioned

MAHLE, BorgWarner, HELLA, ACDelco, Dongguan Yaxun Electronic Hardware Product, Fishman Thermo Technologies, Gates Corporation, Kirpart, Magal Group, Nippon Thermostat, Stant, TAMA, and Vernet.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of automotive thermostats
      • Table Diagrammatic representation of working of an automotive thermostat
  • Market landscape
    • Global automotive thermostat market
      • Table Segmentation of automotive thermostat market
    • Market size and forecast
      • Table Global automotive thermostat market 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Segmentation of global automotive thermostat market by application
      • Table Segmentation of global automotive thermostat market by application
      • Table Global automotive thermostat market segmented by application 2016 (% share)
      • Table Segmentation of global automotive thermostat market by application 2016-2021 (millions of units)
      • Table Global automotive thermostat market segmentation by application 2016-2021 (% share)
    • Global automotive thermostat market in passenger cars segment
      • Table Global automotive thermostat market in passenger cars segment 2016-2021 (millions of units)
    • Global automotive thermostat market in LCVs segment
      • Table Global automotive thermostat market in LCVs segments 2016-2021 (millions of units)
    • Global automotive thermostat market in MHCVs segment
      • Table Global automotive thermostat market in MHCVs segment 2016-2021 (millions of units)
  • Geographical segmentation
    • Segmentation of global automotive thermostat market by geography
      • Table Segmentation of global automotive thermostat market by geography 2016 (% share)
      • Table Segmentation of global automotive thermostat market by geography 2016-2021 (millions of units)
      • Table Segmentation of global automotive thermostat market by geography 2016-2021 (% share)
    • Automotive thermostat market in APAC
      • Table Automotive thermostat market in APAC 2016-2021 (millions of units)
    • Automotive thermostat market in Americas
      • Table Automotive thermostat market in Americas 2016-2021 (millions of units)
    • Automotive thermostat market in EMEA
      • Table Automotive thermostat market in EMEA 2016-2021 (millions of units)
  • Key leading countries
    • Key leading countries in global automotive thermostat market
      • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Projected passenger car owners in India, China, and Brazil 2016
      • Table Global users of internet by regions 2016 (% share)
    • Market challenges
      • Table Labor cost per unit in China compared with US 2003-2018 (in % of the US labor cost per unit)
      • Table Global number of MHCVs produced 2016-2021 (millions of units)
      • Table Issues affecting automotive thermostat
  • Market trends
    • Development of electronic thermostats
    • Adoption of compact heat absorption components
    • Rising penetration of automotive thermostats in heated seats
  • Vendor landscape
    • Competitive landscape
    • IP analysis
      • Table Relevant patents for automotive thermostats
    • Other prominent vendors
  • Key vendor analysis
    • BorgWarner
      • Table BorgWarner: Products offered
      • Table BorgWarner: Geographic segmentation based on sales 2016
      • Table BorgWarner: Segmentation based on business units 2016 (% share of revenue)
      • Table BorgWarner: Recent developments
    • HELLA
      • Table HELLA: Products offered
      • Table HELLA: Business segmentation by revenue 2015-2016 (% share)
    • MAHLE
      • Table MAHLE: Products offered
      • Table MAHLE: Types of thermostats offered
      • Table MAHLE: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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