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Global Commercial Vehicle Thermal Management Systems Market 2017-2021

Global Commercial Vehicle Thermal Management Systems Market 2017-2021

About Commercial Vehicle Thermal Management Systems

Automotive thermal management systems can be classified based on their applications in powertrain systems and passenger comfort systems. In powertrain systems, they can be mainly profiled under engine and transmission cooling, and in alternative fuel propulsion vehicles, they form a part of battery and power electronics thermal management. The components of thermal management system in alternative fuel propulsion vehicles mainly include coolant systems, lubrication systems, electric devices, and hardware and software subsystems to regulate powertrain-related thermal management.

Technavio’s analysts forecast the global commercial vehicle thermal management systems market to grow at a CAGR of 2.21% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global commercial vehicle thermal management systems market for 2017-2021. 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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Commercial Vehicle Thermal Management Systems 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
  • BorgWarner
  • Bosch
  • DENSO
  • Johnson Electric
  • Delphi Thermal
  • Valeo
Other prominent vendors
  • Cooper Standard
  • Dana Incorporated
  • Eberspächer
  • HELLA
  • Kendrion Automotive
  • MAHLE
  • TATA AUTOCOMP SYSTEMS LTD
  • TitanX Engine Cooling
Market driver
  • Government mandate for fixing air conditioners in commercial vehicles
  • For a full, detailed list, view our report
Market challenge
  • Increased engine temperatures in modern engines
  • For a full, detailed list, view our report
Market trend
  • Development of electronic grille shutters
  • 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?


Technavio Announces the Publication of its Research Report – Global Commercial Vehicle Thermal Management Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global commercial vehicle thermal management systems market: BorgWarner, Bosch, DENSO, Johnson Electric, Delphi Thermal, and Valeo.

Other Prominent Vendors in the market are: Cooper Standard, Dana Incorporated, Eberspächer, HELLA, Kendrion Automotive, MAHLE, TATA AUTOCOMP SYSTEMS LTD, and TitanX Engine Cooling.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of electronic grille shutters. Modern engines are built with a limited number of moving parts, a smaller opening to allow air in, and a closed underbody. The smaller opening prevents sufficient amount of air from entering and dissipating the heat formed in the engine. Vehicle manufacturers have been trying to develop intelligent thermal management systems with components with increased heat resistance and better modeling to allow proper ventilation.”

According to the report, one driver in the market is government mandate for fixing air conditioners in commercial vehicles. Air conditioners form a significant part of HVAC systems in commercial vehicle thermal management systems. Hence, increased penetration of air conditioning units in commercial vehicles will increase the value of thermal management systems used in vehicles during the forecast period. HCV drivers undertake long trips on a continuous basis to make their livelihood. Long hours of driving increase their fatigue levels and often numbs their driver reflexes, which increases the chances of accidents. A significant number of these accidents involve inattentive long-haul truckers. Therefore, the government of India intends to undertake measures that increase drivers' comfort levels and avoid build-up of fatigue.

Further, the report states that one challenge in the market is increased engine temperatures in modern engines. Vehicle manufacturers have been undertaking engine downsizing since 2010 to increase the efficiency of vehicles, improve fuel economy, and decrease emissions. However, downsized engine produces large amounts of heat that may undermine the operational efficiency of thermal management systems by causing one or more components to malfunction. The efficiency of thermal management systems is greatly challenged even if a single component within the system dysfunctions. As commercial vehicles are subjected to harsh driving conditions and increased engine loads, the chances of having increased engine temperatures, subsequently leading to breaking down of the vehicle, are high.

Companies Mentioned

BorgWarner, Bosch, DENSO, Johnson Electric, Delphi Thermal, Valeo, Cooper Standard, Dana Incorporated, Eberspächer, HELLA, Kendrion Automotive, MAHLE, TATA AUTOCOMP SYSTEMS LTD, and TitanX Engine Cooling.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global automotive thermal management systems market 2016-2021 ($ billions)
      • Table Approximate output power, coolant waste heat, and exhaust waste heat as a percentage of input power from major vehicle powertrain components
  • Market landscape
    • Market overview
      • Table Global commercial vehicle thermal management systems market: Overview
    • Market size and forecast
      • Table Global commercial vehicle thermal management systems market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market segmented by application
      • Table Global commercial vehicle thermal management systems market segmentation by application
      • Table Global commercial vehicle thermal management systems market segmentation by application 2016-2021 ($ billions)
      • Table Global commercial vehicle thermal management systems market segmentation by application 2016-2021 (% share)
    • Global commercial vehicle thermal management systems market for LCVs
      • Table Global commercial vehicle thermal management systems market for LCVs 2016-2021 ($ billions)
    • Global commercial vehicle thermal management systems market for HCVs
      • Table Global commercial vehicle thermal management systems market for HCVs 2016-2021 ($ billions)
  • Geographical segmentation
    • Market segmented by geography
      • Table Global commercial vehicle thermal management systems market segmentation by geography 2016 (% share)
      • Table Global commercial vehicle thermal management systems market segmentation by geography 2016-2021 ($ billions)
      • Table Global commercial vehicle thermal management systems market segmentation by geography 2016-2021 (% share)
    • Commercial vehicle thermal management systems market in the Americas
      • Table Commercial vehicle thermal management systems market in the Americas 2016-2021 ($ billions)
    • Commercial vehicle thermal management systems market in APAC
      • Table Commercial vehicle thermal management systems market in APAC 2016-2021 ($ billions)
    • Commercial vehicle thermal management systems market in EMEA
      • Table Commercial vehicle thermal management systems market in EMEA 2016-2021 ($ billions)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Development of new heat flux sensors to allow accurate investigation of thermal state of engine
    • Development of electronic grille shutters
    • Usage of new refrigerant R-1234yf in vehicle air conditioning systems
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • BorgWarner
      • Table BorgWarner: Products offered
      • Table BorgWarner: Geographical segmentation based on sales 2016 (% share)
      • Table BorgWarner: Segmentation based on business units 2016 (% share of revenue)
      • Table BorgWarner: Recent developments
    • Bosch
      • Table Bosch: Business segmentation by revenue 2016 (% share)
      • Table Bosch: Geographical segmentation by revenue 2016 (% share)
      • Table Recent developments: Bosch
    • DENSO
      • Table DENSO: Business segmentation by revenue 2016 (%)
      • Table DENSO: Geographical segmentation by revenue 2016 (%)
      • Table DENSO: Product portfolio
      • Table DENSO: Recent developments
    • Johnson Electric
      • Table Johnson Electric: Business segmentation by revenue 2016 (% share)
      • Table Johnson Electric: Geographical segmentation by revenue 2016 (% share)
      • Table Johnson Electric: Recent developments
    • Delphi Thermal
      • Table Delphi Thermal: Product portfolio in automotive industry
      • Table Delphi Thermal: Recent developments
    • Valeo
      • Table Valeo: Product segmentation
      • Table Valeo: Business segmentation by revenue 2016 (% share)
      • Table Valeo: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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