Automotive Thermal Management System Market 2019 Size, Share, Growth, Trends, Competitive Landscape, Emerging Technologies, Regional Analysis With Global Industry Forecast To 2023

September 19 21:32 2019
Automotive Thermal Management System Market 2019 Size, Share, Growth, Trends, Competitive Landscape, Emerging Technologies, Regional Analysis With Global Industry Forecast To 2023

“”Automotive Thermal Management System Market 2019″”
Automotive Thermal Management System Market 2019 Global Analysis By System (Heating, Ventilation and Air Condition (HVAC), Powertrain Cooling, Fluid Transport and others), By Technology (Active Transmission Warmup, Exhaust gas recirculation (EGR), Reduced HVAC System Loading and Other Technologies), By Propulsion [Internal Combustion Engine (ICE) Vehicle, and Electric Vehicle (Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle)], By Vehicle Type (Passenger Vehicle and Commercial

Automotive Thermal Management System Market 2019 Global Analysis By System (Heating, Ventilation and Air Condition (HVAC), Powertrain Cooling, Fluid Transport and others), By Technology (Active Transmission Warmup, Exhaust gas recirculation (EGR), Reduced HVAC System Loading and Other Technologies), By Propulsion [Internal Combustion Engine (ICE) Vehicle, and Electric Vehicle (Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle)], By Vehicle Type (Passenger Vehicle and Commercial Vehicle) and Region with forecast to 2023. Global Automotive Thermal Management System Market to grow at 4.50% growth rate during 2019 to 2023, according to Automotive Thermal Management System Market Research Report – Forecast to 2023 report published by Market Research Future.

The prominent players operating in the automotive thermal management system market comprises Robert Bosch GmbH, Hanon Systems, Gentherm, BorgWarner Inc., Valeo, Denso Corporation, VOSS Automotive Gmbh, Modine Manufacturing Company, MAHLE Gmbh, and Dana Limited.

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Global Automotive Thermal Management System Market Analysis Highlights:

Thermal management is a crucial component in modern vehicle systems. It monitors and regulates the temperature of automotive components such as transmission, passenger cabin area, engine and HVAC components. Increased production of passenger cars is having a reciprocal effect on the global market for automotive thermal management system. This market is expected to witness a compound annual growth rate of 4.50% from 2018 to 2023.

The automotive thermal management system market has experienced a tectonic surge over the past few years due to the growing utilization of advanced HVAC systems in automobiles. The increased propensity to spend on developing nations is propelling the market growth. Thermal management systems perform crucial automotive functions like reduction of the thermal load, transfer of heat, and waste heat recovery. The international automotive standards and regulatory norms have made thermal management systems mandatory. The installation of automotive thermal management system also helps to improve passenger comfort and also powertrain performance to a considerable level. The system is used in electric as well as conventional cars. Such factors are triggering the demand for automotive thermal management system market across the globe. The growing production of passenger cars is also enhancing the growth of automotive thermal management system market. With the increased focus on driver comfort, production of passenger cars, and growing sales of electric vehicles, the market is likely to propel in the foreseeable future.

Growing focus on fuel efficiency, driver comfort, and high sales of electric cars are other factors contributing to the growth of the market. However, the growth of the global automotive thermal management system market might be impeded by high costs associated with automotive thermal management system and strict regulations pertaining the use of refrigerants.

OEMs are tapping into opportunities that have risen from increased stringency in emission regulation, growing importance of fuel efficiency and rising sales of electric vehicles. At the same time, increased focus towards driver comfort likely to reflect favorably on the market. Nonetheless, high cost of thermal management system technology and strict government norms on the use of refrigerants are creating hurdles.

Automotive Thermal Management System Market Segmentation:

The global automotive thermal management system market has been segmented based on system, technology, propulsion, and vehicle type.

By system, the global automotive thermal power management system market has been segmented into heating, ventilation and air condition (HVAC), powertrain cooling, fluid transport, and others. The HVAC segment accounted for the largest share of the market in 2018 and is expected to maintain its dominance over the forecast period. The4 HVAC segment is poised to reach a valuation of USD 23 Bn at a CAGR of 4.10% by the end of the forecast period.

By technology, the global automotive thermal management system market has been segmented into active transmission warm-up, exhaust gas recirculation (EGR), reduced HVAC system loading, and other technologies. The active transmission warm-up segment currently accounts for the largest share of the market and is anticipated to reach a valuation of USD 30.59 Bn by the end of 2023.

By propulsion, the global automotive thermal management system market has been segmented into internal combustion engine (ICE) vehicle and electric vehicle. The electric vehicle segment has been further segmented into battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle (PHEVs). The ICE segment accounted for almost 92% share of the market in 2017 and is anticipated to exhibit a CAGR of 4.29% over the forecast period. Meanwhile, the electric vehicle segment is likely to witness the highest CAGR over the forecast period.

By vehicle type, the global automotive thermal management system market has been segmented into passenger type and commercial vehicle. The passenger vehicle segment is leading the market and attained a valuation of over USD 42 Bn in 2017.

Automotive Thermal Management System Market Regional Analysis:

Based on region, the market for Automotive Thermal Management System has been segmented into North America, Europe, Asia Pacific (APAC) and RoW.

Asia Pacific region is considered to remain a highly attractive regional market and accounts for more than one-third of the share in terms of value. Economies like South Korea, Japan, India, and China are gaining mileage in the automotive manufacturing sector. In this region, China acquires the largest share owing to the surging demand for commercial and passenger vehicles. Being the automotive hub in the world, Asia Pacific generates significant demand for the automotive thermal management system. The increase in sales of commercial as well as passenger cars due to the increasing disposable income in South Korea, China, Japan, and India contributes to the growth of the market. Moreover, the existence of top manufacturers of automotive thermal management systems is highly influencing the growth of the regional market.

Europe is the second largest market for automotive thermal management. Measures undertaken in Europe such as timelines for zero vehicle emission zones in countries such as France and the UK has induced high demand for automotive thermal management system. Besides, extensive R&D activities in the automotive sector and major automotive manufacturers expanding their operations in Europe drive the market. The North America market is driven by factors like those of Europe. 

Table Of Content

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Automotive Thermal Management System Market, By Technology

5.1 Introduction

5.2 Manual

5.2.1 Market Estimates & Forecast, 2018-2023

5.2.2 Market Estimates & Forecast By Region, 2018-2023

5.3 Automatic

5.3.1 Market Estimates & Forecast, 2018-2023

5.3.2 Market Estimates & Forecast By Region, 2018-2023

Continued…

List of Tables:

TABLE 2 LIST OF ASSUMPTIONS 21

TABLE 3 AUTOMOTIVE THERMAL MANAGEMENT SYSTEM: MACRO FACTOR INDICATOR ANALYSES 22

TABLE 4 2017-2025 COMBINED AVERAGE PASSENGER CAR AND LIGHT TRUCK CAFE AND GHG EMISSION STANDARDS 42

TABLE 5 AUTOMOTIVE THERMAL MANAGEMENT SYSTEM: AUTOMOTIVE THERMAL SOLUTIONS 43

TABLE 6 AUTOMOTIVE THERMAL MANAGEMENT SYSTEM: REGULATORY LANDSCAPE 46

TABLE 7 MAJOR GRANTED PATENTS ON AUTOMOTIVE THERMAL MANAGEMENT SYSTEM (DECEMBER 19, 2013 – DECEMBER 19, 2018) 48

TABLE 8 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY SYSTEM, 2013–2023 (USD BILLION) 54

TABLE 9 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY COMPONENT TYPE, 2013–2023 (USD BILLION) 57

TABLE 10 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY, 2013–2023 (USD BILLION) 60

TABLE 11 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2013–2023 (USD BILLION) 64

TABLE 12 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE, 2013–2023 (USD BILLION) 67

TABLE 13 ICE VEHICLE: GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY SUB-SEGMENT, 2013–2023 (USD BILLION) 68

Continued…

List of Figures:

FIGURE 1 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET: MARKET STRUCTURE 21

FIGURE 2 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET: KEY TAKEAWAYS 22

FIGURE 3 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET: KEY BUYING CRITERIA 23

FIGURE 4 RESEARCH PROCESS OF MRFR 25

FIGURE 5 TOP-DOWN & BOTTOM-UP APPROACHES 28

FIGURE 6 DRO ANALYSIS OF GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET 30

FIGURE 7 TOTAL NUMBER OF ELECTRIC CARS ON THE ROAD, 2013–2017 (MILLIONS) 31

FIGURE 8 DRIVERS IMPACT ANALYSIS: GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET 32

FIGURE 9 RESTRAINT IMPACT ANALYSIS: GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET 33

FIGURE 10 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 37

FIGURE 11 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY SYSTEM, 2017 (% SHARE) 54

FIGURE 12 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY COMPONENT TYPE, 2017 (% SHARE) 57

FIGURE 13 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY, 2017 (% SHARE) 60

FIGURE 14 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2017 (% SHARE) 64

FIGURE 15 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE, 2017 (% SHARE) 69

FIGURE 16 GLOBAL AUTOMOTIVE THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2017 (USD BILLION) 71

Continued…

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