Global Automotive Thermostat Market Growth 2023-2029

Global Automotive Thermostat Market Growth 2023-2029

Automotive Thermostat is a temperature controlled on and off valve. When the temperature rises to a predetermined temperature, the thermostat opens up to allow the engine coolant to flow through the cylinder block and the radiator. This flow is crucial to maintain optimum operating temperature for fuel efficiency, enhanced drivability, and engine protection. The coolant flow is reduced when the engine is cold, and the flow is increased when the engine is hot.

LPI (LP Information)' newest research report, the “Automotive Thermostat Industry Forecast” looks at past sales and reviews total world Automotive Thermostat sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Thermostat sales for 2023 through 2029. With Automotive Thermostat sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Thermostat industry.

This Insight Report provides a comprehensive analysis of the global Automotive Thermostat landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Thermostat portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Thermostat market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Thermostat and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Thermostat.

The global Automotive Thermostat market size is projected to grow from US$ 3244.9 million in 2022 to US$ 4223.7 million in 2029; it is expected to grow at a CAGR of 4223.7 from 2023 to 2029.

Global Automotive Thermostat key players include Mahle, Temb, Stant, Borgwarner, etc. Global top four manufacturers hold a share over 10%.

China is the largest market, with a share about 20%, followed by China, and Europe, both have a share about 30 percent.

In terms of product, Insert Thermostat is the largest segment, with a share over 60%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Thermostat market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Insert Thermostat

Housing Thermostat

Segmentation by application

Passenger Car

Commercial Vehicle

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Mahle

Stant

Borgwarner

Hella

Kirpart

Vernet

TAMA

Nippon Thermostat

Gates

BG Automotive

Fishman TT

Magal

Temb

Ningbo Xingci Thermal

Dongfeng-Fuji-Thomson

Wantai Auto Electric

Shengguang

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Thermostat market?

What factors are driving Automotive Thermostat market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Thermostat market opportunities vary by end market size?

How does Automotive Thermostat break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.