Global Passenger Vehicle Thermostats Market Growth 2023-2029

Global Passenger Vehicle Thermostats 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 “Passenger Vehicle Thermostats Industry Forecast” looks at past sales and reviews total world Passenger Vehicle Thermostats sales in 2022, providing a comprehensive analysis by region and market sector of projected Passenger Vehicle Thermostats sales for 2023 through 2029. With Passenger Vehicle Thermostats sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Passenger Vehicle Thermostats industry.
This Insight Report provides a comprehensive analysis of the global Passenger Vehicle Thermostats 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 Passenger Vehicle Thermostats portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Passenger Vehicle Thermostats market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Passenger Vehicle Thermostats 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 Passenger Vehicle Thermostats.
The global Passenger Vehicle Thermostats market size is projected to grow from US$ 751.6 million in 2022 to US$ 1020.1 million in 2029; it is expected to grow at a CAGR of 1020.1 from 2023 to 2029.
Asia Pacific is the largest consumption region of the Passenger Vehicle Thermostat, holds above 37% sales market in 2019, followed by Europe, with about 32%.
The Passenger Vehicle Thermostat is classified into the Insert Thermostat and Housing Thermostat according to the product type. As of 2019, Insert Thermostat segment dominates the market contributing more than 75% of the total market.
The Passenger Vehicle Thermostat market is relative fragment market; key players include Nippon Thermostat, Arlington Industries Group, Mahle, Stant Corporation, Qufu TEMB, Kirpart, Fuji Bellows, Ningbo Xingci Thermal, Vernet, INZI Controls, Gates Corporation, Dongfeng-Fuji-Thomson, Ruian Wantai Auto, TAMA, Kuzeh; the revenue of top ten manufacturers accounts about 60% of the total revenue, in 2019. The high-end products mainly come from Europe and Japan.
This report presents a comprehensive overview, market shares, and growth opportunities of Passenger Vehicle Thermostats market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Insert Thermostat
Housing Thermostat
Segmentation by application
Sedan
Pickup
SUV
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.
Nippon Thermostat
Arlington Industries Group
Mahle
Stant Corporation
Qufu TEMB
Kirpart
Fuji Bellows
Ningbo Xingci Thermal
Vernet
INZI Controls
Gates Corporation
Dongfeng-Fuji-Thomson
Ruian Wantai Auto
TAMA
Kuzeh

Key Questions Addressed in this Report
What is the 10-year outlook for the global Passenger Vehicle Thermostats market?
What factors are driving Passenger Vehicle Thermostats market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Passenger Vehicle Thermostats market opportunities vary by end market size?
How does Passenger Vehicle Thermostats 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.