Press release
Automotive Thermostat Market: Likely to Touch a Figure of US$ 2,094.5 Million Through 2025
The global market for the automotive thermostat is estimated to account for a market value of US$ 2,094.5 Million through 2025 end up from a value at US$ 1,598.3 Million during 2017. The market is set to increase at a 3.4% CAGR during the predicted period.
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Global Automotive Thermostat Market Likely to Touch a Figure of US$ 2,094.5 Million Through 2025
Market Segmentation
Based on the design, the overall market includes dual valve and single valve. The single valve design is likely to grow highly attractive in the global market for automotive thermostat all through the predicted period. However, the dual valve category is likely to capture a minimum share in the overall market all through the predicted period. Nevertheless, this category is estimated to witness a firm growth rate all through the predicted period.
Based on the sales channel, the worldwide market includes aftermarket and OEM. The OEM category will be accounting for a market share of 57.04% by the end of the year 2025, up from 56.62% by 2017.
On the basis of the vehicle type, the worldwide market includes HCV, LCV and PC. The passenger vehicle type will be accounting for a market share of 73.6% by the end of the year 2025, up from 73.1% during 2017. The heavy commercial vehicle type is projected to attain 4.7% by 2025. Both HC and LCV vehicle type is likely to exhibit strong growth in the global market for automotive thermostat.
On the basis of region, the overall market includes North America, Middle East & Africa, Latin America, Asia Pacific and Europe. The APAC market is considered to remain highly attractive all through the predicted period. North America regional market is also probable to demonstrate comparatively sturdy growth over the said period.
Key Market Players
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Some of the major companies operating in the overall market for automotive thermostat include
Denso Corporation
Continental AG
BorgWarner Inc.
MotoRad Ltd.
MAHLE GmbH
Hella KGaA Hueck & Co.
Valeo SA
Sogefi S.p.A.
Kraça Holding Enterprise
Robert Bosch GmbH
Nippon Thermostat Co. Ltd.
Tama Enterprises Co., Ltd.
Stant Manufacturing, Inc.
Ningbo Xingci Thermal Electric Appliances Co. Ltd.
Vernet SAS
Others
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