Global Automotive Thermostat market size will reach 3810 million US$ by 2025 at a CAGR of 3.7% during the forecast period 2019-2025 | Valuates Reports

Global Automotive Thermostat market size will reach 3810 million US$ by 2025, from 2850 million US$ in 2018, at a CAGR of 3.7% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive Thermostat.

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 thermostat's 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.

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Key Trends:

At present, Major companies in the market are Mahle, Stant, Borgwarner, Hella, Kirnet and Temb etc. In 2015, the global production of the automotive thermostat reached over 628124 (K Units); the gross margin is around 20% during the last five years. At present, there are many domestic manufacturers in China. Most of the domestic companies have less technology and financial ability and they are facing the competition from the foreign companies. As the development of new energy vehicles, more demands will come from the new energy vehicles.

To feed these new demands, automotive thermostat manufacturers need to accelerate the technical upgrading. The new products should be more efficient and beneficial to the environment. To grab more market, the domestic companies have to expand the technology, capital investment and brand influence. To meet the challenge of the domestic companies and keep their leading stage, foreign companies need to increase the technology innovation and speed up the product upgrading. In the future, China will be a market of fierce competition.

The study objectives are:

• To analyze and research the global Automotive Thermostat status and future forecast，involving, production, revenue, consumption, historical and forecast.
• To present the key Automotive Thermostat manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
• To segment the breakdown data by regions, type, manufacturers and applications.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends, drivers, influence factors in global and regions.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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The following manufacturers are covered in this report:

Mahle
Stant
Borgwarner
Hella
Kirpart
Vernet
TAMA
Nippon Thermostat
Gates

Automotive Thermostat Production by Region

United States
Europe
China
Japan
South Korea
India
Other Regions

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Thermostat market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

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