What’s Happening in Automotive Thermostat Market 2018-2026 Top Key Vendors BorgWarner Inc.,AC Delco,Gates Corporation,Continental AG,Hella KGaA Hueck ,MAHLE GmbH,MotoRad Ltd.,Robert Bosch GmbH,Valeo SA,Stant Manufacturing,Tama Enterprises,Nippon Thermos

The global automotive thermostat market is estimated to be valued at US$ 2,182.8 Mn by the end of 2018 and is expected to reach US$ 2,820.5 Mn by the end of 2026, with a CAGR of 3.3% over the forecast period. The global automotive thermostat market is anticipated to represent an incremental opportunity of US$ 637.7 Mn between 2018 and 2026.

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Factors influencing the growth of the global automotive thermostat market

The demand for automotive thermostats is directly driven by the increase in automotive production in key regions such as SEA and Pacific, China and India, among others. Moreover, the disposable income of the global population has increased considerably in the past few years. Attributing to this, the demand for passenger cars and commercial vehicles has also ramped up. This is expected to be one of the prime reasons promoting the growth of the automotive thermostat market across the globe. Furthermore, the increasing focus towards e-mobility has raised eyebrows on concept hybrid vehicles. The demand for hybrid electric vehicles has witnessed incremental growth in the past few years, which is expected to further create opportunities for the augmentation of the automotive thermostat market in the near future.

Global automotive thermostat market segmentation and forecast

The global automotive thermostat market can be segmented on the basis of thermostat type, vehicle type, sales channel, design and region. On the basis of thermostat type, the global automotive thermostat market can be segmented into traditional thermostats, map controlled thermostats and housed thermostats. On the basis of vehicle type, the market can be segmented into passenger cars, light commercial vehicles, heavy commercial vehicles and hybrid electric vehicles. On the basis of sales channel, the market can be segmented into Original Equipment Manufacturer (OEM) and Aftermarket. Based on the type of design, the market can be segmented into single valve and dual valve. Significant regions covered in the report include North America, Latin America, Europe, SEA & Pacific, China, Japan, and the Middle East & Africa.

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Global Automotive Thermostat Market Analysis by Thermostat Type

The housed thermostat segment is projected to account for a 68.6% volume share in the global automotive thermostat market by the end of 2026, with a CAGR of 3.1% over the forecast period.

Global Automotive Thermostat Market Analysis by Vehicle Type

By vehicle type, the passenger car segment is projected to dominate the global automotive thermostat market in 2018. The segment is estimated to account for a market value share of 68.7% by the end of 2026.

Global Automotive Thermostat Market Analysis by Type of Design

By design type, the single valve segment is projected to dominate the global automotive thermostat market in 2018. The single valve segment is expected to account for a 68.6% market value share by the end of 2026.

Global Automotive Thermostat Market Analysis by Sales Channel

The OEM segment is projected to account for a 46.6% volume share in the global automotive thermostat market by the end of 2026, with a CAGR of 3.7% over the forecast period.

Global Automotive Thermostat Market Dynamics

The global automotive thermostat market is estimated to be driven by the increasing production of vehicles across the globe. Healthy growth in the automotive industry will also be a prime factor supplementing market growth. Moreover, as the emphasis on improving engine performance increases across the globe, the demand for advanced engine cooling system components is expected to augment in the near future. This is one of the prime reasons expected to promote the growth of automotive thermostats in the near future. Moreover, as the adoption of hybrid vehicles increases with increasing investments in developing charging infrastructure in developed regions such as North America and Europe, the demand for automotive thermostats is expected to further ramp up in the coming years.

The demand for heavy commercial vehicles for use in agricultural purposes in regions such as Latin America has also increased. This is expected to further increase the demand for automotive thermostats over the forecast period. Furthermore, the global premium vehicle market is comparatively less affected by the financial crisis and has shown growth driven by developing markets. This is expected to create opportunities for the augmentation of the automotive thermostat market in the coming years.

On the other hand, one of the key challenges, which may hamper the sales revenue of thermostat manufacturers is the integration of smart technology in engine thermal management, which may subsequently eliminate the use of thermostats. Furthermore, counterfeiting in the aftermarket is one of the key reasons which may pose a threat to the growth of the market. As counterfeit thermostats penetrate the market, product quality decreases, which may hamper the brand image of key manufacturers, subsequently restraining the growth of the automotive thermostat market in the coming years.

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Table of Content:

1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune

2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Parent Market Overview
2.4. Impact Analysis
2.4.1. Impact of Hybrid Electric Vehicles on Global Thermostat Market
2.4.2. Impact of Electric Vehicles on Global Thermostat Market

3. Market Background
3.1. Porter’s Analysis
3.2. Macro-Economic Factors
3.3. Forecast Factors – Relevance & Impact
3.4. Value Chain
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunity
3.5.4. Trends

4. Market Forecast
4.1. Market Volume Projections
4.2. Pricing Analysis
4.3. Market Size Projections
4.3.1. Y-o-Y Projections
4.3.2. Absolute $ Opportunity Analysis

5. Global Automotive Thermostat Market Analysis 2013–2017 and Forecast 2018–2026, By Design
5.1. Introduction
5.2. Historical Market Size (US$ Mn) and Volume Analysis By Design (2013-2017)
5.3. Market Size (US$ Mn) and Volume Forecast By Design (2018-2026)
5.3.1. Single Valve
5.3.2. Dual Valve
5.4. Market Attractiveness Analysis By Design

6. Global Automotive Thermostat Market Analysis 2013–2017 and Forecast 2018–2026, By Thermostat Type
6.1. Introduction
6.2. Historical Market Size (US$ Mn) and Volume Analysis By Thermostat Type (2013-2017)
6.3. Market Size (US$ Mn) and Volume Forecast By Thermostat Type (2018-2026)
6.3.1. Traditional Thermostat
6.3.2. Map Controlled Thermostat
6.3.3. Housed Thermostat
6.4. Market Attractiveness Analysis By Thermostat Type

7. Global Automotive Thermostat Market Analysis 2013–2017 and Forecast 2018–2026, By Vehicle Type
7.1. Introduction
7.2. Historical Market Size (US$ Mn) and Volume Analysis By Vehicle Type (2013-2017)
7.3. Market Size (US$ Mn) and Volume Forecast By Vehicle Type (2018-2026)
7.3.1. Passenger Cars
7.3.2. LCV (Light Commercial Vehicles)
7.3.3. HCV (Heavy Commercial Vehicles)
7.3.4. HEV (Hybrid Electric Vehicles)
7.4. Market Attractiveness Analysis By Vehicle Type

8. Global Automotive Thermostat Market Analysis 2013–2017 and Forecast 2018–2026, By Sales Channel
8.1. Introduction
8.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel (2013-2017)
8.3. Market Size (US$ Mn) and Volume Forecast By Sales Channel (2018-2026)
8.3.1. OEM (Original Equipment Manufacturer)
8.3.2. Aftermarket
8.4. Market Attractiveness Analysis By Sales Channel

9. Global Automotive Thermostat Market Analysis 2013–2017 and Forecast 2018–2026, By Region
9.1. Introduction
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Region (2013-2017)
9.3. Market Size (US$ Mn) and Volume Forecast By Region (2018-2026)
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. SEA and Other APAC
9.3.5. China
9.3.6. Japan
9.3.7. MEA
9.4. Market Attractiveness Analysis By Region

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