Press release
Rising demand for Automotive Thermostat Market Will Hit At CAGR Of 3.81% During Years 2017-2021
About Automotive Thermostat
An automotive thermostat is a crucial component of the automotive thermal management system. Advances in vehicle engines have contributed to various new enhancements in automotive thermal management systems to cope with the increased operating temperatures. The automotive industry is increasingly driven by changing consumer needs to accommodate convergence of connectivity and electrification. Automakers are predisposed to develop energy-efficient vehicles and are focusing on increasing the efficiency of their vehicles by replacing mechanical parts with electronic parts for reducing the number of moving components and for decreasing weight.
Technavios analysts forecast the global automotive thermostat market to grow at a CAGR of 3.81% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global automotive thermostat market for 2017-2021. To calculate the market size, the report considers the new installations, sales, and volume.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Automotive Thermostat Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
MAHLE
BorgWarner
HELLA
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Other prominent vendors
ACDelco
Dongguan Yaxun Electronic Hardware Product
Fishman Thermo Technologies
Gates Corporation
Kirpart
Magal Group
Nippon Thermostat
Stant
TAMA
Vernet
Market driver
Rising demand for passenger vehicles
For a full, detailed list, view our report
Market challenge
Insufficient quantity of coolant
For a full, detailed list, view our report
Market trend
Development of electronic thermostats
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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