The automotive thermal system comprises heating ventilation and air conditioning, battery thermal management, powertrain device cooling, and waste heat recovery. The shifting preference of customers to lightweight automotives has also led to the growth of the automotive thermal system market.
Albany, NY -- (SBWIRE) -- 04/29/2016 -- This market research study analyzes the automotive thermal system market on a global level and provides estimates in terms of revenue (USD billion) from 2014 to 2020. It gives a comprehensive overview of the automotive thermal system industry from all the important aspects of the market. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.
Automotive thermal systems can be segmented by components into compressor, HVACs, powertrain cooling and fluid transport. The automotive thermal system enhances the comfort of travelling in the vehicle and manages the temperature of the key components in the vehicle. For example the powertrain cooling system takes care of powertrain and prevents it from overheating or freezing. By geography, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). The current market size and forecast until 2020 have been provided in the report.
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Increase in demand for automotive heating systems is among the major drivers of the automotive thermal system market. Automotive heating and cooling systems require sensors that can detect the engine and cabin temperatures.. Moreover, increase in demand for luxury cars in the Asia Pacific and Europe regions is also driving the thermal system market. The growth in demand for new advanced HVACs which are much lighter in weight and environment friendly is driving the automotive thermal system market particularly in North America.
Asia Pacific is one of the most attractive regions in automotive thermal system market. The Asia-Pacific is experiencing a steep growth in the automotive thermal system market. Implementation of new technologies such as HVAC systems for thermal heating is driving the market in this region. Moreover, huge Infrastructure development is driving the heavy vehicle market and construction equipment vehicle market, as there is a heavy dependence on these types of vehicles for the purpose of construction activities. Rise in demand for air conditioning in commercial vehicle in Asia-Pacific is also driving the vehicle market. In addition, the developing countries such as India, Japan and China are further boosting the market with the production of huge number of vehicles in the Asia Pacific.
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Europe followed Asia Pacific in terms of market attractiveness. Presence of countries like UK, France, Italy and Germany has lead to considerable growth in the automotive thermal system market due to increased demand of automobiles and change in preference of consumers to smaller, compact and advance HVACs and climate control systems. Moreover the government norms on emission form vehicles are particularly strict in the European countries and thus it requires constant up gradation of components used in the automotive thermal system to keep up with the emission standards. This is further boosting the automotive thermal system market in Europe.
This report provides tactical analysis of the automotive thermal system market and the growth forecast for the period 2014 to 2020. The span of the report includes competitive analysis of various market segments based on the types, module and in detail cross sectional analysis of the automotive thermal system market across diverse geographic segments. To maintain the strategic decision making, the report also includes profiling of leading players in the industry, their market share and various strategy adopted by them. The Porter's Five Forces analysis and market attractiveness analysis is also included in the report provide imminent market dynamics and market competition.
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The report also provides company market share analysis of the various industry participants along with company overview, financial overview, business strategies and recent developments in the field of automotive thermal system market. Major market participants profiled in this report include Behr GmbH & Co. KG, Denso Corporation, Gentherm, Valeo, Delphi Automotive Plc and Vsteon Corp.
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