Global Market Study on Automotive Thermostat: The Future Lies in Steady Sales of Luxury Vehicles

Automotive Thermostat  Market
  • Report code : PMRREP21682 |
  • Industry : Automotive |
  • Published On : Oct-2019 |
  • Pages : 327 Pages |
  • Format : Automotive Thermostat  Market Automotive Thermostat  Market Automotive Thermostat  Market Automotive Thermostat  Market

The global luxury vehicle market is comparatively less affected by the financial crisis and has shown growth driven by developing markets. Luxury vehicles have more than one thermostat attached to their systems. As luxury vehicle manufacturers are focusing on launching multiple models with various price ranges and user-friendly financing schemes, the demand for luxury vehicles is expected to rise in the near future. For instance, in 2017, luxury vehicle sales in India increased by 17% from 2012 to 2017. Mercedes sold 15,300 units in 2017 at a growth rate of 15.6%, Audi sold 7,876 units, and the BMW sold 9,800 units at a growth rate of 24.6% in the same year.

The global automotive thermostat market is studied with deep understanding of both macro- and micro-economic factors. PMR forecasts the global automotive thermostat market to reach a value of ~US$ 3.1 Bn by the end of the forecast period and project growth at a CAGR of ~3%. The European market is estimated to witness steady growth due to relatively high disposable income along with increasing ownership of luxury vehicles. The region is estimated to hold a prominent share in the automotive thermostat market during the forecast period.

Increasing Adoption of Hybrid Powertrains in North America

The automotive industry in North America is making efforts to develop fuel-efficient as well as emission-free vehicles. As a result, the global market is witnessing a surge in the production of hybrid vehicles, and is expected to grow significantly in the coming years.

Much like conventional IC engines, hybrid/electric vehicles also need external cooling to avoid overheating of motors, batteries, powertrain, and other components. The effective cooling of the components in hybrid cars often requires advanced thermostat systems (map-controlled thermostats) with advanced coolants, and sometimes, multiple thermostats for maintaining the temperature of IC engine and water pumps separately. The increase in automobile manufacturing is expected to drive the global automotive thermostat market growth.

Europe’s Market Attractiveness Rising

In terms of market attractiveness by CAGR index, Europe region is expected to remain most attractive market for automotive thermostat during the forecast period. Considerable increase in adoption of vehicles, luxury cars in particular, in the region is expected to contribute to rising demand for automotive thermostats.

Europe is envisaged to gain substantially significant market share as compared to North America, and the trend is likely to continue over the forecast period.

Strategic Expansions of Regional Players Driving Market Growth

The global automotive thermostat market shows a high level of fragmentation, with large number of small players. Key strategies include mergers, acquisitions, and expansion of production capacities to increase their global and regional footprint in the automotive thermostat market. Several manufacturers such as -

  • BorgWarner Inc.
  • Hella KGaA Hueck & Co.
  • Continental AG
  • MAHLE GmbH
  • Robert Bosch GmbH

follow the trend of organic expansion to fulfil the increasing demand for automotive thermostats in the automotive industry. For instance, in 2018, Robert Bosch GmbH acquired Hytec, a longstanding marketing partner engaged in the marketing of hydraulic and automatic solutions, in Sub-Saharan Africa and in 2016, Mahle group expanded its production facility in China by opening new plants for automotive compressors in Changshu, China.

Analysts’ Viewpoint

A widespread view of the automotive thermostat market has led our analysts to conclude that the market is growing at an impressive rate with North America, and Europe holding a relatively large share of the automotive thermostat market. The Europe automotive thermostat market is expected to be an opportunistic market in terms of sales. Increasing demand from the automotive manufacturing industry, is expected to positively impact the automotive thermostat market. The automotive thermostat market is characterized by the presence of few big players in North America and Europe. However, the integration of smart technology in engine thermal management may eliminate automotive thermostat, and is likely to hinder the market growth.

The rapidly growing industrial sector, coupled with rising urbanization in various region such as Asia and Europe, is resulting in improvement in the standard of living, which in turn, remains a key factor responsible for increase in automobile production in the region. Such factors are expected to bolster the growth of the automotive thermostat market during the forecast period.

Automotive Thermostat Market - Scope of the Report

Persistence Market Research (PMR) recently published a market study on the global market for automotive thermostat. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, and restraints, along with detailed information about the automotive thermostat market structure. The market study presents exclusive information about how the automotive thermostat market will grow in the forecast period of 2019-2029.

Key indicators of market growth, which include year-on-year (Y-o-Y) growth of the market, value chain, supply chain analysis, and compounded annual growth rate (CAGR) are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the automotive thermostat market in the forecast period.

The study is relevant for stakeholders in the automotive thermostat market, including automotive thermostat manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the automotive thermostat market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in PMR’s study.

The study also includes statistics as well as facts related to the macro as well as micro economic factors that are impacting developments in the market. It also offers actionable insights based on the future trends in the automotive thermostat market. Furthermore, small businesses and new entrants in the automotive thermostat market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Segments of the Automotive Thermostat Market

PMR’s study on the automotive thermostat market is divided into sales channel, product type, vehicle type, design, and region segments. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

Sales Channel





  • OEM
  • Traditional
  • Passenger Car (PC)
  • Single Valve
  • North America
  • Aftermarket
  • Map Controlled
  • LCV
  • Dual Valve
  • Latin America
  • Housed
  • HCV
  • Europe
  • HEV
  • SEAP
  • Middle East and Africa (MEA)
  • Japan
  • China

Key Questions Answered in PMR’s Automotive Thermostat Market Report

  • Which regions will continue to remain the most profitable regional markets for automotive thermostat market players?
  • Which factors will induce a change in the demand for automotive thermostat during the assessment period?
  • How will changing trends impact the automotive thermostat market?
  • How can market players capture the low-hanging opportunities in the automotive thermostat market in developed regions?
  • Which companies are leading in the automotive thermostat market?
  • What are the winning strategies of stakeholders in the automotive thermostat market to upscale their position in this landscape?

Automotive Thermostat Market: Research Methodology

In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the automotive thermostat market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure accuracy and reliability of the conclusions.

Secondary resources referred by analysts during the production of the automotive thermostat market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary resources and secondary resources acts as a validation from companies in the automotive thermostat market, and makes PMR’s projection on the growth prospects of the automotive thermostat market more accurate and reliable.

Companies covered in Automotive Thermostat Market Report

Company Profiles:

  • BorgWarner Inc. 
  • AC Delco
  • Gates Corporation
  • Continental AG
  • Hella KGaA Hueck & Co.
  • MAHLE GmbH
  • MotoRad Ltd.
  • Robert Bosch GmbH
  • Valeo SA
  • Stant Manufacturing, Inc.
  • Tama Enterprises Co., Ltd.
  • Nippon Thermostat Co. Ltd.
  • Vernet SAS
  • Ningbo Xingci Thermal Electric Appliances Co. Ltd.
  • Kirpart A.S.

Automotive Thermostat Market

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