Automotive Thermostat Market

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

  • October-2019
  • PMRREP21682
  • 327 Pages
  • Automotive

Market Overview

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.


Find Out More about the Report Coverage


  • 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.

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.

Customize this Report

Explore Intelligence Tailored to Your Business Goals.

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.

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

Get actionable insights on Ship Repair And Maintenance Services Market

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, and 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.

Explore Persistence Market Research’s expertise in promulgation of the business !

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.

Media Release


Global Market Study on TPMS Battery: Regulations Concerning Road Safety to Drive Revenue Growth

The global TPMS battery market is estimated to be valued at US$ 451.6 Mn by the end of 2018 and is expected to reach US$ 847.4 Mn by the end of 2026, at a CAGR of 8.2% over the forecast period..

Global Market Study on Cycling Power Meter: Tourism Industry to Stage New Opportunities Owing to Rise in Demand for Different Bicycle Types

Cycling Power Meter Market - Industry Value Forecast, Dynamics, growth, potential, segments, market share, Size, online PDF Report, Free Sample Copy, Future projection, Analysis, supply and demand, trends, opportunities, Product types, Regions, overview, Competition Landscape and Dashboard..

Global Market Study on Automotive Solenoids: Vehicle Downsizing Trend to Create Substantial Demand for Automotive Solenoids

Global Automotive Solenoid Market study report offers comprehensive data and information about the important market dynamics and associated growth parameters.

Global Market Study on Automotive Multifunction Switches: Automated Motion Control Operations and Advanced In-car Functionalities Grab the Spotlight

The global automotive multifunction switches market is expected to reach over US$ 4,732 Mn by the end of the forecast period, registering a CAGR of 4%. .

Talk Show:

The Rise of Intelligent Packaging

Personalized, Connected and Sustainable

November 18, 2021 11:00-11:45 AM PST (USA & Canada)
This is a LIVE session
Future Market Insights MarketNgage

Our Clients

Our Clients