To expand their product portfolios, major market players are investing heavily in R&D, which will fuel the Automotive Thermal Management System market’s expansion. With significant industry changes like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organisations, market participants are also undertaking a variety of strategic activities to expand their global footprint. Automotive Thermal Management System business competitors must provide affordable products in order to grow and thrive in a market that is becoming more and more competitive.
Manufacturing locally to cut operating costs is one of the main business tactics used by suppliers in the worldwide Automotive Thermal Management System industry to benefit customers and grow the market sector. The Automotive Thermal Management System sector has recently given medicine some of the most important advantages. Major players in the Automotive Thermal Management System market, including Schaeffler Group, Matter, Denso Corp., and others, are attempting to increase market demand by funding R&D initiatives.
A start-up with a strong focus on innovation, Matter develops platforms for electric vehicles of the future and energy storage technologies. The creation of a new high-speed, mid-torque electric motor was announced in March 2022 by Matter, an Ahmedabad-based start-up focused on delivering cutting-edge sustainable solutions. According to the manufacturer, the Matter Drive 1.0 Motor is a brand-new intelligent drive train that has a number of noteworthy innovations, including the Integrated Intelligent Thermal Management System.
Research Methodology:
After learning about the automobile thermal system market environment through secondary research, extensive study was carried out. With market specialists from both the demand- (OEMs) and supply-side (thermal system integrators and component manufacturers) in the four key geographic areas of North America, Europe, Asia Pacific, and Rest of the World, several interviews have been done. The demand and supply sides, respectively, have been the subject of about 30% and 70% of primary interviews. Through the use of surveys, emails, and telephone interviews, data has been gathered. To provide our study a comprehensive perspective, we tried to thoroughly canvass all organisational divisions, including sales, operations, and marketing. The primary participants share is given below:
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Automotive Thermal Management Market based on Component:
- Compressor
- HVAC
- Powertrain
- Cooling
- Fluid Transport
Automotive Thermal Management Market based on Vehicle type:
- Passenger vehicles
- Commercial vehicles
Automotive Thermal Management Market on Application:
- Front & Rear A/C
- Engine and Transmission
- Seat Battery
- Motor
- Waste Heat Recovery
Automotive Thermal Management based on Geography:
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Compressor, HVAC, powertrain cooling, and fluid transfer are among the market segments for Automotive Thermal Management Systems based on component. In 2021, the compressor market category accounted for the majority of the revenue generated by automotive thermal management systems, with a contribution of about 45%. One of the key drivers fueling the market’s expansion is the rising use of compressors in the A/C systems to remove the warm air from the car’s interior.
Commercial vehicles and passenger cars are both included in the segmentation of the global Automotive Thermal Management System market based on Vehicle Type. During the projection period, 2022–2030, the sector for passenger vehicles is expected to increase at the fastest rate. This segment dominated the market in 2021. The increased demand for alternative fuel vehicles in the segment, as well as advantageous government policies and subsidies, are expected to stimulate demand in the passenger segment. Consequently, the growth of the market is positively impacted by increasing applications for Automotive Thermal Management Systems.
The front and rear A/C, engine and gearbox, seat, battery, motor, waste heat recovery, and power electronics are the several applications that the worldwide Automotive Thermal Management System market data has been divided into. During the projection period, 2022–2030, the waste heat recovery sector, which dominated the market in 2021, is expected to develop at a faster rate. Increased commercial vehicle sales, the adoption of exhaust gas recirculation (EGR) and turbochargers as standard fittings, and the implementation of waste heat recovery technology in petrol vehicles are some of the key factors influencing the market’s expansion.
The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world, by region. The market for automotive thermal management systems in North America reached a value of USD 18.7 billion in 2021 and is anticipated to increase at a substantial CAGR throughout the research period. The market is anticipated to rise as a result of factors including rising government emission standards and increased demand for commercial cars. A sizeable portion of the market is anticipated to be accounted for by Europe, and throughout the forecast period, this region is anticipated to expand quickly due to factors including the presence of significant industry participants and rising demand for luxury passenger cars.
- This report illustrates the most vital attributes of the Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Market.
List of Tables
TABLE 1. AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 2. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR COMPRESSOR, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 3. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR HVAC, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 4. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR POWERTRAIN, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 5. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR COOLING, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 6. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR FLUID TRANSPORT, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 7. AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 8. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR PASSENGER VEHICLES, 2021-2030 (USD BILLION)
TABLE 9. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR COMMERCIAL VEHICLES, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 10. AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 11. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR FRONT & REAR A/C, 2021-2030 (USD BILLION)
TABLE 12. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR ENGINE AND TRANSMISSION, 2021-2030 (USD BILLION)
TABLE 13. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR SEAT BATTERY, 2021-2030 (USD BILLION)
TABLE 14. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR MOTOR, 2021-2030 (USD BILLION)
TABLE 15. AUTOMOTIVE THERMAL MANAGEMENT MARKET FOR WASTE HEATRECOVERY, 2021-2030 (USD BILLION)
TABLE 16. NORTH AMERICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 17. NORTH AMERICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 18. NORTH AMERICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 19. NORTH AMERICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 20. U.S AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 21. U.S AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 22. U.S AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 23. CANADA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 24. CANADA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 25. CANADA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 26. MEXICO AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 27. MEXICO AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 28. MEXICO AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 29. EUROPE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 30. EUROPE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 31. EUROPE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 32. EUROPE AUTOMOTIVE THERMAL MANAGEMENT MARKET, RANGE, 2021-2030 (USD BILLION)
TABLE 33. GERMANY AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 34. GERMANY AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 35. GERMANY AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 36. U.K AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 37. U.K AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 38. U.K AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 39. FRANCE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 40. FRANCE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 41. FRANCE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 42. ITALY AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 43. ITALY AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 44. ITALY AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 45. SPAIN AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 46. SPAIN AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 47. SPAIN AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 48. ROE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 49. ROE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 50. ROE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 51. ASIA PACIFIC AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 52. ASIA PACIFIC AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 53. ASIA PACIFIC AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 54. ASIA PACIFIC AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 55. CHINA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 56. CHINA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 57. CHINA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 58. INDIA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 59. INDIA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 60. INDIA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 61. JAPAN AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 62. JAPAN AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 63. JAPAN AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 64. REST OF APAC AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 65. REST OF APAC AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 66. REST OF APAC AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 67. LATIN AMERICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 68. LATIN AMERICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 69. LATIN AMERICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 70. BRAZIL AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 71. BRAZIL AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 72. BRAZIL AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 73. ARGENTINA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 74. ARGENTINA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 75. ARGENTINA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 76. MIDDLE EAST AND AFRICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 77. MIDDLE EAST AND AFRICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 78. MIDDLE EAST AND AFRICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 79. SAUDI ARABIA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 80. SAUDI ARABIA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 81. SAUDI ARABIA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 82. UAE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 83. UAE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 84. UAE AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 85. REST OF MIDDLE EAST AND AFRICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY COMPONENT, 2021-2030 (USD BILLION)
TABLE 86. REST OF MIDDLE EAST AND AFRICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY VEHICLE TYPE, 2021-2030 (USD BILLION)
TABLE 87. REST OF MIDDLE EAST AND AFRICA AUTOMOTIVE THERMAL MANAGEMENT MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 88. DENSO CORPORATION (JAPAN): FINANCIALS
TABLE 89. DENSO CORPORATION (JAPAN): PRODUCTS & SERVICES
TABLE 90. DENSO CORPORATION (JAPAN): RECENT DEVELOPMENTS
TABLE 91. MODINE MANUFACTURING COMPANY (US): FINANCIALS
TABLE 92. MODINE MANUFACTURING COMPANY (US): PRODUCTS & SERVICES
TABLE 93. MODINE MANUFACTURING COMPANY (US): RECENT DEVELOPMENTS
TABLE 94. MAHLE GMBH (GERMANY): FINANCIALS
TABLE 95. MAHLE GMBH (GERMANY): PRODUCTS & SERVICES
TABLE 96. MAHLE GMBH (GERMANY): RECENT DEVELOPMENTS
TABLE 97. VALEO (FRANCE): FINANCIALS
TABLE 98. VALEO (FRANCE): PRODUCTS & SERVICES
TABLE 99. VALEO (FRANCE): RECENT DEVELOPMENTS
TABLE 100. GENTHERM (US): FINANCIALS
TABLE 101. GENTHERM (US): PRODUCTS & SERVICES
TABLE 102. GENTHERM (US): RECENT DEVELOPMENTS
TABLE 103. HANON SYSTEMS (SOUTH KOREA): FINANCIALS
TABLE 104. HANON SYSTEMS (SOUTH KOREA): PRODUCTS & SERVICES
TABLE 105. HANON SYSTEMS (SOUTH KOREA): RECENT DEVELOPMENTS
TABLE 106. DUPONT (US): FINANCIALS
TABLE 107. DUPONT (US): PRODUCTS & SERVICES
TABLE 108. DUPONT (US): RECENT DEVELOPMENTS
TABLE 109. CONTINENTAL AG (GERMANY): FINANCIALS
TABLE 110. CONTINENTAL AG (GERMANY): PRODUCTS & SERVICES
TABLE 111. CONTINENTAL AG (GERMANY): RECENT DEVELOPMENTS
TABLE 112. RENESAS ELECTRONICS CORPORATION (JAPAN): FINANCIALS
TABLE 113. RENESAS ELECTRONICS CORPORATION (JAPAN): PRODUCTS & SERVICES
TABLE 114. RENESAS ELECTRONICS CORPORATION (JAPAN): RECENT DEVELOPMENTS
TABLE 115. YMER TECHNOLOGY (SWEDEN): FINANCIALS
TABLE 116. YMER TECHNOLOGY (SWEDEN): PRODUCTS & SERVICES
TABLE 117. YMER TECHNOLOGY (SWEDEN): RECENT DEVELOPMENTS