MarketsandMarkets’ report, “Automotive Thermal Management Market by Application, Technology, Vehicle Type, and Region - Global Forecast to 2025", sees the automotive thermal management market growing at a CAGR of 3.32% from 2018 to 2025, and estimates it to grow from $52.69 Billion in 2018 to $66.10 Billion by 2025. Increasing vehicle production, shifting focus toward vehicle safety and passenger comfort, and increasing stringency in emission regulations are thought to be critical growth factors.
Findings
- Passenger car is estimated to be the largest segment in the Automotive Thermal Management Market
- Waste heat recovery is estimated to be the fastest-growing segment of the Automotive Thermal Management Market
- Asia Oceania is estimated to be the leading market for the Automotive Thermal Management Market
- The study identifies leading players in the Automotive Thermal Management Market as Denso (Japan), Gentherm (US), MAHLE (Germany), Valeo (France), BorgWarner (US), Dana (US), Calsonic Kansei (Japan), Eberspächer (Germany), Continental (Germany), and Schaeffler (Germany). These companies collectively account for a major share of the Automotive Thermal Management Market.
Overheating for more automotive thermal management market stats? Then browse the "Automotive Thermal Management Market" report.
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