Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Thermal System Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Automotive Thermal System Market?
The market size of the Automotive Thermal System Global Market Report 2025 has experienced a steady rise. The market size is predicted to increase from $42.15 billion in 2024 to $43.71 billion in 2025, with a compound annual growth rate (CAGR) of 3.7%.
What Are the Expected Market Growth Trends for the Automotive Thermal System Market Through 2029?
In 2029, the global automotive thermal system market is projected to reach a size of $54.36 billion, advancing at a compound annual growth rate (CAGR) of 5.6%.
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What Are the Key Business Drivers in the Automotive Thermal System Market Landscape?
The key drivers in the automotive thermal system market are:
• Stricter emission standards driving development of more efficient thermal systems
• Technological advancements in the electric vehicle sector
• Increased climate control requirements in vehicles
• Shift towards electrification, hybridization, and adoption of advanced engine technologies
How Is the Automotive Thermal System Market Divided Across Key Categories?
The automotive thermal system market covered in this report is segmented –
1) By Component: Compressor, HVAC, Powertrain Cooling, Fluid Transport
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Other Vehicle Types
3) By Application: Front And Rear A Or c, Engine and Transmission, Seat, Battery, Motor, Waste Heat Recovery, Power Electronics
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What Are the Ongoing Trends in the Automotive Thermal System Market?
The key trends in the automotive thermal system market are:
• Electrification and hybridization are crucial emerging trends.
• There's a strong movement towards advanced engine technologies.
• The adoption of advanced cooling solutions is a growing trend.
• Innovations in materials and insulation, along with globalization and standardization, are developing trends.
Which Companies are Expanding in the Automotive Thermal System Industry?
Major players in the automotive thermal system market are:
• Continental AG
• Denso Corporation
• Dana Incorporated
• Grayson Thermal Systems
• Gentherm Incorporated
• Hanon Systems
• Lennox International Inc.
• Modine Manufacturing Company Inc.
• Mahle Behr GmbH & Co. KG
• Robert Bosch GmbH
• Valeo SA
• Visteon Corporation
• Calsonic Kansei Corp.
• Schaeffler Technologies AG & Co. KG
• Johnson Electric Holdings Limited
• Diakin Industries Ltd.
• Sanden Corporation
• United Technologies Corporation
• BorgWarner Inc.
• Marelli Corporation
• Behr GmbH & Co KG
• Delphi Technologies
• Eberspaecher Group
• Hella GmbH & Co KGaA
• Siemens AG
• Webasto SE
• ZF Friedrichshafen AG
• Bergstrom Inc.
• Kongsberg Automotive
Which is the Largest Region the Global Automotive Thermal System Market?
Asia-Pacific was the largest region in the automotive thermal systems market share in 2024
