Market Overview:
The global commercial vehicle thermostat market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles across the globe. In addition, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. The global commercial vehicle thermostat market is segmented on the basis of type, application and region. On the basis of type, it is divided into insert thermostats and housing thermostats. The insert thermostat segment dominates this market owing to its low installation cost as compared to housing thermastats. On the basis of application, it is classified into light duty vehicles and heavy duty vehicles segments.
Product Definition:
A thermostat is a device that regulates the temperature of a system. The commercial vehicle thermostat is important because it helps maintain the temperature of the engine and keeps it running at an optimal level. This prevents any damage to the engine and also ensures that it runs smoothly.
Insert Thermostat:
An insert thermostat is a device that regulates the temperature of an automobile cabin by monitoring the temperature difference between a user-defined location and the environment. The device can be inserted in different positions in order to monitor air or engine temperatures. An insert thermostat has several benefits over conventional devices including high accuracy, low power consumption, and easy installation/ removal.
Housing Thermostat:
A housing thermostat is a device that regulates the temperature of an automobile. It is installed in the vehicle's engine compartment and controls the flow of heat from one location to another. The primary function of this product is to protect engines from overheating, which can damage its components including bearings, pistons, and other critical engine parts.
The global commercial vehicle thermostat market size was valued at USD 1.5 billion in 2016.
Application Insights:
The heavy-duty segment dominated the global commercial vehicle thermostat market in terms of revenue share in 2017. The segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to the growing demand for trucks, buses and coaches across various regions including Asia Pacific, North America and Europe. In addition, increasing R&D activities by key industry participants are likely to result in introduction of advanced products catering specific requirements which will further propel growth over the forecast period.
Light duty vehicles include passenger cars as well as light trucks such as mini vans or pick-up (light utility) trucks with GVWR less than 10 tonsne.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for commercial vehicles, particularly in developing countries such as China and India. Growing urbanization, coupled with rising disposable incomes of consumers, is likely to boost automotive sales across these nations which will subsequently drive the regional market.
The European region accounted for a significant share of revenue in 2017 owing to growing automotive industry coupled with stringent government regulations regarding fuel economy of commercial vehicles. Moreover, presence of major players such as Continental AG; ZF Friedrichshafen AG; Autoliv Inc.; and Robert Bosch GmbH & Co.
Latin America held a considerable share within the global market owing to increasing focus on improving road infrastructure across this part of globe thereby boosting product demand from OEMs as well as aftermarket services providers (ASP).
Growth Factors:
- Increasing demand for commercial vehicles due to rising disposable income and urbanization
- Technological advancements in commercial vehicle thermostats that offer enhanced performance and efficiency
- Stringent government regulations for fuel economy and emissions that promote the use of commercial vehicle thermostats
- Growing demand from emerging markets such as China, India, Brazil, etc.
- Rising awareness about the benefits of using commercial vehicle thermostats among fleet operators
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Thermostat Market Research Report
By Type
Insert Thermostat, Housing Thermostat
By Application
Light, Heavy Duty
By Companies
Mahle, Stant, Arlington Industries Group, Hella, Kirpart, Vernet, TAMA, Nippon Thermostat, Gates, BG Automotive, Dongfeng-Fuji-Thomson, Ningbo Xingci Thermal, Wantai Auto Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Thermostat Market Report Segments:
The global Commercial Vehicle Thermostat market is segmented on the basis of:
Types
Insert Thermostat, Housing Thermostat
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light, Heavy Duty
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mahle
- Stant
- Arlington Industries Group
- Hella
- Kirpart
- Vernet
- TAMA
- Nippon Thermostat
- Gates
- BG Automotive
- Dongfeng-Fuji-Thomson
- Ningbo Xingci Thermal
- Wantai Auto Electric
Highlights of The Commercial Vehicle Thermostat Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Insert Thermostat
- Housing Thermostat
- By Application:
- Light
- Heavy Duty
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle Thermostat Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A commercial vehicle thermostat is a device that regulates the temperature of a commercial vehicle.
Some of the major players in the commercial vehicle thermostat market are Mahle, Stant, Arlington Industries Group, Hella, Kirpart, Vernet, TAMA, Nippon Thermostat, Gates, BG Automotive, Dongfeng-Fuji-Thomson, Ningbo Xingci Thermal, Wantai Auto Electric.
The commercial vehicle thermostat market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle Thermostat Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Vehicle Thermostat Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle Thermostat Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Vehicle Thermostat Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Vehicle Thermostat Market Size & Forecast, 2020-2028
4.5.1 Commercial Vehicle Thermostat Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle Thermostat Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Insert Thermostat
5.2.2 Housing Thermostat
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Light
6.2.2 Heavy Duty
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle Thermostat Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Vehicle Thermostat Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Insert Thermostat
9.6.2 Housing Thermostat
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Light
9.10.2 Heavy Duty
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Insert Thermostat
10.6.2 Housing Thermostat
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Light
10.10.2 Heavy Duty
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Insert Thermostat
11.6.2 Housing Thermostat
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Light
11.10.2 Heavy Duty
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Insert Thermostat
12.6.2 Housing Thermostat
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Light
12.10.2 Heavy Duty
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Insert Thermostat
13.6.2 Housing Thermostat
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Light
13.10.2 Heavy Duty
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Vehicle Thermostat Market: Competitive Dashboard
14.2 Global Commercial Vehicle Thermostat Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mahle
14.3.2 Stant
14.3.3 Arlington Industries Group
14.3.4 Hella
14.3.5 Kirpart
14.3.6 Vernet
14.3.7 TAMA
14.3.8 Nippon Thermostat
14.3.9 Gates
14.3.10 BG Automotive
14.3.11 Dongfeng-Fuji-Thomson
14.3.12 Ningbo Xingci Thermal
14.3.13 Wantai Auto Electric
