Market Overview:
The global passenger vehicle thermostats 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 passenger vehicles across the globe. In addition, factors such as technological advancements and rising disposable income are also contributing to the growth of this market. The global passenger vehicle thermostats market is segmented on the basis of type, application and region. On the basis of type, it is divided into insert thermostat and housing thermostat. The insert thermostat segment is expected to grow at a higher CAGR during the forecast period owing to its growing demand in developed countries such as North America and Europe. On the basis of application, it is classified into sedan, pickup truck and SUV segments. The SUV segment accounts for a major share in terms of revenue in this market due to its high demand across all regions studied herein. Geographically, it has been analyzed across North America (U S., Canada), Latin America (Mexico), Europe (Germany France Italy Spain U K.), Asia Pacific (China India Japan South Korea Australia) Middle East & Africa(South Africa Saudi Arabia).
Product Definition:
A thermostat is a device that regulates the temperature of a system by controlling the amount of heat that is allowed to escape. Passenger vehicle thermostats are used to regulate the temperature of a car's interior. They are important because they help keep passengers comfortable and can also help reduce fuel consumption by regulating engine temperatures.
Insert Thermostat:
An insert thermostat is a device that regulates the temperature of an automobile cabin by maintaining a constant heat balance between the environment and the vehicle’s electronics. The most common type of insert thermostat used in passenger vehicles is known as “manual mode”, which can be switched on or off using a switch mounted on its body.
Housing Thermostat:
A housing thermostat is a device that regulates the temperature of an automobile. It is installed in passenger vehicle Thermostats market and works on the principle of resistance heating, where heat generated by the car's engine bay warms up a metal tube inside the thermostat which then opens a valve to allow hot air out of the car instead of cold air in order to maintain constant interior temperature.
Application Insights:
Based on the application, the market is segmented into a sedan, pickup, SUV and others. The SUV segment held around 45% of the overall revenue share in 2017. Increasing demand for passenger vehicles with superior aesthetics and performance has been driving this demand. Furthermore, stringent government regulations regarding air pollution have resulted in increased sales of passenger cars with advanced safety features such as airbags and anti-lock braking systems (ABS). This trend is expected to continue over the forecast period due to increasing consumer preference for larger vehicles that are safer compared to smaller cars or trucks.
The other application category includes Wagon R/V/X/Trucks & Buses which together accounted for close to 10% of total market volume in 2017 owing to rising production volumes across various vehicle types including light commercial vehicles (LCVs), heavy commercial Vehicles (HCVs) and tankers over recent years globally.
Regional Analysis:
North America dominated the global passenger vehicle thermostats market in 2017. The region is expected to witness a considerable CAGR over the forecast period owing to increasing demand for energy-efficient and luxury vehicles. Europe accounted for a significant share of the overall revenue in 2017, owing to rising demand from countries such as Germany and France. Moreover, stringent government regulations regarding vehicular emissions are anticipated to drive product adoption across this region over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period due its large population base and growing economy that demands more reliable modes of transportation with enhanced safety features at affordable prices.
The automotive industry has been witnessing rapid technological advancements since their inception; however these advancements have not always been reflected in thermostat technology within passenger cars or light commercial vehicles (LCVs).
Growth Factors:
- Increasing demand for passenger vehicles
- Technological advancements in thermostats
- Growing awareness about the benefits of using passenger vehicle thermostats
- Rising disposable income of consumers
- Increasing number of online retail stores
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle Thermostats Market Research Report
By Type
Insert Thermostat, Housing Thermostat
By Application
Sedan, Pickup, SUV
By Companies
Nippon Thermostat, Arlington Industries Group, Mahle, Stant Corporation, Qufu TEMB, Kirpart, Fuji Bellows, Ningbo Xingci Thermal, Vernet, INZI Controls, Gates Corporation, Dongfeng-Fuji-Thomson, Ruian Wantai Auto, TAMA, Kuzeh
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Vehicle Thermostats Market Report Segments:
The global Passenger Vehicle Thermostats 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
Sedan, Pickup, SUV
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:
- Nippon Thermostat
- Arlington Industries Group
- Mahle
- Stant Corporation
- Qufu TEMB
- Kirpart
- Fuji Bellows
- Ningbo Xingci Thermal
- Vernet
- INZI Controls
- Gates Corporation
- Dongfeng-Fuji-Thomson
- Ruian Wantai Auto
- TAMA
- Kuzeh
Highlights of The Passenger Vehicle Thermostats 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:
- Sedan
- Pickup
- SUV
- 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 Passenger Vehicle Thermostats 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Passenger Vehicle Thermostats are devices that regulate the temperature inside a car. They are usually found in the dashboard, and they allow drivers to set a desired temperature for their vehicle.
Some of the major players in the passenger vehicle thermostats market are Nippon Thermostat, Arlington Industries Group, Mahle, Stant Corporation, Qufu TEMB, Kirpart, Fuji Bellows, Ningbo Xingci Thermal, Vernet, INZI Controls, Gates Corporation, Dongfeng-Fuji-Thomson, Ruian Wantai Auto, TAMA, Kuzeh.
The passenger vehicle thermostats 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 Passenger Vehicle Thermostats 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 Passenger Vehicle Thermostats Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Vehicle Thermostats 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 Passenger Vehicle Thermostats 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 Passenger Vehicle Thermostats Market Size & Forecast, 2020-2028
4.5.1 Passenger Vehicle Thermostats Market Size and Y-o-Y Growth
4.5.2 Passenger Vehicle Thermostats 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 Sedan
6.2.2 Pickup
6.2.3 SUV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Vehicle Thermostats 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 Passenger Vehicle Thermostats 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 Sedan
9.10.2 Pickup
9.10.3 SUV
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 Sedan
10.10.2 Pickup
10.10.3 SUV
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 Sedan
11.10.2 Pickup
11.10.3 SUV
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 Sedan
12.10.2 Pickup
12.10.3 SUV
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 Sedan
13.10.2 Pickup
13.10.3 SUV
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 Passenger Vehicle Thermostats Market: Competitive Dashboard
14.2 Global Passenger Vehicle Thermostats Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nippon Thermostat
14.3.2 Arlington Industries Group
14.3.3 Mahle
14.3.4 Stant Corporation
14.3.5 Qufu TEMB
14.3.6 Kirpart
14.3.7 Fuji Bellows
14.3.8 Ningbo Xingci Thermal
14.3.9 Vernet
14.3.10 INZI Controls
14.3.11 Gates Corporation
14.3.12 Dongfeng-Fuji-Thomson
14.3.13 Ruian Wantai Auto
14.3.14 TAMA
14.3.15 Kuzeh
