Market Overview:
The global thermal management system for passenger cars market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and rising concerns about vehicle emissions. The electric fan segment is expected to dominate the global thermal management system for passenger cars market during the forecast period, owing to its low cost and easy installation.
Product Definition:
Thermal management system for passenger cars is a system that helps manage the temperature inside the car. It does this by regulating the flow of air and heat to and from the car. This is important because it helps keep the passengers comfortable and safe.
Electric Fan:
An electric fan is a device used to move the air in an automobile for cooling or heating purposes. The basic function of an electric fan is to provide forced air flow for dispersing heat and removing moist air from a car interior. An electric fan consists of a motor, blades, grill, ductwork (if required), and controls that are usually mounted on the dashboard or console of an automobile.
Electric Water Pump:
An electric water pump is a device used to move water. It is mainly used in thermal management systems for passenger cars. The working principle of an electric water pump is based on the suction lift and discharge mechanism. An electric motor acts as the prime mover, while a variable speed drive system controls the flow rate of fluid through the impellers or blades present in the pump head.
Application Insights:
The transportation segment dominated the global thermal management system for passenger cars market in 2017 and is expected to witness significant growth over the forecast period. The demand for vehicles is growing significantly across various regions owing to rising disposable income, increasing standard of living, changing consumer preferences, and expanding industrial output.
The logistics sector also holds promising growth prospects as it has been observed that temperature control equipment failure may result in a loss of revenue if proper safety measures are not taken during transport operations. In addition, improper handling or shipment may subject products to damage which could lead to financial losses depending upon the value of goods being transported. Therefore, companies operating in this industry are required to ensure efficient cooling systems so as not lose any potential opportunity out there waiting for them at a price they can bear.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has led to an increase in passenger car production. China, India, Japan, South Korea and Taiwan are among the top 10 vehicle manufacturers globally. Asia Pacific is also home to several OEMs that supply components or complete vehicles under brand name or generic ones such as Toyota Corolla (India), Tata Nano (India) and Volkswagen Beetle (Germany).
The European regional market held a significant share in 2017 owing to stringent government regulations regarding automotive pollution control systems installation on new cars since 2010. Moreover, Europe's automotive industry was one of the most affected sectors by COVID-19; therefore demand for thermal management system products will be low during this period as compared to other regions.
Growth Factors:
- Increasing demand for thermal management system in passenger cars from the developing countries due to the increase in disposable income and growth of automotive industry.
- Growing trend of miniaturization and lightweighting of electronic components in passenger cars, which is resulting in increased demand for thermal management systems.
- Development of new technologies such as semiconductor devices, LED lighting, and electric vehicles that are increasing the heat dissipation requirement for thermal management systems.
- Stringent government regulations mandating use of advanced safety features and emission control systems in passenger cars are driving the demand for thermal management systems globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Management System for Passenger Cars Market Research Report
By Type
Electric Fan, Electric Water Pump, Radiator, Thermostat
By Application
Transportation, Logistics, Others
By Companies
VALEO SA, SCHAEFFLER AG, BORGWARNER INC., MAHLE GMBH, SOGEFI GROUP, ROBERT BOSCH GMBH, VALEO SA
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Management System for Passenger Cars Market Report Segments:
The global Thermal Management System for Passenger Cars market is segmented on the basis of:
Types
Electric Fan, Electric Water Pump, Radiator, 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
Transportation, Logistics, Others
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:
- VALEO SA
- SCHAEFFLER AG
- BORGWARNER INC.
- MAHLE GMBH
- SOGEFI GROUP
- ROBERT BOSCH GMBH
- VALEO SA
Highlights of The Thermal Management System for Passenger Cars 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:
- Electric Fan
- Electric Water Pump
- Radiator
- Thermostat
- By Application:
- Transportation
- Logistics
- Others
- 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 Thermal Management System for Passenger Cars 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?
A thermal management system (TMS) for passenger cars is a component of the automotive air conditioning and heating systems. It uses sensors to measure the temperature inside and outside of the car, and uses that information to control airflow through vents in the car's cabin. This helps keep passengers comfortable while driving in hot weather conditions.
Some of the key players operating in the thermal management system for passenger cars market are VALEO SA, SCHAEFFLER AG, BORGWARNER INC., MAHLE GMBH, SOGEFI GROUP, ROBERT BOSCH GMBH, VALEO SA.
The thermal management system for passenger cars 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 Thermal Management System for Passenger Cars 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 Thermal Management System for Passenger Cars Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Management System for Passenger Cars 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 Thermal Management System for Passenger Cars 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 Thermal Management System for Passenger Cars Market Size & Forecast, 2020-2028
4.5.1 Thermal Management System for Passenger Cars Market Size and Y-o-Y Growth
4.5.2 Thermal Management System for Passenger Cars 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 Electric Fan
5.2.2 Electric Water Pump
5.2.3 Radiator
5.2.4 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 Transportation
6.2.2 Logistics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Management System for Passenger Cars 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 Thermal Management System for Passenger Cars 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 Electric Fan
9.6.2 Electric Water Pump
9.6.3 Radiator
9.6.4 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 Transportation
9.10.2 Logistics
9.10.3 Others
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 Electric Fan
10.6.2 Electric Water Pump
10.6.3 Radiator
10.6.4 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 Transportation
10.10.2 Logistics
10.10.3 Others
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 Electric Fan
11.6.2 Electric Water Pump
11.6.3 Radiator
11.6.4 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 Transportation
11.10.2 Logistics
11.10.3 Others
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 Electric Fan
12.6.2 Electric Water Pump
12.6.3 Radiator
12.6.4 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 Transportation
12.10.2 Logistics
12.10.3 Others
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 Electric Fan
13.6.2 Electric Water Pump
13.6.3 Radiator
13.6.4 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 Transportation
13.10.2 Logistics
13.10.3 Others
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 Thermal Management System for Passenger Cars Market: Competitive Dashboard
14.2 Global Thermal Management System for Passenger Cars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 VALEO SA
14.3.2 SCHAEFFLER AG
14.3.3 BORGWARNER INC.
14.3.4 MAHLE GMBH
14.3.5 SOGEFI GROUP
14.3.6 ROBERT BOSCH GMBH
14.3.7 VALEO SA
