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Automotive Thermal System Market

Automotive Thermal System Market (Component: Compressor, HVAC, Powertrain Cooling, and Fluid Transport; Propulsion Type) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Automotive Thermal System Market Outlook 2031

  • The global automotive thermal system market was valued at US$ 37.22 Bn in 2021
  • It is estimated to expand at a CAGR of 2.79% from 2022 to 2031
  • The global automotive thermal system market is expected to reach value of US$ 50.38 Bn by the end of 2031

Analysts’ Viewpoint on Automotive Thermal System Market Scenario

Rise in demand for luxury vehicles with advanced features & comfort, implementation of stringent emission regulations, increase in demand for front and rear A/C, heated steering, integration of turbocharger in commercial vehicles, and use of smart thermal management solutions in vehicles are anticipated to boost the automotive thermal systems market across the globe. Companies in the automotive thermal system market are focusing on the development of components such as compressor, HVAC, powertrain cooling, and fluid transport. Therefore, the market is estimated to expand at a decent growth rate (CAGR) of 2.79% during the forecast period.

automotive thermal system market

Overview of Automotive Thermal System Market

Automotive thermal system monitors and maintains the temperature of key components of vehicles. It manages temperature of several components such as motor, battery, and cabin in vehicles to offer higher performance, enhanced fuel economy, and superior comfort. Efficient thermal management enables automotive components to operate in the optimum temperature range while also offering enhanced comfort in the vehicle interior through seat heating, front air conditioning, and rear air conditioning.

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Increase in Demand for Luxury Vehicles with Advanced Safety Features, Comfort Systems

Luxury vehicles are equipped with high safety and advanced features. These vehicles are designed to offer comfort features such as heated & cooled comfortable seats, airbags, and heated steering. Rise in disposable income and improvements in living standards have led to greater demand for luxury vehicles. Manufacturers are integrating advanced thermal systems in luxury vehicles to improve performance and fuel-efficiency, which in turn is expected to increase the demand for automotive thermal systems. Therefore, an increase in demand for luxury vehicles with advanced features and comfort systems is anticipated to propel the automotive thermal systems market across the globe.

Thermal management system maintains the operating temperature of key components to reduce the risk of damage to components in vehicles. Manufacturers are integrating smart thermal solutions into new energy vehicles. Moreover, several manufacturers offer smart thermal solutions for automobiles. For instance, Johnson Electric offers thermal management solutions for battery, cabin heating, and power electronics. This integration of thermal management solutions into vehicles is expected to boost the demand for automotive thermal systems.

Integration of Thermal Management Systems in Electric Vehicles to Fuel Market Growth

The global automotive industry has shifted focus on the development of efficient, affordable, long-range, battery-powered passenger vehicles that can compete with and ultimately replace fossil-fuel powered vehicles. Cabin air conditioning, battery cooling, power electronics, and electric motor cooling are vital in battery electric vehicles (BEVs). Battery thermal management and motor thermal management play a significant role in increasing the drive time and performance by efficiently reusing the waste heat. Thus, an increase in the demand for electric vehicles is projected to boost the demand for thermal management systems during the forecast period.

Automakers are investing in electric vehicles to comply with stringent emission regulations introduced by several governments across the globe. The introduction of new electric vehicles in the market by automotive brands has also fueled the need to address safety issues in terms of electric engine batteries. Thermal management systems in electric vehicles aid in keeping battery packs within optimal temperature range to improve efficiency as well as battery lifespan. Thus, enforcement of stringent emission regulations is a key factor that is expected to propel the automotive thermal system market across the globe.

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Environment-friendly and Lightweight Features of Advanced HVAC Equipment Drive Product Demand

In terms of component, the global automotive thermal system market has been classified into compressor, HVAC, powertrain cooling, and fluid transport. The HVAC segment held a major share of 45% in 2021. The segment is estimated to maintain its position in the market and grow at a CAGR of more than 2.82% during the forecast period. The HVAC system provides heat, ventilation, and air-conditioning in a vehicle. Increasing demand for advanced HVACs that are environment-friendly and lightweight are expected to drive the automotive thermal system market. Moreover, HVAC equipment are cost-effective and can optimize productivity, which is expected to further boost the segment in the near future. All these factors are anticipated to propel the automotive thermal system market during the forecast period.

IC Engine Vehicles to Witness High Demand in Global Market

In terms of propulsion type, the global automotive thermal system market has been bifurcated into IC engine vehicles and electric & hybrid vehicles. The IC engine vehicles segment held a major share of 56% in 2021. The segment is estimated to maintain its position in the market and grow at a CAGR of more than 2.76% during the forecast period. IC engine vehicles primarily utilize gasoline or diesel as a fuel, along with the renewable or alternative fuels. In IC engine vehicles, the ignition and combustion of the fuel occurs within the engine itself. Subsequently, the engine partially converts the energy from the combustion to mechanical work, as the expanding combustion gases push the piston, which rotates the crankshaft. This, in turn, is estimated to boost the global automotive thermal system market during the forecast period.

Regional Outlook of Global Automotive Thermal System Market

APAC dominated the global automotive thermal system market, and the region accounted for a major share of the market, in terms of revenue share, in 2021. The trend is expected to continue during the forecast period due to a consistent rise in the demand for passenger vehicles, owing to rapid urbanization, stable economic conditions, and lower interest rates in the region.

APAC has emerged as a hub for automotive production in the past few years. Changing consumer preferences, increase in per capita income of the middle-class population, and cost advantages have prompted OEMs to increase vehicle production in the region. Thus, China, India, and Japan have witnessed a significant increase in vehicle production. Significantly high vehicle production in the region offers considerable opportunity for the automotive thermal system market. Favorable investment policies and availability of cheap labor have also made Asia Pacific an ideal market for automotive OEMs. Increased demand for luxury cars with superior cabin comfort has fueled the demand for automotive thermal system in the region.

This region was followed by North America and Europe, in terms of share of market volume and value. North America and Europe held a significant share of the global automotive thermal system market in 2021. A trend of customization of automobiles is witnessed in these regions, which is driving the market, significantly.

The market in South America is estimated to expand at a sluggish pace in the next five years due to stagnant sales of vehicles in the region, primarily in Brazil.

Analysis of Key Players in Global Automotive Thermal System Market

The global automotive thermal system market is fragmented with a more number of manufacturers controlling the market share and company see the potential to increase the pace of growth by the way of product launches and sales through new channels. Expansion of product portfolios and mergers & acquisitions are major strategies adopted by key players. Some of the key manufacturers identified in the automotive thermal system market across the globe are Continental AG, Denso Corporation, Dana Incorporated, Grayson Thermal Systems, Gentherm Inc., Hanon Systems, Lennox International Inc., Modine Manufacturing Company Inc., MAHLE GmbH, Robert Bosch GmbH, Visteon Corporation, and Valeo SA.

Each of these players has been profiled in the automotive thermal system market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Key Developments in Global Automotive Thermal System Market

  • In February 2021, MAHLE GmbH reached an agreement with Keihin Corporation (now known as Hitachi Astemo, Ltd.) to acquire its thermal management business activities in Japan, Thailand, and the U.S.
  • In August 2019, MAHLE GmbH developed a new battery housing concept with integrated thermal management designed to increase rapid charging capability and vehicle range. The company claims the new housing allows manufacturers to use batteries that are about 40% smaller, which not only reduces the CO2 footprint of the EV but also lowers the demand for raw materials for battery production.

Global Automotive Thermal System Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 37.22 Bn

Market Forecast Value in 2031

US$ 50.38 Bn

Growth Rate

(CAGR)

2.79%

Forecast Period

2022–2031

Historical Data Available for

2017–2021

Quantitative Units

US$ Bn for Value

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Component
    • Compressor
    • HVAC
    • Powertrain Cooling
    • Fluid Transport
  • Vehicle Type
    • Passenger Vehicle
      • Hatchback
      • Sedan
      • Utility Vehicles
    • Light Commercial Vehicles
    • Trucks
    • Buses & Coaches
    • Off-road Vehicle
      • Agriculture Tractors & Equipment
      • Construction & Mining Equipment
    • Industrial Vehicles (Forklift, Etc.)
  • Propulsion Type
    • IC Engine Vehicles
    • Electric & Hybrid Vehicles
  • Application
    • Front & Rear A/C
    • Engine and Transmission
    • Seat
    • Battery
    • Motor
    • Waste Heat Recovery
    • Power Electronics
    • Others

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia & CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC Countries
  • South Africa

Companies Profiled

  • Continental AG
  • Denso Corporation
  • Dana Incorporated
  • Grayson Thermal Systems
  • Gentherm Inc.
  • Hanon Systems
  • Lennox International Inc.
  • Modine Manufacturing Company Inc.
  • MAHLE GmbH
  • Robert Bosch GmbH
  • Valeo SA
  • Visteon Corporation

Customization Scope

Available upon request

Pricing

Available upon request

Automotive Thermal System Market

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Frequently Asked Questions

How big is the automotive thermal system market in 2021?

The automotive thermal system market is valued at US$ 37.22 Bn in 2021

How the automotive thermal system market is expected to grow by 2031?

The automotive thermal system market is expected to grow at a CAGR of 2.79% by 2031

How much worth the automotive thermal system market will be in 2031?

The automotive thermal system market will be worth US$ 50.38 Bn in 2031

How key trends are driving the automotive thermal system market?

Rise in demand for luxury vehicles with advanced features & comfort, implementation of stringent emission regulations, increase in demand for front and rear A/C, heated steering, integration of turbocharger in commercial vehicles, and use of smart thermal management solutions in vehicles are drivers of the automotive thermal system market

Which component segment accounts for the largest share of automotive thermal system market?

The HVAC segment accounts for 45% share of the automotive thermal system market

Which region is most lucrative in the global automotive thermal system market?

Asia Pacific is a most lucrative region in the global automotive thermal system market

Who are the prominent players in automotive thermal system market?

The prominent players operating in the automotive thermal system market are Continental AG, Denso Corporation, Dana Incorporated, Grayson Thermal Systems, Gentherm Inc., Hanon Systems, Lennox International Inc., Modine Manufacturing Company Inc., MAHLE GmbH, Robert Bosch GmbH, Visteon Corporation, and Valeo SA

1. Executive Summary

    1.1. Global Market Outlook

        1.1.1. Market Value US$ Mn, 2017‒2031

    1.2. Competitive Dashboard Analysis

2. Market Overview

    2.1. TMR Analysis and Recommendations

    2.2. Market Coverage / Taxonomy

    2.3. Market Definition / Scope / Limitations

    2.4. Macro-Economic Factors

    2.5. Market Dynamics

        2.5.1. Drivers

        2.5.2. Restraints

        2.5.3. Opportunity

    2.6. Market Factor Analysis

        2.6.1. Porter’s Five Force Analysis

        2.6.2. SWOT Analysis

        2.6.3. Value Chain Analysis

            2.6.3.1. Component Manufacturer

            2.6.3.2. Automotive Thermal System Manufacturers

            2.6.3.3. Assembly and Installation of the Automotive Thermal System

            2.6.3.4. OEM

    2.7. Regulatory Scenario

    2.8. Key Trend Analysis

3. COVID-19 Impact Analysis – Automotive Thermal System Market

4. Global Automotive Thermal System Market, by Component

    4.1. Market Snapshot

        4.1.1. Introduction, Definition, and Key Findings

        4.1.2. Market Growth & Y-o-Y Projections

        4.1.3. Base Point Share Analysis

    4.2. Global Automotive Thermal System Market Size Analysis & Forecast, by Component, 2017‒2031

        4.2.1. Compressor

        4.2.2. HVAC

        4.2.3. Powertrain Cooling

        4.2.4. Fluid Transport

5. Global Automotive Thermal System Market, by Vehicle Type

    5.1. Market Snapshot

        5.1.1. Introduction, Definition, and Key Findings

        5.1.2. Market Growth & Y-o-Y Projections

        5.1.3. Base Point Share Analysis

    5.2. Global Automotive Thermal System Market Size Analysis & Forecast, by Vehicle Type, 2017‒2031

        5.2.1. Passenger Vehicle

            5.2.1.1. Hatchback

            5.2.1.2. Sedan

            5.2.1.3. Utility Vehicles

        5.2.2. Light Commercial Vehicles

        5.2.3. Trucks

        5.2.4. Buses & Coaches

        5.2.5. Off-road Vehicle

            5.2.5.1. Agriculture Tractors & Equipment

            5.2.5.2. Construction & Mining Equipment

        5.2.6. Industrial Vehicles (Forklift, Etc.)

6. Global Automotive Thermal System Market, by Propulsion Type

    6.1. Market Snapshot

        6.1.1. Introduction, Definition, and Key Findings

        6.1.2. Market Growth & Y-o-Y Projections

        6.1.3. Base Point Share Analysis

    6.2. Global Automotive Thermal System Market Size Analysis & Forecast, by Propulsion Type, 2017‒2031

        6.2.1. IC Engine Vehicles

        6.2.2. Electric and Hybrid Vehicles

7. Global Automotive Thermal System Market, by Application

    7.1. Market Snapshot

        7.1.1. Introduction, Definition, and Key Findings

        7.1.2. Market Growth & Y-o-Y Projections

        7.1.3. Base Point Share Analysis

    7.2. Global Automotive Thermal System Market Size Analysis & Forecast, by Application, 2017‒2031

        7.2.1. Front & Rear A/C

        7.2.2. Engine and Transmission

        7.2.3. Seat

        7.2.4. Battery

        7.2.5. Motor

        7.2.6. Waste Heat Recovery

        7.2.7. Power Electronics

        7.2.8. Others

8. Global Automotive Thermal System Market, by Region

    8.1. Market Snapshot

        8.1.1. Introduction, Definition, and Key Findings

        8.1.2. Market Growth & Y-o-Y Projections

        8.1.3. Base Point Share Analysis

    8.2. Global Automotive Thermal System Market Size Analysis & Forecast, by Region, 2017‒2031

        8.2.1. North America

        8.2.2. Europe

        8.2.3. Asia Pacific

        8.2.4. Middle East & Africa

        8.2.5. Latin America

9. North America Automotive Thermal System Market

    9.1. Market Snapshot

    9.2. Automotive Thermal System Market Size Analysis & Forecast, by Component, 2017‒2031

        9.2.1. Compressor

        9.2.2. HVAC

        9.2.3. Powertrain Cooling

        9.2.4. Fluid Transport

    9.3. Automotive Thermal System Market Size Analysis & Forecast, by Vehicle Type, 2017‒2031

        9.3.1. Passenger Vehicle

            9.3.1.1. Hatchback

            9.3.1.2. Sedan

            9.3.1.3. Utility Vehicles

        9.3.2. Light Commercial Vehicles

        9.3.3. Trucks

        9.3.4. Buses & Coaches

        9.3.5. Off-road Vehicle

            9.3.5.1. Agriculture Tractors & Equipment

            9.3.5.2. Construction & Mining Equipment

        9.3.6. Industrial Vehicles (Forklift, Etc.)

    9.4. Automotive Thermal System Market Size Analysis & Forecast, by Propulsion Type, 2017‒2031

        9.4.1. IC Engine Vehicles

        9.4.2. Electric and Hybrid Vehicles

    9.5. Automotive Thermal System Market Size Analysis & Forecast, by Application, 2017‒2031

        9.5.1. Front & Rear A/C

        9.5.2. Engine and Transmission

        9.5.3. Seat

        9.5.4. Battery

        9.5.5. Motor

        9.5.6. Waste Heat Recovery

        9.5.7. Power Electronics

        9.5.8. Others

    9.6. Key Country Analysis – North America Automotive Thermal System Market Size Analysis & Forecast, 2017‒2031

        9.6.1. U.S.

        9.6.2. Canada

10. Europe Automotive Thermal System Market

    10.1. Market Snapshot

    10.2. Automotive Thermal System Market Size Analysis & Forecast, by Component, 2017‒2031

        10.2.1. Compressor

        10.2.2. HVAC

        10.2.3. Powertrain Cooling

        10.2.4. Fluid Transport

    10.3. Automotive Thermal System Market Size Analysis & Forecast, by Vehicle Type, 2017‒2031

        10.3.1. Passenger Vehicle

            10.3.1.1. Hatchback

            10.3.1.2. Sedan

            10.3.1.3. Utility Vehicles

        10.3.2. Light Commercial Vehicles

        10.3.3. Trucks

        10.3.4. Buses & Coaches

        10.3.5. Off-road Vehicle

            10.3.5.1. Agriculture Tractors & Equipment

            10.3.5.2. Construction & Mining Equipment

        10.3.6. Industrial Vehicles (Forklift, Etc.)

    10.4. Automotive Thermal System Market Size Analysis & Forecast, by Propulsion Type, 2017‒2031

        10.4.1. IC Engine Vehicles

        10.4.2. Electric and Hybrid Vehicles

    10.5. Automotive Thermal System Market Size Analysis & Forecast, by Application, 2017‒2031

        10.5.1. Front & Rear A/C

        10.5.2. Engine and Transmission

        10.5.3. Seat

        10.5.4. Battery

        10.5.5. Motor

        10.5.6. Waste Heat Recovery

        10.5.7. Power Electronics

        10.5.8. Others

    10.6. Key Country Analysis – Europe Automotive Thermal System Market Size Analysis & Forecast, 2017‒2031

        10.6.1. Germany

        10.6.2. U. K.

        10.6.3. France

        10.6.4. Italy

        10.6.5. Spain

        10.6.6. Nordic Countries

        10.6.7. Russia & CIS

        10.6.8. Rest of Europe

11. Asia Pacific Automotive Thermal System Market

    11.1. Market Snapshot

    11.2. Automotive Thermal System Market Size Analysis & Forecast, by Component, 2017‒2031

        11.2.1. Compressor

        11.2.2. HVAC

        11.2.3. Powertrain Cooling

        11.2.4. Fluid Transport

    11.3. Automotive Thermal System Market Size Analysis & Forecast, by Vehicle Type, 2017‒2031

        11.3.1. Passenger Vehicle

            11.3.1.1. Hatchback

            11.3.1.2. Sedan

            11.3.1.3. Utility Vehicles

        11.3.2. Light Commercial Vehicles

        11.3.3. Trucks

        11.3.4. Buses & Coaches

        11.3.5. Off-road Vehicle

            11.3.5.1. Agriculture Tractors & Equipment

            11.3.5.2. Construction & Mining Equipment

        11.3.6. Industrial Vehicles (Forklift, Etc.)

    11.4. Automotive Thermal System Market Size Analysis & Forecast, by Propulsion Type, 2017‒2031

        11.4.1. IC Engine Vehicles

        11.4.2. Electric and Hybrid Vehicles

    11.5. Automotive Thermal System Market Size Analysis & Forecast, by Application, 2017‒2031

        11.5.1. Front & Rear A/C

        11.5.2. Engine and Transmission

        11.5.3. Seat

        11.5.4. Battery

        11.5.5. Motor

        11.5.6. Waste Heat Recovery

        11.5.7. Power Electronics

        11.5.8. Others

    11.6. Key Country Analysis – Asia Pacific Automotive Thermal System Market Size Analysis & Forecast, 2017‒2031

        11.6.1. China

        11.6.2. India

        11.6.3. Japan

        11.6.4. ASEAN Countries

        11.6.5. South Korea

        11.6.6. ANZ

        11.6.7. Rest of Asia Pacific

12. Middle East & Africa Automotive Thermal System Market

    12.1. Market Snapshot

    12.2. Automotive Thermal System Market Size Analysis & Forecast, by Component, 2017‒2031

        12.2.1. Compressor

        12.2.2. HVAC

        12.2.3. Powertrain Cooling

        12.2.4. Fluid Transport

    12.3. Automotive Thermal System Market Size Analysis & Forecast, by Vehicle Type, 2017‒2031

        12.3.1. Passenger Vehicle

            12.3.1.1. Hatchback

            12.3.1.2. Sedan

            12.3.1.3. Utility Vehicles

        12.3.2. Light Commercial Vehicles

        12.3.3. Trucks

        12.3.4. Buses & Coaches

        12.3.5. Off-road Vehicle

            12.3.5.1. Agriculture Tractors & Equipment

            12.3.5.2. Construction & Mining Equipment

        12.3.6. Industrial Vehicles (Forklift, Etc.)

    12.4. Automotive Thermal System Market Size Analysis & Forecast, by Propulsion Type, 2017‒2031

        12.4.1. IC Engine Vehicles

        12.4.2. Electric and Hybrid Vehicles

    12.5. Automotive Thermal System Market Size Analysis & Forecast, by Application, 2017‒2031

        12.5.1. Front & Rear A/C

        12.5.2. Engine and Transmission

        12.5.3. Seat

        12.5.4. Battery

        12.5.5. Motor

        12.5.6. Waste Heat Recovery

        12.5.7. Power Electronics

        12.5.8. Others

    12.6. Key Country Analysis – Middle East & Africa Automotive Thermal System Market Size Analysis & Forecast, 2017‒2031

        12.6.1. GCC

        12.6.2. South Africa

        12.6.3. Turkey

        12.6.4. Rest of Middle East & Africa

13. Latin America Automotive Thermal System Market

    13.1. Market Snapshot

    13.2. Automotive Thermal System Market Size Analysis & Forecast, by Component, 2017‒2031

        13.2.1. Compressor

        13.2.2. HVAC

        13.2.3. Powertrain Cooling

        13.2.4. Fluid Transport

    13.3. Automotive Thermal System Market Size Analysis & Forecast, by Vehicle Type, 2017‒2031

        13.3.1. Passenger Vehicle

            13.3.1.1. Hatchback

            13.3.1.2. Sedan

            13.3.1.3. Utility Vehicles

        13.3.2. Light Commercial Vehicles

        13.3.3. Trucks

        13.3.4. Buses & Coaches

        13.3.5. Off-road Vehicle

            13.3.5.1. Agriculture Tractors & Equipment

            13.3.5.2. Construction & Mining Equipment

        13.3.6. Industrial Vehicles (Forklift, Etc.)

    13.4. Automotive Thermal System Market Size Analysis & Forecast, by Propulsion Type, 2017‒2031

        13.4.1. IC Engine Vehicles

        13.4.2. Electric and Hybrid Vehicles

    13.5. Automotive Thermal System Market Size Analysis & Forecast, by Application, 2017‒2031

        13.5.1. Front & Rear A/C

        13.5.2. Engine and Transmission

        13.5.3. Seat

        13.5.4. Battery

        13.5.5. Motor

        13.5.6. Waste Heat Recovery

        13.5.7. Power Electronics

        13.5.8. Others

    13.6. Key Country Analysis – Latin America Automotive Thermal System Market Size Analysis & Forecast, 2017‒2031

        13.6.1. Brazil

        13.6.2. Mexico

        13.6.3. Argentina

        13.6.4. Rest of Latin America

14. Competitive Landscape

    14.1. Company Share Analysis/ Brand Share Analysis, 2020

    14.2. Pricing comparison among key players

    14.3. Company Analysis for each player (Company Overview, Company Footprints, Production Locations, Product Portfolio, Competitors & Customers, Subsidiaries & Parent Organization, Recent Developments, Financial Analysis, Profitability, Revenue Share)

15. Company Profile/ Key Players

        15.1.1. Continental AG

            15.1.1.1. Company Overview

            15.1.1.2. Company Footprints

            15.1.1.3. Production Locations

            15.1.1.4. Product Portfolio

            15.1.1.5. Competitors & Customers

            15.1.1.6. Subsidiaries & Parent Organization

            15.1.1.7. Recent Developments

            15.1.1.8. Financial Analysis

            15.1.1.9. Profitability

            15.1.1.10. Revenue Share

        15.1.2. DENSO Corporation

            15.1.2.1. Company Overview

            15.1.2.2. Company Footprints

            15.1.2.3. Production Locations

            15.1.2.4. Product Portfolio

            15.1.2.5. Competitors & Customers

            15.1.2.6. Subsidiaries & Parent Organization

            15.1.2.7. Recent Developments

            15.1.2.8. Financial Analysis

            15.1.2.9. Profitability

            15.1.2.10. Revenue Share

        15.1.3. Dana Incorporated

            15.1.3.1. Company Overview

            15.1.3.2. Company Footprints

            15.1.3.3. Production Locations

            15.1.3.4. Product Portfolio

            15.1.3.5. Competitors & Customers

            15.1.3.6. Subsidiaries & Parent Organization

            15.1.3.7. Recent Developments

            15.1.3.8. Financial Analysis

            15.1.3.9. Profitability

            15.1.3.10. Revenue Share

        15.1.4. Grayson Thermal Systems

            15.1.4.1. Company Overview

            15.1.4.2. Company Footprints

            15.1.4.3. Production Locations

            15.1.4.4. Product Portfolio

            15.1.4.5. Competitors & Customers

            15.1.4.6. Subsidiaries & Parent Organization

            15.1.4.7. Recent Developments

            15.1.4.8. Financial Analysis

            15.1.4.9. Profitability

            15.1.4.10. Revenue Share

        15.1.5. Gentherm Inc.

            15.1.5.1. Company Overview

            15.1.5.2. Company Footprints

            15.1.5.3. Production Locations

            15.1.5.4. Product Portfolio

            15.1.5.5. Competitors & Customers

            15.1.5.6. Subsidiaries & Parent Organization

            15.1.5.7. Recent Developments

            15.1.5.8. Financial Analysis

            15.1.5.9. Profitability

            15.1.5.10. Revenue Share

        15.1.6. Hanon Systems

            15.1.6.1. Company Overview

            15.1.6.2. Company Footprints

            15.1.6.3. Production Locations

            15.1.6.4. Product Portfolio

            15.1.6.5. Competitors & Customers

            15.1.6.6. Subsidiaries & Parent Organization

            15.1.6.7. Recent Developments

            15.1.6.8. Financial Analysis

            15.1.6.9. Profitability

            15.1.6.10. Revenue Share

        15.1.7. Lennox International Inc.

            15.1.7.1. Company Overview

            15.1.7.2. Company Footprints

            15.1.7.3. Production Locations

            15.1.7.4. Product Portfolio

            15.1.7.5. Competitors & Customers

            15.1.7.6. Subsidiaries & Parent Organization

            15.1.7.7. Recent Developments

            15.1.7.8. Financial Analysis

            15.1.7.9. Profitability

            15.1.7.10. Revenue Share

        15.1.8. Modine Manufacturing Company Inc.

            15.1.8.1. Company Overview

            15.1.8.2. Company Footprints

            15.1.8.3. Production Locations

            15.1.8.4. Product Portfolio

            15.1.8.5. Competitors & Customers

            15.1.8.6. Subsidiaries & Parent Organization

            15.1.8.7. Recent Developments

            15.1.8.8. Financial Analysis

            15.1.8.9. Profitability

            15.1.8.10. Revenue Share

        15.1.9. MAHLE GmbH

            15.1.9.1. Company Overview

            15.1.9.2. Company Footprints

            15.1.9.3. Production Locations

            15.1.9.4. Product Portfolio

            15.1.9.5. Competitors & Customers

            15.1.9.6. Subsidiaries & Parent Organization

            15.1.9.7. Recent Developments

            15.1.9.8. Financial Analysis

            15.1.9.9. Profitability

            15.1.9.10. Revenue Share

        15.1.10. Robert Bosch GmbH

            15.1.10.1. Company Overview

            15.1.10.2. Company Footprints

            15.1.10.3. Production Locations

            15.1.10.4. Product Portfolio

            15.1.10.5. Competitors & Customers

            15.1.10.6. Subsidiaries & Parent Organization

            15.1.10.7. Recent Developments

            15.1.10.8. Financial Analysis

            15.1.10.9. Profitability

            15.1.10.10. Revenue Share

        15.1.11. Valeo SA

            15.1.11.1. Company Overview

            15.1.11.2. Company Footprints

            15.1.11.3. Production Locations

            15.1.11.4. Product Portfolio

            15.1.11.5. Competitors & Customers

            15.1.11.6. Subsidiaries & Parent Organization

            15.1.11.7. Recent Developments

            15.1.11.8. Financial Analysis

            15.1.11.9. Profitability

            15.1.11.10. Revenue Share

        15.1.12. Visteon Corporation

            15.1.12.1. Company Overview

            15.1.12.2. Company Footprints

            15.1.12.3. Production Locations

            15.1.12.4. Product Portfolio

            15.1.12.5. Competitors & Customers

            15.1.12.6. Subsidiaries & Parent Organization

            15.1.12.7. Recent Developments

            15.1.12.8. Financial Analysis

            15.1.12.9. Profitability

            15.1.12.10. Revenue Share

        15.1.13. Other Key Players

List of Tables

Table 1: Global Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Table 2: Global Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Table 3: Global Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Table 4: Global Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 5: Global Automotive Thermal System Market Value (US$ Bn) Forecast, by Region, 2017‒2031

Table 6: North America Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Table 7: North America Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Table 8: North America Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Table 9: North America Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 10: North America Automotive Thermal System Market Value (US$ Bn) Forecast, by Country, 2017‒2031

Table 11: Europe Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Table 12: Europe Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Table 13: Europe Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Table 14: Europe Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 15: Europe Automotive Thermal System Market Value (US$ Bn) Forecast, by Country, 2017‒2031

Table 16: Asia Pacific Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Table 17: Asia Pacific Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Table 18: Asia Pacific Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Table 19: Asia Pacific Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 20: Asia Pacific Automotive Thermal System Market Value (US$ Bn) Forecast, by Country, 2017‒2031

Table 21: Middle East & Africa Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Table 22: Middle East & Africa Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Table 23: Middle East & Africa Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Table 24: Middle East & Africa Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 25: Middle East & Africa Automotive Thermal System Market Value (US$ Bn) Forecast, by Country, 2017‒2031

Table 26: Latin America Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Table 27: Latin America Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Table 28: Latin America Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Table 29: Latin America Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 30: Latin America Automotive Thermal System Market Value (US$ Bn) Forecast, by Country, 2017‒2031

List of Figures

Figure 1: Global Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Figure 2: Global Automotive Thermal System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2021‒2031

Figure 3: Global Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Figure 4: Global Automotive Thermal System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2021‒2031

Figure 5: Global Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Figure 6: Global Automotive Thermal System Market, Incremental Opportunity, by Propulsion Type, Value (US$ Bn), 2021‒2031

Figure 7: Global Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 8: Global Automotive Thermal System Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 9: Global Automotive Thermal System Market Value (US$ Bn) Forecast, by Region, 2017‒2031

Figure 10: Global Automotive Thermal System Market, Incremental Opportunity, by Region, Value (US$ Bn), 2021‒2031

Figure 11: North America Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Figure 12: North America Automotive Thermal System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2021‒2031

Figure 13: North America Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Figure 14: North America Automotive Thermal System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2021‒2031

Figure 15: North America Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Figure 16: North America Automotive Thermal System Market, Incremental Opportunity, by Propulsion Type, Value (US$ Bn), 2021‒2031

Figure 17: North America Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 18: North America Automotive Thermal System Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 19: North America Automotive Thermal System Market Value (US$ Bn) Forecast, by Country, 2017‒2031

Figure 20: North America Automotive Thermal System Market, Incremental Opportunity, by Country, Value (US$ Bn), 2021‒2031

Figure 21: Europe Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Figure 22: Europe Automotive Thermal System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2021‒2031

Figure 23: Europe Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Figure 24: Europe Automotive Thermal System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2021‒2031

Figure 25: Europe Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Figure 26: Europe Automotive Thermal System Market, Incremental Opportunity, by Propulsion Type, Value (US$ Bn), 2021‒2031

Figure 27: Europe Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 28: Europe Automotive Thermal System Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 29: Europe Automotive Thermal System Market Value (US$ Bn) Forecast, by Country, 2017‒2031

Figure 30: Europe Automotive Thermal System Market, Incremental Opportunity, by Country, Value (US$ Bn), 2021‒2031

Figure 31: Asia Pacific Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Figure 32: Asia Pacific Automotive Thermal System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2021‒2031

Figure 33: Asia Pacific Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Figure 34: Asia Pacific Automotive Thermal System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2021‒2031

Figure 35: Asia Pacific Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Figure 36: Asia Pacific Automotive Thermal System Market, Incremental Opportunity, by Propulsion Type, Value (US$ Bn), 2021‒2031

Figure 37: Asia Pacific Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 38: Asia Pacific Automotive Thermal System Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 39: Asia Pacific Automotive Thermal System Market Value (US$ Bn) Forecast, by Country, 2017‒2031

Figure 40: Asia Pacific Automotive Thermal System Market, Incremental Opportunity, by Country, Value (US$ Bn), 2021‒2031

Figure 41: Middle East & Africa Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Figure 42: Middle East & Africa Automotive Thermal System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2021‒2031

Figure 43: Middle East & Africa Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Figure 44: Middle East & Africa Automotive Thermal System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2021‒2031

Figure 45: Middle East & Africa Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Figure 46: Middle East & Africa Automotive Thermal System Market, Incremental Opportunity, by Propulsion Type, Value (US$ Bn), 2021‒2031

Figure 47: Middle East & Africa Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 48: Middle East & Africa Automotive Thermal System Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 49: Middle East & Africa Automotive Thermal System Market Value (US$ Bn) Forecast, by Country, 2017‒2031

Figure 50: Middle East & Africa Automotive Thermal System Market, Incremental Opportunity, by Country, Value (US$ Bn), 2021‒2031

Figure 51: Latin America Automotive Thermal System Market Value (US$ Bn) Forecast, by Component, 2017‒2031

Figure 52: Latin America Automotive Thermal System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2021‒2031

Figure 53: Latin America Automotive Thermal System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031

Figure 54: Latin America Automotive Thermal System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2021‒2031

Figure 55: Latin America Automotive Thermal System Market Value (US$ Bn) Forecast, by Propulsion Type, 2017‒2031

Figure 56: Latin America Automotive Thermal System Market, Incremental Opportunity, by Propulsion Type, Value (US$ Bn), 2021‒2031

Figure 57: Latin America Automotive Thermal System Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 58: Latin America Automotive Thermal System Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 59: Latin America Automotive Thermal System Market Value (US$ Bn) Forecast, by Country, 2017‒2031

Figure 60: Latin America Automotive Thermal System Market, Incremental Opportunity, by Country, Value (US$ Bn), 2021‒2031

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