Email
Print
Automotive Thermal Management Market – Automotive Thermal Management Market – By Technology (Active Transmission Warmup, Exhaust Gas Recirculation, Engine Thermal Mass Reduction, Reduced HVAC System Loading, Other Technologies), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Truck, Bus), By Application (Battery Thermal Management, Transmission System, Engine Cooling, Front Air Conditioning, Motor Thermal Management, Power Electronics, Rear Air Conditioning, Heated/Ventilated Seats, Heated Steering, Waste Heat Recovery), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
Automotive Thermal Management Market Overview:
Automotive Thermal Management Market size is estimated to reach $67.66 billion by 2030, growing at a CAGR of 6% during the forecast period 2024-2030. The shift towards electric vehicles is transforming the automotive thermal management landscape. Key factors driving this trend include the need for effective battery temperature regulation to ensure optimal performance and longevity. This involves cooling to prevent overheating during operation and heating to maintain functionality in cold climates. Furthermore, as EVs become more popular, the demand for systems that enhance energy efficiency is rising. Effective thermal management plays a crucial role in reducing energy consumption by maintaining optimal temperatures for various vehicle components, thereby improving the overall range of the vehicle. Additionally, the development of rapid charging technologies, which generate significant heat, necessitates advanced thermal management solutions to prevent overheating and ensure safety during high-speed charging sessions.
Technological advancements are leading to smarter, more integrated thermal management systems, offering several benefits. Modern thermal management systems are increasingly integrated with a vehicle's electronic control units (ECUs) and sensors, enabling real-time monitoring and adjustments to ensure that different vehicle components operate within their optimal temperature ranges. The use of advanced materials, such as phase-change materials and thermoelectric materials, is enhancing the efficiency and effectiveness of these systems by providing better heat dissipation and insulation properties.
Market Snapshot:
Automotive Thermal Management Market - Report Coverage:
The ““Automotive Thermal Management Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Automotive Thermal Management Market.
|
Attribute |
Segment |
|
By Technology |
|
|
By Vehicle Type |
|
|
By Application |
|
|
By Geography |
|
COVID-19 / Ukraine Crisis - Impact Analysis:
- During the COVID-19 pandemic, automotive manufacturers around the world faced significant disruptions that led to production halts and reduced production capacity. These disruptions had a cascading effect on the entire automotive supply chain, including the production and sales of thermal management components. To curb the spread of the virus, governments and health organizations implemented stringent health and safety measures. These included social distancing, mandatory quarantines, frequent sanitation, and the use of personal protective equipment (PPE). The pandemic led to significant labor shortages in the automotive industry. Workers fell ill, had to quarantine, or stayed home to care for family members. This shortage of labor made it difficult for manufacturers to maintain normal production levels.
- The imposition of economic sanctions and trade restrictions on Russia due to the Ukraine crisis has had far-reaching consequences on the global automotive industry, including the market for thermal management systems. These measures have led to complexities in international trade, significantly affecting supply chains and market dynamics. Russia is a significant supplier of various raw materials and components crucial to the automotive industry, such as metals (e.g., aluminum, palladium, and nickel), which are essential for manufacturing various automotive parts, including thermal management systems. Sanctions have disrupted the availability of these materials, causing supply chain bottlenecks.
Key Takeaways:
Passenger Vehicles Type is Leading the Market
The passenger vehicles segment held the largest revenue share in the automotive thermal management market, a trend expected to continue due to increasing consumer demand for comfort features such as ventilated seats, front and rear air conditioning systems, and heated steering wheels in passenger vehicles. These amenities not only enhance passenger comfort but also contribute to a more enjoyable and functional driving experience. the passenger vehicles segment is expected to play a pivotal role in driving the expansion of the automotive thermal systems market. Manufacturers and suppliers focusing on innovative solutions to enhance comfort, energy efficiency, and overall vehicle performance stand to benefit from these growing opportunities in the passenger vehicle segment.
Battery Thermal Management Type to Register Highest Growth
The rise of battery electric vehicles and plug-in hybrid vehicles necessitates a robust battery thermal management system. These systems are crucial for maintaining optimal battery temperatures to maximize charge storage and efficiency. Therefore, the growth in electric and hybrid vehicle adoption is expected to propel the automotive thermal management market in the foreseeable future.
Growing Demand for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles
The increasing integration of advanced driver assistance systems (ADAS) and the development of autonomous vehicles require sophisticated thermal management solutions. These technologies rely on a variety of sensors, cameras, radar, and other electronic components that generate significant amounts of heat. Effective thermal management is essential to ensure the reliable operation and longevity of these components. As the adoption of ADAS and autonomous driving technologies grows, so does the need for advanced thermal management systems to maintain optimal performance and prevent overheating.
Urbanization and Traffic Congestion as a Major Challenge
Urbanization trends and increasing traffic congestion pose challenges for automotive thermal management systems. In dense urban environments with frequent stop-and-go traffic, vehicles experience varying thermal loads due to fluctuating engine operation and limited airflow. Effective thermal management under such conditions is essential to prevent overheating and maintain engine efficiency. Moreover, traffic congestion exacerbates heat buildup in vehicles, particularly in hot climates, requiring robust cooling systems that can operate effectively in diverse driving conditions. Addressing these challenges involves developing adaptive thermal management technologies capable of optimizing cooling performance based on real-time operating conditions and environmental factors, ensuring vehicle reliability and comfort in urban settings.
Key Market Players:
Product launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Automotive Thermal Management Market. The top 10 companies in this industry are listed below:
- Borgwarner
- Marelli
- Continental
- Robert Bosch GmbH
- Denso
- Eberspacher
- Gentherm
- MAHLE
- Schaeffler
- Valeo
Scope of the Report:
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
6% |
|
Market Size in 2030 |
$ 67.66 billion |
|
Segments Covered |
Technology, Vehicle Type, Application and Region |
|
Geographies Covered |
North America, South America, Europe, APAC, RoW |
|
Key Market Players |
|
For more Automotive Market reports, please click here
1. Automotive Thermal Management Market – Market Overview
1.1.Definition and Scope
2. Automotive Thermal Management Market - Executive Summary
2.1. Key Trends by Component
2.2. Key Trends by Region
3. Automotive Thermal Management Market – Comparative Analysis
3.1. Product Bench Marking – Key Companies
3.2. US Financial Analysis – Key Companies
3.3. Market Share Analysis – Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Automotive Thermal Management Market – Startup Companies Scenario
4.1. Key Startup Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Product Portfolio
4.1.4. Venture Capital and Funding Scenario
5. Automotive Thermal Management Market – Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
5.4. Customer Analysis
6. Automotive Thermal Management Market – Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Porter’s Five Force Model
6.3.1. Bargaining Power of Suppliers
6.3.2. Bargaining Powers of Customers
6.3.3. Threat of New Entrants
6.3.4. Rivalry Among Existing Players
6.3.5. Threat of Substitutes
7. Automotive Thermal Management Market – Strategic Analysis
7.1. Value/Supply Chain Analysis
7.2. Opportunities Analysis
7.3. Product/Market Life Cycle
7.4. Distributor Analysis – Major Companies
8. Automotive Thermal Management Market – By Technology
8.1. Active Transmission Warmup
8.2. Exhaust Gas Recirculation
8.3. Engine Thermal Mass Reduction
8.4. Reduced HVAC System Loading
8.5. Other Technologies
9. Automotive Thermal Management Market – By Vehicle Type
9.1. Passenger Car
9.2. Light Commercial Vehicle
9.3. Truck
9.4. Bus
10. Automotive Thermal Management Market – By Application
10.1. Battery Thermal Management
10.2. Transmission System
10.3. Engine Cooling
10.4. Front Air Conditioning
10.5. Motor Thermal Management
10.6. Power Electronics
10.7. Rear Air Conditioning
10.8. Heated/Ventilated Seats
10.9. Heated Steering
10.10. Waste Heat Recovery
11. Automotive Thermal Management Market – By Geography
11.1. North America
11.1.1. U.S
11.1.2. Canada
11.1.3. Mexico
11.2. South America
11.2.1. Brazil
11.2.2. Argentina
11.2.3. Chile
11.2.4. Colombia
11.2.5. Others
11.3. Europe
11.3.1. Germany
11.3.2. France
11.3.3. UK
11.3.4. Italy
11.3.5. Spain
11.3.6. Russia
11.3.7. Netherlands
11.3.8. Others
11.4. APAC
11.4.1. China
11.4.2. Japan
11.4.3. South Korea
11.4.4. India
11.4.5. Australia
11.4.6. Indonesia
11.4.7. Malaysia
11.4.8. Others
11.5. RoW
11.5.1. Middle East
11.5.2. Africa
12. Automotive Thermal Management Market – Entropy
12.1. New Product Launches
12.2. M&As, Collaborations, JVs and Partnerships
13. Automotive Thermal Management Market – Industry/Segment Competition Landscape
13.1. Company Benchmarking Matrix – Major Companies (Top 10 US Companies)
13.2. Market Share at US Level - Major companies (10 Companies at US Level
13.3. Market Share by Derivatives - Major companies (5 Companies per Form/will be provided for major derivatives)
13.4. Market Share by Component - Major companies (5 Companies per Component)
14. Automotive Thermal Management Market – Key Company List by Countr
15. Automotive Thermal Management Market – Company Analysis
15.1. Borgwarner
15.2. Marelli
15.3. Continental
15.4. Robert Bosch GmbH
15.5. Denso
15.6. Eberspacher
15.7. Gentherm
15.8. MAHLE
15.9. Schaeffler
15.10. Valeo
"Financials to the Private Companies would be provided on best-effort basis."
LIST OF TABLES
1.Global Automotive Thermal Management Market By Technology Market 2023-2030 ($M)
1.1 Active Transmission Warmup Market 2023-2030 ($M) - Global Industry Research
1.2 Exhaust Gas Recirculation Market 2023-2030 ($M) - Global Industry Research
1.3 Engine Thermal Mass Reduction Market 2023-2030 ($M) - Global Industry Research
1.4 Reduced HVAC System Loading Market 2023-2030 ($M) - Global Industry Research
2.Global Automotive Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
2.1 Passenger Car Market 2023-2030 ($M) - Global Industry Research
2.2 Light Commercial Vehicle Market 2023-2030 ($M) - Global Industry Research
2.3 Truck Market 2023-2030 ($M) - Global Industry Research
2.4 Bus Market 2023-2030 ($M) - Global Industry Research
3.Global Electric & Hybrid Vehicle Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
3.1 Battery Electric Vehicle Market 2023-2030 ($M) - Global Industry Research
3.2 Hybrid Electric Vehicle Market 2023-2030 ($M) - Global Industry Research
3.3 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Global Industry Research
3.4 Fuel Cell Electric Vehicle Market 2023-2030 ($M) - Global Industry Research
4.Global Automotive Thermal Management Market By Technology Market 2023-2030 (Volume/Units)
4.1 Active Transmission Warmup Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Exhaust Gas Recirculation Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Engine Thermal Mass Reduction Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Reduced HVAC System Loading Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Automotive Thermal Management Market By Vehicle Type Market 2023-2030 (Volume/Units)
5.1 Passenger Car Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Light Commercial Vehicle Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Truck Market 2023-2030 (Volume/Units) - Global Industry Research
5.4 Bus Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Electric & Hybrid Vehicle Thermal Management Market By Vehicle Type Market 2023-2030 (Volume/Units)
6.1 Battery Electric Vehicle Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Hybrid Electric Vehicle Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Plug-In Hybrid Electric Vehicle Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Fuel Cell Electric Vehicle Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Automotive Thermal Management Market By Technology Market 2023-2030 ($M)
7.1 Active Transmission Warmup Market 2023-2030 ($M) - Regional Industry Research
7.2 Exhaust Gas Recirculation Market 2023-2030 ($M) - Regional Industry Research
7.3 Engine Thermal Mass Reduction Market 2023-2030 ($M) - Regional Industry Research
7.4 Reduced HVAC System Loading Market 2023-2030 ($M) - Regional Industry Research
8.North America Automotive Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
8.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
8.2 Light Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
8.3 Truck Market 2023-2030 ($M) - Regional Industry Research
8.4 Bus Market 2023-2030 ($M) - Regional Industry Research
9.North America Electric & Hybrid Vehicle Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
9.1 Battery Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
9.2 Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
9.3 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
9.4 Fuel Cell Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
10.South America Automotive Thermal Management Market By Technology Market 2023-2030 ($M)
10.1 Active Transmission Warmup Market 2023-2030 ($M) - Regional Industry Research
10.2 Exhaust Gas Recirculation Market 2023-2030 ($M) - Regional Industry Research
10.3 Engine Thermal Mass Reduction Market 2023-2030 ($M) - Regional Industry Research
10.4 Reduced HVAC System Loading Market 2023-2030 ($M) - Regional Industry Research
11.South America Automotive Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
11.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
11.2 Light Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
11.3 Truck Market 2023-2030 ($M) - Regional Industry Research
11.4 Bus Market 2023-2030 ($M) - Regional Industry Research
12.South America Electric & Hybrid Vehicle Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
12.1 Battery Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
12.2 Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
12.3 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
12.4 Fuel Cell Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
13.Europe Automotive Thermal Management Market By Technology Market 2023-2030 ($M)
13.1 Active Transmission Warmup Market 2023-2030 ($M) - Regional Industry Research
13.2 Exhaust Gas Recirculation Market 2023-2030 ($M) - Regional Industry Research
13.3 Engine Thermal Mass Reduction Market 2023-2030 ($M) - Regional Industry Research
13.4 Reduced HVAC System Loading Market 2023-2030 ($M) - Regional Industry Research
14.Europe Automotive Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
14.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
14.2 Light Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
14.3 Truck Market 2023-2030 ($M) - Regional Industry Research
14.4 Bus Market 2023-2030 ($M) - Regional Industry Research
15.Europe Electric & Hybrid Vehicle Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
15.1 Battery Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
15.2 Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
15.3 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
15.4 Fuel Cell Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
16.APAC Automotive Thermal Management Market By Technology Market 2023-2030 ($M)
16.1 Active Transmission Warmup Market 2023-2030 ($M) - Regional Industry Research
16.2 Exhaust Gas Recirculation Market 2023-2030 ($M) - Regional Industry Research
16.3 Engine Thermal Mass Reduction Market 2023-2030 ($M) - Regional Industry Research
16.4 Reduced HVAC System Loading Market 2023-2030 ($M) - Regional Industry Research
17.APAC Automotive Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
17.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
17.2 Light Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
17.3 Truck Market 2023-2030 ($M) - Regional Industry Research
17.4 Bus Market 2023-2030 ($M) - Regional Industry Research
18.APAC Electric & Hybrid Vehicle Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
18.1 Battery Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
18.2 Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
18.3 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
18.4 Fuel Cell Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
19.MENA Automotive Thermal Management Market By Technology Market 2023-2030 ($M)
19.1 Active Transmission Warmup Market 2023-2030 ($M) - Regional Industry Research
19.2 Exhaust Gas Recirculation Market 2023-2030 ($M) - Regional Industry Research
19.3 Engine Thermal Mass Reduction Market 2023-2030 ($M) - Regional Industry Research
19.4 Reduced HVAC System Loading Market 2023-2030 ($M) - Regional Industry Research
20.MENA Automotive Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
20.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
20.2 Light Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
20.3 Truck Market 2023-2030 ($M) - Regional Industry Research
20.4 Bus Market 2023-2030 ($M) - Regional Industry Research
21.MENA Electric & Hybrid Vehicle Thermal Management Market By Vehicle Type Market 2023-2030 ($M)
21.1 Battery Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
21.2 Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
21.3 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
21.4 Fuel Cell Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Automotive Thermal Management Market Revenue, 2023-2030 ($M)
2.Canada Automotive Thermal Management Market Revenue, 2023-2030 ($M)
3.Mexico Automotive Thermal Management Market Revenue, 2023-2030 ($M)
4.Brazil Automotive Thermal Management Market Revenue, 2023-2030 ($M)
5.Argentina Automotive Thermal Management Market Revenue, 2023-2030 ($M)
6.Peru Automotive Thermal Management Market Revenue, 2023-2030 ($M)
7.Colombia Automotive Thermal Management Market Revenue, 2023-2030 ($M)
8.Chile Automotive Thermal Management Market Revenue, 2023-2030 ($M)
9.Rest of South America Automotive Thermal Management Market Revenue, 2023-2030 ($M)
10.UK Automotive Thermal Management Market Revenue, 2023-2030 ($M)
11.Germany Automotive Thermal Management Market Revenue, 2023-2030 ($M)
12.France Automotive Thermal Management Market Revenue, 2023-2030 ($M)
13.Italy Automotive Thermal Management Market Revenue, 2023-2030 ($M)
14.Spain Automotive Thermal Management Market Revenue, 2023-2030 ($M)
15.Rest of Europe Automotive Thermal Management Market Revenue, 2023-2030 ($M)
16.China Automotive Thermal Management Market Revenue, 2023-2030 ($M)
17.India Automotive Thermal Management Market Revenue, 2023-2030 ($M)
18.Japan Automotive Thermal Management Market Revenue, 2023-2030 ($M)
19.South Korea Automotive Thermal Management Market Revenue, 2023-2030 ($M)
20.South Africa Automotive Thermal Management Market Revenue, 2023-2030 ($M)
21.North America Automotive Thermal Management By Application
22.South America Automotive Thermal Management By Application
23.Europe Automotive Thermal Management By Application
24.APAC Automotive Thermal Management By Application
25.MENA Automotive Thermal Management By Application
26.Denso, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Gentherm, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.MAHLE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Valeo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Borgwarner, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Dana, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Calsonic Kansei, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Eberspacher, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Continental, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Schaeffler, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Additional Company Profiles, Sales /Revenue, 2015-2018 ($Mn/$Bn)
The Automotive Thermal Management Market is projected to grow at 6% CAGR during the forecast period 2024-2030.
Automotive Thermal Management Market size is estimated to surpass $67.66 billion by 2030 from $45 billion in 2023
The leading players in the Automotive Thermal Management Market are Borgwarner, Marelli, Continental, Robert Bosch GmbH, Denso, Eberspacher, Gentherm, MAHLE, Schaeffler, Valeo and others.
Intense competition among OEMs has spurred technological advancements to meet rising demand. Collaboration between automakers, technology companies, and other stakeholders is driving progress in autonomous driving technology.
Expansion of electric and hybrid vehicle adoption and innovations in smart and integrated thermal management systems. Moreover, compliance with emission regulations and fuel efficiency standards among the factors opportunities of the market growth.