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Automotive Thermal Management Market Insights

Automotive Thermal Management Market size was valued at USD 57 Billion in 2023 and is expected to reach USD 86 Billion by the end of 2030 with a CAGR of 6.1% During the Forecast Period 2024-2030.

The section of the automobile industry devoted to controlling and optimizing the thermal conditions within cars to guarantee effective operation, performance, and passenger comfort is known as the automobile Thermal Management Market. This market includes a broad range of systems, technologies, and solutions intended to control the heat produced by different car parts, including as the battery, electronics, exhaust system, engine, and gearbox. The primary responsibility of automotive thermal management is to keep vital car components at their ideal working temperatures. This entails supplying heating devices for passenger comfort in colder climates as well as dispersing surplus heat produced during vehicle operation. As automotive systems become more intricate and incorporate cutting-edge technology like autonomous driving and electric propulsion, efficient heat management has become critical to the dependability, performance, and efficiency of vehicles. The automotive thermal management market comprises essential elements such as heating systems, which include HVAC systems and seat heaters, thermal insulation materials, temperature sensors/controllers, and cooling systems including fans, radiators, and coolant circulation systems. Furthermore, this industry is seeing growth and innovation due to the introduction of new technologies including enhanced thermal interface materials, active grille shutters, and thermal energy recovery systems.

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Automotive Thermal Management Market Trends

The market for automotive thermal management is undergoing a substantial shift due to the development of electric vehicle (EV) technology and strict emission laws. The growing emphasis on sustainability and energy efficiency has led to a rise in interest in novel solutions such sophisticated cooling systems and thermal insulation materials. Furthermore, the environment is changing due to the incorporation of smart thermal management technologies, which promise improved durability and performance across a range of automotive categories.

Electrification & High-Performance Battery Cooling

The need for sophisticated thermal management systems is being driven by the popularity of electric cars (EVs). Precise temperature regulation is necessary to maximize the lifespan and performance of lithium-ion batteries. The development of novel cooling methods, such as phase-change materials for battery packs and liquid cooling loops with built-in heat exchangers, is being fueled by this trend. Market reports that have been verified: "Automotive Thermal Management Market"

Lightweighting & Waste Heat Recovery

Automobile manufacturers are replacing heavier steel components with lighter ones made of composites and aluminum in an effort to reduce emissions and increase fuel efficiency. These materials' distinct thermal characteristics, however, necessitate modifying conventional cooling systems. Waste heat recovery systems, which harness engine heat to power auxiliary functions or heat the cabin, are also gaining popularity as a way to increase overall vehicle economy. Market reports that have been verified: "Automotive Thermal Management Market"

Autonomous Driving & Increased Electronics

Robust heat management for an increasing number of electronic components is required by advanced driver-assistance systems (ADAS) and the possibility of fully driverless vehicles. Significant heat production from these systems may have an effect on dependability and performance. In response, the industry is creating integrated thermal management solutions, which enhance packaging effectiveness and overall system reliability by combining cooling for several electronic components into a single unit. Market reports that have been verified: "Automotive Thermal Management Market"

Automotive Thermal Management Market Scope Of the Report

This report offers past, present as well as future analysis and estimates for the Automotive Thermal Management Market. The market estimates that are provided in the report are calculated through an exhaustive research methodology. The research methodology that is adopted involves multiple channels of research, such as – primary research, secondary research, and subject-related expert advice. The market estimates are calculated based on the influence of the current market dynamics along with various economic, social, and political factors on the Automotive Thermal Management Market. Also, various regulations, government spending, and research and development growth define the market data. Both positive, as well as negative changes to the market, are taken into consideration for the market estimates.

Automotive Thermal Management Market Competitive Landscape

The market report lists the major players involved in the Automotive Thermal Management Market under the competitive landscape and company profile chapters. The major players in the market are evaluated based on their product and/or service offerings, financial statements, key developments, strategic approach to the market, position in the market, geographical penetration, and other key features. The chapter also highlights the strengths, weaknesses, opportunities, and threats (SWOT analysis), winning imperatives, current focus and strategies, and threats from competition for the top three to five players in the market. Furthermore, the list of companies included in the market study can also be customized as per the client’s requirements. The competitive landscape section of the report covers details in terms of the top five company’s ranking, key developments such as recent developments, partnerships, mergers and acquisitions, new product launches, etc., the company’s regional footprint, and company industry footprint as per the market and Ace matrix.

Company Regional Footprint

This section provides geographical or regional level reach or their sales network presence for each of company’s considered for profiling.

Company Industry Footprint

This section provides the cross-analysis of industry verticals and market players that gives a clear picture of the company landscape with respect to the industries they are serving their products and services.

Ace Matrix

This section provides company benchmarking into Active, Cutting Edge, Innovator, and Emerging based on their product and business strategy. In Which, product strategy includes parameters such as Breadth & Depth of Product, Focus on Product Innovation, Product features & functions, Scalability whereas business strategy includes parameters such as geographical reach, Industry Coverage, Inorganic Growth, and Roadmap.

Top Automotive Thermal Management Market Companies 

The Automotive Thermal Management Market Report delivers an in-depth analysis of leading and emerging players in the market. The Report provides comprehensive lists of key companies which have been enlisted on the basis of type of products they are offering & other factors in Market. Among company profiling market analysis, the analysts who worked on the report gave the year of market entry for each mentioned player can be considered for the research analysis.

The “Global Automotive Thermal Management Market” study report will provide a valuable insight with an emphasis on the global market including some of the Top Automotive Thermal Management Market Companies such as Denso, Gentherm, MAHLE, Valeo, Borgwarner, Dana, Calsonic Kansei, Eberspacher, Continental, Schaeffler, Captherm, Bosch, Hella, Johnson Electric. 

Automotive Thermal Management Market Segmentation

By Type

  • Active transmission warmup
  • Exhaust Gas Recirculation (EGR)
  • Engine thermal mass reduction
  • Reduced HVAC system loading

By Application

  • Passenger car
  • Light Commercial Vehicle (LCV)
  • Truck
  • Bus

By Geography

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

Automotive Thermal Management Market Report Coverage

Research Methodology

The qualitative and quantitative data of the Automotive Thermal Management Market is prepared through various research considerations such as subject matter expert advice, primary and secondary research. Primary research leverages valuable information from face-to-face and/or telephonic interviews and surveys, questionnaires, industry expert opinion, KOLs, customers, and others. Primary interviews are conducted regularly with industry experts to create in-depth expert information on the market and to substantiate the existing analysis of the data. Secondary research done by Verified Market Reports research team through various sources such as
  • Company websites, annual reports, financial reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent, and regulatory databases
  • National government documents, statistical databases, and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market
  • Paid database
Verified Market Reports contacted various key opinion leaders from the same industry, who are top and mid-level executives from top companies as well as executives (marketing heads, regional heads) from End users to collect information/data such as the dominance of particular brand in each country as well as overall region, pricing of services and products. The data for total sales was determined through primary research in each of the countries by interviewing key opinion leaders which included insights from
  • C-Level Executives
  • Marketing Manager, Brand Manager, Product Manager
  • Sales Manager, Sales Officer, Regional Sales Manager, Country Manager
  • Procurement Manager
  • Production Manager
  • Technical Personnel
  • Distributors
The subject matter experts act as a key link to validate and substantiate the key research findings and understandings as the experts have acquired extensive experience in the market over the years. Secondary research data for the Automotive Thermal Management Market are collected from the internet, printed documents (company annual reports and research papers) related to the industry, industrial magazines, association findings, government websites, and others. These multiple information sources provide a key outline of the market.
  1. Introduction of Automotive Thermal Management Market
    1. Market Definition
    2. Market Segmentation
    3. Research Timelines
    4. Assumptions
    5. Limitations
  2. *This section outlines the product definition, assumptions and limitations considered while forecasting the market.
  3. Research Methodology
    1. Data Mining
    2. Secondary Research
    3. Primary Research
    4. Subject Matter Expert Advice
    5. Quality Check
    6. Final Review
    7. Data Triangulation
    8. Bottom-Up Approach
    9. Top-Down Approach
    10. Research Flow
  4. *This section highlights the detailed research methodology adopted while estimating the overall market helping clients understand the overall approach for market sizing.
  5. Executive Summary
    1. Market Overview
    2. Ecology Mapping
    3. Primary Research
    4. Absolute Market Opportunity
    5. Market Attractiveness
    6. Automotive Thermal Management Market Geographical Analysis (CAGR %)
    7. Automotive Thermal Management Market by Type USD Million
    8. Automotive Thermal Management Market by Application USD Million
    9. Future Market Opportunities
    10. Product Lifeline
    11. Key Insights from Industry Experts
    12. Data Sources
  6. *This section covers comprehensive summary of the global market giving some quick pointers for corporate presentations.
  7. Automotive Thermal Management Market Outlook
    1. Automotive Thermal Management Market Evolution
    2. Market Drivers
      1. Driver 1
      2. Driver 2
    3. Market Restraints
      1. Restraint 1
      2. Restraint 2
    4. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
    5. Market Trends
      1. Trend 1
      2. Trend 2
    6. Porter's Five Forces Analysis
    7. Value Chain Analysis
    8. Pricing Analysis
    9. Macroeconomic Analysis
    10. Regulatory Framework
  8. *This section highlights the growth factors market opportunities, white spaces, market dynamics Value Chain Analysis, Porter's Five Forces Analysis, Pricing Analysis and Macroeconomic Analysis
  9. by Type
    1. Overview
    2. Active transmission warmup
    3. Exhaust Gas Recirculation (EGR)
    4. Engine thermal mass reduction
    5. Reduced HVAC system loading
  10. by Application
    1. Overview
    2. Passenger car
    3. Light Commercial Vehicle (LCV)
    4. Truck
    5. Bus
  11. Automotive Thermal Management Market by Geography
    1. Overview
    2. North America Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. U.S.
      2. Canada
      3. Mexico
    3. Europe Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Germany
      2. United Kingdom
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
    4. Asia Pacific Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. China
      2. India
      3. Japan
      4. Rest of Asia Pacific
    5. Latin America Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Brazil
      2. Argentina
      3. Rest of Latin America
    6. Middle East and Africa Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  12. This section covers global market analysis by key regions considered further broken down into its key contributing countries.
  13. Competitive Landscape
    1. Overview
    2. Company Market Ranking
    3. Key Developments
    4. Company Regional Footprint
    5. Company Industry Footprint
    6. ACE Matrix
  14. This section covers market analysis of competitors based on revenue tiers, single point view of portfolio across industry segments and their relative market position.
  15. Company Profiles
    1. Introduction
    2. Denso
      1. Company Overview
      2. Company Key Facts
      3. Business Breakdown
      4. Product Benchmarking
      5. Key Development
      6. Winning Imperatives*
      7. Current Focus & Strategies*
      8. Threat from Competitors*
      9. SWOT Analysis*
    3. Gentherm
    4. MAHLE
    5. Valeo
    6. Borgwarner
    7. Dana
    8. Calsonic Kansei
    9. Eberspacher
    10. Continental
    11. Schaeffler
    12. Captherm
    13. Bosch
    14. Hella
    15. Johnson Electric

  16. *This data will be provided for Top 3 market players*
    This section highlights the key competitors in the market, with a focus on presenting an in-depth analysis into their product offerings, profitability, footprint and a detailed strategy overview for top market participants.


  17. Verified Market Intelligence
    1. About Verified Market Intelligence
    2. Dynamic Data Visualization
      1. Country Vs Segment Analysis
      2. Market Overview by Geography
      3. Regional Level Overview


  18. Report FAQs
    1. How do I trust your report quality/data accuracy?
    2. My research requirement is very specific, can I customize this report?
    3. I have a pre-defined budget. Can I buy chapters/sections of this report?
    4. How do you arrive at these market numbers?
    5. Who are your clients?
    6. How will I receive this report?


  19. Report Disclaimer

Companies featured in this report

  • Denso
  • Gentherm
  • MAHLE
  • Valeo
  • Borgwarner
  • Dana
  • Calsonic Kansei
  • Eberspacher
  • Continental
  • Schaeffler
  • Captherm
  • Bosch
  • Hella
  • Johnson Electric

Frequently Asked Questions

How big is the Automotive Thermal Management Market?
Automotive Thermal Management Market size was valued at USD 57 Billion in 2023 and is expected to reach USD 86 Billion by the end of 2030 with a CAGR of 6.1% During the Forecast Period 2024-2030.
Who are the major players in the Automotive Thermal Management Market?
The leading Players in the market are Denso, Gentherm, MAHLE, Valeo, Borgwarner, Dana, Calsonic Kansei, Eberspacher, Continental, Schaeffler, Captherm, Bosch, Hella, Johnson Electric
Which segments are covered in the report of Automotive Thermal Management Market?
The Automotive Thermal Management Market is Segmented On The Basis Of Type, Application, And Geography.
Which regions are covered in the report that having a potential scope for the Automotive Thermal Management Market?
On the basis of Geography, The Automotive Thermal Management Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
How can I get a sample report of statistical data for the Automotive Thermal Management Market?
Verified Market Reports provides a sample report for the Automotive Thermal Management Market as per requirements. In addition to that, 24*7 chat support & direct call services are available for further assistance.
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