# Automotive Thermal Systems Market Size is Expected to Worth of US$ 14 Bn in 2030

**The global [automotive thermal systems market](https://www.precedenceresearch.com/automotive-thermal-systems-market)
size was estimated at USD 33.43 billion in 2021 and is exprcted to hit around USD 47.3 billion by 2030 with a CAGR of 3.9% from 2022 to 2030.**

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The report has been prepared with extensive primary and secondary research. Primary research involved the majority of the research efforts, wherein analysts carried out interviews with key manufacturers, end-consumers, industry experts, independent consultants, and opinion-makers.

Secondary research involved referring to company websites, annual reports, investors’ presentations, press releases, patents database, import-export statistics, and other relevant documents to understand the automotive thermal systems market. Secondary research also included Precedence Research internal repository, industry associations, government agencies, and proprietary databases. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global automotive thermal systems market.

The report includes an executive summary, along with a market overview and an elaborative analysis of the growth behavior in various segments that are included in the scope of the study. The report also covers a high-level picture of the production processes and product specifications pertaining to automotive thermal systems. Furthermore, the report provides insights on the changing competitive dynamics, which serve as valuable tools for existing market players as well as for entities interested in participating in the market.

In addition to the above, the report also explores the competitive landscape, in terms of identifying the global players operating in the automotive thermal systems market and comprehensive profiles of the key players, including their business overview, key financials, market shares, market footprints, production capacities, and strategic initiatives including new product developments, mergers & acquisitions, etc.

**Some of the prominent players in the global automotive thermal systems market include:**
Denso Corporation
Mahle GmbH
Gentherm Inc.
Valeo
Grayson Thermal Systems
Borgwarner Inc.
General Motors Company
Lennox International Inc.
Modine Manufacturing Company Inc.
Visteon Corporation

**Segments Covered in the Report**
**By Component**
Compressor
Heating Ventilation Air Conditioning (HVAC)
Powertrain Cooling
Fluid Transport

**By Vehicle Type**
Passenger Vehicles
Commercial Vehicles

**By Application**
Front and Rear A/C
Engine and transmission
Seat
Battery
Motor
Waste Heat Recovery
Power Electronics

**By Geography**
North America
Asia-Pacific
South Korea
Latin America
Rest of Latin America
Middle East & Africa (MEA)
Rest of the Middle East & Africa

Research Methodology
Precedence Research employs a comprehensive and iterative research methodology focused on minimizing deviance to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:

**Preliminary data mining**
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain, and to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

**Statistical model**
Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
• Market drivers and restraints, along with their current and expected impact
• Raw material scenario and supply v/s price trends
• Regulatory scenario and expected developments
• Current capacity and expected capacity additions up to 2030
Report content
Qualitative Analysis
• Industry overview
• Industry trends
• Market drivers and restraints
• Market size
• Growth prospects
• Porter’s analysis
• PESTEL analysis
• Key market opportunities prioritized
• Competitive landscape
o Company overview
o Financial performance
o Product benchmarking
o Latest strategic developments
Quantitative Analysis
• Market size, estimates, and forecast from 2017 to 2030
• Market estimates and forecast for product segments up to 2030
• Regional market size and forecast for product segments up to 2030
• Market estimates and forecast for application segments up to 2030
• Regional market size and forecast for application segments up to 2030
• Company financial performance

**TABLE OF CONTENT**
Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Automotive Thermal Systems Market

5.1. COVID-19 Landscape: Automotive Thermal Systems Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Automotive Thermal Systems Market, By Component

8.1. Automotive Thermal Systems Market, by Component Type, 2021-2030

8.1.1. Compressor

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Heating Ventilation Air Conditioning (HVAC)

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Powertrain Cooling

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Fluid Transport

8.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Automotive Thermal Systems Market, By Application

9.1. Automotive Thermal Systems Market, by Application, 2021-2030

9.1.1. Front and Rear A/C

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Engine and transmission

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Seat

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Battery

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Motor

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Waste Heat Recovery

9.1.6.1. Market Revenue and Forecast (2019-2030)

9.1.7. Power Electronics

9.1.7.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Automotive Thermal Systems Market, By Vehicle

10.1. Automotive Thermal Systems Market, by Vehicle, 2021-2030

10.1.1. Passenger Vehicles

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Commercial Vehicles

10.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Automotive Thermal Systems Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Component (2019-2030)

11.1.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Component (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Component (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Component (2019-2030)

11.2.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Component (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Component (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Component (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Component (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Component (2019-2030)

11.3.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Component (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Component (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Component (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Component (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Component (2019-2030)

11.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Component (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Component (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Component (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Component (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Component (2019-2030)

11.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Component (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Component (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)

Chapter 12. Company Profiles

12.1. Denso Corporation

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Mahle GmbH

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Gentherm Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Valeo

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Grayson Thermal Systems

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Borgwarner Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. General Motors Company

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Lennox International Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Modine Manufacturing Company Inc.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Visteon Corporation

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms
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