The Asia Pacific Automotive Thermal System Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
The demand for heavy-duty electrical components, like heavy-duty batteries and high-current motors, is projected to increase in the coming years. With growing powertrain and automation electrification, the need for electronics components has surged in the automobile sector in both commercial and passenger vehicles.
For the approaching battery electric vehicles, companies are investing in more efficient battery systems. Various market players are increasing their expenditures on the research and development activities in order to introduce advancements in the automotive thermal systems sector. These advancements would aid manufacturers and suppliers to meet the continuously evolving the demands of their customers. Due to this, the automotive thermal market is estimated to expand during the forecasting years.
Growing government laws encouraging the adoption of electric vehicles, as well as rapid expansion by original equipment manufacturers (OEMs) in the area to meet expanding demand from China's automotive industry, are likely to boost the market growth over the forecast period. The Indian automobile sector is the one of the biggest automotive sectors of the world and have a major automotive output. Over the past few years, the country's car component business has also grown dramatically. For instance, Matter, an Ahmedabad-based technology innovation start-up focused on creating futuristic sustainable solutions, announced the formation of a new high-speed mid-torque electric motor in March 2022.
Due to the countries, like China, Japan, India, and South Korea, the Asia-Pacific region is a significant market for automotive components. Due to the increasing passenger cars and light commercial vehicle usage, the Indian automotive sector contributes to a significant proportion of the regional automotive sector.
The China market dominated the Asia Pacific Automotive Thermal System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,011.8 Million by 2028. The Japan market is estimated to grow at a CAGR of 4.8% during (2022 - 2028). Additionally, The India market would witness a CAGR of 6.1% during (2022 - 2028).
Based on Propulsion, the market is segmented into ICE Vehicles and Electric & Hybrid Vehicles. Based on Application, the market is segmented into HVAC, Powertrain Cooling, Fluid Transport, and Others. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Thermal System Market is Projected to reach USD 59.7 Billion by 2028, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BorgWarner, Inc., Robert Bosch GmbH, Continental AG, Denso Corporation, Dana Incorporated, Valeo SA, Hanon Systems, Mahle GmbH, Gentherm Incorporated, and Grayson Automotive Services Limited.
Scope of the Study
Market Segments Covered in the Report:
By Propulsion
- ICE Vehicles
- Electric & Hybrid Vehicles
By Application
- HVAC
- Powertrain Cooling
- Fluid Transport
- Others
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- BorgWarner, Inc.
- Robert Bosch GmbH
- Continental AG
- Denso Corporation
- Dana Incorporated
- Valeo SA
- Hanon Systems
- Mahle GmbH
- Gentherm Incorporated
- Grayson Automotive Services Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Automotive Thermal System Market, by Propulsion
1.4.2 Asia Pacific Automotive Thermal System Market, by Application
1.4.3 Asia Pacific Automotive Thermal System Market, by Vehicle Type
1.4.4 Asia Pacific Automotive Thermal System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Acquisitions and Mergers: 2019, Mar – 2022, Apr) Leading Players
Chapter 4. Asia Pacific Automotive Thermal System Market by Propulsion
4.1 Asia Pacific ICE Vehicles Market by Country
4.2 Asia Pacific Electric & Hybrid Vehicles Market by Country
Chapter 5. Asia Pacific Automotive Thermal System Market by Application
5.1 Asia Pacific HVAC Market by Country
5.2 Asia Pacific Powertrain Cooling Market by Country
5.3 Asia Pacific Fluid Transport Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Automotive Thermal System Market by Vehicle Type
6.1 Asia Pacific Passenger Cars Market by Country
6.2 Asia Pacific Light Commercial Vehicles Market by Country
6.3 Asia Pacific Heavy Commercial Vehicles Market by Country
Chapter 7. Asia Pacific Automotive Thermal System Market by Country
7.1 China Automotive Thermal System Market
7.1.1 China Automotive Thermal System Market by Propulsion
7.1.2 China Automotive Thermal System Market by Application
7.1.3 China Automotive Thermal System Market by Vehicle Type
7.2 Japan Automotive Thermal System Market
7.2.1 Japan Automotive Thermal System Market by Propulsion
7.2.2 Japan Automotive Thermal System Market by Application
7.2.3 Japan Automotive Thermal System Market by Vehicle Type
7.3 India Automotive Thermal System Market
7.3.1 India Automotive Thermal System Market by Propulsion
7.3.2 India Automotive Thermal System Market by Application
7.3.3 India Automotive Thermal System Market by Vehicle Type
7.4 South Korea Automotive Thermal System Market
7.4.1 South Korea Automotive Thermal System Market by Propulsion
7.4.2 South Korea Automotive Thermal System Market by Application
7.4.3 South Korea Automotive Thermal System Market by Vehicle Type
7.5 Singapore Automotive Thermal System Market
7.5.1 Singapore Automotive Thermal System Market by Propulsion
7.5.2 Singapore Automotive Thermal System Market by Application
7.5.3 Singapore Automotive Thermal System Market by Vehicle Type
7.6 Malaysia Automotive Thermal System Market
7.6.1 Malaysia Automotive Thermal System Market by Propulsion
7.6.2 Malaysia Automotive Thermal System Market by Application
7.6.3 Malaysia Automotive Thermal System Market by Vehicle Type
7.7 Rest of Asia Pacific Automotive Thermal System Market
7.7.1 Rest of Asia Pacific Automotive Thermal System Market by Propulsion
7.7.2 Rest of Asia Pacific Automotive Thermal System Market by Application
7.7.3 Rest of Asia Pacific Automotive Thermal System Market by Vehicle Type
Chapter 8. Company Profiles
8.1 BorgWarner, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.2 Robert Bosch GmbH
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.3 Continental AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Denso Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.5 Dana Incorporated
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Acquisition and Mergers:
8.6 Valeo SA
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.5.2 Geographical Expansions:
8.8 Mahle GmbH (Mahle Stiftung GmbH)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.8.5.2 Acquisition and Mergers:
8.9 Gentherm Incorporated
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.10. Grayson Automotive Services Limited
8.10.1 Company Overview
TABLE 1 Asia Pacific Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Automotive Thermal System Market
TABLE 4 Product Launches And Product Expansions – Automotive Thermal System Market
TABLE 5 Acquisition and Mergers – Automotive Thermal System Market
TABLE 6 Geographical Expansions – Automotive Thermal System Market
TABLE 7 Asia Pacific Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 9 Asia Pacific ICE Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific ICE Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Electric & Hybrid Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Electric & Hybrid Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 15 Asia Pacific HVAC Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific HVAC Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Powertrain Cooling Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Powertrain Cooling Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Fluid Transport Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Fluid Transport Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Automotive Thermal System Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Automotive Thermal System Market by Country, 2022 - 2028, USD Million
TABLE 33 China Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 34 China Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 35 China Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 36 China Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 37 China Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 38 China Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 39 China Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 40 China Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 41 Japan Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 42 Japan Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 43 Japan Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 44 Japan Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 45 Japan Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 46 Japan Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 47 Japan Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 Japan Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 India Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 50 India Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 51 India Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 52 India Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 53 India Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 54 India Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 55 India Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 56 India Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 57 South Korea Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 58 South Korea Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 59 South Korea Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 60 South Korea Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 61 South Korea Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 62 South Korea Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 63 South Korea Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 64 South Korea Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 65 Singapore Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 66 Singapore Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 67 Singapore Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 68 Singapore Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 69 Singapore Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 70 Singapore Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 71 Singapore Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 72 Singapore Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 73 Malaysia Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 74 Malaysia Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 75 Malaysia Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 76 Malaysia Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 77 Malaysia Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 78 Malaysia Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 79 Malaysia Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 80 Malaysia Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 89 Key Information – BorgWarner, Inc.
TABLE 90 key information – Robert Bosch GmbH
TABLE 91 Key Information – Continental AG
TABLE 92 key information – Denso Corporation
TABLE 93 Key Information – Dana Incorporated
TABLE 94 key information – Valeo SA
TABLE 95 Key information – Hanon Systems
TABLE 96 Key information – Mahle GmbH
TABLE 97 Key Information – Gentherm Incorporated
TABLE 98 Key Information – Grayson Automotive Services Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Acquisitions and Mergers: 2019, Mar – 2022, Apr) Leading Players
FIG 5 Recent strategies and developments: BorgWarner, Inc.
FIG 6 SWOT Analysis: Continental AG
FIG 7 Recent strategies and developments: Hanon Systems