Global Automotive Thermostat Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global automotive thermostat market is anticipated to grow at a CAGR of 3.0% during the forecast period (2022-2028). It is an important part of a vehicle’s internal combustion engine as it supports the engine coolant to flow through the radiator and cylinder block. The major factor expected to drive the market growth is significant demand for passenger cars and commercial vehicles globally, particularly in regions such as North America, Asia-Pacific, and Europe. Furthermore, the increase in the production as well as the rising demand for high speed and better functioning engines and technological advancements. Moreover, the development of electronic thermostats,  adaptation of compact heat absorption components, and rising penetration of automotive thermostats in heated seats are some factors that propel the growth of the global automotive thermostat market during the forecast period.

Some major players in the market include BorgWarner Inc., Mahle GmbH, and Stant Manufacturing Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in April 2022, Yamaha Motor Pvt Ltd. announced the launch of the World GP 60th Anniversary Edition of its flagship 155cc supersport motorcycle, the YZF-R15M. Further, the company added that it offers a toggle button positioned on the right handlebar, an A&S clutch, a Bypass type thermostat cooling system, Muffler with a 3-stage expansion chamber, a Delta box frame, Linked-type Monocross rear suspension, and Dual-Channel ABS.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Vehicle Type
  • By Sales Channel
  • By Number of Valves
  • By Temperature
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

• Competitive Landscape- BorgWarner Inc., Mahle GmbH, and Stant Manufacturing Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive Thermostat Market Report by Segment

By Type

• Electronic
• Mechanical
• Programmable

By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

By Sales Channel

• Original Equipment Manufacturers (OEMs)
• Aftermarket

By Number of Valves

• Single Valve
• Dual Valve

By Temperature

• Regular Thermostat
• Low-Temperature Thermostat