The Europe Automotive Thermal System Market would witness market growth of 4.4% CAGR during the forecast period (2022-2028).
It provides the maximum possible travel range for its electric fleet, due to which, major original equipment manufacturers are focusing on the development of heat management systems. Additionally, the thermal process also ensures that the temperature is preserved even in the harshest weather conditions, resulting in a significant increase in the demand. With the growth of vehicle electrification, auto parts suppliers are majorly increasing their efforts to strengthen their position in the thermal energy management industry.
Increasing demand for fancy vehicles with enhanced amenities and comfort, the imposition of stringent pollution guidelines, and the incorporation of smart thermal management technologies into vehicles are all key factors accelerating the demand for the automotive thermal systems all over the world. The surge in demand for electric vehicles, the introduction of lightweight heating, airflow, and air conditioning (HVAC) remedies and eco-friendly coolants, and advanced technologies are expected to create lucrative prospects for market players in the automotive thermal system market.
A battery heat management system is required for vehicles that use an all-electric or hybrid powertrain. For optimal charge storage and utilization efficiency, the battery was kept at a specified temperature. As a result, the regional market for automotive thermal management would be driven by a growth in the number of battery electric vehicles or plug-in hybrid vehicles in this region. New electric vehicle registrations increased to 1.4 million, representing a 10% of the market share. Germany recorded 395 000 new electric cars in the major market, whereas France registered 185 000. Registrations in the United Kingdom more than doubled, reaching 176 000. In Norway, electric automobiles have a record high sales share of 75%, a rise of almost one-third from 2019. Electric vehicle sales exceeded 30% in Sweden, 50% in Iceland, and 25% in the Netherlands. Despite the economic downturn, Europe has seen a boom in electric vehicle registrations.
The Germany market dominated the Europe Automotive Thermal System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,891.5 Million by 2028. The UK market is poised to grow at a CAGR of 3.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automotive Thermal System Market Size will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Automotive Thermal System Market, by Propulsion
1.4.2 Europe Automotive Thermal System Market, by Application
1.4.3 Europe Automotive Thermal System Market, by Vehicle Type
1.4.4 Europe 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. Europe Automotive Thermal System Market by Propulsion
4.1 Europe ICE Vehicles Market by Country
4.2 Europe Electric & Hybrid Vehicles Market by Country
Chapter 5. Europe Automotive Thermal System Market by Application
5.1 Europe HVAC Market by Country
5.2 Europe Powertrain Cooling Market by Country
5.3 Europe Fluid Transport Market by Country
5.4 Europe Others Market by Country
Chapter 6. Europe Automotive Thermal System Market by Vehicle Type
6.1 Europe Passenger Cars Market by Country
6.2 Europe Light Commercial Vehicles Market by Country
6.3 Europe Heavy Commercial Vehicles Market by Country
Chapter 7. Europe Automotive Thermal System Market by Country
7.1 Germany Automotive Thermal System Market
7.1.1 Germany Automotive Thermal System Market by Propulsion
7.1.2 Germany Automotive Thermal System Market by Application
7.1.3 Germany Automotive Thermal System Market by Vehicle Type
7.2 UK Automotive Thermal System Market
7.2.1 UK Automotive Thermal System Market by Propulsion
7.2.2 UK Automotive Thermal System Market by Application
7.2.3 UK Automotive Thermal System Market by Vehicle Type
7.3 France Automotive Thermal System Market
7.3.1 France Automotive Thermal System Market by Propulsion
7.3.2 France Automotive Thermal System Market by Application
7.3.3 France Automotive Thermal System Market by Vehicle Type
7.4 Russia Automotive Thermal System Market
7.4.1 Russia Automotive Thermal System Market by Propulsion
7.4.2 Russia Automotive Thermal System Market by Application
7.4.3 Russia Automotive Thermal System Market by Vehicle Type
7.5 Spain Automotive Thermal System Market
7.5.1 Spain Automotive Thermal System Market by Propulsion
7.5.2 Spain Automotive Thermal System Market by Application
7.5.3 Spain Automotive Thermal System Market by Vehicle Type
7.6 Italy Automotive Thermal System Market
7.6.1 Italy Automotive Thermal System Market by Propulsion
7.6.2 Italy Automotive Thermal System Market by Application
7.6.3 Italy Automotive Thermal System Market by Vehicle Type
7.7 Rest of Europe Automotive Thermal System Market
7.7.1 Rest of Europe Automotive Thermal System Market by Propulsion
7.7.2 Rest of Europe Automotive Thermal System Market by Application
7.7.3 Rest of Europe 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 Europe Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 2 Europe 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 Europe Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 8 Europe Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 9 Europe ICE Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe ICE Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Electric & Hybrid Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Electric & Hybrid Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 14 Europe Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 15 Europe HVAC Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe HVAC Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Powertrain Cooling Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Powertrain Cooling Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Fluid Transport Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Fluid Transport Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 24 Europe Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 25 Europe Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Automotive Thermal System Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Automotive Thermal System Market by Country, 2022 - 2028, USD Million
TABLE 33 Germany Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 34 Germany Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 35 Germany Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 36 Germany Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 37 Germany Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 38 Germany Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 39 Germany Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 40 Germany Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 41 UK Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 42 UK Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 43 UK Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 44 UK Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 45 UK Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 46 UK Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 47 UK Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 UK Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 France Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 50 France Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 51 France Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 52 France Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 53 France Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 54 France Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 55 France Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 56 France Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 57 Russia Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 58 Russia Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 59 Russia Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 60 Russia Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 61 Russia Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 62 Russia Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 63 Russia Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 64 Russia Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 65 Spain Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 66 Spain Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 67 Spain Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 68 Spain Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 69 Spain Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 70 Spain Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 71 Spain Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 72 Spain Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 73 Italy Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 74 Italy Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 75 Italy Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 76 Italy Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 77 Italy Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 78 Italy Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 79 Italy Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 80 Italy Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 81 Rest of Europe Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 82 Rest of Europe Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 83 Rest of Europe Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 84 Rest of Europe Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 85 Rest of Europe Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 86 Rest of Europe Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 87 Rest of Europe Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 88 Rest of Europe 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