The Latin America, Middle East and Africa Automotive Thermal System Market would witness market growth of 7.4% CAGR during the forecast period (2022-2028).
Thermal management technical solutions have emerged over past few years. New items, such as electronic pumps and valves, have been created and commercialized by automotive vendors. Meanwhile, low-cost variable mechanical solutions have also been commercialized that provide many of the advantages of electrified devices. Individual components are grouped to form system sets for use in specific vehicles. As components and systems are optimized to give CO2 advantages at lower prices, this state of flux is projected to last over a long period. Both conventional and powered powertrain vehicles can benefit from thermal management technology. Thermal technology advancements may lower parasitic losses, but they also improve the efficiency of engines, gearboxes, and HVAC systems.
The impact on fuel consumption, and the expense of the technology, both from a piece-cost and development-cost perspective, is a fundamental technical metric for conventional powertrains. The importance of thermal management in electrified powertrains comes from improved electric powertrain range, shorter charging times, and the ability to lower the size, volume, and price of the powertrain subsystem, like motor, power electronics, or battery. Thermal management benefits include energy savings as well as improved passenger comfort, which has a favorable customer impact. The automotive thermal system market would expand due to all these factors.
The Automobile Association of Zimbabwe, along with other African Council of Touring and Automobile Clubs members, have urged importing and exporting countries to take actions to boost safer and cleaner use of vehicles in Africa. Reforms and policies began to benefit the formation of the Association of African Automotive Manufacturers (AAAM). Any vehicle business that establishes a local assembly facility in Nigeria, Kenya, or Ghana may be eligible for tax breaks and tariff exemptions lasting up to ten years. Additionally, Africa's infrastructure is also improving, which is expected to help the region's automobile sector. Western and Northern Africa are likely to fuel growth, with nations such as Ghana and Morocco playing a vital role. The Ghanaian automotive market is expected to grow at a substantial rate if the country achieves even half of its goal, as economic growth is directly related to the expansion of automobile markets. Morocco's integration into the overall economy has been facilitated by the signing of various free trade agreements with the European Union and the United States. These trade accords supported the region's transition to export-oriented development. Authorities are taking the necessary steps to lure OEMs from around the world to set up manufacturing plants in the region, which is expected to stimulate demand for new automobiles.
The Brazil market dominated the LAMEA Automotive Thermal System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,303.4 Million by 2028. The Argentina market is anticipated to grow at a CAGR of 8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Automotive Thermal System Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Automotive Thermal System Market, by Propulsion
1.4.2 LAMEA Automotive Thermal System Market, by Application
1.4.3 LAMEA Automotive Thermal System Market, by Vehicle Type
1.4.4 LAMEA 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. LAMEA Automotive Thermal System Market by Propulsion
4.1 LAMEA ICE Vehicles Market by Country
4.2 LAMEA Electric & Hybrid Vehicles Market by Country
Chapter 5. LAMEA Automotive Thermal System Market by Application
5.1 LAMEA HVAC Market by Country
5.2 LAMEA Powertrain Cooling Market by Country
5.3 LAMEA Fluid Transport Market by Country
5.4 LAMEA Others Market by Country
Chapter 6. LAMEA Automotive Thermal System Market by Vehicle Type
6.1 LAMEA Passenger Cars Market by Country
6.2 LAMEA Light Commercial Vehicles Market by Country
6.3 LAMEA Heavy Commercial Vehicles Market by Country
Chapter 7. LAMEA Automotive Thermal System Market by Country
7.1 Brazil Automotive Thermal System Market
7.1.1 Brazil Automotive Thermal System Market by Propulsion
7.1.2 Brazil Automotive Thermal System Market by Application
7.1.3 Brazil Automotive Thermal System Market by Vehicle Type
7.2 Argentina Automotive Thermal System Market
7.2.1 Argentina Automotive Thermal System Market by Propulsion
7.2.2 Argentina Automotive Thermal System Market by Application
7.2.3 Argentina Automotive Thermal System Market by Vehicle Type
7.3 UAE Automotive Thermal System Market
7.3.1 UAE Automotive Thermal System Market by Propulsion
7.3.2 UAE Automotive Thermal System Market by Application
7.3.3 UAE Automotive Thermal System Market by Vehicle Type
7.4 Saudi Arabia Automotive Thermal System Market
7.4.1 Saudi Arabia Automotive Thermal System Market by Propulsion
7.4.2 Saudi Arabia Automotive Thermal System Market by Application
7.4.3 Saudi Arabia Automotive Thermal System Market by Vehicle Type
7.5 South Africa Automotive Thermal System Market
7.5.1 South Africa Automotive Thermal System Market by Propulsion
7.5.2 South Africa Automotive Thermal System Market by Application
7.5.3 South Africa Automotive Thermal System Market by Vehicle Type
7.6 Nigeria Automotive Thermal System Market
7.6.1 Nigeria Automotive Thermal System Market by Propulsion
7.6.2 Nigeria Automotive Thermal System Market by Application
7.6.3 Nigeria Automotive Thermal System Market by Vehicle Type
7.7 Rest of LAMEA Automotive Thermal System Market
7.7.1 Rest of LAMEA Automotive Thermal System Market by Propulsion
7.7.2 Rest of LAMEA Automotive Thermal System Market by Application
7.7.3 Rest of LAMEA 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 LAMEA Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 8 LAMEA Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 9 LAMEA ICE Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA ICE Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Electric & Hybrid Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Electric & Hybrid Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 14 LAMEA Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 15 LAMEA HVAC Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA HVAC Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Powertrain Cooling Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Powertrain Cooling Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Fluid Transport Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Fluid Transport Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 24 LAMEA Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 25 LAMEA Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Automotive Thermal System Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Automotive Thermal System Market by Country, 2022 - 2028, USD Million
TABLE 33 Brazil Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 34 Brazil Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 35 Brazil Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 36 Brazil Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 37 Brazil Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 38 Brazil Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 39 Brazil Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 40 Brazil Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 41 Argentina Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 42 Argentina Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 43 Argentina Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 44 Argentina Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 45 Argentina Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 46 Argentina Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 47 Argentina Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 Argentina Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 UAE Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 50 UAE Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 51 UAE Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 52 UAE Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 53 UAE Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 54 UAE Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 55 UAE Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 56 UAE Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 59 Saudi Arabia Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 60 Saudi Arabia Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 61 Saudi Arabia Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 62 Saudi Arabia Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 63 Saudi Arabia Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 64 Saudi Arabia Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 65 South Africa Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 66 South Africa Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 67 South Africa Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 68 South Africa Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 69 South Africa Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 70 South Africa Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 71 South Africa Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 72 South Africa Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 73 Nigeria Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 74 Nigeria Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 75 Nigeria Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 76 Nigeria Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 77 Nigeria Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 78 Nigeria Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 79 Nigeria Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 80 Nigeria Automotive Thermal System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Automotive Thermal System Market, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Automotive Thermal System Market, 2022 - 2028, USD Million
TABLE 83 Rest of LAMEA Automotive Thermal System Market by Propulsion, 2018 - 2021, USD Million
TABLE 84 Rest of LAMEA Automotive Thermal System Market by Propulsion, 2022 - 2028, USD Million
TABLE 85 Rest of LAMEA Automotive Thermal System Market by Application, 2018 - 2021, USD Million
TABLE 86 Rest of LAMEA Automotive Thermal System Market by Application, 2022 - 2028, USD Million
TABLE 87 Rest of LAMEA Automotive Thermal System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 88 Rest of LAMEA 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