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Automotive Thermostat - Global Market Trajectory & Analytics

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  • 280 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140598
Global Automotive Thermostat Market to Reach $1.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Thermostat estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 2.1% over the analysis period 2020-2027. Passenger Cars, one of the segments analyzed in the report, is projected to record a 2.1% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Light Commercial Vehicles segment is readjusted to a revised 2.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $446.2 Million, While China is Forecast to Grow at 4% CAGR

The Automotive Thermostat market in the U.S. is estimated at US$446.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$370.7 Million by the year 2027 trailing a CAGR of 4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.4% and 1.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.8% CAGR.

Heavy Commercial Vehicles Segment to Record 1.7% CAGR

In the global Heavy Commercial Vehicles segment, USA, Canada, Japan, China and Europe will drive the 1.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$61.9 Million in the year 2020 will reach a projected size of US$67.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$256.2 Million by the year 2027, while Latin America will expand at a 2.4% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • BorgWarner, Inc.
  • Continental AG
  • Denso Corporation
  • HELLA GmbH & Co. KGaA
  • MAHLE GmbH
  • Motorad Automotive
  • Nippon Thermostat Co., Ltd.
  • Robert Bosch GmbH
  • Sogefi SpA
  • Stant Corporation
  • Tama Enterprises Co., Ltd.
  • Valeo SA
  • Vernet SA
Frequently Asked Questions about the Global Market for Automotive Thermostat

What is the estimated value of the Global Market for Automotive Thermostat?

The Global Market for Automotive Thermostat was estimated to be valued at $1.6 Billion in 2020.

What is the growth rate of the Global Market for Automotive Thermostat?

The growth rate of the Global Market for Automotive Thermostat is 2.5%, with an estimated value of $1.9 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Thermostat?

The Global Market for Automotive Thermostat is estimated to be worth $1.9 Billion by 2027.

Table of Contents


  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession


  • Total Companies Profiled: 46