Commercial Vehicle Automotive Thermal System Market Global Report 2026

The commercial vehicle automotive thermal system market size has grown strongly in recent years. It will grow from $16.04 billion in 2025 to $17.18 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to rising commercial vehicle production, increasing demand for cabin temperature control, growing vehicle electrification, rising demand for engine cooling systems, and increasing need for improved powertrain reliability.

The commercial vehicle automotive thermal system market size is expected to see strong growth in the next few years. It will grow to $22.27 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing demand for battery thermal management, rising adoption of electrified thermal management systems, growing need for thermal management of power electronics, expanding use of electric coolant pumps, and increasing demand for energy-efficient heating, ventilation, and air conditioning systems. Major trends in the forecast period include greater adoption of integrated thermal management systems, rising demand for high-efficiency electric compressors, growing use of advanced heat exchangers, increasing demand for compact thermal control components, and rising adoption of waste heat recovery systems.

The increasing focus on fuel efficiency and emission reduction is expected to propel the growth of the commercial vehicle automotive thermal system market going forward. Fuel efficiency and emission reduction refer to improving the amount of useful transportation output achieved from fuel or energy consumption while minimizing the release of pollutants and greenhouse gases from vehicles. The increasing adoption of stringent government regulations and environmental standards aimed at reducing vehicle emissions is driving greater focus on fuel efficiency and emission reduction. The increasing focus on fuel efficiency and emission reduction accelerates the adoption of commercial vehicle automotive thermal systems by improving powertrain efficiency, reducing energy losses, and supporting compliance with stricter environmental regulations. For instance, in February 2026, according to the Environmental Protection Agency (EPA), a US-based government agency, preliminary data for model-year 2025 vehicles indicated that average real-world fuel economy was expected to increase to 28.1 miles per gallon, compared with 27.2 miles per gallon in 2024. Therefore, the increasing focus on fuel efficiency and emission reduction is driving the growth of the commercial vehicle automotive thermal system market.

Leading companies operating in the commercial vehicle automotive thermal system market are focusing on developing advanced solutions, such as battery thermal management systems, to improve electric vehicle (EV) performance, enhance battery safety, and extend battery lifespan. Battery thermal management systems refer to advanced cooling and heating technologies that regulate battery temperature to optimize battery efficiency, charging performance, and durability across varying operating conditions. For example, in October 2025, Grayson Thermal Systems, a UK-based manufacturer of thermal management solutions for commercial vehicles, launched its Complete Thermal Management range along with advanced high-voltage innovations at Busworld Europe 2025. Designed for battery-electric, hydrogen fuel cell, and hybrid commercial vehicles, the new portfolio integrates battery thermal management, HVAC, cooling, and high-voltage system solutions into a comprehensive platform to enhance vehicle efficiency, optimize thermal performance, and support the transition to zero-emission commercial transportation. Additionally, the solution features an integrated architecture that enables seamless coordination between battery, power electronics, and cabin thermal management systems to improve overall energy efficiency. It incorporates intelligent thermal control technologies that help maintain optimal operating temperatures across varying environmental and duty cycle conditions, supporting vehicle reliability and component longevity. The modular design also allows manufacturers to configure and scale the system for different commercial vehicle platforms, reducing integration complexity and accelerating vehicle development.

In January 2026, ELTA Automotive Limited, a UK-based automotive components supplier, acquired Cooling Components Limited for an undisclosed amount. Through this acquisition, ELTA Automotive aims to reinforce its position in the automotive cooling and thermal management market by expanding its product portfolio through Serck Automotive’s range of radiators, condensers, intercoolers, oil coolers, and other cooling components while strengthening its aftermarket offering throughout Europe. Cooling Components Limited is a UK-based manufacturer of thermal management products and cooling components designed for commercial vehicle applications.

Major companies operating in the commercial vehicle automotive thermal system market are Denso Corporation, Robert Bosch GmbH, MAHLE GmbH, Valeo SE, BorgWarner Inc., Hanon Systems Co. Ltd., ZF Friedrichshafen AG, Cummins Inc., Marelli Holdings Co. Ltd., Eaton Corporation plc, Rheinmetall AG, Modine Manufacturing Company, Parker-Hannifin Corporation, Webasto SE, Eberspächer Gruppe GmbH & Co. KG, Grayson Thermal Systems Limited, T.RAD Co. Ltd., Bergstrom Inc., VOSS Automotive GmbH, HYDAC International GmbH, Gentherm Incorporated, Hitachi Astemo Ltd.

North America was the dominant region in the commercial vehicle automotive thermal system market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the commercial vehicle automotive thermal system market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the commercial vehicle automotive thermal system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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