The Global Passenger Vehicle Thermostats Sales Market size is projected to reach USD xx million by 2028, from USD xx million in 2017. The major factors driving the growth of this market are the increasing number of electric vehicles and the growing demand for luxury cars. In addition, rising environmental concerns have increased demand for energy-efficient products resulting in an increase in the adoption rate of HVAC systems across different industries including the automotive industry which has led to an increase in the sales of thermostat components such as housing thermostats and inserts thermostats.
Passenger vehicle thermostats are components that regulate the temperature of a car's interior. The passenger vehicle thermostat is usually found on or near the dashboard and is composed of two main parts: an ambient sensor, which registers the temperature outside and displays it inside as reading; and a control knob used to set the desired level for indoor comfort. The passenger vehicle thermostats are designed to protect the car's interior from extreme temperatures by regulating air conditioning and heating.
On the basis of Type, the global passenger vehicle thermostats market is segmented into Insert Thermostat and Housing Thermostats.
Insert Thermostat is a removable component of an HVAC system that regulates the temperature inside passenger cars. It can be found in vehicles like trucks, buses, and vans with air conditioning systems. Insert Thermostats are mounted inside the dashboard and can be removed easily.
Housing Thermostat, on the other hand, is a component of an HVAC system that regulates the temperature in passenger cars by adjusting airflow from the vents to keep it at desired levels. It's usually located near windshields or windows and cannot be removed without damaging car interiors.
On the basis of Application, the global passenger vehicle thermostats market is segmented into Sedan, Pickup, and SUV.
Passenger vehicle thermostats are used in sedans. They are often equipped with a heating and cooling system that can be controlled by the occupants of the car, meaning they have to turn it on if they want their seat warmer or cooler. Some vehicles also have an auxiliary module for people who need to maintain specific temperatures when doing work while driving, such as those with special medical needs like diabetes. The passenger-side dashboard contains different buttons and dials than what you'll find on driver's side dashboards - drivers don't need these features because there is no one sitting across from them to control temperature settings (unless someone else is riding along in the front).
Passenger vehicle thermostats are located in the engine compartment of a pickup truck. The passenger side and driver's side have their own thermometer, which is connected to the radiator through hoses filled with coolant. When one starts up the vehicle, the cooling fan turns on and pulls air from inside the cabin across each gauge’s sender’s switch, which is a metal strip with several small holes on the passenger and driver side.
Passenger vehicle thermostats work the same way as they do in sedans. The difference is that more surface area has to be covered, so the driver can get a better sense of how hot or cold it really is outside with their hands resting on the wheel. In cases where SUVs are equipped with rear-seat HVAC vents, rear passengers will also have the option of adjusting their side's temperature.
On the basis of Region, the global passenger vehicle thermostats market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa in terms of revenue (USD Million).
North America is the largest region for the global passenger vehicle thermostats market and accounted for a share of about 42 .0% in 2017. The dominance of North America can be attributed to the presence of key players such as Johnson Controls, Inc., American Thermal Corporation, ACDelco Division Company LLC, and Panasonic Corporation in this region.
In the Asia Pacific, Japan emerged as one of the leading countries with a consumption rate that amounted to approximately 11.0% in 2017 owing to its high awareness levels among consumers on related issues. In addition; large automotive conglomerates are also present such as Honda Motor Co Ltd, Toyota Motor Corp, and Suzuki Motors Limited which provide stringent norms governing air-conditioner systems for cars overseas thus boosting their demand across the region.
In Europe, the demand for passenger vehicle thermostats is projected to rise at a CAGR of around +25% during 2017-2028 owing to high awareness levels among consumers on related issues such as climate control and heating systems which are controlled by this system in automobiles. The increasing concern over the emission norms governing air-conditioner systems across various countries in the region also boosts its demand. Modern technologies will be instrumental in introducing new features that enable these devices to monitor their performance and rectify any problems before they escalate thus boosting their adoption rate.
-Air conditioning systems in passenger vehicles are becoming more advanced and feature-rich. This is driving the need for better thermostats, which will result in higher demand for these devices.
-There has been an increase in awareness about climate control technology among consumers, which prompts them to install new car air conditioners with improved features such as touch screens, voice controls, and other interactive capabilities. Such enhancements have led to increased requirements on newer models of automobiles that also use electronic components including controllers and sensors. Passenger vehicle manufacturers are developing their product ranges by using different types of automotive technologies include touchscreen infotainment displays or digital instrument clusters both leading to growth in this industry over the forecast period from 2021 to 2028.
-Innovations in the passenger vehicle industry will continue to be driven by advancements in technology, leading to increased demand for new and improved features in vehicles.
-The increasing demand for passenger vehicle thermostats is being driven by the rise in global automotive production, as well as growing demands from consumers for improved technologies such as touchscreen infotainment displays and digital instrument clusters.
Up Market Research published a new report titled “Passenger Vehicle Thermostats Sales Market research report which is segmented by Types (Insert Thermostat, Housing Thermostat), By Applications (Sedan, Pickup, SUV), By Players/Companies Nippon Thermostat, Arlington Industries Group, Mahle, Stant Corporation, Qufu TEMB, Kirpart, Fuji Bellows, Ningbo Xingci Thermal, Vernet, INZI Controls, Gates Corporation, Dongfeng-Fuji-Thomson, Ruian Wantai Auto, TAMA, Kuzeh”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Passenger Vehicle Thermostats Sales Market Research Report |
By Type | Insert Thermostat, Housing Thermostat |
By Application | Sedan, Pickup, SUV |
By Companies | Nippon Thermostat, Arlington Industries Group, Mahle, Stant Corporation, Qufu TEMB, Kirpart, Fuji Bellows, Ningbo Xingci Thermal, Vernet, INZI Controls, Gates Corporation, Dongfeng-Fuji-Thomson, Ruian Wantai Auto, TAMA, Kuzeh |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 240 |
Number of Tables & Figures | 168 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Insert Thermostat, Housing Thermostat and By Application Sedan, Pickup, SUV.
Some of the companies that are profiled in this report are:
Passenger Vehicle Thermostats Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Passenger Vehicle Thermostats Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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