Automotive Thermal Management System Industry Global Research Report 2019

Posted by Abhijeet Bendre on January 18th, 2019

Market Research Future (MRFR) has published a detailed report stating that the global automotive thermal management system market is marked to expand moderately at a CAGR of 4.50% during the forecast period of 2017-2023. Increased implication of stringent regulatory framework in order to control the rate of vehicle emission in various regions and high demand for electric vehicles are majorly contributing to the expansion of the global automotive thermal management market.

The outlook remains positive for the global automotive thermal management system market for the medium term. Growth has been steady with minor fluctuations recorded past couple of years. OEMs remain cautious of the changes brought in by disruptive technologies in the automotive sector. The focus is shifting towards development of products that are future-ready. Moreover, increasing popularity of electric car is likely to create new avenues for market players in the years to come.

Browse More Details On The Advanced Suspension Control System Market Report at: https://www.marketresearchfuture.com/reports/automotive-thermal-management-system-market-6063

Based on propulsion, the automotive thermal management market has been segmented into internal combustion engine (ICE) vehicle and electric vehicle. The electric vehicle segment has been sub-segmented into battery electric vehicle (BEV), hybrid electric vehicle, and plug-in hybrid electric vehicles (PHEVs). The electric vehicle segment is projecting fastest growth at the CAGR of 6.69% during the forecast period, whereas, the ICE vehicle segment accounted for the maximum market share of 91.83% during 2017 in the global automotive thermal management system market. Based on vehicle type, the automotive thermal management system market has been segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment accounted for the maximum share of 79.86% of the global automotive thermal management system market in the year 2017.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:

Abhishek Sawant.

Market Research Future Office No. 528.

Amanora Chambers Magarpatta Road, Pune, India.

Phone: +1 646 845 9312.