Passenger Vehicle Thermostats Market

The global Passenger Vehicle Thermostats market was valued at 715.24 Million USD in 2021 and will grow with a CAGR of 4.24% from 2021 to 2027, based on Research newly published report.
The prime objective of Passenger Vehicle Thermostats Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Passenger Vehicle Thermostats Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Automotive Thermostat is a temperature controlled on and off valve. When the temperature rises to a predetermined temperature, the thermostat opens up to allow the engine coolant to flow through the cylinder block and the radiator. This flow is crucial to maintain optimum operating temperature for fuel efficiency, enhanced drivability, and engine protection. The coolant flow is reduced when the engine is cold, and the flow is increased when the engine is hot.Asia Pacific is the largest consumption region of the Passenger Vehicle Thermostat, holds above 37% sales market in 2019, followed by Europe, with about 32%. The Passenger Vehicle Thermostat is classified into the Insert Thermostat and Housing Thermostat according to the product type. As of 2019, Insert Thermostat segment dominates the market contributing more than 75% of the total market. The Passenger Vehicle Thermostat market is relative fragment market; key players include 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; the revenue of top ten manufacturers accounts about 60% of the total revenue, in 2019. The high-end products mainly come from Europe and Japan.
By Market Verdors:

• 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

By Types:

• Insert Thermostat
• Housing Thermostat

By Applications:

• Sedan
• Pickup
• SUV

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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