Automotive Coolant Heater Market – Global Industry Analysis and Forecast (2023-2029)

Automotive Coolant Heater Market is expected to grow at a CAGR of 4.1% throughout the forecast period, to reach US$ 6.9 Bn. by 2029.

The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Automotive Coolant Heater Market Overview
Automotive coolant heater pre-heats the vehicle coolant, to start the engine at low temperature. It also ensures the supply of warm fuel to the engine of vehicle during cold weather, also preventing the engine from wearing out. It also preserves the vehicle engine from freezing and overheating.To know about the Research Methodology :- Request Free Sample Report
Automotive Coolant Heater Market Dynamics
Rising demand of coolant heater in cold weather countries, which leads to freezing of liquid like oil, fuel, coolant in vehicles anticipated the growth of the global automotive coolant heater market during the forecast period. Countries such as Russia, Canada, Germany experience cold weather, the vehicle owners are facing the problem of starting and ignition, which increases the wear and reduces the engine life. To prevent the vehicle engine from wear by supplying warm fuel in cold weather increases the demand of the coolant heater, which in turn fuels the growth of the market. Regulations enacted by regulatory bodies are compelling automakers to upgrade vehicle economy, resulting into fueling the demand of the automotive coolant heater.

The manufacturers start adding the antifreeze additives like ethylene glycol in coolant to resist the cold temperature which reduces the demand for the coolant heater, which restrain the growth of the market over the estimated period. Rise in trends of adoption of electric vehicles across the globe as increasing awareness about environment pollution by 〖CO〗_2 emission, hinder the growth of the market during the forecast period.
Automotive Coolant Heater Market Segment Analysis
Global Automotive Coolant Heater market is segmented by Vehicle type, by Voltage, by Fuel type and by region. The passenger vehicle segment of vehicle type is expected to rise with highest CAGR over the forecast period, as increasing the sales of the passenger vehicle across the globe. The gasoline segment of fuel type is booming the share of this segment, as many nations banned diesel engine for reducing the CO2 emission which pollutes the environment. The 24V supply is more compatible, this segment is expected to grow with highest CAGR over the estimated year.
Automotive Coolant Heater Market Regional Analysis
The regional analysis of global Automotive Coolant Heater market is segregated across North America, Europe, Asia Pacific, Middle East and Africa, and South America. Europe is dominating the global Automotive Coolant Heater market, followed by North America during the forecast period. Countries of Europe including France, Germany, Spain, and Russia are home to majority of the aftermarket players. The manufacturer spends significant revenue on research and development to increase the vehicle life. These are some of the major factors which fueled the automotive coolant heater market in Europe.

The objective of the report is to present a comprehensive analysis of the Global Automotive Coolant Heater Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Automotive Coolant Heater Market dynamics, structure by analyzing the market segments and projects the Global Automotive Coolant Heater Market size. Clear representation of competitive analysis of key players by Fuel type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Coolant Heater Market make the report investor’s guide.
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Automotive Coolant Heater Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 5.2 Bn.


Forecast Period 2023 to 2029 CAGR:
4.1%
Market Size in 2029:
US $ 6.9 Bn.


 Segments Covered:
by Vehicle type
• Light commercial vehicle
• Heavy commercial vehicle
• Passenger vehicle


by Voltage
• 12V
• 24V


by Fuel type
• Gasoline
• Diesel



Automotive Coolant Heater Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Automotive Coolant Heater Market Key Players
• Phillips & Temro Industries
• Webasto Thermo & Comfort
• SAM Integrations Pvt. Ltd.
• LF Bros
• GENTHERM
• TOPS Industry & Technology Co., Ltd.
• VVKB
• Hotstart Thermal Management
• Preheat Engineering
• BorgWarner Inc.
• Hotstart Thermal Management
• Worry Corporation
• Calix Ab
• Eberspächer Gruppe GmbH & Co. KG

Frequently Asked Questions:

1. Which region has the largest share in Automotive Coolant Heater Market?
Ans: Europe region held the highest share in 2022.

2. What is the growth rate of Automotive Coolant Heater Market?
Ans: The Automotive Coolant Heater Market is growing at a CAGR of 4.1% during forecasting period 2023-2029.

3. What is scope of the Automotive Coolant Heater Market report?
Ans: Automotive Coolant Heater Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Automotive Coolant Heater Market?
Ans: The important key players in the Automotive Coolant Heater Market are – Phillips & Temro Industries, Webasto Thermo & Comfort, SAM Integrations Pvt. Ltd., LF Bros, GENTHERM, TOPS Industry & Technology Co., Ltd., VVKB, Hotstart Thermal Management, Preheat Engineering, BorgWarner Inc., Hotstart Thermal Management, Worry Corporation, Calix Ab, Eberspächer Gruppe GmbH & Co. KG.

5. What is the study period of this Market?
Ans: The Automotive Coolant Heater Market is studied from 2022 to 2029.