Product Code: ETC13279418 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Engine and Transmission Thermal Systems Market was valued at USD 14.2 Billion in 2024 and is expected to reach USD 20.9 Billion by 2031, growing at a compound annual growth rate of 9.10% during the forecast period (2025-2031).
The Global Engine and Transmission Thermal Systems Market is witnessing steady growth due to the increasing demand for fuel-efficient vehicles and the growing automotive industry worldwide. These thermal systems play a crucial role in maintaining the optimal operating temperature of engines and transmissions, thereby enhancing overall vehicle performance and efficiency. Key trends driving market growth include the integration of advanced technologies such as thermal management systems and the shift towards electric and hybrid vehicles. Additionally, stringent emission regulations are prompting automakers to focus on developing innovative thermal solutions to reduce greenhouse gas emissions. The market is highly competitive with key players investing in research and development activities to introduce energy-efficient and environmentally friendly thermal systems, thereby creating lucrative opportunities for market expansion in the coming years.
The Global Engine and Transmission Thermal Systems Market is experiencing a shift towards more energy-efficient and environmentally friendly solutions, driven by stringent emission regulations and the growing focus on sustainability. Key trends include the increasing adoption of electric and hybrid vehicles, advancements in thermal management technologies for improved efficiency, and the integration of smart control systems for optimized performance. Opportunities in the market lie in the development of innovative thermal management solutions, such as active grille shutters and thermal energy recovery systems, to meet the evolving needs of the automotive industry. Additionally, the rising demand for electric vehicles presents a significant growth opportunity for companies specializing in thermal systems for battery cooling and temperature regulation. Overall, the market is poised for expansion as manufacturers strive to enhance vehicle performance while reducing environmental impact.
The Global Engine and Transmission Thermal Systems Market faces several challenges including stringent emission regulations, increasing demand for fuel efficiency, and the rapid advancement of electric and hybrid vehicles. Manufacturers in this market must constantly innovate to develop thermal systems that can effectively regulate the temperature of engines and transmissions while meeting strict emission standards. Additionally, the complexity of integrating thermal management systems with emerging technologies such as electric powertrains poses a challenge for traditional engine and transmission thermal system suppliers. Competition from new entrants specializing in electric vehicle thermal management further adds pressure on established players to adapt and stay competitive in this evolving market landscape.
The Global Engine and Transmission Thermal Systems Market is primarily being driven by stringent emission regulations prompting automotive manufacturers to enhance fuel efficiency through thermal management systems. Additionally, the increasing demand for electric vehicles is also a key driver as thermal systems play a crucial role in maintaining battery temperature and performance. The trend towards lightweight vehicles to improve overall efficiency and performance further boosts the market for advanced thermal management solutions. Moreover, the growing focus on autonomous driving technologies necessitates efficient thermal systems to ensure optimal performance and reliability. Overall, the market is propelled by the need for innovative thermal solutions to meet the evolving requirements of modern vehicles in terms of energy efficiency, emissions reduction, and driving range.
Government policies related to the Global Engine and Transmission Thermal Systems Market typically focus on regulations to reduce emissions and improve fuel efficiency. These policies may include emission standards that require automakers to use more efficient thermal systems to reduce greenhouse gas emissions. Additionally, government incentives and subsidies for electric vehicles and hybrid vehicles can drive the demand for thermal systems that are more energy-efficient. Governments may also promote research and development in the thermal systems sector to encourage innovation and technology advancements. Overall, government policies play a crucial role in shaping the market dynamics and driving the adoption of advanced thermal systems in the automotive industry.
The Global Engine and Transmission Thermal Systems Market is expected to witness steady growth in the coming years, driven by increasing demand for fuel-efficient vehicles and stricter emissions regulations. Advancements in thermal management technologies, such as electrically heated catalysts and waste heat recovery systems, are likely to further propel market growth. The growing trend towards electrification of vehicles is also expected to create opportunities for innovative thermal management solutions. Additionally, the expanding automotive industry in emerging markets and the rising adoption of advanced driver assistance systems (ADAS) are anticipated to contribute to the market`s expansion. However, challenges such as high initial costs and the complexity of integrating thermal systems into vehicles may hinder the market growth to some extent. Overall, the Global Engine and Transmission Thermal Systems Market is poised for a positive outlook in the foreseeable future.
In the Global Engine and Transmission Thermal Systems Market, Asia is witnessing significant growth due to the booming automotive industry in countries like China and India. North America is also a key region with a focus on enhancing fuel efficiency and reducing emissions. Europe is leading in the adoption of advanced thermal management technologies for engines and transmissions to meet stringent environmental regulations. The Middle East and Africa region is experiencing steady growth driven by increasing investments in automotive manufacturing. Latin America is showing potential for growth as the automotive market expands, especially in countries like Brazil and Mexico. Overall, the global market for engine and transmission thermal systems is expected to continue growing across all regions driven by the increasing demand for energy-efficient vehicles and regulatory requirements for reducing carbon emissions.
Global Engine and Transmission Thermal Systems Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Engine and Transmission Thermal Systems Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Engine and Transmission Thermal Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Global Engine and Transmission Thermal Systems Market - Industry Life Cycle |
3.4 Global Engine and Transmission Thermal Systems Market - Porter's Five Forces |
3.5 Global Engine and Transmission Thermal Systems Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Engine and Transmission Thermal Systems Market Revenues & Volume Share, By ICE Vehicle Type, 2021 & 2031F |
3.7 Global Engine and Transmission Thermal Systems Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Global Engine and Transmission Thermal Systems Market Revenues & Volume Share, By Electric Vehicle Type, 2021 & 2031F |
3.9 Global Engine and Transmission Thermal Systems Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Global Engine and Transmission Thermal Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Engine and Transmission Thermal Systems Market Trends |
6 Global Engine and Transmission Thermal Systems Market, 2021 - 2031 |
6.1 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By ICE Vehicle Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Passenger Car, 2021 - 2031 |
6.1.3 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Light Commercial Vehicle (LCV), 2021 - 2031 |
6.1.4 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Truck, 2021 - 2031 |
6.1.5 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Bus, 2021 - 2031 |
6.2 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Active Transmission Warm Up, 2021 - 2031 |
6.2.3 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By EGR, 2021 - 2031 |
6.2.4 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Engine Thermal Mass Reduction, 2021 - 2031 |
6.2.5 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Reduced HVAC System Loading, 2021 - 2031 |
6.2.6 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Electric Vehicle Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Battery Electric Vehicle (BEV), 2021 - 2031 |
6.3.3 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Hybrid Electric Vehicle (HEV), 2021 - 2031 |
6.3.4 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Plug-in Hybrid Electric Vehicle (PHEV), 2021 - 2031 |
6.3.5 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Fuel Cell Electric Vehicle (FCEV), 2021 - 2031 |
6.3.6 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By 48v Mild Hybrid Vehicle, 2021 - 2031 |
6.4 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Component, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Air Filter, 2021 - 2031 |
6.4.3 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Condenser, 2021 - 2031 |
6.4.4 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Compressor, 2021 - 2031 |
6.4.5 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Wter Pump, 2021 - 2031 |
6.4.6 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Motor, 2021 - 2031 |
6.4.7 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Heat Exchanger, 2021 - 2031 |
6.4.8 Global Engine and Transmission Thermal Systems Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Engine and Transmission Thermal Systems Market, Overview & Analysis |
7.1 North America Engine and Transmission Thermal Systems Market Revenues & Volume, 2021 - 2031 |
7.2 North America Engine and Transmission Thermal Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Engine and Transmission Thermal Systems Market, Revenues & Volume, By ICE Vehicle Type, 2021 - 2031 |
7.4 North America Engine and Transmission Thermal Systems Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.5 North America Engine and Transmission Thermal Systems Market, Revenues & Volume, By Electric Vehicle Type, 2021 - 2031 |
7.6 North America Engine and Transmission Thermal Systems Market, Revenues & Volume, By Component, 2021 - 2031 |
8 Latin America (LATAM) Engine and Transmission Thermal Systems Market, Overview & Analysis |
8.1 Latin America (LATAM) Engine and Transmission Thermal Systems Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Engine and Transmission Thermal Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Engine and Transmission Thermal Systems Market, Revenues & Volume, By ICE Vehicle Type, 2021 - 2031 |
8.4 Latin America (LATAM) Engine and Transmission Thermal Systems Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.5 Latin America (LATAM) Engine and Transmission Thermal Systems Market, Revenues & Volume, By Electric Vehicle Type, 2021 - 2031 |
8.6 Latin America (LATAM) Engine and Transmission Thermal Systems Market, Revenues & Volume, By Component, 2021 - 2031 |
9 Asia Engine and Transmission Thermal Systems Market, Overview & Analysis |
9.1 Asia Engine and Transmission Thermal Systems Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Engine and Transmission Thermal Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Engine and Transmission Thermal Systems Market, Revenues & Volume, By ICE Vehicle Type, 2021 - 2031 |
9.4 Asia Engine and Transmission Thermal Systems Market, Revenues & Volume, By Technology, 2021 - 2031 |
9.5 Asia Engine and Transmission Thermal Systems Market, Revenues & Volume, By Electric Vehicle Type, 2021 - 2031 |
9.6 Asia Engine and Transmission Thermal Systems Market, Revenues & Volume, By Component, 2021 - 2031 |
10 Africa Engine and Transmission Thermal Systems Market, Overview & Analysis |
10.1 Africa Engine and Transmission Thermal Systems Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Engine and Transmission Thermal Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Engine and Transmission Thermal Systems Market, Revenues & Volume, By ICE Vehicle Type, 2021 - 2031 |
10.4 Africa Engine and Transmission Thermal Systems Market, Revenues & Volume, By Technology, 2021 - 2031 |
10.5 Africa Engine and Transmission Thermal Systems Market, Revenues & Volume, By Electric Vehicle Type, 2021 - 2031 |
10.6 Africa Engine and Transmission Thermal Systems Market, Revenues & Volume, By Component, 2021 - 2031 |
11 Europe Engine and Transmission Thermal Systems Market, Overview & Analysis |
11.1 Europe Engine and Transmission Thermal Systems Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Engine and Transmission Thermal Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Engine and Transmission Thermal Systems Market, Revenues & Volume, By ICE Vehicle Type, 2021 - 2031 |
11.4 Europe Engine and Transmission Thermal Systems Market, Revenues & Volume, By Technology, 2021 - 2031 |
11.5 Europe Engine and Transmission Thermal Systems Market, Revenues & Volume, By Electric Vehicle Type, 2021 - 2031 |
11.6 Europe Engine and Transmission Thermal Systems Market, Revenues & Volume, By Component, 2021 - 2031 |
12 Middle East Engine and Transmission Thermal Systems Market, Overview & Analysis |
12.1 Middle East Engine and Transmission Thermal Systems Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Engine and Transmission Thermal Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Engine and Transmission Thermal Systems Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Engine and Transmission Thermal Systems Market, Revenues & Volume, By ICE Vehicle Type, 2021 - 2031 |
12.4 Middle East Engine and Transmission Thermal Systems Market, Revenues & Volume, By Technology, 2021 - 2031 |
12.5 Middle East Engine and Transmission Thermal Systems Market, Revenues & Volume, By Electric Vehicle Type, 2021 - 2031 |
12.6 Middle East Engine and Transmission Thermal Systems Market, Revenues & Volume, By Component, 2021 - 2031 |
13 Global Engine and Transmission Thermal Systems Market Key Performance Indicators |
14 Global Engine and Transmission Thermal Systems Market - Export/Import By Countries Assessment |
15 Global Engine and Transmission Thermal Systems Market - Opportunity Assessment |
15.1 Global Engine and Transmission Thermal Systems Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Engine and Transmission Thermal Systems Market Opportunity Assessment, By ICE Vehicle Type, 2021 & 2031F |
15.3 Global Engine and Transmission Thermal Systems Market Opportunity Assessment, By Technology, 2021 & 2031F |
15.4 Global Engine and Transmission Thermal Systems Market Opportunity Assessment, By Electric Vehicle Type, 2021 & 2031F |
15.5 Global Engine and Transmission Thermal Systems Market Opportunity Assessment, By Component, 2021 & 2031F |
16 Global Engine and Transmission Thermal Systems Market - Competitive Landscape |
16.1 Global Engine and Transmission Thermal Systems Market Revenue Share, By Companies, 2024 |
16.2 Global Engine and Transmission Thermal Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |