Automotive Thermal System Market Share and Growth 2033
Vishal Gupta21 Feb, 2025Technology
The global automotive thermal system market size reached USD 38.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 52.7 Billion by 2033, exhibiting a growth rate (CAGR) of 3.41% during 2025-2033. The rising demand for fuel efficiency, escalating trend towards lightweight vehicles for improved fuel efficiency, and rapid growth in the automotive industry are some of the major factors propelling the demand. In addition, advancements in materials, sensors, and electronics are opportunistic for market growth.
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