Global Market Study on Automotive Thermostat: The Future Lies in Steady Sales of Luxury Vehicles

Krazymedia25 Nov, 2022Business

The global luxury vehicle market is comparatively less affected by the financial crisis and has shown growth driven by developing markets. Luxury vehicles have more than one thermostat attached to their systems. As luxury vehicle manufacturers are focusing on launching multiple models with various price ranges and user-friendly financing schemes, the demand for luxury vehicles is expected to rise in the near future. For instance, in 2017, luxury vehicle sales in India increased by 17% from 2012 to 2017. Mercedes sold 15,300 units in 2017 at a growth rate of 15.6%, Audi sold 7,876 units, and the BMW sold 9,800 units at a growth rate of 24.6% in the same year.

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