Automotive Thermostat Market on Track to US$ 2,094.5 Mn by 2025
This market is significantly fragmented, and is characterized by the presence of a number of regional players. Widespread adoption for safety towards high performance cars is being witnessed in developing countries, and manufacturers are focusing on providing a complete range of automotive thermostats. According to the recently published report by Persistence Market Research titled, “ Automotive Thermostat Market : Global Industry Analysis (2012-2016) and Forecast (2017-2025),” the global automotive thermostat market valued at US$ 1,598.3 Mn in 2017, and is projected to be valued at US$ 2,094.5 Mn by 2025 end. The market value is slated to expand at a CAGR of 3.4% over the forecast period. Persistence Market Research has covered five regions of North America, Latin America, Europe, APAC and MEA while examining any market. It has been observed that the APAC automotive thermostat market is estimated to be the most attractive owing to growing automotive production and the strong demand...