NEW YORK, Oct. 8, 2020 /PRNewswire/ — Amid the COVID-19 crisis, the global market for Automotive Thermostat estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 2.1% over the analysis period 2020-2027. Passenger Cars, one of the segments analyzed in the report, is projected to record a 2.1% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Light Commercial Vehicles segment is readjusted to a revised 2.1% CAGR for the next 7-year period.
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The U.S. Market is Estimated at $446.2 Million, While China is Forecast to Grow at 4% CAGR
The Automotive Thermostat market in the U.S. is estimated at US$446.2 Million in the year