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According to Technavio’s market research analysis, the increasing utilization of engine heaters to reduce the stress in engines will be one of the major factors that will have a positive impact on the global automotive engine heater market during the forecast period. Engine heaters warm the engine block, subsequently heating up the engine oil and coolant. This helps the oil and the coolant to thin out enabling them to lubricate the engine's moving parts quicker when they are cold. The utilization of engine heaters can help in lowering engine wear by about 50%. Moreover, engine heaters also help in maintaining the operating temperature of the battery to perform to its high potential. Owing to such benefits, the demand for automotive engine heaters will increase during the forecast period. Our market research analysts predict that in terms of units, this market will grow at a CAGR of close to 4% by 2021.
The emergence of engine block heaters for hybrid vehicles is one of the key trends that will gain traction in the automotive engine heater market in the coming years. The vendors in the market have introduced engine heaters for hybrid vehicles that can make these vehicles fuel efficient and environment-friendly even during extreme winters. The engine block heaters for hybrid vehicles can be plugged when the vehicle is parked enabling the engine to reach its optimal operating temperature quickly and allowing lower fuel consumption and emissions. Using engine heaters in hybrid vehicles also allows switching to EV mode in a smaller time. This will lead to the growth of the engine block heaters market in the coming years.
The automotive engine heater market has few international players and the region-specific players account for the maximum share. The key vendors in this engine block heater market are currently focusing on expanding their customer base and increasing R&D investments by investing in technological developments.
The leading vendors in the market are –
The other prominent vendors in the market are Wolverine Heaters, Calix AB, and Webasto.
During 2016, the passenger cars segment accounted for the major shares of the automotive engine heater market. Factors such as the increasing usage of passenger cars during winters and the presence of regulations pertaining to anti-idling laws winters, will contribute to the growth of this industry segment in the coming years.
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the automotive engine heater market throughout the forecast period. The presence of anti-idling laws and the rising number of automobiles, will drive the growth of the engine block heaters market in this region.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY VEHICLE TYPE
PART 07: REGIONAL LANDSCAPE
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: KEY VENDOR ANALYSIS
PART 13: APPENDIX
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