Analysis of the COVID-19 Impact: Automotive Parking Heater Market 2020-2024 | Increase in Demand for Luxury Cars to Augment Growth | Technavio

Technavio has been monitoring the automotive parking heater market and it is poised to grow by 5.36 million units during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Calix AB, DBK David + Baader GmbH, DEFA AS, Eberspächer Group, Hebei Nanfeng Automobile Equipment (Group) Co. Ltd., Pro-West Refrigeration Ltd., Truma Gerätetechnik GmbH & Co. KG, Victor Industries Ltd., Warmda LLC, and Webasto SE are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Increase in demand for luxury cars has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Parking Heater Market 2020-2024: Segmentation

Automotive Parking Heater Market is segmented as below:

• End-user
  • Aftermarket
  • OEMs
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • MEA

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Automotive Parking Heater Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive parking heater market report covers the following areas:

• Automotive Parking Heater Market Size
• Automotive Parking Heater Market Trends
• Automotive Parking Heater Market Analysis

This study identifies the growing popularity of mobile apps and connectivity solutions as one of the prime reasons driving the automotive parking heater market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive Parking Heater Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist automotive parking heater market growth during the next five years
• Estimation of the automotive parking heater market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive parking heater market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive parking heater market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End user
• Aftermarket - Market size and forecast 2019-2024
• OEMs - Market size and forecast 2019-2024
• Market opportunity by End user

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Calix AB
• DBK David + Baader GmbH
• DEFA AS
• Eberspächer Group
• Hebei Nanfeng Automobile Equipment (Group) Co. Ltd.
• Pro-West Refrigeration Ltd.
• Truma Gerätetechnik GmbH & Co. KG
• Victor Industries Ltd.
• Warmda LLC
• Webasto SE

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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