Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Engine Block Heater Market Expected to Grow at a Healthy Pace During 2021-2026, Driven by Rising Demand from the Colder Countries

According to a new report by EMR titled, 'Global Engine Block Heater Market Report and Forecast 2021-2026', the global market for engine block heater is being aided by the automotive engine heater market, which is expected to grow at a CAGR of 4% in the forecast period of 2021-2026.

The market for engine block heater is being driven by the rising demand for the product in the colder countries. Low temperature and rising preference for safety and comfort by the general population is expected to aid the market growth for engine block heater over the forecast period. Also, the increase in vehicle production is estimated to create a demand space for the market of engine block heaters. The market is further propelled by the inclination of buyers to adopt high-end accessories for better vehicle performance.  Moreover, the market is positively influenced by various factors, such as rising aspiration of owning private vehicles, forming surface transportation infrastructure, creation of Satellite Township near megacities, rising disposable income, growing middle class, increasing mobility, and logistics enterprises.

Regionally, Europe and North America are expected to be the significant markets for engine block heater due to the lower temperatures in parts of the regions generating a higher demand, the rising disposable incomes of the consumers, and their robustly growing automotive industries, with the prominent presence of major automotive players such as Ford, General Motors (NYSE: GM), Volkswagen, and Audi, among others.

The engine block heater industry is being driven by the various new products introduced by the key players in the industry. HOTSTART, Inc., a key industry player, offers a line of WL heaters. It is a three phase option for reliable heating of original equipment manufacturers' engines. This series features the same pressure die-cast aluminium tank, optional flow-through thermostat, and built-in high limit thermostat as their line of CB/CL heaters. The new product launches are expected to aid the market growth of engine block heater over the forecast period.

Market Analysis by Type, Sales Channel, Vehicle Type, and Region:

  • The engine block heater industry, on the basis of type, is divided into dipstick, engine-warming blankets, oil pan, in-line coolant, bolt-on block, and freeze plug.
  • Based on sales channel, the industry is bifurcated into OEM and aftermarket.
  • By vehicle type, the industry is segregated into passenger cars, light commercial vehicles (LCV), heavy commercial vehicles (HCV), and electric vehicle, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global engine block heater industry is being driven by the rising use of vehicles in cold countries.
  • The market is further being aided by the rising disposable income, rapid urbanisation, and changing lifestyles.
  • The market is propelled by the extreme dependency and inclination of people in the cold countries to drive vehicles for commutation. This is expected to aid the market growth over the forecast period as well.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for engine block heater for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, sales channels, vehicle types, and major regions of engine block heater. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

HOTSTART, Inc., Phillips & Temro Industries (PTI), NRF B.V., MAHLE GmbH, and Five Star Manufacturing Group, Inc., among others, are the key players in the global engine block heater market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Loudspeaker Market Report and Forecast 2021-2026




Global Hub Motor Market Report and Forecast 2021-2026


NEWSLETTER