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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.
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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.
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