As per this study the global Automotive HVAC Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
HVAC or heating ventilation and air conditioning is an integral part of the cabin climate control function. Automotive HVAC is used in vehicles to clean, cool, heat, regulate, ventilate and dehumidify the air entering the cabin, depending on the inputs of the operator and electronic sensors. There are various ways of controlling air flow into the cabin which depends on the respective system but all works on the same principle.
The growing demand for comfortable and more luxurious travel options across the globe is driving market growth. Also, increasing disposable income coupled with the changing buying preference of consumers is again boosting the market growth. Additionally, rising demand for air conditioning in shared mobility is further accelerating the market growth. On the other hand, high maintenance cost associated with automotive HVAC along with increasing government regulations for low emission solutions may hamper market growth. Whereas, the development of low-cost automatic climate control feature and reduction in the size of the system is expected to create potential opportunity during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automotive HVAC.
The broad automotive HVAC market has been sub-grouped into technology and vehicle type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for automotive HVAC in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Automotive HVAC Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive HVAC market include Air International Thermal Systems, Brose Fahrzeugteile GmbH & Co. Kg., Calsonic Kansei, Delphi automotive, DelStar Technologies, Denso Corporation, Engineered Plastic Components, Hanon Systems, Japan Climate Systems Corporation, Johnson Electric, Mahle Behr GmbH, Sanden Holdings Corporation, Sensata Technologies and Valeo Group. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.