As per this study the global Automotive HVAC Market was valued USD XX MN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of 9.6%.
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.
Market Dynamics
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.
Market Segmentation
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 Technology
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Regional Analysis
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 Brose Fahrzeugteile GmbH & Co. Kg, Air International Thermal Systems, Hanon Systems, Calsonic Kansei, Engineered Plastic Components, Denso Corporation, and DelStar Technologies, Johnson Electric, Sanden Holdings Corporation, 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.
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