The Global Automotive HVAC Market accounted for $14.0 billion in 2016 and is expected to reach $26.3 billion by 2023 growing at a CAGR of 9.4% from 2016 to 2023.
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According to Stratistics MRC, increased efficiency of HVAC systems with pressure transducer technology is considered to be one of the primary growth factors for Automotive HVAC market.
Moreover, increasing demand for thermal systems, changing consumers’ demand due to several advancements, rising income levels and increasing middle-class population, making travelling easier for elderly people and adoption of eco-friendly refrigerants are the factors driving the Automotive HVAC market. However, high maintenance costs, environmental concerns and fuel economy are some of the factors hindering the market.
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In 2016, Automatic HVAC Systems segment accounted for the largest share of the Automotive HVAC market due to complexity and low efficiency of manual systems. Passenger cars segment among vehicle type is rising at the extreme rate and is likely to remain the leading segment throughout the forecast period owing to its fuel efficient and faster cooling HVAC systems.
Asia Pacific is expected to grasp major revenue shares in Automotive HVAC market and is expected to grow with a high CAGR during the forecast period. This growth is attributed to rising vehicle demand in emerging countries such as India and China, presence of the major automobile manufacturers in China and Japan, rising Foreign Direct Investments (FDI) in India.
North America and Europe regions are two significant markets for automotive HVAC.
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Some of the key players identified in the global market include Air International Thermal Systems, Behr Gmbh. & Co. Kg., Brose Fahrzeugteile Gmbh & Co.
Kg, Calsonic Kansei Corporation, Delphi Automotive Plc, Denso Corporation, Eberspacher Climate Control Systems Gmbh & Co. Kg, Gentherm Inc., Inalfa Roof Systems Group B.V., Japan Climate Systems Corporation, Johnson Electric Holdings Ltd., Keihin Corporation, Kongsberg Automotive Holding Asa, Toyota Industries Corporation and Valeo Group.
System Types Covered:
Automatic HVAC Systems
Manual Hvac Systems
Heat Exchanging Equipment
Vehicle Types Covered:
Light commercial vehicle (LCV)
Heavy commercial vehicle (HCV)
Rest of Europe
Rest of Asia Pacific
Rest of the World
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
List Of Tables:
1 Global Automotive HVAC Market Outlook, By Region
2 Global Automotive HVAC Market Outlook, By Type
3 Global Automotive HVAC Market Outlook, By Heated Seats
4 Global Automotive HVAC Market Outlook, By Power Seats
5 Global Automotive HVAC Market Outlook, By Power Windows
6 Global Automotive HVAC Market Outlook, By Sunroof Systems
7 Global Automotive HVAC Market Outlook, By Technology
8 Global Automotive HVAC Market Outlook, By Automatic HVAC Systems
9 Global Automotive HVAC Market Outlook, By Manual HVAC Systems
10 Global Automotive HVAC Market Outlook, By Component
11 Global Automotive HVAC Market Outlook, By Compressor
12 Global Automotive HVAC Market Outlook, By Expansion Device
13 Global Automotive HVAC Market Outlook, By Heat Exchanging Equipment
14 Global Automotive HVAC Market Outlook, By Receiver/Drier
15 Global Automotive HVAC Market Outlook, By Vehicle Type
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