Most of the vehicle manufactured today are equipped with HVAC systems, and the number of vehicles is further expected to increase in the near future. Major factors augmenting the demand for automotive HVAC systems are increasing global automotive sales and soaring need for more luxurious and comfortable travel. As per the Organization Internationale des Constructeurs d’Automobiles, (OICA), the global vehicle production unit reached over 97 million in 2017 compared to nearly 95 million units in 2016. These numbers are further expected to increase in the near future; there by, propelling the market growth over the forecast period.
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Geographically, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to dominate the market in 2018 and is further expected to do so over the forecast period. This is due to the presence of key automobile manufacturers, large scale production of vehicles and soaring vehicle demand in emerging economies such as India, China, and South Korea. Moreover, North America and Europe are expected to register significant growth over the forecast period. Furthermore, the market consists of several players which are adopting various strategies such as mergers and acquisitions, product launch, geographical expansion, partnerships and collaborations among others. Some of the market players of the global automotive HVAC market include Denso Corp., Mitsubishi Heavy Industries Ltd., MAHLE GmbH, Johnson Electric Holdings Ltd., and Calsonic Kansei Corp.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Automotive HVAC Market Segmentation
By Type
- Manual HVAC
- Automatic HVAC
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Automotive HVAC Market – Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers:
- Comprehensive research methodology of the global automotive HVAC
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global automotive HVAC market.
- Insights about market determinants which are stimulating the global automotive HVAC
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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