Automotive HVAC Market 2018 Global Industry Growth, Size, Share, Trends, Opportunities, Competitive Analysis, Key Companies, And Regional Forecast To 2023

“\”\”Automotive HVAC Market \”\””
Automotive HVAC Market to grow at 9% compound annual growth rate from 2018 to 2023, according to “Global Automotive HVAC Market Size, Share, Trends, Growth and Regional Forecast Industry Report” published by Market Research Future. This report comprises comprehensive information on Automotive HVAC Market Forecast data up to 2023, with historic and current market information.

Automotive HVAC Market Industry analysis done by Technology (Manual and Automatic), Component (Evaporator, Compressor, Condenser, Receiver/Drier and Expansion Device), Vehicle Type (Passenger Cars, LCV, and HCV) and regions.

Global Automotive HVAC Market Highlights:

Rapid rise in population and increased disposable income have induced high demand for passenger vehicles that are equipped with technologically advanced systems for enhancing the travel experience and improving comfort in the vehicles. Rise in adoption of advanced technology by the automotive sector and high demand for advanced systems to maintain the indoor temperature in the vehicles are majorly driving the growth of the global automotive HVAC market.

Rise in demand for HVAC in vehicles that are operating in extreme climatic conditions is another factor that is propelling the expansion of the global automotive HVAC market. Additionally, increased adoption of environment-friendly refrigerants due to rise in awareness regarding effects of harmful refrigerants on the environment is also fueling the growth of the global automotive HVAC market during the assessment period.

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Automotive HVAC Market Key Companies Studied in this report are: Sensata Technologies (the U.S.), The Keihin Corporation (Japan), Calsonic Kansei Corporation (Japan), Sanden Corporation (Japan), Valeo (France) and Denso Corporation (Japan). Hanon Systems (South Korea), MAHLE GmbH (Germany), Johnson Electric Holdings Limited (Hong Kong) and Japan Climate Systems Corporation (Japan).

The players in the global automotive HVAC market are majorly focusing on the expansion of their business in the highly competitive environment of the global automotive HVAC market by increasing research and development expenditure and undertaking strategic mergers and acquisitions. For instance, in July 2018, Bacharach Inc., a provider of HVAC-R gas instrumentation and energy management solutions, has announced that it has acquired Neutronics Inc., a provider of refrigerant and gas analyzers to automotive as well as commercial sector.

Increased incorporation of technologically advanced solutions has enhanced the comfortability and passenger experience in automobiles. Automotive HVAC is a heating, ventilation and air conditioning system that maintains ambient indoor conditions in a vehicle.

Market Segments Analysis:

The global automotive HVAC market has been segmented on the basis of technology, component and vehicle type. Based on technology, the global automotive HVAC market has been segmented into manual and automatic. The automatic HVAC segment command for the major share in the global automotive HVAC market owing to the high demand for automated services by the consumers. Based on component, the automotive HVAC market has been segmented into evaporator, compressor, condenser, receiver/drier and expansion device. Based on vehicle type, the automotive HVAC market has been segmented into passenger cars, light commercial vehicles (LCV) and heavy commercial vehicles (HCV). Among these, the passenger cars segment commands for the largest share in the global automotive HVAC market owing to the high demand for HVAC in the passenger vehicles.

Geographically, the global automotive HVAC market has been segmented into four major regions such as Asia Pacific, Europe, North America and the rest of the world. The Asia Pacific region is forecasted to dominate the global automotive HVAC market owing to the increased production of automobiles, rapid expansion of automotive industry and high demand for automotive innovations by the population in the emerging economies such as India, China and Japan in this region. Growing per capita income, rise in demand for passenger vehicles and higher standard of living are propelling the growth of the automotive HVAC market in the North America region. The Europe region is projecting significant growth in the global automotive HVAC market owing to the high demand for HVAC due to extremely low-temperature conditions that persist throughout the year in various areas of this region.

Latest Industry News:

Toyota is set to introduce an ethanol hybrid to market. A prototype was revealed in Brazil last month as Brazil is the biggest ethanol producer in the world. 14 NOV 2018

Toyota Brazil has confirmed a BRL 1 bn (the US $ 280mn) investment for its Indaiatuba, Sao Paulo state, manufacturing plant. This investment will update the plant and make it more flexible. The new generation saloon based on Toyota New Global Architecture (TNGA) architecture is due to be launched in Brazil in 2020. This vehicle will feature a flex fuel engine. 5 NOV 2018

ŠKODA UK has earned a new contract with the Cleveland Fire Brigade to supply 14 fully equipped Octavia Scout models that feature flex engines. 19 NOV 2018

Research Methodology:

Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.

The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Table Of Contents:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Stud

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4.1 Introduction

4.2 Forward Collision Warning

4.3 Dynamic Brake Support

4.4 Crash Imminent Braking

Continued…

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