According to a new market research report published by Market Research Future Automotive Air Conditioning Market Analysis From 2019 to 2023 by Technology (Manual and Automatic), Component (Compressor, Evaporator, Receiver and Condenser), Vehicle type (Passenger Car and Commercial Vehicle), and Region, the global Automotive Air Conditioning market accounted to hit the notable market value in 2023 and expected to witness strong CAGR across the forecast period through 2019 to 2023. Automotive Air Conditioning Industry Report provides comprehensive information on Global Automotive Air Conditioning Market key players, share, Sales, revenue, industry size in terms of volume.
Key Companies Covered:
Calsonic Kansei Corporation (Japan), Denso Corporation (Japan), Hanon Systems (South Korea), Keihin Corporation (Japan), MAHLE GmbH (Germany), Mitsubishi Heavy Industries Ltd (Japan), Samvardhana Motherson Group (India), SMAC Auto Air (New Zealand), Subros Limited (India), and Valeo SA (France), among others.
Free Sample Copy of Automotive Air Conditioning Market Research Report Global Forecast to 2023 available at: https://www.marketresearchfuture.com/sample_request/2386
Automotive Air Conditioning Industry Insight:
Automotive air conditioning is the process of removing heat from the interior of the vehicle, to improve the comfort of the occupants. Attributing to the augmented unit sale rate of vehicles (especially car sale) lately, the Auto Air Conditioning industry is gaining an exponential market traction on the global platform. According to the latest report by Market Research Future (MRFR), the global automotive air conditioning market is slated to acquire a substantial market valuation at a steady CAGR over the review period.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
The factors that are responsible for the growth of automotive air conditioning market are surge in demand for passenger and commercial vehicles, change in consumer preferences, and government initiatives to develop advanced air conditioning systems. There has been an increase in the production of passenger and commercial vehicles over the past years in countries such as China, India, and Japan. This significant growth is attributed to influential factors such as the rise in the demand for commercial and passenger vehicles and changing consumer preferences towards automobiles.
On the other hand, high investment capital is barricading the market growth of Automotive Air Conditioning market. Nevertheless, increasing number of automotive unit sale worldwide is expected to attract multiple investors to the market eventually, fueling the market growth.
Automotive Air Conditioning Market Segment Analysis:
The automotive air conditioning market is segmented based on technology, component, and vehicle type.
Based on technology, the market is segment into manual and automatic. The types of technologies deployed in the market for automotive air conditioning systems are automatic and manual. The automatic segment holds the largest market share and is expected to retain its leading valuation over the forecast period.
Based on component, the market is segmented into compressor, evaporator, receiver and condenser. Compressors, are expected to dominate the market during the forecast period as they perform major tasks such as heat transfer, absorbs heat, and condense excess heat, which enter the air conditioning.
The vehicle types using automotive air conditioning systems are passenger cars and commercial automobiles. The passenger car segment is assessed as the fastest-growing segment of the market, owing to the increasing demand and production of passenger vehicles equipped with air conditioning systems.
The global Automotive Air Conditioning Market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Asia-Pacific is expected to remain the largest region due to continuous growth in automotive sector owing to the presence of manufacturers. Moreover, China is the largest producer and consumer of automobiles across the globe. Increasing awareness of energy efficient products to reduce the energy cost is the primary factor driving the demand for Automotive Air Conditioning market in APAC region.
North America is expected to be the second largest market to grow during the forecast period. This growth is due to the early adoption of technological advancements in the region, demand for superior quality automobiles and automotive components, and the presence of major market players in the region.
The market for automotive air conditioning market in Europe is also considered significant in the global standing and is expected to contribute notably to the global market share over the assessment period. This is credited to the demand for superior quality, technologically advanced automotive components in the region to meet consumer demand for high-quality passenger cars.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET FOR TOP FIVE COUNTRIES
TABLE 4 IMPORT ANALYSIS OF AUTOMOTIVE AIR CONDITIONINGS, 2013-2017 (UNITS)
TABLE 5 EXPORT ANALYSIS OF AUTOMOTIVE AIR CONDITIONINGS, 2013-2017 (UNITS)
TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE
TABLE 7 LABOR COST ANALYSIS
List of Figures:
FIGURE 1 GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 20
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 4 DROC ANALYSIS OF GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET 25
FIGURE 5 INTERNATIONAL TOURIST ARRIVALS, 2016 VS 2017 (MILLION) 26
FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET 27
FIGURE 7 RESTRAINTS IMPACT ANALYSIS: GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET 28
FIGURE 8 SUPPLY CHAIN: GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET 31
FIGURE 9 PORTERS FIVE FORCES MODEL: GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET 32
FIGURE 10 MARKETING CHANNEL OF AUTOMOTIVE AIR CONDITIONING 40
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