Market for Automotive HVAC is to rise at 9% CAGR by 2023, according to Automotive HVAC Market 2019 Global Size, Growth Trends, And Regional Outlook to 2023 report published by Market Research Future. Global Automotive HVAC Market by Technology (Manual and Automatic), by Component (Evaporator, Compressor, Condenser, Receiver/Drier and Expansion Device), by Vehicle Type (Passenger Cars, LCV, and HCV) and region with Forecast To 2023.
Report helps to Learn how to grow your international Automotive HVAC business the right way. Report provides assessing market opportunity in new markets and implementation strategies in those regions. Report provides comprehensive market data on Automotive HVAC industry manufacturers, distributors, suppliers, consulting companies from Automotive HVAC market and mobility industry, investors, stakeholders, and research organizations.
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MRFR profiled some prominent players of the global automotive HVAC market. They are; The Keihin Corporation (Japan), Sensata Technologies (U.S.), Sanden Corporation (Japan), Calsonic Kansei Corporation (Japan), Denso Corporation (Japan), Valeo (France), MAHLE GmbH (Germany), Hanon Systems (South Korea), Japan Climate Systems Corporation (Japan), Johnson Electric Holdings Limited (Hong Kong), and others,
Market Research Future (MRFR), in its latest “Automotive HVAC Market” reveals that the global automotive HVAC market, owing to the growing need for pleasurable ride is expected to thrive at a 9% CAGR during the forecast period (2018 to 2023).
The HVAC technology aids in the maintained of pleasant temperature inside a vehicle for long duration. This is likely to boost the expansion of the global automotive HVAC market. The increase in the demand for thermal systems regulation for the maintained of indoor environment of vehicles, and the availability of automatic climate control solutions offered by HVAC market are expected to propel the expansion of the global HVAC market. Increase in long distances travel is another factor that is anticipated to surge the HVAC market. Additional causes that are expected to encourage the expansion of the automotive HVAC system market are climate change and rise in global temperatures. The growing awareness regarding HVAC system can boost the market growth.
The global market of automotive HVAC is assessed by technology and components.
By technology, the market is sectioned into automatic and manual. Manual HVAC are often observed to be installed in budget vehicles. In case of manual HVAC system, the temperature input is given manually. This involves physical effort to start the HVAC system in motion as it is not able to sense the temperature outside.
On the other hand, the automatic HVAC system can sense the outside temperature and automatically set the motion. The growing inclination of people towards automation and increase in comfort threshold of people are factors that are boosting the installation of automatic HVAC systems in automobiles. These causes are observed to be responsible for the automatic segment to win considerable traction. In addition, the hike in disposal income of people and their inclination towards a luxurious lifestyle are expected to support the expansion of the automatic segment of the global automatic HVAC market.
By components, the market is segmented into compressor, evaporator, receiver or drier, condenser, and the expansion device. The compressor segment is expected to contribute largely to the expansion of the global HVAC market. Compressors are gaining popularity due their ability to seamlessly absorb hot air to maintain inside vehicle environment.
By region, the market is studied across Asia Pacific, Europe, North America, and the Rest of the World (RoW). The automotive HVAC market in the Asia Pacific region is expected to lead in the global market. The strong economy of countries, such as Japan, India and China and the existence of numerous proficient automobile manufacturers are factors that are expected propel the growth of the regional HVAC market growth.
The expanding population base increase in the demand for passenger vehicles, and hike in per capita income of the middle class are additional factors that are expected to propel the APAC automobile HVAC market growth. Alongside, the rise in comfort threshold of people are pressing the need for better in-car ambiance. Hence, automakers are incorporating the HVAC systems that can control humidity and temperature inside the car, and passengers can have a pleasurable driving experience.
In Europe, the demand for the HVAC systems in automobiles is high. It is due to extreme low-temperature conditions that prevail almost year long. This is expected to boost the automotive HVAC market in Europe.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive HVAC Market, By Technology
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
6 Global Automotive HVAC Market, By Component
6.2.1 Market Estimates & Forecast, 2017-2023
6.2.2 Market Estimates & Forecast By Region, 2017-2023
6.3.1 Market Estimates & Forecast, 2017-2023
6.3.2 Market Estimates & Forecast By Region, 2017-2023
6.4.1 Market Estimates & Forecast, 2017-2023
6.4.2 Market Estimates & Forecast By Region, 2017-2023
6.5.1 Market Estimates & Forecast, 2017-2023
6.5.2 Market Estimates & Forecast By Region, 2017-2023
6.6 Expansion Device
6.6.1 Market Estimates & Forecast, 2017-2023
6.6.2 Market Estimates & Forecast By Region, 2017-2023
7 Global Automotive HVAC Market, By Vehicle Type
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