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The Automotive HVAC Market size was estimated at USD 29.40 billion in 2022, USD 31.52 billion in 2023, and is expected to grow at a CAGR of 7.52% to reach USD 52.53 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Automotive heating, ventilation, and air conditioning (HVAC) is the system that circulates cooled or heated air while lowering humidity to meet the passengers' and drivers' optimum temperature requirements. The system also controls the air quality and quantity inside vehicle cabins. The HVAC systems help maintain thermal comfort inside the vehicles by mainly using the principles of convection, radiation, and conduction. The automotive HVAC systems are gaining more traction with increased demand for private & passenger cars, rising disposable income, growing spending on premium and luxurious vehicles, and regulations applicable to climate control for low-emission vehicles. Although maintenance and replacement of HVAC systems are cost-intensive and lead to environmental issues, the improvements in design and technologies used in automotive HVAC increases their usage. Moreover, increasing demand for electric and autonomous vehicles is also expected to support future utilization and R&D efforts in automotive HVAC systems in the coming years.
Regional Insights
The demand and usage of automotive HVAC systems are increasing in the EU, the U.S., and developed parts of Asia-Pacific regions, with consumer spending on passenger cars and a strong presence of market players developing advanced HVAC systems. China, the US, Japan, India, South Korea, Germany, Mexico, and Brazil are the leading automotive manufacturers worldwide with a highly competitive automotive sector. Automakers’ investments towards improving consumer satisfaction while complying with cabin air quality regulations and reducing the weight of vehicles to meet fuel consumption and emission standards provide considerable scope for the market players. In both developed and developing economies, the automotive sector enormously contributes to the economy, necessitating efficient automotive HVAC systems. Moreover, with sustainability becoming the prime focus of countries, HVAC systems are becoming increasingly advanced as new technologies get integrated to make the system more efficient. The significant importance given to the electrification of the automotive sector, encouraging the adoption of electric vehicles, is anticipated to further expand the use of automotive HVAC in the upcoming years.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Automotive HVAC Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive HVAC Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Automotive HVAC Market, highlighting leading vendors and their innovative profiles. These include Air International Thermal Systems, Inc., ASPINA Group, Bergstrom Inc., BorgWarner Inc., Brose Fahrzeugteile SE & Co. KG, Denso Corporation, Eberspächer Gruppe GmbH & Co. KG, ELKE S.r.l., ESTRA Automotive Systems Co., Ltd., Gentherm Incorporated, Global Air, Hanon Systems Co., Ltd., Hitachi Astemo, Ltd., LU-VE Group, MAHLE GmbH, Marelli Holdings Co., Ltd., Mitsubishi Heavy Industries Ltd., OMEGA Environmental Technologies, Red Dot Corporation, Samvardhana Motherson International Limited, Sanden Corporation, SEA Italy, Sensata Technologies, Inc., STMicroelectronics N.V., Subros Limited, Texas Instruments Incorporated, Valeo Group, and Webasto Group.Market Segmentation & Coverage
This research report categorizes the Automotive HVAC Market to forecast the revenues and analyze trends in each of the following sub-markets:- Component
- Compressor
- Expansion Device
- Heat Exchanging Equipment
- Receiver/Drier
- Technology
- Automatic HVAC System
- Manual HVAC System
- Vehicle
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Passenger Car
- Distribution Channel
- Aftermarket
- OEM
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Automotive HVAC Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive HVAC Market?
- What are the technology trends and regulatory frameworks in the Automotive HVAC Market?
- What is the market share of the leading vendors in the Automotive HVAC Market?
- Which modes and strategic moves are suitable for entering the Automotive HVAC Market?
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Automotive HVAC Market, by Component
7. Automotive HVAC Market, by Technology
8. Automotive HVAC Market, by Vehicle
9. Automotive HVAC Market, by Distribution Channel
10. Americas Automotive HVAC Market
11. Asia-Pacific Automotive HVAC Market
12. Europe, Middle East & Africa Automotive HVAC Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- Air International Thermal Systems, Inc.
- ASPINA Group
- Bergstrom Inc.
- BorgWarner Inc.
- Brose Fahrzeugteile SE & Co. KG
- Denso Corporation
- Eberspächer Gruppe GmbH & Co. KG
- ELKE S.r.l.
- ESTRA Automotive Systems Co., Ltd.
- Gentherm Incorporated
- Global Air
- Hanon Systems Co., Ltd.
- Hitachi Astemo, Ltd.
- LU-VE Group
- MAHLE GmbH
- Marelli Holdings Co., Ltd.
- Mitsubishi Heavy Industries Ltd.
- OMEGA Environmental Technologies
- Red Dot Corporation
- Samvardhana Motherson International Limited
- Sanden Corporation
- SEA Italy
- Sensata Technologies, Inc.
- STMicroelectronics N.V.
- Subros Limited
- Texas Instruments Incorporated
- Valeo Group
- Webasto Group
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 31.52 Billion |
| Forecasted Market Value ( USD | $ 52.53 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
