Further, a heating, ventilation, and air conditioning (HVAC) system in a vehicle is used to control the internal temperature of the vehicle cabin. It includes three subsystems, namely, heating, cooling, and air conditioning that work together to provide purified air to the vehicle cabin ensuring thermal comfort to drivers and passengers. It controls the air temperature, inspects the moisture content in the air, and eliminates excessive humidity from the circulating air. Well-established companies, such as Audi, Mercedes, and BMW, focus on customized and consumer-friendly HVAC systems. For instance, the BMW 6 Series supports automatic air conditioning, including air distribution for driver and passengers, fogging sensor, and automatic climate control system.
The factors such as growth in the Indian automotive industry, rise in demand for thermal comfort, and increase in safety due to adoption of HVAC systems are expected to boost the growth of the India automotive HVAC market. However, high maintenance cost of the HVAC system restrains the growth of the market. Furthermore, adoption of eco-friendly refrigerants and production of cheaper HVAC systems provide lucrative growth opportunity for the players operating in the Indian automotive HVAC market.
Automotive HVAC market india is anticipated to witness significant growth over the years, owing to rise in the Indian automobile industry.
The India automotive HVAC market is segmented on the basis of technology and vehicle type. Based on technology, the market is categorized into manual and automatic. On the basis of vehicle type, it is classified into passenger car, light commercial vehicle, and heavy commercial vehicle.
The key players including Samvardhana Motherson Group, MAHLE ANAND Thermal Systems, Subros Limited, Sanden Vikas (India) Ltd., Denso Corporation, Hanon Systems, Johnson Electric Holdings Limited, Sensata Technologies, Keihin Corporation, Valeo Service, and others are studied in the report.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents the analytical depiction of the India automotive HVAC market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Technology
- Manual
- Automatic
By Vehicle Type
- Passenger cars
- Light commercial vehicle
- Heavy commercial vehicle
Table of Contents
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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