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Global Automotive HVAC Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

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    Report

  • 176 Pages
  • February 2024
  • Region: Global
  • Infogence Global Research
  • ID: 5684305

North America has a significant share of the global automotive HVAC market because it is home to some of the world's largest automotive manufacturers

The Global Automotive HVAC Market is estimated to be USD 62.19 Bn in 2023 and is expected to reach USD 85.28 Bn by 2028 growing at a CAGR of 6.52%.

The Automotive HVAC (Heating, Ventilation, and Air Conditioning) market is an indispensable sector within the automotive industry, dedicated to creating a comfortable and controlled environment within vehicles. It significantly enhances the driving experience by ensuring passengers and drivers remain comfortable, regardless of external weather conditions. This market exhibits a dynamic landscape influenced by various factors, including consumer expectations, regulatory mandates, technological advancements, and sustainability considerations.

  • One of the primary driving forces behind the Automotive HVAC market is the burgeoning consumer demand for vehicle comfort and convenience features. Individuals increasingly expect their vehicles to provide a pleasant and meticulously regulated interior environment as they spend more time on the road. HVAC systems are pivotal in meeting these expectations, offering customizable temperature settings efficient cooling, and heating capabilities. Moreover, as vehicles evolve into connected and autonomous entities, there is a growing emphasis on intelligent and automated climate control systems, further bolstering the market's growth prospects.
  • Regulatory standards and environmental concerns also play a pivotal role in propelling the Automotive HVAC market forward. Stringent emission regulations and fuel efficiency targets have spurred the development of more energy-efficient HVAC systems. Automakers are making substantial investments in advanced technologies, such as heat pump systems, to reduce the energy consumption of HVAC systems. This contributes to environmental sustainability and results in cost savings for both manufacturers and consumers.
  • Nevertheless, the market does face its share of challenges, including the imperative need for refrigerants with lower global warming potential (GWP) to align with stringent environmental regulations. The transition from high-GWP refrigerants, such as R134a, to alternatives like R1234yf presents both opportunities and challenges for HVAC manufacturers. Additionally, integrating HVAC systems into electric vehicles (EVs) and hybrid vehicles necessitates innovative solutions to efficiently manage cabin temperature without significantly impacting the vehicle's overall range.
  • The Automotive HVAC market lends itself to segmentation based on components, technology, vehicle type, and region. Key features include compressors, condensers, evaporators, and blower motors. Various technologies encompass manual HVAC systems, automatic climate control, and smart HVAC systems. Vehicle types span from passenger and light commercial vehicles to heavy commercial and electric vehicles. Regionally, the market's dynamics are shaped by varying climate conditions, consumer preferences, and diverse regulatory environments.
  • In conclusion, the Automotive HVAC market thrives on a blend of factors, such as consumer comfort demands, regulatory standards, and technological innovations. The industry's ability to develop energy-efficient and ecologically responsible HVAC systems while adapting to the evolving automotive landscape will be instrumental in fostering its continued growth and success. As vehicles evolve, HVAC systems will maintain their indispensability, ensuring optimal comfort and safety for occupants.

Market Segmentations

  • The Global Automotive HVAC Market (2023-2028) by Vehicle Type, Technology, and Component, and Geography.
  • By Technology, Various technologies are included in the Automotive HVAC (Heating, Ventilation, and Air Conditioning) market that aim to offer the best climate management inside of automobiles. Three major categories can be used to classify these technologies: Manual HVAC Systems- Using conventional sliders and knobs, manual systems provide basic temperature and airflow control. They are frequently seen in economical vehicles that have premium dependability and simplicity. Automatic Climate Control- Automatic climate control systems use sensors to monitor the vehicle's interior and automatically change the environment to a specific degree of comfort. These systems, frequently seen in mid- to high-range automobiles, provide a more upscale and reliable passenger experience. Smart HVAC Systems- Smart HVAC systems represent the cutting edge of automotive climate control technology. They offer a highly personalized and efficient experience by leveraging connectivity and advanced sensors. Smart systems can synchronize with external weather data, GPS information, and user preferences to optimize cabin temperature and air quality. They may also be remotely controlled via smartphone apps, enhancing energy efficiency and user convenience.
  • The choice of HVAC technology in vehicles depends on vehicle type, price range, and consumer preferences. While manual systems are prevalent in entry-level vehicles, automatic and smart HVAC systems are increasingly becoming standard or optional features in mid to high-end vehicles. As consumer expectations for comfort, convenience, and energy efficiency continue to rise, automotive HVAC technology is expected to evolve further, focusing on reducing energy consumption and environmental impact.
  • By Vehicle Type, the Automotive HVAC (Heating, Ventilation, and Air Conditioning) market has a wide range of applications suited to various sectors of the automotive industry. Passenger automobiles are among these vehicle categories and make up a sizable percentage of the market. The widespread use of HVAC systems that guarantee passenger comfort. HVAC technology is also used in light commercial vehicles like vans and compact trucks to maintain comfortable interior temperatures for drivers and passengers. Heavy commercial vehicles, such as big trucks and buses, need powerful HVAC solutions to meet the unique requirements of long-haul journeys and the comfort of several passengers. Furthermore, since effective climate control is crucial for increasing battery life, electric vehicles (EVs) present new challenges and opportunities for HVAC systems.

Recent Development

  • The Greater Manchester Combined Authority and Daikin Europe N.V. have a contract that will last until 2027 to introduce heat pumps extensively and create educational initiatives and HVAC technician training programs - February 2023
  • In Hubei, China, Hanon Systems announced plans to construct a new facility where it will begin manufacturing HVAC modules and other goods for EVs in 2023 - March 2022

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Denso Corporation, Mahle GmbH, Nanon, Sanden, Valeo, Calsonic, Sensata, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Automotive HVAC Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Automotive HVAC Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Automotive HVAC Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
  • Excel data sheet for the market size will also be provided with the report.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
  • The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
  • The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
  • Market segmentation
  • Competitive Analysis: Comparative analysis of competitor
  • Historical, current, and projected size of the market based on value and volume
  • Market size of the US states
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics- Automotive HVAC Market
4.1 Drivers
4.1.1 Rising Disposable Income to Afford Vehicles with Advanced HVAC Systems
4.1.2 Consumer Demand for Comfort and Convenience
4.1.3 Stringent Environmental Regulations and Emissions Standards
4.1.4 Shift Toward Electric and Hybrid Vehicles Requiring Specialized HVAC Systems
4.2 Restraints
4.2.1 Affected by Global Supply Chain Disruptions
4.2.2 High Cost to Improve Energy Efficiency and Maintenance
4.3 Opportunities
4.3.1 Growth of Urban Mobility and Ride-Sharing
4.3.4 Integration with Vehicle Connectivity and IoT
4.4 Challenges
4.4.1 High Cost of Maintenance and Serviceability
4.4.2 Issues in Seamless Integration, Compatibility, and Reliability of Technology
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTEL Analysis
5.4 SWOT Analysis
5.5 Impact of Covid-19
5.6 Ansoff Matrix Analysis
6 Global Automotive HVAC Market, By Technology
6.1 Introduction
6.2 Manual HVAC System
6.3 Automatic HVAC System
6.4 Dual-Zone HVAC System
6.5 Multi-Zone HVAC System
6.6 Smart HVAC System
7 Global Automotive HVAC Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Cars
7.3 Light Commercial Vehicles (LCVs)
7.4 Heavy Commercial Vehicles (HCVs)
7.5 Off-Road and Specialty Vehicles
7.6 Sports Utility Vehicles (SUVs)
7.7 Minivans
8 Global Automotive HVAC Market, By Component
8.1 Introduction
8.2 Compressor
8.3 Condenser
8.4 Evaporator
8.5 Accumulator
8.6 Orifice tube
8.7 Receiver-drier
8.8 Others
9 Americas' Automotive HVAC Market
9.1 Introduction
9.2 Argentina
9.3 Brazil
9.4 Canada
9.5 Chile
9.6 Colombia
9.7 Mexico
9.8 Peru
9.9 United States
9.10 Rest of Americas
Europe's Automotive HVAC Market
9.11 Introduction
9.12 Austria
9.13 Belgium
9.14 Denmark
9.15 Finland
9.16 France
9.17 Germany
9.18 Italy
9.19 Ireland
9.20 Luxembourg
9.21 Netherlands
9.22 Norway
9.23 Poland
9.24 Russia
9.25 Spain
9.26 Sweden
9.27 Switzerland
9.28 United Kingdom
9.29 Rest of Europe
10 Middle East and Africa's Automotive HVAC Market
10.1 Introduction
10.2 Egypt
10.3 Israel
10.4 Nigeria
10.5 Qatar
10.6 Saudi Arabia
10.7 South Africa
10.8 United Arab Emirates
10.9 Rest of MEA
11 APAC's Automotive HVAC Market
11.1 Introduction
11.2 Australia
11.3 Bangladesh
11.4 China
11.5 India
11.6 Indonesia
11.7 Japan
11.8 Malaysia
11.9 Philippines
11.10 Singapore
11.11 South Korea
11.12 Sri Lanka
11.13 Thailand
11.14 Taiwan
11.15 Rest of Asia-Pacific
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 Calsonic Kansei Corporation
13.1.1 Company Overview
13.1.2 Company Snapshot
13.1.3 Product Overview
13.1.4 Business Overview
13.1.5 SWOT Analysis
13.1.6 Recent Development
13.2 Delphi Automotive
13.2.1 Company Overview
13.2.2 Company Snapshot
13.2.3 Product Overview
13.2.4 Business Overview
13.2.5 SWOT Analysis
13.2.6 Recent Development
13.3 Delphi Automotive Company
13.3.1 Company Overview
13.3.2 Company Snapshot
13.3.3 Product Overview
13.3.4 Business Overview
13.3.5 SWOT Analysis
13.3.6 Recent Development
13.4 Denso Corporation
13.4.1 Company Overview
13.4.2 Company Snapshot
13.4.3 Product Overview
13.4.4 Business Overview
13.4.5 SWOT Analysis
13.4.6 Recent Development
13.5 Johnson Electric Holdings
13.5.1 Company Overview
13.5.2 Company Snapshot
13.5.3 Product Overview
13.5.4 Business Overview
13.5.5 SWOT Analysis
13.5.6 Recent Development
13.6 Keihin Corporation
13.6.1 Company Overview
13.6.2 Company Snapshot
13.6.3 Product Overview
13.6.4 Business Overview
13.6.5 SWOT Analysis
13.6.6 Recent Development
13.7 Mahle GmbH
13.7.1 Company Overview
13.7.2 Company Snapshot
13.7.3 Product Overview
13.7.4 Business Overview
13.7.5 SWOT Analysis
13.7.6 Recent Development
13.8 Mitsubishi Heavy Industries
13.8.1 Company Overview
13.8.2 Company Snapshot
13.8.3 Product Overview
13.8.4 Business Overview
13.8.5 SWOT Analysis
13.8.6 Recent Development
13.9 Nanon Systems
13.9.1 Company Overview
13.9.2 Company Snapshot
13.9.3 Product Overview
13.9.4 Business Overview
13.9.5 SWOT Analysis
13.9.6 Recent Development
13.10 Sanden
13.10.1 Company Overview
13.10.2 Company Snapshot
13.10.3 Product Overview
13.10.4 Business Overview
13.10.5 SWOT Analysis
13.10.6 Recent Development
13.11 Sensata Technologies
13.11.1 Company Overview
13.11.2 Company Snapshot
13.11.3 Product Overview
13.11.4 Business Overview
13.11.5 SWOT Analysis
13.11.6 Recent Development
13.12 Valeo Group
13.12.1 Company Overview
13.12.2 Company Snapshot
13.12.3 Product Overview
13.12.4 Business Overview
13.12.5 SWOT Analysis
13.12.6 Recent Development
14 Appendix
14.1 Questionnaire

Companies Mentioned

  • Calsonic Kansei Corporation
  • Delphi Automotive
  • Delphi Automotive Company
  • Denso Corporation
  • Johnson Electric Holdings
  • Keihin Corporation
  • Mahle GmbH
  • Mitsubishi Heavy Industries
  • Nanon Systems
  • Sanden
  • Sensata Technologies
  • Valeo Group

Table Information