Global Automotive HVAC Market Size was valued nearly USD 16 billion by 2017 and is estimated to reach up to USD XX.XX billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.7% during the forecast period, i.e. 2017-2025.

Global Automotive HVAC Market Growth Opportunities (Revenue, Growth) By 2017-2025

Increasing demand from automotive industry a cross globe and availability of asset is boosting the growth of the automotive HVAC market share over the forecast period. As well increasing demand from end user for passenger vehicles, luxurious and comfortable travel option will reflect product demand in coming years. Manufacturers are offers more facilities to consumers products such as compact and lightweight HVAC systems which will drive the technology progress in to automotive HVAC. Environmental concern, income levels and increasing spending power are projected to boost the growth rate of the industry over the forecast timespan.    

Market Dynamic

In 2017, Automotive HVAC Market size was valued at over USD 16 billion and is projected to double digit growth during the forecast analysis time, in term of revenue. It will grow around 6.7 %CAGR over forecast period. An automotive HVAC is unit or system inside the vehicles which are offering various comfort features to traveler that are fogging sensors, automatic temperature control and fan speed, among others. Private car sharing players such as Uber, Ola, Lyft, and Sidecar offer various features that enhance customer value proposition, which is also projected to drive the global automotive market. Growing environmental concern and government’s commitment toward will push the eco-friendly HVAC technology. Reduction in system size and weight of the system will boost the growth of the market over the forecast period. Global automotive HVAC market has been facing challenge that is noise which is generated by systems inside the car cabin, it is discomfort to passenger.

Segment Analysis

On the basis of vehicle type, the market divided into three types: heavy commercial vehicles, light commercial vehicles and passenger vehicles. Increasing living standard and asset availability are excepted to souring the growth of the industry over the forecast timespan. In 2017, passenger car HVAC was witnessed measurable growth, in term of revenue and is estimated to show the largest CAGR in the coming years. Increasing demand for automotive HVAC systems in light commercial vehicle is anticipated to rise at countable growth due to increasing living standard and asset availability. Booming e-commerce and logistics industries are reflect to demand for automotive HVAC systems in light commercial vehicles and passenger vehicles will strengthen the growth of the industry over the forecast years.   

Based on technology the industry classified into automatic and manual systems. The manual systems are managing temperature and blowers are poised to low growth rate over the analysis time period owing to low efficiency and complexity. Additionally, this technology is estimated to generate approximately one third revenue of the automotive HVAC market by 2025.

Automatic system segment is the major technology which was estimated more than 60% in 2017 and is expected to dominate the global market by 2025 owing to increasing demand for automotive HVAC systems in luxury vehicles souring market revenue in the coming years. Additionally, research and development in HVAC such as automatic temperature controls, automatic air recirculation, and fogging sensors will help to reduce fuel consumption and enhance vehicle performance.

Regional Analysis

The global automotive HVAC market is regionally classified into North America, Europe, South America, Africa, and Asia-Pacific. The Asia Pacific market is register healthy growth during the forecast timespan due to heavy investment by key manufacturers, large scale production, and spiraling vehicle demand from emerging countries such as India, China, Japan and South Korea. Additionally government support to the automotive industry is anticipated to boost the growth of market in the coming years. North America market was valued healthy growth in 2017 and is estimated significant growth over the forecast timespan, in term of revenue due to stabilize economic condition, demand for luxury vehicles and heavy vehicle production in the region.

Global Automotive HVAC Market Size, Share Analysis By Region 2017

Automotive HVAC Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Automotive HVAC Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in automotive HVAC market are included as primary sources of the supply side.

After performing comprehensive engineering of automotive HVAC market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Key Players

The major key players in the automotive HVAC market Brose Fahrzeugteile GmbH & Co. Kg, Air International Thermal Systems, Hanon Systems, Calsonic Kansei, Engineered Plastic Components, Denso Corporation, and DelStar Technologies, Johnson Electric, Mahle Group, Japan Climate Systems Corporation, Sensata Technologies, Sanden Holdings Corporation, and Valeo Group, Keihin Corporation and Calsonic Kansei Corporation. The major key players are looking new opportunities in investment as well developing new eco-friendly technology that is solution for cast and fuel efficient.  

Global Automotive HVAC Market Study Report Offer You!

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