The progression of the air conditioning systems in passenger cars, light commercial vehicles and heavy commercial vehicles has been one of the noteworthy advances in the 20th century. It is assessed that more than 85% of the new passenger cars sold across the globe currently have an air-conditioning system, and the number is expected to increase by 2027. Growing sale of vehicles and inclination toward safety and luxury are the main factors which are driving the global automotive HVAC market.
The key players in the global automotive HVAC market report consist of
- Denso Corporation
- Calsonic Kansei Corporation
- The Keihin Corporation
- Sensata Technologies
Each market player encompassed in the automotive HVAC market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the automotive HVAC market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.
Heating, ventilation, and air conditioning (HVAC) system in a vehicle is utilized to control the interior temperature of the vehicle cabin. HVAC system primarily consist of three subsystems, namely, heating, cooling, and air conditioning, which collaboratively work to offer decontaminated air to the vehicle cabin, guaranteeing thermal coziness to drivers and passengers. HVAC system controls the air temperature, scrutinizes the moisture content in the air, and eradicates unnecessary humidity from the circulating air. Well-established companies, such as Audi, Mercedes, Ford, and BMW, primarily focus on tailored and consumer-friendly HVAC systems. For instance, the BMW 6, 7, 8 & 9 Series supports automatic air conditioning, including air distribution for driver and passengers, fogging sensor, and automatic climate control system.
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This report assesses trends that are driving the growth of each segment on the global level and offers potential takeaways that could prove substantially useful to Automotive HVAC manufacturers looking to enter the market. Main regions assessed in this report include North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and the Middle East & Africa (MEA).
Increasing demand for Automotive HVAC in the APEJ region is driving the prominent manufacturers to advantageously enter in the APEJ market with an objective to target the opportunities in the region. The automotive HVAC market in North America and Europe region is currently witnessing a stagnant growth, and hence, the companies are targeting emerging economies markets to increase their sales revenues.
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APEJ Region Critical in the Automotive HVAC Market
The APEJ region is estimated to account for more than 25% market share in the global automotive HVAC market in 2018, and this share is expected to grow by a massive rate, causing the APEJ market to grab more than 30% market share by the end of 2027. Growing sales of passenger car and rise in disposable income coupled with luxury aspects are amongst the major features subsidizing to the regional growth. Furthermore, the positive government initiatives to revive the automotive industry is anticipated to further propel the regional dominance over the forecasted period.
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