Automotive HVAC System Trends and Forecast
The future of the global automotive HVAC system market looks promising with opportunities in the passenger car, commercial vehicle, and electric vehicle markets. The global automotive HVAC system market is expected to reach an estimated $81.4 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are increase in demand for autonomous climate control and heating systems in cars, growth in sale of vehicles across the globe, as well as, technological advancements and ongoing R&D investments strengthen playersÄX%$%X offerings and technological capacities.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive HVAC System by Segment
The study includes a forecast for the global automotive HVAC system by component, technology, vehicle type, and region.
Automotive HVAC System Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Evaporator
• Compressor
• Condenser
• Receiver-Drier
• Expansion Valve
• Others
Automotive HVAC System Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Automatic
• Manual
Automotive HVAC System Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Car
• Commercial Vehicle
• Electric Vehicle
Automotive HVAC System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive HVAC System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive HVAC system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive HVAC system companies profiled in this report include-
• Sensata Technologies
• The Keihin
• Calsonic Kansei
• Sanden
• Valeo
• Denso
• Hanon Systems
• MAHLE
• Johnson Electric
• Japan Climate Systems
Automotive HVAC System Market Insights
Lucintel forecasts that compressor will remain the largest segment over the forecast period.
Within this market, passenger car will remain the largest segment due to increasing discretionary income and the availability of different financial options.
APAC will remain the largest region over the forecast period due to the huge scale of automotive manufacturing and the rapidly increasing demand for automobiles in the auto-producing nations such as China, India, and South Korea.
Features of the Global Automotive HVAC System Market
Market Size Estimates: Automotive hvac system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive hvac system market size by component, technology, vehicle type, and region in terms of value ($B).
Regional Analysis: Automotive hvac system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different component, technology, vehicle type, and regions for the automotive HVAC system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive HVAC system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive HVAC system market size?
Answer: The global automotive HVAC system market is expected to reach an estimated $81.4 billion by 2030.
Q2. What is the growth forecast for automotive HVAC system market?
Answer: The global automotive HVAC system market is expected to grow with a CAGR of 5.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive HVAC system market?
Answer: The major drivers for this market are increase in demand for autonomous climate control and heating systems in cars, growth in sale of vehicles across the globe, as well as, technological advancements and ongoing R&D investments strengthen playersÄX%$%X offerings and technological capacities.
Q4. What are the major segments for automotive HVAC system market?
Answer: The future of the global automotive HVAC system market looks promising with opportunities in the passenger car, commercial vehicle, and electric vehicle markets.
Q5. Who are the key automotive HVAC system market companies?
Answer: Some of the key automotive HVAC system companies are as follows:
• Sensata Technologies
• The Keihin
• Calsonic Kansei
• Sanden
• Valeo
• Denso
• Hanon Systems
• MAHLE
• Johnson Electric
• Japan Climate Systems
Q6. Which automotive HVAC system market segment will be the largest in future?
Answer: Lucintel forecasts that compressor will remain the largest segment over the forecast period.
Q7. In automotive HVAC system market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the huge scale of automotive manufacturing and the rapidly increasing demand for automobiles in the auto-producing nations such as China, India, and South Korea.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive HVAC system market by component (evaporator, compressor, condenser, receiver-drier, expansion valve, and others), technology (automatic and manual), vehicle type (passenger car, commercial vehicle, and electric vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive HVAC System Market, Automotive HVAC System Market Size, Automotive HVAC System Market Growth, Automotive HVAC System Market Analysis, Automotive HVAC System Market Report, Automotive HVAC System Market Share, Automotive HVAC System Market Trends, Automotive HVAC System Market Forecast, Automotive HVAC System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.