HVAC Market 2019 Automotive Industry Analysis By Size, Growth, Share, Trends, Merger, Manufacturer, Competitive And Regional Forecast To 2023

Automotive HVAC Market to Rise At 9% CAGR and reach remarkable value by 2023, according Global Automotive HVAC Market Analysis Report published by Market Research Future. Automotive HVAC Market by Technology, Component, Vehicle Type, region with Forecast to 2023.

Pune, India - July 11, 2019 /MarketersMedia/ —

Automotive HVAC Market to Rise At 9% CAGR and reach remarkable value by 2023, according Global Automotive HVAC Market Analysis Report published by Market Research Future. HVAC (Heating Ventilation and Air Conditioning) is the technology used for maintaining a pleasant temperature and ambient indoor conditions in an automobile. Global Automotive HVAC Industry Report analyzes Market for Automotive HVAC by Technology (Manual and Automatic), by Component (Evaporator, Compressor, Condenser, Receiver/Drier and Expansion Device), by Vehicle Type (Passenger Cars, LCV, and HCV), region with Forecast to 2023.

Leading players in the global automotive HVAC market include Japan Climate Systems Corporation, Johnson Electric Holdings Limited, MAHLE GmbH, Hanon Systems, Denso Corporation, Valeo, Sanden Corporation, Calsonic Kansei Corporation, The Keihin Corporation, and Sensata Technologies.

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Global Market Overview:

The global automotive HVAC market is expected to exhibit a strong 9% CAGR over the forecast period from 2019 to 2023, according to the latest research report from Market Research Future (MRFR). The global automotive HVAC market is likely to be driven by the growing demand for luxuries in automobiles, as the growing disposable incomes of consumers around the world have led to an increasing demand for premium automobiles fitted with the latest in automotive amenities. The presence of an HVAC system in the car and its strength and capability is top of most people’s priorities when buying a car, especially in hotter climates. This is likely to be a major driver for the global automotive HVAC market over the forecast period, as this has driven significant innovation in the direction of making automotive HVAC units more refined and capable.

Automotive HVAC Market Driven by Growing Demand for Cooling in Asia Pacific. Growing Demand for Eco-friendly HVAC Units to Dominate Automotive HVAC Market

In addition to the traditional strong points of cooling capacity, the modern consumer is increasingly attracted to HVAC units that are kinder to the planet and leave a less harmful carbon footprint. The emission of toxic and environmentally unfavourable gases from HVAC units has long been an Achilles’ heel for the industry, which otherwise has steadily progressed due to the growing demand for consumer amenities.

This has triggered massive research and development in the HVAC sector, leading to the development of environmentally sound, emission-reducing automotive HVAC units. This is likely to be a major driver for the global automotive HVAC market over the forecast period due to the increasing government support for mandatory compliance with environmental standards and regulations, which is likely to make further product development crucial for players in the automotive HVAC market.

Segmentation:

The global automotive HVAC market is segmented based on technology, component, vehicle type, and region.

By technology, the global automotive HVAC market is segmented into manual and automatic.

By component, the global automotive HVAC market is segmented into evaporator, compressor, condenser, receiver/drier, and expansion devices.

By vehicle type, the global automotive HVAC market is segmented into passenger cars, LCVs, and HCVs.

Regional Analysis:

Asia Pacific is likely to be the dominant force in the global automotive HVAC market over the forecast period due to the growing demand for automobiles from the consumers in this region. The demand for passenger cars has seen rapid growth in Asia Pacific over the last few decades due to the increasing initiation of open markets and free flow of economy, resulting in an increasing disposable income for consumers in the region. This has also driven the demand for progressive developments in automotive HVAC technology, as the region is situated close to the equator, and is thus generally hot. The demand for strong, premium automotive HVAC modules has thus shot up in the region and is likely to be a dominant feature of the automotive HVAC market over the forecast period.

The increasing production of automobiles and automobile accessories in the region is also likely to drive the automotive HVAC market over the forecast period, as this raises the scope for product development in the region and enables easy incorporation into automotive manufacturing.

Inversely, the Europe market is mainly driven by the consistent cold temperatures in the region, which give rise to a demand for heaters. This is likely to remain a key driver for the automotive HVAC market in Europe over the forecast period. The increasing support for eco-friendly initiatives in Europe is also likely to be a major driver for the automotive HVAC market in the region over the forecast period.

Competitive Analysis:

Players in the global automotive HVAC market are expected to focus on the development of comprehensive climate control systems that work on dehumidifying, cooling, as well as cleaning the air inside a vehicle. This is likely to pay strong dividends, as consumers increasingly prefer multifunctional HVAC units that are not just restricted to cooling and conducting air through the vehicle.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Automotive HVAC Market, By Technology

5.1 Introduction

5.2 Manual

5.2.1 Market Estimates & Forecast, 2017-2023

5.2.2 Market Estimates & Forecast By Region, 2017-2023

5.3 Automatic

5.3.1 Market Estimates & Forecast, 2017-2023

5.3.2 Market Estimates & Forecast By Region, 2017-2023

Continued…

List of Tables:

Table 1 Global Automotive HVAC Market: By Region, 2017-2023

Table 2 North America Automotive HVAC Market: By Country, 2017-2023

Table 3 Europe Automotive HVAC Market: By Country, 2017-2023

Table 4 Asia Pacific Automotive HVAC Market: By Country, 2017-2023

Table 5 RoW Automotive HVAC Market: By Country, 2017-2023

Continued…

List of Figures:

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top Down & Bottom Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value Chain Analysis

Continued…

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