Introduction
HVAC (Heating Ventilation and Air Conditioning) is the system utilized for maintaining a pleasing temperature and ambient interior conditions in an automobile. The temperature inside the automobile is accustomed to a degree comparative to the temperature of the surrounding. Automotive HVAC system, thus assists to maintain temperate conditions which are conducive for driver and passenger to stay inside the automobiles comfortably for longer extents. The automotive HVAC system is beneficial in case where the outside temperatures are either too high or too low, causing discomfort to automotive diver and passengers. Previously, the utilization of automotive HVAC systems were considered a luxury aspect, and not all automobiles featured HVAC system. However, it is now a pre requisite feature in each automobile due to the elementary automotive safety and comfort standards, which are accepted across the globe.
On the basis of vehicle type, the market can be categorized as passenger cars, light commercial vehicle (LCV) and heavy commercial vehicles (HCV). Passenger cars segment is expected to dominate the automotive HVAC market over the forecast period, regarding value, which accounted for more than 40% value share in 2027.
On the basis of component, the market is segmented into Evaporator, Compressor, Condenser, Receiver/Drier, and Expansion Device. The segment, compressor in an automotive HVAC market accounted for the highest market share of more than 35% in 2017.
On the basis of technology, the market is segmented into manual and automatic. Automatic segment accounted for the highest market share in 2017. However, the manual segment is expected to register a decline over the forecast period due to the increase in deployment of automatic HVAC system across the developing economies.
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.
Market Dynamics
Global Automotive HVAC industry is currently witnessing complete change in manufacturing concept. There are numerous aspects accountable for the growth of the global automotive HVAC market. Primarily, there is a growing demand for thermal systems and automatic climate control features in all automobiles. Also, individuals travel in their personal automobiles for long distances in the urban sector, and henceforth the requirement for HVAC system is higher. Factors such as global warming and climate change resulting into rise in the global temperatures, which leads to greater demand for maintenance of ambient temperatures inside the automobile. Additionally, the consciousness regarding the utilization of eco-friendly refrigerants and automotive coolants in HVAC system gradually leads to the demand for advanced and technically progressed HVAC systems, thus boosting their sales. All these factors, rationalize the consistent expected growth of the global automotive HVAC market, which is expected to expand at a 7.5% CAGR over the forecast period.
Furthermore, the urbanization coupled with the growing demand for automotive HVAC from the middle class section of the society across the world is further propelling the demand for automotive HVAC. Additionally, growing preferences for luxury and comfort factors is highly anticipated to drive the demand for automotive HVAC over the forecast period.
The vendors offering automotive HVAC are investing huge amounts in offering advanced automotive HVAC. The companies are aiming to offer the highly efficient automotive HVAC, which are low in cost and highly effective and can provide maximum safety and comfort. For instance, Denso publicized to help Toyota develop Prius, which will improve its thermal, sensing and hybrid technologies for a safer, fuel efficient, and greener environment. Thus, rising vendor investment in Automotive HVAC is expected to contribute significantly to the market growth during the forecast period.
Analysis by Region:
On the basis of region, the global Automotive HVAC market is segmented into North America, Latin America, Europe, Japan, Asia-Pacific excluding Japan (APEJ) and MEA. Among these regions, the APEJ automotive HVAC market is projected to exhibit relatively higher growth in the global automotive HVAC market with a CAGR of over 8.0% during the forecast period. Revenue from the automotive HVAC market in North America and Europe is expected to collectively account for more than 40% of the global automotive HVAC market revenue in 2018. Key competitors in Automotive HVAC market are as Sensata Technologies., The Keihin Corporation, Calsonic Kansei Corporation, Sanden Corporation, Valeo, Denso Corporation, Hanon Systems, MAHLE GmbH, Johnson Electric Holdings Limited, and Japan Climate Systems Corporation.
Vendors in the automotive HVAC market are focusing on launching new products with advanced features to gain a competitive edge in the market, also the vendors are highly focused on merger and acquisition strategy. In 2015, Mahle Group acquired Delphi Automotive’s thermal business to augment its market penetration and product offering. Delphi Automotive was recognized as top five industry players and this acquisition has poised to give significant competitive edge to Mahle Group over other competitors
Fact.MR offers a 10-year forecast for the automotive HVAC between 2018 and 2027. In terms of value, the automotive HVAC market is expected to register a CAGR of 7.5% during the forecast period (2018–2027). The study offers key trends that are currently influencing the growth of the automotive HVAC market. This newly published and insightful report shed light on key dynamics, which are expected to transform future of the automotive HVAC market, in turn, creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of automotive HVAC.
The automotive HVAC market study is a sinuous market intelligence on key revenue growth drivers, challenges, industry trends, and opportunities, which will eventually influence the growth trajectory of the automotive HVAC market. The report initially imparts an overview of the automotive HVAC market, considering current and prospects in the transport and automobile growth, to reveal attractive facets relating to the adoption of automotive HVAC across key regional markets.
An in-depth assessment on prominent automotive HVAC manufacturers offered in the report permits the report readers to gain detailed insights that are derived from the automotive HVAC manufacturers across the regional markets incorporated in the report. A list of key companies operating in the automotive HVAC market provided in the report adds to the credibility of this exhaustive research study.
Automotive HVAC Market: Report Summary and Scope
The study offers detailed intelligence on different factors influencing demand, sales and revenue generation in the automotive HVAC market across the globe. The opportunity analysis included in the report is beneficial for the readers to understand better opportunities in the sector, which will, in turn, trigger the adoption of the automotive HVAC.
A detailed forecast on the automotive HVAC market has also been offered by the analysts, who have categorized the market forecasts in terms of a likely scenario, conservative scenario, and an optimistic scenario regarding production and sales of the Automotive HVAC during the period of forecast. Segmentation based on the most attractive sites of the automotive HVAC market has been provided in the form of a taxonomy table in the report.
Key Segments Covered in Automotive HVAC Report:
On the basis of vehicle type, the Automotive HVAC market can be segmented into:
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicles (HCV)
On the basis of technology, the Automotive HVAC market can be segmented into:
- Manual
- Automatic
On the basis of component, the Automotive HVAC market can be segmented into:
- Evaporator
- Compressor
- Condenser
- Receiver/Drier
- Expansion Device
On the basis of region, the Automotive HVAC market can be segmented into:
- North America
- Latin America
- Europe
- Japan
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
Automotive HVAC Market: Analysis on Market Size Evaluation
Current and future prospects of the automotive HVAC market, containing current, as well as future projected values and volume forecast and analysis on region-wise demand trends, have been incorporated in the report. Assessment offered on the factors mentioned above are comprehensive and dedicated weighted chapters have been delivered on the same.
Market value at a global and regional scale and volume at a global scale for the automotive HVAC is offered in terms of “(US$ Mn)” and “(000’ Units)”. A Y-o-Y growth comparison on key automotive HVAC market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Aforementioned metrics are also tracked based on automotive HVAC vehicle type, technology, and component where automotive HVAC witnesses high demand.
Automotive HVAC Market: Scrutinized Assessment on Regional Segments
Weighted chapters have been included in the report on the Automotive HVAC market, which imparts forecast on the regional markets. These chapters illuminate the regional macros (business, economic, and political environment outlook), which are most likely expected to have a significant impact on the growth of the automotive HVAC market in the near future.
Country-specific assessment on demand for the automotive HVAC has been provided for each regional market, along with the market size valuation and forecast, and impact analysis of key regional and country-wise dynamics. The Y-o-Y growth projections have also been offered on all regional markets incorporated in the report.
Automotive HVAC Market: In-depth Analysis on Competitive Landscape
The report concludes with a weighted chapter on the competitive landscape of the automotive HVAC market, which profiles key companies contributing to the market expansion. Up-to-date and important data as well as knowledge related to the market players, who predominantly engage in the production and distribution of the automotive HVAC, has been delivered with the help of a dashboard view. Market share comparison and analysis on these market players offered in the report enables the report readers to devise strategic steps forward for their businesses.
Company profiles are also incorporated in the report, which exerts company details along with a comprehensive product offering by each player identified. The intensity mapping of the market players operating in the automotive HVAC market provides readers with actionable intelligence, which helps in understanding the current market status, and prospects determining the competition levels in the automotive HVAC market.
Fact.MR has profiled some of the most prominent company’s active in the global automotive HVAC market such as Sensata Technologies., The Keihin Corporation, Calsonic Kansei Corporation, Sanden Corporation, Valeo, Denso Corporation, Hanon Systems, MAHLE GmbH, Johnson Electric Holdings Limited, and Japan Climate Systems Corporation.
Chapter 1 Global Automotive HVAC Market - Executive Summary
1.1 Global Automotive HVAC Market- Opportunity Assessment
1.2 Competitive Analysis (Fortune Wheel)
1.3 Mega Trends
1.4 Fact.MR View Point
Chapter 2 Global Automotive HVAC Market Overview
2.1 Introduction
2.1.1 Global Automotive HVAC Market Taxonomy
2.1.2 Global Automotive HVAC Market Definition
2.2 Global Automotive HVAC Market Size (US$ Mn & Volume (‘000 Units) and Forecast, 2013-2027
2.2.1 Global Automotive HVAC Market Y-o-Y Growth
2.3 Global Automotive HVAC Market Dynamics
2.4 Supply Chain
2.5 Cost Structure
2.6 Pricing Analysis
2.6.1 Pricing Analysis by Vehicle Type
2.6.2 Pricing Forecast Till 2027
2.7 Macro - Economic Factors Influencing Demand
2.8 Forecast Factors and Relevance of impact
2.9 Global Automotive Component Overview
2.10 Global Automotive Spending Overview
2.11 Automotive HVAC Market: Notable Developments
2.12 Automotive HVAC Standards
2.13 List of key manufacturer
2.14 Political-Economical-Social-Technological-Legal-Environment (PESTLE) Analysis
2.15 Porter’s Analysis
Chapter 3 Global Automotive HVAC Market Analysis and Forecast 2013-2027
3.1 Global Automotive HVAC Market Size and Forecast By Vehicle Type, 2013-2027
3.1.1 Passenger Cars Market Size and Forecast, 2013-2027
3.1.1.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
3.1.1.2 Market Share Comparison, By Region
3.1.1.3 Y-o-Y growth Comparison, By Region
3.1.2 Light Commercial Vehicle (LCV) Market Size and Forecast, 2013-2027
3.1.2.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
3.1.2.2 Market Share Comparison, By Region
3.1.2.3 Y-o-Y growth Comparison, By Region
3.1.3 Heavy Commercial Vehicles (HCV) Market Size and Forecast, 2013-2027
3.1.3.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
3.1.3.2 Market Share Comparison, By Region
3.1.3.3 Y-o-Y growth Comparison, By Region
3.2 Global Automotive HVAC Market Size and Forecast By Technology, 2013-2027
3.2.1 Manual Market Size and Forecast, 2013-2027
3.2.1.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
3.2.1.2 Market Share Comparison, By Region
3.2.1.3 Y-o-Y growth Comparison, By Region
3.2.2 Automatic Market Size and Forecast, 2013-2027
3.2.2.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
3.2.2.2 Market Share Comparison, By Region
3.2.2.3 Y-o-Y growth Comparison, By Region
3.3 Global Automotive HVAC Market Size and Forecast By Component, 2013-2027
3.3.1 Evaporator Market Size and Forecast, 2013-2027
3.3.1.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
3.3.1.2 Market Share Comparison, By Region
3.3.1.3 Y-o-Y growth Comparison, By Region
3.3.2 Compressor Market Size and Forecast, 2013-2027
3.3.2.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
3.3.2.2 Market Share Comparison, By Region
3.3.2.3 Y-o-Y growth Comparison, By Region
3.3.3 Condenser Market Size and Forecast, 2013-2027
3.3.3.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
3.3.3.2 Market Share Comparison, By Region
3.3.3.3 Y-o-Y growth Comparison, By Region
3.3.4 Receiver/Drier Market Size and Forecast, 2013-2027
3.3.4.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
3.3.4.2 Market Share Comparison, By Region
3.3.4.3 Y-o-Y growth Comparison, By Region
3.3.5 Expansion Device Market Size and Forecast, 2013-2027
3.3.5.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
3.3.5.2 Market Share Comparison, By Region
3.3.5.3 Y-o-Y growth Comparison, By Region
Chapter 4 North America Automotive HVAC Market Size and Forecast, 2013-2027
4.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
4.2 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
4.3 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Technology
4.4 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Component
Chapter 5 Latin America Automotive HVAC Market Size and Forecast, 2013-2027
5.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
5.2 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
5.3 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Technology
5.4 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Component
Chapter 6 Europe Automotive HVAC Market Size and Forecast, 2013-2027
6.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
6.2 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
6.3 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Technology
6.4 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Component
Chapter 7 Japan Automotive HVAC Market Size and Forecast, 2013-2027
7.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
7.2 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
7.3 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Technology
7.4 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Component
Chapter 8 APEJ Automotive HVAC Market Size and Forecast, 2013-2027
8.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
8.2 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
8.3 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Technology
8.4 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Component
Chapter 9 MEA Automotive HVAC Market Size and Forecast, 2013-2027
9.1 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Country
9.2 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Vehicle Type
9.3 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Technology
9.4 Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Component
Chapter 10 Global Automotive HVAC Market Competitive Landscape
10.1 Market Structure
10.2 Global Automotive HVAC Market Competitive Landscape, Competition Dashboard
Chapter 11 Company Profiles
11.1 Sensata Technologies
11.2 The Keihin Corporation
11.3 Calsonic Kansei Corporation
11.4 Sanden Corporation
11.5 Valeo
11.6 Denso Corporation
11.7 Hanon Systems
11.8 MAHLE GmbH
11.9 Johnson Electric Holdings Limited
11.10 Japan Climate Systems Corporation
Chapter 12 Fact.MR Research Methodology
12.1 To Begin With
12.2 How we Develop Base Year Data
12.3 Overall Approach Explained Visually
12.4 To be Noted
12.5 Average Pricing Methodology
12.6 Forecasting Methodology
12.7 For Profiling Competitors in the Market:
Chapter 13 Disclaimer
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Automotive HVAC Market Forecast, Trend Analysis & Competition Tracking - Global Review 2019 to 2027