Automotive HVAC Ducts Market Forecast and CAGR
According to latest research by Fact.MR, automotive HVAC Ducts market is set to a sound growth during 2021-2031. The sales is expected to grow between CAGR of 3% to 6% by value during 2021-2031. The rising automotive production and HVAC sales are the prominent factors driving the demand for automotive HVAC ducts.
What is Driving Demand for Automotive HVAC Ducts?
The changing climate conditions in terms of surge in temperature, pollution level and air quality can be considered as the real mover for the expansion of demand for Automotive HVAC Ducts market. Customers need best quality material in the HVAC systems which is pushing the requirement for efficient ducts with better material. The upcoming requirement from the customers is guiding the producers to bring customization in the features of ducts for HVAC systems.
Increase in the automobile production, growing urbanization and increasing sales of passenger cars are driving factor for Automotive HVAC Ducts. The wide application of plastic ducts instead of metal ducts is also a foremost factor driving the growth of ducts in the automotive industry. New introduction of automatic climate control systems in the automobiles and rising customer preference for comfort and safety is driving the growth of automotive HVAC Ducts.
Automotive sales and production around the globe have been impacted by COVID-19-pandemic. This has negatively impacted Automotive HVAC Ducts sales in 2020. However, it is estimated that the market will steadily grow from 2021 onwards.
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Production of Passenger Cars Likely to Augment Automobile Ducts Sales
Passenger car is expected to augment the sales of automotive HVAC Ducts in the coming years. There has been an increase in the trend for the production of passenger cars across the regions which is driving the sales of HVAC Ducts as manufacturers are bringing new technological innovations in the manufacturing of automotive HVAC Ducts systems. Moreover, there is significant demand of hatchbacks and SUVs which requires lighter ducts. Thus, new SUVs and hatchbacks are driving the demand and sales of HVAC Ducts in the passenger cars segment.
East Asia & North America Automotive HVAC Ducts Demand Outlook
East Asia is one of the largest market for the demand of automotive HVAC Ducts. East Asia comprises of leading countries like China where there is increase in the production and sales of motor vehicle in the region. North America is expected to be among the prominent region for due to extensive use of light commercial vehicles. Latin America is anticipated to have a steady growth due to rising number of manufacturing facilities for the production of passenger and commercial vehicles.
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Who are the Key Manufacturers and of Automotive Ducts?
Some of the leading manufacturers of automotive HVAC Ducts include
- Bolton Plastics Components Ltd
- A. KAYSER AUTOMOTIVE SYSTEMS GmbH
- Trocellen GmbH
- Mergon International
- Tata AutoComp Systems LTD
- ABC Technologies Inc.
- Sogefi Group
- MANN + HUMMEL Holding GmbH
- Sekiso Co. Ltd
- INOAC Corporation
- Kyoraku Co. Ltd
- MAHLE GmbH.
The leading manufacturers possess a strong manufacturing capabilities and skilled workforce to produce automotive HVAC Duct systems. The companies such as Bolton Plastic Component Ltd strive for innovation through manufacturing techniques and development of cost effective solutions. Manufacturers do commit for continuous improvement in the products which is the driving factor for growth in their business. Sogefi Group is one of the leading manufacturer in the automotive HVAC ducts systems who primarily focuses excellent product design and development expertise and innovation through its R&D centers as well as production sites across the world.
An Adaptive Approach to Modern-day Research Needs
Automotive HVAC Ducts Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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By Product Type
- Rear Outlet HVAC Duct
- Windshield Demist Duct
- Passenger cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Process Twin Sheet Forming
- Blow Moulding
- North America (US, Canada)
- Europe (Germany, Italy, France, U.K., Spain, BENELUX, Russia, Nordics)
- East Asia (China, Japan, South Korea)
- South Asia & Pacific (India, ASEAN Countries, Oceania)
- Latin America (Brazil, Mexico)
- Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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