Global Information would like to present a new market research report, "The global market for automotive heating, ventilation and air conditioning: 2013 edition" by ABOUT Publishing Group.
Automotive air conditioning is considered a necessity for the majority of consumers and demand for automotive HVAC is stronger than ever across all market segments. Consumer demand is strong even when it falls to small A and B class vehicles segments, which has led to the development of relatively inexpensive and compact systems to meet market needs.
In this market, minute differences in technology or prices can mean the difference between losing or winning new contracts given the consolidated nature of the sector with six major global players in competition for business. Suppliers are under constant pressure to reduce the prices of their systems and components and yet, continue to deliver extra functionality.
Speaking from a short-term perspective, research and analysis shows that the industry faces several structural challenges that will affect all segments of the automotive industry. More specifically, there is an apparent trend towards smaller engines and smaller vehicles, which presents major engineering and revenue challenges for suppliers. Meanwhile, the shift towards electric and hybrid vehicles will also open up many opportunities for this sector, but at substantial development costs for suppliers.
However, the future is promising as new trends in automotive HVAC technology are constantly being developed and researched such as, automatic and intelligent HVAC systems. Additionally, more compact units are currently being designed specifically for the increasingly significant small car sector.