Replacement Demand Analysis for Class 1-3 HVAC Components in North America

Description

North American HVAC Aftermarket is Estimated to be $1.87 Billion by 2028

This research service covers the North American passenger car and light commercial vehicle HVAC components aftermarket in terms of volume (million units) and value ($ million). It discusses unit shipment, revenue, average price, and distribution channel share for eight product types: Compressor, condenser, heater core, evaporator, radiator, expansion valve, accumulator and receiver drier, and radiator fan and motor. The base year is 2021, and the forecast period is from 2022 to 2028.

The demand for HVAC components in the North American aftermarket declined in 2020 because of the COVID-19 pandemic. However, the aftermarket has recovered in 2021 because of pent-up demand, increasing VIO, and an aging vehicle population. Unit shipment, however, will remain flat until the end of the forecast period because of a reduction in the number of vehicle accidents and higher product durability. Most of the HVAC components witnessed a significant price increase in 2021 because of the increase in raw material cost and supply chain issues caused by the COVID-19 pandemic and other geopolitical situations. Revenue will see marginal growth because of price correction and a decline in unit shipment. Warehouse distributors (WDs) and retailers are the key channel partners, as this category is primarily a Do-It-For-Me (DIFM) segment. OES channel has a notable share in certain HVAC components, as a significant share of the demand arises from vehicle collision. WDs and retailers dominate the HVAC category with their aggressive pricing and extensive private label coverage. Key participants in the North American HVAC aftermarket are SMP, LKQ, APDI, Spectra Premium, Santech, TYC Genera, Continental, Dorman Products, and Denso.

Product Code: K802-41

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Top 3StrategicImperativeAffectingtheGrowthoftheHVACAftermarket
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

Scope of Analysis
Segmentation
Definitions
Definitions (continued)
Key Questions This Study Will Answer
Key Competitors
Key Findings
Growth Drivers
Growth Restraints
CASE Impact on the HVAC Components Aftermarket, 2028
Competitive Environment
Forecast Assumptions

Growth Opportunity Analysis: Overall HVAC Components Aftermarket

Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Unit Shipment Forecast by Product
Percent Unit Shipment Forecast by Product
Revenue Forecast by Product
Percent Revenue Forecast by Product
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel
Analysis of Revenue Share by Distribution Channel

Growth Opportunity Analysis: Compressor

Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Unit Shipment Forecast by Product Type
Revenue Forecast by Product Type
Revenue and Unit Shipment Forecast Anaylsis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix

Growth Opportunity Analysis: Accumulator and Receiver Drier

Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix

Growth Opportunity Analysis: Evaporator

Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix

Growth Opportunity Analysis: Condenser

Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix

Growth Opportunity Analysis: Expansion Valve

Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Share by Distribution Channel and Service Preference
Retail Supplier Matrix

Growth Opportunity Analysis: Heater Core

Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix

Growth Opportunity Analysis: Radiator

Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Discussion
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix

Growth Opportunity Analysis: Radiator Fan Assembly

Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix

Key Supplier Profiles

SMP
Keystone (LKQ)
Santech Industries (Omega Group)
TYC Genera
Spectra Premium

Growth Opportunity Universe

Growth Opportunity 1: Private Labels
Growth Opportunity 1: Private Labels (continued)
Growth Opportunity 2: eCompressor
Growth Opportunity 2: eCompressor (continued)
Growth Opportunity 3: Connected Vehicle Technology/Telematics
Growth Opportunity 3: Connected Vehicle Technology/Telematics (continued)

The Last Word

3 Big Predictions

Next Steps

Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
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