Automotive HVAC Market Size, Share & Trends Analysis Report By Technology (Automatic, Manual/Semi-automatic), By Vehicle (Passenger Cars, LCVs, HCVs), By Region, And Segment Forecasts, 2024

Description

Automotive HVAC Market Growth & Trends:

The global automotive HVAC market size is estimated to reach USD 79.59 billion by 2030, according to a study by Grand View Research Inc., expanding at a CAGR of 6.7% during the forecast period. The market is driven by increasing development of innovative, fuel-efficient, and eco-friendly HVAC solutions coupled with surging global demand for passenger vehicles. Rising disposable income and growing inclination towards more luxurious and comfortable travel are anticipated to foster the growth of the automotive HVAC market.

In the current scenario, an automotive HVAC unit has become an integral part of passenger vehicles, offering comfort features that influence consumer buying behavior. Rising concerns regarding global warming are leading to an increase in temperature levels, which in turn is resulting in increased demand for enhanced interior environment and comfort. Technological innovations and substantial investments in R&D activities are leading to the innovation of fuel-efficient and eco-friendly HVAC units coupled with innovative designs to lower the weight and size of systems for better adaptability.

Spiraling demand for private vehicles owing to the flourishing car rental industry and rising average time spent on vehicles is expected to boost the growth of the market. Additionally, affordable automobile finance schemes and increasing preference to use private vehicles rather than public transport can also favor the growth of the automotive HVAC market. Asia Pacific is anticipated to dominate the global market throughout the forecast horizon owing to the presence of key automobile manufacturers coupled with a broader consumer base boosting vehicle demand. Rising concerns about the environmental effects of refrigerants and high maintenance costs can hinder the growth of the automotive HVAC market.

Automotive HVAC Market Report Highlights:

Passenger car is likely to dominate the market through 2030. Increasing personnel mobility needs and growing urbanization will contribute to the growth of the segment
Macroeconomic conditions and regulations such as the mining ban in India may affect the demand for Heavy Commercial Vehicle (HCV). Increasing demand for LCVs, particularly in rural areas, is projected to supplement the growth of the segment
The burgeoning popularity of electric or hybrid vehicles can also positively influence the growth of the market. Increasing adoption of premium automobile brands in countries such as India and China are estimated to bolster the growth of the market
Asia Pacific automotive HVAC market registered the largest market revenue share of 49.0% in 2023. The expanding middle class in countries such as China, India, and Japan is boosting the demand for cars with modern features, including HVAC systems

Product Code: 978-1-68038-672-1

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Automotive HVAC Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Automotive HVAC Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Automotive HVAC Market: Technology Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Automotive HVAC Market: Technology Movement Analysis, USD Billion, 2023 & 2030
4.3. Automatic
- 4.3.1. Automatic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.4. Manual/Semi-automatic
- 4.4.1. Manual/Semi-automatic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 5. Automotive HVAC Market: Vehicle Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Automotive HVAC Market: Vehicle Movement Analysis, USD Billion, 2023 & 2030
5.3. Passenger Cars
- 5.3.1. Passenger Cars Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.4. LCVs
- 5.4.1. LCVs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.5. HCVs
- 5.5.1. HCVs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 6. Automotive HVAC Market: Regional Estimates & Trend Analysis

6.1. Automotive HVAC Market Share, By Region, 2023 & 2030, USD Billion
6.2. North America
- 6.2.1. North America Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.3. Canada
  - 6.2.3.1. Canada Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3. Europe
- 6.3.1. Europe Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.2. U.K.
  - 6.3.2.1. U.K. Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.3. Germany
  - 6.3.3.1. Germany Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.4. France
  - 6.3.4.1. France Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.2. China
  - 6.4.2.1. China Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.3. Japan
  - 6.4.3.1. Japan Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.4. India
  - 6.4.4.1. India Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.5. South Korea
  - 6.4.5.1. South Korea Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.6. Australia
  - 6.4.6.1. Australia Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5. Latin America
- 6.5.1. Latin America Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.2. Saudi Arabia
  - 6.6.2.1. Saudi Arabia Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.3. UAE
  - 6.6.3.1. UAE Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.4. South Africa
  - 6.6.4.1. South Africa Automotive HVAC Market Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
- 7.4.1. Denso Corporation
  - 7.4.1.1. Participant's Overview
  - 7.4.1.2. Financial Performance
  - 7.4.1.3. Product Benchmarking
  - 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Valeo
  - 7.4.2.1. Participant's Overview
  - 7.4.2.2. Financial Performance
  - 7.4.2.3. Product Benchmarking
  - 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. MAHLE GmbH
  - 7.4.3.1. Participant's Overview
  - 7.4.3.2. Financial Performance
  - 7.4.3.3. Product Benchmarking
  - 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Hanon Systems
  - 7.4.4.1. Participant's Overview
  - 7.4.4.2. Financial Performance
  - 7.4.4.3. Product Benchmarking
  - 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. Sanden Holdings Corporation
  - 7.4.5.1. Participant's Overview
  - 7.4.5.2. Financial Performance
  - 7.4.5.3. Product Benchmarking
  - 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. Calsonic Kansei Corporation
  - 7.4.6.1. Participant's Overview
  - 7.4.6.2. Financial Performance
  - 7.4.6.3. Product Benchmarking
  - 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. Keihin Corporation
  - 7.4.7.1. Participant's Overview
  - 7.4.7.2. Financial Performance
  - 7.4.7.3. Product Benchmarking
  - 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. Mitsubishi Heavy Industries
  - 7.4.8.1. Participant's Overview
  - 7.4.8.2. Financial Performance
  - 7.4.8.3. Product Benchmarking
  - 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. Bros Fahzeugteile
  - 7.4.9.1. Participant's Overview
  - 7.4.9.2. Financial Performance
  - 7.4.9.3. Product Benchmarking
  - 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. Eberspaher Gruppe
  - 7.4.10.1. Participant's Overview
  - 7.4.10.2. Financial Performance
  - 7.4.10.3. Product Benchmarking
  - 7.4.10.4. Recent Developments/ Strategic Initiatives

Automotive HVAC Market Size, Share & Trends Analysis Report By Technology (Automatic, Manual/Semi-automatic), By Vehicle (Passenger Cars, LCVs, HCVs), By Region, And Segment Forecasts, 2024 - 2030