PUBLISHER: IMARC | PRODUCT CODE: 1291381
PUBLISHER: IMARC | PRODUCT CODE: 1291381
Automotive HVAC System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global automotive HVAC system market size reached US$ 40.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 57.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
An automotive heating, ventilation and air conditioning (HVAC) system refers to an automated mechanism used to sustain the internal temperature of a vehicle. They consist of a condenser, evaporator, compressor, expansion valves, sensors, expansion tube, receiver and dryer. They are commonly available in automatic, manual and semi-automatic variants. Automotive HVAC systems are widely used for regulating operations of heating, cooling and air conditioning, while ensuring proper ventilation within a vehicle. They also assist in controlling the air temperature, providing good air quality, ensuring thermal comfort for drivers and passengers, inspecting the moisture content in the vehicle, and emanating the excessive humidity from the circulating air.
Automotive HVAC Systems Market Trends:
The increasing sales of vehicles and the growing requirement for air conditioning systems under extreme weather conditions across the globe is creating a positive outlook for the market. Automotive HVAC systems are widely used due to the increasing demand for enhanced performance, air quality and environmental issues. In line with this, the rising demand for remote access control systems that assist in enhancing the efficiency of air conditioning and reducing fuel consumption is favoring the market growth. Apart from this, various technological innovations, such as the introduction of energy-efficient and eco-friendly automotive HVAC systems due to the increasing environmental consciousness among the masses, are providing a thrust to the market growth. Furthermore, the launch of new HVAC systems with advanced features that assist in demisting windshields, defrosting windows and dehumidifying air, and providing improved comfort to the passengers is positively impacting the market growth. Other factors, including the increasing demand for electric vehicles (EVs), rising expenditure capacities of consumers and the implementation of various government initiatives to promote energy-efficient systems, are anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive HVAC system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, technology and vehicle type.
Breakup by Component:
Evaporator
Compressor
Condensor
Receiver-drier
Expansion Valve
Others
Breakup by Technology:
Automatic
Manual
Breakup by Vehicle Type:
Passenger Car
Commercial Vehicle
Electric Vehicle
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Denso Corporation, Hanon Systems, Highly Marelli, Japan Climate Systems Corporation, Johnson Electric Holdings Limited, Mahle GmbH, Mitsubishi Heavy Industries Ltd, Sanden Corporation, Sensata Technologies Inc and Valeo.
Key Questions Answered in This Report
1. What was the size of the global automotive HVAC system market in 2022?
2. What is the expected growth rate of the global automotive HVAC system market during 2023-2028?
3. What has been the impact of COVID-19 on the global automotive HVAC system market?
4. What are the key factors driving the global automotive HVAC system market?
5. What is the breakup of the global automotive HVAC system market based on the component?
6. What is the breakup of the global automotive HVAC system market based on the technology?
7. What is the breakup of the global automotive HVAC system market based on the vehicle type?
8. What are the key regions in the global automotive HVAC system market?
9. Who are the key players/companies in the global automotive HVAC system market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive HVAC System Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Evaporator
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Compressor
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Condensor
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Receiver-drier
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Expansion Valve
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Technology
- 7.1 Automatic
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Manual
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Vehicle Type
- 8.1 Passenger Car
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Vehicle
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Electric Vehicle
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Denso Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Hanon Systems
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 Highly Marelli
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Japan Climate Systems Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Johnson Electric Holdings Limited
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Mahle GmbH
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 SWOT Analysis
- 14.3.7 Mitsubishi Heavy Industries Ltd
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Sanden Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Sensata Technologies Inc
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Valeo
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 Denso Corporation
List of Figures
- Figure 1: Global: Automotive HVAC System Market: Major Drivers and Challenges
- Figure 2: Global: Automotive HVAC System Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Automotive HVAC System Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Automotive HVAC System Market: Breakup by Component (in %), 2022
- Figure 5: Global: Automotive HVAC System Market: Breakup by Technology (in %), 2022
- Figure 6: Global: Automotive HVAC System Market: Breakup by Vehicle Type (in %), 2022
- Figure 7: Global: Automotive HVAC System Market: Breakup by Region (in %), 2022
- Figure 8: Global: Automotive HVAC System (Evaporator) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Automotive HVAC System (Evaporator) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Automotive HVAC System (Compressor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Automotive HVAC System (Compressor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Automotive HVAC System (Condensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Automotive HVAC System (Condensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Automotive HVAC System (Receiver-drier) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Automotive HVAC System (Receiver-drier) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Automotive HVAC System (Expansion Valve) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Automotive HVAC System (Expansion Valve) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Automotive HVAC System (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Automotive HVAC System (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Automotive HVAC System (Automatic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Automotive HVAC System (Automatic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Automotive HVAC System (Manual) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Automotive HVAC System (Manual) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Automotive HVAC System (Passenger Car) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Automotive HVAC System (Passenger Car) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Automotive HVAC System (Commercial Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Automotive HVAC System (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Automotive HVAC System (Electric Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Automotive HVAC System (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Automotive HVAC System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Automotive HVAC System Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Automotive HVAC System Industry: SWOT Analysis
- Figure 80: Global: Automotive HVAC System Industry: Value Chain Analysis
- Figure 81: Global: Automotive HVAC System Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive HVAC System Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Automotive HVAC System Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Automotive HVAC System Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 4: Global: Automotive HVAC System Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 5: Global: Automotive HVAC System Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Automotive HVAC System Market: Competitive Structure
- Table 7: Global: Automotive HVAC System Market: Key Players
