Automotive HVAC Market by Component, Technology, Vehicle, Distribution Channel

List of Tables

[199 Pages Report] The Automotive HVAC Market size was estimated at USD 31.52 billion in 2023 and expected to reach USD 33.83 billion in 2024, at a CAGR 7.56% to reach USD 52.53 billion by 2030.

Automotive heating, ventilation, and air conditioning (HVAC) is the system that circulates cooled or heated air while lowering humidity to meet the passengers' and drivers' optimum temperature requirements. The system also controls the air quality and quantity inside vehicle cabins. The HVAC systems help maintain thermal comfort inside the vehicles by mainly using the principles of convection, radiation, and conduction. The automotive HVAC systems are gaining more traction with increased demand for private & passenger cars, rising disposable income, growing spending on premium and luxurious vehicles, and regulations applicable to climate control for low-emission vehicles. Although maintenance and replacement of HVAC systems are cost-intensive and lead to environmental issues, the improvements in design and technologies used in automotive HVAC increases their usage. Moreover, increasing demand for electric and autonomous vehicles is also expected to support future utilization and R&D efforts in automotive HVAC systems in the coming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 31.52 billion
Estimated Year [2024]	USD 33.83 billion
Forecast Year [2030]	USD 52.53 billion
CAGR (%)	7.56%

Component: innovations in heat exchanger for enhancing energy efficiency, and improving durability

The automotive compressor is utilized for maintaining refrigerant pressure in the HVAC system by compression of refrigerant gas. The condenser acts as heat-exchanging equipment that removes heat from compressed gas, condensing gas into liquid form. The expansion device restricts refrigerant flow, converting it into a low-pressure mist before transferring it to the evaporator system. The receiver/drier helps to absorb moisture inside the automotive cabin, ensuring that the air entering the vehicle has low humidity levels.

Technology: Significant adoption of manual HVAC system as a cost-effective alternative

The automatic HVAC system regulates automotive cabins' temperature and moisture through sensors. The sensors collect information and regulate HVAC system operations under different times and climatic conditions. The manual HVAC system provides a cost-effective alternative, offering similar features to budget vehicles' automatic HVAC systems. The semi-automatic system provides a combination of automatic and manual HVAC systems, offering automatic control over certain operations such as fan speed.

Vehicle: Rising usage of HVAC system in the passenger vehicles

The automotive HVAC system is installed in heavy and light commercial vehicles to control air, temperature, humidity, and thermal environment. Passenger cars are equipped with an HVAC system, providing comfort features with thermal controls such as automatic temperature control, fan speed, and fog sensors.

Distribution Channel: Widening availability of automotive HVAC solution through OEM

The aftermarket is the secondary market, consisting of manufacturing, distribution, retailing, and installation of heating, ventilation, and air conditioning (HVAC) systems in automobiles by OEM to the consumer. Aftermarket manufacturers provide easy-to-install and affordable HVAC systems, allowing installation into older vehicles. OEM allows selling products to another company for relabelling as their own, enabling a manufacturer to boost sales without investing in infrastructure.

Regional Insights

The demand and usage of automotive HVAC systems are increasing in the EU, the U.S., and developed parts of Asia-Pacific regions, with consumer spending on passenger cars and a strong presence of market players developing advanced HVAC systems. China, the US, Japan, India, South Korea, Germany, Mexico, and Brazil are the leading automotive manufacturers worldwide with a highly competitive automotive sector. Automakers' investments towards improving consumer satisfaction while complying with cabin air quality regulations and reducing the weight of vehicles to meet fuel consumption and emission standards provide considerable scope for the market players. In both developed and developing economies, the automotive sector enormously contributes to the economy, necessitating efficient automotive HVAC systems. Moreover, with sustainability becoming the prime focus of countries, HVAC systems are becoming increasingly advanced as new technologies get integrated to make the system more efficient. The significant importance given to the electrification of the automotive sector, encouraging the adoption of electric vehicles, is anticipated to further expand the use of automotive HVAC in the upcoming years.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive HVAC Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive HVAC Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive HVAC Market, highlighting leading vendors and their innovative profiles. These include Air International Thermal Systems, Inc., ASPINA Group, Bergstrom Inc., BorgWarner Inc., Brose Fahrzeugteile SE & Co. KG, Denso Corporation, Eberspacher Gruppe GmbH & Co. KG, ELKE S.r.l., ESTRA Automotive Systems Co., Ltd., Gentherm Incorporated, Global Air, Hanon Systems Co., Ltd., Hitachi Astemo, Ltd., LU-VE Group, MAHLE GmbH, Marelli Holdings Co., Ltd., Mitsubishi Heavy Industries Ltd., OMEGA Environmental Technologies, Red Dot Corporation, Samvardhana Motherson International Limited, Sanden Corporation, SEA Italy, Sensata Technologies, Inc., STMicroelectronics N.V., Subros Limited, Texas Instruments Incorporated, Valeo Group, and Webasto Group.

Market Segmentation & Coverage

This research report categorizes the Automotive HVAC Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Compressor
- Expansion Device
- Heat Exchanging Equipment
- Receiver/Drier

Technology
- Automatic HVAC System
- Manual HVAC System

Vehicle
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Passenger Car

Distribution Channel
- Aftermarket
- OEM

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Automotive HVAC Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive HVAC Market?

3. What are the technology trends and regulatory frameworks in the Automotive HVAC Market?

4. What is the market share of the leading vendors in the Automotive HVAC Market?

5. Which modes and strategic moves are suitable for entering the Automotive HVAC Market?

Product Code: MRR-031BF22FA1D4

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing production and sales of automobiles worldwide
  - 5.1.1.2. Inclination towards climate control systems in automobiles
- 5.1.2. Restraints
  - 5.1.2.1. Capital intensive installation, replacement and maintenance
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in automotive HVACs
  - 5.1.3.2. Potential demand for electric and autonomous vehicles worldwide
- 5.1.4. Challenges
  - 5.1.4.1. Technical issues and environmental concerns associated with automotive HVAC
5.2. Market Segmentation Analysis
- 5.2.1. Component: innovations in heat exchanger for enhancing energy efficiency, and improving durability
- 5.2.2. Technology: Significant adoption of manual HVAC system as a cost-effective alternative
- 5.2.3. Vehicle: Rising usage of HVAC system in the passenger vehicles
- 5.2.4. Distribution Channel: Widening availability of automotive HVAC solution through OEM
5.3. Market Trend Analysis
- 5.3.1. Expansion of automotive HVAC manufacturers with availability of government standards for automotive HVAC systems in the Americas
- 5.3.2. Massive expansion of regional automotive manufacturing sector supporting the usage of automotive HVAC systems in the APAC
- 5.3.3. Growing emphasis on electrification of automotive sector developing the demand for automotive HVAC systems in the EMEA
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Automotive HVAC Market, by Component

6.1. Introduction
6.2. Compressor
6.3. Expansion Device
6.4. Heat Exchanging Equipment
6.5. Receiver/Drier

7. Automotive HVAC Market, by Technology

7.1. Introduction
7.2. Automatic HVAC System
7.3. Manual HVAC System

8. Automotive HVAC Market, by Vehicle

8.1. Introduction
8.2. Heavy Commercial Vehicle
8.3. Light Commercial Vehicle
8.4. Passenger Car

9. Automotive HVAC Market, by Distribution Channel

9.1. Introduction
9.2. Aftermarket
9.3. OEM

10. Americas Automotive HVAC Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Automotive HVAC Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Automotive HVAC Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Nitin Gadkari Approves Draft Notification for AC Truck Cabins
- 13.3.2. Samvardhana Motherson eyes demand from off-highway vehicles, acquires cabin-making JV
- 13.3.3. Aspina Group's automotive HVAC blowers ready for growing markets
- 13.3.4. Gentherm's ClimateSense Technology to Launch on the 2024 Cadillac Celestiq
- 13.3.5. Parity closes USD 8 million from strategic investors to expand North American reach of SaaS HVAC efficiency technology
- 13.3.6. ASPINA Completes Expansion of Its Mexico Plant
- 13.3.7. Actasys enters into collaboration with Webasto, a tier one automotive supplier
- 13.3.8. New rooftop air conditioner from Webasto
- 13.3.9. Olympus joins the Cool Kids with acquisition of Omega
- 13.3.10. Hanon Systems expands Thermal Management production to support growth in electrified vehicles
- 13.3.11. Eberspacher presents bus and coach thermal management solutions at PRAWAAS 3.0
- 13.3.12. Motherson and Valeo sign a partnership to create the automotive interior of the future
- 13.3.13. Eberspaecher's AC Systems in Sao Paulo's Buses
- 13.3.14. Hisense buys stake in Sanden

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio