Automotive HVAC Market - Global Industry Analysis

Automotive HVAC Market Technology (Manual, Automatic), Component (Evaporator, Compressor, Condenser, Receiver/Drier, and Expansion Device), Vehicle Type (Passenger Cars, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV)): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 07-Oct-2020 Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-203 Status : Published

According to the report published by Zion Market Research, global demand for automotive HVAC market was valued at approximately USD 17.20 Billion in 2019, and is expected to generate revenue of around USD 28.54 Billion by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.

Description

According to the report published by Zion Market Research, global demand for automotive HVAC market was valued at approximately USD 17.20 Billion in 2019, and is expected to generate revenue of around USD 28.54 Billion by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.

Global Automotive HVAC Market: Overview

HVAC is a heating, ventilation, and air conditioning technology that is used to maintain pleasant environmental temperature inside the vehicle. The process of exchange and circulation of fresh air within a space is known as ventilation. Air conditioning is a process shifting air in order to make indoor air more comfortable. The major advantage of automotive HVAC system is that it provides the high level of comfort inside the vehicle for longer duration.  Previously, the use of HVAC automotive systems was a luxury, and not all cars were equipped with HVAC. However, it has now a mandatory feature in most of the vehicle because of the fundamental automotive safety and comfort requirements that are internationally recognised.

Global Automotive HVAC Market: Growth Factors

Factors such as increasing income level and rising middle-class population are expected to boost market growth in future. Also, growing demand in automotive sector is stimulating the market size of automotive HVAC. In addition, the automotive HVAC market is witnessing high demand owing to automatic temperature control feature. Automotive HVAC system utilizes refrigerants which reduce concerns regarding safety; this, in turn, is anticipated to increase demand in the forthcoming years. The use of polluting refrigerants, to some extent, in the automatic HVAC market poses challenges to the thermal system. Furthermore, implementation of geothermal pumps is expected to boost the global market growth in coming years.

Global Automotive HVAC Market: Segmentation

On the basis of technology, the global automotive HVAC market is segmented as manual HVAC system and automatic HVAC system. The automatic HVAC system dominates the market owing to increasing adoption of technology by the customers. Based on the components, the global market is segmented as receiver, compressor, and expansion device. The compressor market is estimated to be the fastest growing segment over the next six years. The compressors generate the flow of refrigerants and remove latent heat. Manufacturers are focusing on upgrading their product offering to meet the rising energy standards and low GWP coolant requirements, expanding the market size of the industry. Further, the global automatic HVAC market is segmented on the basis of vehicle type as the passenger vehicle, commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment is influencing the market owing to increase in production of passenger vehicles.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Automotive HVAC Market: Regional Analysis

Asia Pacific has accounted the major hunk of the global market share of the automotive HVAC industry. It is due to increase in the number of vehicle production in developing countries such as India, and China. In addition, growing government support to the auto industry impacts the global market in a positive way. Moreover, North America and Europe are expected to grow at the fastest pace owing to the improving macroeconomic and production capacity.

Global Automotive HVAC Market: Competitive Players

Some main participants of the global automotive HVAC market are Johnson Electric, Air International Thermal Systems, Valeo SA, Visteon Corporation, Brose GmbH & Co., Keihin Corporation, and Toyota Industries Corporation., Delphi Automotive LLP, Denso Corporation, Xiezhong International Holdings Limited, Sanden Corporation, Calsonic Kansei Corporation, Japan Climate Systems Corporation, and Gentherm Inc. among others.

Automotive HVAC Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodology
    • 2.1.Research Methodology
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Automotive HVAC Market, 2016 – 2026 (USD Million)
    • 3.2.Global Automotive HVAC Market: Snapshot
  • Chapter 4.Automotive HVAC Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for Automotive HVAC
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technology Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Automotive HVAC Market Attractiveness, By Technology
    • 5.2.Global Automotive HVAC Market Attractiveness, By Component
    • 5.3.Global Automotive HVAC Market Attractiveness, By Vehicle Type
    • 5.4.Global Automotive HVAC Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Automotive HVAC Market: Company Market Share, 2019
    • 6.2.Strategic Developments
  • Chapter 7.Automotive HVAC Market – Technology Analysis
    • 7.1.Global Automotive HVAC Market Overview: by Technology
      • 7.1.1.Global Automotive HVAC Market Revenue Share, by Technology, 2019 & 2026
    • 7.2.Global Automotive HVAC Market Analysis/Overview – By Technology
      • 7.2.1.Manual – Overview/Analysis
      • 7.2.2.Automatic – Overview/Analysis
    • 7.3.Manual
      • 7.3.1.Global Automotive HVAC Market for Manual, Revenue (USD Million) 2016 - 2026
    • 7.4.Automatic
      • 7.4.1.Global Automotive HVAC Market for Automatic, Revenue (USD Million) 2016 - 2026
  • Chapter 10.Automotive HVAC Market – Component Analysis
    • 8.1.Global Automotive HVAC Market Overview: by Component
      • 8.1.1.Global Automotive HVAC Market Revenue Share, by Component, 2019 & 2026
    • 8.2.Global Automotive HVAC Market Analysis/Overview – By Component
      • 8.2.1.Evaporator – Overview/Analysis
      • 8.2.2.Compressor – Overview/Analysis
      • 8.2.3.Condenser – Overview/Analysis
      • 8.2.4.Receiver/Drier – Overview/Analysis
      • 8.2.5.Expansion Device – Overview/Analysis
    • 8.3.Evaporator
      • 8.3.1.Global Automotive HVAC Market for Evaporator, Revenue (USD Million) 2016 - 2026
    • 8.4.Compressor
      • 8.4.1.Global Automotive HVAC Market for Compressor, Revenue (USD Million) 2016 - 2026
    • 8.5.Condenser
      • 8.5.1.Global Automotive HVAC Market for Condenser, Revenue (USD Million) 2016 - 2026
    • 8.6.Receiver/Drier
      • 8.6.1.Global Automotive HVAC Market for Receiver/Drier, Revenue (USD Million) 2016 - 2026
    • 8.7.Expansion Device
      • 8.7.1.Global Automotive HVAC Market for Expansion Device, Revenue (USD Million) 2016 - 2026
  • Chapter 9.Automotive HVAC Market – Vehicle Type Analysis
    • 9.1.Global Automotive HVAC Market Overview: by Vehicle Type
      • 9.1.1.Global Automotive HVAC Market Revenue Share, by Vehicle Type, 2019 & 2026
    • 9.2.Global Automotive HVAC Market Analysis/Overview – By Vehicle Type
      • 9.2.1.Passenger Cars – Overview/Analysis
      • 9.2.2.Light Commercial Vehicle (LCV) – Overview/Analysis
      • 9.2.3.Heavy Commercial Vehicle (HCV) – Overview/Analysis
    • 9.3.Passenger Cars
      • 9.3.1.Global Automotive HVAC Market for Passenger Cars, Revenue (USD Million) 2016 - 2026
    • 9.4.Light Commercial Vehicle (LCV)
      • 9.4.1.Global Automotive HVAC Market for Light Commercial Vehicle (LCV), Revenue (USD Million) 2016 - 2026
    • 9.5.Heavy Commercial Vehicle (HCV)
      • 9.5.1.Global Automotive HVAC Market for Heavy Commercial Vehicle (HCV), Revenue (USD Million) 2016 - 2026
  • Chapter 10.Automotive HVAC Market – Regional Analysis
    • 10.1.Global Automotive HVAC Market: Regional Overview
      • 10.1.1.Global Automotive HVAC Market Revenue Share, by Region, 2019 & 2026
      • 10.1.2.Global Automotive HVAC Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 10.2.North America
      • 10.2.1.North America Automotive HVAC Market Revenue, 2016 - 2026 (USD Million)
      • 10.2.2.North America Automotive HVAC Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.2.3.North America Automotive HVAC Market Revenue, by Technology, 2016 – 2026
      • 10.2.4.North America Automotive HVAC Market Revenue, by Component, 2016 – 2026
      • 10.2.5.North America Automotive HVAC Market Revenue, by Vehicle Type, 2016 – 2026
      • 10.2.6. U.S.
      • 10.2.7.Canada
    • 10.3.Europe
      • 10.3.1.Europe Automotive HVAC Market Revenue, 2016 - 2026 (USD Million)
      • 10.3.2.Europe Automotive HVAC Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.3.3.Europe Automotive HVAC Market Revenue, by Technology, 2016 – 2026
      • 10.3.4.Europe Automotive HVAC Market Revenue, by Component, 2016 – 2026
      • 10.3.5.Europe Automotive HVAC Market Revenue, by Vehicle Type, 2016 – 2026
      • 10.3.6.Germany
      • 10.3.7.France
      • 10.3.8. U.K.
      • 10.3.9.Italy
      • 10.3.10.Spain
      • 10.3.11.Rest of Europe
    • 10.4.Asia Pacific
      • 10.4.1.Asia Pacific Automotive HVAC Market Revenue, 2016 - 2026 (USD Million)
      • 10.4.2.Asia Pacific Automotive HVAC Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.4.3.Asia Pacific Automotive HVAC Market Revenue, by Technology, 2016 – 2026
      • 10.4.4.Asia Pacific Automotive HVAC Market Revenue, by Component, 2016 – 2026
      • 10.4.5.Asia Pacific Automotive HVAC Market Revenue, by Vehicle Type, 2016 – 2026
      • 10.4.6.China
      • 10.4.7.Japan
      • 10.4.8.India
      • 10.4.9.South Korea
      • 10.4.10.South-East Asia
      • 10.4.11.Rest of Asia Pacific
    • 10.5.Latin America
      • 10.5.1.Latin America Automotive HVAC Market Revenue, 2016 - 2026 (USD Million)
      • 10.5.2.Latin America Automotive HVAC Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.5.3.Latin America Automotive HVAC Market Revenue, by Technology, 2016 – 2026
      • 10.5.4.Latin America Automotive HVAC Market Revenue, by Component, 2016 – 2026
      • 10.5.5.Latin America Automotive HVAC Market Revenue, by Vehicle Type, 2016 – 2026
      • 10.5.6.Brazil
      • 10.5.7.Mexico
      • 10.5.8.Rest of Latin America
    • 10.6.The Middle-East and Africa
      • 10.6.1.The Middle-East and Africa Automotive HVAC Market Revenue, 2016 - 2026 (USD Million)
      • 10.6.2.The Middle-East and Africa Automotive HVAC Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.6.3.The Middle-East and Africa Automotive HVAC Market Revenue, by Technology, 2016 – 2026
      • 10.6.4.The Middle-East and Africa Automotive HVAC Market Revenue, by Component, 2016 – 2026
      • 10.6.5.The Middle-East and Africa Automotive HVAC Market Revenue, by Vehicle Type, 2016 – 2026
      • 10.6.6.GCC Countries
      • 10.6.7.South Africa
      • 10.6.8.Rest of Middle-East Africa
  • Chapter 11.Company Profiles
    • 11.1.Johnson Electric
      • 11.1.1.Company Overview
      • 11.1.2.Financial Overview
      • 11.1.3.Product Portfolio
      • 11.1.4.Business Strategy
      • 11.1.5.Recent Developments
    • 11.2.Air International Thermal Systems
    • 11.3.Valeo SA
    • 11.4.Visteon Corporation
    • 11.5.Brose GmbH & Co.
    • 11.6.Keihin Corporation
    • 11.7.Toyota Industries Corporation.
    • 11.8.Delphi Automotive LLP
    • 11.9.Denso Corporation
    • 11.1.Xiezhong International Huldings Limited
    • 11.11.Sanden Corporation
    • 11.12.Calsonic Kansei Corporation
    • 11.13.Japan Climate Systems Corporation
    • 11.14.Gentherm Inc.

Methodology


Frequently Asked Questions

Growing demand for automotive along with the increasing demand for thermal comfort is significantly influencing the global automotive HVAC market.

According to Zion Market Research, global demand for automotive HVAC market is expected to generate revenue of around USD 28.54 Billion by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.

Asia Pacific has accounted the major hunk of the global market share of the automotive HVAC industry. It is due to increase in the number of vehicle production in developing countries such as India, and China.

Some main participants of the Automotive HVAC market are Johnson Electric, Air International Thermal Systems, Valeo SA, Visteon Corporation, Brose GmbH & Co., Keihin Corporation, and Toyota Industries Corporation. Other key players influencing the global market are Delphi Automotive LLP, Denso Corporation, Xiezhong International Holdings Limited, Sanden Corporation, Calsonic Kansei Corporation, Japan Climate Systems Corporation, and Gentherm Inc. among others.

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