Automotive HVAC Market worth $52.53 billion by 2030, growing at a CAGR of 7.56% - Exclusive Report by 360iResearch

The "Automotive HVAC Market by Component (Compressor, Expansion Device, Heat Exchanging Equipment), Technology (Automatic HVAC System, Manual HVAC System), Vehicle, Distribution Channel - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Automotive HVAC Market to grow from USD 31.52 billion in 2023 to USD 52.53 billion by 2030, at a CAGR of 7.56%.

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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.

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.

Market Segmentation & Coverage:

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

Based on Component, market is studied across Compressor, Expansion Device, Heat Exchanging Equipment, and Receiver/Drier. The Heat Exchanging Equipment commanded largest market share of 30.92% in 2023, followed by Compressor.

Based on Technology, market is studied across Automatic HVAC System and Manual HVAC System. The Manual HVAC System commanded largest market share of 54.03% in 2023, followed by Automatic HVAC System.

Based on Vehicle, market is studied across Heavy Commercial Vehicle, Light Commercial Vehicle, and Passenger Car. The Passenger Car commanded largest market share of 40.13% in 2023, followed by Heavy Commercial Vehicle.

Based on Distribution Channel, market is studied across Aftermarket and OEM. The OEM commanded largest market share of 68.65% in 2023, followed by Aftermarket.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.95% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Automotive HVAC Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive HVAC Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

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, Eberspächer 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.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive HVAC Market, by Component
7. Automotive HVAC Market, by Technology
8. Automotive HVAC Market, by Vehicle
9. Automotive HVAC Market, by Distribution Channel
10. Americas Automotive HVAC Market
11. Asia-Pacific Automotive HVAC Market
12. Europe, Middle East & Africa Automotive HVAC Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Automotive HVAC Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive HVAC Market?
3. What is the competitive strategic window for opportunities in the Automotive HVAC Market?
4. What are the technology trends and regulatory frameworks in the Automotive HVAC Market?
5. What is the market share of the leading vendors in the Automotive HVAC Market?
6. What modes and strategic moves are considered suitable for entering the Automotive HVAC Market?

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