Automotive Air Conditioning Market Analysis From 2018 To 2023: Industry Share, Size, Growth Factors, Trends, Competitive Analysis, And Regional Forecast

Automotive Air Conditioning Market 2018 - Global Forecast to 2023 research report published by “MarketResearchFuture,” Global Automotive Air Conditioning Market is growing at rapid pace over the forecast period of 2018 to 2023. Automotive Air Conditioning Market growth is boosted by factors such as surge in demand for passenger and commercial vehicles, change in consumer preferences, and government initiatives to develop advanced air conditioning systems. There has been an increase in the production of passenger and commercial vehicles over the past years in countries such as China, India, and Japan. The increase in production is majorly due to the availability of low-cost labor, which attract many automakers to set up their base in countries such as India, China, and Japan.

Market Highlights:

Automotive Air Conditioning Market Key Companies Analyzed for this research report are:

Denso Corporation (Japan), Hanon Systems (South Korea), Mitsubishi Heavy Industries Ltd (Japan), and MAHLE GmbH (Germany). Valeo SA (France), Keihin Corporation (Japan), Calsonic Kansei Corporation (Japan), Samvardhana Motherson Group (India), Subros Limited (India), and SMAC Auto Air (New Zealand) are among others.

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According to OICA, the sales of new vehicles have increased from 2013 to 2016. In 2013, the number of vehicles sold were 85.6 million while in 2016, it was 93.8 million. The increase in sales of new vehicle will result in higher installation of air conditioning in the vehicles, which will drive the market. The gradual change in the consumer preference has played a major role in the growth of automotive air conditioning market. Over time, the stabilization of socio-economic conditions of individuals has led to gradually increasing disposable income. With the increase in the disposable income, consumers will move towards buying of advanced air conditioning system.

Automotive air conditioning is the process of removing heat from the interior of the vehicle, to improve the comfort of the occupants. Air conditioning, primarily, uses integrated heating, ventilation, and air conditioning (HVAC) system in vehicles. Nowadays, most vehicles are equipped with such air conditioning systems, either manually or automatically. The manual air conditioning consists of knobs and dials that allow the user to control the amount of airflow the unit will generate. There are basically three types of settings such as low, medium and high. The user has to turn on the system; then select the desired amount of airflow and temperature required. Automatic air conditioning system allows to set the desired temperature automatically. The system consists of a thermostat, which detects and monitors the temperature and signals the system to pump air until the desired temperature is not reached.

Automotive Air Conditioning Regional Market Analysis:

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market during the forecast period due to increasing population, rapid industrialization, and aggressive expansion of manufacturing sector. The automakers are moving towards technology-driven components, which will require less efforts by the consumer to operate. The development of technology-driven vehicles will result in increased adoption of automatic air conditioning in the vehicles. The increased adoption will drive the growth of the market in future. North America is expected to be the second largest market to grow during the forecast period.

Market Segmentation:

Global Automotive Air Conditioning Market is segmented by Technology (Manual and Automatic), Component (Compressor, Evaporator, Receiver and Condenser), Vehicle type (Passenger Car and Commercial Vehicle), and Regions.

Scope of the Report:

This study provides an overview of the global Automotive Air Conditioning market, tracking four market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

The report for Global Automotive Surround View System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Major Table of Content:

1 Introduction

1.1 Definition

1.2 Scope Of Study

1.3 Research Objective

1.4 Assumptions & Limitations

1.5 Market Structure:

2 Research Vehicle Typeology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

3 Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

3.5 Macroeconomic Indicators

4 Market Factor Analysis

4.1 Porter’s Five Forces Model

4.1.1 Bargaining Power of Suppliers

4.1.2 Bargaining Power of Customer

4.1.3 Intensity of Competitor

4.1.4 Threat of New Entrants

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