Automotive HVAC Market incredible growth in future | 2018 Key Players are Delphi Automotive, Valeo, Calsonic Kansei, Denso Corporation, Hanon Systems, Japan Climate Systems Corporation, Johnson Electric, Mahle, Sanden Holdings, Sensata Technologies

Market Overview:-

Global Automotive HVAC Market to exceed USD 23.19 billion by 2023; as per a new research report by Global Market Insights, Inc. The ecosystem comprises component suppliers, system suppliers, and automakers.

HVAC systems have become a standard feature across passenger cars; growing automotive industry is estimated to be a major growth driver. Increase in private vehicle demand and average time spent in cars is anticipated to boost automotive HVAC market size over the forecast period. According to the United States Department of Transportation (DoT), average daily distance traveled on urban highways in January 2015 showed a rise of 4.3% on yearly basis.

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Passenger cars application segment, contributing about 60% of the market share, is predicted to witness a noticeable growth in the next few years due to the rise in passenger vehicles demand, luxury automobiles business expansion, and good road infrastructure. Furthermore, growing electric vehicles trend is also expected to propel the application segment growth. Light commercial vehicles application segment is predicted to grow at a CAGR of 7.9% over the period of 2016-2023 owing to growing customer trend for these vehicles.

Top Key Players:-

• Air International Thermal Systems (AITS)
• Brose Fahrzeugteile GmbH & Co. KG
• Calsonic Kansei
• Delphi Automotive
• DelStar Technologies, Inc.
• Denso Corporation
• Engineered Plastic Components
• Hanon Systems
• Japan Climate Systems Corporation
• Johnson Electric
• Mahle
• Sanden Holdings Corporation
• Sensata Technologies
• Valeo SA

Regional Segmentations:-

The Asia Pacific automotive HVAC market share worth USD 5.3 billion in 2015, is anticipated to record a CAGR of 9% over the period of 2016-2023 driven by rising consumer preference for comfort, product differentiation and improvement in vehicle functionalities.

The Europe automotive HVAC market size is predicted to grow substantially over the coming years primarily due to factors like enhanced automobile production and favorable government norms.

The U.S. market is expected to record a CAGR of 7.9% over the period of 2016-2023 owing to rise in vehicle production along with large-scale use of premium vehicles.

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Major Points of Table Of Content:-

Chapter 1 Methodology and Scope

1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Automotive HVAC market 3600 synopsis, 2012 - 2023
Chapter 3 Automotive HVAC Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast
3.3 Ecosystem analysis
3.3.1 Vendor matrix
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.1.1 Growing automotive industry
3.4.1.2 Increased purchasing power
3.4.1.3 High penetration of HVAC systems
3.4.2 Industry pitfalls & challenges
3.4.2.1 Performance issues
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Company market share analysis, 2015
3.8 PESTEL analysis
3.9 Technology & innovation trends

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Automatic systems, contributing about 60% of the market share in 2015, is predicted to dominate the technology segment by growing at a rapid rate of 9.4% over the period of 2016-2023. Low fuel consumption coupled with a rise in comfort level of passengers are few of the factors projected to promote the segment growth over the coming few years.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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