Automotive HVAC System Market Is Expected to Reach $22.8 Billion, Globally by 2022

Automotive HVAC System Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $22.8 billion, registering a CAGR of 8.9% during the forecast period 2016-2022. Asia-Pacific is expected to dominate the market throughout the analysis period, growing at the highest CAGR of 10.2% during the forecast period. Factors such as automatic climate control feature, adoption of eco-friendly refrigerant and use of geothermal heat pumps have resulted in the overall increase in demand for automotive HVAC systems. However, high maintenance cost and low fuel economy are likely to affect the market growth.

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On the basis of vehicle type, passenger cars generated higher revenue in comparison to commercial vehicles, accounting for over 67% of the market revenue in 2015. Automakers tend to provide passenger cars and commercial vehicles with faster cooling and fuel efficient HVAC systems. As per European Union regulations, all the vehicles in Europe should have HVAC systems with non-polluting refrigerants, with a GWP (global warming potential) lesser than 150, effective from January 2017.

Automotive HVAC systems can be operated manually or automatically. Automatic HVAC system dominated the market in 2015, contributing around 59% of the total revenue. Automatic climate control system inside the vehicle cabin is to be set for once and the HVAC system adjusts the temperature automatically depending on the outside temperature of the vehicle. Such factors would drive the adoption of automatic HVAC system, particularly in passenger cars.

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Based on geography, Asia-Pacific was the highest revenue-generating region, accounting for over 46% share in 2015, in terms of revenue, owing to high vehicle production in China, Japan, South Korea, and India. Asia-Pacific is estimated to dominate the market witnessing a CAGR of 10.2% during the forecast period, owing to increasing adoption of eco-friendly refrigerants and large-scale production of commercial and passenger vehicles.

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Leading players in the automotive HVAC system market have adopted strategies such as collaborations, product launches, and acquisitions to expand their market presence. Key players include Sensata Technologies, Inc., Calsonic Kansei Corporation, Denso Corporation Hanon Systems, Johnson Electric Holdings Ltd, Sanden Holdings Corporation, Valeo, Japan Climate Systems Corporation, Keihin Corporation and Mahle GmbH.

Key Benefits:

• The report includes an in-depth analysis of the world automotive HVAC system market, including current trends, drivers, restraints, and growth opportunities.
• Porter’s Five Forces model illustrates the potency of buyers and sellers, which is expected to help market players to adopt effective strategies.
• Value chain analysis provides a clear understanding of the key intermediaries involved and their respective roles at every stage.
• Key market players are profiled to provide an understanding of the strategies adopted by them.
• Quantitative analysis of current market trends and future estimations for 2016-2022 are provided to indicate the financial competency.

Table of Contents:

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Market segmentation
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.2.3 Top winning strategies

3.3 Porters five forces analysis

3.3.1 Moderate threat of backward integration and availability of raw materials lead to moderate bargaining power of suppliers
3.3.2 Low switching cost and possibility of backward integration lead to high bargaining power of buyers
3.3.3 Unavailability of substitute products results in low threat of substitution
3.3.4 Presence of global market players and moderate product differentiation result in moderate competitive rivalry
3.3.5 High capital investment and stringent government regulations minimize the threat of new entrants

3.4 Value chain analysis
3.5 Market share analysis, 2015
3.6 HVAC components- an overview

3.6.1 Evaporator
3.6.2 Condenser
3.6.3 Accumulator
3.6.4 Compressor
3.6.5 Receiver-drier
3.6.6 Expansion valve
3.6.7 Others (heating core, equipment fan, orifice tube)

3.7 Market dynamics

3.7.1 Drivers

3.7.1.1 Automatic temperature control system
3.7.1.2 Use of eco-friendly refrigerants
3.7.1.3 Increase in safety
3.7.1.4 Demand for thermal comfort

3.7.2 Restraints

3.7.2.1 Use of r134a refrigerant

3.7.3 Opportunities

3.7.3.1 Use of environment friendly refrigerants
3.7.3.2 Adoption of geo-thermal heat pumps

Chapter: 4 WORLD AUTOMOTIVE HVAC SYSTEM MARKET BY TECHNOLOGY

4.1 Overview
4.2 Manual

4.2.1 Key trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast

4.3 Automatic

4.3.1 Key trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast

Chapter: 5 WORLD AUTOMOTIVE HVAC SYSTEM MARKET BY VEHICLE TYPE

5.1 Overview
5.2 Cars

5.2.1 Key trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast

5.3 Commercial vehicle

5.3.1 Market size and forecast
5.3.2 Light commercial vehicle (LCV)

5.3.2.1 Key trends
5.3.2.2 Key growth factors and opportunities
5.3.2.3 Market size and forecast

5.3.3 Heavy commercial vehicle (HCV)

5.3.3.1 Key trends
5.3.3.2 Key growth factors and opportunities
5.3.3.3 Market size and forecast

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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