Automotive HVAC Market | Industry Chief Vendors Brose Group, Delphi, Denso, Johnson Electric, MAHLE, Sensata Technologies, Valeo
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Air International Thermal Systems
2. Brose Group
3. Calsonic Kansei Corporation
5. Delstar Engineering
6. Denso Corporation
7. Engineered Plastic Components
8. Hanon Systems
9. Japan Climate Systems Corporation
10. Johnson Electric
12. Sanden International
13. Sensata Technologies
14. Valeo SA
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Incorrect adjustment of the HVAC controls results in decreased fuel efficiency, which may restrain growth. Low demand across the LCV and HCV segments as compared to passenger cars may limit industry potential.
Manually adjusted systems are expected to lose share to the automatic car HVAC market segment. The industry has witnessed a shift towards these systems, and product development includes fully automatic dual zone solutions for front and rear passengers as well.
Steady consumer demand for high comfort level, increasing functionality in vehicles, as well as efforts to enable product differentiation will be responsible for Asia Pacific automotive HVAC market growth. EV and HEV manufacturers have adopted small lightweight compressor technology in order to reduce power consumption.
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Localized/spot systems provide energy saving and better customer experience; however, cost may act as a challenge to adoption. Automotive HVAC market share is consolidated in nature; key companies include Denso, Hanon Systems, Mahle Group, and Valeo.
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