Automotive HVAC Market 2019 Global Industry Growing At 9% CGAR from 2019 to 2023

Automotive HVAC Market 2019 Global Industry Analysis By Size, Emerging Technologies, Growth Factors, Types, Share, Opportunities, Key Country, Region, And Competitive Forecast To 2023. Global Automotive HVAC Market by by Technology (Manual and Automatic), by Component (Evaporator, Compressor, Condenser, Receiver/Drier and Expansion Device), by Vehicle Type (Passenger Cars, LCV, and HCV) and regions - Forecast till 2023.

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Automotive Fuel Tank Market Highlights:

Geographically, the automotive HVAC market is segmented into North America, Asia Pacific, Europe, and Rest-of-the-World. The Asia Pacific market is projected to experience high growth thanks to healthy growing economies of India and China. Japan has the upper hand in the Asia Pacific market in terms of automotive innovation. Large sales of automobiles are manufactured in this region due to increasing demand for passenger vehicles, large population, growing per capita income of the middle class, and steadily improving standard of living. Along with extreme humidity, the temperature in this region is quite high, which demands the use of HVAC systems for a pleasurable driving experience. Furthermore, growing government support to the automotive industry can be a plus for the market in the coming years.

There are several factors responsible for the growth of the global automotive HVAC market. Firstly, there is an increasing demand for thermal systems and automatic climate control features in the automobiles. Secondly, people travel in their personal automobiles for long distances in the urban sector, and hence the need for HVAC is higher. Thirdly, due to the global warming and climate change, global temperatures are rising, which leads to greater demand for ambient temperatures inside the automobile. Additionally, the awareness regarding the use of environment friendly refrigerants and automotive coolants in HVAC system leads to the demand for advanced and technically evolved HVAC systems, thus increasing their sales. All these reasons, justify the consistent expected growth of the global automotive HVAC market, which is expected to expand at a 9% CAGR (2018 to 2023).

Tesla has applied for an international patent for a gesture-controlled HVAC system that made for an upcoming Model S and Model X refresh. A similar HVAC control system was developed by Tesla in its compact electric sedan, the Model 3. This HVAC system allows passengers to customize the airflow within the vehicle according to passenger preferences. Tesla’s air vent system requires less hardware and thus minimizes the need for multiple suppliers. Using a simpler design, Tesla’s thinner HVAC system can efficiently utilize space in the dashboard, and provide a much more expansive interior feel. Such a system would provide drivers better road visibility.

Automotive Fuel Tank Market Report Table Of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter's Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued...

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