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Automotive HVAC Market Is Expected To Experience A Massive Surge In Demand In The Forecast Period 2022-2031 | Denso Corporation, Air International Thermal Systems, Valeo, Hanon Systems, Calsonic Kansei Corporation
Automotive HVAC Market
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The global automotive HVAC market report by the business research company identifies the increasing demand for luxury vehicles is expected to propel the growth of the automotive HVAC market going forward. A luxury vehicle is defined as a vehicle equipped with better performance capabilities, lavish interiors, and all the latest safety and technology features. In high-end luxury vehicles, the automotive HVAC system is essential to deliver a thermally comfortable environment for every passenger as per their requirements.
The global automotive HVAC market size is expected to grow from $43.25 billion in 2021 to $46.48 billion in 2022 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The automotive HVAC market is expected to grow to $61.93 billion in 2026 at a CAGR of 7.4%.
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Asia-Pacific was the largest region in the automotive HVAC market in 2021. The regions covered in the automotive HVAC market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the automotive hvac market are Denso Corporation, Air International Thermal Systems, Valeo, Hanon Systems, Calsonic Kansei Corporation, Johnson Electric Holdings Ltd, Sanden Holdings Corporation, Sensata Technologies Inc., Marelli Corporation, OMEGA Environmental Technologies, Delphi Automotive, Visteon Corp., Trans/Air Manufacturing Corp., Toyota Industries Corporation, and Xiezhong International Holdings Limited.
The global automotive HVAC market is segmented -
1) By Component: Evaporator, Compressor, Condenser, Receiver/Drier, Expansion Device
2) By Technology: Manual, Automatic
3) By Vehicle Type: Passenger Cars, Commercial Vehicles, Light Commercial Vehicle, Heavy Commercial Vehicle
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The Automotive HVAC Market Report Contents Include
1. Executive Summary
2. Automotive HVAC Market Characteristics
3. Automotive HVAC Market Trends And Strategies
4. Automotive HVAC Market - Macro Economic Scenario
5. Automotive HVAC Market Size And Growth
....
26. Africa Automotive HVAC Market
27. Automotive HVAC Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive HVAC Market
29. Automotive HVAC Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the automotive HVAC market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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