Automotive HVAC Demand in Japan is Expected to Reach a CAGR of Approximately 8.9% by 2032

The automotive HVAC market was valued at US$ 43.38 Billion in 2022, and it is expected to reach a value of US$ 68.2 Billion by 2032, registering a CAGR of 4.6% during the forecast period (2022-2032).

Download Sample Copy of This Report:

https://www.factmr.com/connectus/sample?flag=S&rep_id=2484

The automotive goods and supply chain market were drastically impacted by the pandemic. Travel restrictions and lockdowns resulted in a slowdown in the demand and sales of passenger vehicles, which directly affected the HVAC market.

The need for passenger cars is boosting Japan's automotive HVAC market

The growth of the automotive HVAC (Heating, Ventilation, and Air Conditioning) market in Japan is closely tied to the increasing demand for passenger vehicles in the country. Japan has a strong automotive industry, with a significant domestic market for cars. The rising disposable income, improving living standards, and a growing population of middle-class consumers have fueled the demand for passenger vehicles in Japan. As a result, automakers are producing more vehicles to meet this demand, which directly translates into a higher demand for automotive HVAC systems.

Passenger comfort and convenience have become key priorities for car buyers in Japan, and automotive HVAC systems play a crucial role in enhancing the overall driving experience. Japan experiences a wide range of weather conditions, from hot and humid summers to cold winters. Automotive HVAC systems ensure that passengers can maintain a comfortable temperature inside the vehicle regardless of the weather outside. The increasing awareness and importance of climate control features in cars have led to a surge in the adoption of advanced automotive HVAC systems, contributing to the growth of the market in Japan.

Get Customization on this Report for Specific Research Solutions:

https://www.factmr.com/connectus/sample?flag=RC&rep_id=2484

Market Competition

Vendors and contractors in the automotive HVAC market are concentrating on launching new products with advanced features to gain a competitive edge in the market, also the vendors are highly focused on strategies of mergers and collaborations.

• In 2015, Mahle Group acquired Delphi Automotive's thermal business to expand its market penetration and product offering. Delphi Automotive was recognized as top five industry players and this acquisition has poised to give a competitive edge to Mahle Group over other competitors.

Key Companies Profiled:

• Sensata Technologies
• The Keihin Corporation
• Calsonic Kansei Corporation
• Sanden Corporation
• Valeo
• Denso Corporation
• Hanon Systems
• MAHLE GmbH
• Johnson Electric Holdings Limited
• Japan Climate Systems Corporation

For in-depth competitive analysis, Buy Now:

https://www.factmr.com/checkout/2484

Key Segments Profiled in the Report

• By Type :

o Passenger Cars
o Light Commercial Vehicle (LCV)
o Heavy Commercial Vehicles (HCV)

• By Technology :

o Manual
o Automatic

• By Component :

o Evaporator
o Compressor
o Condenser
o Receiver/Drier
o Expansion Device

Key Questions Covered in the Automotive HVAC Market Report:

• What is the projected value of the Automotive HVAC factors Industry in 2022?
• At what rate will the global Automotive HVAC factors market size grow until 2032?
• Which are the factors hampering the growth of Automotive HVAC factors?
• Which region is expected to lead in the global Automotive HVAC factors market by 2032?
• Which are the factors driving the Automotive HVAC factors Industry during the forecast period?
• What is the expected market value of the Automotive HVAC factors market during the forecast period?

Regional Analysis for Automotive HVAC Market:

• APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (USA, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of industry research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.