Press release
Global Automotive HVAC Market Size is Expected To Grow to $72.51 Billion at a CAGR of 8.8%. By 2027 | Denso Corporation, Valeo, Hanon Systems, Marelli Corporation, Delphi Automotive
Automotive HVAC Market
The Business Research Company's Automotive HVAC Global Market Report 2023 identifies the increase in number of trauma cases and accidental injuries is contributing to the growth of the 3D orthopedics/prosthetics market. The use of artificial limbs (prostheses) to improve the function and lifestyle of people who have lost limbs is known as orthopedic prosthetics.
The global automotive hvac market size grew from $47.23 billion in 2022 to $51.69 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. 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, causing inflation across goods and services, and affecting many markets across the globe. The automotive hvac market size is expected to grow to $72.51 billion in 2027 at a CAGR of 8.8%.
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Major competitors 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.
Product innovations are a key trend gaining popularity in the automotive HVAC market. Major market players are concentrating their efforts on creating innovative products with advanced technologies such as the introduction of automatic climate control that controls the temperature of the car; using green technologies to develop eco-friendly and energy-efficient automotive HVAC systems; and the adoption of eco-friendly refrigerants, among others.
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The Automotive HVAC market is segmented -
• By Component: Evaporator, Compressor, Condenser, Receiver/Drier, Expansion Device
• By Technology: Manual, Automatic
• By Vehicle Type: Passenger Cars, Commercial Vehicles, Light Commercial Vehicle, Heavy Commercial Vehicle
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive HVAC market.
The Business Research Company's "Global Automotive HVAC Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive HVAC Market 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
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