Asia-Pacific Bus HVAC Market Anticipates Substantial Growth, Projected to Reach $2,308.8 million by 2031

Asia-Pacific Bus HVAC Market by Type (Automatic, and Manual), by Vehicle Type (Intercity Buses, Coach Buses, School Buses and Transit Buses), by Sales channel (OEM, and Aftermarket), and by Input (Engine Powered HVAC, and Electric Powered HVAC): Opportunity Analysis and Industry Forecast, 2022-2032. According to the report, The Asia-Pacific bus HVAC market size was valued at $1,332.1 million in 2021, and is projected to reach $2,308.8 million by 2031, registering a CAGR of 5.7%.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/A22827

The Asia-Pacific bus HVAC (heating, ventilation, and air conditioning) market refers to the market for HVAC systems installed in buses in the Asia-Pacific region. The demand for bus HVAC systems in the Asia-Pacific region is driven by several factors, including the surge in urbanization and increase in need for public transportation, which has led to an increase in the number of buses on the roads. The market is also driven by technological advancements in HVAC systems, which have made them more efficient, cost-effective, and environment friendly. The adoption of advanced materials, such as lightweight materials and advanced refrigerants, has also contributed to the growth of the market.

Based on type, the manual segment held the highest market share in 2021, accounting for nearly three- fourths of the Asia-Pacific bus HVAC market revenue and is estimated to maintain its leadership status throughout the forecast period, as manual HVAC systems are reliable and efficient. Owners of bus prefer using cost-effective technology to increase and maintain the comfort of the drivers and passengers travelling by bus. Several bus manufacturers like Tata, Isuzu and others having an operation in Asian-Pacific countries offers buses with manual HVAC systems. However, the Automatic segment is projected to manifest the highest CAGR of 6.6% from 2022 to 2031, owning to rules aimed at improving driver comfort in cabins are boosting the incorporation of HVAC systems in vehicles.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/asia-pacific-bus-hvac-market/purchase-options

For instance, in April 2021, Japanese bus manufacturer Hino Motors announced that it developed a new air conditioning system for its hybrid buses that uses a natural refrigerant called R1234ze, which has a very low global warming potential. The system was developed in collaboration with Denso Corporation and Nihon Thermal Consulting Co., Ltd. Moreover, the fluctuating price of raw materials used in making bus HVAC systems and adverse effect of HVAC systems on a range of automobiles are the challenging factors for the growth of the Asia-Pacific bus HVAC market.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐙𝐡𝐞𝐧𝐠𝐳𝐡𝐨𝐮 𝐆𝐮𝐜𝐡𝐞𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐂𝐨., 𝐋𝐭𝐝., 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐜𝐢𝐨𝐧𝐚𝐥 𝐇𝐢𝐬𝐩𝐚𝐜𝐨𝐥𝐝, 𝐒.𝐀., 𝐓𝐫𝐚𝐧𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐏𝐥𝐜, 𝐌𝐨𝐛𝐢𝐥𝐞 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐂𝐨𝐧𝐭𝐫𝐨𝐥, 𝐈𝐧𝐜., 𝐌𝐀𝐇𝐋𝐄 𝐆𝐦𝐛𝐇, 𝐊𝐨𝐧𝐯𝐞𝐤𝐭𝐚 𝐀𝐆, 𝐕𝐚𝐥𝐞𝐨, 𝐃𝐞𝐧𝐬𝐨 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐖𝐞𝐛𝐚𝐬𝐭𝐨 𝐆𝐫𝐨𝐮𝐩, 𝐄𝐛𝐞𝐫𝐬𝐩𝐚𝐜𝐡𝐞𝐫 𝐆𝐫𝐮𝐩𝐩𝐞 𝐆𝐦𝐛𝐇 & 𝐂𝐨. 𝐊𝐆

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Based on country, rest of the Asia-Pacific is expected to held the highest market share in terms of revenue in 2021, accounting for four-fifth of the Asia-Pacific bus HVAC market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the tax regulation and construct fuel economy standard in the countries. However, India is expected to portray the largest CAGR of 14.6% from 2022 to 2031 and is projected to maintain its lead position during the forecast period, owing to the adoption of advanced vehicles and fuel technology which is expected to boost the other demand for the HVAC market in the country.

Based on sales channel, the OEM segment accounted for the largest share in 2021, contributing for more than four-fifth of the Asia-Pacific bus HVAC market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the surge in need for enhanced cabin comfort in the commercial industry has resulted in an increase in HVAC. Furthermore, government initiatives to improve the safety of commercial vehicles are expected to promote the growth of the OEM bus HVAC market during the predicted period.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A22827

By type, the market is categorized into automatic and manual. The manual segment garnered the highest market share in 2021 and is projected to lead the market within the forecast timeframe. By vehicle type, the Asia-Pacific bus HVAC market is categorized as intercity buses, coach buses, school buses, and transit buses. Among these segments coach buses segment captured the significant market share as compared to other segments. By sales channel, the market is categorized as original equipment manufacturer, and aftermarket. The original equipment manufacturer segment dominated in the sales channel segment garnered the highest market share in 2021 and is projected to lead the market within the forecast timeframe.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By type, the manual segment leads the market during the forecast period.

By vehicle type, the school buses segment leads the market during the forecast period.

By sales channel, the original equipment manufacturer segment is expected to grow at a lucrative growth rate during the forecast period (2022-2031).

By input, the engine powered HVAC segment leads the market during the forecast period.

India is anticipated to exhibit the highest CAGR during the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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