Press release
Automotive Hvac Market: Top Global Companies, Business Insights, Opportunities, Regional Overview, Strategies, and Size Forecast Until 2034
The automotive HVAC market size was valued at USD 60.01 billion in 2023. It is projected to grow to USD 105.05 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.4% from 2024 to 2032.๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
Automotive heating, ventilation, and air conditioning (HVAC) pertains to the system in cars intended to manage the temperature, air quality, and comfort within the cabin. It consists of elements such as the air conditioning unit, heater, fans, and ventilation shafts. HVAC systems control air movement, temperature, and moisture levels to guarantee passenger comfort in any weather. Contemporary systems can also have functions such as climate management, air purification, and defrosting to enhance the overall driving experience and vehicle efficiency.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/automotive-hvac-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
A rise in automobile manufacturing will boost the expansion of the automotive HVAC market. With the increasing demand for vehicles worldwide, especially in developing markets, car manufacturers are progressively integrating advanced HVAC systems into their automobiles to enhance the comfort of drivers and passengers.
The increase in R&D funding for creating advanced tech components for cars, along with a growing demand for luxury vehicles equipped with advanced HVAC systems, is a significant factor promoting growth prospects for the automotive HVAC market.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
As the market expands, competition is expected to increase with the involvement of numerous businesses. Here is the list of the leading companies operating in the market:
Air International Thermal Systems
Brose Fahrzeugteile GmbH & Co. Kg
Delphi Automotive Plc
Johnson Electric Holdings Ltd.
Mahle Behr GmbH
Sanden Corporation
Sensata Technologies, Inc.
Valeo S.A.
Visteon Corporation
Xiezhong International Holdings Ltd.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/automotive-hvac-market/request-for-discount-pricing
๐๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐๐๐ฅ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
The regions and countries mentioned span across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In North America, the United States and Canada are key players. Europe includes Germany, the United Kingdom, France, Italy, Spain, Russia, and the Netherlands. In the Asia Pacific region, China, India, Japan, South Korea, Indonesia, and Malaysia are significant countries. Latin America features Argentina, Brazil, and Mexico, while the Middle East & Africa includes the United Arab Emirates, Saudi Arabia, Israel, and South Africa. These regions represent a diverse and geographically spread array of nations across the globe.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The market is mainly segmented based on type, end-use, and region. Based on type analysis, in 2022, the automotive HVAC segment held the largest revenue share. The increasing fascination with automated automotive HVAC systems is spurred by shifting consumer tastes and rising demand for luxury cars, which is propelling market expansion.
Automotive HVAC, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Manual HVAC
Automatic HVAC
Automotive HVAC, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
Passenger Cars
Heavy Commercial Vehicles
Light Commercial Vehicles
Moreover, according to the end-use analysis, the passenger car segment held the highest market share over the projection period due to increasing disposable income and multiple financing alternatives.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/automotive-hvac-market/inquire-before-buying
๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
In 2022, the passenger cars segment accounted for the largest market share. Increasing demand for automobiles in developing countries, rapid growth of electric vehicles, and stringent climate-control regulations enacted by governments in the United States and Europe. Increased discretionary income and the availability of diverse funding options are expected to drive market expansion during the forecast period.
The automatic HVAC segment accounted for the highest market share during the forecast period, owing to rising demand for luxury and comfortable vehicles. The rising environmental concerns and growing pollution levels across the globe would support the growth of this segment.
In 2022, North America is expected to grow prominently over the forecast period due to need for HVAC systems in luxury vehicle manufacturing is increasing, which is boosting the growth of the automotive HVAC market. Moreover, US Automotive HVAC market held the largest market share, and the Canada Automotive HVAC market was the fastest growing market in the region.
The global key market players include Air International Thermal Systems, Brose Fahrzeugteile GmbH & Co. Kg, Delphi Automotive Plc, Johnson Electric Holdings Ltd., Mahle Behr GmbH, Sanden Corporation, Sensata Technologies, Inc., Valeo S.A., Visteon Corporation, Xiezhong International Holdings Ltd.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Ev Charging Cables Market
https://www.polarismarketresearch.com/industry-analysis/ev-charging-cables
In-Vehicle Payment Services Market
https://www.polarismarketresearch.com/industry-analysis/in-vehicle-payment-services-market
Automotive Lightweight Material Market
https://www.polarismarketresearch.com/industry-analysis/automotive-lightweight-material-market
Automotive Finance Market
https://www.polarismarketresearch.com/industry-analysis/automotive-finance-market
Electric Truck Market
https://www.polarismarketresearch.com/industry-analysis/electric-truck-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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