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Rising Demand For Luxury Vehicles Fuels Growth In The Automotive Hvac Market: A Key Driver Powering Automotive HVAC Market Growth In 2025
Automotive HVAC
What Is the Current Automotive HVAC Market Size and Its Estimated Growth Rate?
The space and value of the automotive HVAC market has been ultimately expanding in the last few years. From $55.35 billion in 2024, it is projected to escalate to $59.61 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.7%. The growth observed over the historical timeframe can be accredited to increased worldwide automobile manufacturing, concerns about global warming, a surge in the need for energy efficiency, and growing demand for commercial vehicles.
The size of the automotive HVAC market is predicted to experience significant expansion in the coming years. The market is expected to rise to $81.22 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this surge during the forecast period include the proliferation of electric and hybrid vehicles, growth in autonomous vehicles, expansion in emerging markets, increased research and development activities, and rising disposable income. Notable trends during the predicted period encompass smart and connected HVAC systems, thermal comfort solutions, cabin sensing and AI integration, multi-zone HVAC units, and green, eco-friendly HVAC options.
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How Are Emerging Segments Shaping the Automotive HVAC Market Landscape?
The automotive hvac market covered in this report 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
Subsegments:
1) By Evaporator: Tube and Fin Evaporator, Plate Evaporator
2) By Compressor: Fixed Displacement Compressor, Variable Displacement Compressor, Electric Compressor
3) By Condenser: Air-Cooled Condenser, Water-Cooled Condenser
4) By Receiver/Drier: Standard Receiver/Drier, Desiccant Receiver/Drier
5) By Expansion Device: Thermal Expansion Valve (TXV), Capillary Tube, Electronic Expansion Valve (EEV)
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Which Growth Factors Are Influencing Automotive HVAC Market Expansion?
The upward trend in the demand for luxury automobiles is predicted to drive the expansion of the automotive HVAC market. Luxury automobiles are characterised by superior performance features, opulent interiors, and cutting-edge safety and technology systems. The automotive HVAC system, which provides a thermally enjoyable environment for each passenger according to their needs, is a critical component in high-end luxury cars. For example, the BMW Group, a German manufacturing corporation, reported in January 2024 that BMW registered 28,723 all-electric vehicles in 2023, representing a 34% growth from 2022. Consequently, the rising demand for luxury vehicles is fuelling the automotive HVAC market's expansion.
Who Are the Dominant Players Across Different Automotive HVAC Market Segments?
Major companies operating in the automotive hvac market include Denso Manufacturing Tennessee Inc., Air International Thermal Systems, Valeo Thermal Systems, Hanon Climate Control Corp., Calsonic Kansei North America Inc., Johnson Electric Holdings Ltd., Sanden Holdings Corporation, Sensata Technologies Inc., Marelli Corporation, OMEGA Environmental Technologies, Delphi Automotive LLP., Visteon Corp., Trans/Air Manufacturing Corp., Toyota Industries Corporation, Xiezhong International Holdings Limited., Mitsubishi Heavy Industries Ltd, Behr GmbH & Co. KG, Subros Limited, Webasto SE, Red Dot Corporation, Eberspaecher Climate Control Systems GmbH & Co. KG, DelStar Technologies Inc., Nippon Seiki Co. Ltd., Keihin North America Inc., Modine Manufacturing Company, Zhejiang Yinlun Machinery Co. Ltd., Bergstrom Inc., MAHLE Behr GmbH & Co. KG, The Keihin Corporation, Eberspächer Group, Gentherm
What Are the Latest Developing Trends in the Automotive HVAC Market?
Innovative product development is an emerging trend in the automotive HVAC market. Leading market participants are focusing on the production of novel products boasting advanced technology such as the implementation of automatic climate control that regulates car temperatures, usage of environmentally friendly methods to create sustainable energy-efficient automotive HVAC systems, and the transition towards eco-friendly refrigerants, among other advancements. For example, in July 2024, a manufacturing company based in the US named Modine launched the EVantage cabin climate system, a sophisticated climate control solution tailor-made for electric vehicles (EVs) to enhance comfort and energy efficiency. This system employs intelligent sensors and algorithms to regulate cabin temperature and air circulation based on real-time information like external weather conditions, passenger comfort levels, and car functionality. The EVantage system reduces energy consumption by effectively controlling HVAC functions, thereby increasing the vehicle's mileage while promoting a comfortable driving environment. Its cutting-edge features, such as pre-conditioning abilities and individual climate zones, show the progressive norms of sustainability and user-focused design in contemporary electric vehicles.
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Which Geographic Regions Are Expected to Dominate the Automotive HVAC Market in the Coming Years?
Asia-Pacific was the largest region in the automotive HVAC market in 2024. The regions covered in the automotive hvac market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive HVAC Market?
2. What is the CAGR expected in the Automotive HVAC Market?
3. What Are the Key Innovations Transforming the Automotive HVAC Industry?
4. Which Region Is Leading the Automotive HVAC Market?
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