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Rising Demand For Luxury Vehicles Fuels Growth In The Automotive Hvac Market: The Driving Engine Behind Automotive HVAC Market Evolution in 2025
Automotive HVAC Market
Automotive HVAC Market Size Growth Forecast: What to Expect by 2025?
The size of the automotive HVAC market has seen impressive growth in the recent past. The market value was $55.35 billion in 2024 and is expected to rise to $59.61 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.7%. This significant growth during the historical period arises from factors such as increased global automotive production, concerns related to global warming, growing demand for energy efficiency, and an increased requirement for commercial vehicles.
How Will the Automotive HVAC Market Size Evolve and Grow by 2029?
In the coming years, the automotive HVAC market is predicted to witness substantial growth, and it is expected to reach $81.22 billion in 2029, with a compound annual growth rate (CAGR) of 8.0%. The escalation during the forecast period can be ascribed to the increase in electric and hybrid vehicles, the growth of autonomous vehicles, the expansion of emerging markets, the surge in research and development activities, and an increase in disposable income. Prominent trends during the forecast period incorporate smart and connected HVAC, solutions for thermal comfort, cabin sensing and artificial intelligence, multi-zone HVAC, and green and eco-friendly HVAC.
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What Drivers Are Propelling the Growth of Automotive HVAC Market Forward?
The automotive HVAC market is forecasted to surge amidst growing preferences for luxury vehicles. These are characterized by superior performance attributes, plush interiors, and all the latest safety and technology facets. It's crucial for top-tier luxury vehicles to have automotive HVAC systems to ensure customizable thermal comfort for each passenger. Reports from BMW Group, based in Germany, revealed that in 2023, registrations for BMW's all-electric vehicles hit 28,723, which marks a 34% increase from the previous year. This surging interest in luxury vehicles is fuelling the expansion of the automotive HVAC market.
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Which Emerging Trends Are Transforming the Automotive HVAC Market in 2025?
Advancements in product innovation are propelling trends in the automotive HVAC market. Leading players in the market are focusing on generating exceptional products using cutting-edge technology like automatic climate control for regulating vehicular temperature, environmental-friendly technologies for crafting sustainable and energy-saving automotive HVAC systems, and use of eco-friendly refrigerants, among other innovations. For instance, Modine, a U.S. manufacturing company, launched an advanced climate control system called EVantage cabin climate system in July 2024, explicitly engineered for electric vehicles (EVs) to maximize comfort and energy efficiency. This system taps into smart sensors and algorithms that track and modify cabin temperature and airflow according to real-time data such as outdoor weather conditions, passenger preferences, and vehicle performance. By managing heating, ventilation, and air conditioning (HVAC) effectively, the EVantage system reduces energy use, expanding the vehicle's travel range while providing a satisfying driving atmosphere. Its innovative attributes include pre-conditioning capabilities and personalized climate zones, showcasing the growing benchmarks of sustainability and user-centric design in contemporary electric vehicles.
What Are the Key Segments in the Automotive HVAC Market?
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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Who Are the Key Players Shaping the Automotive HVAC Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Automotive HVAC Market?
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.
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