Automotive Climate Control Market Is Predicted To Reach USD 30.1 Billion By 2023

Market Highlights:
Climate control in automotive is mean to deliver comfortable and relaxed sitting atmosphere inside the vehicles. Over the last few years, the upsurge in the use of air condition in automotive has pushed the demand for automotive climate control in the global market. Automotive climate control is primarily refers as the integrated HVAC system in vehicles. Now a days, almost every vehicle is coming up with HVAC system either manually or automatically. Over the years, the global market has seen a constant rising in the demand for automotive across the globe, where China and the US have hold the tag of highest number of passenger as well as commercial vehicles. Likewise, the demand for HVAC in these regions is much higher than other regions.

Due to these influencing factors, the market has witnessed a mounting demand for automotive climate control which is likely to rise during the forecasted period. Furthermore, the increasing need of comfortability, changing preferences and life style, rapid urbanization, emerging economies and other several reasons have led the growth of global automotive climate control market.

As per the analysis, the global automotive climate control market is expected to reach USD 30.1 billion with a CAGR of 9.1% during the forecast period.

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Key Players of Automotive Climate Control Market:
• Delphi Automotive
• Denso
• Mahle Behr
• Hanon Systems
• Valeo SA
• Sanden Holdings
• Keihin Corporation
• Calsonic Kansei Corporation
• Japanese Climate Systems Corporation
• Visteon

Market Research Analysis:
As per MRFR analysis, the global automotive climate control market is likely to grow at a CAGR of 9.1% during the forecast period, where the market value is expected to reach USD 30.1 billion by 2023. Over the years, it has been analyzed that the automotive industry has come up with numerous technological advancements with respect to HVAC in automotive. Due to this the demand for automotive vehicles is escalating rapidly.

Scope of the Report:
This study provides an overview of the global automotive climate control market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next 6 years for each region. The scope of the study segments the global automotive climate control market by its technology, application, and regions.

By Technology
• Automatic
• Manual

By Application
• Passenger Car
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Region
• North America
• Asia Pacific
• Europe
• Rest of the World

Brief TOC:
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Automotive Ignition System Market, By Technology
4.1 Introduction
4.2 Automatic
4.3 Manual
Continue…

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This release was published on openPR.