Automotive HVAC Market Analysis, Application, Growth, Segmented Outlook And Overview Research By Million Insights

Automotive HVAC Market Analysis, Application, Segmented
Outlook, Growth And Overview Research By Million Insights
“The global Automotive HVAC Market was valued at USD 11.68 billion in 2014
owing to increasing income level and growing middle class population.
Moreover, with the rise of private car rental players such as Uber, Ola, sidecar
and Lyft, air conditioning system in the car have become a basic requirement
to enhance customer value proposition.”
The global Automotive HVAC Market was valued at USD 11.68 billion in 2014 owing to increasing income level
and growing middle class population. Moreover, with the rise of private car rental players such as Uber, Ola,
sidecar and Lyft, air conditioning system in the car have become a basic requirement to enhance customer value
proposition. The industry is highly competitive and hence investment on Research and Development is a key to
enhance product and add value to the companies offering. Companies also invest heavily to develop
technological ability to develop energy efficient system that can improve vehicle performance. These systems
require considerable amount of power to function and has a negative effect on fuel economy. Reduction of
system size and weight is expected to spur industry growth over the forecast period. Initiatives taken by the
government to curb global warming is expected to lead to introduction energy efficient systems.
Currently, the users have to select the temperature and blower setting. This is expected to decline over the
years owing to low efficiency and complexity. The technology accounted for over 35% market share in 2014.
The automatic system is a major technology segment and is expected to continue dominance over the next
seven years. Automatic systems accounted for over 55% market share and is expected to grow at a CAGR of
over 8.5% during the forecast period. Rising disposable income and availability of various finance schemes is
expected to spur growth for the market over the forecast period. Passenger car HVAC market accounted for
over 60% overall market by revenue in 2014 and is expected to grow substantially over the forecast period.
HVAC system in LCVs are also expected to grow at a CAGR of over 7% due to rising demand from rural areas and
availability of better financing schemes.
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Asia Pacific automotive HVAC market is expected to witness substantial growth. This growth can be attributed
to the presence of major automobile manufacturers and high demand for vehicles in developing nations such
as China and India. Asia Pacific accounted for over 40% of overall revenue share in 2014. Initiatives taken by the
government to revive the auto industry is expected to propel industry growth over the forecast period. The
Indian government has allowed 100% FDI through automatic route in the automobile sector. Increasing
production and rising population are expected to make India and China key regions for growth over the forecast
period.
The North American HVAC market is expected to experience substantial growth owing to the improving
macroeconomic condition and increasing vehicle production in the region. North America is expected to grow
at a rate of over 7% during the forecast period. In addition, increase in disposable income in the U.S is projected
to boost regional growth over the forecast period.
The global HVAC industry report is a professional and in depth study on the current state of the global HVAC
industry. The report offers an overview about the classification, definition, industry chain structure and
applications. The analysis of the HVAC Industry is provided by looking at the trends of industry. Development
policies and plans are also discussed and manufacturing processes and cost structures analyzed. HVAC industry
export/import consumption, demand & supply figures, cost price and production value gross margins are also
provided. The report also talks about the various factors driving the growth for the industry.
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The report also focuses on key players of the industry players providing information such as capacity production,
product picture & specification, price, cost, contact information and production value. Downstream raw
materials and equipment and upstream demand analysis is also carried out. Global HVAC industry development
marketing channels and trends are also analyzed. Finally the viability of new investment projects are assessed
and overall research conclusions offered.
Some of the key questions answered by the report are market size and its growth rate. It talks about the key
market trends and major growth driving forces of the industry. The report also talks about the key challenges
faced by the industry. Some of the major industry players include Air International Thermal Systems, Brose
Fahrzeugteile GmbH & Co. Kg, Calsonic Kansei, DelStar Technologies, Denso Corporation, Engineered Plastic
Components, and Hanon Systems. Other prominent vendors include Japan Climate Systems Corporation,
Johnson Electric, Mahle Behr GmbH, Sanden Holdings Corporation, Sensata Technologies, and Valeo Group.
Market Segmentation
Automotive HVAC Technology Outlook (USD Million, 2012 - 2022)
• Automatic
• Manual

Automotive HVAC Vehicle Type Outlook (USD Million, 2012 - 2022)
• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)
Automotive HVAC Regional Outlook (USD Million, 2012 - 2022)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
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