Polaris Market Research

Automotive HVAC Market Size Worth USD 31,907 Million by 2026 : CAGR 9.3%

Automotive HVAC Market, [By Type (Manual HVAC, Automatic HVAC,); By End-User (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles); By Region]: Market size & Forecast, 2018 – 2026


New York, NY -- (SBWIRE) -- 10/11/2018 -- The Global Automotive HVAC Market generated USD 14,440 million in 2017 and is anticipated to grow at a CAGR of 9.3% during the forecast period according to the new report published by the Polaris Market Research.

Automotive Heating Ventilation and Air Conditioning (HVAC) is technology used for controlling the temperature inside a vehicle and maintaining a pleasant and comfortable environment. Automotive HVAC assists in maintaining an ambient comfort level by managing the temperature inside a vehicle. The increasing trend of improved comfort and luxury has encouraged market players to develop automatic climate control for the comfort of onboard passengers.

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The demand for automotive HVAC has increased owing to increasing need for vehicular comfort, and growing demand for luxury vehicles. The increasing trend towards comfortable and enhanced driving experiences, and rising production of motor vehicles support the growth of the automotive HVAC market. The growth in global automotive industry and increasing demand for environment friendly refrigerants in automotive HVAC systems has resulted in market growth. The growing adoption of geo-thermal heat pumps, and increasing demand for automatic temperature control system further increases the demand for automotive HVACs. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities for Automotive HVAC Market during the forecast period.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Automotive HVAC Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

The Asia-Pacific Automotive HVAC Market generated the highest revenue in the market in 2017 owing to increasing automotive demand, and emerging economies of China, Japan, India, and South Korea. The strict government regulations regarding safety and vehicular emissions, and increasing trend of luxury vehicles in the region impacts the market growth.

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Competitive Landscape and Key Vendors

The global automotive HVAC market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The leading companies profiled in the Automotive HVAC Market report include Sensata Technologies, Inc., Valeo S.A., Air International Thermal Systems, Delphi Automotive Plc, Johnson Electric Holdings Ltd., Sanden Corporation, Visteon Corporation, Xiezhong International Holdings Ltd., Brose Fahrzeugteile GmbH & Co. Kg, and Mahle Behr GmbH.

Key Segments

- Manual HVAC
- Automatic HVAC

- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles

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