Automotive Air Compressor Market Key Companies Profile and SWOT Analysis by 2031

The automotive air compressor market is expected to register a CAGR of 4.2% during 2023–2031. The evolution of advanced technologies in vehicles is likely to remain a key trend in the market.

Automotive Air Compressor Market Analysis

• Automotive air compressor sales are expected to accelerate due to a number of factors, including an increase in vehicle ownership, a rise in consumer demand for comfort in their vehicles, and an increase in the number of on-road cars.
• The integrity and quality of products, as well as the maintenance of operational efficiency, are contingent upon the quality of compressed air vehicles. These factors are also fueling the market growth of automotive air compressors.

Automotive Air Compressor Market Overview

• The evaporator of an automobile is removed by use of an air conditioner to extract the heat-producing vapor refrigerant. Because of the growth in vehicle production and the increasing installation of high-quality comfort accessories for reasonably priced vehicles, it is projected that the market will grow substantially in the coming years.
•  The market for automotive air compressors will also grow as a result of increased auto production and a rise in the use of car air conditioners in emerging economies. Since the operation of compressors depends on refrigerants, governments everywhere have enacted laws to reduce the pollution that these gases produce.
• It is predicted that strict adherence to these regulations will impede the growth of the automotive air conditioner sector. Additionally, improvements in the performance and efficiency of automotive air compressors have made air conditioning systems more affordable recently, which is driving the market's expansion.

Automotive Air Compressor Market: Strategic Insights

Automotive Air Compressor Market Drivers and Opportunities

Technological Advancement in the Automotive Sector to Favor the Market

• Evolutions in the air compressor design and technology have also accelerated the advancement of the automotive air compressor market.
• The original equipment manufacturers are experimenting to build lightweight, more efficient and compact car refrigerator systems, thus reducing the size and dimensions of modern car air conditioning systems.
• Furthermore, the innovation in the automotive air conditioning compressor development has helped to increase car refrigeration and simultaneously reduce the vibration of the vehicle.

Growing Focus on Autonomous and Electric Vehicles

• The automotive industry faces major changes and developments to bring up production and satisfy the new consumer’s requirements.
• The growing technological advancements and increasing consumer focus on luxury and safety features are increasing the sale of premium cars, which is also opening new opportunities for the market.

Automotive Air Compressor Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive air compressor market analysis are type, lubrication method and vehicle type.

• Based on type, the automotive air compressor market is divided into reciprocating, rotary screw, and centrifugal.
• On the basis of the lubrication method, the market is divided into oiled oil-free.
• Based on vehicle type, the automotive air compressor market is divided into heavy commercial vehicles, light commercial vehicles, and passenger cars.

Automotive Air Compressor Market Share Analysis by Geography

• The automotive air compressor market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive air compressor market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive air compressor market in these regions.

Automotive Air Compressor Market Regional Insights

The regional trends and factors influencing the Automotive Air Compressor Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Automotive Air Compressor Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive Air Compressor Market Report Scope

Automotive Air Compressor Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive Air Compressor Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Automotive Air Compressor Market News and Recent Developments

The automotive air compressor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive air compressor market are listed below:

• MAHLE GmbH has successfully established itself as a supplier of e-mobility. One bestseller in this area is the electric A/C compressor, for which the technology group from Stuttgart has already secured numerous series orders in the passenger car and commercial vehicle sectors. The total order volume is approximately 1.4 billion euros. Most recently, MAHLE introduced the most powerful e-compressor currently available on the market, with a peak power of 18 kW. E-compressors are the heart of thermal management in electric vehicles. (Source: MAHLE GmbH, Company Website, November 2022)
• Hitachi Industrial Equipment Systems Co., Ltd. announced it has launched the "Predictive Diagnosis Service" for air compressors used as power sources for factory equipment, etc. The service uses machine learning to analyze data obtained through remote monitoring. It combines it with the knowledge accumulated by Hitachi Industrial Equipment Systems maintenance staff to detect and prevent problems and abnormalities that could lead to equipment stoppages in advance. This service also uses the expertise of maintenance staff to estimate the effects of factors that reduce operating efficiency and can propose more efficient operations with less environmental impact. (Source: Hitachi Industrial Equipment Systems Co., Ltd., Company Website, June 2024)

Automotive Air Compressor Market Report Coverage and Deliverables

The “Automotive Air Compressor Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive air compressor market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive air compressor market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Automotive air compressor market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive air compressor market
• Detailed company profiles