Heating Ventilation and Air Conditioning (HVAC) is the technology that is used to sustain the internal climate of a vehicle. It helps in maintaining temperature (hot/cold) for the interior atmosphere of a vehicle and thus helps to provide comfort for on-board passengers. The major driver is the automatic climate control feature and rising demand for thermal systems, safety concerns, and the adoption of eco-friendly refrigerants will boost the demand of automotive HVAC market in the forecast period. Recent trend depicts that now companies majorly focus on customized and consumer friendly HVAC system that supports automatic air conditioning and climate control system.
The "Automotive HVAC Market Analysis to 2028" is a specialized and in-depth study of the commercial vehicle HVAC system industry with a focus on the global market trend. The report aims to provide an overview of automotive HVAC market with detailed market segmentation by technology type, equipment type, component, application and geography. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
- The global automotive HVAC market is segmented on the basis of technology type, equipment type, component, application.
- Based on technology, the market is segmented as Automatic HVAC System and Manual HVAC System.
- On the basis of the equipment type, the market is segmented as Rooftop Package Unit, Split System, Chilled Water Air Handler, Variable Air Volume and Air to Air Heat Pump.
- On the basis of the component, the market is segmented as Condenser, Evaporator, Compressor, Drier, Others.
- On the basis of the application, the market is segmented as Passenger Vehicles and Commercial Vehicle.
- Increase in demand for thermal system and automatic climate control features in automobile.
Rise in safety & comfort due to adoption of HVAC systems
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive HVAC market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive HVAC market in these regions.
IMPACT OF COVID-19ON AUTOMOTIVE HVAC MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the automotive HVAC market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Automotive HVAC market market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive HVAC market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive HVAC market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Denso Corporation.
- Valeo SA
- Behr GmbH
- Halla Climate Control Corp.
- Delphi Automotive PLC
- Visteon Corp.
- Sanden Corp.
- Air International Thermal Systems
- Calsonic Kansei
- DelStar Technologies
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.