The Pivotal Study of Global Automotive HVAC Market – Market Synopsis, Industry Key Players, Market Tracking, Regional Forecast till 2026
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
Description:
According to the report, the Automotive HVAC market is expected to grow from USD 25,992 million in 2019 to USD 45,419 million by 2026, growing at a CAGR of 8.3% from 2019 to 2026.
Factors such as the surge in demand for passenger cars and the surge in more luxurious and comfortable travel options have driven the growth of the automotive HAVC market. In addition, changing environmental conditions, increasing income levels and a growing middle-class population are expected to drive market growth during the forecast period. However, increasing government regulations to develop energy-efficient and low-emission solutions and high maintenance costs may hinder market growth.
HVAC (Heating Ventilation and Air Conditioning) is a technology used to maintain the car's pleasant temperature and indoor environmental conditions. Adjust the temperature inside the car to the extent of the ambient temperature. Therefore, HVAC helps maintain temperature conditions, which helps the driver to stay in the car for a long time and comfortably. This system is useful when the external temperature is too high or too low, which can cause discomfort to the rider. Due to the globally recognized standard of basic car safety and comfort, it is now a must-have feature for every car.
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Competitive Insights
Major manufacturers profiled in the analysis report include Denso, Hanon Systems, Valeo, MAHLE Behr, Delphi, Sanden, Calsonic Kansei, SONGZ Automobile, Ebersp cher, Xinhang Yuxin, Keihin, Gentherm, South Air International, Bergstrom, Xiezhong International, Shanghai Velle, Subros, Hubei Meibiao, and others.
Regional Insights
The global automotive HAVC market has been divided into North America, Asia Pacific, Europe, Middle East and Africa. In terms of regional output, North America is the largest market, accounting for 35.12%, followed by Europe and Asia Pacific, accounting for 33.56% and 25.23% respectively. In 2018, the Asia Pacific region is the largest consumer of the global automotive HAVC market due to the presence of major automakers and a broader consumer base that drives demand for automobiles.
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Type Insights
The type of the Automotive HVAC market can be divided into Automatic HVAC, Manual HVAC, and Other.
Application Insights
The application of the Automotive HVAC market is segmented into Commercial Vehicle, Passenger Vehicle, and Other.
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Audience
• Automotive HAVC manufacturers
• Automotive HAVC potential investors
• Small and Medium-sized Enterprises (SMEs)
• Distributors and resellers of automotive HAVC
• Automotive HAVC industry associations
• Product managers, automotive HAV industry administrator, C-level executives of the industries
• Market Research and consulting firms
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