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Asia-Pacific Trucks and Trailers HVAC Market, By Propulsion Type (Internal Combustion Engine (ICE), Electric); By Vehicle Type (Trucks, Trailers); By Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket); By Country (China, India, Japan, So

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from $3,599 260 Pages BlueWeave Consulting June, 2023 BLWC18033694
Best Price Guarantee
Price from $3,599
Length 260 Pages
Publisher BlueWeave Consulting
Published Date June, 2023
SKU BLWC18033694

Asia-Pacific Trucks and Trailers HVAC Market, By Propulsion Type (Internal Combustion Engine (ICE), Electric); By Vehicle Type (Trucks, Trailers); By Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


Asia-Pacific Trucks and Trailers HVAC Market Size Set to Reach USD 50.21 Billion by 2029
Asia-Pacific trucks and trailers HVAC market is growing due to rapid urbanization, a surge in infrastructure development projects, rising demand for efficient logistics and transportation services amplifying the need for advanced trucks and trailers.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia-Pacific trucks and trailers HVAC market size at USD 28.95 billion in 2022. During the forecast period between 2023 and 2029, Asia-Pacific trucks and trailers HVAC market size is to grow at a steady CAGR of 4.69% reaching a value of USD 50.21 billion by 2029. Asia-Pacific trucks and trailers HVAC market is exhibiting several noteworthy developments. As environmental concerns and laws become stricter, there is an increasing need for energy-efficient HVAC systems. Manufacturers are putting their efforts into creating innovative technology that will increase energy efficiency and lower emissions. To meet the demand for sustainable transportation solutions, electric HVAC systems are also being more widely used in trucks and trailers. HVAC systems powered by electricity use less energy and require less upkeep. Further, smart HVAC systems that work with car telematics and permit remote monitoring and control are becoming increasingly important. This enables fleet managers to boost overall operational effectiveness and optimize HVAC performance.
Asia-Pacific Trucks and Trailers HVAC Market – Overview
A truck’s and trailer's heating, ventilation, and air conditioning (HVAC) system regulates the internal temperature of the vehicle cabin. It consists of three subsystems: heating, cooling, and air conditioning, which work together to give filtered air to the car cabin and ensure thermal comfort for drivers and passengers. It regulates the temperature of the air, inspects the moisture content of the air, and removes excess humidity from the circulating air.

Impact of COVID-19 on Asia-Pacific Trucks and Trailers HVAC Market
The pandemic raised awareness of the importance of indoor air quality and cleanliness, resulting in a rise in demand for specialized HVAC systems that can filter out viruses and bacteria. Therefore, there has been a greater emphasis on inventing and adopting innovative technology to improve air quality and lower the risk of illness. Thus, while the Covid-19 outbreak initially had a detrimental influence on the truck and trailer HVAC business, increased demand for transportation services, as well as greater awareness of air quality and cleanliness, have contributed to a comeback in industry demand for HVAC systems.
Asia-Pacific Trucks and Trailers HVAC Market – By Vehicle Type
On the basis of vehicle type, Asia-Pacific trucks and trailers HVAC market is bifurcated into Trucks and Trailers segments. The larger one in terms of market size and significance is the Trucks segment that encompasses several types of trucks, including heavy-duty trucks, medium-duty trucks, and light-duty trucks, which are utilized for transportation, logistics, and commercial purposes across the Asia-Pacific region. The demand for trucks in this market is driven by economic growth, infrastructure development, and increasing trade activities. The trucks segment represents a substantial portion of the overall market and plays a crucial role in supporting the transportation and logistics industry throughout Asia Pacific.
Competitive Landscape
Asia-Pacific trucks and trailers HVAC market is fiercely competitive. Major companies in the market include Carrier, Denso Corporation, Calsonic Kansei Corporation, Hanon Systems, Mitsubishi Heavy Industries Thermal Systems Ltd., Subros Limited, Sanden Corporation, Tata Motors Limited, Ashok Leyland Limited, and Mahindra & Mahindra Limited. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Asia-Pacific trucks and trailers HVAC market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Asia-Pacific Trucks and Trailers HVAC Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia-Pacific Trucks and Trailers HVAC Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Asia-Pacific Trucks and Trailers HVAC Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing demand for HVAC systems from developing nations
3.2.1.2. Growing demand for thermal system and automatic climate control features in trucks and trailers
3.2.1.3. Rising production of heavy-duty vehicles
3.2.2. Restraints
3.2.2.1. High installation and maintenance cost
3.2.2.2. Lack of infrastructure
3.2.3. Opportunities
3.2.3.1. Development of intelligent transport systems
3.2.3.2. Rising demand for Cold Chain Logistics
3.2.4. Challenges
3.2.4.1. Stringent emission rule and regulations
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Asia-Pacific Trucks and Trailers HVAC Market Overview
4.1. Market Size & Forecast by Value & Volume, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Propulsion Type
4.2.1.1. Internal Combustion Engine
4.2.1.2. Electric
4.2.2. By Vehicle Type
4.2.2.1. Trucks
4.2.2.2. Trailers
4.2.3. By Sales Channel
4.2.3.1. Original Equipment Manufacturers (OEMs)
4.2.3.2. Aftermarket
4.2.4.By Country
4.2.4.1. China
4.2.4.2. India
4.2.4.3. Japan
4.2.4.4. South Korea
4.2.4.5. Australia & New Zealand
4.2.4.6. Indonesia
4.2.4.7. Malaysia
4.2.4.8. Singapore
4.2.4.9. Vietnam
4.2.4.10. Rest of APAC
5. China Trucks and Trailers HVAC Market Overview
5.1. Market Size & Forecast by Value & Volume, 2019–2029
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Propulsion Type
5.2.2. By Vehicle Type
5.2.3. By Sales Channel
6. India Trucks and Trailers HVAC Market Overview
6.1. Market Size & Forecast by Value & Volume, 2019–2029
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Propulsion Type
6.2.2. By Vehicle Type
6.2.3. By Sales Channel
7. Japan Trucks and Trailers HVAC Market Overview
7.1. Market Size & Forecast by Value & Volume, 2019–2029
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Propulsion Type
7.2.2. By Vehicle Type
7.2.3. By Sales Channel
8. South Korea Trucks and Trailers HVAC Market Overview
8.1. Market Size & Forecast by Value & Volume, 2019–2029
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Propulsion Type
8.2.2. By Vehicle Type
8.2.3. By Sales Channel
9. Australia & New Zealand Trucks and Trailers HVAC Market Overview
9.1. Market Size & Forecast by Value & Volume, 2019–2029
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Propulsion Type
9.2.2. By Vehicle Type
9.2.3. By Sales Channel
10. Indonesia Trucks and Trailers HVAC Market Overview
10.1. Market Size & Forecast by Value & Volume, 2019–2029
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Propulsion Type
10.2.2. By Vehicle Type
10.2.3. By Sales Channel
11. Malaysia Trucks and Trailers HVAC Market Overview
11.1. Market Size & Forecast by Value & Volume, 2019–2029
11.1.1. By Value (USD Million)
11.2. Market Share & Forecast
11.2.1. By Propulsion Type
11.2.2. By Vehicle Type
11.2.3. By Sales Channel
12. Singapore Trucks and Trailers HVAC Market Overview
12.1. Market Size & Forecast by Value & Volume, 2019–2029
12.1.1. By Value (USD Million)
12.2. Market Share & Forecast
12.2.1. By Propulsion Type
12.2.2. By Vehicle Type
12.2.3. By Sales Channel
13. Vietnam Trucks and Trailers HVAC Market Overview
13.1. Market Size & Forecast by Value & Volume, 2019–2029
13.1.1. By Value (USD Million)
13.2. Market Share & Forecast
13.2.1. By Propulsion Type
13.2.2. By Vehicle Type
13.2.3. By Sales Channel
14. Rest of APAC Trucks and Trailers HVAC Market Overview
14.1. Market Size & Forecast by Value & Volume, 2019–2029
14.1.1. By Value (USD Million)
14.2. Market Share & Forecast
14.2.1. By Propulsion Type
14.2.2. By Vehicle Type
14.2.3. By Sales Channel
15. Competitive Landscape
15.1. List of Key Players and Their Offerings
15.2. Asia-Pacific Trucks and Trailers HVAC Company Market Share Analysis, 2022
15.3. Competitive Benchmarking, By Operating Parameters
15.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of Covid-19 on Asia-Pacific Trucks and Trailers HVAC Market
17. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
17.1. Carrier
17.2. Denso Corporation
17.3. Calsonic Kansei Corporation
17.4. Hanon Systems
17.5. Mitsubishi Heavy Industries Thermal Systems Ltd.
17.6. Subros Limited
17.7. Sanden Corporation
17.8. Tata Motors Limited
17.9. Ashok Leyland Limited
17.10. Mahindra & Mahindra Limited
17.11. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
19.1. Qualitative Research
19.1.1. Primary & Secondary Research
19.2. Quantitative Research
19.3. Market Breakdown & Data Triangulation
19.3.1. Secondary Research
19.3.2. Primary Research
19.4. Breakdown of Primary Research Respondents, By Region
19.5. Assumption & Limitation
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable
List of Figures
Figure 1 Asia-Pacific Trucks and Trailers HVAC Market Segmentation
Figure 2 Asia-Pacific Trucks and Trailers HVAC Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Asia-Pacific Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Figure 5 Asia-Pacific Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029
Figure 6 Asia-Pacific Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029
Figure 7 Asia-Pacific Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029
Figure 8 Asia-Pacific Trucks and Trailers HVAC Market Share, By Country, By Value, 2019–2029
Figure 9 China Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Figure 10 China Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029
Figure 11 China Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029
Figure 12 China Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029
Figure 13 India Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Figure 14 India Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029
Figure 15 India Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029
Figure 16 India Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029
Figure 17 Japan Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Figure 18 Japan Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029
Figure 19 Japan Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029
Figure 20 Japan Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029
Figure 21 South Korea Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Figure 22 South Korea Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029
Figure 23 South Korea Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029
Figure 24 South Korea Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029
Figure 25 Australia & New Zealand Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Figure 26 Australia & New Zealand Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029
Figure 27 Australia & New Zealand Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029
Figure 28 Australia & New Zealand Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029
Figure 29 Indonesia Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Figure 30 Indonesia Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029
Figure 31 Indonesia Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029
Figure 32 Indonesia Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029
Figure 33 Malaysia Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Figure 34 Malaysia Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029
Figure 35 Malaysia Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029
Figure 36 Malaysia Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029
Figure 37 Singapore Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Figure 38 Singapore Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029
Figure 39 Singapore Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029
Figure 40 Singapore Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029
Figure 41 Vietnam Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Figure 42 Vietnam Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029
Figure 43 Vietnam Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029
Figure 44 Vietnam Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029
Figure 45 Rest of APAC Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Figure 46 Rest of APAC Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029
Figure 47 Rest of APAC Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029
Figure 48 Rest of APAC Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029
List of Tables
Table 1 Asia-Pacific Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Table 2 Asia-Pacific Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029
Table 3 Asia-Pacific Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029
Table 4 Asia-Pacific Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029
Table 5 Asia-Pacific Trucks and Trailers HVAC Market Size, By Country, By Value, 2019–2029
Table 6 China Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Table 7 China Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029
Table 8 China Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029
Table 9 China Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029
Table 10 India Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Table 11 India Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029
Table 12 India Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029
Table 13 India Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029
Table 14 Japan Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Table 15 Japan Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029
Table 16 Japan Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029
Table 17 Japan Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029
Table 18 South Korea Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Table 19 South Korea Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029
Table 20 South Korea Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029
Table 21 South Korea Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029
Table 22 Australia & New Zealand Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Table 23 Australia & New Zealand Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029
Table 24 Australia & New Zealand Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029
Table 25 Australia & New Zealand Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029
Table 26 Indonesia Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Table 27 Indonesia Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029
Table 28 Indonesia Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029
Table 29 Indonesia Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029
Table 30 Malaysia Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Table 31 Malaysia Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029
Table 32 Malaysia Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029
Table 33 Malaysia Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029
Table 34 Singapore Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Table 35 Singapore Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029
Table 36 Singapore Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029
Table 37 Singapore Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029
Table 38 Vietnam Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Table 39 Vietnam Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029
Table 40 Vietnam Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029
Table 41 Vietnam Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029
Table 42 Rest of APAC Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029
Table 43 Rest of APAC Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029
Table 44 Rest of APAC Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029
Table 45 Rest of APAC Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029
Table 46 Carrier Company Overview
Table 47 Carrier Financial Overview
Table 48 Denso Corporation Company Overview
Table 49 Denso Corporation Financial Overview
Table 50 Calsonic Kansei Corporation Company Overview
Table 51 Calsonic Kansei Corporation Financial Overview
Table 52 Hanon Systems Company Overview
Table 53 Hanon Systems Financial Overview
Table 54 Mitsubishi Heavy Industries Thermal Systems Ltd. Company Overview
Table 55 Mitsubishi Heavy Industries Thermal Systems Ltd. Financial Overview
Table 56 Subros Limited Company Overview
Table 57 Subros Limited Financial Overview
Table 58 Sanden Corporation Company Overview
Table 59 Sanden Corporation Financial Overview
Table 60 Tata Motors Limited Company Overview
Table 61 Tata Motors Limited Financial Overview
Table 62 Ashok Leyland Limited Company Overview
Table 63 Ashok Leyland Limited Financial Overview
Table 64 Mahindra & Mahindra Limited Company Overview
Table 65 Mahindra & Mahindra Limited Financial Overview

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