Automotive HVAC Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive HVAC Market
The automotive HVAC market size was valued at USD 74.27 billion in 2023, and the market is now projected to grow from USD 93.98 billion in 2024 to USD 125.90 billion by 2032, exhibiting a CAGR of 3.7% during the forecast period of 2024-2032.
The COVID-19 pandemic induced turbulence within the car HVAC marketplace, dampening demand and disrupting supply chains because of lockdowns and financial uncertainties. Reduced automobile production and sales slowed HVAC machine installations. Yet, with economies reopening and purchaser self-belief rising, market healing is predicted. Moreover, heightened emphasis on health and safety could propel the adoption of superior HVAC tech, offering enhanced air filtration competencies.
The automobile HVAC marketplace is experiencing boom fueled with the aid of a surge in demand for passenger consolation and safety features. With consumers searching for advanced riding studies, automakers are integrating advanced HVAC structures to enhance cabin environments, meeting these alternatives efficiently.
The car HVAC marketplace is witnessing a big trend toward AI-enabled superior weather control systems. As connectivity and digitization reshape the enterprise, HVAC systems are getting smarter and more user-focused. Integration of IoT and AI technology allows tailored solutions that alter to character options, environmental factors, and driving conditions, marking a wonderful shift within the market.
Comprehensive Analysis of Automotive HVAC Market
The automotive HVAC market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by type analysis, by vehicle analysis, by component analysis. By type analysis include, automatic and manual. By vehicle analysis include, passenger cars and commercial vehicles. By component analysis include, compressor, condenser, evaporator, receiver dryer, expansion valve, and others.
The Asia Pacific, region lead the automotive HVAC market share by benefitting a market size of USD 34.8 billion in 2023 due to the growing production and sales passenger cars in China, India, and Malaysia.
The top gamers inside the market play a critical role in the industry assuring market boom and placing marketplace standards. These players include, Mahle GmbH, Japan Climate Systems Corporation, Sanden Corp, Highly Marelli Holdings, Eberspacher Group GmbH & Co. KG, Valeo S.A, Denso Corporation, Hanon Systems, Hella GmbH, Brose Fahrzeugteile GmbH & Co. KG these market players provide a level-playing competitive landscape.
In February 2024, Birmingham University researchers introduce e-Thermal bank, a microwave-based thermochemical system for EV climate control, potentially extending vehicle range by up to 70% by serving as a secondary power source, relieving the battery of HVAC duties.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 3.7% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Automatic
Manual
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Component
Compressor
Condenser
Evaporator
Receiver Dryer
Expansion Valve
Others
By Geography
North America (By Type, Vehicle Type, Component, and Country)
- U.S. (By Vehicle Type)
- Canada (By Vehicle Type)
- Mexico (By Vehicle Type)
Europe (By Type, Vehicle Type, Component, and Country)
- U.K. (By Vehicle Type)
- Germany (By Vehicle Type)
- France (By Vehicle Type)
- RoE (By Vehicle Type)
Asia Pacific (By Type, Vehicle Type, Component, and Country)
- China (By Vehicle Type)
- Japan (By Vehicle Type)
- India (By Vehicle Type)
- South Korea (By Vehicle Type)
- RoAPAC (By Vehicle Type)
Rest of the world (By Type, Vehicle Type, Component, and Country)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Mergers, Acquisitions and Partnerships
- 4.2. Latest Technological Trend
- 4.3. Porters Five Forces Analysis
- 4.4. COVID-19 Impact
- 5. Global Automotive HVAC Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Definitions
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Automatic
- 5.2.2. Manual
- 5.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.3.1. Passenger Cars
- 5.3.2. Commercial Vehicles
- 5.4. Market Analysis, Insights and Forecast – By Component
- 5.4.1. Compressor
- 5.4.2. Condenser
- 5.4.3. Evaporator
- 5.4.4. Receiver Dryer
- 5.4.5. Expansion Valve
- 5.4.6. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia-pacific
- 5.5.4. Rest of the world
- 6. North America Automotive HVAC Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Type
- 6.1.1. Automatic
- 6.1.2. Manual
- 6.2. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.2.1. Passenger Cars
- 6.2.2. Commercial Vehicles
- 6.3. Market Analysis, Insights and Forecast – By Component
- 6.3.1. Compressor
- 6.3.2. Condenser
- 6.3.3. Evaporator
- 6.3.4. Receiver Dryer
- 6.3.5. Expansion Valve
- 6.3.6. Others
- 6.4. Market Analysis – By Country
- 6.4.1. U.S.
- 6.4.1.1. – By Vehicle Type
- 6.4.2. Canada
- 6.4.2.1. – By Vehicle Type
- 6.4.3. Mexico
- 6.4.3.1. – By Vehicle Type
- 7. Europe Automotive HVAC Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Type
- 7.1.1. Automatic
- 7.1.2. Manual
- 7.2. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.2.1. Passenger Cars
- 7.2.2. Commercial Vehicles
- 7.3. Market Analysis, Insights and Forecast – By Component
- 7.3.1. Compressor
- 7.3.2. Condenser
- 7.3.3. Evaporator
- 7.3.4. Receiver Dryer
- 7.3.5. Expansion Valve
- 7.3.6. Others
- 7.4. Market Analysis – By Country
- 7.4.1. U.K.
- 7.4.1.1. – By Vehicle Type
- 7.4.2. Germany
- 7.4.2.1. – By Vehicle Type
- 7.4.3. France
- 7.4.3.1. – By Vehicle Type
- 7.4.4. Rest of Europe
- 7.4.4.1. – By Vehicle Type
- 8. Asia pacific Automotive HVAC Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Type
- 8.1.1. Automatic
- 8.1.2. Manual
- 8.2. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.2.1. Passenger Cars
- 8.2.2. Commercial Vehicles
- 8.3. Market Analysis, Insights and Forecast – By Component
- 8.3.1. Compressor
- 8.3.2. Condenser
- 8.3.3. Evaporator
- 8.3.4. Receiver Dryer
- 8.3.5. Expansion Valve
- 8.3.6. Others
- 8.4. Market Analysis – By Country
- 8.4.1. China
- 8.4.1.1. – By Vehicle Type
- 8.4.2. Japan
- 8.4.2.1. – By Vehicle Type
- 8.4.3. India
- 8.4.3.1. – By Vehicle Type
- 8.4.4. South Korea
- 8.4.4.1. – By Vehicle Type
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. – By Vehicle Type
- 9. Rest of the World Automotive HVAC Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast – By Type
- 9.1.1. Automatic
- 9.1.2. Manual
- 9.2. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.2.1. Passenger Cars
- 9.2.2. Commercial Vehicles
- 9.3. Market Analysis, Insights and Forecast – By Component
- 9.3.1. Compressor
- 9.3.2. Condenser
- 9.3.3. Evaporator
- 9.3.4. Receiver Dryer
- 9.3.5. Expansion Valve
- 9.3.6. Others
- 10. Competitive Analysis
- 10.1. Key Industry Development
- 10.2. Global Market Ranking Analysis (2023)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles
- 10.5.1. Mahle GmbH (Germany)
- 10.5.1.1. Overview
- 10.5.1.2. Models & services
- 10.5.1.3. SWOT analysis
- 10.5.1.4. recent developments
- 10.5.1.5. strategies
- 10.5.1.6. financials (based on availability)
- 10.5.2. Japan Climate Systems Corporation (Japan)
- 10.5.2.1. Overview
- 10.5.2.2. Models & services
- 10.5.2.3. SWOT analysis
- 10.5.2.4. recent developments
- 10.5.2.5. strategies
- 10.5.2.6. financials (based on availability)
- 10.5.3. Sanden Corp (Japan)
- 10.5.3.1. Overview
- 10.5.3.2. Models & services
- 10.5.3.3. SWOT analysis
- 10.5.3.4. recent developments
- 10.5.3.5. strategies
- 10.5.3.6. financials (based on availability)
- 10.5.4. Highly Marelli Holdings (Japan)
- 10.5.4.1. Overview
- 10.5.4.2. Models & services
- 10.5.4.3. SWOT analysis
- 10.5.4.4. recent developments
- 10.5.4.5. strategies
- 10.5.4.6. financials (based on availability)
- 10.5.5. Eberspacher Group GmbH & Co. KG
- 10.5.5.1. Overview
- 10.5.5.2. Models & services
- 10.5.5.3. SWOT analysis
- 10.5.5.4. recent developments
- 10.5.5.5. strategies
- 10.5.5.6. financials (based on availability)
- 10.5.6. Valeo S.A (France)
- 10.5.6.1. Overview
- 10.5.6.2. Models & services
- 10.5.6.3. SWOT analysis
- 10.5.6.4. recent developments
- 10.5.6.5. strategies
- 10.5.6.6. financials (based on availability)
- 10.5.7. Denso Corporation (Japan)
- 10.5.7.1. Overview
- 10.5.7.2. Models & services
- 10.5.7.3. SWOT analysis
- 10.5.7.4. recent developments
- 10.5.7.5. strategies
- 10.5.7.6. financials (based on availability)
- 10.5.8. Hanon Systems (South Korea)
- 10.5.8.1. Overview
- 10.5.8.2. Models & services
- 10.5.8.3. SWOT analysis
- 10.5.8.4. recent developments
- 10.5.8.5. strategies
- 10.5.8.6. financials (based on availability)
- 10.5.9. Hella Gmbh (Germany)
- 10.5.9.1. Overview
- 10.5.9.2. Models & services
- 10.5.9.3. SWOT analysis
- 10.5.9.4. recent developments
- 10.5.9.5. strategies
- 10.5.9.6. financials (based on availability)
- 10.5.10. Brose Fahrzeugteile GmbH & Co. Kg (Germany)
- 10.5.10.1. Overview
- 10.5.10.2. Models & services
- 10.5.10.3. SWOT analysis
- 10.5.10.4. recent developments
- 10.5.10.5. strategies
- 10.5.10.6. financials (based on availability)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook