Global Automotive HVAC Market Growth 2023-2029

Global Automotive HVAC Market Growth 2023-2029

Automotive HVAC (HVAC is abbreviation for heating, ventilation and air conditioning systems) is a system consisting of three sub-systems that all work together to provide conditioned air to the cabin. The heating part can raise the temperature inside the car using heat from the engine. The ventilation part moves and directs the air within the cabin. And the air condition part can remove the heat from the car by cooling and dehumidifying the air with a refrigerant.
Automotive HVAC can make the drivers and passengers feel comfort and make driving pleasure, especially when the climate is harsh. The key components of a complete automotive HVAC system include heater core, thermostat, blower fan, HVAC controls, condenser, compressor and evaporator.
LPI (LP Information)' newest research report, the “Automotive HVAC Industry Forecast” looks at past sales and reviews total world Automotive HVAC sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive HVAC sales for 2023 through 2029. With Automotive HVAC sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive HVAC industry.
This Insight Report provides a comprehensive analysis of the global Automotive HVAC landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive HVAC portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive HVAC market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive HVAC and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive HVAC.
The global Automotive HVAC market size is projected to grow from US$ 25210 million in 2022 to US$ 30590 million in 2029; it is expected to grow at a CAGR of 30590 from 2023 to 2029.
In the market, the market concentration is relative high with the top 4 manufacturers (Denso, Hanon Systems, Valeo and MAHLE Behr) occupied market share more than 50%. These manufacturers have production plants around the world and supply products to automotive manufacturers around the world.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive HVAC market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Manual HVAC
Automatic HVAC
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Denso
Hanon Systems
Valeo
MAHLE Behr
Sanden
Calsonic Kansei
SONGZ Automobile
Eberspächer
Xinhang Yuxin
Keihin
Gentherm
South Air International
Bergstrom
Xiezhong International
Shanghai Velle
Subros
Hubei Meibiao
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive HVAC market?
What factors are driving Automotive HVAC market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive HVAC market opportunities vary by end market size?
How does Automotive HVAC break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.