Automotive Air Conditioning Market

Automotive Air Conditioning Market by Technology (Manual and Automatic), by Vehicles (Passenger Cars, Light Commercial Vehicles (LCVs), and Heavy Commercial Vehicles (HCVs)), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

  • Report ID: AL-251
  • Author: Growth Market Reports
  • Rating: 5.2
  • Total Reviews: 9
  • No. Of Pages: 190
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The global automotive air conditioning market is projected to expand at a CAGR of 8.5% during the forecast period, 2021-2028.The growth of the market is attributed to the increasing demand for passenger vehicles owing to increasing disposable income. Furthermore, rising need for comfortable and luxurious travel is driving the market growth.

Automotive Air Conditioning Market Key Takeaways


An automotive air conditioning unit has become an essential part of the passenger vehicles, as it offers different comfort features that can directly influence customer’s choice. These units provide automatic temperature control features, fogging sensors, and controls to vary the fan speed.

Market Drivers, Restraints, Trends, and Opportunities

  • Swift changes in lifestyles and growing population is anticipated to spur the market growth.
  • The marginal cost of sensors and integration of automated climate control features in the AC units are expected to drive the market growth during the forecast period.
  • Private car rental players are intended to make air conditioning as a basic feature in their cars to improve the customer satisfaction, which is anticipated to spur the market growth in the foreseeable future.
  • Innovations such as energy efficient and eco-friendly AC units are the recent trends of the market. Manufacturers are encouraged to design units with lower weight and compact systems to improve the performance of vehicles and adaptability in the same.
  • Government initiatives to introduce energy efficient and green technology solutions are expected to positively influence the market growth.
  • Growing awareness among consumers regarding the decline in environmental conditions due to increasing CO2 emissions is expected to create lucrative opportunities for the product development in the market.
 

Scope of the report

The report on the global automotive air conditioning market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report
 

Attributes

Details

Report Title

Automotive Air Conditioning Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technology (Manual and Automatic), by Vehicles (Passenger Cars, Light Commercial Vehicles (LCVs), and Heavy Commercial Vehicles (HCVs))

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

Brose Fahrzeugteile GmbH & Co. Kg, Air International Thermal Systems, Hanon Systems, Calsonic Kansei, DelStar Technologies, Denso Corporation, and Engineered Plastic Components. Other leading vendors include Japan Climate Systems Corporation, Sensata Technologies, Sanden Holdings Corporation, and Valeo Group

 

 Global Air Conditioning Market Segment Insights

In terms of technology, the market is divided into manual and automatic. In manual systems, the user need to select the blower settings and control the temperature manually, which may consume lot of consumer’s time . Moreover, its low efficiency is expected to restrain the market growth. On the other hand, the automatic segment is speculated to exhibit a CAGR of over 9.5% owing to its several advantages over manual systems. Furthermore, evolving consumer preferences and increasing demand for luxury vehicles are some of the key factors driving the growth of the automatic AC system segment.

Automotive Air Conditioning Market By technology


Based on vehicles, the market has been segmented into passenger cars, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). The availability of various financial schemes and rising disposal income are the prime factors driving the growth of the passenger cars segment during the forecast period. On the other hand, the demand for automotive AC systems in LCVs is expected to rise at a healthy pace owing to increasing demand from rural & urban areas. This is speculated to propel the growth of the light commercial vehicles (LCVs) segment.

Automotive Air Conditioning Market By Vehicles


In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to witness an impressive growth due to the presence of major automobile manufacturers and the large scale production of vehicles in this region. Emerging nations such as India, South Korea, and China are witnessing an escalating vehicle demand owing to the various initiatives taken by the state government bodies to revive the automotive industry in these countries. The market in North America is anticipated to expand at a CAGR of 8% during the forecast period. This due to the the improving macroeconomic conditions and rising investment in the R&D activities.

Automotive Air Conditioning Market By Regions

 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Air Conditioning Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Air Conditioning Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Air Conditioning Market - Supply Chain
  4.5. Global Automotive Air Conditioning Market Forecast
     4.5.1. Automotive Air Conditioning Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Air Conditioning Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Air Conditioning Market Absolute $ Opportunity
5. Global Automotive Air Conditioning Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Air Conditioning Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Air Conditioning Demand Share Forecast, 2019-2026
6. North America Automotive Air Conditioning Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Air Conditioning Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Air Conditioning Demand Share Forecast, 2019-2026
7. Latin America Automotive Air Conditioning Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Air Conditioning Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Air Conditioning Demand Share Forecast, 2019-2026
8. Europe Automotive Air Conditioning Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Air Conditioning Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Air Conditioning Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Air Conditioning Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Air Conditioning Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Air Conditioning Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Air Conditioning Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Air Conditioning Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Air Conditioning Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Air Conditioning Market: Market Share Analysis
  11.2. Automotive Air Conditioning Distributors and Customers
  11.3. Automotive Air Conditioning Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Technology

  • Manual
  • Automatic
Vehicles
  • Passenger cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

 

Major players competing in the global automotive air conditioning market are Brose Fahrzeugteile GmbH & Co. Kg, Air International Thermal Systems, Hanon Systems, Calsonic Kansei, DelStar Technologies, Denso Corporation, and Engineered Plastic Components. Other leading vendors include Japan Climate Systems Corporation, Sensata Technologies, Sanden Holdings Corporation, and Valeo Group.

Key market players are investing in the R&D initiatives to develop innovative air conditioning systems that are cost-effective and environment friendly. They are also engaging in building partnerships to increase their product portfolio and acquire a major market share.

Automotive Air Conditioning Market By Key Players

 

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