Automotive

Global Automotive HVAC Market Growth Will Escalate Rapidly 2019-2026 by Global Top Brands Keihin Corporation, Sensata Technologies Inc., SANDEN HOLDINGS CORPORATION, Calsonic Kansei Corporation

Global Automotive HVAC Market

The scope of Global Automotive HVAC Market report can be broadened from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. When every business is competing to win the race, a market research report is one of the major factors that will help to succeed. The report provides an explanation about market trends, future prospects, market restraints, leading market drivers, market segments, key developments, key players in the market, and competitor strategies. Global Automotive HVAC Market report is very consistent as all the data and information regarding the industry are derived via authentic sources such as websites, journals, annual reports of the companies, and magazines.

Due to the rising demand for passenger vehicles all over the world, major car manufacturing companies are focused on increasing the comfort level of these vehicles to increase their sales even higher. This trend will drive the market to an estimated value of USD 28.85 billion by 2025 raising the initial estimated value of USD 14.16 billion in 2017, registering a CAGR of 9.1% in the forecast period of 2018-2025.

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Key Market Competitors: 

Few of the major competitors currently working in the Global Automotive HVAC Market are Keihin Corporation, Sensata Technologies Inc., SANDEN HOLDINGS CORPORATION, Calsonic Kansei Corporation, Valeo, DENSO CORPORATION, Johnson Electric Holdings Limited, Hanon Systems, JAPAN CLIMATE SYSTEMS CORPORATION, MAHLE GmbH, MITSUBISHI HEAVY INDUSTRIES LTD., OMEGA Environmental Technologies, Trans/Air Manufacturing Corp., Kongsberg Automotive, Imasen Electric Industrial Co. Ltd., Eberspächer, Air International Thermal Systems, Delphi Technologies, Brose Fahrzeugteile GmbH & Co., TOYOTA INDUSTRIES CORPORATION, Xiezhong International Holdings Limited, and GENTHERM.

Global Automotive HVAC Market, By Technology (Manual, Automatic), Component (Evaporator, Compressor, Condenser, Receiver/Drier, Expansion Device), Vehicle Type (Passenger Cars, Commercial Vehicles), Geography (North America, South America, Europe, Asia Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025

Market Definition: 

The concept behind this technology is to maintain the optimum temperature and conditions inside the car for optimal comfort level of the passengers inside. The full-form of HVAC is Heating, Ventilating, and Air Conditioning. It involves elimination of unwanted elements present in the environment of the car. All three of these factors work in co-ordination with each other to reach the comfortable cabin environment.

Research objectives

  • To perceive the most influencing pivoting and hindering forces in Automotive HVAC Market and its footprint in the international market.
  • Learn about the market policies that are being endorsed by ruling respective organizations.
  • To gain a perceptive survey of the market and have an extensive interpretation of the Automotive HVAC Market and its materialistic landscape.
  • To understand the structure of Automotive HVAC Market by identifying its various sub segments.
  • Focuses on the key global Automotive HVAC Market  players, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the consumption of Automotive HVAC Market submarkets, with respect to key regions (along with their respective key countries).
  • To strategically profile the key players and comprehensively analyze their growth strategies
  • To analyze the Automotive HVAC Market with respect to individual growth trends, future prospects, and their contribution to the total market.

Market Drivers:

  • Innovation of technologies in the vehicle industry, with the introduction of automatic climate control, that controls the temperature of the car is driving the market growth
  • Working under the specified guidelines given by the regulatory authorities has also helped to grow the market due to its effects on the reduction of global warming

Market Restraints:

  • Initial installation of HVAC systems in vehicles is very expensive and this is one of the major restraint for market growth
  • The guidelines set forth by the authorities regarding the materials and chemicals to be used in HVAC systems is very stringent, which leaves little room for the market to grow and acts as a restraint

Competitive Analysis: 

The Global Automotive HVAC Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Automotive HVAC market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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Segmentation: 

  • By Technology
    • Manual
    • Automatic
  • By Component
    • Evaporator
    • Compressor
    • Condenser
    • Receiver/Drier
    • Expansion Device
  • By Vehicle Type
    • Passenger Cars
    • Commercial Vehicles
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
  • By Geography
    • North America
    • South America
    • Europe
    • Asia Pacific
    • Middle East and Africa

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