Automotive HVAC (Heating, Ventilation, and Air Conditioning) Market By Type (Automatic & Manual HVAC System), Application (Light Commercial Vehicles (LCV), Passenger Cars, Heavy Commercial Vehicles (HCV)) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Revival of the automotive industry post economic recession and rising disposable income resulting in growing desire for luxury and comfort in automotives are collectively expected to favor market demand over the forecast period 2016 – 2022. In addition, growing preference for private vehicle ownership owing to the availability of private financing schemes has had positive impact on the market growth. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 7.9% during the forecast period 2016 – 2022. The HVAC (Heating, Ventilation, and Air Conditioning) equipment market  is expected to exceed US$ 21.0 Bn by 2022.

Automotive HVAC Market

1.1    Market Scope and Segmentation

This report analyzes the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market in terms of type, application, and geographical distribution. On the basis of type, the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market is segmented into automatic HVAC systems and manual HVAC systems. Similarly, on the basis of application (vehicle type), the automotive HVAC (Heating, Ventilation, and Air Conditioning) market is further classified into passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The geographical distribution of the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Automotive HVAC Market

1.2    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Automotive HVAC (Heating, Ventilation, and Air Conditioning) Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2022” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market.

Target Audience

  • Industry Investors
  • HVAC System Manufacturers
  • Automobile Manufacturers
  • Integrators and Assemblers
  • End-users

USP and Key Offerings

The report titled “Global Automotive HVAC (Heating, Ventilation, and Air Conditioning) Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2022” offers strategic insights into the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market along with the market size and estimates for the duration 2013 to 2022. The said research study covers in-depth analysis of multiple market segments based on type, application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading industry particpants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the automotive HVAC (Heating, Ventilation, and Air Conditioning) market
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Value Chain Analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market, offering market size and estimates for the period from 2013 to 2022, keeping in mind the above mentioned factors.

On the basis of application, the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market is categorized into following segments:

  • Light Commercial Vehicles (LCV)
  • Passenger Cars
  • Heavy Commercial Vehicles (HCV)

The contribution of these application segments to the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market in 2015 is as shown in the figure below

Automotive HVAC Market

In the base year of 2015, the passenger cars dominated global automotive HVAC market. The segment accounted for around two third of the global automotive HVAC market revenue in the same year. The trend shall prolong and the segment is presumed to retain its dominating position throughout the forecast period 2016 -2022. The demand for HVAC systems from the passenger car segment is expected to remain strong during the forecast period 2016 – 2022, majorly supported by steady rise in passenger vehicle demand. In addition, growing luxury vehicle sales and improved public infrastructure across the globe are also expected to contribute towards the market growth. The markets for HVAC systems in light commercial and heavy commercial vehicles are still in infancy and offers healthy growth opportunities for manufacturers.

On the basis of geography, the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market is segmented into following regions and countries.

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global automotive HVAC market in 2014 is as shown in the figure below.

Automotive HVAC Market

In the base year of 2015, Asia Pacific was the largest automotive HVAC market worldwide. The region accounted for over 39% of the global market revenue in the same year. The trend shall continue and the region is presumed to remain the largest automotive HVAC market over the forecast period 2016 – 2022. The region is home to large base of automobile manufacturers, HVAC manufacturers, and integrators/assemblers. In addition, government initiatives to restore growth in the automobile industry, growing population, and rising disposable income have collectively spurred market growth in the region. The automotive industry in developed economies like North America and Western Europe witnessed a gradual slow down in the last few years owing to the unstable economic conditions. However, with financial markets showing economic stability, the automotive industry in these regions is poised to regain its original growth levels, offering the necessary push to the market growth.

Choose License Type
Published Date:  Jun 2016
Category:  Automotive & Transportation
Report ID:   57946
Report Format:   PDF
Pages:   120
Rating:    4.1 (40)
Connect With Us
+1-408-641-3282
24/7 Research Support