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Automotive HVAC Market 2024-2032 Analysis: Trends, Competitor Dynamics, and Growth Opportunities

Automotive HVAC Market by Type (Automatic, Manual), by Vehicle Type (Passenger Cars, Commercial Vehicles), by Component (Compressor, Condenser, Evaporator, Receiver Dryer, Expansion Valve, Others), by By Geography (North America), by Europe (U.K., Germany, France, RoE), by Asia Pacific (China, Japan, India, South Korea, RoAPAC) Forecast 2024-2032

Nov 4 2024
Base Year: 2023
150 Pages
Market Research Future Logo

Automotive HVAC Market 2024-2032 Analysis: Trends, Competitor Dynamics, and Growth Opportunities

Key Insights

The Automotive HVAC Market size was valued at USD 74.27 USD Billion in 2023 and is projected to reach USD 95.78 USD Billion by 2032, exhibiting a CAGR of 3.7 % during the forecast period. The heating, ventilation and air conditioning (HVAC) system of automobiles is used to regulate the interior temperature of automobiles. Automotive HVAC systems contain various components that not only remove and add heat, but also support the cleaning of the air circulating in vehicles. It automatically controls temperature, controls humidity and removes moisture from the air circulating in the car. This improved thermal comfort for passengers and drivers. Heating, ventilation and air conditioning (HVAC) systems in cars transfer heat from low to high temperatures according to pressure, this is called refrigeration. Market growth involves several responsible aspects. In particular, there is a growing demand for automatic air conditioning and heating systems in all cars. In addition, people drive long distances in the urban sector, after which the need for HVAC is greater. Factors such as climate change and global warming are increasing global temperatures, resulting in high temperatures in cars. Moreover, the awareness of automotive refrigerants in the HVAC system has slowly led to the demand for technologically advanced HVAC systems, increasing their sales.

Automotive HVAC Market Research Report - Market Size, Growth & Forecast

Automotive HVAC Trends

  • Increased focus on fuel efficiency and emission reduction
  • Growing adoption of advanced technologies such as electric compressors and thermal management systems
  • Integration of smart features and connectivity in HVAC systems

Driving Forces: What's Propelling the Automotive HVAC Market

  • Escalating Demand for Climate Control Systems: Fluctuating weather conditions and rising consumer expectations for comfort and convenience are fueling the demand for effective climate control systems in vehicles.
  • Growth in Automobile Production: The expansion of the automotive industry, particularly in emerging markets, is creating a wider demand for HVAC systems.
  • Adoption of Electric Vehicles: Electric vehicles require specialized HVAC systems to manage cabin temperature without relying on the engine's heat.

Challenges and Restraints in Automotive HVAC Market

  • High Manufacturing Costs: The complex design and production processes of automotive HVAC systems contribute to their relatively high manufacturing costs.
  • Stringent Environmental Regulations: Regulations aimed at reducing refrigerant emissions and improving energy efficiency pose challenges for manufacturers.
  • Space Constraints: Limited space in vehicles, especially in compact models, can hinder the installation of efficient HVAC systems.

Emerging Trends in Automotive HVAC

  • Thermal Management Systems: Advanced systems optimize temperature regulation by combining HVAC systems with other vehicle components, such as batteries and electronics.
  • Integrated Control Systems: HVAC systems are becoming increasingly integrated with other vehicle systems, enabling remote control and personalized comfort settings.
  • Smart and Connected HVAC: Vehicle HVAC systems are being connected to the internet, allowing remote access and monitoring through mobile applications.

Growth Catalysts in Automotive HVAC Industry

Automotive HVAC Market Growth
  • Government Initiatives: Regulatory support for fuel efficiency and emission reduction promotes the adoption of advanced HVAC technologies.
  • Technological Advancements: Ongoing innovation in compressor design, refrigerant types, and control systems enhances system efficiency and performance.
  • Rising Consumer Awareness: Increasing awareness of the importance of cabin comfort and air quality is driving demand for effective HVAC systems.

Market Segmentation: Automotive HVAC Analysis

Type:

  • Automatic
  • Manual

Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

Component:

  • Compressor
  • Condenser
  • Evaporator
  • Receiver Dryer
  • Expansion Valve
  • Others

Leading Players in the Automotive HVAC Market

  • Mahle GmbH (Germany)
  • Japan Climate Systems Corporation (Japan)
  • Sanden Corp (Japan)
  • Highly Marelli Holdings (Japan)
  • Eberspacher Group GmbH & Co. KG (Germany)
  • Valeo S.A (France)
  • Denso Corporation (Japan)
  • Hanon Systems (South Korea)
  • Hella Gmbh (Germany)
  • Brose Fahrzeugteile GmbH & Co. Kg (Germany)

Significant developments in Automotive HVAC Sector

February 2024: Birmingham University Researchers announced the development of a microwave-based thermochemical system for EV climate control. September 2023: DENSO CORPORATION developed an advanced cooling system called Everycool for commercial vehicles. March 2021: Sanden Holdings partnered with Hisense Group to focus on thermal management systems. February 2021: MAHLE acquired Keihin Corporation's air conditioning business. October 2020: Gentherm supplied ClimateSense system for the Cadillac CELESTIQ, featuring individualized comfort settings.

Comprehensive Coverage Automotive HVAC Market Report

  • Regional Insight: North America, Europe, Asia-Pacific, South America, and Middle East & Africa
  • Pricing Strategies: Analysis of pricing trends and competitive dynamics
  • DROCs: Detailed information on market opportunities and competitive landscape
  • Segmentation: Comprehensive analysis of key market segments
  • SWOT Analysis: Evaluation of strengths, weaknesses, opportunities, and threats

Regional Insight

The Asia-Pacific region is anticipated to dominate the market landscape owing to the burgeoning automotive industry in nations such as China and India, resulting in elevated production and sales of vehicles. This growth is further fueled by government initiatives promoting electric vehicles and stringent emission regulations.

North America and Europe are also significant markets for automotive HVAC systems due to the presence of established automotive manufacturers and a growing demand for premium vehicles with advanced comfort features. However, the market in these regions is expected to witness slower growth compared to the Asia-Pacific region, due to market saturation and stringent environmental regulations.

South America and the Middle East and Africa are emerging markets for automotive HVAC systems, driven by the increasing penetration of automobiles and rising consumer spending. However, these regions are expected to face challenges due to economic fluctuations and underdeveloped infrastructure.

Automotive HVAC Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 3.7% from 2018-2032
Segmentation
    • By Type
      • Automatic
      • Manual
    • By Vehicle Type
      • Passenger Cars
      • Commercial Vehicles
    • By Component
      • Compressor
      • Condenser
      • Evaporator
      • Receiver Dryer
      • Expansion Valve
      • Others
  • By Geography
    • By Geography
      • North America
    • Europe
      • U.K.
      • Germany
      • France
      • RoE
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • RoAPAC

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Rising Demand for Passenger Comfort Features to Drive Market Growth
      • 3.3. Market Restrains
        • 3.3.1. High Manufacturing Cost May Hamper Market Growth
      • 3.4. Market Trends
        • 3.4.1. Increasing Adoption of AI-Enabled Advanced Climate Control Systems to Emerge As Prominent Market Trend
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Automotive HVAC Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Type
      • 5.1.1. Automatic
      • 5.1.2. Manual
    • 5.2. Market Analysis, Insights and Forecast - by Vehicle Type
      • 5.2.1. Passenger Cars
      • 5.2.2. Commercial Vehicles
    • 5.3. Market Analysis, Insights and Forecast - by Component
      • 5.3.1. Compressor
      • 5.3.2. Condenser
      • 5.3.3. Evaporator
      • 5.3.4. Receiver Dryer
      • 5.3.5. Expansion Valve
      • 5.3.6. Others
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. By Geography
      • 5.4.2. Europe
      • 5.4.3. Asia Pacific
  6. 6. By Geography Automotive HVAC Market Analysis, Insights and Forecast, 2018-2030
    • 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
  7. 7. Europe Automotive HVAC Market Analysis, Insights and Forecast, 2018-2030
    • 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
  8. 8. Asia Pacific Automotive HVAC Market Analysis, Insights and Forecast, 2018-2030
    • 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
  9. 9. North America Automotive HVAC Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Type
        • 9.1.1. Automatic and Manual
      • 9.2. Market Analysis, Insights and Forecast - By Vehicle Type
        • 9.2.1. Passenger Cars and 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 and Others
      • 9.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 9.4.1 U.S.
        • 9.4.2 Canada
        • 9.4.3 Mexico
  10. 10. Europe Automotive HVAC Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Type
        • 10.1.1. Automatic and Manual
      • 10.2. Market Analysis, Insights and Forecast - By Vehicle Type
        • 10.2.1. Passenger Cars and Commercial Vehicles
      • 10.3. Market Analysis, Insights and Forecast - By Component
        • 10.3.1 Compressor
        • 10.3.2 Condenser
        • 10.3.3 Evaporator
        • 10.3.4 Receiver Dryer
        • 10.3.5 Expansion Valve and Others
      • 10.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 10.4.1 U.K.
        • 10.4.2 Germany
        • 10.4.3 France
        • 10.4.4 RoE
  11. 11. Asia Pacific Automotive HVAC Market Analysis, Insights and Forecast, 2018-2030
      • 11.1. Market Analysis, Insights and Forecast - By Type
        • 11.1.1. Automatic and Manual
      • 11.2. Market Analysis, Insights and Forecast - By Vehicle Type
        • 11.2.1. Passenger Cars and Commercial Vehicles
      • 11.3. Market Analysis, Insights and Forecast - By Component
        • 11.3.1 Compressor
        • 11.3.2 Condenser
        • 11.3.3 Evaporator
        • 11.3.4 Receiver Dryer
        • 11.3.5 Expansion Valve and Others
      • 11.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 11.4.1 China
        • 11.4.2 Japan
        • 11.4.3 India
        • 11.4.4 South Korea
        • 11.4.5 RoAPAC
  12. 12. Competitive Analysis
    • 12.1. Global Market Share Analysis 2023
      • 12.2. Company Profiles
        • 12.2.1 Mahle GmbH (Germany)
          • 12.2.1.1. Overview
          • 12.2.1.2. Products
          • 12.2.1.3. SWOT Analysis
          • 12.2.1.4. Recent Developments
          • 12.2.1.5. Financials (Based on Availability)
        • 12.2.2 Japan Climate Systems Corporation (Japan)
          • 12.2.2.1. Overview
          • 12.2.2.2. Products
          • 12.2.2.3. SWOT Analysis
          • 12.2.2.4. Recent Developments
          • 12.2.2.5. Financials (Based on Availability)
        • 12.2.3 Sanden Corp (Japan)
          • 12.2.3.1. Overview
          • 12.2.3.2. Products
          • 12.2.3.3. SWOT Analysis
          • 12.2.3.4. Recent Developments
          • 12.2.3.5. Financials (Based on Availability)
        • 12.2.4 Highly Marelli Holdings (Japan)
          • 12.2.4.1. Overview
          • 12.2.4.2. Products
          • 12.2.4.3. SWOT Analysis
          • 12.2.4.4. Recent Developments
          • 12.2.4.5. Financials (Based on Availability)
        • 12.2.5 Eberspacher Group GmbH & Co. KG (Germany)
          • 12.2.5.1. Overview
          • 12.2.5.2. Products
          • 12.2.5.3. SWOT Analysis
          • 12.2.5.4. Recent Developments
          • 12.2.5.5. Financials (Based on Availability)
        • 12.2.6 Valeo S.A (France)
          • 12.2.6.1. Overview
          • 12.2.6.2. Products
          • 12.2.6.3. SWOT Analysis
          • 12.2.6.4. Recent Developments
          • 12.2.6.5. Financials (Based on Availability)
        • 12.2.7 Denso Corporation (Japan)
          • 12.2.7.1. Overview
          • 12.2.7.2. Products
          • 12.2.7.3. SWOT Analysis
          • 12.2.7.4. Recent Developments
          • 12.2.7.5. Financials (Based on Availability)
        • 12.2.8 Hanon Systems (South Korea)
          • 12.2.8.1. Overview
          • 12.2.8.2. Products
          • 12.2.8.3. SWOT Analysis
          • 12.2.8.4. Recent Developments
          • 12.2.8.5. Financials (Based on Availability)
        • 12.2.9 Hella Gmbh (Germany)
          • 12.2.9.1. Overview
          • 12.2.9.2. Products
          • 12.2.9.3. SWOT Analysis
          • 12.2.9.4. Recent Developments
          • 12.2.9.5. Financials (Based on Availability)
        • 12.2.10 Brose Fahrzeugteile GmbH & Co. Kg (Germany)
          • 12.2.10.1. Overview
          • 12.2.10.2. Products
          • 12.2.10.3. SWOT Analysis
          • 12.2.10.4. Recent Developments
          • 12.2.10.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Automotive HVAC Market Revenue Breakdown (USD Billion, %) by Region 2023 & 2031
  2. Figure 2: Global Automotive HVAC Market Revenue (USD Billion), by Type 2023 & 2031
  3. Figure 3: Global Automotive HVAC Market Revenue Share (%), by Type 2023 & 2031
  4. Figure 4: Global Automotive HVAC Market Forecast (USD Billion), by Automatic 2020 & 2031
  5. Figure 5: Global Automotive HVAC Market Forecast (USD Billion), by Manual 2020 & 2031
  6. Figure 6: Global Automotive HVAC Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  7. Figure 7: Global Automotive HVAC Market Revenue Share (%), by Vehicle Type 2023 & 2031
  8. Figure 8: Global Automotive HVAC Market Forecast (USD Billion), by Passenger Cars 2020 & 2031
  9. Figure 9: Global Automotive HVAC Market Forecast (USD Billion), by Commercial Vehicles 2020 & 2031
  10. Figure 10: Global Automotive HVAC Market Revenue (USD Billion), by Component 2023 & 2031
  11. Figure 11: Global Automotive HVAC Market Revenue Share (%), by Component 2023 & 2031
  12. Figure 12: Global Automotive HVAC Market Forecast (USD Billion), by Compressor 2020 & 2031
  13. Figure 13: Global Automotive HVAC Market Forecast (USD Billion), by Condenser 2020 & 2031
  14. Figure 14: Global Automotive HVAC Market Forecast (USD Billion), by Evaporator 2020 & 2031
  15. Figure 15: Global Automotive HVAC Market Forecast (USD Billion), by Receiver Dryer 2020 & 2031
  16. Figure 16: Global Automotive HVAC Market Forecast (USD Billion), by Expansion Valve 2020 & 2031
  17. Figure 17: Global Automotive HVAC Market Forecast (USD Billion), by Others 2020 & 2031
  18. Figure 18: Global Automotive HVAC Market Revenue (USD Billion), by Region 2023 & 2031
  19. Figure 19: Global Automotive HVAC Market Revenue Share (%), by Region 2023 & 2031
  20. Figure 20: North America Automotive HVAC Market Revenue (USD Billion), by Type 2023 & 2031
  21. Figure 21: North America Automotive HVAC Market Revenue Share (%), by Type 2023 & 2031
  22. Figure 22: North America Automotive HVAC Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  23. Figure 23: North America Automotive HVAC Market Revenue Share (%), by Vehicle Type 2023 & 2031
  24. Figure 24: North America Automotive HVAC Market Revenue (USD Billion), by Component 2023 & 2031
  25. Figure 25: North America Automotive HVAC Market Revenue Share (%), by Component 2023 & 2031
  26. Figure 26: North America Automotive HVAC Market Revenue (USD Billion), by Country 2023 & 2031
  27. Figure 27: North America Automotive HVAC Market Revenue Share (%), by Country 2023 & 2031
  28. Figure 28: Europe Automotive HVAC Market Revenue (USD Billion), by Type 2023 & 2031
  29. Figure 29: Europe Automotive HVAC Market Revenue Share (%), by Type 2023 & 2031
  30. Figure 30: Europe Automotive HVAC Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  31. Figure 31: Europe Automotive HVAC Market Revenue Share (%), by Vehicle Type 2023 & 2031
  32. Figure 32: Europe Automotive HVAC Market Revenue (USD Billion), by Component 2023 & 2031
  33. Figure 33: Europe Automotive HVAC Market Revenue Share (%), by Component 2023 & 2031
  34. Figure 34: Europe Automotive HVAC Market Revenue (USD Billion), by Country 2023 & 2031
  35. Figure 35: Europe Automotive HVAC Market Revenue Share (%), by Country 2023 & 2031
  36. Figure 36: Asia Pacific Automotive HVAC Market Revenue (USD Billion), by Type 2023 & 2031
  37. Figure 37: Asia Pacific Automotive HVAC Market Revenue Share (%), by Type 2023 & 2031
  38. Figure 38: Asia Pacific Automotive HVAC Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  39. Figure 39: Asia Pacific Automotive HVAC Market Revenue Share (%), by Vehicle Type 2023 & 2031
  40. Figure 40: Asia Pacific Automotive HVAC Market Revenue (USD Billion), by Component 2023 & 2031
  41. Figure 41: Asia Pacific Automotive HVAC Market Revenue Share (%), by Component 2023 & 2031
  42. Figure 42: Asia Pacific Automotive HVAC Market Revenue (USD Billion), by Country 2023 & 2031
  43. Figure 43: Asia Pacific Automotive HVAC Market Revenue Share (%), by Country 2023 & 2031
  44. Figure 44: By Geography Automotive HVAC Market Revenue (USD Billion), by Type 2023 & 2031
  45. Figure 45: By Geography Automotive HVAC Market Revenue Share (%), by Type 2023 & 2031
  46. Figure 46: By Geography Automotive HVAC Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  47. Figure 47: By Geography Automotive HVAC Market Revenue Share (%), by Vehicle Type 2023 & 2031
  48. Figure 48: By Geography Automotive HVAC Market Revenue (USD Billion), by Component 2023 & 2031
  49. Figure 49: By Geography Automotive HVAC Market Revenue Share (%), by Component 2023 & 2031
  50. Figure 50: By Geography Automotive HVAC Market Revenue (USD Billion), by Country 2023 & 2031
  51. Figure 51: By Geography Automotive HVAC Market Revenue Share (%), by Country 2023 & 2031
  52. Figure 52: Europe Automotive HVAC Market Revenue (USD Billion), by Type 2023 & 2031
  53. Figure 53: Europe Automotive HVAC Market Revenue Share (%), by Type 2023 & 2031
  54. Figure 54: Europe Automotive HVAC Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  55. Figure 55: Europe Automotive HVAC Market Revenue Share (%), by Vehicle Type 2023 & 2031
  56. Figure 56: Europe Automotive HVAC Market Revenue (USD Billion), by Component 2023 & 2031
  57. Figure 57: Europe Automotive HVAC Market Revenue Share (%), by Component 2023 & 2031
  58. Figure 58: Europe Automotive HVAC Market Revenue (USD Billion), by Country 2023 & 2031
  59. Figure 59: Europe Automotive HVAC Market Revenue Share (%), by Country 2023 & 2031
  60. Figure 60: Asia Pacific Automotive HVAC Market Revenue (USD Billion), by Type 2023 & 2031
  61. Figure 61: Asia Pacific Automotive HVAC Market Revenue Share (%), by Type 2023 & 2031
  62. Figure 62: Asia Pacific Automotive HVAC Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  63. Figure 63: Asia Pacific Automotive HVAC Market Revenue Share (%), by Vehicle Type 2023 & 2031
  64. Figure 64: Asia Pacific Automotive HVAC Market Revenue (USD Billion), by Component 2023 & 2031
  65. Figure 65: Asia Pacific Automotive HVAC Market Revenue Share (%), by Component 2023 & 2031
  66. Figure 66: Asia Pacific Automotive HVAC Market Revenue (USD Billion), by Country 2023 & 2031
  67. Figure 67: Asia Pacific Automotive HVAC Market Revenue Share (%), by Country 2023 & 2031
List of Tables
  1. Table 1: Global Automotive HVAC Market Revenue USD Billion Forecast, by Type 2018 & 2031
  2. Table 2: Global Automotive HVAC Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  3. Table 3: Global Automotive HVAC Market Revenue USD Billion Forecast, by Component 2018 & 2031
  4. Table 4: Global Automotive HVAC Market Revenue USD Billion Forecast, by Region 2018 & 2031
  5. Table 5: Global Automotive HVAC Market Revenue USD Billion Forecast, by Type 2018 & 2031
  6. Table 6: Global Automotive HVAC Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  7. Table 7: Global Automotive HVAC Market Revenue USD Billion Forecast, by Component 2018 & 2031
  8. Table 8: Global Automotive HVAC Market Revenue USD Billion Forecast, by Region 2018 & 2031
  9. Table 9: Global Automotive HVAC Market Revenue USD Billion Forecast, by Type 2018 & 2031
  10. Table 10: Global Automotive HVAC Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  11. Table 11: Global Automotive HVAC Market Revenue USD Billion Forecast, by Component 2018 & 2031
  12. Table 12: Global Automotive HVAC Market Revenue USD Billion Forecast, by Country 2018 & 2031
  13. Table 13: U.S. Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  14. Table 14: Canada Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  15. Table 15: Mexico Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  16. Table 16: Global Automotive HVAC Market Revenue USD Billion Forecast, by Type 2018 & 2031
  17. Table 17: Global Automotive HVAC Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  18. Table 18: Global Automotive HVAC Market Revenue USD Billion Forecast, by Component 2018 & 2031
  19. Table 19: Global Automotive HVAC Market Revenue USD Billion Forecast, by Country 2018 & 2031
  20. Table 20: U.K. Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  21. Table 21: Germany Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  22. Table 22: France Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  23. Table 23: RoE Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  24. Table 24: Global Automotive HVAC Market Revenue USD Billion Forecast, by Type 2018 & 2031
  25. Table 25: Global Automotive HVAC Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  26. Table 26: Global Automotive HVAC Market Revenue USD Billion Forecast, by Component 2018 & 2031
  27. Table 27: Global Automotive HVAC Market Revenue USD Billion Forecast, by Country 2018 & 2031
  28. Table 28: China Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  29. Table 29: Japan Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  30. Table 30: India Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  31. Table 31: South Korea Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  32. Table 32: RoAPAC Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  33. Table 33: Global Automotive HVAC Market Revenue USD Billion Forecast, by Type 2018 & 2031
  34. Table 34: Global Automotive HVAC Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  35. Table 35: Global Automotive HVAC Market Revenue USD Billion Forecast, by Component 2018 & 2031
  36. Table 36: Global Automotive HVAC Market Revenue USD Billion Forecast, by Country 2018 & 2031
  37. Table 37: North America Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  38. Table 38: Global Automotive HVAC Market Revenue USD Billion Forecast, by Type 2018 & 2031
  39. Table 39: Global Automotive HVAC Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  40. Table 40: Global Automotive HVAC Market Revenue USD Billion Forecast, by Component 2018 & 2031
  41. Table 41: Global Automotive HVAC Market Revenue USD Billion Forecast, by Country 2018 & 2031
  42. Table 42: U.K. Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  43. Table 43: Germany Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  44. Table 44: France Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  45. Table 45: RoE Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  46. Table 46: Global Automotive HVAC Market Revenue USD Billion Forecast, by Type 2018 & 2031
  47. Table 47: Global Automotive HVAC Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  48. Table 48: Global Automotive HVAC Market Revenue USD Billion Forecast, by Component 2018 & 2031
  49. Table 49: Global Automotive HVAC Market Revenue USD Billion Forecast, by Country 2018 & 2031
  50. Table 50: China Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  51. Table 51: Japan Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  52. Table 52: India Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  53. Table 53: South Korea Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  54. Table 54: RoAPAC Automotive HVAC Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 3.7% from 2018-2032
Segmentation
    • By Type
      • Automatic
      • Manual
    • By Vehicle Type
      • Passenger Cars
      • Commercial Vehicles
    • By Component
      • Compressor
      • Condenser
      • Evaporator
      • Receiver Dryer
      • Expansion Valve
      • Others
  • By Geography
    • By Geography
      • North America
    • Europe
      • U.K.
      • Germany
      • France
      • RoE
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • RoAPAC

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.

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