San
Francisco, 22 November 2018 - The global automotive HVAC market size is anticipated to
reach USD 22.12 billion by 2022, according to a new study by Grand View
Research, Inc.
Price, energy efficiency, and technological
advancement are key factor affecting buying behavior. Development of
eco-friendly solutions owing to rising environmental concerns and lower the
carbon footprints is expected to provide competitive advantage to industry
players.
Industry players make huge investment in research
and development to enhance their offering and gain competitive edge for
instance; initiatives are taken to lower weight and size of system for better
adaptability Increasing demand for private vehicle owing to growing car rental
industry and rising average time spent in vehicles is anticipated to boost
industry growth. Additionally, easy automobile finance schemes may also favor
the global market.
Full
Research Report On Global Automotive HVAC Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/automotive-hvac-market
www.grandviewresearch.com/industry-analysis/automotive-hvac-market
Further
key findings from the report suggest:
- Passenger car segment is expected to witness
increase in demand owing to improving road infrastructure worldwide and is
estimated to grow at a CAGR of around 8% over the forecast period. Increasing
personnel mobility needs and growing urbanization is expected to boost
passenger HVAC demand over the forecast period. Popularity of electric or
hybrid vehicle is also anticipated to contribute to the overall revenue
growth. .
- Macroeconomic condition and regulation such as
mining ban in India may affect the demand of Heavy Commercial Vehicle
(HCV). Increasing LCVs demand particularly in rural areas is expected to
open new growth opportunities for the segment growth.
- Asia Pacific automotive HVAC market is
estimated to show growth owing to rising middle class population and
increasing disposable income. Presence of developing economies such as
India and China is expected to boost industry growth over the next seven
years. Increasing adoption of premium automobile brands in developing
nation such as India and Brazil may also provide growth opportunities for
industry players.
- According to Valeo Group, number of vehicle
produced in China has doubled since 2007, with more than 23 million
vehicle productions in 2014, which accounted for 27% of global production.
North America automotive HVAC market is anticipated to grow at a CAGR of
over 7.5% from 2015 to 2022.
- The key industry participants include Denso
Corporation, Hanon Systems, Mahle Behr GmbH, Valeo Group and Japan Climate
Systems Corporation. Other prominent vendors include Air International
Thermal Systems, Sanden Holdings Corporation, Calsonic Kansei, DelStar
Technologies, Brose Fahrzeugteile GmbH & Co. Kg, Engineered Plastic
Components, Johnson Electric, and Sensata Technologies.
- In October 2015, Aotecar New Energy Technology
Company Ltd acquired Air International Thermal Systems to offer integrated
air-conditioning systems to automobile manufacturers. In December 2013,
Air International Thermal Systems and Tata Toyo Radiator Limited signed a
joint venture to provide HVAC systems to the Indian automotive industry.
- In February 2015, Delphi entered into a
definitive agreement with MAHLE GmbH to sell its thermal business for USD
727 million. This acquisition has helped Mahle Group to increase its
market penetration and enhance its technological capability.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-transportation
www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the automotive HVAC market on the basis
of technology, vehicle type and region:
Automotive
HVAC Technology Outlook (USD Million, 2012 - 2022)
- Automatic
- Manual
Automotive
HVAC Vehicle Type Outlook (USD Million, 2012 - 2022)
- Passenger
Cars
- Light
Commercial Vehicles (LCVs)
- Heavy
Commercial Vehicles (HCVs)
Automotive
HVAC Regional Outlook (USD Million, 2012 - 2022)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- MEA
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/industry-analysis/automotive-hvac-market
www.grandviewresearch.com/industry-analysis/automotive-hvac-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
No comments:
Post a Comment