Automotive Climate Control System Market Is Expected To Grow At A CAGR Of 14.92% By 2023

Automotive Climate Control System Market Research Report – Global Forecast To 2023
Global Automotive Climate Control System Market Information by Technology (Automatic and Manual), By Vehicle Type (Passenger Vehicle and Commercial Vehicle), and Region – Forecast To 2023

Market Highlights:

The surge in demand for electric vehicle is expected to directly compliment the increasing demand in the automotive climate control market. Increasing electrification of automobiles was one of the main factors that created a market for climate control in automobiles in the first place. Development of advanced electric and hybrid vehicles will further provide growth prospects in this market. However, capital intensive market is the major restraint that could hinder the market.

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Key Players of Automotive Climate Control System Market:

  • Valeo S.A. (France)
  • Sanden Corporation (Japan)
  • Hanon System (South Korea)
  • Denso Corporation (Japan)
  • Eberspächer Group (Germany)
  • Bergstrom Inc. (U.S.)
  • Mahle GmbH (Germany)
  • Calsonic Kansei Corporation (Japan)
  • Keihin Corporation (Japan)
  • Air International Thermal System (Australia)

Market Research Analysis:

The global automotive climate control system market has been analyzed based on the two segments, namely technology and vehicle type across four geographic regions. Based on technology, the market has been segmented as automatic and manual. The automatic automotive climate control system accounted for the largest share in 2016. The benefit of the automatic climate control is that it enables the occupants of a vehicle to set a specified temperature for one area within the automobile. This temperature is then regulated by the climate control system, which determines how best to maintain the current environment.

Based on vehicle type, the market has been segmented as passenger vehicle and commercial vehicle. The passenger vehicle market segment accounted for 63% of the global market in 2016. With the increase in income levels the passenger vehicle market segment has witnessed a significant rise in production and sales, which resulted in a number of developments of the market. 

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Scope of the Report:

This study provides an overview of the global automotive climate control system market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive climate control system market by its technology, by vehicle type and region.

By Technology

  • Automatic
  • Manual

By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

By Region

  • Asia Pacific
  • North America
  • Europe
  • Rest of World

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