Automotive Air Conditioning Market Highlights:
The prominent players in the Automotive Air Conditioning market include:
Subros Limited (India), MAHLE GmbH (Germany), Valeo SA (France), SMAC Auto Air (New Zealand), Samvardhana Motherson Group (India), Mitsubishi Heavy Industries Ltd. (Japan), Denso Corporation (Japan), Keihin Corporation (Japan), Hanon Systems (South Korea), and Calsonic Kansei Corporation (Japan).
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Automotive Air Conditioning Market Drivers and Restraints:
With the increasing demand for commercial and passenger vehicles, initiatives from the government to build advanced air conditioning system and change in consumer preferences are considered some of the major factors influencing the global automotive air conditioning market. There also has been rise in the production of commercial and passenger vehicles over the recent past especially in regions such as Japan, China, and India owing to the availability of low-cost labor.
The increase in production is majorly due to the availability of low-cost labor, which attract many automakers to set up their base in countries such as India, China, and Japan. According to OICA, the sales of new vehicles have increased from 2013 to 2016. In 2013, the number of vehicles sold were 85.6 million while in 2016, it was 93.8 million. The increase in sales of new vehicle will result in higher installation of air conditioning in the vehicles, which will drive the market. The gradual change in the consumer preference has played a major role in the growth of automotive air conditioning market.
Automotive air conditioner system also helps to disinfect the air we breathe, thereby decreasing the attack of asthma and allergies by removing pollen and dust. The latest features such as Cadillac and comfort control are further triggering the demand for automotive air conditioning market during the assessment period.
Automotive Air Conditioning Market Segments Analysis:
The automotive air conditioning market is segmented based on technology, component, and vehicle type.
On the basis of technology, the market is segment into manual and automatic. The automatic technology is expected to dominate the market during the forecast period because it enables the occupants of a vehicle to set a specified temperature for one area within the automobile. The automatic air conditioning can monitor the temperature of a specified space without manual intervention. The mechanism of air conditioning system requires sensor that is placed within the system. These sensors read the current temperature of the area and matches the desire temperature defined by the occupant through the computer system within the vehicle.
On the basis of component, the market is segmented into compressor, evaporator, receiver and condenser. Compressors, are expected to dominate the market during the forecast period as they perform major tasks such as heat transfer, absorbs heat, and condense excess heat, which enter the air conditioning.
On the basis of vehicle type, the market is segmented into passenger car and commercial vehicle. Passenger car segment is expected to dominate the market during the forecast period due to the increase in the production and sales in Asia Pacific. The increase in the production of passenger cars will result in high installation of air conditioning systems in vehicles. The high installation will hence increase the sales and lead to the growth of the market in future.
Automotive Air Conditioning Market Regional Analysis:
Geographically, the automotive air conditioning market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, Asia Pacific is presumed dominate the market owing to rapid industrialization, ever-increasing population, and expansion of the manufacturing sector. The development of technology-driven vehicles further leads to adoption of automatic air conditioning in vehicles, thus triggering its demand over the years.
North America is considered to be one of the key regions during the estimated period. The growth is mainly attributed to the growing vehicle production coupled with increasing demand for comfort features and safety in vehicles.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
LIST OF TABLES:
Table 1 Global Automotive Air Conditioning Market: By Region, 2018-2023
Table 2 North America Automotive Air Conditioning Market: By Country, 2018-2023
Table 3 Europe Automotive Air Conditioning Market: By Country, 2018-2023
Table 4 Asia Pacific Automotive Air Conditioning Market: By Country, 2018-2023
Table 5 RoW Automotive Air Conditioning Market: By Country, 2018-2023
Table 6 Global Automotive Air Conditioning Market, By Technology, By Regions, 2018-2023
Table 7 North America Automotive Air Conditioning Market, By Technology, By Country, 2018-2023
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Automotive Air Conditioning Market SHARE, By Technology, 2016 (%)
FIGURE 9 Global Automotive Air Conditioning Market, By Technology, 2015-2023 (USD MILLION)
FIGURE 10 Global Automotive Air Conditioning Market SHARE, By Component, 2016 (%)
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