Automotive Air Conditioning Market 2019 Global Share, Trends, Demand, Key Company, Merger, Acquisition, Size, Growth Factors, Opportunities, And Regional Forecast To 2023

“\”\”Automotive Air Conditioning Market\”\””
Automotive Air Conditioning Market To Grow highest CAGR during forecast period of 2019 to 2023, according to Global Automotive Air Conditioning Market Report 2019 published by “Market Research Future”. For this study, the global automotive air conditioning market has been segmented on the basis of component, technology, vehicle type, and region.

Market Synopsis:

The major players operating the global market are 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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The global automotive air conditioning market is presumed to register a staggering CAGR during the forecast period (2016-2022) owing to the increasing demand for commercial and passenger vehicles, asserts Market Research Future (MRFR). Automotive air conditioning is the referred to as the process of removing heat from the interior part of the vehicle in order to provide comfort of the occupants. One of the essential components of a vehicle, air conditioning uses ventilation, integrated heating, and air conditioning systems in vehicles. Most of the vehicles are nowadays equipped with manual or automatic air conditioning systems.

Automotive air conditioning is the process of removing heat from the interior of the vehicle, to improve the comfort of the occupants. Air conditioning, primarily, uses integrated heating, ventilation, and air conditioning (HVAC) system in vehicles. Nowadays, most vehicles are equipped with such air conditioning systems, either manually or automatically. The manual air conditioning consists of knobs and dials that allow the user to control the amount of airflow the unit will generate. There are basically three types of settings such as low, medium and high. The user has to turn on the system; then select the desired amount of airflow and temperature required. Automatic air conditioning system allows to set the desired temperature automatically. The system consists of a thermostat, which detects and monitors the temperature and signals the system to pump air until the desired temperature is not reached.

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 rising sales of new vehicles will lead to higher installation of air conditioning in vehicles. This is further estimated to contribute to the growth of the market. Moreover, with the increase in disposable income, consumers will prefer to adopt advanced air conditioning systems, thereby fueling the market growth. Also, advancement in technology from manual to automatic air conditioning will result in growth of the market.

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 has the ability to 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.

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

2.2.1 RESEARCH OBJECTIVES

2.2.2 ASSUMPTIONS & LIMITATIONS

2.3 MARKETS STRUCTURE

3 MARKET RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 SECONDARY RESEARCH

3.3 PRIMARY RESEARCH

3.4 FORECAST MODEL

4 MARKET LANDSCAPE

4.1 FIVE FORCES ANALYSIS

4.1.1 THREAT OF NEW ENTRANTS

4.1.2 BARGAINING POWER OF BUYERS

4.1.3 BARGAINING POWER OF SUPPLIERS

4.1.4 THREAT OF SUBSTITUTES

4.1.5 SEGMENT RIVALRY

4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET

5 INDUSTRY OVERVIEW OF GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET

5.1 INTRODUCTION

5.2 GROWTH DRIVERS

5.3 IMPACT ANALYSIS

5.4 MARKET CHALLENGES

Continued…

LIST OF TABLES:

TABLE 1 GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET: BY REGION, 2017-2023

TABLE 2 NORTH AMERICA AUTOMOTIVE AIR CONDITIONING MARKET: BY COUNTRY, 2017-2023

TABLE 3 EUROPE AUTOMOTIVE AIR CONDITIONING MARKET: BY COUNTRY, 2017-2023

TABLE 4 ASIA PACIFIC AUTOMOTIVE AIR CONDITIONING MARKET: BY COUNTRY, 2017-2023

TABLE 5 MIDDLE EAST & AFRICA AUTOMOTIVE AIR CONDITIONING MARKET: BY COUNTRY, 2017-2023

TABLE 6 LATIN AMERICA AUTOMOTIVE AIR CONDITIONING MARKET: BY COUNTRY, 2017-2023

Continued…

LIST OF FIGURES:

FIGURE 1 GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET SEGMENTATION

FIGURE 2 FORECAST METHODOLOGY

FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET

FIGURE 4 VALUE CHAIN OF GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET

FIGURE 5 SHARE OF GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET IN 2017, BY COUNTRY (IN %)

FIGURE 6 GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET, 2017-2023,

FIGURE 7 SUB SEGMENTS OF COMPONENT

FIGURE 8 GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET SIZE BY COMPONENT, 2017

Continued…

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