Automotive Air Conditioning Industry Growth Is attributed to factors such as, 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.
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Automotive Air Conditioning Industry Key Players Studied in Report: Denso Corporation (Japan), Hanon Systems (South Korea), Mitsubishi Heavy Industries Ltd. (Japan), and MAHLE GmbH (Germany). Valeo SA (France), Keihin Corporation (Japan), Calsonic Kansei Corporation (Japan), Samvardhana Motherson Group (India), Subros Limited (India), and SMAC Auto Air (New Zealand) are among others.
Global Automotive Air Conditioning Market Highlights:
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.
Over time, the stabilization of socio-economic conditions of individuals has led to gradually increasing disposable income. With the increase in the disposable income, consumers will move towards buying of advanced air conditioning system. Over time, consumers in the automotive industry focus on additional features such as climate control systems, pedestrian detection, and blind sport detection along with the aesthetic features of the vehicle. The advancement in the technology from manual air conditioning to automatic air conditioning will hence result in the growth of the market during the forecast period.
The global automotive air conditioning market has been segmented on the basis of component, technology, vehicle type, and region.
By mode of technology, the global automotive air conditioning market has been segmented into automatic and manual. Among these, the automatic technology is estimated to dominate the global market as it allows to set a specified temperature within the automobile. It can also monitor the temperature of a specified area without manual intervention.
By mode of component, the global automotive air conditioning market has been segmented into condenser, compressor, evaporator, and receiver. Among these, the compressors are anticipated to dominate the global market as they perform major tasks such as heat absorption, heat transfer, and condense excess heat.
By mode of vehicle type, the global automotive air conditioning market has been segmented into commercial and passenger vehicle. Among these, the passenger vehicle segment is presumed to dominate the global market during the estimated period owing to the increased sales and production. The high installation of air conditioning systems in passenger vehicles will trigger its demand.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market during the forecast period due to increasing population, rapid industrialization, and aggressive expansion of manufacturing sector. The automakers are moving towards technology-driven components, which will require less efforts by the consumer to operate. The development of technology-driven vehicles will result in increased adoption of automatic air conditioning in the vehicles. The increased adoption will drive the growth of the market in future. North America is expected to be the second largest market to grow during the forecast period.
Key questions answered by the report:
- Which applications/segments provides the maximum Automotive Air Conditioning Market growth opportunity?
- What are the emerging technologies and how it would disrupt the market?
- Who are the key players dominating the market, followed by other prominent vendors and strategies adopted by them?
- What was the Automotive Air Conditioning Market size and what would be the forecast in next few years?
- Regional and country attractiveness: mid to long term outlook?
- Automotive Air Conditioning Market dynamics including trends, opportunities, drivers, challenges and how this would impact the market eco-system?
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
5 Global Automotive Air Conditioning Market, By Technology
5.2.1 Market Estimates & Forecast, 2018-2023
5.2.2 Market Estimates & Forecast By Region, 2018-2023
5.3.1 Market Estimates & Forecast, 2018-2023
5.3.2 Market Estimates & Forecast By Region, 2018-2023
6 Global Automotive Air Conditioning Market, By Component
6.2.1 Market Estimates & Forecast, 2018-2023
6.2.2 Market Estimates & Forecast By Region, 2018-2023
6.3.1 Market Estimates & Forecast, 2018-2023
6.3.2 Market Estimates & Forecast By Region, 2018-2023
6.4.1 Market Estimates & Forecast, 2018-2023
6.4.2 Market Estimates & Forecast By Region, 2018-2023
6.5.1 Market Estimates & Forecast, 2018-2023
6.5.2 Market Estimates & Forecast By Region, 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)
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
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