The automotive sector has shown a substantial comeback, which is evident in the developments that are being seen in the market, such as the climate control systems used in cars and other commercial vehicles. The insights into the industry of automobiles are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. The market stands to gain earning touching a value of USD 21,400 million in the duration of the forecast period.
Global Automotive Climate Control System market is expected to reach USD 24,853.4 million by 2023, with a CAGR of 14.92%.
The development of vehicles that ensure an optimum level of cabin environment is promoting the progress of the climate control system for commercial vehicle market 2020. Moreover, the intensifying focus on fuel consumption and the consequent carbon emissions generated is expected to motivate the development of a more efficient climate control system in cars in the coming period.
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The segmental examination of the climate control system for commercial vehicle market has been segmented on the basis of commercial vehicle type, component type, truck type application, electric commercial vehicle type, and sales channel. Based on the sales channel, the climate control system for commercial vehicle market has been divided into aftermarket and OEMs. On the basis of the component type, the climate control system for commercial vehicle market has been segmented into condenser, compressor, coils, relays, control valves, evaporator, actuators, receiver-drier, thermostat, sensors, and others. Based on the commercial vehicle type, the climate control system for commercial vehicle market has been segmented into bus, ambulance, cargo van, minivan, trailer, and others. On the basis of truck type application, the climate control system for commercial vehicle market has been segmented into regional, long haul, and specialty. Based on the electric commercial vehicle type, the climate control system for commercial vehicle market has been segmented into full and hybrid electric vehicles.
Detailed Regional Analysis
The regional market assessment of the climate control system for commercial vehicle market observes that the Asia Pacific region is a profitable market for climate control systems for commercial vehicles. The financial developments in the region are having a positive influence on the sales of commercial vehicles, which is motivating the automotive climate control system market. Also, the noteworthy investment influx in the market and the institution of climate-related policies are favoring the development of the commercial and hybrid cars in the region, which is creating a favorable ground for the development of the climate control system market in the region. The European region is anticipated to emerge as an indispensable revenue pocket for the climate control systems for commercial vehicles market. Furthermore, the augmented partnership between numerous stakeholders, such as the distributors and government associations, is anticipated to produce investment openings for the manufacturers in the European region. Presently, the Americas region controls the lion’s portion of the market. The Americas region is undergoing a high demand for commercial vehicles owing to the elevated levels of the trade of goods in the region. Moreover, the trend of transforming cars into mobile homes in the US necessitates the implementation of climate control systems for vehicles which is a decisive driver of the market’s expansion in the forecast period.
The upturn in the performance of domestic markets is expected to have a favorable impression on the growth of the market. The ability to successfully satisfy the demand forces will require the industry to excel in several areas. The variation of the workforce can enable the successful implementation of growth strategies in the market. It is also noted that the cooperation by the governments around the world in terms of relaxation of several barriers and the institution of constructive strategies is expected to put the market on a track for unparalleled development. The limitations in the market are constantly being studied so that breakthroughs to remove them can be undertaken. The need to keep the market practices in sync with the environmental concerns that are looming is expected to promote the overall sustainability of the market.
The central players in the climate control system for commercial vehicle market are Webasto, Sanden Holdings Corporation, Valeo S.A, Denso Corporation, Eberspächer, Calsonic Kansei Corporation Mobile Climate Control, Hanon Systems, Bergstrom Inc., Red Dot Corporation, Mahle GmbH, and Wabco.
Jan 2020 Samsung Electronics has recently unveiled it’s Digital Cockpit 2020, which makes use of 5G to link elements inside and outside the vehicle and offer a connected experience for motorists and travelers. The solution permits a unified two-way connection between the office, the home, and all the other spaces that customers may visit while offering a tailored experience and in-car infotainment.
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Table Of Contents
TABLE 1 GRANTED PATENTS ON AUTOMOTIVE CLIMATE CONTROL SYSTEM (SEPTEMBER 14TH, 2012 – SEPTEMBER 14TH, 2017) 25
TABLE 2 GLOBAL AUTOMOTIVE CLIMATE CONTROL SYSTEM MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 32
TABLE 3 GLOBAL AUTOMOTIVE CLIMATE CONTROL SYSTEM MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 34
TABLE 4 GLOBAL AUTOMOTIVE CLIMATE CONTROL SYSTEM MARKET, BY REGION, 2015-2023 (USD MILLION) 37
TABLE 5 NORTH AMERICA AUTOMOTIVE CLIMATE CONTROL SYSTEM MARKET BY COUNTRY, 2015-2023 (USD BILLION) 39
TABLE 6 NORTH AMERICA AUTOMOTIVE CLIMATE CONTROL SYSTEM MARKET BY TECHNOLOGY, 2015-2023 (USD BILLION) 40
TABLE 7 NORTH AMERICA AUTOMOTIVE CLIMATE CONTROL SYSTEM MARKET BY VEHICLE TYPE, 2015-2023 (USD BILLION) 40
TABLE 8 U.S. AUTOMOTIVE CLIMATE CONTROL SYSTEM MARKET, BY TECHNOLOGY, 2015-2023 (USD BILLION) 41
TABLE 9 U.S. AUTOMOTIVE CLIMATE CONTROL SYSTEM MARKET, BY VEHICLE TYPE, 2015-2023 (USD BILLION) 41
TABLE 10 CANADA AUTOMOTIVE CLIMATE CONTROL SYSTEM MARKET, BY TECHNOLOGY, 2015-2023 (USD BILLION) 42
FIGURE 1 KEY TAKEAWAYS OF THE MARKET 14
FIGURE 2 KEY BUYING CRITERIA OF AUTOMOTIVE CLIMATE CONTROL SYSTEMS 14
FIGURE 3 RESEARCH PROCESS OF MRFR 16
FIGURE 4 TOP DOWN & BOTTOM UP APPROACH 18
FIGURE 5 POTERT’S FIVE FORCES ANALYSIS 20
FIGURE 6 VALUE CHIAN ANALYSIS 23
FIGURE 7 GEOGRAPHIC DISTRIBUTION OF THE PUBLISHED PATENTS (SEPTEMBER 14TH, 2012 – SEPTEMBER 14TH, 2017) 26
FIGURE 8 GLOBAL VEHICLE PRODUCTION, UNITS (2013-2016) 27
FIGURE 9 GLOBAL AUTOMOTIVE CLIMATE CONTROL SYSTEM MARKET SHARE, BY TECHNOLOGY, 2016 (%) 31
FIGURE 10 GLOBAL AUTOMOTIVE CLIMATE CONTROL SYSTEM MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 31
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