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Automotive HVAC Market Research Report, 2016 to 2024: Hexa Research

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The global automotive HVAC market size is expected to increase significantly by 2024 on account of growing middle-class population and per capita income levels.
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Automotive HVAC Market Share, Size, Analysis, Growth, Trends
and Forecasts to 2024 | Hexa Research
" The global automotive HVAC market size is expected to
increase significantly by 2024 on account of growing
middle-class population and per capita income levels."
The global Market for Automotive HVAC (Heating, Ventilating, and Air Conditioning) was estimated at USD 12
billion in 2015 and is anticipated to grow at a CAGR of over 8 % over the forecast period (from 2016 to 2024).
The growing production of the passenger vehicles along with the rising income levels is projected to augment
the global market growth over the next few years.
Improved lifestyles and rising customer awareness about the energy-efficient products are projected to
contribute towards the automotive HVAC market growth. Various technological improvements and innovations
for cost-effective and efficient products are also driving the demands extensively. Negative impact on the
economy of automobile fuel is likely to hinder the market growth; however, the effects of this restraint are said
to decrease in the long term. The global HVAC market is categorized as applications, technologies, and regi ons.
The application sector involves Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), and
passenger cars. The passenger cars sector dominated the market in 2015 accounting for the revenue share of
over 60 %. This is mainly because of the increasing demands for passenger vehicles along with the rising sales of
luxury vehicles globally. Demands in the LCV sector is anticipated to grow at a CAGR of 8 % during the
estimated years.
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The technologies segment comprises automatic and manual. The automatic systems sector led the automotive
HVAC market in 2015 occupying over 60 % of the overall share. It is further projected to grow at a CAGR of 10 %
during the forecast period. The manual systems are a common installation in budget vehicles. The advent of
multi-zone systems makes it easier for vehicle manufacturers to modify and install better comfort features in
their products.
Geographically, the U. S. market for automotive HVAC is expected to grow at a CAGR of over 8 % over the
estimated years. The European market is also projected to boost nature-friendly technology demands in Europe
due to the favorable initiatives by the government to control the energy consumption. The APAC region is
expected to grow at a CAGR of 9 % over the next eight years.
Some of the major companies operating in the automotive HVAC market are Mahle Group; Denso Corp.; Hanon
Systems; and Valeo S. A.
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Table of Content of Automotive HVAC Market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Automotive HVAC market snapshot, 2016 - 2024
Chapter 3 Automotive HVAC Industry Insights
3.1 Market segmentation
3.2 Market size and growth prospects
3.3 Value chain analysis
3.3.1 Vendor landscape
3.4 Automotive HVAC market dynamics
3.4.1 Growth drivers
3.4.1.1 Growing automotive industry
3.4.1.2 Increased purchasing power
3.4.1.3 High penetration of HVAC systems
3.4.2 Industry pitfalls & challenges
3.4.2.1 Performance issues
3.5 Key growth opportunities
3.6 Porter’s analysis
3.7 Company market share analysis, 2016
3.8 PESTEL analysis
3.9 Technology & innovation trends
Chapter 4 Automotive HVAC Application Insights
4.1 Automotive HVAC market share by application, 2016 & 2024
4.2 LCVs
4.2.1 Global market estimates by region, 2016 - 2024
4.3 HCVs
4.3.1 Global market estimates by region, 2016 - 2024
4.4 Passenger vehicles
4.4.1 Global market estimates by region, 2016 - 2024
Chapter 5 Automotive HVAC Technology Insights
5.1 Automotive HVAC market share by technology, 2016 & 2024
5.2 Manual
5.2.1 Global market estimates by region, 2016 - 2024
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5.3 Automatic
5.3.1 Global market estimates by region, 2016 - 2024
Chapter 6 Automotive HVAC Regional Insights
6.1 Automotive HVAC market volume share by region, 2016 & 2024
6.2 North America
6.2.1 Market estimates and forecast by technology, 2016 - 2024
6.2.2 Market estimates and forecast by application, 2016 - 2024
6.2.3 U.S.
6.2.3.1 Market estimates and forecast by technology, 2016 - 2024
6.2.3.2 Market estimates and forecast by application, 2016 - 2024
6.2.4 Canada
6.2.4.1 Market estimates and forecast by technology, 2016 - 2024
6.2.4.2 Market estimates and forecast by application, 2016 - 2024
6.3 Europe
6.3.1 Market estimates and forecast, 2016 - 2024
6.3.2 Market estimates and forecast by application, 2016 - 2024
6.3.3 Germany
6.3.3.1 Market estimates and forecast by technology, 2016 - 2024
6.3.3.2 Market estimates and forecast by application, 2016 - 2024
6.3.4 UK
6.3.4.1 Market estimates and forecast by technology, 2016 - 2024
6.3.4.2 Market estimates and forecast by application, 2016 - 2024
6.4 Asia Pacific
6.4.1 Market estimates and forecast by technology, 2016 - 2024
6.4.2 Market estimates and forecast by application, 2016 - 2024
6.4.3 China
6.4.3.1 Market estimates and forecast by technology, 2016 - 2024
6.4.3.2 Market estimates and forecast by application, 2016 - 2024
6.4.4 India
6.4.4.1 Market estimates and forecast by technology, 2016 - 2024
6.4.4.2 Market estimates and forecast by application, 2016 - 2024
6.4.5 Japan
6.4.5.1 Market estimates and forecast by technology, 2016 - 2024
6.4.5.2 Market estimates and forecast by application, 2016 - 2024
6.5 Latin America
6.5.1 Market estimates and forecast by technology, 2016 - 2024
6.5.2 Market estimates and forecast by application, 2016 - 2024
6.5.3 Brazil
6.5.3.1 Market estimates and forecast by technology, 2016 - 2024
6.5.3.2 Market estimates and forecast by application, 2016 - 2024
6.5.4 Mexico
6.5.4.1 Market estimates and forecast by technology, 2016 - 2024
6.5.4.2 Market estimates and forecast by application, 2016 - 2024
6.6 Middle East and Africa (MEA)
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6.6.1 Market estimates and forecast by technology, 2016 - 2024
6.6.2 Market estimates and forecast by application, 2016 - 2024
Chapter 7 Competitive Insights
7.1 Air International Thermal Systems (AITS)
7.2 Brose Fahrzeugteile GmbH & Co. KG
7.3 Calsonic Kansei
7.4 Delphi Automotive
7.5 DelStar Technologies, Inc.
7.6 Denso Corporation
7.7 Engineered Plastic Components
7.8 Hanon Systems
7.9 Japan Climate Systems Corporation
7.10 Johnson Electric
7.11 Mahle
7.12 Sanden Holdings Corporation
7.13 Sensata Technologies
7.14 Valeo SA
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