Global Automotive Air Conditioning (AC) Compressor Market, By Vehicles (Passenger Cars, LMV, HMV), Types (Swash Plate, Rotary Vane, Scroll), Design (Reciprocating Type, Rotary Type), Category (Variable Displacement, Fixed Displacement, Electric Compressor), Drive (Belt Driven, Electric Driven), Sales Channel (OEM, Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa), Industry Trends and Forecast to 2029.
Market Analysis and Insights of Automotive Air Conditioning (AC) Compressor Market
Automotive air conditioning (AC) compressor market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market will rise to USD 11,673.8 million by 2029 and to grow at a CAGR of 3.80% in the above-mentioned forecast period.
Air conditioning systems are basically the vital feature in the passenger cars and buses. The automotive air conditioning (AC) compressor is basically the power unit of the air-conditioning system which puts the refrigerant under high pressure before it pumps it into the condenser, where it changes from a gas to a liquid and provides peak performance for the air conditioning.
The factors such as the rise in automotive production and sales and growing car ownerships across the world has resulted in growth in the market value in the forecast period of 2022 to 2029. Additionally, the growing requirement of consumers on vehicle comfort along with increasing number of on-road cars globally and rise in demand for comfort features are estimated to accelerate market’s growth. The growing demand for electric vehicles worldwide across various industries also cushions the market’s growth within the forecasted period. However, the factors such as maintenance issues and other technical restraints will further restrict the scope of growth for the market.
Furthermore, the rising technological innovations and advancements in the automotive industry and highly precise product will further offer a variety of growth opportunities for the market in the forecast period of 2022 to 2029. On the other hand, the high prices of luxury vehicles is projected to pose as a major challenge to the market growth rate.
This automotive air conditioning (AC) compressor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive air conditioning (AC) compressor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Air Conditioning (AC) Compressor Market Scope and Market Size
The automotive air conditioning (AC) compressor market is segmented on the basis of vehicles, types, design, category, drive and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of vehicles, the automotive air conditioning (AC) compressor market is segmented into passenger cars, LMV and HMV.
- On the basis of types, the automotive air conditioning (AC) compressor market is segmented into swash plate, rotary vane and scroll.
- On the basis of design, the automotive air conditioning (AC) compressor market is segmented into reciprocating type and rotary type. The reciprocating type is sub-segmented into swash and wobble. The rotary type is sub-segmented into scroll, vane and screw.
- On the basis of category, the automotive air conditioning (AC) compressor market is segmented into variable displacement, fixed displacement and electric compressor.
- On the basis of drive, the automotive air conditioning (AC) compressor market is segmented into belt driven and electric driven.
- On the basis of sales channel, the automotive air conditioning (AC) compressor market is segmented into OEM and aftermarket.
Automotive Air Conditioning (AC) Compressor Market Country Level Analysis
The automotive air conditioning (AC) compressor market is segmented on the basis of vehicles, types, design, category, drive and sales channel.
The countries covered in the automotive air conditioning (AC) compressor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automotive air conditioning (AC) compressor market and will continue to flourish its trend of dominance during the forecast period due to the increase in the number of automobiles running on roads in U.S and Canada in the region within the forecast period of 2022 to 2029. Asia-Pacific region, on the other hand, is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the increase in purchasing power of individuals and even the establishments of the automotive industry in this region due to the availability of resources at a low price to create positive impact on the growth of the economy as well as industries in this region.
The country section of the automotive air conditioning (AC) compressor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Air Conditioning (AC) Compressor Market Share Analysis
The automotive air conditioning (AC) compressor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive air conditioning (AC) compressor market.
Some of the major players operating in the automotive air conditioning (AC) compressor market report are Denso Corporation, Hanon Systems, TransAir Manufacturing, Mitsubishi Heavy Industries Ltd., Eberspacher Group, MAHLE GmbH, Valeo SA, Toyota Industries, Delphi PLC, Keihin Corporation, Calsonic Kansei Corporation, SamvardhanaMotherson Group, Subros Limited and SMAC Auto Air, and HELLA KGaA Hueck & Co among others.
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