Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, By Technology (Manual, Automatic), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Electric Vehicle), Component (Compressor, Evaporator, Receiver, Condenser, Others), Distribution Channel (Original Equipment Manufacturer (OEMs), Aftermarket) – Industry Trends and Forecast to 2030.
Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Analysis and Size
Currently, global automotive heating, ventilation, and air conditioning (HVAC) industry is witnessing complete change in the manufacturing concept. There are numerous accountable aspects for the growth of the market. Primarily, all automobiles have an increasing demand for automatic climate control features and thermal systems. Moreover, people travel in their vehicles for long distances in urban sector, and hereafter the need for HVAC is higher. Factors such as climate change and global warming result in increased global temperatures, which leads to high demand for maintenance of temperatures inside automobile. Moreover, the consciousness regarding automotive coolants in HVAC system slowly leads to the demand for technically advanced HVAC systems, thus increasing their sales.
Data Bridge Market Research analyses that the automotive heating, ventilation, and air conditioning (HVAC) market is expected to reach USD 48.56 billion by 2030, which is USD 22.49 billion in 2022, at a CAGR of 10.10% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015- 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Manual, Automatic), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Electric Vehicle), Component (Compressor, Evaporator, Receiver, Condenser, Others), Distribution Channel (Original Equipment Manufacturer (OEMs), Aftermarket)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Keihin Corporation (Japan), Sensata Technologies Inc. (U.S.), SANDEN HOLDINGS CORPORATION (Japan), Calsonic Kansei Corporation (Japan), Valeo (France), DENSO CORPORATION (Japan), Johnson Electric Holdings Limited (China), Hanon Systems (South Korea), JAPAN CLIMATE SYSTEMS CORPORATION (Japan), MAHLE GmbH (Germany), MITSUBISHI HEAVY INDUSTRIES LTD. (Japan), OMEGA Environmental Technologies (U.S.), Trans/Air Manufacturing Corp. (U.S.), Kongsberg Automotive (Switzerland), Imasen Electric Industrial Co. Ltd. (Japan), Eberspächer (Germany), Air International Thermal Systems (Thailand), Delphi Technologies (U.K.), Brose Fahrzeugteile GmbH & Co. (Germany), TOYOTA INDUSTRIES CORPORATION (Japan), Xiezhong International Holdings Limited (China), and GENTHERM (U.S.), among others
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Market Opportunities
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Market Definition
The automotive heating, ventilation, and air conditioning (HVAC) system is used to control the internal temperature in automobiles. Automotive HVAC systems contain various components, which not only remove or add heat, but also supports purifying the air circulating through the vehicles. It automatically controls temperature, inspects moisture content, and removes humidity from air circulating in the automobile. It improved thermal comfort for passenger and driver. Automotive automotive heating, ventilation, and air conditioning (HVAC) system transfer the heat from low to high temperatures according to the pressure, this is known as refrigeration.
Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Dynamics
Drivers
- Growth and expansion of automobile industries
Continuous growth and expansion of automobile industries at a rapid pace all around the globe is a major factor which is expected to drive the growth of the global automotive heating, ventilation, and air conditioning (HVAC) market due to the urbanization. Automotive heating, ventilation, and air conditioning (HVAC) improves the efficiency of air conditioner that delivers comfort to passenger and driver. Increasing production of automobile highly demands for the manufacture of automotive automotive heating, ventilation, and air conditioning attributed to drive the growth of the global market during the forecast period.
- Growing adoption of luxurious vehicles
Growing adoption of luxurious automobiles is another major factor anticipated to drive the growth globally. Many luxury vehicles are equipped with automatic heating, ventilation, and air conditioning (HVAC) systems such as power and heated seats and power windows that positively impact the vehicle cabin's comfort system. High comfort encouraged the consumers to adopt luxurious vehicles. Therefore, increasing requirement for comfort leads to surge in the sales of luxury vehicles, which will further anticipated fuel the market's growth in the coming years.
Opportunities
- Increasing demand for environmental refrigerants and manufacture of cheaper HVAC systems
Increasing demand for environment-friendly refrigerants and rising production of cheaper heating, ventilation, and air conditioning (HVAC) systems create lucrative opportunities for the market players. Environment-friendly refrigerants decrease pollution from vehicles and also increase the fuel efficiency. Moreover, the unaffordability of low-income person to buy vehicles equipped with heating, ventilation, and air conditioning (HVAC) systems demands for the cheaper heating, ventilation, and air conditioning (HVAC). Also, market players are mainly focusing on using green technologies for evolving energy efficient systems to lessen its maintenance cost, which is expected to generate lucrative opportunities for market growth in the coming years.
- Technological advancements in the manufacture of automotive HVAC
Increasing investment in R&D for technological advanced component for automobile coupled with growing demand for luxurious vehicles equipped with HVAC systems is a major factor that generate growth opportunities for market players across the globe. Also, automotive industries are progressively becoming technology-oriented with new innovations to produce air conditioning compressors and refrigeration, which boosts the global automotive heating, ventilation, and air conditioning HVAC market during the forecast period.
Restraints/ Challenges
- Lack of awareness regarding benefits of automotive heating, ventilation, and air conditioning
The dearth of awareness about proper usage of automotive heating, ventilation, and air conditioning and its benefits among the consumer or manufacturers, especially developing regions is anticipated to hamper the overall revenue generation of the automotive heating, ventilation, and air conditioning market during the assessment period.
- low availability to low-income countries and high maintenance cost
High maintenance price of heating, ventilation, and air conditioning obstructs the global market's revenue growth because it is quite costly and is not easily available in low-income nations. HVAC consists of evaporator, compressor, condenser and other components, which needs regular and proper maintenance to keep in good condition. Therefore, high cost for repairing and maintaining those components hinders the market's growth at a certain limit during the projected period.
This automotive heating, ventilation, and air conditioning (HVAC) 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 the automotive heating, ventilation, and air conditioning (HVAC) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2021, Marelli Corporation created an Indoor Air Quality Purification System, which kills viruses and bacteria in vehicles and indoor environments. The system uses UV-C and UV-A light combined with a titanium dioxide filter to destroy airborne viruses and bacteria, including COVID-19, with greater than 99 percent effectiveness in 15 minutes.
- In 2021, Hanon System initiated its two new establishments in Hungary which are a building expansion in Rétság and a new greenfield production facility in Pécs. These facilities provide 22,464 square meters of manufacturing space and accommodate equipment including welding and bending, forming, brazing assembly lines and testing for automotive heating, ventilation, and air conditioning (HVAC) (A/C) lines.
- In 2021, Valeo declared a New Valeo heat pump that contains two-thirds of its energy demand from the ambient air, thus limiting the requirement to draw energy from on-board batteries, and uses a natural refrigerant. Electric vehicle equipped with this device can travel up to 30 percent further at -15°C.
- In February 2021, Highly Marelli Holdings Co., Ltd., previously declared joint venture between Marelli Corporation K.K. and Highly International (Hong Kong) Limited, was formed. Highly Marelli will focus on providing world-class solutions for suppliers and clients in the areas of compressor electrification, heating, ventilation, heat pump systems, and air conditioning and electric driven compressor systems.
Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Scope
The automotive heating, ventilation, and air conditioning (HVAC) market is segmented on the basis of technology, vehicle type, component and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Manual
- Automatic
Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Electric Vehicle
Component
- Compressor
- Evaporator
- Receiver
- Condenser
- Others
Distribution Channel
- Original Equipment Manufacturer (OEMs)
- Aftermarket
Automotive Heating, Ventilation, and Air Conditioning Regional Analysis/Insights
The automotive heating, ventilation, and air conditioning (HVAC) market is analyzed and market size insights and trends are provided by country, technology, vehicle type, component and distribution channel.as referenced above.
The countries covered in the automotive heating, ventilation, and air conditioning (HVAC) market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Asia-Pacific dominates the automotive heating, ventilation, and air conditioning (HVAC) market in in terms of revenue. This is due to the presence of major automobile manufacturers and large-scale production of automobiles in this region. Moreover, integration between industry experts and regulatory bodies to create awareness about star-labelled HVAC units is likely to drive the market growth in this region.
Europe is projected to be the fastest developing region during the forecast period of 2023-2030 due to growing vehicle production in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Heating, Ventilation, and Air Conditioning Market Share Analysis
The automotive heating, ventilation, and air conditioning (HVAC) 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 heating, ventilation, and air conditioning (HVAC) market.
Some of the major players operating in the automotive heating, ventilation, and air conditioning (HVAC) market are:
- Keihin Corporation (Japan)
- Sensata Technologies Inc. (U.S.)
- SANDEN HOLDINGS CORPORATION (Japan)
- Calsonic Kansei Corporation (Japan)
- Valeo (France)
- DENSO CORPORATION (Japan)
- Johnson Electric Holdings Limited (China)
- Hanon Systems (South Korea)
- JAPAN CLIMATE SYSTEMS CORPORATION (Japan)
- MAHLE GmbH (Germany)
- MITSUBISHI HEAVY INDUSTRIES LTD. (Japan)
- OMEGA Environmental Technologies (U.S.)
- Trans/Air Manufacturing Corp. (U.S.)
- Kongsberg Automotive (Switzerland)
- Imasen Electric Industrial Co. Ltd. (Japan)
- Eberspächer (Germany)
- Air International Thermal Systems (Thailand)
- Delphi Technologies (U.K.)
- Brose Fahrzeugteile GmbH & Co. (Germany)
- TOYOTA INDUSTRIES CORPORATION (Japan)
- Xiezhong International Holdings Limited (China)
- GENTHERM (U.S.)
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