Automotive HVAC Market

Automotive HVAC Market Size By Application (Heavy Commercial Vehicles (HCVs), Light Commercial Vehicles (LCVs), Passenger Cars), By Technology (Manual, Automatic), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, India, China, Japan, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

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Industry Analysis

Automotive HVAC market size was USD 12.44 billion in 2015; it is expected to witness 8.2% CAGR growth to hit USD 23.19 billion by 2023.

Japan automotive HVAC market size, by application, 2012 – 2023 (USD Million)

The increasing disposable income levels and growing vehicle production will drive automotive HVAC market size in the coming years. Consumers demand more comfort, luxury, and features in the standard car due to the considerable amount of time spent in personal vehicles.This is also forecast to propel multi-zone HVAC system demand.

Global automotive HVAC market share growth is highly dependent on vehicle sales. Research and development is expected to enhance players’ product offering and boost technological capability such as reduction in size and weight.
Improved standard of living and growing demand for energy efficiency will contribute to growth. This can be credited to the significant amount of efforts undertaken by companies and regulatory authorities. The growing innovation measures have also led to development of cost effective devices, which may open avenues for incumbent players.

Technological advancements and innovation are making provisions for efficient and cost effective products, subsequently driving demand extensively. Changing consumer preference along with energy-efficiency & quality standards may open avenues for incumbent players.

Continued growth in motor vehicle production has been instrumental in driving automotive HVAC market size. Negative impact on the car’s fuel economy may hamper growth in the coming years; however, the impact of this restraint is expected to reduce in the long term.
Technology innovation and strong focus on indoor air quality may see an upswing in automotive HVAC market price trend.
Application Analysis

Passenger cars dominated global revenue with over 60% of the automotive HVAC market share in 2015. This is primarily on account of growing passenger vehicle demand coupled with growing luxury vehicle sales on a global scale. Popularity of electric or hybrid vehicle is also anticipated to boost the segment over the next seven years. Improving road infrastructure and increasing personnel mobility needs in light of growing urbanization are also among key growth drivers.
Demand in LCVs is expected to grow at 7.9% from 2016 to 2023. Changing consumer preferences are likely to result in growing adoption in SUVs.
Technology Analysis

Automatic systems are estimated to remain the leading technology segment, with over 60% of the automotive HVAC market share in 2015. They are also estimated to grow faster than the overall average at 9.4% CAGR from 2016 to 2023. Lower fuel consumption and increased level of comfort and ease of operation is expected to drive the segment over the next few years.
Manual systems are a common installation in budget vehicles. Introduction of multi-zone systems offers additional opportunities for automakers to customize and add enhanced comfort features.
Regional Analysis

U.S. automotive HVAC market share is likely to witness gains at 7.9% CAGR over the forecast period. This is primarily credited to increase automotive production coupled with high penetration of premium vehicles in the region. Government initiatives to curb energy consumption are expected to drive eco-friendly technology demand in Europe over the forecast period.
Asia Pacific automotive HVAC market size was over USD 5.3 billion in 2015, with growth prospects of over 9% from 2016 to 2023.
Competitive Market Share

Denso Corporation, Mahle Group, Valeo, and Hanon Systems accounted for significant automotive HVAC market share in 2015. Players in the industry practice high degree of innovation to provide unique solutions to existing and potential customers. Automakers continuously evaluate suppliers on the basis of design capability, price, timeliness of delivery, customer service, product quality, financial viability, innovation, and overall management.
Automakers are a major part of the business lifecycle, since they are involved across each stage for ensuring that the quality and efficiency are in line with their requirements; they also help control quality.

Miniaturization is set to remain at the forefront of development activities, and players compete on the basis of levels of quality and comfort provided to the consumer.
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, 2012 – 2023

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, 2015

3.8    PESTEL analysis

3.9    Technology & innovation trends

Chapter 4    Automotive HVAC Application Insights

4.1    Automotive HVAC market share by application, 2015 & 2023

4.2    LCVs

4.2.1    Global market estimates by region, 2012 – 2023

4.3    HCVs

4.3.1    Global market estimates by region, 2012 – 2023

4.4    Passenger vehicles

4.4.1    Global market estimates by region, 2012 – 2023

Chapter 5    Automotive HVAC Technology Insights

5.1    Automotive HVAC market share by technology, 2015 & 2023

5.2    Manual

5.2.1    Global market estimates by region, 2012 – 2023

5.3    Automatic

5.3.1    Global market estimates by region, 2012 – 2023

Chapter 6    Automotive HVAC Regional Insights

6.1    Automotive HVAC market volume share by region, 2016 & 2023

6.2    North America

6.2.1    Market estimates and forecast by technology, 2012 – 2023

6.2.2    Market estimates and forecast by application, 2012 – 2023

6.2.3    U.S.

6.2.3.1 Market estimates and forecast by technology, 2012 – 2023

6.2.3.2 Market estimates and forecast by application, 2012 – 2023

6.2.4    Canada

6.2.4.1 Market estimates and forecast by technology, 2012 – 2023

6.2.4.2 Market estimates and forecast by application, 2012 – 2023

6.3    Europe

6.3.1    Market estimates and forecast, 2012 – 2023

6.3.2    Market estimates and forecast by application, 2012 – 2023

6.3.3    Germany

6.3.3.1 Market estimates and forecast by technology, 2012 – 2023

6.3.3.2 Market estimates and forecast by application, 2012 – 2023

6.3.4    UK

6.3.4.1 Market estimates and forecast by technology, 2012 – 2023

6.3.4.2 Market estimates and forecast by application, 2012 – 2023

6.4    Asia Pacific

6.4.1    Market estimates and forecast by technology, 2012 – 2023

6.4.2    Market estimates and forecast by application, 2012 – 2023

6.4.3    China

6.4.3.1 Market estimates and forecast by technology, 2012 – 2023

6.4.3.2 Market estimates and forecast by application, 2012 – 2023

6.4.4    India

6.4.4.1 Market estimates and forecast by technology, 2012 – 2023

6.4.4.2 Market estimates and forecast by application, 2012 – 2023

6.4.5    Japan

6.4.5.1 Market estimates and forecast by technology, 2012 – 2023

6.4.5.2 Market estimates and forecast by application, 2012 – 2023

6.5    Latin America

6.5.1    Market estimates and forecast by technology, 2012 – 2023

6.5.2    Market estimates and forecast by application, 2012 – 2023

6.5.3    Brazil

6.5.3.1 Market estimates and forecast by technology, 2012 – 2023

6.5.3.2 Market estimates and forecast by application, 2012 – 2023

6.5.4    Mexico

6.5.4.1 Market estimates and forecast by technology, 2012 – 2023

6.5.4.2 Market estimates and forecast by application, 2012 – 2023

6.6    Middle East and Africa (MEA)

6.6.1    Market estimates and forecast by technology, 2012 – 2023

6.6.2    Market estimates and forecast by application, 2012 – 2023

Chapter 7    Competitive Insights

7.1    Air International Thermal Systems (AITS)

7.1.1    Company Overview

7.1.2    Financial Performance

7.1.3    Product Benchmarking

7.1.4    Strategic Initiatives

7.2    Brose Fahrzeugteile GmbH & Co. KG

7.2.1    Company Overview

7.2.2    Financial Performance

7.2.3    Product Benchmarking

7.2.4    Strategic Initiatives

7.3    Calsonic Kansei

7.3.1    Company Overview

7.3.2    Financial Performance

7.3.3    Product Benchmarking

7.3.4    Strategic Initiatives

7.4    Delphi Automotive

7.4.1    Company Overview

7.4.2    Financial Performance

7.4.3    Product benchmarking

7.4.4    Strategic Initiatives

7.5    DelStar Technologies, Inc.

7.5.1    Company Overview

7.5.2    Financial Performance

7.5.3    Product Benchmarking

7.5.4    Strategic Initiatives

7.6    Denso Corporation

7.6.1    Company Overview

7.6.2    Financial Performance

7.6.3    Product Benchmarking

7.7.4    Strategic Initiatives

7.7    Engineered Plastic Components

7.7.1    Company Overview

7.7.2    Financial Performance

7.7.3    Product Benchmarking

7.7.4    Strategic Initiatives

7.8    Hanon Systems

7.8.1    Company Overview

7.8.2    Financial Performance

7.8.3    Product Benchmarking

7.9    Japan Climate Systems Corporation

7.9.1    Company Overview

7.9.2    Financial Performance

7.9.3    Product Benchmarking

7.9.4    Strategic Initiatives

7.10    Johnson Electric

7.10.1    Company Overview

7.10.2    Financial Performance

7.10.3    Product Benchmarking

7.10.4    Strategic Initiatives

7.11    Mahle

7.11.1    Company Overview

7.11.2    Financial Performance

7.11.3    Product Benchmarking

7.11.4    Strategic Initiatives

7.12    Sanden Holdings Corporation

7.12.1    Company Overview

7.12.2    Financial Performance

7.12.3    Product Benchmarking

7.12.4    Strategic Initiatives

7.13    Sensata Technologies

7.13.1    Company Overview

7.13.2    Financial Performance

7.13.3    Product Benchmarking

7.13.4    Strategic Initiatives

7.14    Valeo SA

7.14.1    Company Overview

7.14.2    Financial Performance

7.14.3    Product Benchmarking

7.14.4    Strategic Initiativesлобановский александр досье

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