The latest report, initiated by Evolve Business Intelligence on Automotive HVAC Market, provides a detailed assessment of the market size and forecast from 2020 to 2028. The global Automotive HVAC market size is projected to reach $ billion by 2028 and grow at a CAGR of more than 7% from 2021 to 2028.
The automotive industry is one of the most important segments in the HVAC system market. Worldwide, passenger car production has increased in recent years, leading to a strong growth in demand for HVAC systems. In addition to the high demand, the growth of the market is also driven by factors such as increasing comfort in vehicles, the increasing prevalence of luxury vehicles and the increasing demand for fuel-efficient vehicles.
In addition, the growing trend towards zero-emission and energy-efficient ICEs, and ICT and connected technologies, are likely to boost the automotive HVAC system market.
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COVID-19 Pandemic has begun to strike businesses across multiple sectors and industries, including manufacturing, food manufacturing, automotive, aerospace and defense companies, government agencies, pharmaceutical manufacturers, and producers of oil and gas products. The effects of this pandemic have caused numerous knock-on effects in several global markets, including the Automotive HVAC market, as well as many regional economies due to the temporary shutdown of manufacturing facilities. End users of these products also suffer from reduced demand for their goods as companies abandon their long-term strategies for short-term survival.
Key Players Profiled in Automotive HVAC Report:
- Denso Corp. (Japan)
- Valeo SA (France)
- Behr GmbH (Germany)
- Halla Climate Control Corp. (Korea)
- Delphi Automotive (US)
- Calsonic Kansei (Japan)
- Visteon Corp. (U.S)
- Sanden Corp. (U.S).
- MAHLE GmbH
- Mitsubishi Heavy Industries Ltd
The study provides a detailed analysis of the key players in the Automotive HVAC market that includes manufacturers, suppliers and organizations. The competitive analysis includes monetization, analysis of business segments and geographic presence in each country, key strategies and developments, product portfolio and SWOT analysis.
global Automotive HVAC Market Segmentation:
- Based on Type
- Based on vehicle
- passenger cars
- Commercial Vehicles
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Global Automotive HVAC Market Coverage:
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of the world
- South America
- Middle East and Africa
The Asia-Pacific region has witnessed great growth in the Automotive HVAC market. As the auto industry is expected to grow at a tremendous pace, sales of vehicles and auto parts are also expected to increase as a result of a rise in disposable income in emerging Asian economies. The high growth in the region is expected to be due to the increase in disposable income in India and China.
IMP NOTE: All our reports will be updated taking into account the impact of the COVID-19 scenario.
Crucial point in the report:
Automotive HVAC Market Insight: This section of our report outlines relevant topics about the market we’ve researched and the direction we see the industry going. These include, but are not limited to, discussed segments, business descriptions and key customer growth metrics. This section provides a detailed analysis of the current and future growth drivers of dividing the market into types, vehicles and regions.
Automotive HVAC Market Dynamics: This section provides a detailed analysis of the growth drivers, constraints and business opportunities. In addition, the report provides a detailed COVID impact analysis affecting the market growth along with an accurate focus on industry policies, regulatory framework, and current issues impacting the market growth at the national/international level.
Regional Outlook for Automotive HVAC Market: The country section is a breakdown by country of how production and consumption figures compare.
Automotive HVAC Market Competitive Landscape: This section provides comprehensive market share analysis and in-depth analysis of the top 10 players covered in the market report.
Evolve Business Intelligence is a market research, business intelligence and consulting firm that provides innovative solutions to challenge a company’s pain points. Our market research reports contain data useful to micro, small, medium and large enterprises. We offer solutions ranging from pure data collection to business advice.
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