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Automotive HVAC System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global automotive HVAC system market reached a value of US$ 38.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 54.7 Billion by 2027, exhibiting a CAGR of 6.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

An automotive heating, ventilation and air conditioning (HVAC) system refers to an automated mechanism used to sustain the internal temperature of a vehicle. They consist of a condenser, evaporator, compressor, expansion valves, sensors, expansion tube, receiver and dryer. They are commonly available in automatic, manual and semi-automatic variants. Automotive HVAC systems are widely used for regulating operations of heating, cooling and air conditioning, while ensuring proper ventilation within a vehicle. They also assist in controlling the air temperature, providing good air quality, ensuring thermal comfort for drivers and passengers, inspecting the moisture content in the vehicle, and emanating the excessive humidity from the circulating air.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Automotive HVAC Systems Market Trends:

The increasing sales of vehicles and the growing requirement for air conditioning systems under extreme weather conditions across the globe is creating a positive outlook for the market. Automotive HVAC systems are widely used due to the increasing demand for enhanced performance, air quality and environmental issues. In line with this, the rising demand for remote access control systems that assist in enhancing the efficiency of air conditioning and reducing fuel consumption is favoring the market growth. Apart from this, various technological innovations, such as the introduction of energy-efficient and eco-friendly automotive HVAC systems due to the increasing environmental consciousness among the masses, are providing a thrust to the market growth. Furthermore, the launch of new HVAC systems with advanced features that assist in demisting windshields, defrosting windows and dehumidifying air, and providing improved comfort to the passengers is positively impacting the market growth. Other factors, including the increasing demand for electric vehicles (EVs), rising expenditure capacities of consumers and the implementation of various government initiatives to promote energy-efficient systems, are anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive HVAC system market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, technology and vehicle type.

Breakup by Component:

  • Evaporator
  • Compressor
  • Condensor
  • Receiver-drier
  • Expansion Valve
  • Others
     

Breakup by Technology:

 

 
 

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  • Automatic
  • Manual
     

Breakup by Vehicle Type:

  • Passenger Car
  • Commercial Vehicle
  • Electric Vehicle
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Denso Corporation, Hanon Systems, Highly Marelli, Japan Climate Systems Corporation, Johnson Electric Holdings Limited, Mahle GmbH, Mitsubishi Heavy Industries Ltd, Sanden Corporation, Sensata Technologies Inc and Valeo.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Technology, Vehicle Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Denso Corporation, Hanon Systems, Highly Marelli, Japan Climate Systems Corporation, Johnson Electric Holdings Limited, Mahle GmbH, Mitsubishi Heavy Industries Ltd, Sanden Corporation, Sensata Technologies Inc and Valeo.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global automotive HVAC system market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global automotive HVAC system market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the vehicle type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global automotive HVAC system market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Automotive HVAC System Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Evaporator
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Compressor
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Condensor
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Receiver-drier
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Expansion Valve
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Technology
    7.1    Automatic
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Manual
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Vehicle Type
    8.1    Passenger Car
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial Vehicle
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Electric Vehicle
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Denso Corporation
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Hanon Systems
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
        14.3.3    Highly Marelli
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Japan Climate Systems Corporation
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Johnson Electric Holdings Limited
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Mahle GmbH
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 SWOT Analysis
        14.3.7    Mitsubishi Heavy Industries Ltd
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Sanden Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
        14.3.9    Sensata Technologies Inc
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Valeo
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Automotive HVAC System Market: Major Drivers and Challenges
Figure 2: Global: Automotive HVAC System Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Automotive HVAC System Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Automotive HVAC System Market: Breakup by Component (in %), 2021
Figure 5: Global: Automotive HVAC System Market: Breakup by Technology (in %), 2021
Figure 6: Global: Automotive HVAC System Market: Breakup by Vehicle Type (in %), 2021
Figure 7: Global: Automotive HVAC System Market: Breakup by Region (in %), 2021
Figure 8: Global: Automotive HVAC System (Evaporator) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Automotive HVAC System (Evaporator) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Automotive HVAC System (Compressor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Automotive HVAC System (Compressor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Automotive HVAC System (Condensor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Automotive HVAC System (Condensor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Automotive HVAC System (Receiver-drier) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Automotive HVAC System (Receiver-drier) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Automotive HVAC System (Expansion Valve) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Automotive HVAC System (Expansion Valve) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Automotive HVAC System (Other Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Automotive HVAC System (Other Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Automotive HVAC System (Automatic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Automotive HVAC System (Automatic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Automotive HVAC System (Manual) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Automotive HVAC System (Manual) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Automotive HVAC System (Passenger Car) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Automotive HVAC System (Passenger Car) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Automotive HVAC System (Commercial Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Automotive HVAC System (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Automotive HVAC System (Electric Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Automotive HVAC System (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Automotive HVAC System Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Automotive HVAC System Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Automotive HVAC System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Automotive HVAC System Industry: SWOT Analysis
Figure 80: Global: Automotive HVAC System Industry: Value Chain Analysis
Figure 81: Global: Automotive HVAC System Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Automotive HVAC System Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automotive HVAC System Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Automotive HVAC System Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Automotive HVAC System Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 5: Global: Automotive HVAC System Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Automotive HVAC System Market: Competitive Structure
Table 7: Global: Automotive HVAC System Market: Key Players


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