Global Automotive HVAC System Market to Reach US$ 66.6 Billion by 2032, Impelled by Rising Vehicle Production and Sales

June 13, 2023 | Automotive Industry

According to the latest report by IMARC Group, titled "Automotive HVAC System Market Report by Component (Evaporator, Compressor, Condensor, Receiver-drier, Expansion Valve, and Others), Technology (Automatic, Manual), Vehicle Type (Passenger Car, Commercial Vehicle, Electric Vehicle), and Region 2024-2032," the global automotive HVAC system market size reached US$ 42.8 Billion in 2023. The automotive heating, ventilation, and air conditioning (HVAC) system is a crucial component of modern vehicles that provides comfort and regulates the temperature, humidity, and air quality inside the vehicle cabin. It is integrated with a heating system that is responsible for warming the air inside the vehicle cabin by utilizing the engine's coolant system to transfer heat to the HVAC system. Additionally, it comprises an air conditioning system that is accountable for cooling and dehumidifying the air inside the vehicle via using a refrigeration cycle to remove heat and moisture from the cabin air. As a result, it is gaining widespread prominence across the globe as it ensures a pleasant driving experience for occupants in various weather conditions.

Global Automotive HVAC System Market Trends:

The global market is primarily driven by the increasing vehicle production and sales. Coupled with the number of vehicles on the road is increasing, there has been a considerable rise in the demand for automotive HVAC systems, which is creating a positive market outlook. Moreover, original equipment manufacturers (OEMs) and suppliers are constantly innovating and offering advanced HVAC solutions to meet the requirements of a growing market, which, in turn, is providing an impetus to the market. Additionally, the rising consumer demand for comfortable driving experiences is impacting the overall automotive HVAC systems as they play a crucial role in providing a comfortable cabin environment by regulating temperature, humidity, and air quality. Apart from this, continual technological advancements and the emergence of dual-zone or multi-zone climate control and personalized settings are significantly supporting the market on the global level. Furthermore, various regions with extreme weather conditions, such as very hot summers or cold winters, are propelling the demand for automotive HVAC systems to maintain a comfortable cabin temperature. Other factors, including considerable improvements in the automotive sector and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 66.6 Billion by 2032, exhibiting a CAGR of 4.9% during 2024-2032.

Market Summary:

  • On the basis of the component, the market has been categorized into evaporator, compressor, condenser, receiver-drier, expansion valve and others.
  • Based on the technology, the market has been segmented into automatic and manual.
  • On the basis of the vehicle type, the market has been bifurcated into passenger car, commercial vehicle and electric vehicle.
  • Region wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa. 
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include 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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Automotive HVAC System Market to Reach US$ 66.6 Billion by 2032, Impelled by Rising Vehicle Production and Sales
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More