Automotive HVAC System Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Automotive HVAC System Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Automotive HVAC System market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global automotive HVAC system market was valued at $43.37 billion in 2019, and is projected to reach $68.18 billion by 2027, registering a CAGR of 5.8% from 2020 to 2027. By technology, the automatic technology segment was the highest revenue contributor in 2019, accounting for $24.62 billion, and is estimated to reach $39.54 billion by 2027, registering a CAGR of 6.1% during the forecast period. In 2019, Asia-Pacific was anticipated to account for major market share.

A heating, ventilation, and air conditioning (HVAC) system in a vehicle is used to control the internal temperature of the vehicle cabin. It includes three subsystems, namely, heating, cooling, and air conditioning, that work together to provide purified air to the vehicle cabin, ensuring thermal comfort for drivers and passengers. It controls the air temperature, inspects the moisture content in the air, and eliminates excessive humidity from the circulating air. Well-established companies, such as Audi, Mercedes, and BMW, focus on customized and consumer-friendly HVAC systems. For instance, the BMW 6 Series supports automatic air conditioning, including air distribution for driver and passengers, fogging sensor, and automatic climate control system.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Automotive HVAC System market are included as given below:

Comprehensive competitive analysis and profiles of major automotive HVAC system market players such as Denso Corporation, Valeo services, Hanon Systems (HVCC), Calsonic Kansei Corporation, Sanden Holdings Corporation, Mahle GmbH, Johnson Electric, Sensata Technologies, Inc., Keihin Corporation, and Air International Thermal Systems are also provided in this report.

The global Automotive HVAC System market has been segmented as below:

By Technology

� Automatic

� Manual

By Vehicle Type

� Passenger Car

� Commercial Vehicle

� Electric Vehicle

By Component

� Evaporator

� Compressor

� Condenser

� Receiver-drier

� Expansion Valve

� Others

By Region

� North America

o U.S.

o Canada

o Mexico

� Europe

o UK

o Germany

o Spain

o France

o Rest of Europe

� Asia-Pacific

o China

o Japan

o India

o Australia

o Rest of Asia-Pacific

� LAMEA

o Latin America

o Middle East

o Africa

Reasons to Purchase this Report:

Estimates Automotive HVAC System development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects