Automotive HVAC Market: Exploring Opportunities with Market Size and Growth Projections

During the forecast period of 2024-2028, the global Automotive HVAC Market is expected to grow with a significant CAGR. The growth of the automotive HVAC system market is driven by the increasing demand for thermal systems, rising safety concerns, automatic climate control features, and the adoption of eco-friendly refrigerants. The HVAC system in a vehicle is primarily used to monitor the internal temperature of the vehicle cabin, regulate air temperature, and remove excessive humidity from the circulating air. Leading OEMs such as Mercedes, Audi, and BMW focus on developing modified and consumer-friendly HVAC systems.

Denso Corporation, Sensata Technologies Inc., Calsonic Kansei Corporation, Hanon Systems, Keihin Corporation, Valeo, Japan Climate Systems Corporation, Johnson Electric Holdings Ltd, Sanden Holdings Corporation, and MAHLE GmbH are among the major players operating in the global automotive HVAC market. Many of these companies are developing new products and advanced technologies to maintain their position in the market. Several companies are also merging with other companies as part of a strategy to stay competitive in the market.

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Objective of the Study:

• To analyse and forecast the market size of automotive HVAC market, in terms of value and volume
• To classify and forecast global automotive HVAC market based on vehicle type and regional distribution.
• To identify drivers and challenges for global automotive HVAC market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive HVAC market.
• To conduct the pricing analysis for automotive HVAC market.
• To identify and analyse the profile of leading players involved in the manufacturing of global automotive HVAC market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

TechSci Research calculated the market size of Global Automotive HVAC Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Manufacturers of Automotive HVAC
• Automotive OEMs
• Traders, Distributors, and Suppliers
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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