Automotive Air Conditioning Market

The global Automotive Air Conditioning market was valued at USD 32.51 Billion in 2020 and is projected to reach USD 53.44 Billion by 2028, growing at a CAGR of 6.41%% from 2021 to 2028.

Automotive air conditioner in automobiles allows driver or passenger feel more comfortable during warm humid or hot trips in the vehicle. Heat is removed with the use of conduction or convection method. The four units of automotive air conditioner system are heating unit, cooling unit, moisture remover and ventilator.

This report provides an analysis of the Automotive Air Conditioning market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Automotive Air Conditioning market. This data is likely to help the industry stakeholders and stimulate the decision-making process.

The COVID-19 outbreak has affected various industries worldwide. The Automotive Air Conditioning market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The rising vehicle production across the globe is anticipated to augment the growth of the automotive air conditioning market during the forecast period. This is attributable to the increasing urbanization, rising disposable income of the consumers, and advancement of technologies. Furthermore, the constant developments and updates in various features associated with the automobiles internal air conditioning systems are anticipated to drive the demand of the automotive air conditioning market. 

The increasing temperature in the world is expected to increase the growth of the automotive air conditioning market in the years to come. The rise is due to the emissions of greenhouse gases like carbon dioxide. These gases trap heat in the atmosphere causing Earth's greenhouse effect to grow more intense, and hence warming the climate. Furthermore, the rising temperature also affects human health by causing heat exhaustion, heat stroke and aggravated allergies, among others. The automotive air conditioners help to clean and disinfect the air that we breath. 

The design complexities and high maintenance costs is expected to hamper the growth of the market over the forecast period.

The report delivers an acute breakdown of the market based on various segments such as Technology, Vehicle Type, , and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.

On the basis of Technology, the market is divided into Automatic, Semi-automatic, Manual. Automatic dominated the global Automotive Air Conditioning market in 2020 and is projected to witness the same trend during the forecast period.

Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle. Passenger Car accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Based on the geography, the global Automotive Air Conditioning market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.

The report covers detailed analysis on drivers, business opportunities, regulatory norms, supplier concertation and such other factors impacting regional growth. Moreover, it also covers market estimations and forecast for each segment for each region for the years 2016–2028. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The global Automotive Air Conditioning market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Automotive Air Conditioning market are Keihin, Hanon System, Sanden, Calsonic Kansei, Valeo, Subros, Denso, Mahle Behr, Mitsubishi..  This section of the report provides in depth analysis on key market players based on various parameters such as business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. It will also include information on key strategies adopted by major market players. 

• The global Automotive Air Conditioning market was valued at USD 32.51 Billion in 2020
• The global Automotive Air Conditioning Market is projected to reach USD 53.44 Billion by 2028
• Asia Pacific held the highest share of the Automotive Air Conditioning market in 2020
• Some of the major companies operating in the Automotive Air Conditioning market are Keihin, Hanon System, Sanden, Calsonic Kansei, Valeo, Subros, Denso, Mahle Behr, Mitsubishi.