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Automotive Air Conditioning Market

Automotive Air Conditioning Market

Automotive Air Conditioning Market Global Industry Assessment & Forecast

# Pages:

151

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0566

Segments Covered
  • By Technology Automatic, Semi-automatic, Manual
  • By Vehicle Type Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 32.51 Billion
Revenue 2028Revenue 2028: 53.44 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 6.41%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

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. 

Global Automotive Air Conditioning Market: Technology Segment Analysis

    • Automatic
    • Semi-automatic
    • Manual

Global Automotive Air Conditioning Market: Vehicle Type Segment Analysis

    • Passenger Car
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
FAQ
Frequently Asked Question
  • The global Automotive Air Conditioning valued at 32.51 Billion in 2020 and is expected to reach 53.44 Billion in 2028 growing at a CAGR of 6.41%%.

  • The prominent players in the market are Keihin, Hanon System, Sanden, Calsonic Kansei, Valeo, Subros, Denso, Mahle Behr, Mitsubishi..

  • The market is project to grow at a CAGR of 6.41%% between 2021 and 2028.

  • The driving factors of the Automotive Air Conditioning include

    • 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.

  • Asia Pacific was the leading regional segment of the Automotive Air Conditioning in 2020.