Automotive Air Conditioning Market
Automotive Air Conditioning Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0566
Segments Covered
By
Technology Automatic, Semi-automatic, Manual
-
By
Vehicle Type Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
32.51 Billion |
 Revenue 2028:
|
53.44 Billion |
 Revenue CAGR
(2021 - 2028): |
6.41% |
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
Research Methodology: Automotive Air Conditioning Market - Global Market Assessment, 2021 - 2028
Automotive Air Conditioning Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Air Conditioning market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Air Conditioning market.
FAQ
Frequently Asked Question
What is the global demand for Automotive Air Conditioning in terms of revenue?
-
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%%.
Which are the prominent players in the market?
-
The prominent players in the market are Keihin, Hanon System, Sanden, Calsonic Kansei, Valeo, Subros, Denso, Mahle Behr, Mitsubishi..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.41%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Automotive Air Conditioning in 2020.
