At 9.3% CAGR, Global Automotive HVAC Market Size & Share to Surpass USD 31,907 Million By 2026: Industry Trends & Forecast Report by Polaris Market Research
Polaris Market Research provide a deep analysis of the Automotive HVAC which evaluates business solutions, assesses, research and development, application, benefits, advantage, scope, and operations. This report offers an in-depth analysis and development of industry major manufacturers, key drivers, opportunity, challenge, international suppliers also deep study on risks and entry barriers. It also offers competitive analysis on the latest technology, trend, innovation, future scope, Industry Share, sales, revenue generation, investment analysis, and overall business scenario.
The global Automotive HVAC Market size was valued at USD 14,440 Million in 2017 and is anticipated to reach USD 31,907 Million by 2026, to grow at a CAGR of 9.3% during the forecast period.
These studies also involve the important achievements of the market, research & development, new product launch, regional growth, leading competitors over the universal and local scale. The industry report analysis and insights of manufacturers steering growth, revenue, share, supply, opportunity, challenges, and restrain development. It also the expansion of Industry regional as well as global fats and figure.
The significant increase in demand for passenger and commercial vehicles, and growth in global automotive industry boosts the demand for automotive HVAC. The demand for luxury and comfortable vehicles has increased significantly, especially from the emerging economies. Consumers prefer comfortable and enhanced driving experience, which boosts the automotive HVAC market. The increasing awareness among consumers regarding use of eco-friendly products coupled with rising demand for environment friendly refrigerants has encouraged market players to launch efficient automotive HVAC systems. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for Automotive HVAC market in the coming years.
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What Does the Report Include?
- Status of the Automotive HVAC Market in world view.
- Top companies operating in the market.
- Import-Export policies regarding the products/services in the Automotive HVAC Market.
- Research and development activities.
- Major research agenda in industry segments.
- Segmentation according to application, type, and geography.
- Comparative study of the domestic and international prices of the products and services and related price fluctuations.
- Worldwide Automotive HVAC Market’s driving forces and roadblocks
In 2017, Asia-Pacific accounted for the highest share in the global Automotive HVAC market. The growing demand for automobiles in the region, established automotive industry, and technological advancements would accelerate the demand for automotive HVAC systems during the forecast period. The governments in the region have introduced stringent regulations regarding vehicular emissions and safety owing to environmental concerns. The increasing economic growth, and increasing demand from countries such as China and India further increases the adoption of automotive HVACs in the region. Expansion of global players into these countries to tap market potential boosts the market growth. The increasing environmental concerns have resulted in increased adoption of environment friendly refrigerants in the region. The adoption of geo-thermal heat pumps further supports the market growth in the region.
The well-known companies profiled in the report include Sensata Technologies, Inc., Valeo S.A., Air International Thermal Systems, Delphi Automotive Plc, Johnson Electric Holdings Ltd., Sanden Corporation, Visteon Corporation, Xiezhong International Holdings Ltd., Brose Fahrzeugteile GmbH & Co. Kg, and Mahle Behr GmbH. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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- Market Size & Forecast by Revenue
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Component, by Type, by Deployment Mode, by Vertical, and by Geography
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Moreover, the research reviewer has also explained the impact of the Covid-19 outbreak on the global Automotive HVAC Market and related factors including supply chain analysis, effect estimations on target market size growth rates in various scenarios, and the steps that major firms would take in reaction to the epidemic. The report then focuses on regional and application markets along with existing and future trends. The historical evaluation given in this report supports demand growth at the global, national, and regional levels. Web communities, online forums, surveys, and interviews are utilized to acquire data for the market study report.
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