The global automotive HVAC market was valued at USD 14,440 million in 2017 and is anticipated to grow at a CAGR of 9.3% during the forecast period. Automotive HVAC (Heating Ventilation and Air Conditioning) is responsible for cleaning, cooling, heating, regulating, ventilating, and dehumidifying the air entering the vehicle. Automotive HVAC regulates the temperature inside the vehicle depending on the inputs of the operator as well as electronic sensors to offer enhanced comfort to the passengers. HVAC units and distribution systems are an integral part of the cabin climate control function. HVAC systems deliver the correct amount of conditioned air at desirable temperature and humidity levels to the target locations to ensure the comfort of the passengers. Adequate flow delivery also plays an important role for safe operation of a vehicle.
The growing automotive industry, and increasing number of passenger and commercial vehicles drive the growth of this market. The rising demand for thermal comfort and automatic temperature control systems in automobiles support the growth of the automotive HVAC market across the globe. The rising popularity of luxury vehicles, and increasing preference towards comfortable driving experience has accelerated the adoption of automotive HVACs. The increasing demand of automobiles from emerging economies, and technological advancements also increase the demand of automotive HVAC systems. Increasing adoption of geo-thermal heat pumps and growing use of environment friendly refrigerants are factors expected to provide numerous growth opportunities during the forecast period.
The global Automotive HVAC market is segmented on the basis of type, end-user, and geography. Based on type, the market is segmented into manual HVAC, and automatic HVAC. The automatic HVAC segment is expected to grow at the fastest rate during the forecast period owing to rising demand for luxury and comfortable vehicles. The rising environmental concerns and growing pollution levels across the globe would support the growth of this segment.
The end-users include passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment dominated the global automotive HVAC market in 2017. The rising demand for luxury vehicles, and growing demand of passenger vehicles from emerging economies boosts the growth of this segment. The growing preferences of consumers towards comfortable and enhanced driving experience would increase the demand of automotive HVAC from this segment.
The automatic HVAC market report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. The Asia-Pacific Automatic HVAC market accounted for the highest share in the global automotive HVAC market in 2017 owing to growing demand of passenger cars in the region, and technological advancements. The rising demand for thermal comfort in vehicles, and increasing security concerns support the growth of the market in the region.
The vendors in the market are launching new products to meet the growing customer needs. In addition, the leaders in the market are acquiring and collaborating with top companies in the market to enhance their offerings in the market and expand their customer base. The Automotive HVAC market is highly competitive with the presence of a large number of small and large vendors. The leading players in the Automatic HVAC market 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 among others.