Automotive Air Conditioning Market 2019 Trends, Size, Share, Growth Insight, Competitive Analysis, Leading Players, Regional, And Global Forecast To 2023
Automotive Air Conditioning Market is segmented by Technology (Manual and Automatic), Component (Compressor, Evaporator, Receiver and Condenser), Vehicle type (Passenger Car and Commercial Vehicle), and Regions – Forecast till 2023.
Pune, India – March 27, 2019 /MarketersMedia/ —
Automotive Air Conditioning Market to rise at highest CAGR and reach remarkable market value during 2019 and 2023 due to increasing demand for commercial and passenger vehicles, initiatives from the government to build advanced air conditioning system, and change in consumer preferences are considered some of the major factors influencing the global automotive air conditioning market, according to Global Automotive Air Conditioning Market 2019 Industry Report published by “Market Research Future”.
The Key Players In The Global Automotive Air Conditioning Market Analyzed In Report:
Subros Limited (India), MAHLE GmbH (Germany), Valeo SA (France), SMAC Auto Air (New Zealand), Samvardhana Motherson Group (India), Mitsubishi Heavy Industries Ltd. (Japan), Denso Corporation (Japan), Keihin Corporation (Japan), Hanon Systems (South Korea), and Calsonic Kansei Corporation (Japan).
Get Free Sample “Automotive Air Conditioning Market Research Report – Global Forecast to 2022” at: https://www.marketresearchfuture.com/sample_request/2386
Automotive Air Conditioning Market Overview:
For this study, the global
Automotive air conditioning is the referred to as the process of removing heat from the interior part of the vehicle in order to provide comfort of the occupants. One of the essential components of a vehicle, air conditioning uses ventilation, integrated heating, and air conditioning systems in vehicles.
The factors that are responsible for the growth of automotive air conditioning market are surge in demand for passenger and commercial vehicles, change in consumer preferences, and government initiatives to develop advanced air conditioning systems. The rising sales of new vehicles will lead to higher installation of air conditioning in vehicles. This is further estimated to contribute to the growth of the market. Moreover, with the increase in disposable income, consumers will prefer to adopt advanced air conditioning systems, thereby fueling the market growth. Also, advancement in technology from manual to automatic air conditioning will result in growth of the market.
There has been an increase in the production of passenger and commercial vehicles over the past years in countries such as China, India, and Japan. The increase in production is majorly due to the availability of low-cost labor, which attract many automakers to set up their base in countries such as India, China, and Japan. According to OICA, the sales of new vehicles have increased from 2013 to 2016. In 2013, the number of vehicles sold were 85.6 million while in 2016, it was 93.8 million. The increase in sales of new vehicle will result in higher installation of air conditioning in the vehicles, which will drive the market. The gradual change in the consumer preference has played a major role in the growth of automotive air conditioning market.
Market Segments Analysis:
The global automotive air conditioning market has been segmented on the basis of component, technology, vehicle type, and region.
By mode of technology, the global automotive air conditioning market has been segmented into automatic and manual. Among these, the automatic technology is estimated to dominate the global market as it allows to set a specified temperature within the automobile. It can also monitor the temperature of a specified area without manual intervention.
By mode of component, the global automotive air conditioning market has been segmented into condenser, compressor, evaporator, and receiver. Among these, the compressors are anticipated to dominate the global market as they perform major tasks such as heat absorption, heat transfer, and condense excess heat.
By mode of vehicle type, the global automotive air conditioning market has been segmented into commercial and passenger vehicle. Among these, the passenger vehicle segment is presumed to dominate the global market during the estimated period owing to the increased sales and production. The high installation of air conditioning systems in passenger vehicles will trigger its demand.
Regional Analysis:
Geographically, the automotive air conditioning market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Asia Pacific region is expected to dominate the market during the forecast period due to increasing population, rapid industrialization, and aggressive expansion of manufacturing sector. The automakers are moving towards technology-driven components, which will require less efforts by the consumer to operate. The development of technology-driven vehicles will result in increased adoption of automatic air conditioning in the vehicles. The increased adoption will drive the growth of the market in future.
North America is expected to be the second largest market to grow during the forecast period.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET
5 INDUSTRY OVERVIEW OF GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET
5.1 INTRODUCTION
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
Continued…
LIST OF TABLES:
TABLE 1 GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA AUTOMOTIVE AIR CONDITIONING MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE AUTOMOTIVE AIR CONDITIONING MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC AUTOMOTIVE AIR CONDITIONING MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA AUTOMOTIVE AIR CONDITIONING MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA AUTOMOTIVE AIR CONDITIONING MARKET: BY COUNTRY, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 1 GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET SEGMENTATION
FIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET
FIGURE 5 SHARE OF GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL AUTOMOTIVE AIR CONDITIONING MARKET, 2017-2023,
Continued…
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